AuctionsMay 16, 2024
Christie’s Holds 2 Sales Despite CyberattackThough its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
SourcingJul 27, 2017
Rio Tinto Debuts Biggest Red Diamond in Tender History
Also discovered at Wednesday’s tender preview: the author of “The Notebook” is a collector of red diamonds from the Argyle mine.
The 2.11-carat radiant-cut fancy red Argyle Everglow, the top lot of the 2017 Argyle Pink Diamonds Tender
New York--There were at least two things to learn at Rio Tinto’s preview of its 2017 Argyle Pink Diamonds Tender, held Wednesday in New York.
Number one: this year’s sale of rare colored diamonds from the Argyle mine in Australia contains the biggest fancy red diamond in the tender’s 33-year history.
Number two: one of the world’s best-selling and most well-known authors is an avid collector of red diamonds.
The Argyle Everglow is a 2.11-carat radiant-cut fancy red diamond and is one of five “hero” stones in this year’s Argyle Pink Diamonds Tender. (Hero stones are diamonds of relatively large size and exceptional color, and are the only tender diamonds that Rio Tinto names.)
The third lot of the tender, the Argyle Avaline, a 2.42-carat cushion-shaped fancy purple-pink
The 2.11-carat radiant-cut fancy red Argyle Everglow, the top lot of the 2017 Argyle Pink Diamonds Tender
Another radiant-cut fancy red diamond, the 1.14-carat Argyle Isla
A 1.50-carat oval-shaped fancy deep pink diamond, the Argyle Kalina
The Argyle Liberté, a 0.91-carat radiant-shaped fancy deep gray-violet diamond
The five “hero” stones side by side
The other four hero diamonds of this year’s tender, which has been named “Custodians of Rare Beauty,” are:
--The Argyle Isla, a 1.14-carat fancy red radiant;
--The Argyle Avaline, a 2.42-carat fancy purple-pink cushion;
--The Argyle Kalina, a 1.50-carat fancy deep pink oval; and
--The Argyle Liberté, a 0.91-carat fancy deep gray-violet radiant-cut diamond.
Including the five hero stones, this year’s tender totals 58 diamonds weighing 49.39 carats and all graded by the Gemological Institute of America.
Four graded fancy red and another four as purplish red. There were also two violet diamonds and one blue, with the remaining 41 graded pink.
Following the preview held this week in New York, the diamonds will travel to Hong Kong and then come back to New York in September, before returning to Australia where they were mined.
Bids close Oct. 11.
Nestled among the hero stones at Wednesday afternoon’s event in New York was jewelry from boutique diamond company JFine, L.J. West Diamonds--which had on display the 2.83-carat Argyle Violet diamond it purchased from last year’s tender--and one very special pair of earrings.
A “hero” from last year’s tender resurfaced at Wednesday’s event. L.J. West Diamonds purchased the amazing 2.83-carat Argyle Violet and set it in a ring surrounded by 10 round vivid and two heart-shaped Argyle pinks.
Also at the event from JFine, which is an authorized partner of Argyle Pink Diamonds, was this ring with a 0.48-carat fancy purplish-red radiant-cut diamond surrounded by nine pear-shaped white diamonds (2.70 carats total) set in 18-karat white and pink gold.
Also on display at Rio Tinto’s event Wednesday in New York was JFine’s “Argyle Saddle Cuff,” with 3.21 carats of Argyle pink diamonds and 0.98 carats of white diamonds set in 18-karat pink gold
The main stones in the “Argyle Allegro Red Roses” earrings from the Nicholas Sparks Collection are 1.37 carats each, and the pair together contain nearly 10 carats of red diamonds with pink melee, all set in platinum.
The “Argyle Allegro Red Roses” earrings are one of 12 pieces in the new “Nicholas Sparks Collection.” They are set with nearly 10 carats of red diamonds, including the Argyle Allegro, a 0.79-carat fancy red radiant that was part of the 2015 Argyle tender.
And, yes, this is the Nicholas Sparks of “The Notebook” fame.
David Shara, CEO of Optimum Diamonds, a New York-based company that specializes in colored diamonds and works with the author, said that Sparks is a “serious collector” of red diamonds from the Argyle mine; in addition to the 20 set in the Roses earrings, he has “a few dozen more.”
He’s chosen to share his diamonds via a dozen
Editors' Picks
Sponsored by
pieces of jewelry that will go on display in museums in Washington, D.C., New York, Los Angeles and London but won’t be for sale, at least not right away.
“For now,” Shara said, “he has no intention of selling anything.”
“(Sparks) is a collector,” Shara continued. “He is a real collector and connoisseur and investor. He understands, really, that Argyle is closing in (a few) years.
“He says in three years or five years, when Argyle closes, what’ the price going to do? Obviously, it’s going to go up.”
“For now,” Shara said, “he has no intention of selling anything.”
“(Sparks) is a collector,” Shara continued. “He is a real collector and connoisseur and investor. He understands, really, that Argyle is closing in (a few) years.
“He says in three years or five years, when Argyle closes, what’ the price going to do? Obviously, it’s going to go up.”
More on Sourcing
The Latest
AuctionsMay 16, 2024
Sotheby’s Withdraws 101-Carat Yellow Diamond from AuctionDespite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
ColumnistsMay 16, 2024
The PR Adviser: What the Designer Should’ve DoneLilian Raji gives advice to designers on how to make the most of great publicity opportunities.
Brought to you by
Record Gold Prices Have Consumers Undeterred. Here’s Why.Despite the rising prices, consumers continue to seek out the precious metal.
ColumnistsMay 15, 2024
Squirrel Spotting: Why Retailers Struggle to Fire BrandsWhy do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
Weekly QuizMay 16, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
AuctionsMay 15, 2024
Red Diamond Breaks Records at Phillips GenevaThe “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
Events & AwardsMay 15, 2024
See Who’s in JA’s 2024 ‘20 Under 40’ ClassThe annual list recognizes young professionals making an impact in jewelry retail.
Brought to you by
From Registration to Return: 10 Tips to Protect You Before, During and After a TradeshowTradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
IndependentsMay 15, 2024
David Mann Jewelers in Upstate NY to Close After 35 YearsOwner David Mann is heading into retirement.
FinancialsMay 15, 2024
Brilliant Earth’s Sales Fall Flat in Q1 While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
AuctionsMay 14, 2024
2 Huge Yellow Diamonds Are Heading to AuctionChristie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
MajorsMay 14, 2024
Platinum Born Taps ‘Born Leaders’ for New CampaignThe ad aims to position platinum jewelry as ideal for everyday wear.
GradingMay 14, 2024
Instappraise Adds Trifold Brochure to Appraisal OfferingsRetailers can customize and print the appraisal brochures from their store.
Lab-GrownMay 13, 2024
Lab-Grown Diamond Brand Lightbox Cuts Prices by 25 to 40%The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
TechnologyMay 13, 2024
Christie’s Website Brought Down by Hackers, Watch Auction Postponed The site has been down since Thursday evening, just ahead of its spring auctions.
AuctionsMay 13, 2024
Madeleine Albright’s Jewelry, Pins a White-Glove Sale at Freeman’s | HindmanThe late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
IndependentsMay 13, 2024
Zachary’s Jewelers Names Mother’s Day Jewelry Contest WinnersThree fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
IndependentsMay 10, 2024
Frank Adams Jewelers Names New CEOKimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
CollectionsMay 10, 2024
Piece of the Week: Carina Hardy’s ‘Birth of Venus’ NecklaceAs a token of womanhood, this necklace depicts when Venus was born from the sea.
MajorsMay 09, 2024
Watches of Switzerland Pays $130M for Roberto Coin Inc.The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
TrendsMay 09, 2024
Amanda’s Style File: Shine Bright, Moms Show your mother some love with a piece of fine jewelry.
IndependentsMay 09, 2024
Kyle Edward Fine Jewelry to Close Salisbury StoreThe company’s Easton location will remain open.
MajorsMay 09, 2024
JBT Elects New ChairmanBrian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Supplier BulletinMay 08, 2024
Fusing Past and Present at the Las Vegas Antique Jewelry & Watch ShowSponsored by the Las Vegas Antique Jewelry and Watch Show
EditorsMay 07, 2024
Q&A: Author Vikki Tobak on the ‘Ice-Cold’ ExhibitionTobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
EditorsMay 07, 2024
10 On-Theme Looks from the 2024 Met GalaStars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
IndependentsMay 07, 2024
112-Year-Old New Orleans Business Popping Up in Aspen M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
