2 Huge Yellow Diamonds Are Heading to Auction
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The highlight of Christie’s “Magnificent Jewels” auction in Geneva will be “The Yellow Rose,” a 202.18-carat fancy intense yellow pear modified brilliant-cut diamond mined in South Africa.
The pre-sale estimate is about CHF 4 million ($4.41 million).
There have been only two other yellow diamonds weighing more than 200 carats sold at auction, said Christie’s.
The “Magnificent Jewels” auction is slated to take place at the Four Seasons Hotel des Bergues on Wednesday, a sale that is continuing despite the fact that the auction house’s website has been offline since Thursday evening following a cyberattack.
In an Instagram post Tuesday morning, Christie’s said it is “pleased to reassure our clients that secure bidding for Magnificent Jewels will be available in person, by telephone, absentee, or through Christie’s Live.”
Christie’s Live is its livestream of the auction. The statement on Instagram said that clients who want to bid online should contact a member of the team or the bids department to register.
The accompanying “The Jewels Online: The Geneva Edit” sale was scheduled to be open for bidding online from May 8-22. Christie’s did not respond to a request for comment about the status of the sale.
Meanwhile, Sotheby’s has a sizable yellow diamond of its own heading to its “Magnificent Jewels and Noble Jewels” sale, which will be held today in Geneva.
“The Allnatt” is a 101.29-carat fancy vivid yellow diamond, mounted in a Cartier brooch.
It has a pre-sale estimate of CHF 5.6 million to 6.5 million ($6.2 million to $7.2 million).
The stone was named after its first known owner, Major Alfred Ernest Allnatt, a British sportsman, racehorse owner, philanthropist, collector, and patron of the arts.
Allnatt acquired the diamond in the early 1950s, said the auction house, and had it mounted by Cartier.
The brooch’s floral design is similar to the mounting Cartier created for the “Williamson Pink” diamond around the same years of production (1952-1953), said Sotheby’s.
The Allnatt is “one of the largest and most historically significant yellow diamonds ever discovered,” said Sotheby’s.
The diamond is from South Africa and likely was mined more than 100 years ago, it said, adding this sale marks its first appearance on the market in nearly 30 years.
The stone has been included in several exhibitions, including “The Splendor of Diamonds” in 2003 at the Smithsonian Museum of Natural History, which highlighted seven diamonds representing the best of their colors.
As for other notable auction highlights, Christie’s sales will feature diamonds, gemstones, and signed jewels from several designers, including Buccellati, Cartier, Georges Fouquet, Tiffany & Co., Jean Schlumberger, Marina B, Van Cleef & Arpels, Sterlé, and JAR.
Up for auction is an early 20th century brooch, circa 1915, belonging to Queen Victoria Eugenia, set with sugarloaf and oval-shaped cabochon emeralds and old mine-, rose-, and calibré-cut diamonds.
It has a pre-sale estimate of CHF 150,000 to 200,000 ($165,525 to $220,700).
At Sotheby’s, another top lot is a pair of earrings set with Burmese sapphires, weighing 14.66 carats and 13.94 carats, framed by marquise-shaped diamonds “of a blue tint.”
The pre-sale estimate is CHF 1 million to 1.46 million ($1.1 million to $1.6 million).
The Latest
Said to be the first to write a jewelry sales manual for the industry, Zell is remembered for his zest for life.
The company outfitted the Polaris Dawn spaceflight crew with watches that will later be auctioned off to benefit St. Jude’s.
Anita Gumuchian created the 18-karat yellow gold necklace using 189 carats of colored gemstones she spent the last 40 years collecting.
Supplier Spotlight Sponsored by GIA.
The giant gem came from Karowe, the same mine that yielded the 1,109-carat Lesedi La Rona and the 1,758-carat Sewelô diamond.
The three-stone ring was designed by Shahla Karimi Jewelry and represents Cuoco, her fiancé Tom Pelphrey, and their child.
The Manhattan jewelry store has partnered with Xarissa B. of Jewel Boxing on a necklace capsule collection.
Supplier Spotlight Sponsored by GIA
Acting as temporary virtual Post-it notes, Notes are designed to help strengthen mutual connections, not reach new audiences.
The jewelry historian discusses the history and cultural significance of jewelry throughout time and across the globe.
From fringe and tassels to pieces that give the illusion they are in motion, jewelry with movement is trending.
The designer and maker found community around her Philadelphia studio and creative inspiration on the sidewalks below it.
The change to accepted payment methods for Google Ads might seem like an irritation but actually is an opportunity, Emmanuel Raheb writes.
The industry consultant’s new book focuses on what she learned as an athlete recovering from a broken back.
The fair will take place on the West Coast for the first time, hosted by Altana Fine Jewelry in Oakland, California.
Hillelson is a second-generation diamantaire and CEO of Owl Financial Group.
Submissions in the categories of Jewelry Design, Media Excellence, and Retail Excellence will be accepted through this Friday, Aug. 23.
Clements Jewelers in Madisonville cited competition from larger retailers and online sellers as the driving factor.
The gemstone company is moving to the Ross Metal Exchange in New York City’s Diamond District.
Most of the 18th century royal jewelry taken from the Green Vault Museum in Dresden, Germany, in 2019 went back on display this week.
The Pittsburgh jeweler has opened a store in the nearby Nemacolin resort.
With a 40-carat cabochon emerald, this necklace is as powerful and elegant as a cat.
The Erlanger, Kentucky-based company was recognized for its reliability when it comes to repairs and fast turnaround times.
Unable to pay its debts, the ruby and sapphire miner is looking to restructure and become a “competitive and attractive” company.
The trend forecaster’s latest guide has intel on upcoming trends in the jewelry market.
Ingraham said she’ll use the scholarship funds to attend the Women’s Leadership Program at the Yale School of Management.
Moijey Fine Jewelry & Diamonds held a three-week “Mine to Finger 3D Jewelry Program.”