Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 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