Articles Tagged "auction"

Diamond Auction Sets New World Record

CNBC reports that history was made at auction Wednesday when the largest triangular FancyVivid Blue diamond was sold at auction for $15.7 m. The story is quoted as saying: The 10.95 carat blue diamond is set opposite a matching 9.87 carat colorless diamond in a ring purchased in 1972 for $1 million. The record price [...]

Selling diamonds which govt. doesn’t need

These days buying what the government is selling isn’t easy like the 605 loose diamonds that were auctioned off on Friday beneath the crystal chandeliers in the Grand Ballroom of the New Yorker Hotel. Rick Levin, a Chicago auctioneer, said: Whatever economic climate you’re in, there’s always opportunity. For full story, click here

In ’08, diamonds lost their luster

When 2008 started off, the world’s mining industry was in the mist of a boom, with never before seen prices being fetched for most of the metals, and miners raking in profits. With the way 2008 came to a close, it is hard to imagine that this was the scene just months earlier.

Holiday jewellery purchases decline

With the Christmas buying season upon us jewelry companies who would typically have their biggest sales of the year are bracing for disappointing numbers. A study completed this fall by the Harrison Group and American Express Publishing found that of all the luxury categories, jewelry could take the biggest hit in the downturn.