The 23-carat fancy vivid blue diamond, set to headline Christie’s May jewelry auction, was expected to sell for as much as $50 million.
Pac Team Group to Open NYC Showroom
The packaging and display company’s showroom will be located on West 38th Street between Seventh and Eighth avenues in Manhattan.

Paramus, N.J.--Packaging and display company Pac Team Group announced recently that it will be opening a showroom in Manhattan in mid-February.
It will be located on the top floor of 246 West 38th St., a 14-story building in the city’s Garment District that dates back to 1922.
Pac Team Group, which also makes retail fixture and pricing systems, said it will use the space to allow clients to interact with its latest products in one setting and provide a constructive environment for developing new program.
The company also will use the showroom to demonstrate in a retail environment “smart” solutions from logistics to points-of-sale for the jewelry, watch and eyewear industries. It will be releasing more details on the launch of these “smart” solutions in the coming weeks.
Pac Team Group’s other U.S. locations are its office in Paramus, New Jersey and production facility in Chicago. Internationally, the company has offices and factories in Switzerland, Italy and China.
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