A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
2 Top Lots Withdrawn, Jadeite Necklace Sells for $8M at Sotheby’s
The 118.88-carat Burmese sapphire touted ahead of the sale didn’t go up for auction in Hong Kong Wednesday.
Hong Kong—Like almost everything else in 2020, the sale of two jewels expected to go for millions at Sotheby’s Magnificent Jewels sale in Hong Kong Wednesday didn’t go as planned.
Ahead of the sale, the auction house highlighted one special gemstone it predicted would be one of the top lots: a 118.88-carat unheated Burmese sapphire graded as “royal blue” in color by both the SSEF and Gübelin labs (pictured below).
The rare cushion-shaped stone, which is surrounded by pear-shaped diamonds weighing 16.06 total carats and set in a platinum pendant, was expected to sell for more than $5 million, a spokesperson confirmed to National Jeweler when news of its auction was announced.
But the lot was withdrawn ahead of the sale Wednesday, Sotheby’s confirmed.
Also taken out of the sale was a 4.84-carat fancy vivid blue internally flawless pear-shaped diamond with two brilliant-cut diamond accents, estimated to sell for between $7.2 million and $8.5 million.
Though no official reason was given for the gemstones’ withdrawal, it came just two days after a “perfect” 102-carat diamond underwhelmed at the same auction house in the same city. The giant D flawless stone went for $15.7 million, far less than what similar stones have sold for in recent years.
The top lot of Sotheby’s Magnificent Jewels sale ended up being a necklace comprised of 43 jadeite beads of a “highly translucent brilliant emerald green color” weighing approximately 630 total carats and featuring a clasp set with brilliant-cut and baguette diamonds.
It sold for $8.1 million at the jewelry auction.
This was followed by a ring featuring a 5.22-carat fancy intense blue diamond with single- and old European-cut shoulders. It sold for $4.5 million, topping its highest pre-sale estimate of $3.9 million.
The third highest grossing lot was a 6.41-carat unheated Burmese pigeon’s blood ruby and diamond ring (pictured below) designed and mounted by Hong Kong high jewelry house Forms, which sold for $2.8 million.
Coming at No. 4 was a 16.38-carat emerald-cut diamond set between tapered baguette diamonds and mounted in platinum. It sold for $2.5 million.
Among the lots that failed to find a buyer on Wednesday were a pair of earrings featuring pear-shaped and fancy intense blue diamonds expected to sell for as much as $4.6 million and a jadeite bracelet expected to fetch as much as $3.4 million.
The Magnificent Jewels auction was 77 percent sold by lot and
The Latest
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.