Drosos shared her top takeaways from a recent Botswana trip and her insights into the natural diamond market.
Harry Winston Just Acquired the ‘Pink Legacy’ for $50 Million
Sold at Christie’s Geneva Tuesday, the 19-carat stone broke a price-per-carat world auction record for a pink diamond.
Geneva—Christie’s Magnificent Jewels sale held Nov. 13 in Geneva garnered more than $110 million, and nearly half of that was due to a very special pink diamond.
The Pink Legacy, the 18.96-carat rectangular-cut fancy vivid pink diamond, the largest and finest pink diamond Christie’s has offered at auction to date, is now part of the Harry Winston collection.
Christened the “The Winston Pink Legacy,” it sold to the iconic jeweler for $50.4 million, just exceeding its $30-$50 million pre-sale estimate.
It’s the most expensive pink diamond ever sold at Christie’s, and it set a world auction record for highest price per carat for a pink diamond.
Nayla Hayek, CEO of Swatch Group, which owns Harry Winston, said, “We are proud to continue in the Winston tradition of acquiring the finest gems in the world, and tonight The Winston Pink Legacy joins our incredible legacy collection, which began with the acquisition of the 101-carat, D Flawless, Winston Legacy diamond at Christie’s in 2013.”
Christie’s International Head of Jewelry Rahul Kadakia accepted the winning bid for the Pink Legacy after five minutes of “spirited bidding,” the auction house said.
“This exceptional diamond captured the imagination of international collectors across the globe, with over 30,000 people visiting Christie’s sale previews to see this remarkable stone,” Kadakia said. “It has taken its rightful place among the world’s greatest diamonds.”
The pink diamond previously belonged to the Oppenheimer family.
Christie’s said that, overall, its Magnificent Jewels auction sold 90 percent by value and 86 percent by volume, with signed jewels achieving particularly high prices.
A 1924 Art Deco Egyptian revival sautoir by Van Cleef & Arpels sold for $4,332,500, while an early 20th century steel and diamond Cartier tiara earned $492,500.
Four exceptional jewels by JAR were also hot items, with a multi-gemstone bouquet of violets brooch, created in 1993, fetching $732,500.
The Dodge Pearl Necklace, circa 1920, by Cartier well exceeded its $240,000 to $340,000 pre-sale estimate, garnering $1.2 million. The important piece was originally purchased by Horace Elgin Dodge, a founder of the Dodge Motor Car Company, for his wife Anna Thompson and, prior to that, are believed to have been in the collection of Empress Catherine II of Russia.
The Latest
The retailer is expanding its footprint via retail partnerships, previously inking deals with Kohl’s and Macy’s.
Members will now have access to “eBay Concierge,” a white-glove dedicated customer service team.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The deadline to apply is March 29.
CEO Beth Gerstein spoke about the growing appeal of its non-bridal fine jewelry and its expansion plans on its recent earnings call.
Ticketholders can dig for diamonds in the Arkansas park ahead of the eclipse viewing event on April 8.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
The versatile jewel pairs ancient Egyptian inspiration with a modern design.
The company’s rough sales improved for the third sales cycle in a row.
The spring application window closes on March 31.
It aims to support aspiring journalists, media professionals, content creators, and communicators.
“Ice Cold: An Exhibition of Hip-Hop Jewelry” will open at the New York City museum on May 9.
He succeeds David Bouffard, who is leaving Signet and the RJC next month.
Three winners will have their jewelry sketches turned into a real piece of jewelry in time for the holiday.
“Power of Couture” recalls Frédéric Boucheron’s love of fabric using diamonds and rock crystal.
Lilian Raji offers advice to a business owner who is having trouble crossing the finish line with customers.
He brings 30 years of retail store management experience to the role.
At its annual gala, Diamonds Do Good will present awards to GIA, London Jewelers, and Lisa Bridge.
Vibrant gemstones, layered diamond pieces and brooches with a story stole the show.
The 2024 winners expressed gratitude to their teams, industry colleagues, and those who turn jewelry dreams into reality.
They are Marla Aaron, Marie Lichtenberg, and Jean Prounis.
The Jewelers’ Security Alliance will honor the industry veteran at its upcoming annual luncheon.
The annual video stars Pomellato CEO Sabina Belli alongside Jane Fonda and other celebrities and activists.
Sponsored by IGI
The Pennsylvania native, who sold for Gumuchian and others, is remembered for being kind and outgoing.
From three-stone rings to fancy shapes, experts weigh in on what consumers could be looking for this year.