GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

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