Christie’s to Offer 100-Carat Diamond at Auction This Spring
The D-color, internally flawless diamond leads the Geneva Magnificent Jewels auction.
Alrosa dug up the stone in 2016. Weighing 207.29 carats in its rough form, it is the largest gem-quality stone to be recovered from the Zarnitsa pipe at the Udachny Mining and Processing Division.
Zarnitsa was the first major diamond deposit found in Russia in 1954, although Alrosa did not begin mining there until 1998, focusing first on the more accessible Udachny pipe.
Now, Christie’s will broker the sale of the enormous diamond’s polished result at the Geneva Magnificent Jewels sale.
The Spectacle weighs 100.94 carats and is D color and internally flawless. It’s expected to sell for between $12 million and $18 million.
Alrosa cut the stone in Moscow at its “Diamonds of Alrosa” factory. According to Christie’s, The Spectacle is the largest stone to have ever been cut in Russia.
The stone’s nearly perfect clarity allowed Alrosa to cut it into an emerald shape, a cut which is incompatible with imperfections.
Though $18 million is Christie’s high-end estimate, the auctioneer is undoubtedly hoping it fetches a bit more at the May 12 sale at Geneva’s Four Seasons Hotel des Bergues.
In the last 10 years, the auction house has offered two other significant D-color diamonds at the Geneva Magnificent Jewels sale: the 101.73-carat flawless “The Winston Legacy” in 2013 for $26.7 million and the 163.41-carat flawless “Creation I” in 2017 for $33.7 million.
With jewelry sales coming down from their pandemic highs, retailers need to do all they can to retain existing customers, Peter Smith says.
Jewelry historians, authors, and experts will explore the works of Tiffany & Co., Oscar Heyman, Verdura, and more.
Johnson joined the retailer in 1987, establishing its first human resources department.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
Supplier Spotlight Presented by IGI
The industry gathered to celebrate those who elevate the jewelry and watch industries.
At JSA’s annual luncheon, President John J. Kennedy said the organization recorded more than 2,000 cases last year.
De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
It highlights Gabrielle “Coco” Chanel’s lasting influence on modern design.
Jewelers of America’s Amanda Gizzi explores the qualities and accomplishments that make this year’s Gem Award nominees shine.
Here’s what the nine chosen organizations plan to do with the funds.
The designer is nominated for a Gem Award for Jewelry Design.
The jewelry giant’s full-year sales were essentially flat, brought down by fourth-quarter declines.
In its recent results, the company highlighted non-bridal jewelry sales and said its “inventory-light” showroom model may change.
See 15 fabulous pieces from the 2023 Gem Award for Jewelry Design nominees: Anita Ko, Kirsty Stone, and Ron Anderson and David Rees.
The new Cal. E365 movement doubles the running time of the current Eco-Drive models.
The mood among diamantaires is fairly optimistic despite the challenges brought about by sanctions and a cloudy economic outlook.
The mood is bullish as more companies get into the business despite the dramatic drop in lab-grown diamond prices.
Shah talks with National Jeweler about diamond demand, lab-grown, and why it’s difficult to make predictions about the U.S. market.
Hari Krishna Exports and the Dholakia Foundation’s “Mission 100 Sarovar” aims to create 100 lakes to help revive an area of Gujarat.
The educational resource will highlight the positive impact diamonds can make on their journey from mine to market.
Australian mining company Burgundy Diamond Mines announced plans to buy the mine in a deal valued at $136 million.
They will be recognized at the organization’s annual luncheon this weekend in New York City.
Sherry Smith breaks down the results so far this year, including which categories are the sales standouts and which are struggling.
The 1,000-year-old find is now on display in the Dutch National Museum of Antiquities.
More than 200 exhibitors are scheduled for the May 11-14 event.
Gove, who has more than a decade of experience in the diamond industry, is Opsydia’s new sales and marketing director.