Harry Winston Wins Top Item at Christie’s NY

 

Christie’s sold a Kashmir sapphire and diamond bracelet to Harry Winston for $6 million on Tuesday, kicking off the December New York Magnificent Jewels season.

The piece, which led the auction house’s New York sale, featured a 43.10-carat sapphire surrounded by 67.90 carats of D-color, internally flawless diamonds. The final price fell within the estimate of $5 million to $7 million that Christie’s had given ahead of the sale.

“We are very proud to have purchased this extraordinary Kashmir sapphire, which joins the ranks of the finest diamonds and colored gemstones acquired by Winston to form our superb Legacy Collection,” Harry Winston CEO Nayla Hayek said in a statement Tuesday.

Christie’s brought in $44.6 million at the 10-hour Magnificent Jewels auction, with 95% of items selling by value and 91% by lot, it reported. Bidders took part from 39 countries, with the final sales total equal to 118% of the items’ combined low estimates.

Sapphires were a theme at the sale: A 1917 Van Cleef & Arpels ring featuring a 21.72-carat cabochon Kashmir sapphire ring went for $1.7 million, while a necklace with an 80.86-carat Burma sapphire in the center fetched $1.1 million. Meanwhile, a Cartier brooch set with an Art Deco Kashmir sapphire weighing 12.64 carats, formerly from the collection of Jean Stralem, realized $1.5 million.

Other highlights included a pair of earrings containing fancy-intense-purplish-pink and fancy-intense-pink diamonds, weighing 2.61 and 2.34 carats. The piece sold for $2.1 million.

The auction preceded the Sotheby’s New York Magnificent Jewels sale, which takes place Wednesday. A ring featuring a fancy-vivid-pink diamond flanked by two fancy-intense-blue diamonds — estimated at up to $12 million — will headline that event.

Source: DCLA

Harry Winston Wins Top Item at Christie’s NY

 

Christie’s sold a Kashmir sapphire and diamond bracelet to Harry Winston for $6 million on Tuesday, kicking off the December New York Magnificent Jewels season.

The piece, which led the auction house’s New York sale, featured a 43.10-carat sapphire surrounded by 67.90 carats of D-color, internally flawless diamonds. The final price fell within the estimate of $5 million to $7 million that Christie’s had given ahead of the sale.

“We are very proud to have purchased this extraordinary Kashmir sapphire, which joins the ranks of the finest diamonds and colored gemstones acquired by Winston to form our superb Legacy Collection,” Harry Winston CEO Nayla Hayek said in a statement Tuesday.

Christie’s brought in $44.6 million at the 10-hour Magnificent Jewels auction, with 95% of items selling by value and 91% by lot, it reported. Bidders took part from 39 countries, with the final sales total equal to 118% of the items’ combined low estimates.

Sapphires were a theme at the sale: A 1917 Van Cleef & Arpels ring featuring a 21.72-carat cabochon Kashmir sapphire ring went for $1.7 million, while a necklace with an 80.86-carat Burma sapphire in the center fetched $1.1 million. Meanwhile, a Cartier brooch set with an Art Deco Kashmir sapphire weighing 12.64 carats, formerly from the collection of Jean Stralem, realized $1.5 million.

Other highlights included a pair of earrings containing fancy-intense-purplish-pink and fancy-intense-pink diamonds, weighing 2.61 and 2.34 carats. The piece sold for $2.1 million.

The auction preceded the Sotheby’s New York Magnificent Jewels sale, which takes place Wednesday. A ring featuring a fancy-vivid-pink diamond flanked by two fancy-intense-blue diamonds — estimated at up to $12 million — will headline that event.

Source: DCLA

Lucapa 100-carat diamond bonanza continues

 

Lucapa Diamond Company has recovered the 16th 100 plus carat diamond from the Lulo alluvial mine in Angola, Africa.

The 127 carat gem quality white stone is the third 100 plus carat diamond delivered this year.

Lucapa recovered the stone from the flood plain area in Mining Block 24 the first 100 plus carat diamond produced in this mining block.

It was found during Lucapa’s dry season operations.

“The recovery of this 127 carat stone, which is Lulo’s 16th 100 plus carat diamond recovered, continues to showcase the exceptional nature of the lulo alluvial deposit and highlights the potential of the mining campaign planned for these previously untouched and expansive leziria areas along the Cacuilo River,” Lucapa managing director Stephen Wetherall said.

The discovery was preceded by a 46 carat pink coloured diamond recovered at the Lulo mine last week. It was cut and polished into three diamonds.

Meanwhile, the largest stone in carat found at Lulo was a 404 carat diamond the largest recorded gem in Angola, which was discovered in 2016.

Source: DCLA

Lucapa 100-carat diamond bonanza continues

 

Lucapa Diamond Company has recovered the 16th 100 plus carat diamond from the Lulo alluvial mine in Angola, Africa.

The 127 carat gem quality white stone is the third 100 plus carat diamond delivered this year.

Lucapa recovered the stone from the flood plain area in Mining Block 24 the first 100 plus carat diamond produced in this mining block.

It was found during Lucapa’s dry season operations.

“The recovery of this 127 carat stone, which is Lulo’s 16th 100 plus carat diamond recovered, continues to showcase the exceptional nature of the lulo alluvial deposit and highlights the potential of the mining campaign planned for these previously untouched and expansive leziria areas along the Cacuilo River,” Lucapa managing director Stephen Wetherall said.

The discovery was preceded by a 46 carat pink coloured diamond recovered at the Lulo mine last week. It was cut and polished into three diamonds.

Meanwhile, the largest stone in carat found at Lulo was a 404 carat diamond the largest recorded gem in Angola, which was discovered in 2016.

Source: DCLA

Indian jeweller's 12,638-diamond ring sets world record

 

An elaborate floral-shaped ring sporting 12,638 tiny diamonds has earned a place in the Guinness World Records, but its Indian creator has no plans to sell his priceless design just yet.

Called “The Marigold – The Ring of Prosperity,” the chunky circular band weighs a little over 165 grams (5.8 ounces).

“It’s wearable and comfortable,” said 25-year-old Harish Bansal, who described his audacious creation as a dream project. Bansal said he got the idea two years ago while studying jewelry design in the western city of Surat, India’s diamond hub.

“My target was always more than 10,000 diamonds. I trashed many designs and concepts over the years to finally zero in on this,” Bansal Said.

In a statement, his company said that each tiny petal in the ring’s eight-layer flower design was unique.

Bansal said he had already knocked back requests from prospective buyers.

“We have no plans of selling it right now,” he said. “It’s a matter of pride for us. It’s priceless.”

The previous record determined by Guinness, also set in India, was for a ring containing 7,801 diamonds.

Source: DCLA

Indian jeweller's 12,638-diamond ring sets world record

 

An elaborate floral-shaped ring sporting 12,638 tiny diamonds has earned a place in the Guinness World Records, but its Indian creator has no plans to sell his priceless design just yet.

Called “The Marigold – The Ring of Prosperity,” the chunky circular band weighs a little over 165 grams (5.8 ounces).

“It’s wearable and comfortable,” said 25-year-old Harish Bansal, who described his audacious creation as a dream project. Bansal said he got the idea two years ago while studying jewelry design in the western city of Surat, India’s diamond hub.

“My target was always more than 10,000 diamonds. I trashed many designs and concepts over the years to finally zero in on this,” Bansal Said.

In a statement, his company said that each tiny petal in the ring’s eight-layer flower design was unique.

Bansal said he had already knocked back requests from prospective buyers.

“We have no plans of selling it right now,” he said. “It’s a matter of pride for us. It’s priceless.”

The previous record determined by Guinness, also set in India, was for a ring containing 7,801 diamonds.

Source: DCLA

46-Carat pink diamond delivers heart and pear shaped stones

 

The gem-quality 46 carat rough pink diamond was sold by SML into a cutting and polishing partnership with SML’s preferred buyer, Safdico International.

Under the partnership agreement, SML retained a share in the margin to be generated from the sale of the resultant polished diamonds.

The Lulo partners are pleased to advise the results delivered from cutting & polishing the 46 carat diamond.

The rough diamond delivered three polished diamonds a 15.2 carat Heart and two Pear shaped diamonds weighing 3.3 carats and 2.3 carats.

The main delivery, a 15.2 carat Heart shaped diamond was graded by the Gemmological Institute of America (GIA) as Fancy Intense Orangy Pink, with a clarity grade of VVS1 and Excellent gradings for both polish and symmetry.

The 46 carat pink coloured diamond is the largest gem quality coloured rough diamond recovered to date from Lulo mining operations.

Source: DCLA