3.72 Carat Diamond found at Crater of Diamonds State Park

A 3.72 Carat diamond was discovered at Arkansas State Park.

Miranda Hollingshead 27 year old of Texas discovered the diamond during her first trip to the park.

Miranda said she was in town visiting siblings and they wanted to do something fun, so they visited the park.

An hour into their search, she found the yellow diamond.

Park officials said recent rainfall in the area likely assisted in the diamond being uncovered.

The 3.72 carat yellow diamond is the biggest one discovered this year, topping the 2.12-carat brown diamond discovered last month.

Source: DCLA

3.72 Carat Diamond found at Crater of Diamonds State Park

A 3.72 Carat diamond was discovered at Arkansas State Park.

Miranda Hollingshead 27 year old of Texas discovered the diamond during her first trip to the park.

Miranda said she was in town visiting siblings and they wanted to do something fun, so they visited the park.

An hour into their search, she found the yellow diamond.

Park officials said recent rainfall in the area likely assisted in the diamond being uncovered.

The 3.72 carat yellow diamond is the biggest one discovered this year, topping the 2.12-carat brown diamond discovered last month.

Source: DCLA

Anna Hu’s 100 Carat Yellow Diamond Necklace

Five pieces created by contemporary high jewelry artist, Anna Hu, will be among the jewels being offered at Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale on October 7.

The high jewels on offer will come from Hu’s latest collection, “Silk Road Music Collection.” Unveiled in Paris during the first week of July, it consists of a group of about a dozen jewels inspired by musical and cultural exchanges that took place on the Silk Road – an ancient trade route connecting the eastern and western parts of the world.

Leading the five pieces at the upcoming auction is the “Dunhuang Pipa Necklace,” set with a 100.02 carat fancy intense yellow diamond provided by Sotheby’s. Its estimate is $5 million – $6.25 million. The silhouette of this necklace resembles a Chinese pipa a four stringed Chinese lute attached to lines of a western musical staff in 18k white gold that flows in twists and waves, and sparkles with pavé diamond along the neckline.

Hu was inspired by images of women playing the pipa depicted on murals in Dunhuang, considered an oasis for travelers in China’s northwest desert area along the Silk Road. The necklace can be transformed into a brooch and earring.

“It is absolutely a pleasure to collaborate with Sotheby’s on this project and be given the opportunity to work with the 100.02 carat yellow diamond, which is a true gift from nature,” Hu said.

Yvonne Chu, acting head of department, Jewellery, Sotheby’s, said this necklace “is one of the most important jewelry pieces on offer this season.”

As with much of Hu’s work, this latest collection combines her passion for music and western art with the Chinese themes from her upbringing in Taiwan. A resident of New York for many years, Hu’s brand is known for creating one-of-a-kind pieces with rare gemstones crafted by skilled French-trained artisans.

Source: DCLA

Anna Hu’s 100 Carat Yellow Diamond Necklace

Five pieces created by contemporary high jewelry artist, Anna Hu, will be among the jewels being offered at Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale on October 7.

The high jewels on offer will come from Hu’s latest collection, “Silk Road Music Collection.” Unveiled in Paris during the first week of July, it consists of a group of about a dozen jewels inspired by musical and cultural exchanges that took place on the Silk Road – an ancient trade route connecting the eastern and western parts of the world.

Leading the five pieces at the upcoming auction is the “Dunhuang Pipa Necklace,” set with a 100.02 carat fancy intense yellow diamond provided by Sotheby’s. Its estimate is $5 million – $6.25 million. The silhouette of this necklace resembles a Chinese pipa a four stringed Chinese lute attached to lines of a western musical staff in 18k white gold that flows in twists and waves, and sparkles with pavé diamond along the neckline.

Hu was inspired by images of women playing the pipa depicted on murals in Dunhuang, considered an oasis for travelers in China’s northwest desert area along the Silk Road. The necklace can be transformed into a brooch and earring.

“It is absolutely a pleasure to collaborate with Sotheby’s on this project and be given the opportunity to work with the 100.02 carat yellow diamond, which is a true gift from nature,” Hu said.

Yvonne Chu, acting head of department, Jewellery, Sotheby’s, said this necklace “is one of the most important jewelry pieces on offer this season.”

As with much of Hu’s work, this latest collection combines her passion for music and western art with the Chinese themes from her upbringing in Taiwan. A resident of New York for many years, Hu’s brand is known for creating one-of-a-kind pieces with rare gemstones crafted by skilled French-trained artisans.

Source: DCLA

It’s The Right Time to Buy Natural Color Diamonds

It’s a good time to buy natural color diamonds. “The recent price declines in the white goods created an overall negative psychological effect on all diamonds. This is probably the reason we also witnessed a decline of 0.1% in the Fancy Color Index in Q2,” said Fancy Color Research Foundation (FCRF) advisory board member Eden Rachminov.

According to the FCRF, yellow diamonds displayed a decline of 0.8% vis-a-vis the 0.2% increase in the second quarter of 2018. The prices of yellow diamonds declined by 0.8% overall in this quarter, primarily influenced by the 1–3 cts. categories, with the sharpest downturn of 2.7% in the 1 ct. category.

Blue diamonds showed a 0.3% decrease in the second quarter of 2019 compared to a 1.5% increase in the same quarter in 2018. Blue diamond prices decreased overall by 0.3%, affected mainly by the decline of 0.9% in the weight category of 8–10 cts.

Only pink diamonds showed an upturn of 0.4% in the second quarter of 2019, compared to a 0.5% decrease in the same quarter in 2018. The pink category continued to outperform all other categories, showing an increase of 0.4%. All fancy vivid pinks rose by 1.3%, with fancy vivid pinks of 2 and 3 cts. showing a rise in the second quarter of 2019, increasing by 2.8% and 2.6%, respectively.

Despite the temporary psychological negative effect at the moment, the long-term price trend for natural color diamonds looks positive. According to research by Knight Frank, within the last 10 years, the price of colored diamonds went up by 85%, outperforming some “classical” luxury investment objects such as art and watches. “It’s definitely a good time to buy colored diamonds now,” says Rachminov.

One of the opportunities to buy is the upcoming True Colors auction by Alrosa, the worlds’ largest diamond miner. The diamonds will be available for viewing during the September Hong Kong Jewellery & Gem Fair (Sept. 16–20). For the first time, the auction will be conducted via the Alrosa online platform diamonds.alrosa. The first True Colors auction was conducted in 2018. It finished with a total sale of 210 diamonds. The bidding was very active, and most of the lots were sold for well above their starting prices.

At this year’s auction, ALROSA is offering a comprehensive origin story for every stone for the first time. Thanks to ALROSA’s traceability programmes, the consumers can witness the diamonds’ fascinating journey from mine and market. “With a closed production cycle, the company can guarantee the origin of every polished diamond, especially since it has its own unique ID,” revealed the miner.

This year, the collection includes about 200 polished diamonds of various shapes and colors, and all have GIA certificates. Each of them is a masterpiece of diamond production created by skillful professionals who put hearts into their work, keep the traditions, and know what a real Russian cut is: Russian cut describes both the origin of the diamond and the location where it was cut.

Alrosa operates its own in-house cutting and polishing branch, Diamonds of Alrosa. Beginning in 2018, it concentrated on fancy colored and unique diamonds. Alrosa’s goal is to become the leader in the colored diamonds market. Being the largest miner, Alrosa expects to be the largest producer of colored diamonds by volume.

Source: DCLA

It’s The Right Time to Buy Natural Color Diamonds

It’s a good time to buy natural color diamonds. “The recent price declines in the white goods created an overall negative psychological effect on all diamonds. This is probably the reason we also witnessed a decline of 0.1% in the Fancy Color Index in Q2,” said Fancy Color Research Foundation (FCRF) advisory board member Eden Rachminov.

According to the FCRF, yellow diamonds displayed a decline of 0.8% vis-a-vis the 0.2% increase in the second quarter of 2018. The prices of yellow diamonds declined by 0.8% overall in this quarter, primarily influenced by the 1–3 cts. categories, with the sharpest downturn of 2.7% in the 1 ct. category.

Blue diamonds showed a 0.3% decrease in the second quarter of 2019 compared to a 1.5% increase in the same quarter in 2018. Blue diamond prices decreased overall by 0.3%, affected mainly by the decline of 0.9% in the weight category of 8–10 cts.

Only pink diamonds showed an upturn of 0.4% in the second quarter of 2019, compared to a 0.5% decrease in the same quarter in 2018. The pink category continued to outperform all other categories, showing an increase of 0.4%. All fancy vivid pinks rose by 1.3%, with fancy vivid pinks of 2 and 3 cts. showing a rise in the second quarter of 2019, increasing by 2.8% and 2.6%, respectively.

Despite the temporary psychological negative effect at the moment, the long-term price trend for natural color diamonds looks positive. According to research by Knight Frank, within the last 10 years, the price of colored diamonds went up by 85%, outperforming some “classical” luxury investment objects such as art and watches. “It’s definitely a good time to buy colored diamonds now,” says Rachminov.

One of the opportunities to buy is the upcoming True Colors auction by Alrosa, the worlds’ largest diamond miner. The diamonds will be available for viewing during the September Hong Kong Jewellery & Gem Fair (Sept. 16–20). For the first time, the auction will be conducted via the Alrosa online platform diamonds.alrosa. The first True Colors auction was conducted in 2018. It finished with a total sale of 210 diamonds. The bidding was very active, and most of the lots were sold for well above their starting prices.

At this year’s auction, ALROSA is offering a comprehensive origin story for every stone for the first time. Thanks to ALROSA’s traceability programmes, the consumers can witness the diamonds’ fascinating journey from mine and market. “With a closed production cycle, the company can guarantee the origin of every polished diamond, especially since it has its own unique ID,” revealed the miner.

This year, the collection includes about 200 polished diamonds of various shapes and colors, and all have GIA certificates. Each of them is a masterpiece of diamond production created by skillful professionals who put hearts into their work, keep the traditions, and know what a real Russian cut is: Russian cut describes both the origin of the diamond and the location where it was cut.

Alrosa operates its own in-house cutting and polishing branch, Diamonds of Alrosa. Beginning in 2018, it concentrated on fancy colored and unique diamonds. Alrosa’s goal is to become the leader in the colored diamonds market. Being the largest miner, Alrosa expects to be the largest producer of colored diamonds by volume.

Source: DCLA

Sotheby’s Expects $26M for Pink Diamond

A 10.64 carat pink diamond ring worth up to $25.5 million will go under the hammer at Sotheby’s Hong Kong sale.

The fancy vivid purplish pink center stone is internally flawless, the auction house told Rapaport News Friday. Sotheby’s will offer the piece, which is flanked by white diamonds, at its Magnificent Jewels and Jadeite sale on October 7. The ring has a presale estimate of $19.1 to $25.5 million USD.

Pink diamonds have historically done well at auction, with the Pink Promise, a 14.93 carat, fancy vivid pink, fetching $32 million USD at Christie’s Hong Kong sale in 2017. In November, Harry Winston purchased the Pink Legacy, an 18.96 carat, fancy vivid pink diamond, at Christie’s Geneva auction for $50.4 million USD.

Prices of pink fancy color diamonds increased 0.4% in the three months ending June 30, outperforming blues and yellows, the Fancy Color Research Foundation noted. The imminent closure of Rio Tinto’s Argyle mine in Australia has contributed to the price rise, as the deposit produces most of the world’s pinks, explained Alan Bronstein, president of the Natural Color Diamond Association.

Source: DCLA