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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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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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DiamondThe most flawless, biggest briolette ever to surface at auction weighing at a stunning 75.36ct broke records! This diamond was sold for a world record at $11,145,734 from an anonymous buyer at Christie’s Hong Kong’s Magnificent Jewels sale. This pendant necklace was originally valued at a pre-sale low estimate of $8.5 million, which it easily surpassed.  It did fall short of its high pre-sale estimate of $12.5 million.

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The briolette is a traditional cut popular in the Victorian times but has recently become more popular in precious and semi-precious stones. It is a stone cut into a three-dimensional waterdrop shape.  Its elegant pear shape with cut facets dangles below a marquise-cut purplish-pink diamond. Adorned with stations of smaller briolettes with 18 karat white and rose gold adjustable neck chain, this piece is a classy stunner!

An auction spokesperson said the diamond was “perfect,” and had the proof of an assessment with the Gemological Institute of America. The GIA rated the stone Type IIa, which is the top quality grade.  The diamond is similar to the British Queen Elizabeth’s one she has set in her crown. Christie’s jewellery specialist, Chiang Shui-Fung, says the diamond is extremely rare.

The briolette is special because they have to find a piece rough and big enough to cut into that style. The diamond came to an American dealership named William Goldberg, as a 160.5- carat rough weight and had to be shaped into the now 75.51 carat diamond. To achieve this brilliant rare cut William Goldberg had to sacrifice more than half the stone’s weight in the meticulous cutting process. The diamond is now a stunning piece and will be remembered as a historical record breaking event.

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