There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
30-Carat Yellow Diamond Fails to Sell in Online Auction
The top lot of Freeman’s Jewelry & Watches sale turned out to be a 10.07-carat old European-cut diamond ring, sold for $75,000.
Philadelphia—Though clients and collectors have been gobbling up jewelry in online auctions of late, one big natural colored diamond failed to find a buyer Thursday.
A 29.84-carat radiant-cut fancy-light yellow diamond set in an 18-karat gold ring and flanked by triangular-cut diamonds weighing 1.45 and 1.43 carats led the online Jewelry & Watches auction at Freeman’s in Philadelphia.
The auction house estimated the stone would garner between $350,000 and $450,000, but the stone ended up going unsold.
Freeman’s watch and jewelry auction featured 125 lots comprised of large diamonds, colored stones, vintage and antique jewels, and signed pieces from makers like Cartier, Tiffany, Rolex, Van Cleef & Arpels and David Webb.
The top lot turned out to be an N color, VS2 clarity 10.07-carat old European-cut diamond solitaire flanked by old European-cut diamonds and mounted in platinum.
It sold for $75,000 (buyer’s premium included), falling short of its pre-sale estimate of $80,000 to $100,000.
This was followed by another diamond solitaire ring that was half the size but better color. The ring featured an E color, SI2 clarity 4.79-carat cushion-cut diamond accented by single-cut diamonds and mounted in platinum (pictured below).
It sold for $71,875, higher than its pre-sale estimate of between $30,000 and $50,000.
Other notable lots that sold included a diamond and platinum Cartier London bracelet weighing a total of 25.50 carats that went for $53,125, compared with a pre-sale estimate of between $20,000 and $30,000.
There were also two bracelets from Webb’s Animal Kingdom collection—an enamel, diamond, emerald and 18-karat gold elephant bangle that sold for $37,500, and an enamel, diamond, ruby and 18-karat gold zebra bangle that garnered $30,000.
The Latest
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry 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.
Ho Brothers offers scalable solutions for the future of custom jewelry.
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.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.
“Chopard x Julia Roberts” showcases the first gems cut from the 6,000-carat-plus “Insofu Emerald."
The jewelry giant also posted a double-digit drop in same-store sales for the full year.
The Gianmaria Buccellati Foundation Award for Excellence in Jewelry Design was presented to a graduate of the GIA school in Taipei.