Tiffany Launches Diamond Engagement Rings for Men

 

For the first time in its history, iconic New York jeweler Tiffany & Co. has launched engagement rings for men.

This May, Tiffany unveils the Charles Tiffany Setting, a collection of solitaire men’s rings with sizable round-brilliant and emerald-cut diamonds measuring up to 4.3 carats.

Tiffany, which did more than $4 billion in jewelry sales last year, is on the cusp of a new era. In January, the company was acquired by the luxury-goods behemoth LVMH for $15.8 billion, and now the iconic Blue Box brand belongs to the French. And, after nearly 180 years in business, the jeweler is finally embracing the idea of diamonds for all.

“Why not diamonds for men?” asks Frank Everett, senior vice president, sales director for Sotheby’s luxury division in New York and a man known for his own collection of jeweled and diamond brooches. “Most men love diamonds but haven’t necessarily thought about applying them in their own jewelry.” While there’s always been a segment of men who favored a diamond pinkie ring, Everett says that men’s diamond rings were especially popular in the late ’70s and ’80s, but then they faded out.

He predicts Tiffany’s new engagement rings will help create a greater market for men’s diamond rings. “Once men break the ice and wear a diamond, it becomes comfortable and natural,” explains Everett.

Source: DCLA

Tiffany Launches Diamond Engagement Rings for Men

 

For the first time in its history, iconic New York jeweler Tiffany & Co. has launched engagement rings for men.

This May, Tiffany unveils the Charles Tiffany Setting, a collection of solitaire men’s rings with sizable round-brilliant and emerald-cut diamonds measuring up to 4.3 carats.

Tiffany, which did more than $4 billion in jewelry sales last year, is on the cusp of a new era. In January, the company was acquired by the luxury-goods behemoth LVMH for $15.8 billion, and now the iconic Blue Box brand belongs to the French. And, after nearly 180 years in business, the jeweler is finally embracing the idea of diamonds for all.

“Why not diamonds for men?” asks Frank Everett, senior vice president, sales director for Sotheby’s luxury division in New York and a man known for his own collection of jeweled and diamond brooches. “Most men love diamonds but haven’t necessarily thought about applying them in their own jewelry.” While there’s always been a segment of men who favored a diamond pinkie ring, Everett says that men’s diamond rings were especially popular in the late ’70s and ’80s, but then they faded out.

He predicts Tiffany’s new engagement rings will help create a greater market for men’s diamond rings. “Once men break the ice and wear a diamond, it becomes comfortable and natural,” explains Everett.

Source: DCLA

Christie’s to Auction $12M Pink Diamond Ring

 

A fancy-intense-pink diamond ring with a high estimate of CHF 11 million ($12 million) is set to feature in the Magnificent Jewels sale at Christie’s Geneva.

The oval-shaped, 15.23-carat piece, surrounded by diamonds, will be offered alongside the 100.94-carat Alrosa Spectacle diamond at the May 12 auction, Christie’s said last week.

Other notable items include a heart-shaped, 53.33-carat, D-color, VVS1-clarity, type IIa diamond pendant with a high valuation of CHF 3 million ($3.3 million). A pear-shaped, 141.22-carat, fancy-brown-yellow diamond set in a diamond necklace is also on offer, carrying a high estimate of CHF 2.8 million ($3.1 million).

Meanwhile, a ring featuring a 47-carat, cushion-shaped old mine Colombian emerald surrounded by diamonds will go under the hammer. The jewel, which is from an important private collection, carries a high presale estimate of CHF 1.6 million ($1.7 million).

Christie’s will also sell a rectangular cut-cornered, 8.06-carat, fancy-purplish-pink, VVS2-clarity diamond ring bracketed by tapered baguette-cut diamonds. The piece, created by Boucheron, has a high valuation of CHF 1.5 million ($1.6 million).

Christie’s will preview the items from May 8. The sale will also feature an online component, which will be open for bidding between April 29 and May 10.

Source: DCLA

Christie’s to Auction $12M Pink Diamond Ring

 

A fancy-intense-pink diamond ring with a high estimate of CHF 11 million ($12 million) is set to feature in the Magnificent Jewels sale at Christie’s Geneva.

The oval-shaped, 15.23-carat piece, surrounded by diamonds, will be offered alongside the 100.94-carat Alrosa Spectacle diamond at the May 12 auction, Christie’s said last week.

Other notable items include a heart-shaped, 53.33-carat, D-color, VVS1-clarity, type IIa diamond pendant with a high valuation of CHF 3 million ($3.3 million). A pear-shaped, 141.22-carat, fancy-brown-yellow diamond set in a diamond necklace is also on offer, carrying a high estimate of CHF 2.8 million ($3.1 million).

Meanwhile, a ring featuring a 47-carat, cushion-shaped old mine Colombian emerald surrounded by diamonds will go under the hammer. The jewel, which is from an important private collection, carries a high presale estimate of CHF 1.6 million ($1.7 million).

Christie’s will also sell a rectangular cut-cornered, 8.06-carat, fancy-purplish-pink, VVS2-clarity diamond ring bracketed by tapered baguette-cut diamonds. The piece, created by Boucheron, has a high valuation of CHF 1.5 million ($1.6 million).

Christie’s will preview the items from May 8. The sale will also feature an online component, which will be open for bidding between April 29 and May 10.

Source: DCLA

Company Buys 50,000 Diamonds for World-First Tradable Coins

 

The company behind diamond “coins” for investors will embark on the automated purchase of about 50,000 gems on Tuesday.

The coins will be the world’s first regulator-approved, exchange-traded, fungible diamond commodity offering. 

New York-based Diamond Standard is buying inventory to produce the first batch of 5,000 diamond standard coins, each containing “a set of certified natural diamonds with identical geological scarcity” weighing around 4.5 carats all with the exact value of $5,000.

The diamonds will be assembled into clear plastic coins containing a wireless blockchain token by the International Gemological Institute (IGI).
They will then be traded as a commodity and the price will fluctuate. Subsequent coins will replicate the rarity of the benchmark set. 

“We buy sight unseen,” said CEO and founder Cormac Kinney. “Our computer automatically buys the least expensive diamonds across a statistically valid sample.  

We don’t even know the price. We are literally buying the certificate.”
Diamond Standard bids electronically through its own Diamond Standard Exchange to buy a statistical samples of all qualities of natural, polished diamonds, seeking the lowest price across a wide range – D to L color, IF to SI2 clarity, VG to EX GIA cut scale, from 0.21-carats to 0.75-carats. 

Source: DCLA

Company Buys 50,000 Diamonds for World-First Tradable Coins

 

The company behind diamond “coins” for investors will embark on the automated purchase of about 50,000 gems on Tuesday.

The coins will be the world’s first regulator-approved, exchange-traded, fungible diamond commodity offering. 

New York-based Diamond Standard is buying inventory to produce the first batch of 5,000 diamond standard coins, each containing “a set of certified natural diamonds with identical geological scarcity” weighing around 4.5 carats all with the exact value of $5,000.

The diamonds will be assembled into clear plastic coins containing a wireless blockchain token by the International Gemological Institute (IGI).
They will then be traded as a commodity and the price will fluctuate. Subsequent coins will replicate the rarity of the benchmark set. 

“We buy sight unseen,” said CEO and founder Cormac Kinney. “Our computer automatically buys the least expensive diamonds across a statistically valid sample.  

We don’t even know the price. We are literally buying the certificate.”
Diamond Standard bids electronically through its own Diamond Standard Exchange to buy a statistical samples of all qualities of natural, polished diamonds, seeking the lowest price across a wide range – D to L color, IF to SI2 clarity, VG to EX GIA cut scale, from 0.21-carats to 0.75-carats. 

Source: DCLA

Gem Diamonds ramps up production in Lesotho

 

Gem Diamonds announced Thursday that the company produced 29,010 carats at its Letšeng mine in Lesotho, which is 11% more than in Q1 2020 – 26,110 carats.

The company’s revenue for the period was US$43.9 million Q1 2020 – US$47.3 million and an average price achieved for the period was US$1,630 per carat Q1 2020 – US$1,615 per carat.

The company said that 5 diamonds sold for more than US$1.0 million each, generating revenue of US$12.4 million during the period.

The group ended the period with US$26.9 million of cash on hand excluding US$8.2 million of the March tender proceeds received after the period end. During the period, Letšeng paid the remaining dividend of US$10.0 million which was declared in 2020.

CEO Clifford Elphick commented, “It is pleasing to see that carat production during the period was up some 11% on the same period in 2020 and that the average price of US$1,630 per carat was also slightly up on Q1 2020. Although the production from the mining mix was not as impressive as the second half of 2020, with fewer large diamonds recovered due to the areas accessed under the mining plan, prices achieved on a like for like basis remained strong for Letšeng’s high value diamond production.”

The company said it anticipates that the mining mix should improve over the coming months as the richer parts of the Satellite pit are accessed in accordance with the mine plan.

Gem Diamonds is a leading global diamond producer of large high value diamonds. The company owns 70% of the Letšeng mine in Lesotho and is currently in the process of selling its 100% share of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.

Source: DCLA

Gem Diamonds ramps up production in Lesotho

 

Gem Diamonds announced Thursday that the company produced 29,010 carats at its Letšeng mine in Lesotho, which is 11% more than in Q1 2020 – 26,110 carats.

The company’s revenue for the period was US$43.9 million Q1 2020 – US$47.3 million and an average price achieved for the period was US$1,630 per carat Q1 2020 – US$1,615 per carat.

The company said that 5 diamonds sold for more than US$1.0 million each, generating revenue of US$12.4 million during the period.

The group ended the period with US$26.9 million of cash on hand excluding US$8.2 million of the March tender proceeds received after the period end. During the period, Letšeng paid the remaining dividend of US$10.0 million which was declared in 2020.

CEO Clifford Elphick commented, “It is pleasing to see that carat production during the period was up some 11% on the same period in 2020 and that the average price of US$1,630 per carat was also slightly up on Q1 2020. Although the production from the mining mix was not as impressive as the second half of 2020, with fewer large diamonds recovered due to the areas accessed under the mining plan, prices achieved on a like for like basis remained strong for Letšeng’s high value diamond production.”

The company said it anticipates that the mining mix should improve over the coming months as the richer parts of the Satellite pit are accessed in accordance with the mine plan.

Gem Diamonds is a leading global diamond producer of large high value diamonds. The company owns 70% of the Letšeng mine in Lesotho and is currently in the process of selling its 100% share of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.

Source: DCLA

Christie’s to Offer 101ct. ‘Spectacle’ Diamond

 

Christie’s will sell a 100.94 carat diamond at its upcoming Magnificent Jewels auction in Geneva, where it expects the stone to fetch up to $18 million.

The emerald cut, D color, internally flawless diamond, called the Spectacle, originated from a 207.29-carat rough Alrosa unearthed in 2016 at its Zarnitsa pipe in Yakutia, Christie’s said Monday.

Alrosa cut the stone at its polishing facility in Moscow over the course of a year and eight months, Christie’s noted. The diamond the largest ever manufactured in Russia will lead the May 12 auction.

The Spectacle is the third D-color, 100-carat-plus diamond the auction house has sold over the past 10 years. The Winston Legacy, a 101.73 carat, D flawless stone, went for $26.7 million in Geneva in 2013, and the 163.41 carat, D flawless Creation I fetched $33.7 million in 2017.

“We are fascinated to present this long awaited gem,” said Alrosa CEO Sergey Ivanov. “A part of our The Spectacle Collection, bearing the same name, this exceptional 100.94 carat diamond displays a breathtaking performance, which is a natural wonder revealed by human hand. Astonishing size, combined with impeccable color and quality, characteristics and flawless provenance guarantees, make the Spectacle a unique occurrence.”

Source: DCLA

Christie’s to Offer 101ct. ‘Spectacle’ Diamond

 

Christie’s will sell a 100.94 carat diamond at its upcoming Magnificent Jewels auction in Geneva, where it expects the stone to fetch up to $18 million.

The emerald cut, D color, internally flawless diamond, called the Spectacle, originated from a 207.29-carat rough Alrosa unearthed in 2016 at its Zarnitsa pipe in Yakutia, Christie’s said Monday.

Alrosa cut the stone at its polishing facility in Moscow over the course of a year and eight months, Christie’s noted. The diamond the largest ever manufactured in Russia will lead the May 12 auction.

The Spectacle is the third D-color, 100-carat-plus diamond the auction house has sold over the past 10 years. The Winston Legacy, a 101.73 carat, D flawless stone, went for $26.7 million in Geneva in 2013, and the 163.41 carat, D flawless Creation I fetched $33.7 million in 2017.

“We are fascinated to present this long awaited gem,” said Alrosa CEO Sergey Ivanov. “A part of our The Spectacle Collection, bearing the same name, this exceptional 100.94 carat diamond displays a breathtaking performance, which is a natural wonder revealed by human hand. Astonishing size, combined with impeccable color and quality, characteristics and flawless provenance guarantees, make the Spectacle a unique occurrence.”

Source: DCLA

GIA Recalls Diamonds over Treatment Query

 

The Gemological Institute of America (GIA) has asked customers to return a number of colored diamonds for reassessment, suspecting that a treatment might have gone under the radar.

The organization will reevaluate certain diamonds with “green or greenish” in the color grade, a spokesperson told Rapaport News last week. The recall applies to reports it issued between January and June 2020. The GIA declined to reveal how many stones were affected or to provide their report numbers.

“Recent research and investigation into potential treatment methods caused us to request the return of the subject diamonds for further analysis,” the spokesperson said.

The institute informed customers about the issue around six weeks ago, and is in the process of collecting and reassessing the diamonds. Some stones could get an “undetermined” ruling, while others may require further testing, the spokesperson explained. Many diamonds had already come back with their natural-color statuses confirmed, market sources said. The GIA bases its conclusions on the “state of knowledge and criteria in place at the date of examination,” it added.

Sources estimated that the number of reports under review was close to 100 and could be much higher. The GIA did not specify the nature of the possible treatment. The case is unrelated to the recent discovery of a treated fancy-color diamond on which the institute reported in the latest edition of its academic journal, Gems & Gemology.

“GIA has been investigating the cause of color in diamonds and other gem materials for nearly 70 years,” the spokesperson continued. “Among GIA’s earliest area of research was determining origin of color of green diamonds, which remains even today one of the most difficult areas of gemology. The research process is dynamic, and we recently discovered new information that may provide new insights about the origin of color of the group of diamonds that we have requested to be returned for review.”

The GIA is already dealing with a wider grading backlog following a rebound in market activity in recent months. The organization is operating with as much capacity as local Covid-19 rules allow, using weekends, second shifts and overtime, the spokesperson said.

Source: Diamonds.net

GIA Recalls Diamonds over Treatment Query

 

The Gemological Institute of America (GIA) has asked customers to return a number of colored diamonds for reassessment, suspecting that a treatment might have gone under the radar.

The organization will reevaluate certain diamonds with “green or greenish” in the color grade, a spokesperson told Rapaport News last week. The recall applies to reports it issued between January and June 2020. The GIA declined to reveal how many stones were affected or to provide their report numbers.

“Recent research and investigation into potential treatment methods caused us to request the return of the subject diamonds for further analysis,” the spokesperson said.

The institute informed customers about the issue around six weeks ago, and is in the process of collecting and reassessing the diamonds. Some stones could get an “undetermined” ruling, while others may require further testing, the spokesperson explained. Many diamonds had already come back with their natural-color statuses confirmed, market sources said. The GIA bases its conclusions on the “state of knowledge and criteria in place at the date of examination,” it added.

Sources estimated that the number of reports under review was close to 100 and could be much higher. The GIA did not specify the nature of the possible treatment. The case is unrelated to the recent discovery of a treated fancy-color diamond on which the institute reported in the latest edition of its academic journal, Gems & Gemology.

“GIA has been investigating the cause of color in diamonds and other gem materials for nearly 70 years,” the spokesperson continued. “Among GIA’s earliest area of research was determining origin of color of green diamonds, which remains even today one of the most difficult areas of gemology. The research process is dynamic, and we recently discovered new information that may provide new insights about the origin of color of the group of diamonds that we have requested to be returned for review.”

The GIA is already dealing with a wider grading backlog following a rebound in market activity in recent months. The organization is operating with as much capacity as local Covid-19 rules allow, using weekends, second shifts and overtime, the spokesperson said.

Source: Diamonds.net

Fancy Pink Diamond Fetches $3.5m at Christie's Auction

 

A 2.17-carat fancy vivid purplish pink diamond fetched $3.5m at auction, well above its high estimate of $2.5m.

It was the most expensive of a “Perfect Palette” of three colored diamonds that raised a total of $8.4m last week at Christie’s New York April Magnificent Jewels.

The pink diamond (pictured) was a cut-cornered square modified brilliant-cut stone, natural color, SI1 clarity, set with round diamonds in a platinum and 18k yellow gold ring.

A fancy vivid blue cut-cornered rectangular modified brilliant-cut diamond of 2.13 carats, natural color, VS1 clarity, set in a platinum ring with round diamonds, sold for $2.67m (high estimate $3m).

And a fancy vivid orange cut-cornered rectangular modified brilliant-cut diamond of 2.34 carats, natural color, VS1 clarity, set in platinum and 18k yellow gold, sold for $2.19m (high estimate $2.5m).

The sale of over 200 lots – including signed pieces by Belperron, Bulgari, Cartier, Graff, Harry Winston, Hemmerle, JAR, Lacloche, Tiffany & Co., and Van Cleef & Arpels – brought in a total of $35m.

Christie’s said there were bids from 40 countries and 94 per cent of lots were sold.

Source: DCLA

Fancy Pink Diamond Fetches $3.5m at Christie's Auction

 

A 2.17-carat fancy vivid purplish pink diamond fetched $3.5m at auction, well above its high estimate of $2.5m.

It was the most expensive of a “Perfect Palette” of three colored diamonds that raised a total of $8.4m last week at Christie’s New York April Magnificent Jewels.

The pink diamond (pictured) was a cut-cornered square modified brilliant-cut stone, natural color, SI1 clarity, set with round diamonds in a platinum and 18k yellow gold ring.

A fancy vivid blue cut-cornered rectangular modified brilliant-cut diamond of 2.13 carats, natural color, VS1 clarity, set in a platinum ring with round diamonds, sold for $2.67m (high estimate $3m).

And a fancy vivid orange cut-cornered rectangular modified brilliant-cut diamond of 2.34 carats, natural color, VS1 clarity, set in platinum and 18k yellow gold, sold for $2.19m (high estimate $2.5m).

The sale of over 200 lots – including signed pieces by Belperron, Bulgari, Cartier, Graff, Harry Winston, Hemmerle, JAR, Lacloche, Tiffany & Co., and Van Cleef & Arpels – brought in a total of $35m.

Christie’s said there were bids from 40 countries and 94 per cent of lots were sold.

Source: DCLA

The Four Ex Diamond

 

Sourcing a diamond is easy with the help and guidance of the DCLA diamond exchange.

Proportion is graded alongside Symmetry, polish and importantly the Transparency.

This is why the Diamond Exchange are the most sought after for those who want the finest diamonds available.

To ensure the highest quality, the Diamond Exchange works with the finest rough diamond producers based in South Africa, Antwerp, Israel and India.

Each diamond is then meticulously analysed by our Laboratory diamond gemologists.

Using sophisticated laboratory equipment every aspect of the individual stone is checked, including the all-important proportions that will produce the most brilliance.

Proportions

Proportions affect how light travels within the diamond.

Diamonds that are cut too shallow and wide, or too deep and narrow lose light out the sides or bottom, causing the diamond to lose brilliance.

A select Diamond exchange Diamond are cut to ideal diamond proportions, creating a superior diamond to reflecting the maximum amount of light back to the eye.

Symmetry

The alignment of a diamond’s facets in relation to each other or opposing facets affects the diamond’s light performance.

Facets which are symmetrical and aligned, reflect light directly back to your eye.

Symmetry grading to Hearts and Arrows standards ensure its brilliance and fire is emitted evenly.

Certification

All Diamond Exchange diamonds are certified by recognised international accredited laboratories.

This provides you an authoritative analysis of your diamond.

Diamond Exchange also verifies that your diamond meets all the specific quality requirements and checks the diamond is cold laser inscribed.

Transparency

Transparency, also called pellucidity, is the material property of allowing light to pass through. In mineralogy, another term for this property is diaphaneity.

Developed by the DCLA , the Transparency Grade is the degree to which a diamond transmits light, directly relevant to its ‘cloudiness’ or ‘haziness.

In other words, it is a comprehensive assessment of light performance based on the quality of the diamond crystal itself.

The Four Ex Diamond

 

Sourcing a diamond is easy with the help and guidance of the DCLA diamond exchange.

Proportion is graded alongside Symmetry, polish and importantly the Transparency.

This is why the Diamond Exchange are the most sought after for those who want the finest diamonds available.

To ensure the highest quality, the Diamond Exchange works with the finest rough diamond producers based in South Africa, Antwerp, Israel and India.

Each diamond is then meticulously analysed by our Laboratory diamond gemologists.

Using sophisticated laboratory equipment every aspect of the individual stone is checked, including the all-important proportions that will produce the most brilliance.

Proportions

Proportions affect how light travels within the diamond.

Diamonds that are cut too shallow and wide, or too deep and narrow lose light out the sides or bottom, causing the diamond to lose brilliance.

A select Diamond exchange Diamond are cut to ideal diamond proportions, creating a superior diamond to reflecting the maximum amount of light back to the eye.

Symmetry

The alignment of a diamond’s facets in relation to each other or opposing facets affects the diamond’s light performance.

Facets which are symmetrical and aligned, reflect light directly back to your eye.

Symmetry grading to Hearts and Arrows standards ensure its brilliance and fire is emitted evenly.

Certification

All Diamond Exchange diamonds are certified by recognised international accredited laboratories.

This provides you an authoritative analysis of your diamond.

Diamond Exchange also verifies that your diamond meets all the specific quality requirements and checks the diamond is cold laser inscribed.

Transparency

Transparency, also called pellucidity, is the material property of allowing light to pass through. In mineralogy, another term for this property is diaphaneity.

Developed by the DCLA , the Transparency Grade is the degree to which a diamond transmits light, directly relevant to its ‘cloudiness’ or ‘haziness.

In other words, it is a comprehensive assessment of light performance based on the quality of the diamond crystal itself.

Diamond halo earrings by DCLA Diamond Exchange.

 Diamond halo earrings for everyday or special occasions.

Proportion is graded alongside Symmetry, polish and importantly the Transparency.

This is why the Diamond Exchange are the most sought after for those who want the finest diamonds available.

To ensure the highest quality, the Diamond Exchange works with the finest rough diamond producers based in South Africa, Antwerp, Israel and India.

Each diamond is then meticulously analysed by our Laboratory diamond gemologists.

https://www.dcladiamondexchange.com.au/ #diamonds #jewellery #earrings #engagement

Diamond halo earrings by DCLA Diamond Exchange.

 Diamond halo earrings for everyday or special occasions.

Proportion is graded alongside Symmetry, polish and importantly the Transparency.

This is why the Diamond Exchange are the most sought after for those who want the finest diamonds available.

To ensure the highest quality, the Diamond Exchange works with the finest rough diamond producers based in South Africa, Antwerp, Israel and India.

Each diamond is then meticulously analysed by our Laboratory diamond gemologists.

https://www.dcladiamondexchange.com.au/ #diamonds #jewellery #earrings #engagement

Fancy Colour Diamond Trio Fetches $8M at Christie’s

 

Three rings featuring diamonds with fancy-vivid color stole the show at the Christie’s Magnificent Jewels auction, selling for more than $8 million combined.

The trio of jewels, called the Perfect Palette, achieved a total of $8.4 million at the New York sale, Christie’s said Tuesday. A 2.17-carat, fancy-vivid-purplish-pink diamond ring brought in $3.5 million, beating its $2.5 million high estimate, while a 2.13-carat, fancy-vivid-blue diamond ring sold for $2.7 million, toward the upper end of its valuation. The third — a 2.34-carat, fancy-vivid-orange diamond ring — went for $2.2 million, just under its top estimate at the April 13 sale. The entire auction garnered $35 million, with 94% of items on offer finding buyers.

Another high earner was a pear brilliant-cut, 38.04-carat, D-flawless, type IIa diamond ring, which fetched $3 million. A Burmese ruby ring by F.J. Cooper, a prominent Philadelphia jeweler, went for $1.7 million. Both pieces fell within their presale estimates.

Other notable items included an oval modified brilliant-cut, 25.55-carat, fancy-vivid-yellow, VS1-clarity diamond ring, which sold for $1.7 million, smashing its $1.2 million high estimate. An emerald-cut, 14.50-carat, D-color, internally flawless, type IIa diamond ring also shattered its $1 million upper valuation, selling for $1.4 million at the auction.

A diamond and onyx Serpenti wristwatch, donated by Bulgari, fetched $50,000, within estimates. Proceeds from the timepiece will benefit the Elizabeth Taylor AIDS Foundation.

Participants at the sale originated from 40 countries across five continents, Christie’s noted. The auction house is still holding its Online Jewels sale, which began on April 8 and will run through April 20. It features a selection of items from Bulgari, Cartier and Elsa Peretti for Tiffany & Co., among others.

Source: DCLA

Fancy Colour Diamond Trio Fetches $8M at Christie’s

 

Three rings featuring diamonds with fancy-vivid color stole the show at the Christie’s Magnificent Jewels auction, selling for more than $8 million combined.

The trio of jewels, called the Perfect Palette, achieved a total of $8.4 million at the New York sale, Christie’s said Tuesday. A 2.17-carat, fancy-vivid-purplish-pink diamond ring brought in $3.5 million, beating its $2.5 million high estimate, while a 2.13-carat, fancy-vivid-blue diamond ring sold for $2.7 million, toward the upper end of its valuation. The third — a 2.34-carat, fancy-vivid-orange diamond ring — went for $2.2 million, just under its top estimate at the April 13 sale. The entire auction garnered $35 million, with 94% of items on offer finding buyers.

Another high earner was a pear brilliant-cut, 38.04-carat, D-flawless, type IIa diamond ring, which fetched $3 million. A Burmese ruby ring by F.J. Cooper, a prominent Philadelphia jeweler, went for $1.7 million. Both pieces fell within their presale estimates.

Other notable items included an oval modified brilliant-cut, 25.55-carat, fancy-vivid-yellow, VS1-clarity diamond ring, which sold for $1.7 million, smashing its $1.2 million high estimate. An emerald-cut, 14.50-carat, D-color, internally flawless, type IIa diamond ring also shattered its $1 million upper valuation, selling for $1.4 million at the auction.

A diamond and onyx Serpenti wristwatch, donated by Bulgari, fetched $50,000, within estimates. Proceeds from the timepiece will benefit the Elizabeth Taylor AIDS Foundation.

Participants at the sale originated from 40 countries across five continents, Christie’s noted. The auction house is still holding its Online Jewels sale, which began on April 8 and will run through April 20. It features a selection of items from Bulgari, Cartier and Elsa Peretti for Tiffany & Co., among others.

Source: DCLA

Argyle Diamond Mine Closure: The End of a Sparkling Era

 

 

Pink and red diamonds are among the most special gems in the world. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

After 37 years of output, Argyle’s closure came at a time of flux for the diamond market. The sector has been dealing with reduced demand caused by the COVID-19 pandemic, as well as shifting demographics.

While mining activity has concluded at the source of 90 percent of the world’s pink gems, diamond analyst Paul Zimnisky noted that Rio Tinto is likely still processing ore from Argyle.

“So Argyle diamonds will probably still be ‘produced’ this year,” he said. “Also, Rio may have some rough inventory overhang following all of the supply chain disruptions last year. But by the end of this calendar year or early next year, I think most of the primary market Argyle rough goods will be off the market.”

Demand for pink diamonds steadily growing

Colored diamonds, especially pink and red, are among the most valued gems on Earth. Prices can range from US$10,000 per carat for less intensely colored stones up to US$70,000 per carat for vivid hues.

Ahead of the Argyle closure, pink diamond prices were on the rise. According to the Fancy Color Research Foundation FCRF, the value of pink diamonds rose 116 percent between 2010 and 2020. That’s more than any other colored diamond segment, including the extremely rare blue diamonds.

Even 2020’s disruptions and closures didn’t dent the rosy outlook for colored stones.

“The prices of all pink diamonds overall remained without a change in Q4 2020, with fancy and fancy intense categories presenting a slight increase,” a FCRF report states. “Although 2020 was challenging in terms of logistics and travel, contrary to market expectations, fancy color diamond prices proved to be resilient, with minor price decreases across the board.”

With as much as 95 percent of global pink diamond supply now removed, there is some anticipation that prices for the gems will continue to increase, perhaps at a faster rate.

Source: DCLA

Argyle Diamond Mine Closure: The End of a Sparkling Era

 

 

Pink and red diamonds are among the most special gems in the world. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

After 37 years of output, Argyle’s closure came at a time of flux for the diamond market. The sector has been dealing with reduced demand caused by the COVID-19 pandemic, as well as shifting demographics.

While mining activity has concluded at the source of 90 percent of the world’s pink gems, diamond analyst Paul Zimnisky noted that Rio Tinto is likely still processing ore from Argyle.

“So Argyle diamonds will probably still be ‘produced’ this year,” he said. “Also, Rio may have some rough inventory overhang following all of the supply chain disruptions last year. But by the end of this calendar year or early next year, I think most of the primary market Argyle rough goods will be off the market.”

Demand for pink diamonds steadily growing

Colored diamonds, especially pink and red, are among the most valued gems on Earth. Prices can range from US$10,000 per carat for less intensely colored stones up to US$70,000 per carat for vivid hues.

Ahead of the Argyle closure, pink diamond prices were on the rise. According to the Fancy Color Research Foundation FCRF, the value of pink diamonds rose 116 percent between 2010 and 2020. That’s more than any other colored diamond segment, including the extremely rare blue diamonds.

Even 2020’s disruptions and closures didn’t dent the rosy outlook for colored stones.

“The prices of all pink diamonds overall remained without a change in Q4 2020, with fancy and fancy intense categories presenting a slight increase,” a FCRF report states. “Although 2020 was challenging in terms of logistics and travel, contrary to market expectations, fancy color diamond prices proved to be resilient, with minor price decreases across the board.”

With as much as 95 percent of global pink diamond supply now removed, there is some anticipation that prices for the gems will continue to increase, perhaps at a faster rate.

Source: DCLA