Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
24-Carat ‘Moon of Baroda’ Diamond Sells for $1.3M
A signed photograph of Marilyn Monroe wearing the fancy yellow pear-shaped diamond also sold at Christie’s jewelry auction Tuesday.
Hong Kong—The 24-carat yellow diamond that captivated Indian and Hollywood royalty alike sold for $1.3 million at the Christie’s Hong Kong jewelry auction Tuesday.
The “Moon of Baroda,” a 24.04-carat fancy yellow pear modified brilliant-cut diamond suspended on a black leather cord, nearly doubled its highest pre-sale estimate of $750,000 (when including buyer’s premium).
Hollywood icon Marilyn Monroe wore the stone in 1953 while promoting the release of “Gentleman Prefer Blondes,” the film where she famously sang “Diamonds Are a Girl’s Best Friend.”
Christie’s said the Gemological Institute of America determined the diamond was unearthed at Golconda, the region of India known today as Hyderabad that produced some of the world’s biggest and most beautiful diamonds until its mines ran dry in the early part of the 20th century.
Christie’s said The Moon of Baroda was likely mined there between the 15th and 17th centuries.
At one time, the diamond might have been part of the collection of the Gaekwads of Baroda, one of India’s wealthiest ruling families.
In more recent years, the diamond has belonged to Cleveland, Ohio-based diamond cutter Samuel H. Deutsch, who bought it in 1944 and sold it to Meyer Rosenbaum, president of Detroit’s Meyer Jewelry Company, in 1953.
Nearly four decades later, The Moon of Baroda went up on the block at a jewelry auction, selling at Christie’s New York for $297,000 in 1990.
Selling alongside the Moon of Baroda at Christie’s Hong Kong Tuesday was a black-and-white photograph of Monroe wearing the necklace (pictured above), signed and inscribed with: “To Meyer Thanks for the chance to wear the Moon of Baroda.”
The picture went for about $35,000, more than doubling its pre-sale estimate.
Also sold Tuesday at the jewelry auction was “The Peacock Necklace” (pictured above), a diamond and sapphire necklace set with 21 Kashmir sapphires weighing a total of 109.08 carats.
The auction house estimated it would go for between $12 and $15 million. The necklace ended up selling at the high end of its estimated range, garnering about $14.9 million.
For a full list of results of the Magnificent Jewels auction, visit Christies.com.
The Latest
Owner David Mann is heading into retirement.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Despite the rising prices, consumers continue to seek out the precious metal.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
The site has been down since Thursday evening, just ahead of its spring auctions.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
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.
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.
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 highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
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.