The Peace Diamond

The Peace Diamond

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The Peace Diamond is a 709 carat rough diamond discovered by a team of five artisanal diggers near the village of Koryardu in Sierra Leone on March 13, 2017. It is the world’s 14th largest diamond.

Pastor Emanuel Momoh, the manager and financial supporter of the digger team is the legal owner of the diamond and a leader in the village and community where the diamond was found. In spite of offers to smuggle the diamond, he insisted that the diamond be sold through official government channels so that the financial benefits of this diamond would be properly shared with his village, district and the people of Sierra Leone.

Pastor Momoh immediately took the diamond to Paramount Chief of the Kono District Paul Ngaba Saquee V and together they personally delivered the diamond to the President of Sierra Leone Dr. Ernest Bai Koroma. The president committed to ensuring a transparent and competitive auction process and a local Sierra Leone auction for the diamond was held in May 11, 2017. Unfortunately the highest
bid at the auction in Sierra Leone was only US $7.777 million and the bid was rejected. The government and Pastor Momoh then decided that the diamond should be sold in an international auction that would make the diamond available to more buyers and ensure a fair market value price for the people of Sierra Leone.

The government of Sierra Leone appointed the Rapaport Group as the marketing and sales agent for the Peace diamond on October 2, 2017. Instructions were given that the diamond was to be sold in a transparent and competitive auction process that will ensure fair market value. Due to the significant benefit the Peace Diamond will bring to the people of Sierra Leone and to encourage legitimate artisanal diamond distribution channels, the Rapaport Group has agreed to provide our marketing and auction services for the Peace Diamond free of all charges.

The Peace Diamond represents all that is good in the diamond industry. Over 50% of the sales value of the diamond will directly benefit the people of Sierra Leone. The Peace Diamond will make a huge difference in the lives of the poorest people in world. It will provide villages with clean water, electricity, health care, schools, vital bridges and roads. It will create opportunities for sustainable economic
development and jobs. The buyer of the 709 carat rough Peace Diamond will have an opportunity to brand the resultant polished diamonds as Peace Diamonds. These diamonds are the best diamonds because they have helped create a better life for tens of thousands of people.

President Dr. Ernest Bai Koroma – “I thank the local chief and his people for not smuggling the diamond out of the country, and the owners should get what is due to them and it should also benefit the country as a whole. The Government remains committed to ensuring a transparent and competitive auction process that will ensure fair market value for Sierra Leone’s diamonds. We call on the worldwide
diamond industry to bid generously for the Peace Diamond as it will bring vital infrastructure and benefit to thousands of Sierra Leone’s artisanal diggers.”

Pastor Momoh: “The Peace Diamond will greatly improve the lives of our people as it will bring clean water, electricity, schools, medical facilities, bridges and roads to our villages and the Kono District. This diamond represents our hope for a better future as the resources of Sierra Leone fund growth, development and jobs”

Martin Rapaport: “I believe in the positive energy of the Peace Diamond and the great good it will do for the people of Sierra Leone. The lucky buyers of the Peace Diamond and the resultant polished Peace Diamonds can take pride in knowing that they have created a better life for tens of thousands of people. This is a diamond that makes the world a better place. This is a diamond with spiritual sparkle.”

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BLUE MOON & QUEEN MARIA-JOSÉ RUBY LEAD HIGHLIGHTS AT SOTHEBY’S GENEVA SALE

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Published by: Jewels du Jour

Sotheby’s Magnificent Jewels and Noble Jewels sale is jam-packed with incredible jewel after incredible jewel. Leading the 500-lot sale is the exceedingly rare and outrageously beautiful Blue Moon diamond. This rare wonder, graded Fancy Vivid Blue and Internally Flawless, was unearthed at the Premier Mine at Cullinan – owned by Petra Diamonds – in South Africa, the only known mine today for producing blue diamonds with some regularity. In fact, out of the eighteen million tons mined and five million carats recovered from the mine, only five world-class blue diamonds have emerged from Cullinan, or less than 0.1 percent of the mine’s annual yield.

The Blue Moon Diamond - An exceptional Fancy Vivid Blue diamond ring

 

The 29.62-carat rough found in January 2014 was expertly cut by Cora International, one of the world’s leading firms specializing in cutting large important diamonds. The resulting stone, a cushion-cut 12.03-carat diamond of perfect proportions, is a masterpiece of mother nature enhanced by the hands of man. The Blue Moon is expected to fetch between $35.5 and $56 million.

Opposite in color but no less exceptional, the Queen Maria-José ruby ring is a fiery wonder of impeccable provenance. Formerly part of the personal collection of the last Queen of Italy, Maria-José, the historic ruby was a gift from the Italian bibliophile Tammaro de Marinis on the occasion of Maria-José’s wedding to Crown Prince Umberto in 1930. The Burmese ruby weighs 8.48 carats and is noted to have the coveted ‘pigeon’s blood’ red hue. The rare ruby is estimated at $6 to 9 million.

'The Queen Maria-José ruby ring'

 

Sotheby’s has a knack for record-breaking rubies in the past year. In November 2014, the auction house sold the ‘Graff Ruby’ for $8.6 million, a new world record for a ruby at the time. Then, in May of this year, Sotheby’s Geneva bested the world record for a ruby again with the sale of the ‘Sunrise Ruby’, an exquisite 25.59-carat Burmese ruby that sold for $30.3 million – more than three times the previous record.

Superb fancy vivid purple-pink diamond ring - Estimate $12,642,561 - 16,648,640

 

Another important stone in the sale is a pear-shaped 8.24-carat Fancy Vivid Purple-Pink diamond, estimated at $12.6 to 16.6 million. Last year, in October, Sotheby’s Hong Kong offered a 8.41 carat Fancy Vivid Purple-Pink diamond, which sold for $17,778,247, a world auction record price for a fancy vivid pink diamond.

Natural pearl, emerald and diamond jabot pin, Cartier, 1920s - Estimate $114,459 - 228,919

 

While the sale boasts a bevy of remarkably rare gems, it also offers a plentitude of highly collectible jewels, including hree magnificent tiaras. Cartier is well represented in the sale, with terrific examples illustrating the breadth and talent of the maison throughout the 20th century: from a delicate 1920s natural pearl, emerald and diamond jabot pin, its design inspired by a traditional Indian sarpech, a turban ornament, to a more modern emerald, ruby, mother-of-pearl and diamond ‘New Khandy’ parrot brooch and everything in between.

 

A number of Cartier pieces from the 1940s and 1950s display the creative spirit during and after World War II. A citrine suite in particular is a stunning illustration of beautiful jewelry made during the wartime rationing, during which the more precious materials were strictly limited.

Topaz bangle, Suzanne Belperron, circa 1935 - Estimate $40,581 - 61,392

The sale also includes beautiful pieces by renown jewelers such as René Lalique, Suzanne Belperron, René Boivin, and Jacques Lacloche as well as notable jewels from the world’s most prestigious jewelry houses, including Bulgari, Harry Winston, Tiffany & Co. and Van Cleef & Arpels. For connoisseurs looking to add contemporary pieces to their collections, the sale offers stunning jewels by JAR, Alexandre Reza and Hemmerle.

Christie’s Incredibly Magnificent Jewels Of 2014

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We publish courtesy of Leibish & Co.
Images are reproduced courtesy of Leibish & Co.

Christie’s has been able to give us quite a year for fancy color diamond news. In May 2014, it sold the largest Flawless Blue diamond, the 13.22 carat diamond now renamed the Winston Blue. They also broke the jewelry world auction record when they made over $150 million in sales, they broke the world record price for a red diamond in HK in November, and now last but not least they are giving us the last Magnificent Jewels show in NY. Will they break any more records? Nothing in the auction lists stands out as phenomenal, but as we all know, anything is possible!

We have quite a few items to focus on, including two stones that are from past Argyle tender events – one recent (from 2013), and one from the not too far past, 2003.

This time I will also be presenting the stones in the order of estimation of price by Christie’s.

The star of the evening for us is a rare 21.30 carat Fancy Light Pink diamond of exceptional quality and color as it is a Golconda Type IIa diamond with VS1 clarity. It is estimated to sell at a price between $4 million and $6 million. Since the price spread is quite significant, I am sure we will see quite the bidding war here.

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21.30 carat Fancy Light Pink Golconda diamond

My next choice is pure art in jewelry form. Various color diamonds are combined to create a masterpiece, while allowing quite the display of value creation. This collection is valued at between $3.5 million – $5 million.

A total of over 100 carats in these earrings, this pair features a 52.88 carats VS1 diamond and a 51.46 carats VS2 diamond, both pear shaped and both Fancy Light Yellow. Large enough to get attention yet a subtle color, they are valued between $2.5 million and $3.5 million.

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52.88 carat Fancy Light Yellow VS1 diamond and 51.46 carat Fancy Light Yellow.VS2 diamond earrings

This item may or may not break a record, but will surely grab attention. This 1.42 carat Fancy Red is a previous Argyle tender stone. Lot #11 from the 2013 tender, it used to be a 1.66 carat Fancy Deep Pink, but it was re-polished to realize the potential of the stone. This practice is common when there is recognizable potential there, but only a handful of experts globally can do it properly. This stone is valued between $1.5 million and $2.5 million. In order to break the world record, this stone would have to sell for $3.47 million total or more. We shall see!

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1.42 carat Fancy Red diamond (Argyle tender stone Lot #11 from 2013)

Up to now I have concentrated on both Fancy Intense and Fancy Vivid Blue diamonds. It seems that I may need to add Fancy Blue to my research as we see great importance given to this depth of color as it is also quite rare. This stone, a rarely seen weight of 5.70 carats and VS1 quality, is valued between $1.5 million and $2.5 million.

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5.70 carat Fancy Blue VS1 diamond

I like this diamond. Other than the certificate, where else do we see a brown tint here? A great looking Fancy Brownish Pink diamond weighing in at 14.28 carats, this diamond is special also due to its IF clarity. A real value can be shared here. Estimated between $1 million and $2 million, it may actually surprise us.

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14.28 carat Fancy Brownish Pink diamond ring

Every auction must have some special Fancy Intense or Fancy Vivid Yellow diamond, and this one is no exception. Coming in at 25.16 carat Fancy Intense Yellow with a VS1 clarity, this one is expected to be sold for anywhere between $500k and $700k.

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25.16 carat Fancy Intense Yellow VS1 diamond ring

Lots 198, 199, 200, and 201 had to be displayed as a group – it was just stunning the way they are displayed together. Lot 198 is a 0.73 carats Fancy Blue diamond valued at $90k – $120k. Lot 199 is a 0.51 carat Fancy Vivid Pink with 2 flattering Fancy Blue diamonds coming in at 0.28 and 0.27 carats on the shoulders and valued at a total of $140k – $200k. Lot 200 is a 4.06 carat Fancy Grey Green valued at $100k – $150k. Finally, Lot 201 is a special one – a 0.76 carat Fancy Deep Pink, Argyle tender stone #18 from the 2003 tender and valued at $100k – $150k.

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Christie’s Magnificent Jewels Lots 198-201

by Yaniv Marcus

Please visit Leibish & Co. Site

Burmese Rubies, Colored Diamonds And Cartier Lead Sotheby’s Hong Kong Sale

A 29.62-carat oval Burmese ruby and diamond ring, mounted by Cartier sold for more than $7.3 million, setting a record for a ruby sold at auction. The stylized platinum mount for the ring is set with brilliant-cut diamonds weighing approximately 2.50 carats.

A 29.62-carat oval Burmese ruby and diamond ring, mounted by Cartier sold for more than $7.3 million, setting a record for a ruby sold at auction. The stylized platinum mount for the ring is set with brilliant-cut diamonds weighing approximately 2.50 carats.

Source: Forbes

Author: Anthony De Marco

A ruby and diamond necklace with 50 carats of unheated “Pigeon’s Blood” Mogok Burmese rubies was the top lot in Sotheby’s Hong Kong Fine Jewels and Jadeite sale, fetching $805,128.

The necklace is set with 37 graduated oval rubies with a total weight of 50.57 carats, decorated with approximately 42.70 carats of pear-shaped and brilliant-cut diamonds mounted in 18k white and yellow gold.

The auction of signed pieces, colored gems and diamonds, modern and vintage pieces, and a charity session to aid Operation Smile China Medical Mission, which provides free surgery to underprivileged children and young adults with cleft lips or cleft palates in China, was held November 28. It fetched more than $7.85 million, with 87.2 percent of the items sold by lot and 75.8 percent sold by value.

Burmese rubies and colored diamonds led sales for the 180-lot auction. Items of note include the following:

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* A 13.88-carat fancy intense yellow diamond and white diamond ring (above) sold for $466,667. The yellow diamond is flanked by two trapeze-shaped diamonds together weighing approximately 3 carats, mounted in platinum and 18k yellow gold.

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* A Cartier “Tiger” clip-brooch (above) sold for $451,282, more than double its high estimate of $206,352. Set with brilliant-cut yellow diamonds and diamonds together weighing approximately 9.95 carats, speckled by onyx, embellished by pear-shaped emerald-set eyes, mounted in 18k yellow gold, signed and numbered.

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* A 4.79-carat unheated “Pigeon’s Blood” Mogok Burmese ruby and diamond ring by Cartier (above) sold for $435,897. The oval ruby is flanked on each side by a half-moon shaped diamond, decorated by brilliant cut and baguette diamonds together weighing approximately 1.30 carats, mounted in platinum, signed and numbered.

* Fancy intense yellow diamond and white diamond ear clips that sold for $312,821. Each ear clip has a cut-cornered rectangular modified brilliant-cut fancy intense yellow diamond weighing 6.30 and 6.15 carats respectively, suspended from a pear-shaped and brilliant-cut diamonds weighing a total of 4.45 carats, mounted in platinum and 18k yellow gold.

‘Princie Diamond’ expected to fetch $30-$40M

‘Princie Diamond’ expected to fetch $30-$40M

Source: The National Jeweler

The “Princie Diamond” has passed through the hands of royalty as well as one of the world’s top jewelry auction houses. This month, it will appear at auction for the second time at Christie’s in New York. Photo credit: Christie’s Images Ltd.

New York–Christie’s New York is poised to sell the largest fancy intense pink Golconda diamond ever offered at auction when the “Princie Diamond” goes up for bid on April 16.

The Princie is a 34.65-carat fancy intense pink cushion-cut diamond whose origin can be traced to the ancient Golconda mines in south central India. The stone was first recorded as belonging to the royal family of Hyderabad, who ruled one of the wealthiest provinces of the Mughal Empire.

First offered at auction in 1960 by the Nizam of Hyderabad, the London branch of Van Cleef & Arpels purchased the Princie Diamond for £46,000 (approximately $69,588 in today’s currency). The diamond got its name at a party at Van Cleef’s Paris store, where it was christened in honor of the 14-year-old Prince of Baroda, who attended the gathering.

This is the first time in 50 years that the diamond has appeared at auction, and Christie’s expects it to “achieve in the region of $30 million to $40 million.”

“One of the largest and finest pink diamonds in the world, the Princie Diamond carries a fabulous provenance. The rich history, combined with its rare pink hue, conveys a special charm, which will speak to all collectors in the world seeking the best of the best in gemstones,” said Francois Curiel, chairman of Christie’s jewelry department.

The Princie Diamond is part of Christie’s sale of Magnificent Jewels, which will offer nearly 300 pieces, from colored and colorless diamonds to gemstones, natural pearls and signed vintage jewelry.

Source: The National Jeweler

http://www.nationaljeweler.com/nj/fashion/a/~30674-Princie-Diamond-expected-to-fetch

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Diamond prices strong at Sotheby’s NY sale

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Courtesy of The National Jeweler

New York — Sotheby’s sale of Important Jewels here on Feb. 7 achieved a total of $10.5 million, marking the third consecutive record total for a February sale of jewelry for the auction house.
A platinum ring by Tiffany & Co. with a 6.46-carat, E color round diamond sold for $560,500, or $86,765 per carat, to an anonymous bidder. The piece had a pre-sale high estimate of $150,000.
A platinum and diamond ring with a 0.51-carat round fancy purplish pink diamond, also by Tiffany & Co., sold for $338,500.
A platinum and diamond bow brooch by Van Cleef & Arpels realized $332,500 after a pre-sale high estimate of $100,000.
“We are very pleased to have achieved another top result for our February sales in New York. (The) auction demonstrated the market’s continued appetite for exceptional diamonds,” said Gary Schuler, head of Sotheby’s jewelry department in New York.

Sotheby’s to Offer 11-ct. Fancy Pink Diamond

We publish courtesy of Forbes 

Author: Anthony DeMarco

A 10.99-ct. pink diamond that hasn’t been on the market for more than 30 years will be offered at the Magnificent & Noble Jewels sale, being held by Sotheby’s Geneva on May 17. It has a pre-auction estimate of $9 to $16 million.

The diamond features a classic emerald cut, normally associated with white diamonds. This type of cut is highly sought-after when found in rare colors such as pink and blue, Sotheby’s said. This gem, mounted as a ring, has been graded “fancy intense pink,” natural color and VS1 clarity. It’s further assessed to be type IIa, meaning it is almost or entirely devoid of impurities with extraordinary optical transparency. Less than 2 percent of all diamonds in the world are given this grade of purity and most of those diamonds are white.

It is being offered for sale from a private collection.

Colored diamonds are very desirable on the auction market right now. In November 2010, Sotheby’s Geneva set a world auction record for any diamond and any jewel when it sold the 24.78-ct. Graff Pink for $46.15 million.

“I do not remember the market for colored diamonds to have ever been as strong as it is today,” said David Bennett, chairman of Sotheby’s Jewellery Department for Europe and the Middle East.