World’s Most Expensive Earrings Sold for $57 Million

World’s Most Expensive Earrings Sold for $57 Million

A pair of earrings was sold to an anonymous buyer at record auction price at Sotheby’s for $57 million in Geneva. The pear shaped earrings are known as the “Apollo Blue” and the “Artemis Pink”. The buyer has renamed the 14.54-carat blue diamond “The Memory of Autumn Leaves” and the 16-carat pink diamond “The Dream of Autumn Leaves.”

“The sale of jewels held at Mandarin Oriental, Geneva totalled more than $151.5 million, way above the pre sale estimate of $100 million.”

~ Forbes

The sale of jewels held at Mandarin Oriental, Geneva totalled more than $151.5 million, way above the pre sale estimate of $100 million. Two-thirds of the jewels sold beat their high estimate.

Related Reports: Bloomberg, Forbes

Video: CGTN

 

Video: Sotheby’s


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Pink Star Diamond Sold for $71 Million

Pink Star Diamond Sold for $71 Million

The giant 59.6 carat pink diamond has sold for more than $71 million at Sotheby’s setting a record for the most expensive gem ever sold at an auction. The winning bid came from a Hong Kong based jewelry retailer Chow Tai Fook.

“The giant 59.6 carat pink diamond has sold for more than $71 million at Sotheby’s setting a record for the most expensive gem.”

~ Fortune

The price has exceeded the previous record holder, the Oppenheimer Blue which sold for $58 million at Christie’s. The pink diamond is the highest grade and the purity ranks the diamond among the top 2% in the world.

Related Reports: Fortune, Telegraph

 

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Sotheby’s sold HK $2.17 billion worth of Asian Art, Watches, Jewelry & Wine in Hong Kong

Sotheby’s sold HK $2.18 billion worth of Asian Art, Watches, Jewelry & Wine in Hong Kong

Sotheby’s sold HK $2.18 billion worth of Asian Art, Watches, Jewelry & Wine in Hong Kong on Wednesday evening. The results were below the HK$2.7 billion the New York-based auction house sold a year ago at its Hong Kong autumn sales, and the HK$3.1 billion spent at Hong Kong’s other twice-yearly sale in April.

“Sotheby’s sold HK $2.18 billion worth of Asian Art, Watches, Jewelry & Wine in Hong Kong.”

~ Bloomberg

The highest value was an 18th century jade seal belonging to Chinese emperor Qianlong that was sold to an anonymous Asian buyer for HK$91.5 million, exceeding its estimate of HK$80 million.

Related Reports: Bloomberg

About Sotheby’s

Sotheby’s is an innovative global art business serving the most discerning clients. Auctioneers since 1744, today Sotheby’s is so much more, offering clients extraordinary opportunities to transact: S|2 private sales galleries, worldwide selling exhibitions, retail wine and diamonds, financing, art education and digital engagement any time, anywhere, on any device. We bring a world of art to a new world.

Visit: Sotheby’s


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Biggest Diamond in More Than Century Fails to Sell

Biggest Diamond in More Than Century Fails to Sell

The price tag for the biggest diamond found in more than 100 years fails to sell at Sotheby’s auction in London. The tennis ball sized diamond was unearthed in November in Botswana at a mine owned by Canada’s Lucara Diamond Corporation. It measured 1,109 carats, the 2nd largest gem quality rough diamond even discovered.

“It measured 1,109 carats, the 2nd largest gem quality rough diamond even discovered. “

~The Guardian

The diamond that’s called Lesedi la Rona or “our light” in Tswana language spoken in Botswana was expected to sell for about $86 million. Instead the highest bid of $61 million did not clear the so called reserve price at Sotheby’s auction, leaving it unsold.

Related Reports: Bloomberg, The Guardian

 

About Lucara Diamond Corporation

Lucara Diamond Corp. is a new diamond producer. It’s key asset is the Karowe Mine in Botswana. The 100% owned Karowe Mine is a newly constructed state-of-the-art mine which was fully commissioned in Q2 2012 . The Karowe Mine is a large scale asset with tonnage and throughput upside and production has consistently included large, Type IIA stones. Lucara is a member of the Lundin Group of Companies and is listed on the TSX Exchange, Nasdaq Stockholm and the Botswana Stock Exchange under the symbol “LUC”.

Visit: Lucara Diamond Corporation


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The 59 Carat “Pink Star” Diamond

The 59 Carat “Pink Star” Diamond

The “Pink Star” Diamond which weighs 59 carats has recently been the centre of Sotheby’s new partnership with two other firms. The diamond is known as the largest fancy vivid, internally flawless, pink diamond ever graded by the Gemological Institute of America (GIA).

“The diamond is known as the largest fancy vivid, internally flawless, pink diamond ever graded by the Gemological Institute of America.”

~ Luxury Insider

The diamond is currently in Sotheby’s inventory. While the auction house previously valued the oval-cut diamond at an estimate of $72 million, the financial details of the stone or its eventual fate has not been disclosed.

Related Reports: Luxury Insider, Forbes

 

About Sotheby’s

Sotheby’s is an innovative global art business serving the most discerning clients. Auctioneers since 1744, today Sotheby’s is so much more, offering clients extraordinary opportunities to transact: S|2 private sales galleries, worldwide selling exhibitions, retail wine and diamonds, financing, art education and digital engagement any time, anywhere, on any device. We bring a world of art to a new world

Visit: Sotheby’s


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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