The jewelry company has closed its three California brick-and-mortar stores, as well as its online shop, for now.
43-Carat Kashmir Sapphire Tops Auction at $6 Million
Harry Winston bought the jewel at a Christie’s sale that saw numerous sapphires perform well.

New York—An extraordinary Kashmir sapphire came out on top in a recent jewelry auction.
The top lot of the Christie’s Magnificent Jewels auction held Dec. 8 in New York was a platinum bracelet featuring a 43.10-carat sapphire surrounded by 67.90 carats of D color, internally flawless diamonds. Purchased by none other than Harry Winston, the piece sold for $6 million.
There were a number of other notable sapphires sold in the jewelry auction.
This included a 21.73-carat cabochon Kashmir sapphire ring by Van Cleef & Arpels from 1917 that garnered $1.7 million, an Art Deco Cartier brooch featuring a 12.64-carat Kashmir sapphire and diamonds that went for $1.5 million, and a Burmese sapphire necklace weighing 80.86 carats that sold for $1.1 million.
These follow another sapphire that topped a jewelry auction at Bonhams this week—during the house’s New York Jewels sale on Dec. 7, a 17.21-carat Kashmir sapphire and diamond brooch from the collection of a prominent American family went for $1.1 million. It was estimated to sell for between $500,000 and $800,000.
Meanwhile, at Christie’s, there also was a pair of earrings featuring a 2.61-carat fancy intense purplish-pink pear modified brilliant-cut diamond and a 2.34-carat fancy intense pink pear modified brilliant-cut diamond with colorless diamond accents in platinum and rose gold that went for $2.1 million.
See: Additional Lots in Christie’s NY Magnificent Jewels Auction
The sale also saw a 102.61-carat cushion modified brilliant-cut unmounted diamond in the Y to Z color range sell for above its pre-sale estimate when it garnered $1.7 million, a pair of diamond drop earrings from Moussaieff fetch $942,000, and the Du Pont padparadscha—a 24.58-carat cushion modified mixed-cut sapphire—set in a ring with diamond accents, top its pre-sale high to garner $930,000 on Tuesday.
Magnificent Jewels totaled $44.6 million, selling 95 percent by value and 91 percent by volume after 10 hours of bidding.
For the full results, visit Christies.com.
The Latest

The company is providing the opportunity for an FIT student to work alongside master diamond cutter Willie Lopez in its workshop.

He is remembered for his successful entrepreneurship, generosity, and dedication to his family.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The jewelry store chain has reportedly been struggling with costs related to tariffs as well as tough retail competition.


Welcome warm summer days with red hot rubies perfectly chosen as July’s birthstone.

Co-founders Afzal Imram and Lin Ruiyin brought their son’s story of a cosmic egg, toadstool, and railroad to life in their new collection.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

The best time to prepare for the holiday season is right now, according to columnist Emmanuel Raheb.

This year’s winner is Morgan Keefe, who is currently studying at GIA to be a gemologist.

“The Jewelry Book” comes out this September.

The company is focused on modernizing the custom jewelry buying experience with e-commerce tools like product visualization and 3D styling.

Following its recent acquisition, the storied brand has updated its leadership team and regional managers.

AGS also named the recipient of its “Women in Leadership” scholarship.

The 20-karat yellow gold and diamond wrap ring is modeled after the Monstera plants in the garden of the brand’s Miami villa.

Rocksbox President Allison Vigil shared the retailer’s expansion plans, and her thoughts on opening stores in malls.

The creator of the WJA Chicago chapter is remembered as a champion for women in the jewelry industry and a loving grandmother.

The decline was consistent across age groups and almost all income groups, with tariffs and inflation still top of mind.

The “Playlist: Electric Dreams” collection brings lyrics from the musician’s song, “Little Wing,” to life through fine jewelry.

The event is set for May 16-19 in Detroit, Michigan.

The Vault’s Katherine Jetter is accusing the retailer of using info she shared for a potential partnership to move into Nantucket.

Agents seized 2,193 pieces, a mix of counterfeit Cartier “Love” and “Juste Un Clou” bracelets, and Van Cleef & Arpels’ “Alhambra” design.

The designer brought her children’s book, “The Big Splash Circus,” to life through a collection of playful fine jewelry characters.

The trade association has chosen the recipients of the funding initiative it formed to foster the growth and sustainability of the industry.

The organization has also announced this year’s slate of judges.

Associate Editor Natalie Francisco shares 20 additional pieces that stood out to her at the Couture show.

Lori Tucker started at Williams Jewelers when she was 18 years old.