“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 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