SELL YOUR DIAMOND

DCLA can help you sell or auction your diamond jewellery and get you the correct value:

If you are you considering selling your diamond, but feel as though you have no idea how or where to begin with the process?

This article will give you a few tips to help you along the way.

TIP #1 Diamonds are usually given to display love, making the sentimental value higher to the seller than the actual value to a buyer. Should you be in the market to sell your diamond, make sure you are ready to part with the diamond before beginning the process.

TIP #2 Be sure of the quality and authenticity of what you are trying to sell. Make sure of the quality and the grade of the stone. This is most important for the ultimate value of the diamond. There have been many instances where a seller is committed to selling their diamond only to find out the quality isn’t as described when originally purchased.

There are Jewellers or services available, who will give an unbiased assessment of your stone. But it is far more valuable in the long run to get a report from a recognised Laboratory.

It is also recommended to verify the report matches the Laser inscription before placing your diamond on the market, to assure your diamond is the same stone should it not sell.

TIP #3 Now that you have an accurate report of the quality, make sure you get a realistic selling value. Believing the diamond holds a higher value than it truly possesses will lead to a challenging, frustrating experience which can be dragged out.

An appraiser can assist you with determining a fair selling, price so you can avoid this pitfall. Diamonds are priced in US dollars, so your diamonds price will be affected when converted to your local currency.

A good way to see current retail values is to visit online stores like www.dcladiamondexchange.com.au or bluenile.com.

TIP #4 There are many ways to sell a preloved diamond or diamond jewellery. Research your selling options to make an educated decision that works best for you. Be it an online market or exploring options through a local jeweller or dealer, be sure you are using the best option for your needs.

Example, if time is not of the essence, an online market or an auction house could be the best way forward. If you want a quick sale, visiting your local dealer may be the best option.

DCLA Diamond Laboratory provides an internationally recognised and respected report to any seller or prospective buyer.

DCLA will provide you with an experience expert to advise you and give you the accurate value protecting you when selling. Our goal is to provide you with as much knowledge as possible.

Visit www.dcla.com.au for information advice or to make an appointment.

Or call us on 1300 413 425 or Sydney 02 92612104

SELL YOUR DIAMOND

DCLA can help you sell or auction your diamond jewellery and get you the correct value:

If you are you considering selling your diamond, but feel as though you have no idea how or where to begin with the process?

This article will give you a few tips to help you along the way.

TIP #1 Diamonds are usually given to display love, making the sentimental value higher to the seller than the actual value to a buyer. Should you be in the market to sell your diamond, make sure you are ready to part with the diamond before beginning the process.

TIP #2 Be sure of the quality and authenticity of what you are trying to sell. Make sure of the quality and the grade of the stone. This is most important for the ultimate value of the diamond. There have been many instances where a seller is committed to selling their diamond only to find out the quality isn’t as described when originally purchased.

There are Jewellers or services available, who will give an unbiased assessment of your stone. But it is far more valuable in the long run to get a report from a recognised Laboratory.

It is also recommended to verify the report matches the Laser inscription before placing your diamond on the market, to assure your diamond is the same stone should it not sell.

TIP #3 Now that you have an accurate report of the quality, make sure you get a realistic selling value. Believing the diamond holds a higher value than it truly possesses will lead to a challenging, frustrating experience which can be dragged out.

An appraiser can assist you with determining a fair selling, price so you can avoid this pitfall. Diamonds are priced in US dollars, so your diamonds price will be affected when converted to your local currency.

A good way to see current retail values is to visit online stores like www.dcladiamondexchange.com.au or bluenile.com.

TIP #4 There are many ways to sell a preloved diamond or diamond jewellery. Research your selling options to make an educated decision that works best for you. Be it an online market or exploring options through a local jeweller or dealer, be sure you are using the best option for your needs.

Example, if time is not of the essence, an online market or an auction house could be the best way forward. If you want a quick sale, visiting your local dealer may be the best option.

DCLA Diamond Laboratory provides an internationally recognised and respected report to any seller or prospective buyer.

DCLA will provide you with an experience expert to advise you and give you the accurate value protecting you when selling. Our goal is to provide you with as much knowledge as possible.

Visit www.dcla.com.au for information advice or to make an appointment.

Or call us on 1300 413 425 or Sydney 02 92612104

Diamond Store’s Shutdown Leaves Customers Seeking Gems, Money And Answers

A popular diamond business appears to have abruptly shut down, leaving paying customers without their jewelry.

The company website says it is not accepting orders and a growing number of disgruntled Enchanted Diamonds customers like Rebecca Zuzula say they never received the precious stones they paid for.

“Many of us wired the money,” said Zuzula. “Several used a credit card but as of maybe the first week of June or so, we quit hearing back from the owner.”

The Better Business Bureau in New York City says it has recently received 24 complaints from consumers in 11 states about transactions with Enchanted Diamonds.

Zuzula says her jewelry was supposed to be an anniversary gift from her husband.

She claims Enchanted Diamonds president Joshua Niamehr took their money and disappeared.

“I think he stole more than money from people,” said Zuzula. “I think he stole their memories.”

Several customers originally discovered Enchanted Diamonds on the website RareCarat, a search engine for diamonds and diamond dealers.

Ajay Anand, the CEO of Rare Carat, tells CBS2 it will file a lawsuits and pay legal fees for those claiming to be victims of Enchanted Diamonds whether they used his site to find the company or not.

He says he’s heard from more than 60 alleged victims.

“We did everything we could to vet this company,” said Anand. “This was unforeseeable. I think all the evidence will point to that.”

CBS2’s attempts to contact the president of Enchanted Diamonds were unsuccessful.

Some frustrated customers say they plan to sue.

The Better Business Bureau says anyone who thinks they’re a victim should file a complaint with them or a report with the New York state attorney general.

Source: DCLA

Diamond Store’s Shutdown Leaves Customers Seeking Gems, Money And Answers

A popular diamond business appears to have abruptly shut down, leaving paying customers without their jewelry.

The company website says it is not accepting orders and a growing number of disgruntled Enchanted Diamonds customers like Rebecca Zuzula say they never received the precious stones they paid for.

“Many of us wired the money,” said Zuzula. “Several used a credit card but as of maybe the first week of June or so, we quit hearing back from the owner.”

The Better Business Bureau in New York City says it has recently received 24 complaints from consumers in 11 states about transactions with Enchanted Diamonds.

Zuzula says her jewelry was supposed to be an anniversary gift from her husband.

She claims Enchanted Diamonds president Joshua Niamehr took their money and disappeared.

“I think he stole more than money from people,” said Zuzula. “I think he stole their memories.”

Several customers originally discovered Enchanted Diamonds on the website RareCarat, a search engine for diamonds and diamond dealers.

Ajay Anand, the CEO of Rare Carat, tells CBS2 it will file a lawsuits and pay legal fees for those claiming to be victims of Enchanted Diamonds whether they used his site to find the company or not.

He says he’s heard from more than 60 alleged victims.

“We did everything we could to vet this company,” said Anand. “This was unforeseeable. I think all the evidence will point to that.”

CBS2’s attempts to contact the president of Enchanted Diamonds were unsuccessful.

Some frustrated customers say they plan to sue.

The Better Business Bureau says anyone who thinks they’re a victim should file a complaint with them or a report with the New York state attorney general.

Source: DCLA

Christie’s Breaks Records with $109M Auction

Christie’s Maharajas & Mughal Magnificence sale brought in more than $109 million, the highest total for any auction featuring Indian art.

The top lot was a Belle Époque brooch, created by Cartier in 1912, which fetched $10.6 million at the New York auction on Wednesday. The piece features a number of diamonds, including a pear brilliant-cut, 34.08-carat, E-color, VS1-clarity, and an oval brilliant-cut, 23.55-carat, D-color, VVS2-clarity stone. The brooch had a pre-sale estimate of $10 million to $15 million.

Other notable items included The Mirror of Paradise, a rectangular-cut, 52.58-carat, D-color, type IIa, internally flawless diamond ring, which sold for $6.5 million, below its low-end estimate of $7 million. The Shah Jahan dagger, named for India’s fifth Mughal emperor, sold for $3.4 million, and set a record price for an Indian jade object and a record price for a piece with Shah Jahan provenance.

Christie’s also sold The Arcot II, a pear-shaped, brilliant-cut, 17.21-carat diamond, found in India’s Golconda region in the late 18th century. The stone — given to Queen Charlotte of Great Britain by the regional ruler of India, the Nawab of Arcot — garnered $3.4 million, within its presale value of $2 million to $4 million.

Signed pieces by Cartier and contemporary jewels by JAR and Bhagat also did well, greatly exceeding their estimates, Christie’s noted, with all items on offer selling.

“The strong results today, after 12 hours of non-stop bidding, in front of a packed room and with phone and online bidders from all over the world, reflect the exceptional quality of this special collection and position it among the most storied private collections ever featured at auction,” said Christie’s CEO Guillaume Cerutti.

The sale also ranks as the second-highest auction total for a private jewelry collection, coming from the Al-Thani dynasty, the ruling family of Qatar. The highest total for a private collection is held by The Legendary Jewels — the Elizabeth Taylor’s collection — which garnered $115.9 million.

Overall, Christie’s sold 93% of the lots on offer at this week’s sale.

Source: DCLA

Christie’s Breaks Records with $109M Auction

Christie’s Maharajas & Mughal Magnificence sale brought in more than $109 million, the highest total for any auction featuring Indian art.

The top lot was a Belle Époque brooch, created by Cartier in 1912, which fetched $10.6 million at the New York auction on Wednesday. The piece features a number of diamonds, including a pear brilliant-cut, 34.08-carat, E-color, VS1-clarity, and an oval brilliant-cut, 23.55-carat, D-color, VVS2-clarity stone. The brooch had a pre-sale estimate of $10 million to $15 million.

Other notable items included The Mirror of Paradise, a rectangular-cut, 52.58-carat, D-color, type IIa, internally flawless diamond ring, which sold for $6.5 million, below its low-end estimate of $7 million. The Shah Jahan dagger, named for India’s fifth Mughal emperor, sold for $3.4 million, and set a record price for an Indian jade object and a record price for a piece with Shah Jahan provenance.

Christie’s also sold The Arcot II, a pear-shaped, brilliant-cut, 17.21-carat diamond, found in India’s Golconda region in the late 18th century. The stone — given to Queen Charlotte of Great Britain by the regional ruler of India, the Nawab of Arcot — garnered $3.4 million, within its presale value of $2 million to $4 million.

Signed pieces by Cartier and contemporary jewels by JAR and Bhagat also did well, greatly exceeding their estimates, Christie’s noted, with all items on offer selling.

“The strong results today, after 12 hours of non-stop bidding, in front of a packed room and with phone and online bidders from all over the world, reflect the exceptional quality of this special collection and position it among the most storied private collections ever featured at auction,” said Christie’s CEO Guillaume Cerutti.

The sale also ranks as the second-highest auction total for a private jewelry collection, coming from the Al-Thani dynasty, the ruling family of Qatar. The highest total for a private collection is held by The Legendary Jewels — the Elizabeth Taylor’s collection — which garnered $115.9 million.

Overall, Christie’s sold 93% of the lots on offer at this week’s sale.

Source: DCLA

De Beers Can Do More, Botswana Group Says

A Botswana employers’ advocacy group has called out De Beers for failing to provide substantial opportunities for the country’s businesspeople.

“The benefits deriving from the diamond industry have unfortunately not been enjoyed by Batswana entrepreneurs,” Gobusamang Keebine, president of Business Botswana, said in a speech during the fifth regional High Level Consultative Conference (HLCC) in Francistown on Saturday. A transcript was posted on the Botswana government’s Facebook page.

“[De Beers] has done very little to add to economic activity in Botswana and improve Batswana business participation in the industry,” he stressed.

De Beers is about to start negotiations on a new supply and marketing agreement with the Botswana government, as the current contract expires in 2020. While the sales partnership between the two has created more than 3,600 jobs for local citizens, the bulk of those were lower-level positions, and there has been little change over the years, Keebine noted.

The current 10-year agreement from 2011 led De Beers to relocate its sorting and sales operations from London to Gaborone – a move that failed to offer prospects for local entrepreneurs, Keebine claimed. The miner should learn from Chinese businesses operating in Botswana’s construction center, who have been transferring their skills to locals, he urged.

Keebine also took aim at Okavango Diamond Company, which was created in 2012 to sell 15% of local mining company Debswana’s production on behalf of the government. While Okavango is operating as a commercial entity, it doesn’t promote beneficiation and citizen empowerment, he said.

Business Botswana has asked the government to allow it to participate in negotiations with De Beers, as the company’s supply agreement is up for renewal in 2020. “It is imperative that a greater sense of urgency is given to reforms that will ensure that Batswana entrepreneurs are able to benefit,” Keebine added.

A De Beers spokesperson dismissed the critique, arguing that the company leads the industry in terms of developing prospects for local entrepreneurs.

“De Beers Group has a long and proud history of creating value and opportunities for Batswana and we will continue to do so,” David Johnson, head of strategic communications for De Beers, told Rapaport News Monday. “Our beneficiation approach is underpinned by a system…that creates the most value in [the] country by skills transfer and local rough-diamond utilization.”

The relocation of the company’s sightholder sales to Gaborone has had a significant positive impact on the country as well, Johnson points out. “[It] has been instrumental in developing Batswana professionals in key business management roles.”

The miner supports a number of initiatives which benefit the country’s professionals as well, including a leadership program with the Stanford Graduate School of Business; the Tokafala enterprise development program, which offers small, micro and medium-sized businesses mentoring and access to market; and a partnership with UN Women to support female entrepreneurs, Johnson added.

Source: DCLA