“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

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...

19 august 2019

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

Yellow diamond auctioned off at Christie's for CHF 7.1 million

20 may 2019

The auction “Magnificent Jewels”, which was held on May 15, in Geneva, brought Christie's  CHF 63,145,500. 

                                           Image credit: Christie's

The highlight of the auction was a yellow diamond weighing 118.05 carats, which went under the hammer for CHF 7,085,000, which almost doubled the initial estimate of CHF 2.5 - 3.5 million.
During the auction, an aquamarine and diamond historic tiara created by Carl Faberge was sold for CHF 1,035,000. The tiara was initially estimated to be sold for CHF 230,000-340,000. 
A historically significant emerald, the provenance of which can be traced back to Catherine the Great, also went under the hammer for CHF 4,335,000.
The pear-shaped stone currently weighs 75.61 carats. It was owned by the Russian imperial family for over 100 years. 

      Image credit: Christie's

An exclusive pearl necklace was sold for CHF 5,723,000. The price of the pearl necklace exceeded the estimated cost, which was CHF 3.5 million.
Significant rubies also exceeded the price of one million CHF - a ring with a Burmese ruby weighing 22.86 carats produced by Harry Winston was sold for CHF 7,198,500, while a bracelet and a necklace made of rubies by Van Cleef & Arpels were sold for CHF 1,575,000 and CHF 2,415,000 respectively.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg