Tag Archives: Diamond

blue diamond sotheby's

Rare Blue Diamond Sold for $17.1 million: Sotheby’s

Earlier this week, a rare blue diamond was sold for $17.1 million during Sotheby’s autumn jewel auctions in Geneva. The 8.01-carat diamond, appropriately named “Sky Blue” and presented in a Cartier setting was valued at $15-25 million by the auction house and had been previously sold in 2012 for $12.8 million – gaining 33 percent in value in four years.

Despite this success, “Sky Blue” pales in comparison with another blue diamond sold by Christie’s, highlighting the intense rivalry between Sotheby’s and Christie’s. The 14.62-carat  “Oppenheimer Blue”, sold in May at a Christie’s auction for $57.54 million – which remains the world record price.

“Given the rarity of blue diamonds of this size and quality which have ever been unearthed, you’d expect every auction of this kind to be a dogfight,” said Tobias Kormind, head of 77 Diamonds, Europe’s biggest online diamond jewellery retailer.

It wasn’t all sunny skies at Sotheby’s though, as the auction house did not manage to find buyers for two valuable items.

First is a parure that used to belong to Russian empress Catherine I. Valued at $3-5 million, it features diamonds and has, shall we say, a quite interesting story.

The other unsold piece also belonged to the Russian imperial family, this time Catherine II, also called Catherine the Great. The diamond necklace, fitted with a detachable clasps, was valued at $5 million and you can read more about it in our earlier story via the link above.

Christie’s, which opened the season on Tuesday with 167 lots, achieved $97 million in sales, and beat its pre-auction estimate of $80 million. Sotheby’s, on the other hand, were expecting total sales in excess of $100 million this season.

Tiffany T two ring in 18k rose gold white gold with diamonds

Tiffany & Co. Debuts New Rings, Snapchat Filter

If the sight of the robin egg blue box doesn’t illicit a silent scream or two, nothing else will. This season, American jeweler Tiffany & Co. launches three new rings series (and an adorable Snapchat filter to boot), which we’re certain would make ladies (and millennials) around the world swoon.

The Tiffany Setting celebrates its 130th anniversary this year with a special rose gold edition, which supports the iconic six platinum prongs that hold the diamond gently, allowing for maximum light reflection from each of the exquisitely cut facets.

For something a little more dazzling and contemporary, the limited edition Pave Tiffany Setting – inspired by the unique Tiffany Setting ring featured in the 2016 Blue Book Collection – sees hundreds of diamonds set within the shank of the ring.

Couples can also get in on a little piece of Tiffany action this season – the Tiffany T Two series is an update from the previous Tiffany T collection, and sees an amalgamation of minimalist silhouettes and the house’s distinct T across the rings.

For one day only, the jeweler also engaged social media platform Snapchat to spread the love – albeit the Tiffany & Co. way. The exclusive filter was part of its #LoveNotLike campaign, which also runs throughout its Instagram feed. As far as we know, the makes the American luxury brand the first to explore filters on Snapchat as a proper marketing tool

Head to L’Officiel.com to find out more about the collection and campaign.

Lesedi la Rona: Largest Diamond Fails to Sell

Some say bigger is better but in the case of the Lesedi la Rona, that may not be the case. Said to be biggest uncut diamond that has been found in more than a century and the second largest ever mined, the gem failed to sell in London earlier this week.

The public auction saw bidders wiling to part with a maximum of $61 million but alas it fell short of the minimum sum reserve price that had not been disclosed.  Sotheby’s, the auction house that helped to handle the sale of the diamond even predicted that it would fetch $70 million. One reason cited for the failure to create a successful sale, is that Lucara Diamond Corp went with an auction method that is less conventional.

While most diamonds of this size and quality are usually sold in a private auction, the company chose to go down an alternative path with a public auction. The failure to sell the diamond also saw the company’s stocks drop 14.5% after the end of the auction. There is speculation that the result may be attributed to the Brexit kerfuffle (pretty much everything is related to it at this point) where many a wealthy diamond lover may have seen a significant dip in net worth.

Still, it is more likely that suitors for his kind of stone prefer to play their hands in private. Private buyers may still have a chance to bid for the diamond because Lucara of course retains possession. The company is said to be considering distinctly non-commercial avenues for the diamond, such as loaning it to museums for educational purposes.

Christie’s Sells Cullinan Dream, Sets New Record

Back in May, the auction house Christie’s announced the sale of the fancy intense blue diamond called the Cullinan Dream. At 24.18 carats, the diamond was regarded as a rare find. Now, the diamond holds the title as the most expensive fancy intense blue diamond to be sold.

Fetching more than $25 million, the diamond was auctioned at Christie’s on Thursday in New York. Classified as a Type llb diamond, the Cullinan Dream comes from the 122.52-carat rough blue diamond found in the Cullinan Mines of South Africa. The largest of four diamonds to be found, the diamond falls into a rare category that accounts for less than one-half of the 1% of all diamonds found.

Its unique color is the result of small amounts of boron being trapped in the crystal carbon structure during the formation of the diamond. The Cullinan Dream is now set as a cut-cornered rectangular mixed-cut fancy intense blue diamond and is flanked on either side by a tapered baguette-cut diamond. Other well-known diamonds that have been mined from the Cullinan mine include the 3,106-carat rough diamond that is known as the Cullinan Diamond. This rough diamond was then cut into two magnificent gems that now sit on the Imperial State Crown and Sceptre of the British Crown Jewels.

To learn more about the Cullinan Dream, click here.

World of Diamonds: The Jane Seymour

In the world of diamonds, finding a fancy vivid blue diamond is like hitting the lottery. So when you find one that weighs in at 2.08-carats, like the World of Diamonds did, you would want to name it after a woman of refined elegance and taste. Who better to fit the bill than award winning actress Jane Seymour?

The star of The Vortex play that recently ran in Singapore, has played many roles in her career but we’re pretty sure muse has not been one of them. A former Bond girl, Seymour was in town recently for her play and took some time out to attend a dinner where The Jane Seymour was unveiled. Representing the value of how eternity overshadows knowledge, emotion and matter, the diamond is expected to fetch over $2 million.Jane-Seymour-event

At a private dinner in Cé La Vie, the actress wore the creation proudly and was also presented with a 21.61-carat Amethyst — her birthstone — by the diamond conglomerate. “The invitation to behold this creation would rather you not compare The Jane Seymour to anything else in the high jewelry world” said Karan Tilani, Director of World of Diamonds. “It is a celebratory treat, more comparable to a mega-yacht or a ticket to the moon” he added. Now, I just have to figure out how to get someone to name a diamond after me…

Oppenheimer Diamond To Set New Auction Record?

Tuesday, May 17 sees the Four Seasons des Bergues hotel in Geneva hosting a landmark sale of 280 lots from Christie’s Magnificent Jewels auction. Valued at $113 million, the lots include several pieces from Gabriela zu Leiningen as well as the famous Oppenheimer diamond.

The 14.62-carat diamond is one of the star attractions of the auction as it may just beat the sale record set by rival auction house Sotheby’s late last year. Once owned by Phillip Oppenheimer, the man behind the De Beers mining company, the diamond is now valued at between $38 to $45 million. The record to beat is currently held by The Blue Moon of Josephine, sold for $48.4 million, to Hong Kong billionaire Joseph Lau.

“It’s a fabulous diamond, the most beautiful I have even seen and it could set a record price,” said Jean-Marc Lunel, Christie’s jewel expert. According to Christie’s, the Oppenheimer diamond is the largest ever sold at auction in the exclusive Fancy Vivid Blue category, which groups rare gems of exceptional color and clarity. However, it must be noted that there is still a chance that the Oppenheimer diamond could have the same fate as the 9.54-carat blue diamond ring owned by Shirley Temple. With so much at stake, it is little wonder that this is an auction that many are keeping a eye on.

Most Expensive Diamond: Lucara Constellation

In the diamond industry, all eyes seem to be on Lucara. They’ve just sold an 813 carat diamond, named The Constellation, for $63 million, which is an all-time record for the sale of a rough diamond. That isn’t the end of it, though. They’ve got an even bigger 1,109 carat one on its way to Sotheby’s in London on June 29. Anyway, what this sale does is set the benchmark for the coming sale, which is now leaving all collectors, observers and probably Sotheby’s auctioneers drooling at what possible unprecedented heights the next auction could reach.

The Constellation name was created as a part of a partnership with rough-diamond trading company Nemesis International DMCC, who, as a part of the sale, will ensure that Lucara will retain 10% interest in the net profit received from resultant polished diamonds sold. Both The Constellation and the Lesedi La Rona are considered Type IIa diamonds, making them some of the rarest and purest out there.

“We are very pleased with the result from the sale of this magnificent 813 carat diamond as well as the opportunity to further participate in profits earned when the polished product is sold. The sale of the 813 carat diamond is the highest price ever achieved for a rough diamond, breaking all records. This achievement solidifies our reputation in the jewelry industry as one of the most important sources of diamonds of the very highest quality. We look forward to the next stage of Lucara’s development with the sale of the spectacular 1,109 carat, Lesedi La Rona diamond which will take place at Sotheby’s London on June 29, 2016” said President and CEO William Lamb.

The effect was immediate. Lucara shares had soared by 8.58 percent by mid-afternoon on the Stockholm market. With high expectations abound, the sale of the Lesedi La Rona is sure to be something to anticipate.

Lesedi la Rona Diamond at Sotheby’s Auction

If you have more $70 million in spare change just lying around and don’t know what to do with it, then maybe you should head down to Sotheby’s London on June 29 and convert it into something easier to handle. The auction house will be hosting a stand-alone auction for the largest rough diamond in existence on that day. How big is it? Just look at the picture above for some context!

The find is one of high significance as this is the largest gem-quality rough diamond to have been discovered in more than 100 years. At 1,109-carats, the gem comes from the Karowe mine in Botswana and has been named Lesedi la Rona or “Our Light “in the Tswana language. Boasting exceptional quality and transparency, the diamond is thought to be somewhere around 2.5 to 3 million years old. Experts at the Gemological Institute of America have found that the color and transparency of the gem ensures there is no nitrogen or boron present in the gem. Only 2% of all gemstone-quality diamonds fall into this highly prized category.

“The Lesedi la Rona is simply outstanding and its discovery is the find of a lifetime” said David Bennett, Worldwide Chairman of Sotheby’s Jewelry Division. “It is a huge honor for Sotheby’s to have been entrusted with its sale. Every aspect of this auction is unprecedented. Not only is the rough superlative in size and quality, but no rough even remotely of this scale has ever been offered before at public auction” he added.

It remains to be seen if the gem will be able to yield the largest-top-quality diamond but the likelihood of it resulting in in a “D” color polished diamond is high. The only other rough gem diamond to beat the Lesedi la Rona is none other than the Cullinan Diamond from South Africa that weighed 3,106.75-carats. Mined in 1905, the diamond produced nine diamonds that now sit in the Crown Jewels of the United Kingdom. The most significant of the nine diamonds, is none other than the Cullinan I or Great Star of Africa at 530.20-carats, that is still the largest top-quality polished diamond known to man.

Who knows, maybe the Queen would like to add to her collection of gems, much like her grandfather King Edward.

 

Shirley Temple Blue Diamond Fails to Sell

She was the child-star who brought joy to the Depression-era movie-going audience with her performances and innocence. Despite her success at that time, it seems that her star power has not translated to into an ability to sell personal objects. Her 9.54-carat blue diamond ring went under the hammer at a Sotheby’s New York auction for an estimated $25-35 million, but failed to find a buyer. It was originally a present from her father who bought it for $7,210 back in 1940.

Shirley Temple started acting at age three, and became the youngest person to win an Oscar in 1935 (aged six), with a special award for young performances that is no longer presented. She went on to star in more than 40 films, most of them before age 12. Later in her life, she followed up her career in show business by serving as a diplomat under four presidents. Temple died at the age of 85 in 2014.

“The Shirley Temple Blue Diamond is an exceptional stone in quality, rarity and provenance. It has been an honor to share its story with collectors, connoisseurs and Temple’s loyal fans over the past few months… Unfortunately, tonight wasn’t its night in the salesroom, but we remain fully confident that it will find a buyer.” the auction house said.

In a star-saturated media climate, with so many new names breaking out young on platforms like Youtube, the Shirley Temple phenomenon is perhaps no longer in effect. Perhaps a long nostalgic fan, brought up on a diet of silver screen icons Greta Garbo and Katharine Hepburn may want to pick up the gem in the future.

World’s second largest diamond found in Africa

A 1,111 carat “high quality diamond” has been discovered at a mine in Botswana, said to be the biggest find in more than a century, according to the mine company. Larger diamonds have been found but those were not gemstone quality.

The Botswana gem, only second in size to the famous Cullinan diamond which was unearthered in South Africa in 1905, was mined by Lucara Diamond Corp.

“The magnificent stone, which originated from the south lobe of Lucara’s Karowe Mine, is the world’s second largest gem quality diamond ever recovered and largest ever to be recovered through a modern processing facility,” the Stockholm listed company said a statement.

Shares in Lucara shot up 34 percent to 14.2 kronor in morning Thursday trading in Stockholm.

Botswana is the world’s second biggest diamond producer, and Lucara said the gem was the largest ever to be recovered in the country.

“The significance of the recovery of a gem quality stone larger than 1,000 carats, the largest for more than a century….cannot be overstated,” said William Lamb, the President and chief executive of Lucara.

The stone is yet to be evaluated, but commodities and mining analyst Kieron Hodgson, said it has “the potential to be one very expensive diamond.”

“Valuation will depend on potential inclusions, how it would behave in cutting, optimal shape as well as final color,” he told AFP.

“All these things will need to be evaluated prior to bidding.”

The biggest diamond discovered is the 3,106-carat Cullinan, found near Pretoria in South Africa in 1905.

It was cut to form the Great Star of Africa and the Lesser Star of Africa, which are set in the Crown Jewels of Britain.

Lucara indicated on its website that the Karowe Mine had also this week turned up further finds — an 813 carat stone and a 374 carat stone, prompting Lamb to laud “an amazing week” for the company.

Blue Moon Diamond

$55 million Blue Moon diamond headed to auction

Blue Moon Diamond

A blue diamond weighing 12.03 carats could sell for a record $55 million when it goes up for auction in November, Sotheby’s said Thursday.

The Blue Moon diamond, discovered in South Africa in January last year, will be exhibited in Hong Kong, London and New York before its likely purchase at auction in Geneva on November 11.

“The Blue Moon diamond is a simply sensational stone of perfect colour and purity,” David Bennett, who heads Sotheby’s international jewellery division, said in a statement.

He added that the immense hype which followed the stone’s discovery “has now been proven to have been totally justified.”

The Gemological Institute of America previously declared the Blue Moon to be “internally flawless”.

Categorised as a fancy vivid blue diamond, the Blue Moon is the largest cushion-shaped stone in that category to ever appear at auction.

Sotheby’s put its estimated sale price between $35-$55 million which, at the higher end, would mark a record for any diamond sale.

In November 2010, a 24.78 carats pink diamond — known as the Graff Pink — sold in Geneva for just over $46 million.

The record sale for a blue diamond so far came in November last year, when a 9.75 carats fetched $32.6 million at an auction in New York.

Blue Moon blue Diamond

hero diamonds Rio Tinto

Rio Tinto puts ‘vivid’ pink and red diamonds on market

hero diamonds Rio Tinto

Sixty-five extremely rare pink and red diamonds were unveiled Friday by mining giant Rio Tinto which expects the stones from a remote western Australia mine to fetch record prices.

The diamonds come from the Anglo-Australian firm’s Argyle mine — where more than 90% of the world’s pink and red jewels are produced each year.

“This year, we probably have the most valuable tender ever,” Rio Tinto diamonds and minerals chief executive Alan Davies told AFP”.

“So we’ve got a number of fancy reds and the colour and the clarity this year is truly unique. They are so rare that all of the pinks you can have in the palm of your hand and all the reds you can count on one hand, so they truly are in the category of luxury collection.”

Argyle Prima diamond

The 2015 collection features five “hero” gems, including a 1.93 carat fancy vivid purplish pink shield-shaped diamond and a 1.47 carat fancy red oval-shaped jewel.

This year’s selection, which weighs a total of 44.14 carats, had some of the “most vivid” pink and red diamonds ever unearthed from the mine.

The jewels are around 1.6 billion years old and routinely fetch US$1-2 million a carat. As a basic rule of thumb, pink and red diamonds are worth about 50 times more than white diamonds.

It is not known how the diamonds acquired their pink or red tinge but it is thought to come from a molecular structure distortion as the jewel forms in the earth’s crust or makes its way to the surface.

'the Historic Pink

Princess Mathilde’s Pink Diamond Sells for $15.9 Million

'the Historic Pink

An “extremely rare” fancy vivid pink diamond weighing 8.72 carats sold for $15.9 million at the spring Magnificent Jewels and Nobel Jewels auction.

The stone, known as “The Historic Pink” and mounted on a ring with a classic non-modified cushion cut, is believed to have been part of the collection of Princess Mathilde, niece of French Emperor Napoleon I, according to the Gemological Institute of America.

Another of its former owners was the reclusive American heiress and philanthropist Huguette Clark, who died in 2007. It only recently reappeared after having been kept in the safe of a bank since the 1940s.

The origins of the stone remain unclear. The technical characteristics of the stone and the fact that it is so old suggest it may have been found in the famous Golconda mines of India, according to David Bennett, head of Sotheby’s international jewellery division.

100 carrat perfect diamond

‘Perfect’ diamond sells for $22 million in New York

Perfect Diamond

A “perfect” 100-carat diamond originally mined in South Africa sold for $22 million in New York on Tuesday in 3 minutes of bidding.

Sotheby’s had valued the jewel, which weighs 100.20 carats, at $19-25 million, calling it “the largest perfect diamond with a classic Emerald cut ever to be offered at auction.”

Discovered in the De Beers mines of South Africa then cut, polished and perfected for more than a year, it was the highlight in 370 lots at a Sotheby’s jewelry auction.

The winning bidder took part by telephone but wanted to remain anonymous, Sotheby’s said.

100 carrat perfect diamond

The auction house had showcased the jewel twice in the Middle East — in Doha and Dubai — as well as Los Angeles, Hong Kong, London and New York in a bid to attract interest ahead of the sale.

Sotheby’s says only five comparable quality diamonds weighing more than 100 carats have been sold at auction, the most expensive of which fetched $30.6 million at Sotheby’s in Hong Kong in 2013.

white oval diamond

Gary Schuler, head of Sotheby’s jewelry department in New York, called the stone “the definition of perfection.”

“The color is whiter than white, it is free of any internal imperfections, and so transparent that I can only compare it to a pool of icy water.”

 

100 carrat perfect diamond

‘Flawless’ 100-carat diamond on show in Dubai

100 carrat perfect diamond

An internally “flawless” 100-carat diamond was on show Monday in Dubai ahead of being sold at auction next month by Sotheby’s.

The stone, which was discovered a decade ago in the De Beers mines of South Africa, will go under the hammer at a “Magnificent Jewels” sale in New York in April, the auction house said.

One of five diamonds weighing more than 100 carats that have surfaced on the market over the past 25 years, the jewel’s estimated sale price is between $19-25 million, according to Sotheby’s.

The auction house describes it as the “ultimate emerald-cut diamond, weighing 100.20 carats, D colour, internally flawless” and “unlike any diamond offered at auction before”.

Frank Everett, Sotheby’s VP of sales for jewelry said the diamond could be worn as “a pendant on a necklace, or a cuff bracelet or a ring” although someone might buy it “to admire it just as an object in its own right”.

diamond

German hotel hides €2,500 diamond in a champagne flute

diamond

The Charles Hotel in Munich, Germany will host a particularly dazzling New Year’s Eve celebration this winter.

In partnership with the jeweler Bucherer, the hotel will place a real diamond valued at €2,500 in the champagne flute of one lucky guest.

“Night of the Diamond” is the theme at the Charles Hotel this December 31, 2014. The hotel’s Restaurant Davvero will serve dishes with evocative names including “Diamant Brut,” “Deep Sea Brillant” and “Luxury Facets.”

King Crab canapés, spiny lobster and shrimp dumplings will be among the delicacies on offer.

DON’T MISS: A COCKTAIL MADE FOR GRACE JONES COSTS £8,888

Before sitting down to the eight-course meal, guests will take part in the “Diamond Champagne Reception.”

Each partygoer will find a crystal at the bottom of their champagne flute, but only one of them will be the real diamond valued at €2,500.

The lucky winner will find out only later in the evening when an expert jeweler makes his way through the crowd, examining each stone to determine whether it is the precious jewel.

A ticket to the festivities costs €350 per adult (around $440) including the cocktail reception and eight-course dinner, along with a DJ party and concert by Bob Chisholm & Band.

More information and reservations: www.roccofortehotels.com

Pink diamiond Hong Kong auction October 2014

Pink diamond sells for record $17.8 million

Pink diamiond Hong Kong auction October 2014

A flawless fancy vivid  sold for a record US$17.7 million in Hong Kong late Tuesday, Sotheby’s said.

The auction house said the internally flawless 8.41-carat stone had been expected to go under the hammer for up to US$15.5 million.

The pear-shaped stone had “attracted keen competition before fetching a wonderful price of HK$137.88 million (US$17.77 million) and setting a world auction record for a fancy vivid pink diamond”.

SEE ALSO: PINK STAR’ DIAMOND AUCTIONED FOR $83 MILLION

Internally flawless clarity is extremely rare in pink diamonds. This, in combination with its “fancy vivid” colour grading, made the stone “amongst the rarest and most desirable of coloured diamonds ever seen at auction”.

Diamonds in the “fancy vivid” category are considered as having the highest possible concentration of colour.

world largest blue diamond

Flawless blue diamond sells for $24 million

world largest blue diamond

A spactacular blue diamond, the largest in its category, fetched a total of $23.79 million at a Christie’s auction in Geneva on Wednesday.

The sale of the 13.22 carat rock known simply as “The Blue” came a day after Sotheby’s sold a 100-carat flawless yellow diamond for $16.3 million.

When the world’s largest orange diamond went under the hammer last November at Christie’s in Geneva, it raked in $35.5 million.

Orange Diamond

Such marquee sales underline the growing popularity of coloured diamonds. Once considered a curiosity, they are rarer than white diamonds and now attract higher prices per carat than even the most flawless, translucent stone.

The US jeweller Harry Winston bought it from an anonymous seller. The company plans to rename the 13.22-carat pear-shaped rock the “Winston Blue”. Harry Winston was bought by watch group Swatch last year.

 

huge yellow diamond

Sotheby’s plans auction of huge yellow diamond [VIDEO]

huge yellow diamond

Sotheby’s Geneva will auction, next month, the 100.09-carat Graff Vivid Yellow, one of the largest fancy vivid yellow diamonds in the world.

The Graff Vivid Yellow, the colour of a daffodil and weighing 100.09 carats, figures among a wide range of pieces for sale at Sotheby’s spring Magnificent Jewels and Nobel Jewels auction in the Swiss city on May 13.

Graff Vivid Yellow diamond

The rock, one of the world’s largest cut diamonds of any colour, is mounted as a ring and sparkles with “extraordinary fire and brilliance.”

The asking price for the privately-owned gem is $15-25 million (11-18 million euros), but if recent auctions are any guide it could fetch more.

Orange Diamond

When the world’s largest orange diamond went under the hammer last November at Christie’s in Geneva, it raked in $35.5 million compared to its $17-20 million price tag.

And a Sotheby’s auction the next day saw the world’s largest pink diamond, known as Pink Star, fetch $83 million, $23 million above the asking price.

Pink Star diamond

The auction house was, however, forced last month to take back the Pink Star after the buyer defaulted on the payment.

Sotheby’s still holds the world record price for a diamond sale, even after the default. In November 2010 it sold another pink diamond — the 24.78-carat “Graff Pink” — for $46 million in another auction in Geneva.

Graff Pink Diamond