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 [...]
Christie’s Hong Kong announced that it will hold its jewels sale on 26 May, 2009, which will bring together a selection of the highest quality diamonds, both white and coloured, as well as coloured stones and jadeite jewellery. For full story, click here
Petra Diamonds Ltd., a miner of the gems in Africa announced its plans to sell its first cut and polished stone at Sotheby’s in an auction that it estimates will fetch as much as $8.5 million. For full story, click here
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
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.
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.
Russian diamond producer Alrosa sold diamonds valued at over $31 million at its international auction. For full story, click here
Get our independent commentary on diamond trends and companies delivered to your inbox.
