Howdy Sparkle lovers~ Last week I had written about the 34.65 Pink Diamond aka the 'Princie Diamond" being auctioned off at Christies. It was just released that the stone was sold and is the MOST Expensive jewels ever sold to date in their 200 year history! At 1.2 million dollars per carat this stone is now officially in a league all of its own being sold at $39.3 Million dollars.
The next fabulous auction will be on May 14th when Sotheby’s in Geneva will auction legendary Italian Actress and screen star from the 40’s and 50’s Gina Lolobrigida pieces of Bulgari jewelry collection that she had accumulated during her career in the 40’s and 50’s. And who knew that is a well known sculptor and photographer? The sale of her jewelry is going to fund stem cell research.
“For her commitment to various humanitarian organizations, she was nominated first Ambassadress for the Food and Agriculture Organization of the United Nations (FAO) in 1999 and has worked closely with UNICEF, UNESCO, Médecins Sans Frontières, Mother Theresa of Calcutta and children in Romania.”
Another actress who is and has been doing something good with her life and her notoriety! Well done Gina!
How I love the large stones, colors shapes and sizes. An extremely beautiful and rare, rare 25.5cts rough blue diamond was mined by Petra Diamonds Limited at the Cullinan mine in South Africa. My guess is that this stone will be cut and on the Auction block in 1 -2 years. The Petra mines mined another blue diamond in Petra Diamonds also set a record in December 2011 when it sold a 4.8 ct. piece of blue rough from the same mine for $1.45 million—more than $300,000 per carat. Wow! And with the crazy prices that the larger stones have been selling for it’ll be incredible to see how much this rare blue diamond will actually sell for.
And speaking of large diamonds Sothebys had a Magnificent Jewels auction yesterday in New York. Impressive jewelry and large numbers for the auction too! A pear shaped internally flawless D color 75.0cts ( yes, 75 carats!) Diamond was sold for a record breaking $14.1 million dollars. That is $2.0million OVER the estimated price! No word yet on who purchased this stone. But according to some reports 5 bidders were vying for the stone. The trend seems to be that the buyers of the larger stones are staying anonymous and for good reason!
Unbeknownst to me Jay Gould legendary financier and robber baron had many items of family jewelry for sale at this auction. Jewels from his family were expected to reach $3million but went for a staggering $7.9 million! I was researching the items and one of the larger and most notable was a Colombian emerald and diamond brooch that sold for$2.9 Million!
This is what a $2.9 Million Colombian emerald and Diamond brooch looks like, in case you were wondering~
Jay Goulds family has a rich family history, literally! I'm reading up on his family ( the story behind his families jewels is fabulous and worthy of posting ). What an interesting family tree, that’s a family I’d love to be a part of~
Have to admit my jaw was on the floor with the recent price of the gold market! The volatility of the gold market (lowest its ever been in 30 years!) dropping to low prices is some say because Cyprus is dumping their gold reserves over 13 tons of gold back into the market. They are trying to save the country from financial ruin. Which in turn has flooded the market with gold. Hence the lower rate. It’s a great thing if you’re a jeweler. Lower gold prices encourage people to shop more and purchase jewelry that they otherwise might not purchase til items are on sale or maybe wait for a special Holiday. Between all of the experts at this point it’s a matter of opinion as to when the price will go back up. At this point its still below $1400 an ounce.
Bonham’s auction house in New York is not as well known outside of the city as Sotheby’s and Christies but they have been having auctions with a few considerable pieces that have garnering some interest in the gem world. An exceptional 18-karat gold ring from Bulgari featuring a 21.07-carat fancy intense yellow diamond flanked by triangular-cut brilliant diamonds sold for $590,500. Considering the high pre sale estimate was $750,000. Considering this auction brought in 5.3million dollars. These prices seem like bargain basement prices compared to the sky high prices that were the final numbers at Christies and Sotheby’s. The next auction at Bonhams will be on June 19th. I will jeep you posted on the fabulousness that I’m sure they’ll be auctioning!
With Mothers Day right around the corner and May being THE month for Emeralds. We still have plenty of time to custom create any item of jewelry for you in time for Moms special day! Our designers are always ready to assist! We can be reached at 1 800 840 6828.
Until then, keep sparkling~