London-based investment firm Pemberton Asset Management acquired the auction house for an undisclosed amount.
The Shirley Temple Blue Diamond Is Back
Now, the stone weighs 9.3 carats and is internally flawless.

New York—The Shirley Temple Blue Diamond failed to sell at auction in 2016, but now it’s found a new life.
The actress’ father purchased the cushion-modified brilliant-cut fancy deep blue diamond, weighing 9.54 carats with VVS2 clarity, in 1940 to commemorate the 12-year-old’s latest film, “The Blue Bird.”
She owned the ring until her death in 2014. Her family put the diamond up for sale at Sotheby’s April 2016 jewelry auction in New York, where it was predicted to garner between $25 and $35 million, though it didn’t find a buyer.
That’s when Windsor Jewelers stepped in.
The antiques dealer bought the stone from Temple’s family but decided to make an improvement before putting it back on the market.
“We showed it to some of the best cutters in the world and said there’s a potentiality for it to go internally flawless,” explained Windsor Jewelers President Paul Lubetsky.
Cutting the stone, and slightly lowering the carat weight in the process, was not a decision taken lightly.
“Polishing such an important diamond involves an immense amount of challenges and risk,” Windsor Jewelers’ Principal Avi Fattal said. “The stone was thoroughly studied by the cutter and a team of gemologists for weeks before deciding to put this very rare diamond on the wheel.
“The color of a blue diamond, and in some cases, quality, can be drastically changed even with the slightest movement. We ultimately decided to go ahead and re-polish the stone to try to improve the clarity.”
What Fattal described as many “nerve-wracking months” of polishing that involved several visits and consultations with the Gemological Institute of America resulted in not only an internally flawless stone—now weighing 9.3 carats—but also a richer blue color. A post shared by Ashley Davis (@ashleylikesgems) on Apr 22, 2019 at 6:34am PDT
SEE: The 9.3-Carat, Internally Flawless Shirley Temple Blue Diamond
“When we finally decided to re-cut it, it completely opened the color also,” Lubetsky said. “We didn’t expect it to go so blue. Before it was a VVS stone, but when we got rid of the imperfection the color opened up and became bluer than any other stone I’ve seen before.”
In GIA’s current report on the stone, it notes a similarity in color to the famed Hope Diamond and the Wittelsbach-Graff—another blue diamond that was re-cut to improve it clarity—leading Windsor Jewelers to believe that all three diamonds might have been mined in a similar area, the Golconda mines of India.
“All three
Now, Windsor Jewelers is set to display the stone publicly for the first time since its acquisition and polishing at the second edition of the upcoming GemGeneve trade show, an exhibitor-run antidote to Baselworld.
There, attendees will be able to witness the new-and-improved Shirley Temple in person.
“Daylight sort of stimulates the stone and the more it’s in daylight, the bluer it gets,” Lubetsky said. “It continues to get bluer all day. It’s really an unusual phenomenon.”
GemGenève is slated for May 9-12 at The Palexpo Geneva.
The Latest

The footage shows two of the jewelry heist suspects descending from the second floor of the museum and then escaping via scooter.

Founder and designer Rosanna Fiedler looked to a vintage Cartier clutch when designing the sunlight-inspired drop earrings.

As the holiday season quickly approaches, consider stocking one category that sometimes gets overlooked: earrings.

The luxury conglomerates faced a challenging Q3 amid geopolitical and economic tensions.


The struggling diamond mining company, which owns the historic Cullinan mine, has launched a rights issue to raise about $25 million.

The book details the journey of watches as symbols of hard-earned success in hip-hop for artists like 2Pac, Jay-Z, and more.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Alexis Vourvoulis, who most recently worked at Tiffany & Co., brings more than two decades of jewelry experience to her new role.

The superstar’s August engagement put the stamp of approval on an already hot engagement ring trend.

Retailers should offer classic styles with a twist that are a perfect fit for layered looks, experts say.

The nearly 7-carat fancy vivid purplish pink diamond could sell for around $9 million.

The retailer’s new collection of engagement rings and fashion jewelry is set with natural diamonds that are traceable via blockchain.

Chief Artistic Officer Nathalie Verdeille has reimagined the iconic design in both figurative and abstract creations.

Five dollars buys one vote toward an industry professional you want to see dressed up as a hero, or a villain, this Halloween.

Recently acquired by KIL Promotions, the November edition of the public show in San Mateo, California, will be held Nov. 7-9.

Hollywood glamour meets Milanese sophistication in the design of Pomellato’s new store in Beverly Hills, California.

The New York City store showcases a chandelier with 1,500 carats of lab-grown diamonds designed by an FIT student.

The Museum of Arts and Design's new exhibition features 75 pieces by the designer, best known for her work in the “Black Panther” films.

Making its auction debut, "The Glowing Rose" is expected to fetch $20 million at the November jewelry sale in Geneva.

They were attacked on Oct. 15, as approximately 40 miners without licenses marched on the mine’s gate.

It took the masked thieves less than 10 minutes to steal eight irreplaceable jewels from two display cases in the museum’s Apollo Gallery.

Gemologist Lauren Gayda has previously worked at The Clear Cut, Taylor & Hart, and Effy Jewelry.

In 2026, the jewelry retailer will celebrate a milestone only a small percentage of family-owned businesses survive to see.

The new showcase dedicated to Italian jewelry design is set for Oct. 29-30.

Take a gaze at the sky with this pair of platinum diamond-set star earrings with blue lace agate drops.

Jeffrey Zimmer's decades of leadership at Reeds Jewelers are defined by integrity, a love of sourcing gemstones, and a heart for community.





















