21 Carat Colombian Emerald Sells For Nearly $1.2 Million

A 21.52 carat untreated Colombian emerald fetched nearly $1.2 million at Phillips Hong Kong Jewels and Jadeite July auction. The gem sold within estimates all sales include buyer’s premium. Described by the auction house as “exceptional and very rare,” it was the top lot in an otherwise mixed sale where several important lots were left on the block.

Among the items that didn’t sell was the top lot heading into the auction: a 20.25 carat internally flawless fancy vivid yellow diamond set on a diamond ring. Its estimate was $1.1 million to $1.5 million. It was withdrawn prior to the sale. Another item that was withdrawn was a necklace featuring 11 fine oval jadeite cabochons surrounded by brilliant cut diamonds and linked by marquise and pear shaped diamonds set on 18k white gold. Its estimate was $808,000- $1 million.

In addition, a very fine pair of fine jadeite cabochon earrings set on white gold did make it to the block but failed to find a bidder. Its estimate was $750,000 to $1.1 million.

Harry Winston 12.55 carat diamond ring sold for $1.1 million PHILLIPS

An important signed jewel that failed to attract a buyer was a one of a kind Peacock bangle by Chopard. The elaborate high jewelry creation is notable for its resplendent tail feathers that wrap around the wearer’s wrist. This design, marked by numerous details, is adorned with 7,500 gems that required hundreds of hours of study and work. Its estimate was $230,000 to $280,000.

Items that did do well in the sale held on July 8 at the JW Marriott Hong Kong were signed Harry Winston jewels and emeralds, such as the top lot.

Harry Winston Colombian emerald and diamond ear clips sold for $370,960 PHILLIPS

The number two lot in the sale was a a 12.55 carat rectangular step-cut diamond set on a vintage platinum ring, 1953. The D/IF type IIa diamond sold for $1.1 million, within estimates. In addition, a “very fine” pair of 4.52 and 4.44 carat step-cut Colombian “no oil” emerald and diamond ear clips from the famed New York jeweler sold for $370,960, within estimates. A pair of classic diamond cluster ear clips totaling 21.63 carats sold for $209,673, within estimates.

A 6.38 carat cushion-shaped emerald mounted on a platinum and 18k gold ring surrounded by diamonds by Bulgari fetched $403,218, within estimates.

Karen Suen conch pearl, pink diamond and diamond necklace sold for $217,737 PHILLIPS

Three jewels featuring gem quality conch pearls by contemporary Hong Kong jewelry designer, Karen Suen, were part of the sale. One of the three jewels, a conch pearl, pink diamond and diamond necklace fetched $217,737, within estimates. The other pieces, a pair of earrings and a ring made of conch pearls and diamonds failed to sell.

Source: DCLA

21 Carat Colombian Emerald Sells For Nearly $1.2 Million

A 21.52 carat untreated Colombian emerald fetched nearly $1.2 million at Phillips Hong Kong Jewels and Jadeite July auction. The gem sold within estimates all sales include buyer’s premium. Described by the auction house as “exceptional and very rare,” it was the top lot in an otherwise mixed sale where several important lots were left on the block.

Among the items that didn’t sell was the top lot heading into the auction: a 20.25 carat internally flawless fancy vivid yellow diamond set on a diamond ring. Its estimate was $1.1 million to $1.5 million. It was withdrawn prior to the sale. Another item that was withdrawn was a necklace featuring 11 fine oval jadeite cabochons surrounded by brilliant cut diamonds and linked by marquise and pear shaped diamonds set on 18k white gold. Its estimate was $808,000- $1 million.

In addition, a very fine pair of fine jadeite cabochon earrings set on white gold did make it to the block but failed to find a bidder. Its estimate was $750,000 to $1.1 million.

Harry Winston 12.55 carat diamond ring sold for $1.1 million PHILLIPS

An important signed jewel that failed to attract a buyer was a one of a kind Peacock bangle by Chopard. The elaborate high jewelry creation is notable for its resplendent tail feathers that wrap around the wearer’s wrist. This design, marked by numerous details, is adorned with 7,500 gems that required hundreds of hours of study and work. Its estimate was $230,000 to $280,000.

Items that did do well in the sale held on July 8 at the JW Marriott Hong Kong were signed Harry Winston jewels and emeralds, such as the top lot.

Harry Winston Colombian emerald and diamond ear clips sold for $370,960 PHILLIPS

The number two lot in the sale was a a 12.55 carat rectangular step-cut diamond set on a vintage platinum ring, 1953. The D/IF type IIa diamond sold for $1.1 million, within estimates. In addition, a “very fine” pair of 4.52 and 4.44 carat step-cut Colombian “no oil” emerald and diamond ear clips from the famed New York jeweler sold for $370,960, within estimates. A pair of classic diamond cluster ear clips totaling 21.63 carats sold for $209,673, within estimates.

A 6.38 carat cushion-shaped emerald mounted on a platinum and 18k gold ring surrounded by diamonds by Bulgari fetched $403,218, within estimates.

Karen Suen conch pearl, pink diamond and diamond necklace sold for $217,737 PHILLIPS

Three jewels featuring gem quality conch pearls by contemporary Hong Kong jewelry designer, Karen Suen, were part of the sale. One of the three jewels, a conch pearl, pink diamond and diamond necklace fetched $217,737, within estimates. The other pieces, a pair of earrings and a ring made of conch pearls and diamonds failed to sell.

Source: DCLA

Over 4,000 diamonds seized in Lucapa

At least 4,429 unevaluated diamond stones in the possession of a French citizen were seized last Sunday in Lucapa, eastern Lunda Norte province, National Police have said. ,

The detention was a result of a police investigation following several tip offs on clandestine sale and purchase of diamonds in the residence of the French citizen, said the police note reached Angop.

The operation also led to the seizure of USD 3,350 euros, two scales, three magnifying glasses, four diamond shovels. 

The transparency operation which was extended to the maritime coast in March 2019 aimed to curb diamond traffic and illegal migration.

The French citizen has been detained and will be forwarded to the Public Ministry Office in the next days.    

From January to May this year 125 diamond tones (still to be rated), USD 1,700 and 55,000 kwanzas were seized.

Source: DCLA

Over 4,000 diamonds seized in Lucapa

At least 4,429 unevaluated diamond stones in the possession of a French citizen were seized last Sunday in Lucapa, eastern Lunda Norte province, National Police have said. ,

The detention was a result of a police investigation following several tip offs on clandestine sale and purchase of diamonds in the residence of the French citizen, said the police note reached Angop.

The operation also led to the seizure of USD 3,350 euros, two scales, three magnifying glasses, four diamond shovels. 

The transparency operation which was extended to the maritime coast in March 2019 aimed to curb diamond traffic and illegal migration.

The French citizen has been detained and will be forwarded to the Public Ministry Office in the next days.    

From January to May this year 125 diamond tones (still to be rated), USD 1,700 and 55,000 kwanzas were seized.

Source: DCLA

Belgium’s Diamond Shipments Drop Further

Belgium’s diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier drops in April and May, when the global industry shut due to the coronavirus. US orders rose 4% to $173 million in June, indicating a gradual recovery as the important retail market reopened.

Belgium Trade Data for June 2020
	June 2020	Year-on-year change
Polished exports	$469M	-44%
Polished imports	$350M	-66%
Net polished exports	$120M	2019: Deficit of $185M
Rough imports	$351M	-48%
Rough exports	$237M	-71%
Net rough imports	$114M	2019: Deficit of $125M
Net diamond account	$6M	2019: Deficit of $60M
Polished exports: volume	146,350 carats	-60%
Average price of polished exports	$3,206/carat	40%
	1H 2020	Year-on-year change
Polished exports	$2.49B	-58%
Polished imports	$2.51B	-59%
Net polished exports	-$14M	Deficit decreased 95%
Rough imports	$2.75B	-37%
Rough exports	$2.25B	-55%
Net rough imports	$494M	2019: Deficit of $621M
Net diamond account	-$508M	2019: Surplus of $360M
Polished exports: volume	1.2 million carats	-46%
Average price of polished exports	$2,097/carat	-21%

Source: Antwerp World Diamond Centre; Rapaport archives

About the data: Belgium is usually a net exporter of polished diamonds. As such, net polished exports — representing polished exports minus polished imports — will normally be a positive number. The nation is also a net exporter of rough. While Antwerp is home to some high-value manufacturing, its main role in the market is as a facilitator of rough-diamond trading, with companies from around the world coming to the city to buy rough. The net diamond account is total rough and polished exports minus total imports. It is Belgium’s diamond trade balance, and shows the added value the nation creates by exporting rough or manufacturing it into polished.

Source: DCLA

Belgium’s Diamond Shipments Drop Further

Belgium’s diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier drops in April and May, when the global industry shut due to the coronavirus. US orders rose 4% to $173 million in June, indicating a gradual recovery as the important retail market reopened.

Belgium Trade Data for June 2020
	June 2020	Year-on-year change
Polished exports	$469M	-44%
Polished imports	$350M	-66%
Net polished exports	$120M	2019: Deficit of $185M
Rough imports	$351M	-48%
Rough exports	$237M	-71%
Net rough imports	$114M	2019: Deficit of $125M
Net diamond account	$6M	2019: Deficit of $60M
Polished exports: volume	146,350 carats	-60%
Average price of polished exports	$3,206/carat	40%
	1H 2020	Year-on-year change
Polished exports	$2.49B	-58%
Polished imports	$2.51B	-59%
Net polished exports	-$14M	Deficit decreased 95%
Rough imports	$2.75B	-37%
Rough exports	$2.25B	-55%
Net rough imports	$494M	2019: Deficit of $621M
Net diamond account	-$508M	2019: Surplus of $360M
Polished exports: volume	1.2 million carats	-46%
Average price of polished exports	$2,097/carat	-21%

Source: Antwerp World Diamond Centre; Rapaport archives

About the data: Belgium is usually a net exporter of polished diamonds. As such, net polished exports — representing polished exports minus polished imports — will normally be a positive number. The nation is also a net exporter of rough. While Antwerp is home to some high-value manufacturing, its main role in the market is as a facilitator of rough-diamond trading, with companies from around the world coming to the city to buy rough. The net diamond account is total rough and polished exports minus total imports. It is Belgium’s diamond trade balance, and shows the added value the nation creates by exporting rough or manufacturing it into polished.

Source: DCLA

Two Fancy Colored Heart Shaped Diamonds

Two hearts, one blue, the other pink, will appear at Sotheby’s Hong Kong Magnificent Jewels auction as if they were always meant to be together. They will be sold separately during the July 10 sale at the Hong Kong Convention & Exhibition Centre. Combined, their high estimate is $18.5 million.

The first is a 5.04 carat fancy vivid blue heart modified brilliant-cut diamond. The gem has a VS2 clarity grade, according to its lab report. The heart-shaped gem is mounted on a platinum ring flanked by two pear-shaped diamonds. Its estimate is between $7.7 million and $9.7 million.

Its would-be partner is a 4.49-carat heart modified brilliant-cut, internally flawless, fancy vivid pink diamond. It’s mounted on an 18k white gold ring flanked by pear-shaped diamonds. Its estimate is between $7.5 million and $8.8 million.

Source: DCLA