Red-hot diamond on block at Sotheby's Australia

source : nationaljewelernetwork.com
April 01, 2010

The 0.82-carat center stone of this ring will mark the first red diamond to be offered for public auction in Australia. The ring is estimated at as much as $921,556 and also features fancy blue diamonds and brilliant-cut colorless diamonds set in platinum.

Sydney, Australia--Sotheby's Australia's upcoming April 12 sale of antique and contemporary jewelry will be a significant one for the auction house. The event will mark the Australian branch's first standalone jewelry sale, with the highlight slated to be the first red diamond ever offered for public auction in Australia.

The 0.82-carat, fancy purplish-red Argyle diamond is set into a ring and is flanked by a pair of fancy blue diamonds in a round brilliant-cut diamond surround, all mounted in platinum. Its value is estimated at between 700,000 and 1 million Australian dollars (between about $645,065 and $921,556) and will be accompanied by a letter from Argyle Diamonds attesting to its rarity.

Sotheby's said in a media release that despite the notable discovery of the Argyle pink diamond deposits in Western Australia, less than a handful of red diamonds have been discovered, and connoisseurs have long considered red diamonds to be among the most precious and rare of diamonds.

The April 12 sale will offer even more superb examples of colored stones, including a double strand of graduated emerald beads accented with diamond-set rondelles (estimated between $9,676 and $11,519), a sapphire and diamond ring (estimated between $23,034 and $32,248) and an emerald and diamond ring (estimated between $64,497 and $82,907). ...

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By choice or not, jewelers fall off brand-wagon

source : nationaljewelernetwork.com
By Michelle Graff
April 15, 2010

Hearts on Fire says it is renewing its focus on bridal pieces, like this "Beloved" ring, featuring a 0.75-carat center stone and 0.37- to 0.47-carat side stones; setting retails for $2,650.

New York--In a month known for hearts and cupid's arrows, some of the industry's biggest brands weren't showing recession-battered retailers any love.

In February, both diamond company Hearts on Fire and the Richemont Group-owned Cartier acknowledged they were severing ties with under-performing retailers, and both cited essentially the same reason: They wanted to maximize their brand's potential by partnering only with those retailers who really know how to push their product.

Stories detailing these divorces blew up online at NationalJeweler.com, remaining on the site's top-viewed list for weeks. But was the frenzy whipped up by the jewelers directly impacted or by the love-hate relationship jewelers often harbor when it comes to their favorite brands? Longtime retailers and industry observers suggest the latter. ...

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De Beers' 'Millenium Blue' sells for $6 million

April 08, 2010

Hong Kong--A 5.16-carat fancy vivid blue diamond, once part of De Beers' Millennium Jewels Collection, sold for $6.4 million at Sotheby's Hong Kong on Wednesday, as diamonds continued to show strength in the auction market.

According to a news release from the auction house, Moussaieff of London emerged as the winning bidder for the pear-shaped diamond, which sold for well over its estimated sale price of $4.1 million to $5.1 million following "intense" bidding.

The sought-after stone was once one of the 11 blue diamonds in the Millennium Jewels Collection, a group of rare diamonds selected by Andrew Coxon, president of the De Beers Institute of Diamonds, to mark the turn of the millennium.

Wednesday's sale of the 5.16-carat millennium blue marks the first time one of these stones has been put up for sale since the diamonds were placed with private collectors in 2000.

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Celebrity Diamond Engagement Rings run the Gamut

Posted By Leanne in Celebrty News

If you are looking for flashy engagement rings you need look no further than Hollywood. Celebrities have somewhat of a reputation when it comes to sporting extremely large and flashy engagement rings. While a one or two carat diamond engagement ring might seem like a lavish ring to the girl next door, nothing less than a three carat diamond engagement ring will do for many celebrities. Multi-carat diamond engagement rings in elaborate settings are definitely ‘in’ when you have photogs trailing behind you and trying to snap pictures of every second of your day.

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In Pictures: America's Most Popular Diamond Cuts

Round

With one out of every three diamonds sold in the U.S. being a classic round brilliant diamond, this cut is far and away the most popular.

Scarlett Johansson and singer Fergie both sport classic rounds.
Princess

The princess diamond was created in 1980 but has catapulted into massive popularity, making it the second-most popular diamond cut in the U.S. Diamond analyst Kenneth Gassman estimates that princess cut diamonds make up approximately 13% to 20% of diamond sales.

Freddie Prinze Jr. proposed to Sarah Michelle Gellar with a princess cut.

Emerald

The third-most popular cut has long clear "step cuts," which emphasize the diamond's clarity and gives it a more subtle appearance than the "brilliant" cuts of most diamonds.

Nick Cannon proposed to Mariah Carey with a reported $2.5 million emerald-cut diamond.

Pear Shape

The pear shape, the fifth-most popular diamond, is also called a "tear drop" for its single point and rounded end.

The most famous pear-shaped diamond has to be the 69-carat pear-shaped diamond given to Elizabeth Taylor by her fifth and sixth husband Richard Burton. Taylor wore the Taylor-Burton diamond in a necklace.


Asscher

The Asscher cut has been around for a century but soared in popularity, especially in Hollywood, after being featured in an episode of Sex and the City in which nice-guy Aidan proposed to protagonist Carrie Bradshaw.

Kate Hudson and Elizabeth Hurley were both given Asscher cuts by their soon-to-be husbands.

Source: Kenneth Gassman, The Diamond Source of Virginia, Blue Nile.
source : http://forbeslife.nl/2009/04/17/engagement-weddings-diamonds-forbes-woman-style-retail_slide.html?partner=contextstory

Diamond Rings

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