Tag: blue diamonds (page 1 of 2)

Out of the Blue

By: Emily Duke
Finesse Diamonds Corp.
NCDIA Co-chair Marketing Committee

Blue diamonds have been making and breaking records at auction for a few years now. In November 2014, Sotheby’s New York set an auction record for a blue diamond when the Zoe Diamond garnered $32.6 million. Then, in November 2015, the 12.03-carat Blue Moon (a fancy vivid blue) sold at Sotheby’s Geneva for $48.5 million, setting an auction record for any gemstone.

This auction season we saw some spectacular natural blue diamonds sell for incredible sums.

In April, Sotheby’s Hong Kong offered the 10.10 carat De Beers Millennium Jewel 4, an internally flawless fancy vivid blue oval, and saw it sell for $31.8 million.

The 24.18-carat fancy intense blue diamond nicknamed the “Cullinan Dream” sold for $25.4 million at Christie’s in June and is now the largest, most expensive fancy intense blue diamond ever offered at auction.

The largest and finest fancy vivid blue diamond ever seen at auction, the Oppenheimer Blue, is also now a record-setter. The emerald cut, 14.62-carat stone sold for $57.5 million at Christie’s Geneva, setting a new world record price for any jewel sold at auction, surpassing the Blue Moon.

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The Oppenheimer Blue Diamond Photo: Telegraph.co.uk

Jewelry loving consumers are paying attention. They’re curious, intrigued by the staggering price tags and the history of the stones. So what do you do when they come to your store looking for a blue diamond?

I doubt they’re coming to spend millions. Maybe a 5-figure budget, if you’re lucky. Fortunately, not all colored diamonds are crazy expensive. It’s smart to stock an assortment of colors and price points so you can satisfy each unique customer.

When it comes to blues, there’s a modifier that will bring the price down but not the beauty. Gray. It’s more common for blues to have a gray tint so it tends to make the diamond much more budget friendly. A grayish-blue, gray-blue, or blue-gray could be a really lovely alternative to a straight blue without sacrificing attractiveness. Remember, whatever color is at the end of the grade is the dominant hue. So a grayish-blue or gray-blue will be more expensive than a blue-gray or blueish gray.

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Fancy grayish blue diamond sold by Bonhams in 2015

Keep in mind, like all colored diamonds, blues are not created equal. Two stones could have the same color grade on the cert, but one could be much nicer than another so reviewing them in person is ideal. It’s also important to consider the setting. Rose gold and pink diamond accents will bring out the blue in the diamond, strengthening the color. If you aren’t familiar with color theory, you should check this out and pay attention to complementary colors.

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Rose gold cup and pink diamond halo enhance the color of the blue diamond center. Photo: Finesse Diamonds

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Fancy Grayish Blue diamond surrounded by Fancy Intense Purplish Pink diamonds to make the color pop. Photo: Hartmann’s

Modifying colors are your best friend. You just have to make sure you appreciate the beauty of the stone, not the grade on the certificate. If you fall in love with the diamond, so will your customer.

 

(Cover Photo: Leibish & Co.)

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The Blue Moon Diamond goes up for auction at Sotheby’s Nov 11th

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The 12-carat, Internally Flawless, Fancy, Vivid Blue Moon Diamond. Copyright: Cora International. Photo by Tino Hammid.

The Blue Moon diamond weighing 12.03 carats and described by experts as internally flawless could sell for a record $55 million (47 million euros) when it goes up for auction in November, Sotheby’s said Thursday.

The Blue Moon diamond, discovered in South Africa in January last year, will be exhibited in Hong Kong, London and New York before its likely purchase at auction in Geneva on November 11.

“The Blue Moon diamond is a simply sensational stone of perfect colour and purity,” David Bennett, who heads Sotheby’s international jewellery division, said in a statement.

He added that the immense hype which followed the stone’s discovery “has now been proven to have been totally justified.”

The Gemological Institute of America previously declared the Blue Moon to be “internally flawless”.  The Blue Moon Diamond has been categorized as an extremely significant find – andone of the newest and rarest stones currently worldwide – due to its unique color, clarity, and size. Cut from a 29.6-carat rough, the internally flawless gem is fashioned in a cushion-cut shape at a noteworthy 12 carats. Diamonds with a strong saturated color represent only a tiny percentage of all natural diamonds – and only a minute percentage of all natural color diamonds are blue, making the Blue Moon Diamond exceptional. The stone was found in the Cullinan mine, northeast of Pretoria, South Africa, which is known for discovering some of the most recognized blue and other color diamonds in the world.

Categorised as a fancy vivid blue diamond, the Blue Moon is the largest cushion-shaped stone in that category to ever appear at auction. Sotheby’s put its estimated sale price between $35-$55 million which, at the higher end, would mark a record for any diamond sale. In November 2010, a 24.78 carats pink diamond — known as the Graff Pink — sold in Geneva for just over $46 million. The record sale for a blue diamond so far came in November last year, when a 9.75 carats fetched $32.6 million at an auction in New York.

 

The Blue Moon Diamond during scientific testing at the Smithsonian Institution. The equipment behind the diamond is a phosphorescence spectrometer. Copyright: NHM. Photo by Eloïse Gaillou.

 

 

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Join Alan Bronstein for a special seminar on the beauty and nature of Natural Color Diamonds!

Natural Color Diamonds - Image courtesy of Aurora Gems

*Image courtesy of Aurora Gems

Natures Diversity; Natural Color Diamonds Presented by Alan Bronstein (NCDIA VP) Sunday, August 9, 2015
7:00 – 9:00 P.M.

The popularity of color diamonds is a relatively recent phenomenon and like pieces of a rainbow frozen in time for eternity, they are hypnotic to the gaze.

Don’t miss this opportunity to bee captivated with the brilliance, fire and color as Alan shares the excitement of the Aurora Pyramid of Hope diamond collection. Alan will discuss the rich lore of color diamonds and provide a historical perspective to give us a valuable context for appreciating the rarity and value of the Aurora Pyramid of Hope.

Alan Bronstein is among the world’s most trusted advisors of colored diamonds to leading jewelers, fine jewelry designers, and private investors. Alan is the respected curator of the world’s most famous natural fancy colored diamond collections, the Aurora Pyramid of Hope and the Butterfly of Peace Collection. He lectures widely ranging from the United Nations to the New York University.

Location – Holiday Inn Rosslyn, 1900 Ft. Meyer Drive, Arlington, VA 22209, at the Virginia end of Key Bridge, 703-807-2000.

Admission is  $10.00 . Please visit the DC GIA Alumni website at www.dcgia.org. for more details.

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May 30, 2015 – Las Vegas. With over 300+ guests in attendance from  retailers, wholesalers, designers and affiliates, NCDIA’s Night of Color: Las Vegas 2015 was hosted at MiX Lounge in the Delano Hotel.  Natural Color Diamonds are the most exciting category in the industry today and our guests were excited to share the stories behind vast array of colors available today.

“An evening where the industry comes alive more than ever” – Kunming Trading Co. (Hong Kong)

At this years’ “Night of Color” event, attendees had a great opportunity to connect and discuss current trends, issues and marketing strategies with their colleagues in the industry in a casual atmosphere. We had a great turnout and announced a special Champagne Diamond Toast – during this toast one guest was able to win a Natural Champagne Diamond, guests were lining up to visit NCDIA Educational Director Thomas Gelb to see if they had a Natural or CZ stone. Nice Diamonds was proud to have partnered with NCDIA to sponsor this event.

 

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Champagne Diamond Toast sponsored by Nice Diamonds – Nadav Gurevitch (centered) of Novel Collection with Nilesh and Kalpesh Sheth of Nice Diamonds. Nadav was the lucky winner of the 1ct Natural Champagne Diamond!

People come to Las Vegas not just for buying and selling, they come there for educational seminars, networking and mainly to update themselves and their staff about the current trends. – Nice Diamonds (USA)

Our goal at NCDIA is to increase awareness of color diamonds at retail and consumer level through education. Additionally, NCDIA provides its members with marketing and educational tools to increase their business and improve their bottom-line. NCDIA would like to thank it’s sponsors Brinks Global, Kassoy, Nice Diamonds a & J.Fine, Inc.

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NCDIA was proud to announce it’s brand new Educational Course program, this course will be both online and in person. This course will cover both the market and technical fields of Natural Color Diamonds, we encourage our industry to educate themselves in the world of natural color diamonds and to share your knowledge with your staff and customers stated Gino Di Geso, NCDIA Director

“An amazing night filled with ideas and fellowship. If you are in the Natural Color Diamond business, this is an event not to be missed.” – Denney Jewelers (USA)

“NCDIA’s cocktail event in Las Vegas is lots of fun and a great way to meet and greet old friends and new people too! Mark this in your calendar for next year as the event gets bigger and better!” – Solomon’s Jewelers (USA)

“When you look into the dazzling facets of a color diamond, you become spellbound. It is hard to look away. Each one tells a unique story of a profound transformation of enormous energy and of endless time, NCDIA offers the much needed educational information that can assist the industry to learn more about these beautiful diamonds” – Hartmann’s (Denmark)

 

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Thank you to our sponsor Brinks Global!

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