Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
Check Out the 118-Carat Blue Sapphire Heading to Auction
It’s up for sale at Sotheby’s Hong Kong just two days after the “perfect” 102.39-carat diamond is being sold without reserve.
A 118.88-carat unheated Burmese sapphire (pictured above), dubbed “royal blue” in color by both the SSEF and Gübelin labs, will lead Sotheby’s Hong Kong
The rare cushion-shaped stone is surrounded by pear-shaped diamonds weighing 16.06 total carats and set in a platinum pendant.
It’s the largest Burmese “royal blue” sapphire to be put up for auction at Sotheby’s in the last 20 years, the company said.
Sotheby’s said it expects the stone to sell for more than $5 million.
The Oct. 7 Magnificent Jewels auction in Hong Kong has 118 lots, many of which celebrate color, Sotheby’s said, including several rare colored gemstones and diamonds, avant-garde designs from contemporary Hong Kong jewelers, and iconic designs from houses like Harry Winston and Cartier.
Another expected top lot of the sale is a ring featuring a 4.84-carat fancy vivid blue internally flawless pear-shaped diamond with two brilliant-cut diamond accents weighing 1.10 carats each in platinum and pink gold.
Pictured below, it’s estimated to sell for between $7.2 million and $8.5 million.
There will also be a pair of 18-karat white gold earrings set with pear-shaped colorless diamonds weighing 5.95 and 5.24 carats suspended from a pair of fancy intense blue diamonds weighing 1.95 and 1.63 carats.
They are expected to garner between $3.6 million and $4.6 million.
A 6.41-carat unheated Burmese pigeon’s blood ruby and diamond 18-karat gold ring (seen below) designed and mounted by Hong Kong high jewelry house Forms could sell for as much as $2.9 million.
The auction will also include a selection of “imperial green” jadeite pieces—referring to the finest specimen of Type A, or natural, jadeite jade with a vibrant green color that’s almost transparent.
Highlighting this section is a necklace comprised of 43 jadeite beads of highly translucent brilliant emerald green color weighing approximately 630 carats in total with a clasp set with brilliant-cut and baguette diamonds, as seen below.
A pre-sale estimate for this piece was not available by press time.
Also pictured is a jadeite, fancy vivid purplish-pink diamond and diamond ring designed by Hong Kong designer Nicholas Lieou that could sell for between $1.4 million and $2 million.
In pairing an imperial green jadeite cabochon with pink diamonds, the designer bridged Eastern and Western aesthetics, the auction house said.
The Magnificent Jewels auction is scheduled to take place just two days after the close of another notable sale at Sotheby’s Hong Kong.
On Oct. 5, the house will hold the live auction of a 102.39-carat oval-shaped D flawless diamond that’s being offered without estimate or reserve.
Online bidding for the stone started Sept. 15.
As of Thursday morning, the highest online bid was about $11 million at current exchange rates.
Editor’s note: This story was updated on Oct. 1 to reflect the pre-sale estimate of the 118.88-carat blue sapphire provided by Sotheby’s post-publication.
The Latest
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Sponsored by the Las Vegas Antique Jewelry and Watch Show
Tobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
Stars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
The six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
The “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
The Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
It will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.