Chrysler Diamond Sells for $5.5M, Upstaging 204-Carat ‘Dancing Sun’
The latter jewel sold for $5 million, within its pre-sale estimate.
Estimated to fetch between $3.5 and $4.5 million, the pear-shaped, D-color, internally flawless 54.03-carat stone sold for nearly $5.1 million.
Set in a necklace, The Chrysler Diamond has an illustrious history.
Harry Winston acquired the stone in 1958, when it was known as the “Louis XIV Diamond,” from Thelma Chrysler Foy’s estate. Foy was the daughter of railroad and automotive scion Walter Chrysler, the namesake of New York City’s Chrysler Building.
While The Chrysler Diamond surpassed its pre-sale expectations, another impressive diamond, “The Dancing Sun,” fell within its $3.5-$5.5 million estimate, selling for nearly $5 million.
The 204.36-carat, VVS2 fancy intense yellow diamond was cut from a 552.74-carat rough recovered from the Diavik Diamond Mine in Canada’s Northwest Territories in 2018. It remains the largest gem-quality diamond on record found in North America.
The Dancing Sun is the largest polished diamond mined in North America.
“The Flawless Match,” a toi et moi-style ring, sold for within its $2.5 million to $3.5 million estimate, earning $2.9 million.
The ring features a 2.52-carat pear-shaped, internally flawless, fancy vivid blue diamond and 2.43-carat pear-shaped internally flawless Type IIa diamond.
Another sale draw was “Jewels by JAR: Property from an Important West Coast Collection,” featuring 19 lots, the largest selection of JAR jewels ever offered at auction, according to Christie’s.
In total, they earned $5.9 million.
JAR’s diamond “Branch Under Snow” bangle bracelet led that array, selling for a whopping $1.9 million and burying its $400,000-$600,000 estimate.
It was part of the Metropolitan Museum of Art’s 2013-2014 exhibition dedicated to the jeweler.
What was expected to be the highest earning JAR lot, a pair of natural pearl and diamond earrings, fell within their $700,000 to $1 million estimate when they sold for $870,000.
JAR proved so popular that it even topped the preceding “Jewels Online” sale, with a pair of “Gardenia” earrings grossing $112,500.
The second highest-earning Jewels Online lot was a pair of Jessica McCormack diamond earrings, which sold for $100,000.
In all, Magnificent Jewels garnered nearly $26.6 million and was 94 percent sold by value and 87 percent sold by lot.
Jewels Online earned almost $3.5 million and was 97 percent sold by lot. Full results are available online.
The retailer, recently acquired by Signet Jewelers, will lay off 119 employees in July.
The Swiss watchmaker introduced 17 new models at Watches & Wonders Geneva.
As part of the promotion, Smith will share his sales expertise during a 90-minute training session.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
At Watches & Wonders, the Swiss brand unveiled a follow-up to last year’s Tonda PF GMT Rattrapante.
The “rêve” collection’s engagement rings and wedding bands are geared toward “sustainability minded customers.”
A new word appears on the dial each day of the week.
De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
Bensons Jewelers closed for good Feb. 24, impacted in part by the decline in foot traffic downtown since the onset of the pandemic.
Kolja Kiofsky has been with the crystal and jewelry company since 2010.
Massimo Basei is moving up, while Chief Commercial Officer Martino Pessina is stepping down.
AGTA GemFair and the Denver Gem & Mineral Show also will have a presence on the show floor.
Sold by Christie’s Hong Kong, this masterwork of complications now holds the record for most expensive watch ever auctioned online.
The watch company expects first-quarter sales to fall as much as 15 percent due to inflation and tough comps.
Adam O’Grady, general manager of the Lightbox Lab, has taken on the new role and will report directly to Lightbox CEO Antoine Borde.
The watch marketplace gathered data from 1.3 million collectors, highlighting the most popular timepieces and exploring value appreciation.
Burgundy has opted not to exercise its option to buy the mining claims Gibb River Diamonds currently owns.
Patented and specialty cuts now can receive an 8X Proprietary Certificate, which can be customized to include a company’s brand and logo.
The organization said it will recognize those who exemplify the idea that doing good is good business.
Kendall Jenner once again is fronting the French brand’s campaign, joined by model and dancer Alton Mason.
The CEOs of Signet, Helzberg, and GIA spoke on a water conservation panel, and had lakes named in their companies’ honor.
Sales of the sleek sterling silver and diamond design will go to nonprofit organization charity: water.
Expected to earn up to $4.5 million, the “Jarretière” bracelet is the star of Christie’s “The Magnificent Jewels of Anne Eisenhower” sale.
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.
Supplier Spotlight Presented by IGI