The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
‘Pink Promise’ Nearly Matches Per-Carat Price Record
The 14.93-carat fancy vivid pink diamond sold for $31.9 million, or $2.13 million a carat, at Christie’s Hong Kong sale.
Hong Kong--“The Pink Promise” diamond, a 14.93-carat fancy vivid pink, sold for $31.9 million at Christie’s Magnificent Jewels Hong Kong sale Tuesday, nearly matching the world auction record for per-carat price for a pink diamond.
That works out to $2.13 million, just short of the $2.15 million per carat a buyer paid for a 5-carat vivid pink diamond at Christie’s Hong Kong in December 2009.
It was the end of an interesting journey for the Type IIa stone’s seller, Stephen Silver, who originally purchased the diamond in 2013 and recut it to maximize its color.
“The work we did on this particular diamond was the most challenging recut in which I have been involved, due to the technical difficulty and large financial risk,” Silver said in a press release. “It is a privilege, however, to work with a world-class team and have my name associated with one of the world’s great gemstones.”
Silver has worked with or owned many important stones, including the Cullinan Blue Diamond necklace, which he purchased in the 1990s and later donated to the Smithsonian National Museum of Natural History.
He’s also recut various colored diamonds, including “The Cranberry,” a fancy purplish-red; “The Million Dollar Pumpkin,” a fancy vivid orange; and a fancy vivid blue diamond. Each of these diamonds ranged from 1 to 6 carats.
Silver has spent his entire adult life dedicated to pursuing his fascination for rare and unique stones. The San Francisco-area native started his career by obtaining a geology degree from San Diego State University before becoming a certified gemologist at the Gemological Institute of America and going on to work at a diamond and colored gemstone company in Los Angeles.
Upon returning to San Francisco, he established an estate jewelry firm for antiques and important stones, which later became a vertically integrated wholesale manufacture and retail business.
When it came to his acquisition of “The Pink Promise” in 2013, Silver had a hunch that the stone, which weighed 16.10 carats at the time of his purchase, could be cut in certain areas to bring out a deeper hue.
It took Silver and a master gem cutter three years of planning and meticulous facet-by-facet cutting to achieve their desired outcome.
Down to 14.93 carats, the GIA certified what was once a fancy intense pink diamond to a fancy vivid pink diamond, the highest color grade possible for a
“The Pink Promise” represents the largest and most valued project of Silver’s gemology career, he said.
The Latest
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.