Carat

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lady luckA fancy vivid yellow diamond weighing a whopping 77.77 carats is expected to be the top lot at Sotheby’s Hong Kong, with a pre-sale estimate up to $7.7 million.

Clearly the top lot has auspicious ties to the number seven. In the Western world, seven is considered the luckiest of all numbers; many a gambler has dreamed of hitting the 7-7-7 slot machine jackpot. For potential Asian buyers, seven is a lucky number that signifies togetherness, and the yellow hue is also symbolic of royalty and power.

The “Lady Luck Diamond” boasts a VS2 clarity and a pure fancy vivid yellow, the most desirable saturation for colored diamonds. Pure yellow diamonds owe their coloration to nitrogen atoms dispersed throughout the crystal matrix, which is extremely hard to penetrate. The amount of nitrogen present determines a yellow diamond’s saturation level, which is why the more intensely saturated gems are extremely rare and valuable.

Flanked by five-carat heart-shaped diamonds on either side, the “Lady Luck” is presented as the lady luck 2centerpiece of a three-stone ring in rich 18 karat yellow gold. It can also be detached and worn as a pendant on its own.

The “Lady Luck” is sure to appeal to a wide audience of bidders later this month at Sotheby’s “Magnificent Jewels and Jadeite Sale” at the Hong Kong Convention and Exhibition Center. The auction comprises 320 lots in total, including rare colorless and colored diamonds, gemstones, and signed pieces from the Art Deco period. Total sales expected to be generated are over $100 million.

 

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Faberge, one of the world’s most recognized fine artist jewelers, have unveiled a new creation of their iconic Imperial Eggs. The lucky attendees of last week’s Doha Watch and Jewellery Exhibition in Qatar witnessed the first debut of the extraordinary masterpiece: the $2 million Pearl Egg.

Using a combination of white and yellow gold, the meticulously crafted egg features a total of 139 natural white pearls, gleams with a mother-of-pearl finish and adorned with over 3,300 diamonds and hand-carved rock quartz. The centerpiece is an incredibly rare, unique 12.17-carat natural grey pearl sourced from the Arabian Gulf. To reveal it, the outer egg shell is rotated on the base which allows the six sides to flower open simultaneously to reveal the treasure; reminiscent of how an oyster opens to reveal its’ cultured pearl.

The House of Faberge collaborated with the Al-Fardan family to create this egg in honor of the upcoming centenary marking the last Imperial Egg ever made. A renowned pearl collector and connouisseur, Hussain Ibrahim Al-Fardan personally hand-selected each pearl from his family’s collection to be used in making the Pearl Egg.

The Pearl Egg is the first imperial class egg made in almost a century – the last imperial class egg was created in 1917, under the supervision of Peter Carl Faberge himself. The Karelian Birch, also referred to as the “Birch Egg”, was commissioned by the last Tsar of Russia Nicholas II, intended as an Easter gift to his mother, the Empress Maria Feodorovna. The February Revolution began before the egg could be delivered, signalling the end of the imperial era of Russia and subsequently, Faberge’s eggs.

 

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The Letseng mine in the small Kingdom of Lesotho, South Africa has just uncovered another massive diamond rough: a 198-carat stone, roughly the size of a large letseng 198 caratstrawberry.

A diamond over 100 carats is rare enough – with only about 10 to 15 found each year worldwide – but a rough that is nearly 200 carats is an exceedingly rare find. A stone of this size is expected to yield a polished diamond around 100 carats, or half the weight of the rough it originated from.

Even though the stone’s size is impressive, it is not even close to being the largest ever uncovered from the Letseng mine. In fact, the Letseng mine is well-known for churning out large, quality rough over the years, and has the highest price per carat production of all the mines in the world. Some of the largest include the Letseng mineLesotho Promise, the 15th largest diamond in the world at 603 carats; the Letseng Legacy at 493 carats, and the Leseli La Letseng at 478 carats which are 18th and 20th largest respectively.

What makes this rough even more valuable is its’ designation of Type IIa, which constitutes less than 2% of all natural diamonds. Type IIa diamonds have no measurable nitrogen impurities, making them chemically pure. This not only gives them exceptional optical transparency, but also a high likelihood of achieving a colorless (D-E-F) grade and a high clarity grade. Officials from Gem Diamonds Ltd, which own the majority stake in the Letseng mine, confirmed this after inspection of the stone noting it as “an exceptional white, high-quality diamond that displays no fluorescence”.

Martin Potts, a London-based mining analyst has estimated the 198 carat stone to fetch somewhere between $12 to $15 million.

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christies green diamond

christies green diamond

A 6.13-carat fancy intense green diamond set a new per-carat record when it sold at Christie’s on May 27 for a whopping $3.6 million, or $594,510 per carat. The square cushion cut diamond is the center of a rose gold halo style ring, accentuated by natural pink diamonds.

Next to red, green is the rarest of colors found in natural diamonds. For most colored diamonds, the color comes from trace amounts of mineral impurities or extreme pressure conditions while the diamond was forming. The tight chemical structure makes it very difficult for any impurities to enter, which is why colored diamonds are exceedingly rare. Small amounts of boron in the crystal lattice structure of a diamond, for example, will impart a blue hue; same goes with nitrogen for yellow, and hydrogen for violet. What gives a diamond a green hue however, is the presence of natural radiation over millions of years. Because the radiation exposure is an external force rather than internal force (such as mineral impurities and lattice defects), it acts on the surface only. As a result, green diamonds are not green all the way through; the color is concentrated on the outer layers and tends to be weakly saturated. That is why a fancy intense green diamond, especially one of a size like this one, is almost a once-in-a-lifetime find.

This spectacular diamond joins the ranks of other recently sold, record-breaking gems at Christie’s. At their Geneva auction just last month, there were three record-breakers alone. They include ‘The Blue’, a fancy vivid blue pear shaped diamond weighing over 13 carats, a 76.5 carat light pink square-cut diamond that sold for $10.2 million, and the ‘Ocean Dream’ – a 5.5 carat, vivid blue-green diamond that went for $8.8million.

 

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jennymcJenny McCarthy is definitely not one to shy away from media! She shocked over 3 million viewers last Wednesday on live television via her morning talk show, The View by showing off a huge yellow sapphire and diamond ring and announcing her recent engagement to singer Donnie Wahlberg.

The former model, actress, one-time author and current co-host of The View was immeasurably ecstatic, jumping up and hugging co-hosts Barbara Walters and Sherri Shepherd. A slideshow of pictures of the happy couple played across the screen as Wahlberg made a surprise appearance from backstage, coming up to hug his sweetheart.

McCarthy’s bubbly and vivacious personality seems to match her engagement ring perfectly: a square brilliant cut yellow sapphire, surrounded by a halo of white diamonds set in a split shank pave white gold band. Known to be a spiritual person, she may have chosen a bright yellow stone to elicit inspiration, creativity, and optimism.jennymc

The actress and TV personality describes how Wahlberg had enlisted the help of her 11-year-old son, Evan, with the proposal. While sitting on the couch at their shared home, Evan brought out a card that said “Will” and handed it to her. He walked back into the other room, coming back with “You”. He returned a third time with a card meant to say “Marry” but spelled “Mary”. McCarthy was in laughter and tears before Donnie came out the last time, wearing a shirt imprinted, “Me?” and got down on one knee.

“Of course, I said ‘Yes,'” she related. “In that moment Evan yelled, ‘I have another dad!’ and it made all of us cry.”

McCarthy began dating the New Kids on The Block singer in May of last year. The pair plan to tie the knot sometime in August 2015.

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nizamThe Duchess of Cambridge stepped out on her first official event of the year in great style, with an elegant navy Jenny Packham evening gown and her signature wavy locks. But what stole the show was what she was wearing on her neck, a priceless diamond necklace known as the Nizam of Hyderabad.

Named after the man who bestowed this extravagant gift, it has been a part of the Royal Collection of Jewels since 1947 when the Nizam of Hyderabad gave it to Queen Elizabeth II as a wedding gift. At the time, the Nizam was one of the richest men in India, and he governed over an area that indisputably is the origin of the most valuable diamonds in the world. The Golconda region, located just west of the Hyderabad district has produced large diamonds of such purity and quality that many are located in museums and royal collections to this day. The Hope diamond (Smithsonian Natural History Museum), Daria-i-Noor (Central Bank of Iran), Koh-i-Noor (British Crown Jewels), and the Archduke Joseph (recently sold at auction for a record-breaking price) are some famous diamonds with Golcandan provenance.nizam

This is the first time where the Duchess has stepped out in jewels from the royal vault, and she chose the fundraising gala at the National Portrait Gallery in London.  Despite the host of celebrities also attending and the priceless paintings themselves, all eyes were on the Duchess’ neckline. Media reports speculate that Kate will be undergoing a change in wardrobe to look more regal in the coming months.

The Nizam of Hyderabad is constructed of colorless diamonds and platinum, featuring a double drop pear-shaped pendant and thirteen emerald cut diamonds. It is seen worn by the Queen in many official portraits, and like other priceless jewelry pieces is unlikely ever to leave the British Crown’s possession.

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wreathWe’ve seen many seemingly ordinary items bedazzled into creations of jewelry art: diamond studded shoes by Stuart Weitzman, Victoria’s Secret Fantasy Bras, and even Lady Gaga’s golden wheelchair chariot… but this is the first time expensive jewels are combined with Finnish flora to create a Christmas wreath.

Created by floral designer Pasi Jokinen-Carter, it takes the place as the most expensive wreath ever designed. With 32 diamonds and 16 rubies totalling 138 carats, the creation is priced at $4.6 million. Resting among the elaborate and rare greenery that includes Helleborus flower buds, hand-curled eucalyptus leaves, and blue Hedera berries, the gems add an unmistakable luxurious touch without overwhelming – they create a nice visual contrast with a little pop of color. Twenty-two loose round brilliant hellediamonds are nestled in the petals of one of the Helleborus flowers, and another cradles a 3.03 carat fancy yellow diamond. The largest gem in the wreath is a 17.49 carat ruby.

“I am passionate about my craft and this recent invitation to create an exclusive wreath, using natural materials and diamonds, has been an exciting and exceptional project,” says Jokinen-Carter. The wreath takes about a week to create, with most of the greenery and flowers sourced from his own backyard. All of the gems can be easily dismantled after the holidays, where they may find new (more permanent!) homes in jewelry pieces.

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Paul WalkerAlmost ten years ago, in the holiday season of 2004, Paul Walker happened to be in a Santa Barbara jewelry store at the same time as another couple that was browsing. That couple was Kyle and Kristen Upham, who were looking for an engagement ring. They were already secretly married in a private ceremony before his deployment to Iraq, but now he was back and wanted to get her a proper ring.

While they were browsing, the “Fast and Furious” star struck up a conversation with them. Kristen recalls when Walker found out that Kyle had just come back from his first tour in Iraq: “I remember seeing the look in his face. He kind of transformed.”

Kristen was back at the store to look at a ring she really, really liked. It featured a round brilliant center diamond, accented with baguette diamonds in the band set in white gold. At $9,000 though, it was out of her husband’s budget. They left the store empty-handed, but received a call later on from Irene King, the sales associate who had helped them, asking them to return to the store. Waiting for them was her dream ring, wrapped up and paid for in full by a mysterious benefactor. The staff at the store refused to give out any details, as per his wishes. According to King, Walker had pulled aside the store manager in private and asked to put the ring on his tab, walking out shortly after.Paul Walker

The staff kept his secret for nearly a decade, until his recent untimely death sparked the wish to share his random act of kindness in tribute to his outstanding character. A great number of Walker’s colleagues and friends in Hollywood have since spoken out about his fantastic work ethic, talent, polite demeanor and passion for charitable projects. He will always be remembered in the people whose lives he touched, and for Kyle and Kristen Upham, they will always have a reminder and a story to tell when they pass down her ring for future generations.

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CitrineWith its range in color from sunny yellow to bronze deep orange hues, what better stone to represent the falling leaves of autumn than citrine? One of the official birthstones of November, citrine is a member of the mineral family quartz.

Currently the world’s largest faceted citrine resides in the “Special Exhibit Gems” of the Art Natura museum in Spain, a natural science museum that is home to an extensive collection of colored gemstones. Known as “The Malaga” in tribute of its host city, this oval shaped gem is an enormous 20,200 carats – equivalent to 4 kilos! It neighbors another gemstone of gigantic proportions: the “Eldorado”, a 31,000 carat imperial topaz which also happens to be the other birthstone of November.

Despite its size, “Malaga” has very minor imperfections and is considered nearly flawless. Along with its exceptional color, even distribution, transparency and purity, “Malaga” is truly a world-class gem. Citrine crystals that are found usually measure only a few cm across, and the ones that are larger in size generally lack in quality and are used for decorative purposes rather than jewelry.

The rough that formed “Malaga” was originally discovered in 1990 in Brazil. Due to the complications of the process of cutting and polishing a stone this large, the rough was left untouched for nearly two decades until 2009 when a team of gem cutters took on the challenge. With all of the special considerations needed for a stone of this size, it took over a year to bring to its polished form.

Brazil is the largest producer of the world’s supply of citrines; other important sources include Bolivia, United States, and Madagascar.

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RingThe world has set a new record never before has a ring being entirely made of a single diamond. How did they do it? Who had this crazy idea? How many carats is it and the big question is how much does it cost and who will buy it? They say diamonds are a girl’s best friend; well this one ought to provide a lifelong companionship.

The 150 carat all diamond ring was made with laser technology. Multiple tests were done to get the precision of the circle right. Special laser equipment was bought to cut the diamond directly and not alter the colour of it.  It was made by a labor of love and took a couple years in the process for making it.  Mohamed Shawesh, president and CEO of Geneva-based Shawish Jewelry was the genius and passion behind this stunning piece. “A ring made entirely of a faceted diamond has always seemed like a fantasy, It seemed impossible, so we decided to embark on the adventure of creating it. To create the perfect diamond ring is the epitome of art.” Says Mohamed Shawesh. It had been a dream of his from way back. In 2009 he sought to get the copyright to design the ring and in 2010 it was finalized but it still had a lot more time to go.

They had to go through a lengthy process of designs to get the ring to its perfect precision. Shawish speaks of this, “We had to do multiple tests with the design, to get the precision of the circle right. Diamonds are made of carbon and molecules that can change, even the colour can be altered when attempting to cut it. We had to buy special laser equipment, to cut directly into the diamond. The most important aspect is preserving the integrity of the diamond and of course the most difficult phase is precision cutting an entire stone into a ring.”

A couple years later in 2012 all the dreaming, fantasizing, and hard work has paid off. The 150 carat ring now goes for about $70 million.

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