In a market defined by more selective consumers, Sherry Smith shares why execution will be independent jewelers’ key to growth this year.
This Locket From Queen Victoria Sold for Well Above Its Pre-Sale Estimate
It was offered at auctioneer Cheffins alongside other items Queen Victoria gifted to her goddaughters.

Cambridge, U.K.—Gifts from Queen Victoria to two of her goddaughters hit the auction block this month.
Part of Cambridge, England auctioneer Cheffins’ “Jewellery, Silver and Watches” sale, the most buzzed about item was a gold locket Queen Victoria gave to her goddaughter Lady Victoria Scott.
Monogrammed with “VR” on the front and featuring a personal engraving reading, “To Lady Victoria Scott, on her marriage Feb y, 23 1865 from Victoria R.” Queen Victoria gave the locket on occasion of her goddaughter’s marriage to Schomberg Henry Kerr, 9th Marquess of Lothian.
The gold locket is set with diamonds, emeralds and rubies and was estimated to fetch between £3,000 and £5,000 (about $3,971 to $6,618 at current exchange rates).
It went for six times the low end of that estimate when it garnered £18,000, or $23,824, selling to a Chinese telephone bidder.
The pearl and diamond convertible brooch/pendant with original fitted case is engraved: “To Lady Victoria Alexandrina Alberta Kerr from her Godmother VICTORIA R 11 December 1876.”
The jewel was accompanied by a cased portrait miniature of the child and original letters from Queen Victoria and Lady Victoria Scott, as seen in the picture just above.
The lot fetched £8,000 ($10,589), double the low estimate of £4,000 ($5,294).
Other sale highlights were a portrait miniature of Charlotte Thynne, Duchess of Buccleuch, by artist, Robert Thorburn, which sold for £2400 ($3,177), though originally only estimated to earn between £600 and £800 ($794 and $1,059), and an amber snuff box that was another gift from Queen Victoria to one of her direct descendants, which sold for £3,200 ($4,235).
Cheffins Head of Jewelry, Silver and Watches, Steven Collins, said: “Any jewelry with royal connections is always an exciting find when it surfaces on the art market and these pieces come with cast-iron provenance from direct descent of the family.
“The result achieved for the locket gifted to Lady Victoria Scott was over and above expectations, with competitive bidding on multiple phone lines and online from interested parties from across the globe.”
Full sale results are online.
The Latest

The family-owned jeweler’s new space is in a former wholesale produce market.

Ivel Sanchez Rivera, 52, has been arrested and charged in connection with the armed robbery of Tio Jewelers in Cape Coral, Florida.

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

The supplier’s online program allows customers to search and buy calibrated natural and lab-grown diamond melee, including in fancy shapes.


The new show will take place Jan. 23-25, 2026.

Associate Editor Natalie Francisco highlights her favorite jewelry moments from the Golden Globes, and they are (mostly) white hot.

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

Yantzer is remembered for the profound influence he had on diamond cut grading as well as his contagious smile and quick wit.

The store closures are part of the retailer’s “Bold New Chapter” turnaround plan.

Through EventGuard, the company will offer event liability and cancellation insurance, including wedding coverage.

Chris Blakeslee has experience at Athleta and Alo Yoga. Kendra Scott will remain on board as executive chair and chief visionary officer.

The credit card companies’ surveys examined where consumers shopped, what they bought, and what they valued this holiday season.

The “Serenity” charm set with 13 opals is a modern amulet offering protection, guidance, and intention, the brand said.

“Bridgerton” actresses Hannah Dodd and Claudia Jessie star in the brand’s “Rules to Love By” campaign.

Founded by jeweler and sculptor Ana Khouri, the brand is “expanding the boundaries of what high jewelry can be.”

The jewelry manufacturer and supplier is going with a fiery shade it says symbolizes power and transformation.

The singer-songwriter will make her debut as the French luxury brand’s new ambassador in a campaign for its “Coco Crush” jewelry line.

The nonprofit’s new president and CEO, Annie Doresca, also began her role this month.

As the shopping mall model evolves and online retail grows, Smith shares his predictions for the future of physical stores.

The trade show is slated for Jan. 31-Feb. 2 at The Lighthouse in New York City's Chelsea neighborhood.

January’s birthstone comes in a rainbow of colors, from the traditional red to orange, purple, and green.

The annual report highlights how it supported communities in areas where natural diamonds are mined, crafted, and sold.

Footage of a fight breaking out in the NYC Diamond District was viewed millions of times on Instagram and Facebook.

The supplier has a curated list of must-have tools for jewelers doing in-house custom work this year.

The Signet Jewelers-owned store, which turned 100 last year, calls its new concept stores “The Edit.”

Linda Coutu is rejoining the precious metals provider as its director of sales.
























