Category: Jewels

Gems: The Pearl

Pearls, Photo by JMorton

Pearls, Photo by JMorton

Gems: The Pearl

I am very partial to pearls.  I love them.  I suppose it has something to do with coming from the Philippines, which is known as the ‘Pearl of the Orient’ lol.

The last time I ws in the Philippines, I treated myself with some pearls.  I have to admit that the pearls were first class but unfortunately how it was set needs polishing.

I was told that to tell whether a pearl is real, plastic or whatever, you need to rub the pearl in your teeth.  Real ones will have ridges or rather rough while fake ones are smooth.  Actually this is a good advice.  I have tried this with my pearls. 😉

Apparently pearls should always be worn.  It takes a lovely healthy lustre when it is against skin.

Egg-size Diamond Sells for $30m

Diamonds are sublimely useless.  You cannot eat them or drive them home.
– Matthew Hart

 

White diamond sells for $30m at Hong Kong auction

Price for flawless 118-carat stone, which is the size of a small egg, is highest ever paid for a white diamond

Associated Press in Hong Kong

theguardian.com

A model holds the flawless oval diamond

A model holds the flawless oval diamond during a media preview at Sotheby’s auction house in Hong Kong. Photograph: Laurent Fievet/AFP/Getty Images

A white diamond the size of a small egg has been sold for $30.6m (£19m) at an auction in

Two phone bidders competed for the 118-carat white diamond from Africa in six minutes of measured bidding until one dropped out in the Sotheby’s jewellery auction on Monday night.

The biannual sale in the southern Chinese city draws collectors from across mainland China and Asia, helping to make the city one of the world’s busiest auction hubs.

“Hong Kong has in the last few years pulled itself up alongside Geneva and New York as one of the three major selling centres at auction” for diamonds, said Quek Chin Yeow, deputy chairman of Sotheby’s Asia and an international diamond expert.

The flawless white oval diamond, mined and cut two years ago, fell under the hammer at HK$212m ($27.3m), coming in just under the $28m minimum value as estimated by Sotheby’s. The price was bumped up to $30.6m including commission. It was more than the previous record of $26.7m for a white diamond set in May at Christie’s in Geneva.

The stone, which weighed 299 carats when it was found in the rough in 2011, is the largest diamond graded by the Gemological Institute of America. Sotheby’s says it was discovered in southern Africa but won’t name the country because the seller wishes to remain anonymous.

The auction’s other highlight, a 7.6-carat flawless round vivid blue diamond which had an estimate of $19m, failed to reach its reserve price. The two gems were among 330 lots of rare jewellery that fetched a total of $95m, $15m less than expected.

The world record price for a jewel at auction was set in 2010 when the London jeweller Laurence Graff paid $46m for a “fancy intense pink” diamond weighing 24.8 carats. That record could be blown away in November when Sotheby’s puts a pink 59.6-carat diamond on the block that is expected to fetch more than $60m in Geneva.

MegaSuperBling: Pink Star Diamond Ring

Sotheby’s David Bennett says the diamond belongs in “the ranks of the earth’s greatest natural treasures”.

Oh wow, some lucky lady will get a sumptuous Christmas present. A Pink Star Diamond Ring with a posse of bodyguards. NICE!!!

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Flawless $60-mn pink diamond for auction in Geneva

AFPAFP – 20 hours ago

  

 

Sotheby’s on Wednesday showed off a 59.6-carat pink diamond that will be auctioned in the Swiss city of Geneva in November at a record asking price of $60 million (49 million euros).

“The Pink Star”, an internally flawless oval-cut vivid pink diamond, will become the most valuable diamond ever to be offered at auction, Sotheby’s said.

“I have had the privilege of examining some of the greatest gemstones in the world over the past 35 years, and I can say, without hesitation, that ‘The Pink Star’ diamond is of immense importance,” David Bennett, chairman of Sotheby’s jewellery division in Europe and the Middle East, said in a statement.

“It is difficult to exaggerate the rarity of vivid pink diamonds weighing only five carats, so this 59.60 carat stone is simply off any scale,” he said, insisting it belonged in “the ranks of the earth’s greatest natural treasures.”

The shimmering pink, plum-sized diamond, which was 132.5 carats in the rough, was mined by De Beers in Africa in 1999 and cut and polished over a period of two years by Steinmetz Diamonds, the auction house said.

When it was first unveiled to the public in 2003, it was called the “Steinmetz Pink”, but it was renamed after it was first sold four years later.

The 2007 sale price was not disclosed, nor has the identity of its current owner.

The gem, which has received the highest possible colour and clarity rating from the Gemological Institute of America (GIA), is more than twice the size of the 24.78-carat “Graff Pink” diamond that set the world auction record for a diamond and any gemstone or jewel when it was sold at Sotheby’s Geneva in 2010 for $46.2 million, the auction house said.

The Elizabeth Taylor Jewellery Collection!

Elizabeth-Taylor-007The Elizabeth Taylor Jewellery Collection!

Elizabeth Taylor‘s storied jewellery up for auction

By Bob Tourtellotte | Reuters – 13 hours ago

By Chris Michaud
NEW YORK (Reuters) – Actress Elizabeth Taylor’s world-renowned collection of jewellery will be auctioned off in December at a two-day sale that is expected to realise more than $30 million (18.7 million pounds), Christie’s said on Wednesday.

The December 13-14 sale will follow a global three-month tour that will also include Taylor’s couture, fine art and memorabilia, and will be the first of a series of auctions from the estate of the legendary film star who died in March.

Some 269 diamonds, pearls, rubies, rings, necklaces and even a tiara will be sold, with several of the most valuable, and storied pieces tied to Taylor’s lengthy and complicated relationship with Richard Burton, whom she married twice and divorced twice.

“This is without a doubt the greatest private collection of jewellery ever assembled in one place,” said Christie’s Americas chairman and president Marc Porter.

The collection includes everything “from her most jaw-dropping diamonds, gems and one-of-a-kind historic jewels to … never-before-seen keepsakes,” he said.

Leading the December 13 gala evening sale of 89 top lots is Taylor’s iconic, 33.19-carat white diamond ring, a 1968 gift from Burton who purchased it at auction for $300,000.
The trustees of Taylor’s estate have renamed it The Elizabeth Taylor Diamond, and it is estimated to fetch $2.5 million to $3.5 million.

But prices for items from the collections of other famous people ranging from Jacqueline Kennedy Onassis and Marilyn Monroe to the Duke and Duchess of Windsor have soared to many times their pre-sale estimates.

EYE FOR QUALITY
Taylor’s fame, as well as her eye for quality are expected to drive interest, and boost prices.
“It is her depth of knowledge about fine jewellery that truly impresses,” Christie’s’ international jewellery director Francois Curiel said. “It was clear that she possessed an expert’s eye for craftsmanship, rarity, quality and history. She collected the best pieces from the best periods.”

Among the most historic pieces is a 203-grain (equivalent to 55 carat) pear-shaped 14th-century pearl once owned by England’s Mary Tudor, and later passed on to Spanish queens Margarita and Isabel.

Burton bought it in 1969 at auction for $37,000, and Taylor commissioned Cartier to design a new ruby-and-diamond necklace mount. It is estimated to sell for $2 million to $3 million.

At the other end of the spectrum, bidders will have a chance at Taylor’s two, diamond-set wedding bands from her marriages to Burton, estimated at only $6,000 to $8,000.

From Mike Todd, another of Taylor’s seven husbands, there is an antique diamond tiara which the star wore to the 1957 Academy Awards at which Todd’s “Around the World in 80 Days” won best picture. It is estimated at $60,000 to $80,000.
Taylor’s estate was valued at anywhere from $500 million to $1 billion at the time of her death from congestive heart failure on March 23, age 79.

In keeping with Taylor’s humanitarian work, a portion of the proceeds from exhibitions, events and publications related to the auction will be donated to The Elizabeth Taylor AIDS Foundation, which the actress founded in 1991.
The series of Taylor sales are individually devoted to jewellery, haute couture, fashion and accessories, decorative arts and memorabilia from Taylor’s Bel Air home, and Impressionist and modern art.

The New York sales will be preceded by a 10-day exhibition of her collection beginning on December 3. The world tour starts in Moscow on September 15.

(Writing, reporting by Chris Michaud; editing by Bob Tourtellotte)