I just completed the GIA Jewelry Essentials Course.
One step closer to receiving my Accredited Jewelry Professional Diploma from GIA.
I just completed the GIA Jewelry Essentials Course.
One step closer to receiving my Accredited Jewelry Professional Diploma from GIA.
RAPAPORT… Sotheby’s New York completed its sale of important jewels, which achieved a total of $16,383,856 and was 79.3 percent sold by lot. The top lot was a 5.08-carat, VVS2 brilliant-cut fancy light pink diamond that sold for more than twice its high presale estimate at $1.4 million or $280,807 per carat.
A 3.09-carat, VS1 pear-shape fancy intense orangy-pink diamond pendant (pictured) fetched $770,500 or $249,353 per carat and a 13.22-carat Kashmire sapphire and diamond ring sold for $578,500; both lots of which sold well above presale estimates.
Gary Schuler, the head of Sotheby’s jewelry department in New York, said, “We saw particularly strong prices for unique color diamonds, led by the fancy light pink diamond that soared to $1,426,500 above a high estimate of $700,000.
”While many of our top 10 prices came from American trade buyers, both signed jewels and stones under 10 carats brought spirited bidding from collectors worldwide,” he said. ”Jewels from the estate of Kitty Carlisle Hart, which we were delighted to offer, doubled their overall low estimate and were led by her beautiful art deco diamond sautoir that achieved $146,500. And in a continuation of a trend we have observed in recent years, natural pearls remain a strong segment of today’s market.”
The first jewelry sale of the fall auction season offers collectors a wide array of fine diamonds and gemstones as well as period and contemporary designs from the best European and American jewelers. From David Webb and Buccellati to Harry Winston, Cartier and Van Cleef & Arpels, the selection includes classic styles and one-of-a-kind jewels crafted with top quality stones and workmanship.
Highlighting the sale are jewels from the Estate of Kitty Carlisle Hart, the well-known actress, television celebrity and arts advocate. Her personal collection includes a ruby and diamond brooch made by Verdura in 1944, an Art Deco period diamond sautoir and monogrammed gold accessories from Cartier. The Important Jewels sale begins with additional decorative jewels from the Estate of Eunice Joyce Gardiner whose magnificent jewelry collection was offered in the spring season. Jewels from the Estates of Walter and Doris Goldstein, New York and Stella Fischbach, prominent collectors of Impressionist and Modern Art, will also be offered this September.
White diamond rings from 5 to 10 carats are presented throughout the auction which will conclude with the offering of a beautiful 5 carat Fancy Light Pink round brilliant-cut diamond.
Can’t wait to find out the results!
Do you think that white, colorless diamonds are the only choice for diamond jewelry? Think again! Colored diamonds are a gorgeous, fashionable option that more people should consider if they are looking for something unique and stunning. With countless colors, shapes and price ranges, there just might be the perfect fancy colored diamond for you. Keep reading to find out why a colored diamond might be perfect for you.
There’s a color for everyone! With around 300 different color variations to choose from, one is bound to find one that really stands out. White diamonds are commonplace and do not have the ability to vary from color to color (other than undesirable yellowish tones). Just like each person, colored diamonds are unique and tend to be one of a kind. Why have white, colorless diamond like everyone else?
Colored diamonds have the “wow” factor. Many Hollywood stars and members of the royal family opt for colored diamonds over white ones. While pink and yellow fancy colored diamonds are the most popular among celebrities, chocolate, black, blue and green diamonds have been trending well during the past few years. Even the finest designers such as Chistian Dior, Louis Vouitton, Alexander McQueen and Harry Winston jump at the opportunity to use colored diamonds in their latest designs.
Believe it or not, there’s a colored diamond for every budget. While many of the purest and most highly saturated colored diamonds are out of the price ranges for many people, it is surprising to see that the prices aren’t quite that high. In fact, the price depends on three main things:
Saturation – Fancy colored diamonds range from faint or light to deep and vivid. The less-vivid the color, the more affordable it will be.
Hue – Certain colors (or hues) are more rare and therefore more expensive. Blue, red and green diamonds are extremely rare, while pink, yellow, chocolate, black and champagne colored diamonds are more abundant and therefore more affordable.
Clarity – The visibility of flaws and imperfections in a diamond can affect the clarity and also the coloring and fire of the diamond. However, white/colorless diamonds show clarity flaws much more than colored diamonds, so one need not be quite as concerned if going this route. A big bonus for many diamond buyers.
Colored diamonds are a collector’s item and never out of style. In fact, finding colored diamonds is becoming more rare these days and the more vivid ones are even more difficult to come by. For instance, the main blue diamond mine in Pretoria, South Africa is unable to mine more blue diamonds, and the number one pink diamond mine in Australia is reportedly closing down in 2018. Deep green and red diamonds are constantly sought after in the collector’s circle but are so difficult to find that most of them remain as heirloom pieces, in museum’s, fine auctions or a handful of luxury jewelers. All in all, colored diamonds are ideal for those wishing to own a highly unique piece of jewelry that can be passed down through the generations.
While white, colorless diamonds often make a poor investment due to their being so plentiful in the market and have a low re-sale value, their colored counterparts tend to grow steadily in value over the years. For instance, pink diamonds from the Argyle Diamond Mine in Australia have increased nearly 100 times their value in the past 25 years. Colored diamonds are consistently being sold around the world in auctions for hundreds of thousands to millions of dollars. The value will continue to go up as colored diamond mines close and supplies dry up.
*Please note that colored diamonds are also called “fancy diamonds” or “fancy colored diamonds”. Knowing these search terms will help you narrow down the best vendors online.
Images courtesy of Leibish & Co. , Modern Jeweler, D. Nea Diamonds and Fancy Diamonds.net.
This article was written Sep 13, 2012 3:25 PM By Jeff Miller and posted on www.diamonds.net. I am so excited by this beautiful cut and I hope it takes off!
RAPAPORT… In celebration of the 2012 Jewish High Holy Days of Rosh Hashanah and Yom Kippur, Embee Diamond Technologies of Prince Albert, Saskatchewan released its Magen David Diamond Cut© for industry use as a gift to the global diamond trade. Any suitably equipped manufacturer is welcome to cut, polish and sell this diamond so long as they agree to make a charitable donation of a 1 percent royalty to Magen David Adom (www.mdais.com/MDA_friends), according to the company.
Magen David or Star of David or Shield of David is renowned as the symbol of Judaism and it is affixed to the pavilion of this diamond so that its reflection is clearly visible within the table as well as throughout the entire stone. The design of this round brilliant diamond was created by the founder of Embee Diamonds, master diamond cutter Mike Botha, with a high degree of craftsmanship to exhibit top optical performance. Botha, a pioneer of modern diamond cutting, has more than 45 years of experience at the workbench and a decade of training Canadian nationals to craft diamonds in Yellowknife, Northwest Territories. In 2006, he launched a full constellation of patented Sirius Star™ diamond cut designs.
The Sirius Star design concept is simple yet elegant; even when perfectly cut, the standard shapes of diamonds are asymmetrical. The tops of these diamonds have stars, mains and girdle facets. The bottoms have only mains and girdle facets. Botha added bright stars on the bottom. The original Sirius Star™ 80 has an eight-pointed star at its heart, the Sirius Star™ 100 has a 10-pointed star, the American Star© has a five-pointed star, and now the Magen David Diamond Cut© with its six-pointed star belongs to the world.
This is an articl/interview that was posted on the GIA website and I wanted to share it here. The interview is with Russell Shor, senior industry analyst for the Gemological Institute of America (GIA). When I was doing my GIA course, I watched several videos with Mr. Shor. He is incredibly knowledgeable and captivating. Enjoy the post!
Do you know why color diamonds always are the big winners at auction or how color diamonds get their high auction prices?
GIA’s Russell Shor recently reported that auction house executives and industry observers agree on a number of reasons why fancy-color diamonds can achieve such high prices, even during an economic hardship. Some reasons are the international reach of auction houses, the rarity of top gems, and the greater number of private buyers going to auction.
Of the millions of diamonds mined each year, only .001 percent can qualify as fancy colors and only a handful can achieve the top grades of Intense and Vivid. An even smaller percent are larger than one carat, let alone five carats. So the auction houses deal in true rarities.
GIA was interviewed by Harpers Bazaar China, for their April edition, about fancy-color diamonds and why these rare finds can only be purchased at auction. Here is what they had to say:
Q: Given the current fancy-color diamonds grading trend, can you analyze the trend of color diamonds value and investing value?
GIA: GIA does not do diamonds appraisal. Diamond prices are determined in big auction houses. The auction prices of big fancy intense color diamonds or fancy vivid pink and blue diamonds have exceeded $1,500,000. And the growing trend of investing in color diamonds can be proved by the big increase in color diamond grading demand. The demand has increased 102% since 1999.
Q: Why are auction houses the only place where you can find the finest fancy-color diamonds?
GIA: This seemingly simple statement is due to the long history, good command of global auction trends, good sense of finding rare stones and long-term accumulated people contacts of those renowned international auction houses. First, Geneva, New York and Hong Kong, the three major markets always attract global customers. Rare color diamonds are always sold for record-breaking prices at these auction houses. Second, Sotheby and Christie’s have the most insights on those top-notch rare diamonds; in other word, real, treasured diamonds are circulating here. Lastly, the number of private buyers is increasing.
Q: What’s the GIA standard grading process of fancy-color diamonds?
GIA: An outstanding color diamond is very rare and the quality is determined on the density of color and the attractiveness of color. Different from using the 4Cs to grade colorless diamonds, GIA uses a distinct grading system to grade color diamonds. It starts grading from the hue, for example, yellow, and then if there’s a bit of greenish blemish in it, this will be called a greenish yellow diamond. Then it’s the density of the color, from faint to fancy intense, fancy vivid, etc. GIA will also grade if the color is natural. GIA color diamond grading report will include color grades, whether the color is natural, carat weight, clarity and clarity diagrams.
An 18 Karat Gold, Platinum and Diamond Brooch, Schlumberger for Tiffany & Co., France, Circa 1960
Estimate: 7,500 – 10,000 USD
The stylized seaflower centered by 6 small round diamonds set en tremblant, enhanced by 20 small round diamonds of yellow hue weighing approximately .80 carat, and with numerous round and single-cut diamonds weighing approximately 5.00 carats, signed Tiffany Schlumberger, Made in France.
View the picture here
– Article by Cecilia Jamasmie | September 11, 2012 of Mining.com
Kim Rothstein, the second wife of disbarred US attorney Scott Rothstein, who ran a massive $1.2 billion fraudulent investment scheme, was charged with conspiracy to commit money laundering last week as she hid $1 million in jewellery from U.S. authorities trying to seize his assets to repay investors.
The most flamboyant jewel was a massive 12.08-carat yellow VS2 radiant-cut diamond ring, valued at $450,000, reports the Sun Sentinel.
“Hugely rare and hugely big. It would be like wearing an ice skating rink on your finger,” Fred Waldman, manager of Provident Jewellery in West Palm Beach, said of the gem Scott bought Kim in 2008, when describing it to the Sun Sentinel’s reporter. He paid a bit over $403,000 at the time.
“Yellow diamonds are some of the world’s most beautiful fancy colour diamonds and have been the choice of royals and celebs throughout the ages,” said Jean-Christophe Bedos, President and CEO of Birks & Mayors Inc. The company brought the largest collection of yellow diamonds ever exhibited in the jeweller’s history to Toronto, Canada, in May.
Scott Rothstein, who is serving a 50-year prison term, was the former managing shareholder, chairman and CEO of the now-defunct Rothstein Rosenfeldt Adler law firm. He was accused of funding his philanthropy, political contributions, law firm salaries and an extravagant lifestyle with the now famous $1.2 billion Ponzi scheme.
Image: Kim and Scott Rothstein in 2009, before the attorney was sentenced to 50 years in prison for a $1.2 billion Ponzi scheme. She is wearing the $450,000 diamond ring, via You Tube.
I am seeing more and more perfumes on the market with diamond-shaped bottles. Elizabeth Taylor’s fragrance White Diamonds with a pretty bottle encrusted in diamond simulants was a huge success in the late ’80’s and still is. I suppose it made perfect sense because diamonds were a passion for the legendary actress and it’s a universally appealing and perfectly lovely fragrance.
I get that women like sparkly beautiful things and it is therefore synoymous with perfume, which is romantic and feminine, but are we getting carried away when we take something as rare and beautiful as a pink diamond and name a mass-produced perfume with the same name?
I recently blogged about Versace’s new fragrance called Yellow Diamond which I liked the idea of. It came from a luxury brand and the bottle is very attractive and suits the fragrance. However the Pink Diamond perfume has a rather plain, plastic, fuchsia bottle which is pretty juvenile looking but then again it is mass marketed by a company for the 19-year-old X-Factor, British singing sensation Cher Lloyd. The pink diamond-shaped bottle matches a tattoo Cher has on her hand and the fragrance is supposed to reflect Cher’s personality. A note attached to the scent says: “The diamond is used as an iconic symbol for all of us to remember that no matter what others may say, we are all special.”
I’m not sure what that is supposed to mean exactly in relation to a perfume, but it is well-known that celebrities love their colored diamonds. Maybe the perfume has kids trying to buy into an idea that though they can’t afford actual pink diamonds, they can have a piece of that luxury by owning a fragrance named after their favourite singer combined with a taste of something elusive.
Pink diamonds are so rare and valuable. They are so incredibly stunning up close and personal. If you’ve been reading my blog you will know that I am very serious and passionate about colored diamonds which is probably why I’m so irked by this perfume bottle even though I do realize this perfume is supposed to be fun and it’s just marketing and branding at it’s finest. However, when you work with colored diamonds and understand the rarity and complexity of hues in a diamond, it is just hard to see anything relating to colored diamonds mass-produced to sell at £15 for 30ml, to an audience who wouldn’t even dream of knowing or understanding the value of a real pink diamond.
Having said this – sales for this newly launched perfume are up more than 500% on expected figures. A spokesman for the Fragrance Shop says: ‘It’s one of our biggest celebrity launches to date. ‘We have had to order in extra stocks today, as we were about to sell out. ‘It has exceeded our expectations by over 500%!’
On September 10th in San Fransisco, an Advisor Roundtable will meet to discuss “The Psychology of Investing in Colored Diamonds”. This certainly looks amazing, so interesting and informative!
Here’s what the roundtable will focus on…
The concept of diamonds as an investment is a phenomena that took root in the convergence of science, technology and commoditization standards during 1979. This was a turning point for diamonds which had served only as a metaphor of love and object of material wealth, that later led to a boom and bust within one year. Learn how the market was driven by using past-performance models of supply-and-demand and the liquidity factor that later became the pin that burst the bubble.
Review the role of auction houses fueling diamond investment strategies of today along with:
Alan Bronstein will host the event. He is a consultant in the international rare diamond market who has spent the last 30 years as an expert on values and market conditions. Beginning his career as a diamond broker in 1980, he has collected and is the curator of two diamond collections, the Aurora Pyramid of Hope and the Butterfly of Peace Collection. Mr. Bronstein has also published two books about natural color diamonds, Collecting and Classifying Coloured Diamonds – An Illustrated Study of the Aurora Collection and Forever Brilliant: The Aurora Collection of Colored Diamonds.