Rare Orange-Red Diamond Appears at Auction

 Rare Orange-Red Diamond Appears at Auction

                    1.21-carat, fancy-orangey-red

Heritage Auctions has unveiled a 1.21-carat, fancy-orangey-red diamond that will go under the hammer at its Fall Fine Jewelry Signature auction on September 29.

“This gem is one of only a few diamonds to display enough saturation and intensity to be graded as a true red,” said Jill Burgum, Heritage Auctions’ executive director of fine jewelry. “Adding to the allure, the cause of a red diamond’s color remains a mystery to scientists, making this stone even more of a marvel.”

The stone has a presale estimate of $100,000 to $150,000.

Other notable diamonds included in the sale are a 17.63-carat, fancy-intense-yellow diamond ring from the estate of Dallas philanthropist Mary Anne Sammons Cree, which is expected to fetch $300,000 to $400,000. More than 125 jewels from Cree’s collection are up for sale, with the proceeds going to the Communities Foundation of Texas as well as Dallas-area nonprofits.

Source: DCLA

Classic car prices drop but diamonds and wine shine

Old Master paintings and classic cars have lost the luster, But the uber rich have seen their jewellery, fine wine and musical instruments jump in value again.

This according to to the Blue blooded UK bank Coutts’ passion index of the finest things. Now in its twelfth year.

Read more : DCLA

Rough Market Cools Despite $572M De Beers Sight

 

De Beers Orapa mine

The rough-diamond market slowed during last week’s De Beers July sight, with prices on the secondary market decreasing.
De Beers sold $572 million of rough in the sixth sales cycle, an increase of 6% from the previous sight and 8% from the same period a year ago, the company said Tuesday. However, rough dealers were reselling boxes of De Beers goods for no premium, or at a loss, in contrast to the buoyant activity in the first half of the year, sightholders said.
While De Beers kept its prices generally steady, prices on the secondary market were about 4% to 5% lower than they were following the June sight, dealers reported. “Taking into account the real cost of the boxes [including tax, broker fees and other costs], the box prices represented a loss to the sellers,” Dudu Harari of diamond broker Bluedax said in a report on the sight.
The cooling of the market comes as diamond cutters are finally realizing that the mismatch between rough and polished prices has made it difficult for them to make money on goods, one rough broker told Rapaport News on Tuesday.
Demand for polished diamonds remains weak, resulting in slim profit margins for manufacturers, sightholders said, as rough prices increased an estimated 3% in the first half. “This sight, we saw a paradigm shift,” the rough broker explained.
“There wasn’t much demand for De Beers boxes on the secondary market. This was a very significant difference from sight five. “The wheels have come off the bus as far as the rough market is concerned,” the broker added. “If something doesn’t change at the end of the pipeline, we could see a drop in rough prices.” De Beers, meanwhile, said demand for its goods was solid across its product range, as the miner had reported in previous sights.
“With Diwali being earlier than normal in 2017, we saw some demand from Indian diamantaires pulled forward from sight seven,” said De Beers CEO Bruce Cleaver. “This was due to these customers needing to make rough-diamond purchases in sufficient time to complete their polishing before the holiday begins.” De Beers continued its recent practice of not offering any “ex-plan” goods — excess rough that the miner makes available beyond what it has agreed to supply sightholders — according to the anonymous broker.
Buyers reported shortages in certain rough categories, in line with earlier sales this year.

 Source:diamonds.net

Sarine Claims Superior Accuracy for Grading Tools

Sarine Technologies’ new automated color- and clarity-grading systems are yielding more reliable results than manual graders, the company has claimed.

Sarine Clarity, which uses technology to analyze flaws in polished diamonds, showed a 97% correlation with the grades given by a reference group of human gemologists, while Sarine Color matched them 99% of the time, Sarine said Sunday.

Read more: DCLA 

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Rio Tinto Debuts Biggest Red Diamond in Tender History

 

The 2.11 carat radiant cut fancy red Argyle Everglow, the top lot of the 2017 Argyle Pink Diamonds Tender New York.

Four graded fancy red and another four as purplish red. There were also two violet diamonds and one blue, with the remaining 41 graded pink.

Following the preview held this week in New York, the diamonds will travel to Hong Kong and then come back to New York in September, before returning to Australia where they were mined.