The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

Yesterday

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

Bulgari diamond ring sold for more than $18 M at Christie’s

07 december 2018

A Bulgari diamond ring surpassed its estimate at Christie’s in New York, bringing in more than $18 million.
The cushion-cut, 8.08-carat, fancy-vivid-blue piece was the event’s top seller at $18.3 million, beating its presale estimate of $13 million to $18 million.

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Image credit: Christie's


Proceeds at Christie’s Magnificent Jewels auction came to $69.2 million, with 95% of lots sold by value. Those items included a heart-shaped, 15.56-carat, fancy intense-pink diamond-pendant necklace, which garnered $9.5 million against a presale estimate of $9.5 million to $12 million.
Other notable lots included a 28.70-carat, D-color, VVS2-clarity, type IIa diamond ring from the estate of art collector Lee Vandervelde. That piece sold for $2.1 million, exceeding its $1.5 million to $2 million presale estimate.
A pair of earrings weighing a combined 77.71 carats, cut from the 187.63-carat Diavik Foxfire — North America’s largest known gem-quality rough diamond — brought in $1.6 million. Its original valuation was $1.3 million to $3 million. An 8.09-carat, fancy-vivid-yellow diamond ring by Gillot & Co. achieved $1.3 million, versus its presale estimate of $900,000 to $1.2 million.
According to Daphne Lingon, head of jewelry for Christie’s Americas, the prices achieved in our New York sale mark a perfect ending to our successful year of global jewelry auctions.”

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels