Beverly Hills was chosen as the location for the brand’s first store, designed as a “private residence for modern monarchs.”
‘Jubilee Ruby’ Sells for $14 Million
The oval-shaped 15.99-carat gemstone topped Christie’s Magnificent Jewels sale, becoming the most expensive colored gemstone ever sold at auction in the U.S.

New York--The oval-shaped 15.99-carat “Jubilee Ruby” sold for $14.2 million at Christie’s Wednesday, making it the most expensive colored gemstone ever sold at auction in the United States, according to Christie’s.
The ruby, set in a platinum and 18-karat gold ring by Verdura, topped the auction house’s Magnificent Jewels sale held Wednesday, with its final price falling within the range that Christie’s predicted when it announced the sale last month.
All told, Christie’s jewelry sale totaled $57 million.
Other top lots included a 10.07-carat brilliant-cut fancy intense purple-pink diamond selling for $8.8 million; a Type IIa, round brilliant-cut diamond weighing 40.43 carats garnering $7.2 million; and a ring set with a 54.62-carat fancy vivid yellow diamond that sold for $2.5 million.
There also was a ring set with a round brilliant-cut diamond weighing approximately 14.11 carats and set in platinum that went for $1.9 million, and another diamond ring with a 41.18-carat cushion brilliant-cut diamond that garnered $1.4 million.
Click through the slideshow below to see the auction’s top five lots.
The Latest

Kering, Apple, and other retailers have reportedly temporarily closed stores in the Middle East region in light of the recent conflicts.

Beth Gerstein discusses the vibe of the new store, what customers want when fine jewelry shopping today, and the details of “Date Night.”

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

Nearly half of buyers are prioritizing silver and fashion collections this season, organizers said.


The “Live Now. Polish Later.” campaign features equestrians wearing the brand’s jewels while galloping across the icy plains of Kazakhstan.

The precious metals provider has promoted Jennifer Ashworth to the role.

With refreshed branding, a new website, updated courses, and a pathway for growth, DCA is dedicated to supporting retail staff development.

Nelson will be honored as the inaugural grant winner at the Gem Awards gala on March 13.

Experts from India weigh in the politics, policies, and market dynamics for diamantaires to monitor in 2026 and beyond.

The American precious metals refiner’s day-to-day operations remain the same post-acquisition.

These aquamarine jewels channel the calming energy of the March birthstone.

The “Innovative Design” category and award will debut in the Spectrum division of this year’s AGTA Spectrum & Cutting Edge Awards.

Diamond jewelry was the star of the event formerly known as the SAG Awards.

Consumers were somewhat less worried about the future, though concerns about rising prices and politics remained.

Foerster is this year’s Stanley Schechter Award recipient.

Sponsorships and tickets to the annual fundraising event, set for May 31, are available now.

Chicago police and members of the U.S. Marshals Service tracked down the 35-year-old suspect earlier this week in St. Louis.

Owners of the Ekapa Mine reportedly filed for liquidation about a week after a mudslide trapped five workers who have yet to be found.

A 10-year alliance has also begun to address the shortage of bench jewelers through scholarships, enhanced programs, and updated equipment.

The “Splendente” collection has evolved to feature hardstone letter pendants, including our Piece of the Week, the onyx “R.”

The update came as Anglo took its third write-down on the diamond miner and marketer, which lost more than $500 million in 2025.

Emmanuel Raheb discusses the rise of “GEO” and the importance of having well-written, quality content on your website.

Each received around four years for burglarizing a jewelry store and a coffee shop in Simi Valley, California, last May.

Catherine Aulick, a GIA graduate, received the ninth and final Gianmaria Buccellati Foundation Award for Excellence in Jewelry Design.

We asked a jewelry historian, designer, bridal director, and wedding expert what’s trending in engagement rings. Here’s what they said.

Are arm bands poised to make a comeback? Has red-carpet jewelry become boring? Find out on the second episode of the “My Next Question” podcast.























