GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Japan collector wins 102.39-carat oval diamond at Sotheby’s auction in Hong Kong

07 october 2020
Image credit: Sotheby's

A private collector from Japan won the bid in an unprecedented single-lot live auction and named it “Maiko Star” after his second daughter. The same collector earlier snapped up the 88.22-carat “Manami Star” at Sotheby’s in April 2019, according to the auction house. The exceptional 102.39-carat D-colour flawless oval diamond sold for around US$15.7 mn at a Sotheby’s sale – the first world-class diamond ever to be auctioned without reserve.
Patti Wong, chairman of Sotheby’s Asia, commented, “This extraordinary gem needed no help from a pre-sale estimate or reserve to reach its rightful price – just the instinctive desire of collectors to own one of the earth’s greatest treasures.”
The diamond belongs to the rare subgroup comprising less than 2 per cent of all gem diamonds, known as Type IIA. Diamonds in this group are the most chemically pure type and often have exceptional optical transparency.
Offered without reserve – a first at auction for such a significant lot – the diamond attracted huge buyer interest, with bids quickly escalating around $0.13 mn to well over around $13 million. Some of those bids were also placed online, the highest of which was around $10.97 mn, the highest value bid ever placed on a jewel online.
The flawless oval diamond came from a 271-carat rough discovered at the Victor Mine in Ontario, Canada in 2018. Till date only eight D-colour internally flawless or flawless white diamonds of over 100 carats were ever sold at auction.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished