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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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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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WomenFor the second year in a row, Hearts on Fire has sponsored ELLE Magazine’s Women in Television celebratory dinner. Hosted by Editor-in-chief Robbie Myers, the star-studded event welcomed more than a hundred of the industry’s top talent and executives in an intimate setting, perfect for showcasing the brand’s sparkling diamonds.

The brand is no stranger to Hollywood. Many showstopping Hearts on Fire pieces have been spotted on the red carpet by actresses from several hit shows including Malin Ackerman (Trophy Wife), Emma Roberts (American Horror Story), Maria Menounos (Extra), and Sarah Rafferty (Suits). The most notable actress in attendance was perhaps Morena Baccarin, star of the Emmy award-winning Homeland. She is also the face of the newest Hearts on Fire campaign, the first ever celebrity collaboration. Of the brand she says, “I had the opportunity to wear Hearts On Fire jewelry on the red carpet and just loved the way their diamonds made me look and feel. The quality and sparkle of Hearts On Fire diamonds is truly unmatched, and I am really excited to represent the brand.”

The highlight of the event was over $15 million worth of Hearts on Fire perfectly cut diamonds spread out on the dinner tables, where more stars were able to try on and touch the jewelry pieces.morena b

Hearts on Fire is The World’s Most Perfectly Cut Diamond. Founded in 1996, the brand was built around one simple idea: to create the most beautiful diamonds ever seen. From start to finish, they have always focused on striving for perfection – from the selection of rough, to proprietary cutting and polishing processes. They have since become the fastest-growing diamond brand in the world, and have established a new industry standard for diamond cutting. Visit their website http://www.heartsonfire.com/ to get a peek into what they do and for a list of authorized retailers near you.

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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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royal babyAs part of the royal tradition, Kate Middleton is rumored to receive a new mommy gift (or “push present”) for the birth of her first child, Prince George Alexander Louis. It can’t be easy to figure out what to give the mother of the future King of England, but Prince William seems like he has it all figured out.

It is believed that William has commissioned one of the royal jewelers to find a pink diamond that will become the centerpiece of a custom brooch for Kate. He is very involved in the design process, adding sentimental touches to make it that much more special. Due to the scarcity of colored diamonds, in particular high quality ones of a larger size, it may be a while before we see the completed piece. Originally he was contemplating giving her one of his late mother the Princess Diana’s jewels, but decided that he wanted something made just for her. Prince Charles had also presented the late Princess Diana with a gift when William was born – a necklace of diamonds and pearls with a heart-shaped center, and a gold ‘W’ charm for her bracelet.

Fancy colored diamonds have a tradition for the English royal family, especially pink diamonds. Queen Elizabeth II owns one of the most famous pink diamonds in the world: the Williamson Pink, a flawless diamond of over 54 carats rough given to her as a wedding gift in 1947 by Canadian geologist John Williamson. The rough diamond was cut into a 23.6 round brilliant, which the Queen then had set into a diamond flower brooch.

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The most beloved First Lady of Argentina was as well-known for her charitable endeavours as she was her glamorous image. Eva Perón (fondly referred to as Evita), the wifeEva of the former Argentinian president Juan Perón was a charming beauty who created her own legacy. She rose from humble beginnings in the rural town of Los Toldos to become a recognized actress before finally meeting her future husband. Soon after, she established the Eva Perón foundation, which focused on helping the common people and provided services such as healthcare, education, and community development nationwide. Being very hands-on, she made many public appearances in the name of her Evacharity and was always impeccably dressed; often in French couture, fur, and elaborate jewels.

One of Perón’s most memorable pieces has surfaced again to the public: the headliner at the upcoming October 15th Sale of Magnificent Jewels by Christie’s, the historic brooch depicting the Argentine flag. Featuring brilliant colorless and yellow diamonds and “mystery-set” blue sapphires, it was a custom designed piece for the first lady by the house of Van Cleef and Arpels. The last time it was seen in public was in April 1998, where it sold at auction for ten times its estimate at an astounding $992,500!

Another iconic piece worn in her 1947 official portrait (which was also used in Argentinian stamps in that era) is a Victorian-era diamond necklace set with eleven oval Burmese rubies. It was also sold at auction in 2003 at an estimate of about $200,000. What is unusual, according to experts, is that the entire necklace remained intact – it was common during the 19th century for important pieces of jewelry to be dismantled and remade.

Very recently, Spanish police have recovered a hoard of stolen jewels estimated at approximately $6 million euros.  They organized a sting at the hotel the thieves were staying at in Milan, and they recovered a collection of rings, earrings and a Evafantastic diamond tiara believed to have been given to Perón by the Dutch royal family.

Much like her life, there is a lot of mystery of origin surrounding Perón’s many jewels, which may also be why some of her most treasured jewelry pieces have wound up at high-end international auctions, fetching record-breaking prices for fascinated jewelry collectors and historic collectors alike.

 

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