Sotheby’s To Auction 94-Carat Paraíba Tourmaline
The stone is expected to fetch up to $2.7 million.
The 93.94-carat gem named “The Blue Lagoon” is estimated to sell for 1.3 million-2.5 million CHF, or $1.4 million-$2.7 million.
The stone is a Cuprian tourmaline from Mozambique, which has emerged as not only the world's most productive country for the gemstone, but also as one of the leading sources for top-quality colored stones, according to Sotheby’s. This summer at Sotheby’s New York, a 55.22-carat ruby from the country sold for over $30 million.
Paraíba tourmalines, a variety of Cuprian tourmalines, get their name from the Paraíba region of Brazil where they were first discovered in the 1980s, but the term is now granted to greenish-blue specimens of vivid to deep saturation, regardless of the source.
The variety has become one of the most highly sought-after gemstones in the world, Sotheby’s said, often commanding prices surpassing those paid for fine sapphires, rubies, and emeralds.
Top quality Paraíba tourmalines display an extraordinary electric blue hue but are typically small and have a “significant degree” of internal imperfections.
“[The Blue Lagoon’s] impressive size, superlative clarity, and enchanting turquoise color—all achieved without the aid of heat treatment—recall the crystalline waters of a tropical paradise,” Sotheby’s said.
“The Blue Lagoon” is set in a bespoke high jewelry necklace by the 130-year-old European Maison Adler Joailliers, conceived and created exclusively for this stone. The piece features a waterfall of more than 76 carats of round, marquise- and pear-shaped diamonds.
The Paraíba tourmaline is accompanied by a Bellerophon report brochure and an SSEF report with an appendix attesting to its “exceptional” size and quality. The original sketch of the necklace design is also included.
The auction is part of Sotheby’s Luxury Week, a biannual seasonal series held in Hong Kong, New York and Geneva, offering lots across jewelry, watches, handbags, and accessories.
The Latest
It’s showtime for these jewels, inspired by the motifs and color palette of the new Tim Burton film.
CEO Efraim Grinberg pointed to a challenging consumer spending environment, particularly in the watch category.
Inspired by a 19th century sculpture, Mandler transformed gold into liquid for these earrings.
Growing your Instagram following organically is more important than ever in today's technological environment.
The model and entrepreneur stars in two new Chopard campaigns.
Members of the founding family partnered with Mexican retail company El Puerto de Liverpool to possibly take Nordstrom private.
The iconic design has joined a lineup of notable pieces featured in the jeweler’s “With Love, Since 1837” campaign.
Supplier Spotlight Sponsored by GIA.
Ralph Simons is now CEO of the jewelry brand started by fashion designer Michal Kadar and her husband, Avraham Kadar, in 2015.
Jen Cullen Williams and Duvall O’Steen say it’s all about giving your social media feeds a human touch.
The models and friends of founder and artistic designer Valérie Messika showcase the brand’s jewelry in the “Back to Icons” campaign.
“From Italy, With Love” will showcase Roberto Coin, Marco Bicego, and other Italian brands.
The jewelry retailer will also have a diamond-set tennis racket on display at the tournament.
The retailer has moved into a 3,200-square-foot space at The Shops of Highland Park.
The month’s birthstone is vibrant in every color.
The special editions of the Premier, Navitimer, and Chronomat are equipped with a new perpetual calendar movement from the brand.
Fly away with designer Katey Brunini’s butterfly ring, as its spring-loaded wings flutter above your fingers.
The jewelry retailer has a new chief brand officer and chief operations officer.
Its next event will take place in D.C. on Sept. 17 and in New York City on Oct. 29.
“Broken Bangle: The Blunder-Besmirched History of Jade Nomenclature” is an in-depth look at the evolution of jade terminology.
It is partnering with retailer Tanishq on educating salespeople, shaping the in-store experience, and a “360-degree” marketing campaign.
Inflation remained a top concern among survey-takers who included write-in responses.
The wireless carrier is now stocking the Ultrahuman Ring Air in select U.S. stores.
In a collaboration with Muzo, Pamela Love hand-selected each Colombian emerald for eight one-of-a-kind pieces.
The certification is based on employee responses about their experience working at a company.
OFAC has issued two licenses addressing the issue, one for diamond-set jewelry and one for loose diamonds.
The gemological lab is looking to raise up to $477 million.