Prosecutors say the man attended arts and craft fairs claiming he was a third-generation jeweler who was a member of the Pueblo tribe.
This Burmese Ruby Could Fetch Up to $5.5M at Auction
“The duPont Ruby,” from The Virginia Museum of Fine Arts, leads Christie’s New York’s Magnificent Jewels sale this week.

New York—Two important jewels from The Virginia Museum of Fine Arts are headlining Christie’s New York’s Magnificent Jewels sale, happening this week.
Prior to being acquired from VMFA, both jewels originated in the collection of Mrs. Alfred I. duPont. One of America’s wealthiest families, the duPonts made their fortune in gunpowder manufacturing in the 19th century.
“The duPont Ruby” brooch, estimated to fetch between $3.5 million and $5.5 million, features an 11.20-carat cushion mixed-cut pigeon blood Burmese ruby, not heat-treated.
Pictured at top, it sits in a platinum and 18-karat white gold brooch set with rectangular- and trapezoid-shaped emeralds, French-, old- and marquise-cut diamonds and pearls.
The platinum ring also features old-cut diamonds.
Proceeds from the sale of the duPont pieces will benefit future VMFA acquisitions.
Another jewel from the early 20th century Belle Époque era is tied with “The duPont Ruby” for highest estimated sale price at Magnificent Jewels.
Circa 1915, the above ring features a Kashmir cabochon 30.14-carat sapphire with no evidence of heat or clarity enhancement set in platinum with old-cut diamonds. It’s also expected to garner between $3.5 million and $5.5 million.
The pictured blue diamond ring is another of the sale’s top lots. The fancy vivid blue round-cornered rectangular modified brilliant-cut 3.07-carat diamond set in platinum is expected to earn between $3 million and $4 million.
Colorless diamonds are also likely to make a splash at the sale, in particular the above Type IIa D-color, flawless rectangular-cut 24.13-carat diamond, flanked by trapezoid-shaped diamonds and set in platinum.
It’s predicted to sell for between $2 million and $3 million.
The above diamond is also expected to earn $2 million to $3 million. By Harry Winston, the Type IIa D-color, potentially internally flawless, rectangular-cut 23.55-carat diamond is flanked by triangular-shaped diamonds and set in platinum.
The Magnificent Jewels auction features many signed pieces from the likes of Belperron, Boivin, Cartier, Fouquet, René Lalique and Van Cleef & Arpels.
One notable piece from Lalique is the above signed Art Nouveau enamel, glass, diamond and aquamarine pendant necklace, circa 1915.
The pendant can be detached and also worn as a brooch. It’s estimated to sell for between $150,000 and $250,000.
Pieces
The diamond, ruby, platinum and white leather Beats Pro headphones by Graff are expected to sell for between $100,000 and $150,000 and were created for performers at Super Bowl XLVI: LMFAO, Madonna and Lil’ Wayne.
They’re crafted with more than 1,500 diamonds weighing more than 120 carats and 28 rubies weighing 3.35 carats.
Magnificent Jewels will take place Dec. 11 in New York City. To see the full listing of lots, visit Christies.com.
The Latest

New CEO Berta de Pablos-Barbier shared her priorities for the Danish jewelry company this year as part of its fourth-quarter results.

Our Piece of the Week picks are these bespoke rings the “Wuthering Heights” stars have been spotted wearing during the film’s press tour.

Launched in 2023, the program will help the passing of knowledge between generations and alleviate the shortage of bench jewelers.

The introduction of platinum plating will reduce its reliance on silver amid volatile price swings, said Pandora.


It would be the third impairment charge in three years on De Beers Group, which continues to grapple with a “challenging” diamond market.

The Omaha jewelry store’s multi-million-dollar renovation is scheduled to begin in mid-May and take about six months.

Criminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.

The “Paradise Amethyst” collection focuses on amethyst, pink tourmaline, garnet, and 18-karat yellow gold beads.

The retailer credited its Roberto Coin campaign, in part, for boosting its North America sales.

Sherry Smith unpacks independent retailers’ January performance and gives tips for navigating the slow-growth year ahead.

From how to get an invoice paid to getting merchandise returned, JVC’s Sara Yood answers some complex questions.

Amethyst, the birthstone for February, is a gemstone to watch this year with its rich purple hue and affordable price point.

The Italian jewelry company appointed Matteo Cuelli to the newly created role.

The manufacturer said the changes are designed to improve speed, reliability, innovation, and service.

President Trump said he has reached a trade deal with India, which, when made official, will bring relief to the country’s diamond industry.

The designer’s latest collection takes inspiration from her classic designs, reimagining the motifs in new forms.

The watchmaker moved its U.S. headquarters to a space it said fosters creativity and forward-thinking solutions in Jersey City, New Jersey.

The company also announced a new partnership with GemGuide and the pending launch of an education-focused membership program.

IGI is buying the colored gemstone grading laboratory through IGI USA, and AGL will continue to operate as its own brand.

The Texas jeweler said its team is “incredibly resilient” and thanked its community for showing support.

From cool-toned metal to ring stacks, Associate Editor Natalie Francisco highlights the jewelry trends she spotted at the Grammy Awards.

The medals feature a split-texture design highlighting the fact that the 2026 Olympics are taking place in two different cities.

From tech platforms to candy companies, here’s how some of the highest-ranking brands earned their spot on the list.

The “Khol” ring, our Piece of the Week, transforms the traditional Indian Khol drum into playful jewelry through hand-carved lapis.

The catalog includes more than 100 styles of stock, pre-printed, and custom tags and labels, as well as bar code technology products.

The chocolatier is bringing back its chocolate-inspired locket, offering sets of two to celebrate “perfect pairs.”


























