A 6.21-carat pink diamond will be the star of the second jewelry auction Phillips will hold in Geneva, where it is expected to fetch up to CHF 13.6 million ($15 million).
The fancy-vivid-pink, VS1-clarity, type IIa diamond ring is among several important and rare pieces on offer at the sale, called Geneva Jewels Auction: Two, which will take place on May 13, Phillips said Tuesday. The auction will be at the Hotel President Geneva for the first time, and it will include over 100 specially curated items from well-knowns design houses such as Cartier, JAR, Suzanne Belperron, and Van Cleef & Arpels.
Prior to the sale, Phillips will exhibit the jewels in New York; London; Taipei, Taiwan; and Singapore. The auction house will also hold a simultaneous selling exhibition called “Symbols, Colour and Form,” which will feature jewels from contemporary designers Alix Dumas and DYNE.
Here are the rest of the of the top five items Phillips will feature at the main sale:
This 280.84-carat Colombian emerald is from a private collection. Known as The Amazon Queen, it carries an estimate of CHF 1.4 million to CHF 2.4 million ($1.5 million to $2.6 million).A 27.27-carat, fancy-vivid-yellow diamond ring will also go under the hammer. It is expected to bring in between CHF 1 million and CHF 1.8 million ($1.1 million to $2 million).A pair of earrings set with pear-shaped, D-flawless, type IIa diamonds weighing 10.07 and 10.12 carats has a presale price range of CHF 1.2 million to CHF 1.6 million ($1.3 million to $1.8 million).Phillips will offer this brilliant-cut, 1.56-carat, fancy-red Argyle diamond at the Geneva auction. Named The Argyle Phoenix, it is estimated at CHF 910,000 to CHF 1.4 million ($1 million to $1.5 million).
A 3.06-carat pink diamond ring will be the star of an upcoming jewelry sale at Heritage Auctions, where it is set to fetch as much as $300,000.
The modified marquise-shaped, fancy-pink stone, surrounded by 0.55 carats of full-cut diamonds, will lead the December 4 Holiday Fine Jewelry Signature Auction in Dallas, Texas, Heritage said Monday.
Other standout items include pieces by Cartier, Van Cleef & Arpels, and Tiffany & Co., and diamond earrings created in 1950 by Parisian jeweler Jean Schlumberger. One of the more interesting lots is an enamel and 18-karat gold helicopter by Pierno Frascarolo & Co.
Here are some of the other top items:
A ring by designer David Webb features a pear-shaped, 18.65-carat Ceylon purple sapphire, 9.35 carats of full-cut diamonds and a turquoise cabochon, estimated at up to $80,000.An emerald-cut, 4.62-carat, H-color, VS1-clarity diamond ring is expected to fetch up to $75,000 at the auction.This ring is set with a cut-cornered rectangular-cut, 5.57-carat, fancy-intense-yellow, VS1-clarity diamond center stone, flanked by tapered bullet-shaped white diamonds and rectangular-shaped emeralds. It carries a presale price range of $50,000 to $75,000.Heritage will offer this cushion-shaped, 19.51-carat sapphire and diamond ring for $50,000 to $70,000.
JOHANNESBURG- A junior diamond mining company has recovered a spectacular pink diamond from the banks of the Middle Orange River.
The diamond, named Protea Pink, is a fancy pink, 29.52 ct type II diamond, with unusual depth of colour and exceptional clarity. Its colour is reminiscent of the pink hues found in South Africa’s national flower, the protea.
This diamond was most likely derived from the 90-million-year-old Lesotho kimberlites and made a remarkable journey down the Orange river to be trapped in an ancient river terrace, approximately 500 km from its source, South African Diamond Producers Organisation (Sadpo) vice-chairperson and geologist Lyndon de Meillon stated in a release to Mining Weekly.
Sadpo, an organisation that aims to streamline the diamond diggers industry, is headed by CEO Yamkela Makupula, who is a director of Pioneer Tender House, where Protea Pink will be sold on tender in South Africa during the week of 26/30 June. The sale will end on Friday 30 June.
The Middle Orange River, which is known as the area with the highest average value per carat in the world, also has the lowest grade in carat per hundred tonnes of any area actively mined, De Meillon explained.
The modern-day alluvial diamond miner utilises no chemicals in the recovery process and rehabilitation of the mining areas has been proven to improve the carrying capacity of the land, De Meillon added.
Unemployment rates in the area are alarmingly high, exceeding 70%, with mining operations, such as this one by a junior miner, playing a crucial role in supporting the local economy by providing job opportunities and stimulating economic growth.
The revenue generated from diamond mining can contribute to infrastructure development, education, healthcare, and other essential services in the community.
Storm Mountain Diamonds (SMD), jointly owned by Namakwa Diamonds Limited and the Government of Lesotho, has recovered a 108.39-carat fancy pink diamond at its Kao Mine in the Southern African country.
The diamond is one of the largest pink roughs ever found in Africa, which include the “Lulo Rose”, 170-carat precious stone recovered by Australia’s Lucapa Diamond in Angola last year.
SMD said the diamond was recovered from a 1.5 tonne sample of kimberlite ore that was processed at the mine’s plant.
It is a Type IIa stone, which means it has very few impurities and a high level of clarity, the company said.
The Kao Mine is one of the largest diamond mines in Lesotho and produces about 400,000 carats of diamonds annually.
Coloured diamonds, especially pink ones, have repeatedly set record-setting prices in recent years as they are rarer than white ones. While they come in many hues, pink and blue are the most coveted.
Rio Tinto’s Unique $1.24m Midnight Sun Diamond Ring
Midnight Sun Diamond Ring
Pink and yellow diamonds from two iconic Rio Tinto mines – Argyle and Diavik – have been brought together to create a unique ring.
It’s called Diavik Midnight Sun and has been valued at $1.24m.
An 18.08 carat fancy intense yellow oval diamond from Diavik, in sub-Arctic Canada, contrasts with an intricate setting of rare Argyle pink diamonds, from the now-closed mine in in the remote East Kimberley region of Western Australia, weighing 4.09 carats in total.
The yellow diamond was cut from a 36.75-ct rough gem, described as one of the finest large yellow diamonds uncovered at Diavik.
Rio Tinto’s general manager of sales and marketing for its diamonds business, Patrick Coppens said “This combination of a rare yellow Diavik diamond and Argyle Pink Diamonds, the rarest diamonds in the world, is a special moment in the history of Rio Tinto’s unique place in the natural fancy coloured diamond industry.
He paid tribute to luxury jeweler Musson for creating the ring. The Diavik Midnight Sun takes its inspiration from the exquisite natural phenomenon that occurs when the sun is seen at midnight in the Arctic, exhibiting beautiful golden and pink hues.
Live jewelry auctions are returning with the first one being held in Geneva by Sotheby’s on June 23 offering a diverse collection of statement diamonds, colored gems and historic jewels.
Sotheby’s Part II Magnificent Jewels & Nobel Jewels – Geneva sale was originally scheduled for May but was postponed due to the novel coronavirus pandemic. The effects of the worldwide spread of this infectious disease is still being felt as dramatically reduced travel and freight shipments have hampered the efforts of jewelry specialists to assess gems and jewels. Most likely because of this and the scheduling changes the sale consists of only 48 lots, far fewer than usual for a live international auction. However, there will be a strong and varied selection gems and jewels.
The live sale is accompanied by an online auction, Sotheby’s Part I Magnificent Jewels & Nobel Jewels – Geneva, with 178 lots dating from the 19th century through to the present day. It includes jewels from renowned jewelry houses, including Sterlé, Suzanne Belperron, René Boivin and Hemmerle. This sale has begun and will run till June 24.
Not surprisingly colored diamonds are among the top lots in live sale, with blues, pinks and yellows dominating. The auction is led by a 3.01-carat fancy vivid blue step-cut, diamond. The colored gem set on a ring has a clarity grade of VS1 (very small inclusions), according to the Gemological Institute of America report. Its estimate is $4.3 – $6.3 million.Most Popular In: Watches & Jewelry
It’s followed by a 7-carat marquise-shaped fancy intense pink diamond. It received a clarity grade of VVS2 (very, very small inclusions) by the GIA. It is set on a ring flanked by fancy-shaped diamonds and with a shank lined with brilliant-cut diamonds. It’s the first time this diamond has come to auction in more than 30 years, where it has been kept in the same private collection. Its estimate is $2.5 – $3.5 million.
There’s also a selection of large, colorless diamonds led by a 21.56-carat D color, VVS1 clarity diamond by Lorraine Schwartz, an American bespoke high jewelry designer with a large celebrity clientele. The gem has excellent polish and symmetry, according to the GIA report.
The Duchess of Manchester’s emerald and diamond necklace, estimate: $300,000 – $400,000 SOTHEBY’S
Among the noble jewels in the sale, the standout is an emerald and diamond necklace owned by Consuelo Montagu (1853-1909), Duchess of Manchester, which was given to her as a wedding gift. Born in New York to parents of Cuban descent, she was known for her match-making skills, inspiring her wealthy friends to find suitable husbands in the United Kingdom, according to the auction house. Her ability to bring together American fortunes with noble titles led to the coining of the phrase “Million Dollar Princesses.” This antique jewel was displayed at the Victoria & Albert Museum in London for 22 years. Its estimate is $300,000 – $400,000.
Cartier diamond bracelet and pair of diamond clips, circa 1930 SOTHEBY’S
In addition, there’s a collection of jewels owned by Baroness Bachofen von Echt (1877 – 1959), a New York native who became German nobility through marriage. Pieces from her collection includes a diamond bracelet (estimate $100,000 – $150,000) and diamond clips (estimate $60,000 – $100,000), both made by Cartier, along with creations by Verdura and Hemmerle.
Two impressive sapphires are included in the sale. The first is a 105.58-carat Ceylon sapphire set on a gold ring. The gem is accompanied by reports from the Swiss Gemmological Institute (SSEF) and from Gübelin that both state that there are no indications of heating, with “a few minor nicks and chips consistent with normal wear.” Its estimate is $500,000 – $700,000.
The second is a 16.11-carat Kashmir sapphire set on an 18k gold and diamond ring. The gem is accompanied by two reports from the Swiss Gemmological Institute and from Gübelin that both state that there are no indications of heating and in “very good condition.” Its estimate is $300,000 – $500,000
The continued importance of signed jewels is evident in this sale with pieces from historic and contemporary jewelry houses, including Bulgari, Cartier, Fred, Furst. Harry Winston, Hemmerle, René Bovin, Tiffany & Co. and Van Cleef & Arpels.
One of the standouts in this group is a Cartier diamond and platinum bracelet, Course de Feuillage, 1926. The entire bracelet is set with circular-, single-cut and baguette diamonds that combines geometric shapes with the stylized representation of leaves. Its estimate is $200,000 – $300,000.
Live jewelry auctions are returning with the first one being held in Geneva by Sotheby’s on June 23 offering a diverse collection of statement diamonds, colored gems and historic jewels.
Sotheby’s Part II Magnificent Jewels & Nobel Jewels – Geneva sale was originally scheduled for May but was postponed due to the novel coronavirus pandemic. The effects of the worldwide spread of this infectious disease is still being felt as dramatically reduced travel and freight shipments have hampered the efforts of jewelry specialists to assess gems and jewels. Most likely because of this and the scheduling changes the sale consists of only 48 lots, far fewer than usual for a live international auction. However, there will be a strong and varied selection gems and jewels.
The live sale is accompanied by an online auction, Sotheby’s Part I Magnificent Jewels & Nobel Jewels – Geneva, with 178 lots dating from the 19th century through to the present day. It includes jewels from renowned jewelry houses, including Sterlé, Suzanne Belperron, René Boivin and Hemmerle. This sale has begun and will run till June 24.
Not surprisingly colored diamonds are among the top lots in live sale, with blues, pinks and yellows dominating. The auction is led by a 3.01-carat fancy vivid blue step-cut, diamond. The colored gem set on a ring has a clarity grade of VS1 (very small inclusions), according to the Gemological Institute of America report. Its estimate is $4.3 – $6.3 million.Most Popular In: Watches & Jewelry
It’s followed by a 7-carat marquise-shaped fancy intense pink diamond. It received a clarity grade of VVS2 (very, very small inclusions) by the GIA. It is set on a ring flanked by fancy-shaped diamonds and with a shank lined with brilliant-cut diamonds. It’s the first time this diamond has come to auction in more than 30 years, where it has been kept in the same private collection. Its estimate is $2.5 – $3.5 million.
There’s also a selection of large, colorless diamonds led by a 21.56-carat D color, VVS1 clarity diamond by Lorraine Schwartz, an American bespoke high jewelry designer with a large celebrity clientele. The gem has excellent polish and symmetry, according to the GIA report.
The Duchess of Manchester’s emerald and diamond necklace, estimate: $300,000 – $400,000 SOTHEBY’S
Among the noble jewels in the sale, the standout is an emerald and diamond necklace owned by Consuelo Montagu (1853-1909), Duchess of Manchester, which was given to her as a wedding gift. Born in New York to parents of Cuban descent, she was known for her match-making skills, inspiring her wealthy friends to find suitable husbands in the United Kingdom, according to the auction house. Her ability to bring together American fortunes with noble titles led to the coining of the phrase “Million Dollar Princesses.” This antique jewel was displayed at the Victoria & Albert Museum in London for 22 years. Its estimate is $300,000 – $400,000.
Cartier diamond bracelet and pair of diamond clips, circa 1930 SOTHEBY’S
In addition, there’s a collection of jewels owned by Baroness Bachofen von Echt (1877 – 1959), a New York native who became German nobility through marriage. Pieces from her collection includes a diamond bracelet (estimate $100,000 – $150,000) and diamond clips (estimate $60,000 – $100,000), both made by Cartier, along with creations by Verdura and Hemmerle.
Two impressive sapphires are included in the sale. The first is a 105.58-carat Ceylon sapphire set on a gold ring. The gem is accompanied by reports from the Swiss Gemmological Institute (SSEF) and from Gübelin that both state that there are no indications of heating, with “a few minor nicks and chips consistent with normal wear.” Its estimate is $500,000 – $700,000.
The second is a 16.11-carat Kashmir sapphire set on an 18k gold and diamond ring. The gem is accompanied by two reports from the Swiss Gemmological Institute and from Gübelin that both state that there are no indications of heating and in “very good condition.” Its estimate is $300,000 – $500,000
The continued importance of signed jewels is evident in this sale with pieces from historic and contemporary jewelry houses, including Bulgari, Cartier, Fred, Furst. Harry Winston, Hemmerle, René Bovin, Tiffany & Co. and Van Cleef & Arpels.
One of the standouts in this group is a Cartier diamond and platinum bracelet, Course de Feuillage, 1926. The entire bracelet is set with circular-, single-cut and baguette diamonds that combines geometric shapes with the stylized representation of leaves. Its estimate is $200,000 – $300,000.
The price of super-rare pink diamonds is to set to rocket with the forthcoming closure of the Argyle mine in Western Australia, which has been responsible for 90 per cent of world supplies.
Owners Rio Tinto plan to cease production by the end of 2020, when economically-viable reserves will run out. The value of pink diamonds sold at its annual tenders has been appreciating by an average of 10 per annually over the last couple of decades, outperforming all major equity markets. They are a magnet for collectors and investors. That growth in value is likely to accelerate when Argyle closes, after 37 years in which it became known as the world’s largest supplier of natural colored diamonds – including white, champagne, cognac, blue and violet – as well and the rare and highly-coveted Argyle pinks and reds. Last year Hong Kong-based Kunming Diamonds bought the Argyle Pink Everlastings Collection comprising smaller Argyle pink and red diamonds totaling 211 carats.
The company’s director Harsh Maheshwari told the South China Morning Post newspaper last week that the price of Argyle Pinks had been insulated even from COVID-19 because of their rarity and the closure of the mine. Russian miner Alrosa aims to fill some of the gap left in the market but won’t match Argyle’s production.
The price of super-rare pink diamonds is to set to rocket with the forthcoming closure of the Argyle mine in Western Australia, which has been responsible for 90 per cent of world supplies.
Owners Rio Tinto plan to cease production by the end of 2020, when economically-viable reserves will run out. The value of pink diamonds sold at its annual tenders has been appreciating by an average of 10 per annually over the last couple of decades, outperforming all major equity markets. They are a magnet for collectors and investors. That growth in value is likely to accelerate when Argyle closes, after 37 years in which it became known as the world’s largest supplier of natural colored diamonds – including white, champagne, cognac, blue and violet – as well and the rare and highly-coveted Argyle pinks and reds. Last year Hong Kong-based Kunming Diamonds bought the Argyle Pink Everlastings Collection comprising smaller Argyle pink and red diamonds totaling 211 carats.
The company’s director Harsh Maheshwari told the South China Morning Post newspaper last week that the price of Argyle Pinks had been insulated even from COVID-19 because of their rarity and the closure of the mine. Russian miner Alrosa aims to fill some of the gap left in the market but won’t match Argyle’s production.
Renowned jeweller Harry Winston purchased the exceptional pink diamond for more than $50 million USD.
The rectangular cut, 18.96 carat, fancy vivid pink diamond sold for $50.4 million at the Christie’s Magnificent Jewels sale in Geneva.
The diamond previously owned by the Oppenheimer family of South Africa had a presale estimate of $30 million to $50 million. The new owners have renamed the stone the Winston Pink Legacy.
“This exceptional diamond captured the imagination of international collectors across the globe, with over 30,000 people visiting Christie’s sale previews to see this remarkable stone,” said Rahul Kadakia, Christie’s international head of jewelry.
“It has taken its rightful place among the world’s greatest diamonds.” Magnificent Jewels auction sold 86% of lots grossing a total of $110.2 million USD.
Renowned jeweller Harry Winston purchased the exceptional pink diamond for more than $50 million USD.
The rectangular cut, 18.96 carat, fancy vivid pink diamond sold for
$50.4 million at the Christie’s Magnificent Jewels sale in Geneva.
The diamond previously owned by the Oppenheimer family of South
Africa had a presale estimate of $30 million to $50 million. The new
owners have renamed the stone the Winston Pink Legacy.
“This exceptional diamond captured the imagination of international
collectors across the globe, with over 30,000 people visiting Christie’s
sale previews to see this remarkable stone,” said Rahul Kadakia,
Christie’s international head of jewelry.
“It has taken its rightful
place among the world’s greatest diamonds.”
Magnificent Jewels auction sold 86% of lots grossing a total of $110.2 million USD.
An Oval Cut Fancy Vivid Pink Diamond goes under the hammer at the Christie’s Magnificent Jewels sale this month. The 14.93 carat Type IIa VVS1 clarity Oval Diamond, named the Pink Promise is estimated to sell for between $28 million to $42 million USD.
An Oval Cut Fancy Vivid Pink Diamond goes under the hammer at the Christie’s Magnificent Jewels sale this month.
The 14.93 carat Type IIa VVS1 clarity Oval Diamond, named the Pink
Promise is estimated to sell for between $28 million to $42 million USD.
