Page 7 - Quig Bruning News Today

Sotheby's could be to blame for giving away $4 million in diamonds to jeweler Jona Rechnitz, a convicted felon who faces other fraud charges.

War, inflation, stock market declines and regional challenges have had little impact on auction performance in general. Demand and prices for high-quality gems and jewels keep rising. Heading into the summer break, professionals in the secondary jewelry market expressed an almost giddy...

A 101.41-carat diamond has set another auction record after fetching $US13 million ($AU18.74 million) at the Sotheby’s New York Magnificent Jewels tender.

A private collector in Asia paid $13 million for a pear-shaped stone he renamed the Claire G diamond, after his wife, at the most recent Sotheby’s sale in New York.The 101.41-carat, D-color, internally flawless stone, previously known as the Juno diamond, was estimated to fetch in excess of $10...

When it comes to coloured gemstones like rubies, sapphires and emeralds, inexperienced buyers’ only hope is to meet a trustworthy seller.

Earlier today, a href= http://www.sothebys.com target= _blank Sotheby’s /a sold an exceptional 50.03 carat round diamond for $2.7 million &#1

But the show goes on at Sotheby’s and Christie’s with a mixture of in-person and remote bidding, while British dealers are getting creative in the Big Apple