Category Archives: DIAMOND JEWELLERY

Massive Cullinan Dream blue diamond fetches over $25m at auction

Price fetched makes it the most expensive fancy intense blue diamond ever sold at auction.

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The Cullinan Dream in the rough.

A 24.18-carat intense blue diamond known as The Cullinan Dream has just sold for $25.4 million at Christie’s Magnificent Jewels auction in New York, breaking all records and becoming the most expensive gem of its kind ever sold at auction.

The diamond, cut from a 122.52-carat rock found at Petra Diamond’s (LON:PDL) Cullinan mine in South Africa in 2014, is the largest of four blue diamonds made from the original.

The Cullinan Dream, a cut-cornered rectangular mixed-cut diamond, has been classified by the Gemological Institute of America as Type IIb. Those kinds of gems are very rare and account for less than one-half of 1% of all diamonds found in nature.

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The Cullinan Dream is now a cut-cornered rectangular mixed-cut fancy intense blue diamond, weighing approximately 24.18 carats.

Type IIb gems contain a small amount of the element boron trapped in the crystal carbon structure during their formation that can give rise to a blue or grey coloration, Petra Diamonds said in a statement.

The mine is best known for the discovery of the Cullinan diamond, at 3,106 carats the largest rough diamond ever found. The gem was cut into two highly significant diamonds, which can be found in the British Crown Jewels.

Cullinan-Dream is now a cut-cornered rectangular mixed-cut fancy intense blue diamond, weighing approximately 24.18 carats.image www.worldwidediamonds.info

It is flanked on either side by a tapered baguette-cut diamond and set in a platinum ring, inscribed “Cullinan Dream”.

Since acquiring a majority stake in the mine in 2008, Petra Diamonds has found some high-profile blue diamonds, including “The Blue Moon of Josephine,” which sold in November for $48.5 million and “The Star of Josephine” — a 7.03 carat polished stone that sold in 2009 for $9.49 million, representing what at the time was a world record price per carat of $1.35 million.

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DDD

Henry Sapiecha

Shirley Temple’s fancy vivid blue 9.54 ct diamond ring fails to sell at auction

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A rare 9.54-carat blue diamond ring that belonged to former child star Shirley Temple has failed to buy a buyer at a touted Sotheby’s auction in New York.

The ring, flush in its original Art Deco setting, was originally expected to bring between $25 million and $35 million.

In the last two months, Sotheby’s heavily promoted the ring, exhibiting it at its bureaus in Hong Kong and Los Angeles and taking it on a major media tour.

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The Fancy Deep Blue diamond ring was expected to fetch up to $35 million. (Image courtesy of Sotheby’s)

The Hollywood actress’ father gave her the jewel in 1940, around the time of her 12th birthday and when the girl’s film “The Blue Bird” premiered. Temple’s father paid $7,210 for the ring, the auction house said last month.

Despite its history and rarity — the rock is, after all, fancy deep blue — the ring remains in Sotheby’s hands.

Depending on the lot’s consigner’s preferences, the ring could be recalled, considered for a private sale orchestrated by the auction house, or saved for a future public sale.

Last year, Sotheby’s set a fresh world auction record for any diamond or gemstone ― as well as a record price-per-carat for any diamond or gemstone ― when a 12.03-carat Fancy Vivid Blue diamond sold for $48.5 million.

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Henry Sapiecha

Kim Kardashian Buys Diamond Bracelets that Belonged to Elizabeth Taylor

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Reality TV star Kim Kardashian, who interviewed Elizabeth Taylor for Harper’s Bazaar in February, reportedly paid $65,000 for some of Taylor’s diamond bangle bracelets at last week’s record-breaking auction of the late actress’ jewelry and clothing.
According to blogs, Kardashian chose three jade and diamond bracelets by celebrity jewelry designer Lorraine Schwartz.
Taylor’s jewelry brought in a total of $118 million, making it the most expensive private collection of jewels ever auctioned.
Many of the pieces sold for millions above their pre-sale estimates, such as the Krupp diamond ring, which had been expected to sell for $2.5-$3.5 million but eventually went for over $8.8 million.

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Henry Sapiecha

Coronet Gets Guinness World Record for $2 Million Diamond Guitar

Diamond

Hong Kong-based Jewelry brand Coronet celebrated its first appearance in Baselworld with a bang: the company partnered with Chow Tai Fook and designer Mark Lui to create a $2 million Diamond Gibson Guitar, and entered the Guinness Book of Records as the maker of the most valuable guitar ever made.

Named “Eden of Coronet”, the guitar is adorned with over 400 carat diamonds set in approximately 1.6kg of 18k gold.

According to Coronet, the guitar took a team of 68 people to produce, adding up to 700 work days to complete.

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Henry Sapiecha

P N Gadgil Jewellers of India sets up diamond manufacturing unit

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MUMBAI: P N Gadgil Jewellers today said it wants to scale up its diamond jewellery segment for which the company has set up a separate manufacturing unit.

“Our diamond factory, which has a capacity to produce 5,000 pieces a month, will design unique hand-made diamond jewelleries that will amalgamate with evolving market.

“This new venture is just the beginning. There’s a lot to be done,” P N Gadgil Jewellers Chairman and Managing Director Saurabh Gadgil said in a release issued here.

Gadgil diamond factory is a new business venture that will increase the diamond jewellery production by four times, he added.

“Eighty per cent of the jewellery manufactured in the diamond factory will be retailed in the domestic market and the rest 20 per cent will be exported,” Gadgil said.

It will present a variety of designs in gold jewellery with diamond settings and the designs will include exquisite handmade diamond jewellery crafted with beautiful solitaires, and diamonds in micro settings.

All diamonds used will be certified by GIA, ICI, SGL certification, justifying their standards in terms of quality.

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Henry Sapiecha

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