Bez Ambar Bouquet of Lights with Blaze Cut Diamonds for a Heart Shape Center

One of our favorite designers, Bez Ambar, has introduced another beautiful mounting style using their patented Blaze Cut diamonds.  Named the Bouquet of Lights, the ring pictured shows a heart shaped center diamond with a ring of Blaze Cut diamonds on the underbezel and a three-row split-shank with bright bead set diamonds.

See more Bez Ambar designer ring styles...

Bez Ambar Dahlia Ring with Blaze Cut Diamonds

Bez-Ambar-daliah-ringOne of our favorite designers, Bez Ambar, has introduced another beautiful mounting style using their patented Blaze Cut diamonds.  Named the Dahila Ring, this style has two rows of Blaze Cut diamonds around the center round diamond and triple row pave on the shank and on the beautiful underbezel.

See more Bez Ambar designer ring styles...

The Second-Largest Diamond Ever Found: 1,111 Carat Diamond

1111-carat-diamondA 1,111 ct. diamond—described as slightly smaller than a tennis ball—was discovered this week at the Karowe mine in Botswana.

The type IIa stone, pictured at right, measures 65 mm by 56 mm by 40 mm  and is considered the second- largest diamond ever found, behind the 3,106 ct. Cullinan, discovered in 1905. It is also the largest diamond ever found in Botswana.

The remarkable find overshadowed another amazing discovery this week by Lucara: An 813 ct. stone, discovered at the same mine. That is considered the sixth-largest piece of rough ever found.

Lucara president and CEO William Lamb tells JCK that the 1,111 ct. stone will likely have top color. But he did not wish to speculate whether it could produce a group of stones, like the Cullinan did.

“I have not seen the stone, so I do not know what the internal features look like,” he says.

He declined to speculate on a potential price for the stone, which will likely be tendered during the first half of 2016. He did say that it will not be affected by the diamond market’s current woes.

“The price reduction people are seeing is for smaller, lower-quality goods,” he says. “The demand for these large, high-quality stones is still very strong. This is a special stone. I do not think current markets will affect the valuation.”

In a statement, Lamb described himself as “truly at a loss for words” at these twin finds.


Three Of The World's Costliest Diamonds Now Belong to Josephine

Josephine diamondsHong Kong billionaire Joseph Lau has spent Rs 317 crores ($69 million) for a rare 12.03 carat liquid blue diamond. He has gifted the blue stone to his seven-year-old daughter Josephine.

The diamond was also renamed 'Blue Moon Of Josephine'. This comes just a day after the tycoon, affectionately known as Big Liu, spent a whopping $40.4 million (Nearly Rs 268 crores) over a 16.08 carat pink diamond for his daughter that he also renamed 'Sweet Josephine'.

Six years back, he bought then 1-year-old Josephine her first major diamond; a 7.03-carat blue diamond for US$9.48 million (Nearly Rs 63 crores). This diamond was renamed by him as the 'Star of Josephine'.

While you marvel at the luck that follows the young josephine, let us tell you that she is not the only lucky daughter of Joseph. Her elder half-sister, 14-year-old Zoe also got two amazing gifts last year. She was gifted with a 9.75-carat 'Zoe Diamond'(US$32.6 million), and a 'Zoe Red' ruby (S$11.9 million).

Big Liu surely knows his way into his daughters' hearts and he knows the one universal truth that"Diamonds are a girl's best friend".


Sotheby’s to sell 12-carat blue diamond

12.03 Cushion Vivid Blue Moon-bigThis fall, the largest cushion-shaped fancy vivid blue diamond ever to appear at auction will go up on the block at Sotheby’s, with a chance of setting a new auction record.

The 12.03-carat diamond, named the “Blue Moon” because of its rarity, will lead Sotheby’s Magnificent Jewels and Noble Jewels sale scheduled to take place Nov. 11 in Geneva. 

The cushion-shaped, brilliant-cut stone boasts an exceptional clarity, declared internally flawless by the Gemological Institute of America.

It comes to market with an estimate of between $35 million and $55 million. If it sells at the high end of that range, the stone could become the most expensive diamond in auction history.

The current record is held by the Graff Pink, a 24.78-carat fancy intense that went for $46.2 million at Sotheby’s Geneva in November 2010.  (Sotheby’s actually topped the Graff Pink sale in November 2013 when it sold the 59.6-carat “Pink Star” for $83.2 million, but the record didn’t hold as the buyer couldn’t pay for it, requiring Sotheby’s to acquire the stone itself.)

Scientists from the National Gem and Mineral Collection at the Smithsonian Institution were able to study the Blue Moon diamond, noting that the color of the blue diamond is “true and saturated” throughout, with no other colors present.

The polished stone was cut from a 29.62-carat piece of rough unearthed at Petra Diamonds’ Cullinan mine in South Africa in January. A month later, Cora International NY purchased it for $25.6 million, or $862,780 per carat.

RELATED CONTENT: Nearly 30-carat blue diamond found in S. Africa

Sotheby’s also currently holds the world auction record for a blue diamond. This was set by the Zoe diamond, a 9.75-carat fancy vivid blue diamond that sold for $32.6 million in November 2014 during its sale of the late “Bunny” Mellon’s jewelry.

“Weighing in at 12.03 carats, the Blue Moon diamond is a simply sensational stone of perfect color and purity, combined with a superb cushion shape,” said David Bennett, worldwide chairman of Sotheby’s International Jewellery Division. “Blue, for me, is the most mysterious and magical of all the colors of diamond, and the Blue Moon will now take its place among the most famous gems in the world.”


Rio Tinto’s Argyle Pink Diamonds Tender

Rio Tinto once again has four fancy reds in its annual tender of special stones from the Argyle in Western Australia, the mine that produces the vast majority of the world’s pink and red diamonds.

Including the four fancy reds, there are total of 65 diamonds in this year’s Argyle Pink Diamonds Tender, up from 55 last year.

There also are five “hero” stones this year, top-quality diamonds to which Rio Tinto assigns a name.

This year, Rio Tinto’s partnership with The Australian Ballet inspired the names assigned to the hero stones.

-- Argyle Prima, a 1.20-carat pear-shaped fancy red

1.20 pear red Argyle Prima

-- Argyle Aurora, a 1.47-carat fancy red oval shape named for the princess in Sleeping Beauty

1.47 oval red Argyle Aurora

--Argyle Allegro, a 0.79-carat fancy red radiant-shaped diamond, named after the brisk and lively movement in ballet

0.79 radiant red Argyle Allegro

--Argyle Spectre, a 1.93-carat fancy-vivid purplish-pink shield-shaped diamond that takes its name from the ballet Le Spectre de la rose

1.93 shield red Argyle Spectre

--Argyle Élevé, a 1.44-carat fancy-intense pink emerald shape inspired by a movement in ballet

1.44 emerald intense pink Argyle Eleve

Viewings of the Argyle Pink Diamonds Tender in Hong Kong are by invitation only. Following the viewings there, Rio Tinto will bring the diamonds to New York and then back to Australia.

Tender bids are scheduled to close Oct. 21.


A 25 Carat Ruby Is Now the World’s Most Expensive Colored Stone - JCK

 The auction market got a shot of adrenaline last night, as the Sotheby’s Geneva sale set a world record for any jewelry auction—and capped that with six more world records, almost all for colored stones.  

The auction fetched $160.9 million, or 149.9 CHF (Swiss francs). That tops the previous record holder, the Christie’s November auction in Geneva, which fetched 147.2 million CHF. (Sotheby’s briefly claimed the title for its $199 million November 2013 sale, but that didn’t stand after an $83.1 million pink diamond sale was canceled.)

The sale gives a nice boost to the Sotheby’s jewelry sales, which were down two percent in the first quarter of 2014, according to its 10-Q. 

The Sunrise Ruby-1The 25.59 ct. Burmese Sunrise Ruby sold for $30.3 million ($1.1 million a carat), doubling the low end of its $12 million to $18 million estimate. The stone set records for a ruby, both in total price and per-carat price; for any non-diamond jewel; and any stone by Cartier. The buyer was not named. 

The blood-red stone was a favorite of Sotheby’s worldwide jewelry chairman David Bennett, who said last month: “I have remained in awe of the Sunrise Ruby since the first moment I set eyes on it. In over 40 years, I cannot recall ever having seen another Burmese ruby of this exceptional size possessing such outstanding color.”

The Sunrise sale significantly tops the ruby record set just six months ago by the 8.62 ct. Graff Ruby, which sold for $8.6 million at Christie’s Geneva in November 2014.

Historic Pink Diamond-1The Historic Pink Diamond, an 8.72 ct. fancy vivid pink, achieved $15.9 million, which fell within its $14 million to $18 million estimate, and also went to an unnamed buyer. The diamond is believed by the Gemological Institute of America to have been part of the outstanding collection of Princess Mathilde of Bonaparte, Napoleon I’s niece. It only recently resurfaced, having been kept in a bank vault since the 1940s.


The other records were set for sapphires and pearls: 

- A pair of very fine Burmese sapphire and diamond ear clips with a combined weight of 32.67 cts. sold for $3.2 million, setting a world record price for a pair of Burmese sapphire earrings.

- A Kashmir sapphire and diamond brooch weighing 30.23 cts. sold for $6.1 million, setting a record for a Kashmir sapphire (the previous record was set in November).

- A rare natural pearl and diamond necklace sold for $7 million, setting a record for a two-row natural pearl necklace.


Jewelers Mutual Insurance Company Expands Coverage

NEW! Expanded Coverage for Personal Jewelry Policies.

Since 1913, Jewelers Mutual Insurance Company has been the company that jewelers trust to protect their jewelry business, and it's with confidence that they mention Jewelers Mutual to their customers for their personal jewelry as well. In addition to worldwide protection against loss, theft, damage and mysterious disappearance, Jewelers Mutual's personal jewelry insurance policy now includes coverage for additional preventive repair to help policyholders avoid a larger, more painful jewelry loss. Expanding the types of damage our policy covers helps bridge the gap between what a typical retailer warranty or service plan may include and what our repair and replacement coverage provides.

Jewelers Mutual's expanded coverage for personal jewelry includes the following six repairs:

  • Prong retipping
  • Repair of broken, worn or bent prongs
  • Clasp replacement
  • Restringing of broken or stretched pearls
  • Stone tightening
  • Repair of broken earring posts

Perfect Circle logo

For insuring your valuable jewelry items, we highly recommend Jewelers Mutual Insurance Company.

For a free, no-obligation quote go to where you can enter our Jeweler Code A00108 and get estimated annual premiums based on the retail replacement value of your items, the deductible for each item, and the location of the person who will wear the jewelry.

Their website is a great resource for:

* Jewelry Evaluations and Appraisals
* Jewelry Cleaning & Care
* Policy Questions
* Insurance Application
* Payment Methods
* Claims Process
* General Information about Jewelry Insurance

Sotheby's 'perfect' 100-carat diamond could fetch $25m -

100 carat D IF Emerald DiamondPaddles at the ready! One of the world's largest flawless diamonds is about to hit the auction block.

On April 21, Sotheby's New York will sell a 100-carat, emerald cut internally flawless diamond, the largest of its clarity and cut ever shown at auction. The auction house expects it to fetch up to $25 million.

"Simply put, it has everything you could ever want from a diamond: the classic shape begs to be worn, while the quality puts it in an asset class of its own," said Lisa Hubbard, Chairman of North and South America for Sotheby's International Jewellery Division, in a press release. 

100 carat D IF Emerald Diamond-2The massive gem will lead the house's Magnificent Jewels auction, culminating a six-city exhibition tour that included stops in Dubai, London and Hong Kong. (Other highlights include colored diamonds, a collection of Kashmir sapphire jewelery and several Art Deco pieces from Cartier.)

"People everywhere have been drawn to it from across the room and they are in awe of its size, particularly when they put it on their hand," says Gary Schuler, the head of Sotheby's jewelery department in New York. "They can't believe there's a diamond this pure of s