18ct. Diamond Smashes Estimate at Bonhams

An 18.04 carat diamond fetched $828,500 at Bonhams on Monday, exceeding its presale estimate of $400,000 to $600,000, Bonhams said Tuesday.

The emerald cut, G color, VS2 clarity ring flanked by trillion cut diamonds led the company’s New York Fine Jewelry sale. It was the first time the stone which was from a private collection had appeared at auction.

“We saw some fierce bidding for this magnificent diamond and are delighted with how well it performed,” said Caroline Morrissey, head of sales for Bonhams Jewelr, US.

At the same sale, a solitaire ring by Royal de Versailles featuring a round brilliant cut, 7.01 carat diamond garnered $275,000, beating its estimate of $180,000 to $250,000.

Other notable items from the auction included a pear-shaped brilliant cut, 5.03 carat, D color, internally flawless diamond solitaire ring. The piece went for $250,000, within its original valuation of $200,000 to $300,000.

 A cushion shaped modified brilliant cut, 18.76 carat, fancy light yellow diamond ring flanked by white, trillion shaped diamonds fetched $231,250, smashing its estimate of $100,000 to $150,000.

A rectangular shaped emerald cut, 33.03 carat, deep intense blue Sri Lankan sapphire ring failed to find a buyer, Bonhams said. That piece carried a presale estimate of $250,000 to $350,000.

The auction brought in a total of $4 million, according to Rapaport calculations, which Bonhams declined to confirm.

The auction house will hold its Fine Jewelry sale in London on Wednesday, featuring a 24.31 carat diamond estimated at $1.7 million to $2.3 million.

Source: DCLA

18ct. Diamond Smashes Estimate at Bonhams

An 18.04 carat diamond fetched $828,500 at Bonhams on Monday, exceeding its presale estimate of $400,000 to $600,000, Bonhams said Tuesday.

The emerald cut, G color, VS2 clarity ring flanked by trillion cut diamonds led the company’s New York Fine Jewelry sale. It was the first time the stone which was from a private collection had appeared at auction.

“We saw some fierce bidding for this magnificent diamond and are delighted with how well it performed,” said Caroline Morrissey, head of sales for Bonhams Jewelr, US.

At the same sale, a solitaire ring by Royal de Versailles featuring a round brilliant cut, 7.01 carat diamond garnered $275,000, beating its estimate of $180,000 to $250,000.

Other notable items from the auction included a pear-shaped brilliant cut, 5.03 carat, D color, internally flawless diamond solitaire ring. The piece went for $250,000, within its original valuation of $200,000 to $300,000.

 A cushion shaped modified brilliant cut, 18.76 carat, fancy light yellow diamond ring flanked by white, trillion shaped diamonds fetched $231,250, smashing its estimate of $100,000 to $150,000.

A rectangular shaped emerald cut, 33.03 carat, deep intense blue Sri Lankan sapphire ring failed to find a buyer, Bonhams said. That piece carried a presale estimate of $250,000 to $350,000.

The auction brought in a total of $4 million, according to Rapaport calculations, which Bonhams declined to confirm.

The auction house will hold its Fine Jewelry sale in London on Wednesday, featuring a 24.31 carat diamond estimated at $1.7 million to $2.3 million.

Source: DCLA

Sapphire Necklace Sells for $15M at Christie’s

A rare sapphire necklace was the top seller at Christie’s Magnificent Jewels auction in Hong Kong, which garnered about $60 million in total on Tuesday.

The Peacock Necklace, which had a presale estimate of $12 million to $15 million, became the most expensive Kashmir sapphire necklace per carat in auction history, Christie’s said.

 The piece contains 21 cushion-cut Kashmir sapphires weighing a total of 109.08 carats. It fetched $15 million at the sale, achieving a price of $137,146 per carat.

Christie’s also garnered $1.3 million from the sale of the 24.04-carat, fancy-yellow Moon of Baroda pendant, which Marilyn Monroe wore to the premiere of her 1953 movie, Gentlemen Prefer Blondes. The piece smashed its estimate of $500,000 to $750,000. An autographed photo of the actress wearing the necklace fetched $35,302, compared with its original estimate of $10,000 to $15,000.

An oval-shaped, 10.04-carat, Burmese pigeon’s blood ruby and diamond ring brought in $7.2 million in line with an expected $6.9 million to $8.7 million. A set of pear brilliant-cut, fancy-pink earrings weighing 5.21 carats and 5.01 carats sold for $4.3 million, within its presale valuation range of $3.8 million to $4.5 million .

Christie’s sold 70% of lots on offer at the auction.

Image: The Peacock Necklace. (Christie’s)

Source: DCLA

Sapphire Necklace Sells for $15M at Christie’s

A rare sapphire necklace was the top seller at Christie’s Magnificent Jewels auction in Hong Kong, which garnered about $60 million in total on Tuesday.

The Peacock Necklace, which had a presale estimate of $12 million to $15 million, became the most expensive Kashmir sapphire necklace per carat in auction history, Christie’s said.

 The piece contains 21 cushion-cut Kashmir sapphires weighing a total of 109.08 carats. It fetched $15 million at the sale, achieving a price of $137,146 per carat.

Christie’s also garnered $1.3 million from the sale of the 24.04-carat, fancy-yellow Moon of Baroda pendant, which Marilyn Monroe wore to the premiere of her 1953 movie, Gentlemen Prefer Blondes. The piece smashed its estimate of $500,000 to $750,000. An autographed photo of the actress wearing the necklace fetched $35,302, compared with its original estimate of $10,000 to $15,000.

An oval-shaped, 10.04-carat, Burmese pigeon’s blood ruby and diamond ring brought in $7.2 million in line with an expected $6.9 million to $8.7 million. A set of pear brilliant-cut, fancy-pink earrings weighing 5.21 carats and 5.01 carats sold for $4.3 million, within its presale valuation range of $3.8 million to $4.5 million .

Christie’s sold 70% of lots on offer at the auction.

Image: The Peacock Necklace. (Christie’s)

Source: DCLA

DCLA has opened a second diamond laboratory

Australia’s International listed and recognised diamond grading laboratory DCLA, has opened a second office under the directorship of Mr Matthew Zamel.

The new office Address 319/38 Gawler Place Adelaide SA 5000 This is the first after 17 years as Australia’s trusted name in diamond analysis certification.

DCLA employs the most qualified, knowledgeable people using the most technologically advanced gemmological equipment and references available worldwide.

DCLA remains the only laboratory who can guarantee all diamonds ever graded are untreated and natural mined origin.

DCLA founded in 2001 is an Australian based company and proudly the only Diamond grading laboratory recognised by international bodies from its founding.

About US

The DCLA is an Australian owned company.

The DCLA shareholders and directors have a heritage of over 3 generations in the industry.

The DCLA directors come from a long line of professional diamond cutters and markers.

Our involvement in the diamond trade has been from Diamond mining and in Africa, to our Cutting works in South Africa and most recently the formation in 2001 of the DCLA laboratory in Australia.

Source: DCLA

DCLA has opened a second diamond laboratory

Australia’s International listed and recognised diamond grading laboratory DCLA, has opened a second office under the directorship of Mr Matthew Zamel.

The new office Address 319/38 Gawler Place Adelaide SA 5000 This is the first after 17 years as Australia’s trusted name in diamond analysis certification.

DCLA employs the most qualified, knowledgeable people using the most technologically advanced gemmological equipment and references available worldwide.

DCLA remains the only laboratory who can guarantee all diamonds ever graded are untreated and natural mined origin.

DCLA founded in 2001 is an Australian based company and proudly the only Diamond grading laboratory recognised by international bodies from its founding.

About US

The DCLA is an Australian owned company.

The DCLA shareholders and directors have a heritage of over 3 generations in the industry.

The DCLA directors come from a long line of professional diamond cutters and markers.

Our involvement in the diamond trade has been from Diamond mining and in Africa, to our Cutting works in South Africa and most recently the formation in 2001 of the DCLA laboratory in Australia.

Source: DCLA

Lucapa Diamonds highest dollar per carat miner dazzles the market

Lucapa Diamond Company is well advanced with a strategic plan to unlock greater wealth from its asset portfolio by expanding production of large, premium value diamonds and continuing exploration programmes to make new discoveries.

Its operations include an extensive exploration programme at its 40% owned Lulo alluvial mine to locate the hardrock source or sources of the exceptional alluvial diamonds and the development of a second high value diamond mine at Mothae in Lesotho.

Source: DCLA