Category Archives: PEOPLE

India says the famous blue Kohinoor diamond belongs to England

india-says-kohinoor-diamond-belongs-to-britain-image www.worldwidediamonds.info

India’s government has told the country’s top court it won’t try to reclaim the 105-carat Koh-i-Noor diamond, which is now part of the British crown jewels.

Kohinoor, one of the world’s largest diamonds, has been at the centre of a diplomatic row between New Delhi and London, with India arguing for decades that it should get it back.

Kohinoor has been part of the British crown jewels for more than 150 years.But the government headed by Narendra Modi told the Supreme Court on Monday that Kohinoor was neither “forcibly taken nor stolen” by the British during colonial times, BBC reports.

The court said it’d take its time to make a decision as the verdict could “stand in the way” of future attempts to bring back items that once belonged to India.

Kohinoor has been part of the British crown jewels for more than 150 years and today forms part of a crown that was worn by the late mother of Queen Elizabeth, currently on display in the Tower of London,.

For many Indians, returning the diamond would be symbolic of India’s subjugation and a compensation for the excesses of the British during their colonial rule.

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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.

shirley-temple-blue-diamond image www.worldwidediamonds.info

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

De Beers blue diamond smashes sales records in Asia, fetches almost $32M at auction

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The “De Beers Millennium Jewel 4” may not have the catchiest name in the history of famous diamonds, but the very rare 10.10-carat blue gem has just broke all auction records in Asia, as it fetched almost $32 million.

The rock, the largest oval fancy vivid blue diamond to ever appear at auction, was auctioned off by Sotheby’s in Hong Kong as part of a high profile gem sale.

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The internally flawless diamond was part of the Millennium Jewels collection, unveiled by De Beers in 2000 to commemorate the turn of the century, and displayed at London’s Millennium Dome.

At the time, the blue gem was the target of an attempted multi-million pound robbery in November 2000, which was foiled by the Metropolitan Police.

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The auction house will sell another coveted blue diamond, set in a ring once owned by former child star Shirley Temple, on April 19, in the U.S.

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Henry Sapiecha

Hong Kong Tycoon Grabs $48.5Mn Blue Moon Diamond for Daughter at Sotheby’s Auction

Published on Nov 12, 2015

An exceptionally large blue diamond sold Wednesday for 48.6 million Swiss francs ($48.5 million) – a record price for any jewel at auction, Sotheby’s said, culminating two Geneva auctions in which a convicted Hong Kong tycoon, Joseph Lau, bought rare coloured diamonds for his daughter.

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The 12.03-carat ‘Blue Moon’ diamond, set in a ring, was said to be among the largest known fancy vivid blue diamonds and was the showpiece gem at the Sotheby’s jewelry auction.

A packed room broke into applause after the hammer came down at a price of 43.2 million Swiss francs, excluding fees – within the pre-auction estimate range of about 34 to 54 million francs.

The Blue Moon – so-called in reference to its rarity, playing off the expression “once in a blue moon” – topped the previous record of $46.2 million set five years ago by the Graff Pink, Sotheby’s said.

The diamond also set a new record of more than $4 million per carat, capping the daylong high-end jewelry sale that reaped roughly $140 million.

Blue diamonds are formed when boron is mixed with carbon when the gem is created.

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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

Elizabeth Taylor’s Taj Mahal Diamond at Center of Legal Dispute

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Elizabeth Taylor‘s heart-shaped diamond, known as the “Taj Mahal”, is at the center of a legal battle between the trustees of the actress’ estate and Christie’s auction house, LA Times reports. The stone was sold for more than $8 million to an anonymous buyer in 2011.

The dispute focuses on an inscription on the piece that bears the name of a Mughal emperor’s wife. Months after the diamond’s sale, the buyer demanded that the sale be canceled based on the buyer’s contention that the stone was not from the Mughal period.

Christie’s agreed to cancel the sale, and demanded  that Taylor’s trust return more than $7 million it received from the sale. The trustees allege the auction house has violated its agreement to auction off the estate and did so only to appease a “VIP customer”.

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Henry Sapiecha