Christie’s Is Hosting its First-Ever Online Sale Dedicated to Diamonds—and Nothing Else

The top lot is a Graff pendant necklace expected to fetch at least $300,000.

Square-cut or pear-shaped, colorless or fancy-colored, loose or mounted, the rocks on the block at Jewels Online: Summer Sparkle — Christie’s first-ever online sale dedicated to diamonds — are sure to delight new buyers and seasoned collectors alike.

With 50 lots ranging from a triangular diamond eternity band (lot 36) with a low estimate of $2,000 to the top lot, a 20.21-ct. pear-shaped yellow-brown diamond mounted in a Graff necklace (lot 41) and estimated at $300,000–$400,000, the selection covers all taste, style and price preferences.

Lovers of uniquely colored diamonds are in for a treat, as the sale is rich in rare gems in rainbow hues, including pinks, oranges and greens—not to mention grays, browns and yellows. There is a showstopper of a ring centered on a square modified fancy grayish yellowish-green diamond framed by pink and white diamonds and set in platinum and rose gold (lot 37, estimated at $20,000–$30,000); a ring topped by a 7.6-ct. fancy deep brown-yellow diamond mounted, rather cheekily, on the horizontal (lot 20, $12,000–$18,000); and a sculpted Sabbadini flower brooch studded with colored and colorless diamonds (lot 24, $6,000–$8,000)

Rings, such as a 5.03-ct. pear brilliant-cut diamond set horizontally on a highly polished band of 18-karat blackened gold (lot 1, $60,000–$80,000), dominate the mostly contemporary selection, but there are plenty of earrings, too — including multiple styles by Graff as well as the British jeweler David Morris.

Clients with a passion for high design likewise will not be disappointed. Consider the pear-shaped pendant necklace designed by Elsa Peretti for Tiffany & Co. and suspended on a chic gold link chain (lot 47, $5,000–$7,000), or the sale’s lone bracelet, an 18k yellow gold bangle style by David Morris set with pavé yellow diamonds and marquise diamond accents (lot 33, $15,000–$20,000).

Source: robbreport

Two 20-Carat Diamond Watches From Jaeger-LeCoultre Have World’s Smallest Movement

Jaeger-LeCoultre Bangle watch

Jaeger-LeCoultre has held the record for the world’s smallest mechanical movement – since 1929. The caliber 101, a mere 14mm long and less than 5mm wide, is still used today. It drives two new high jewelry models from the brand, the Snowdrop and the Bangle. Both are made of 18k pink gold and designed as bracelets, according to standards of high jewelry making, with integrated cases and movements. Each is set with about 20 carats of diamonds, all classified as IF-internally flawless to VVS clarity grade.

The Jaeger-LeCoultre Snowdrop, with 20.9 carats of diamonds.
The Jaeger-LeCoultre Snowdrop, with 20.9 carats of diamonds. JAEGER-LECOULTRE

The Snowdrop is set with of 904 diamonds, 204 of which are substantially sized pear-shaped gems. The remainder are classic brilliant cuts, for a total of 20.9 carats. The design was inspired by the white bell-shaped flowers of the same name that grow through the snow in the Vallee de Joux watchmaking district of Switzerland. The case is integrated with the manchette-style bracelet, with a circle of pear-shaped diamonds surrounding the dial to form a flower. Waves of diamonds repeat the petal pattern in perfect symmetry throughout the bracelet.Recommended For You

The Jaeger-LeCoultre Bangle watch, with 19.7 carats of diamonds.
The Jaeger-LeCoultre Bangle watch, with 19.7 carats of diamonds. JAEGER-LECOULTRE

The diamonds in the center of the bracelet are set according to the griffe  or claw method, which minimizes the amount of metal surrounding the gem and allows more light to pass through from different angles. The bracelet’s structure is supported by two bands of gold with diamonds that are grain-set, a linear setting technique in which tiny beads of gold are pulled up from the surface of the metal and pushed over the stone to secure them. The gemsetting work for this piece represents 130 hours of work by Jaeger-LeCoultre artisans.

The Jaeger-LeCoultre Bangle watch, with 19.7 carats of diamonds.
The Jaeger-LeCoultre Bangle watch, with 19.7 carats of diamonds. JAEGER-LECOULTRE

The Bangle watch is a swirling, geometric Art Deco design with an interplay of symmetry and asymmetry. The bracelet is set with 996 diamonds totaling 19.7 carats, graduated in size to emphasize the sweeping, 3D curves of the design. Altogether, there are 144 griffe-set diamonds and 852 grain-set diamonds. The Bangle opens with a simple twist of each side. 

Setting diamonds into the Snowdrop watch by Jaeger-LeCoultre.
Setting diamonds into the Snowdrop watch by Jaeger-LeCoultre. JAEGER-LECOULTRE

Over the past 90 years, Jaeger-Le Coultre’s caliber 101 has been used in jewelry watches under its own name as well as in creations by other high-end brands. These rare timepieces have graced the wrists of many notable women, including Queen Elizabeth II, who wore one for her coronation in 1953. The movement has benefited over the years from many improvements in materials and machining, but its dimensions and architecture remain unchanged. The present, fourth-generation movement, caliber 101/4 has 98 components (compared with the original 78).

Source: forbes

A Crucial Moment for Artisanal Miners

Artisanal Miners Sierra Leone

The question of how to tackle the hardships facing informal diamond miners is as pressing today as it was when it first arose nearly 20 years ago.

It was first touted as an issue that perhaps the Kimberley Process (KP) could incorporate into its mission. But the KP was not equipped — or mandated — to meet the challenge, even if the sector represented an Achilles heel for a body tasked with facilitating the cross-border trade of responsibly sourced rough.

Instead, the Diamond Development Initiative (DDI) formed, taking a developmental approach to advancing artisanal miners. Since its inception, the DDI’s goal has been to create an infrastructure that allows these miners to sell their diamonds through legitimate means, get a fair price for them, and make a sustainable living.

Operating primarily, though not exclusively, in Sierra Leone and the Democratic Republic of the Congo (DRC), the organization’s work includes enabling community development; engaging with governments to formulate policies; organizing miners into cooperatives; providing professional training; and running initiatives to raise the diggers’ income, such as introducing them to new buyers.

Typically, the diggers work for less than $2 a day. With such low income, they’ve historically been incentivized to sell their diamonds on the black market, where the stones may be smuggled across the border, mixed with other goods, given a KP certificate and sold on the global market.

With an estimated 1 million to 1.5 million people working in the sector across 15 countries in Africa and three in South America, the DDI has spent much of its time registering miners in its systems and educating them on how they can benefit from working through its channels.

The organization achieved a significant milestone in April last year when it launched the Maendeleo Diamond Standards, a certification system designed to connect artisanal and small-scale diamond miners with responsible supply chains.

The standards include training on legal issues, community engagement, human rights, health and safety, ways to ensure violence-free operations, environmental management, interactions with large-scale mining, and navigating a site closure.

Clearly, given the scope of the artisanal mining sector, challenges remain. The DDI has had limited resources to pursue its goals and expand its reach.

In that context, the group announced in late July that it had merged with Resolve, a much larger non-government organization (NGO) engaged in addressing social, health and environmental issues. Being part of Resolve will give the DDI additional resources, such as administrative support for the work it wants to carry out, explained DDI founder and chairman Ian Smillie, who is joining Resolve’s board of advisers along with DDI vice chair Stephane Fischler. The group will be a division within Resolve and go by DDI@Resolve, with DDI executive director Ian Rowe at the helm.

The merger was born of the realization that the vast number of initiatives out there advocating for artisanal miners — not just in diamonds, but also in minerals such as gold, cobalt, tin, tantalum and tungsten — could lead to confusion. With NGOs, private companies, and government agencies all approaching donors and policy-makers to get support for their programs, the messaging could get muddled, Smillie explained. A pooling of resources would make for more efficient processes and a better outcome for the artisanal mining community.

Another example in July was De Beers’ GemFair program partnering with the Deutsche Gesellschaft für Internationale Zusammenarbeit and the Mano River Union — a cross-border association comprising Sierra Leone, Liberia, Guinea and the Ivory Coast — to develop training in those four countries. Efforts like these have become especially important in the Covid-19 environment, where diamond demand has slumped to historic lows.

While the pandemic has halted activity in the DRC, Sierra Leone has been better able to manage due to its experience with the 2014 Ebola outbreak. But like the rest of the trade, artisanal miners need to think beyond Covid-19 and make sure the right systems are in place to facilitate sales when demand returns. That challenge is especially difficult for these miners, who rely on the DDI’s guidance to gain access to the global diamond market. Hopefully, Resolve will help broaden the DDI’s scope. And as activity scales up, it will be up to the greater jewelry industry to support this important part of the global diamond community.

Source: Diamonds.net

Jacob & Co Billionaire ASHOKA Watch Features 189 Carats Of Diamonds

Jacob Co ASHOKA

It’d take a pretty special kind of bloke to pull this one off. Even among the richest figures currently walking about on this Earth, I just can’t imagine a Bezos, Buffet, or Musk being able to wear the Jacob & Co Billionaire ASHOKA watch on their wrists without every single one of us scrunching up our faces. In any case, it’s very much real and priced at US$7 million.

Reportedly a new and improved update of Floyd Mayweather’s hella frosty 260 carat Jacob & Co Billionaire’s watch – which itself cost US$18 million – this revised iteration features over 189 carats of proprietary diamond cuts by William Goldberg. What’s so special about a William Goldberg ASHOKA diamond? As it so happens, less than 1% of all rough diamonds meet the criteria to even become an ASHOKA. In other words, what you see before you are the elite stones.

With a distinct rectangular shape highlighted by the skeletonised calibre JCAM09 tourbillon movement, this mind-numbingly opulent timepiece is comprised of 167 elements, 19 jewels, and brings a 72-hour power reserve to the table. The 19 jewels themselves have been divided into 62 individual examples to completely cover the case, bracelet, and clasp. But you didn’t need me to tell you where to look for ’em.

Naturally, an offering such as this will be ultra-exclusive. Given the rarity of ASHOKA diamonds in the world, only a single Jacob & Co Billionaire ASHOKA watch will ever be crafted.

Source: bosshunting

Vasana Ratanasunya on her mission to make diamonds everyday jewellery

Vasana Ratanasunya

When Vasana Ratanasunya first set her mind on making VVS & Co. Bangkok a go-to name for every lady looking to enrich their life with a piece of diamond jewellery, she knew she had to take the path less trodden by others in the market in order to achieve her goal.

“There are lot of myths and mindsets when it comes to wearing, and even buying a piece of diamond jewellery,” she said during a dinner meeting with Prestige. “The most important issue, however, is that we measure the value of diamonds by the number of times we can wear them, so the easiest items to sell are some simple piece of earrings or bracelets because people think they can wear them as often as they could. That’s the mindset I want to change.”

A graduate in fashion, Vasana understands the rule of mix-and-match and proportion better than anyone. After her love for fashion has matured into a passion for precious stones that are forever, Vasana brings her own sense of style into bringing diamonds into everyday wardrobe. Her tricks? Go big when you dress down, go moderate when you dress for work, and go big for your evening.

VVS & Co.

“The problem with women who buy only small items thinking they can wear them often is that, you end up not having a good big piece to wear when you have to attend events like a gala dinner that requires an evening dress. That’s why I always tell people to go for a full matching set of diamond jewelleries instead of buying small pieces here and there. You have this big set for an evening occasion but for everyday, you can just wear a bracelet with your office look, or a pair of chandelier earrings with a t-shirt and denim on a day-out with friends. It’s just about mix-and-match!”

“Most importantly, you invest in this one set and it will become something you can pass on to your children. It has an emotional value that cannot be measured by money.”

Another ground-breaking approach Vasana has brought into the industry is her savviness in social media commerce. With the Covid-19 bringing a slow-down to international export — which previously contributed to the majority of sales for VVS & Co. — Vasana broke out of the crisis using online channels — most notably an Instagram live session which has received huge interests from fans and earned the brand a lot of new customers.

vvs

“I would say we are lucky in a way that the name VVS has been in the industry for a long time. People have known about us for decades and they trust our quality. It’s not easy to sell something as expensive as diamonds online. People need to really trust you to buy something this precious from you and we have our history to thank.”

Source: prestigeonline

Diamonds Are A Watch’s Best Friend

Harry Winston

New models in Harry Winston’s Ocean Biretrograde collection reaffirm the brand’s status as one of the world’s most important purveyors of diamonds. Before the Swatch Group acquired Harry Winston in 2013, it was owned by Dominion Diamond company, the joint venture partner in Canada’s first diamond mine, Ekati, which entitled the company to first pick of run-of-mine gems.

Previous to that, it was owned by the Winston family. It was founded by Harry Winston, whose nickname, “the King of Diamonds,” resulted from his having acquired and sold some of the world’s top diamonds: the 726-carat Jonker; the 94.80-carat Star of the East (which he later sold to the Duchess of Windsor); and the storied 45.52-carat fancy blue Hope Diamond.

The Swatch Group has been careful to honor the legacy of Harry Winston, setting most ladies’ models, and some men’s, with diamonds new pieces in the Ocean Biretrograde Automatic 36mm collection and the more petite Emerald collection.

Diamond and black lacquer version in 18k gold of the Harry Winston Ocean Biretrograde Automatic 36mm collection.

The Emerald collection is named after the shape of founder Harry Winston’s favorite diamond cut, the emerald. New 18k yellow and white gold models are ideal cocktail watches, at 18mm wide. They come with either a flexible Milanese woven bracelet or a classic satin double tour strap.

Diamond watch on a Milanese style woven bracelet from the Emerald collection by Harry Winston.

And now for the finale of the 2020 lineup: the Precious Cluster, set using Mr. Winston’s signature clustering technique with over seven carats of pear and trillion-cut diamonds, and the Winston Cluster, the high jewelry version with brilliant, marquise, and pear-cut diamonds totaling over 25 carats. The Cluster is a perfect response to the line, “Talk To Me Harry Winston!” from the 1953 song “Diamonds Are A Girl’s Best Friend.”

Source: forbes

“Botswana Should Not Produce or Sell Synthetic Diamonds”

Debswana_Orapa

According to the official, synthetics will “compromise” the value of Botswana’s natural diamonds

Lucara 123 carat diamond
Lucara Diamonds

Mmetla Masire, permanent secretary at Botswana’s Ministry of Minerals, said in a Parliamentary Accounts Committee quoted by Rough & Polished that Botswana cannot engage in production and sale of synthetic diamonds as this will compromise “the value of our diamonds”. Credit: Debswana

The Letlhakane diamond mine in Botswana
De Beers mining

Masire said that “Botswana will send a confusing message to its customers should it decide to produce and sale synthetic diamonds”. He added that the Debswana Diamond Company (the joint venture between the government of Botswana and diamond miner De Beers) is searching for other markets other than the US to sell its diamonds, including in China. Credit: De Beers

Masire “refused to provide an update on the ongoing negotiations between Gaborone and De Beers as disclosure of any information pertaining to the negotiations will potentially influence the outcome”. Botswana and De Beers’ huge 10-year diamond sale agreement is expected to expire by the end of 2020. Botswana accounts for more than two-thirds of De Beers’ diamond production.

Source: israelidiamond

WA cuts diamond royalty rate

WA rough diamond

Western Australia has reduced its diamond royalty rate by a significant 33.3 per cent, a move that has been welcomed by Gibb River Diamonds.

The company’s lobbying has led to the reduction of the state diamond gross royalty rate from 7.5 per cent to 5 per cent.

Gibb River stated that the royalty change was in line with the recommendations of the Mineral Royalty Rate Analysis report.

This was published by the Western Australian Department of State Development and Department of Mines and Petroleum in 2015.

“The board of (Gibb River) believes that the reduction of the diamond royalty will have a very positive effect on the sector and is an extremely helpful step in further (Gibb River’s) aim of becoming a profitable diamond producer in Western Australia,” the company stated in an ASX announcement.

The rate is comparable to the 5 per cent royalty rate applied to Rio Tinto’s Argyle diamond project in Western Australia as of May this year, which was amended from the 7.5 per cent rate in 2006 when Rio Tinto decided to proceed with underground mining.

Gibb River operates the Ellendale diamond project in the West Kimberley, which supplies over 50 per cent of the world’s fancy yellow diamonds every year.

The rare colour had driven United States jeweller Tiffany & Co to ink a six-year deal with Ellendale’s former operator, Kimberley Diamonds, for the supply of the diamonds in the past.

Source: australianmining

Petra Diamonds sells Botswana exploration assets

Petra Diamonds

Petra Diamonds (PDL.L) has agreed to sell its Botswanan exploration assets to Botswana Diamonds (BODP.L) for $300,000 and a 5% royalty on future revenue, the diamond miner, which is in the process of restructuring, said on Monday.

The purchase price will be payable in two equal instalments on or before August 31, 2021 and August 31, 2022, Petra said. Botswana Diamonds has the option to buy out the royalty for $2 million in cash.

Petra’s subsidiary Sekaka Diamonds Exploration (Pty) Limited, which Botswana Diamonds would take over, holds three prospecting licences including the KX36 project, which has an indicated resource of 17.9 million tonnes at 35 carats per hundred tonnes.

Botswana Diamonds managing director James Campbell said KX36 would be the company’s most advanced project in southern Africa, and Sekaka’s exploration database would also be “hugely complementary” to its current activities.

Petra, which has been planning to sell Sekaka since June 2018, said the deal is separate to the sales process it announced last month as part of its restructuring.

“The first tranche of the purchase consideration is not expected to be received until August 2021, making the sale too long-dated to help with Petra’s immediate cash flow challenges,” said BMO analyst Edward Sterck.

The sale still requires approval from the Botswana Competition Commission, ministerial consent in Botswana, and approval from Petra’s lenders and debtholders.

Campbell said he hopes the deal will be sealed by August 31.

Southstone Minerals recovers many large, high quality diamonds

Southstone Minerals

Southstone Minerals Ltd. [SML-TSXV] provided a production and operational update for December 1, 2019, to February 28, 2020 (Q2 2020), and March 1 to May 31, 2020 (Q3 2020), on its project portfolio in South Africa.

The Oena Project consists of one New Order Mining Lease located in the Northern Cape Province, South Africa. Oena is 8,800 hectares in size and covers a 4.8-km wide strip along a 15-km length of the lower Orange River. Southstone owns 43% of African Star Minerals (Pty) Limited which owns 100% of the property.

Southstone continues to focus and prioritize its efforts on the alluvial Oena diamond mine. There is currently one mining contractor on site using eight pan plants to process run-of-mine (ROM) material and one Bourevestnik (BVX) unit used for diamond recovery.

Production results for both Q1 and Q2 were impacted as a result of the mandatory closure of the mine for the period from March 26, 2020, to May 3, 2020, due to COVID-19. A total of 803.92 carats (112 diamonds) were produced, placed on tender and sold with an average price of US $1,957 per carat.

Bluedust Carats produced No. of stones US$/carat

Q2 2020 ROM 588.14 77 1,942

Q3 2020 ROM 215.78 35 2,001

The Oena diamond mine continues to produce very large and high-quality diamonds. For example, 52.62 carats (sold for US $127,975), 44.25 carats (US$243,000), and 37.03 carats ($188,962). Twenty other stones were greater than 10 carats.

Kwena Group, Republic of South Africa

Shareholders approved the disposition of the Kwena Group on May 15, 2020, and the company received final approval from the TSX Venture Exchange on the May 25, 2020. This disposition of the Kwena Group resulted in a total of 4,527,416 shares being returned to treasury and the forgiveness of outstanding indebtedness of the equivalent of $1.2-million.

Southstone agreed to settle an outstanding debt of $35,430 to two creditors by issuing 708,600 shares at $0.05 per share, subject to TSXV approval.

Source: resourceworld.com