Bubble Gum Pink Diamond Will Lead the Christie’s Sale

A 3.44 ct. fancy vivid purplish-pink diamond (pictured)—which has been dubbed the Bubble Gum Pink—will lead the Christie’s May 28 Hong Kong Magnificent Jewels auction.

The ring, by jewelry design house Moussaieff, carries a $6 million–$8 million estimate.

And for those who prefer diamonds in darker colors, also on offer is a 3.01 ct. fancy vivid blue VS1 diamond, which carries a $4.7 million–$7 million estimate.

fancy vivid blue

fancy-vivid-blue

The ring features a step-cut 3.01 ct. fancy vivid blue diamond flanked by heart-shape brilliant-cut fancy intense purple-pink diamonds.
The auction will also be highlighted by a pair of emerald earrings, the Grand Muzos. Weighing 23.34 and 23.18 cts., the Grand Muzos come from the area of Colombia celebrated for producing the world’s finest emeralds. They carry a $3.8 million–$6.5 million estimate.

The earrings are both oil- and resin-free, so their color and clarity is completely natural, the auction house said. Their clarity is high, it added.

Grand Muzos

Grand-Muzo

The Grand Muzos are a rare pair of oil-free Colombian emeralds.
Also being offered at the Hong Kong sale: a jadeite bead necklace (which carries a $2 million–3 million estimate)l a jadeite cabochon ring (estimate: $580,000–$800,000) and a Bulgari diamond necklace highlighted by an 11.69 ct. flawless/internally flawless diamond and 1.02 ct. fancy vivid green-blue diamond (estimate: $1.6 million–$2.3 million).

“It is our privilege this season to be offering a cross section of the finest diamonds, jewels, and signed pieces to our esteemed collectors,” said Vickie Sek, chairman of Christie’s Jewellery Asia, in a statement. “Striking centerpieces of Christie’s spring sales include both fancy vivid blue and pink diamonds, as well as one of the finest emeralds ever to come to auction. This collection of some of the most prized gems is bound to draw strong interest from collectors around the world as they [look] for pieces of dazzling splendor and unmatched rarity.”

Sek was named chairman of the Christie’s Asia jewelry department last year.

Source: DCLA

Bubble Gum Pink Diamond Will Lead the Christie’s Sale

A 3.44 ct. fancy vivid purplish-pink diamond (pictured)—which has been dubbed the Bubble Gum Pink—will lead the Christie’s May 28 Hong Kong Magnificent Jewels auction.

The ring, by jewelry design house Moussaieff, carries a $6 million–$8 million estimate.

And for those who prefer diamonds in darker colors, also on offer is a 3.01 ct. fancy vivid blue VS1 diamond, which carries a $4.7 million–$7 million estimate.

fancy vivid blue

fancy-vivid-blue

The ring features a step-cut 3.01 ct. fancy vivid blue diamond flanked by heart-shape brilliant-cut fancy intense purple-pink diamonds.
The auction will also be highlighted by a pair of emerald earrings, the Grand Muzos. Weighing 23.34 and 23.18 cts., the Grand Muzos come from the area of Colombia celebrated for producing the world’s finest emeralds. They carry a $3.8 million–$6.5 million estimate.

The earrings are both oil- and resin-free, so their color and clarity is completely natural, the auction house said. Their clarity is high, it added.

Grand Muzos

Grand-Muzo

The Grand Muzos are a rare pair of oil-free Colombian emeralds.
Also being offered at the Hong Kong sale: a jadeite bead necklace (which carries a $2 million–3 million estimate)l a jadeite cabochon ring (estimate: $580,000–$800,000) and a Bulgari diamond necklace highlighted by an 11.69 ct. flawless/internally flawless diamond and 1.02 ct. fancy vivid green-blue diamond (estimate: $1.6 million–$2.3 million).

“It is our privilege this season to be offering a cross section of the finest diamonds, jewels, and signed pieces to our esteemed collectors,” said Vickie Sek, chairman of Christie’s Jewellery Asia, in a statement. “Striking centerpieces of Christie’s spring sales include both fancy vivid blue and pink diamonds, as well as one of the finest emeralds ever to come to auction. This collection of some of the most prized gems is bound to draw strong interest from collectors around the world as they [look] for pieces of dazzling splendor and unmatched rarity.”

Sek was named chairman of the Christie’s Asia jewelry department last year.

Source: DCLA

RUSSIA: SYNTHETICS TO BE MARKED WITH SPECIAL CODE

Russia proposes to differentiate synthetics from natural diamonds starting 2022

RUSSIAN SYNTHETIC DIAMONDS

Aleksey Moiseev, Russia’s Deputy Finance Minister, said that the diamond industry must support initiatives to “classify synthetic diamond products for customs clearance under separate product codes”. According to Rough & Polished, Moiseev broached the subject in a meeting with Alok Vardhan Chaturvedi, Chairman of the Kimberley Process, and Ambassador of the Republic of India to Russia, D. Bala Venkatesh Varma. Russia will become KP chair in 2020.

Moiseev said that his country is working to promote this within the KP, and that the new system, which will be implemented (pending authorisation) starting January 1, 2022, will include the implementation of special 6-digit codes (HS codes) for synthetic rough stones and diamonds: 7104 21 and 7104 91 respectively.

Moiseev said: “We hope that India will actively support our work at the national level, ensuring the adoption of separate customs codes for synthetic diamonds in India, tightening the regulation of the domestic market to ensure consumer protection. Russia has already passed a law prohibiting synthetics from being called precious stones”.

Source: israelidiamond

RUSSIA: SYNTHETICS TO BE MARKED WITH SPECIAL CODE

Russia proposes to differentiate synthetics from natural diamonds starting 2022

RUSSIAN SYNTHETIC DIAMONDS

Aleksey Moiseev, Russia’s Deputy Finance Minister, said that the diamond industry must support initiatives to “classify synthetic diamond products for customs clearance under separate product codes”. According to Rough & Polished, Moiseev broached the subject in a meeting with Alok Vardhan Chaturvedi, Chairman of the Kimberley Process, and Ambassador of the Republic of India to Russia, D. Bala Venkatesh Varma. Russia will become KP chair in 2020.

Moiseev said that his country is working to promote this within the KP, and that the new system, which will be implemented (pending authorisation) starting January 1, 2022, will include the implementation of special 6-digit codes (HS codes) for synthetic rough stones and diamonds: 7104 21 and 7104 91 respectively.

Moiseev said: “We hope that India will actively support our work at the national level, ensuring the adoption of separate customs codes for synthetic diamonds in India, tightening the regulation of the domestic market to ensure consumer protection. Russia has already passed a law prohibiting synthetics from being called precious stones”.

Source: israelidiamond

Trade Mourns Death of Leo Schachter

Leo Schachter, whose famed international diamond company has borne his name for almost 70 years, has died.

Schachter launched Beck and Schachter Company on New York’s 47th Street in 1952, having learned the trade from his father, Max. The firm became a De Beers sightholder in 1966, and expanded beyond the US to Israel, Africa and the Far East.

It remained a family business, with many of Schachter’s five daughters and five sons-in-law becoming involved. The company moved its main sales and distributions to Tel Aviv in 1982, and in 1984 opened a cutting factory in Botswana. In 2016, the firm — now simply called Leo Schachter — joined Alrosa’s contract-sales program.

“[Schachter] looked you straight in the eye, didn’t say that much, but quietly knew everything,” said Martin Rapaport, Chairman of the Rapaport Group. “He was straight and his advice, soft-spoken, was honest and good. He was generous with his wisdom. Someone you could look up to. I liked him and he liked me. Leo’s passing represents the end of a generation of great diamantaires.”

Schachter was an “icon of the diamond industry” and a longtime member of the Diamond Manufacturers & Importers of America (DMIA), added Ronnie VanderLinden, the DMIA’s president, in a statement.

Source: Diamonds.net

Trade Mourns Death of Leo Schachter

Leo Schachter, whose famed international diamond company has borne his name for almost 70 years, has died.

Schachter launched Beck and Schachter Company on New York’s 47th Street in 1952, having learned the trade from his father, Max. The firm became a De Beers sightholder in 1966, and expanded beyond the US to Israel, Africa and the Far East.

It remained a family business, with many of Schachter’s five daughters and five sons-in-law becoming involved. The company moved its main sales and distributions to Tel Aviv in 1982, and in 1984 opened a cutting factory in Botswana. In 2016, the firm — now simply called Leo Schachter — joined Alrosa’s contract-sales program.

“[Schachter] looked you straight in the eye, didn’t say that much, but quietly knew everything,” said Martin Rapaport, Chairman of the Rapaport Group. “He was straight and his advice, soft-spoken, was honest and good. He was generous with his wisdom. Someone you could look up to. I liked him and he liked me. Leo’s passing represents the end of a generation of great diamantaires.”

Schachter was an “icon of the diamond industry” and a longtime member of the Diamond Manufacturers & Importers of America (DMIA), added Ronnie VanderLinden, the DMIA’s president, in a statement.

Source: Diamonds.net

First ever rough laboratory grown diamonds go on tender

The Dubai Multi-Commodities Centre, or DMCC, will host the first-ever rough laboratory grown diamonds tender on its Dubai Diamond Exchange.

The tender is organised and managed by Tony’s Auction World – diamond traders based in Hong Kong – with viewings of Chemical Vapour Deposition (CVD) rough lab-grown diamonds – approximately 50 000 carats in 55 parcels – taking place on 11, 12 and 13 May.

As a member of the World Federation of Diamond Bourses (WFDB), the Dubai Diamond Exchange is subject to all the organisation’s laws and must be compliant with its stringent regulations.

“Our commitment to facilitating open and transparent trade is unwavering, as is our support for the natural diamond industry.

Ensuring the integrity of the sales process is of paramount importance, and that is why lab-grown diamonds tenders will only take place on the exchange trading floor when both the seller and buyer can clearly evidence that the disclosure, detection and differentiation process has been adhered to,” says Ahmed Bin Sulayem, executive chairman and CEO of DMCC.

According to the exchange and its ‘Code of Business Conduct’, all tender participants must follow a robust due diligence process and provide evidence that lab-grown diamonds are sold and stored separately to natural diamonds.

Tender participants are required to clearly disclose and differentiate the product, with lab-grown diamonds and natural diamonds traded entirely separately.

Scientific equipment commonly available in certification labs across the world can clearly and easily identify laboratory grown diamonds and distinguish them from the natural product.

Research indicated that laboratory grown diamonds make up around 2% of the total diamond jewellery market, but production is growing by 15-20% a year.

“We are proud to stage in Dubai the first laboratory-grown diamonds tender in the world. Lab-grown diamonds offer a different value proposition to natural diamonds and trading them in a regulated and open platform increases the transparency and legitimacy of the sales process,” concludes Rushabh Mehta, CEO of Tony’s Auction World.

Source: DCLA