Optimistic mood in early Spring worldwide diamond market. Oval cuts remain hot. Chinese dealers buying stock ahead of potential yuan devaluation that may raise local prices if China-US trade war emerges.
NYCWD Worldwide Diamond Market Update
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Sotheby’s Sells 100-Carat Round for Record Per-Carat Price 
London–Two months after the Sotheby’s Diamonds retail boutique in London unveiled a 102.34-carat round diamond, it has found a buyer for the stone.
The Type IIa GIA-graded diamond is the largest round, D color, flawless diamond on record, and the only round brilliant over 100 carats with perfect color and clarity, according to the auction house.
De Beers mined the rough for this diamond, which weighed 425 carats, in Botswana about two years ago. Diacore cut and polished the stone in Johannesburg and New York over a period of six months.
Sotheby’s would not reveal the identity of the buyer or the total price paid, only noting that the final price per carat “far exceeds” that for any colorless diamond sold at auction. The current price-per-carat auction record for a white diamond is $260,252, set at Sotheby’s in Hong Kong in 2013.
When Sotheby’s unveiled the diamond in February, it told National Jeweler that not only would it beat the price-per-carat record, but it also would top the highest price paid for any diamond jewelry at auction, which stands at $33.7 million for De Grisogono’s “The Art of De Grisogono, Creation I,” auctioned at Christie’s last November.
The auction house did not respond by press time when asked if the diamond had achieved the latter.
Patti Wong, founder and chairman of Sotheby’s Diamonds, said, “When the new custodian of this stone first beheld it, they were, like everyone else who has seen it, completely captivated. It is hard to believe that something so ancient … can be so alive, so full of fire and blinding brilliance. A rarity in the mythical world of 100-carat stones, this diamond is a wonder of nature and of man’s ability to shape nature’s creations into an object of ultimate beauty.”
By Brecken Branstrator, National Jeweler
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Congratulations to this wonderful couple and their beautiful San Francisco engagement!
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Farnese Blue Diamond Could Sell for up to £5m
Indian gem that passed down through European royalty goes on sale for first time
A blue diamond that was secretly passed down through European royalty over three centuries is to go on sale for the first time.
The Farnese Blue, a 6.16-carat, pear-shaped, dark grey-blue gem said to be one of the most important historical diamonds left in private hands, is expected to fetch between £3.5m and £5m at auction in Switzerland.
It originated in the Golconda diamond mines of India and was given to Elisabeth Farnese in 1715 to mark her marriage to King Philip V of Spain.
The wedding took place after the war of the Spanish succession, which left Spain’s finances gravely depleted. The government ordered Spain’s colonies from Mexico to the East Indies to send wedding gifts.
A year later, in August 1715, a “Golden Fleet” set sail from Cuba to Spain, comprising 12 ships carrying a fortune in gold bullion and a casket of enormous emeralds. After 10 days’ sailing, a hurricane destroyed most of the fleet off Florida, with only one ship escaping.
The story goes that the emeralds were lost in one of the sunken ships, but one diamond found its way to Spain. That gem was gifted to the new Spanish queen by the governor general of the Philippine Islands.
Over the next 300 years, as Elisabeth’s and Philip’s descendants married into Europe’s most important dynasties, the Farnese Blue passed down through royal families in Spain, France, Italy and Austria, travelling across the continent in a royal casket.
Its existence is said to have been secret from all except close relatives and the family jewellers. At one time it was mounted on a diadem alongside diamonds thought to have belonged to Marie-Antoinette.
Now it is being sold by one of Elisabeth’s descendants, and will be auctioned in Geneva on 15 May at Sotheby’s.
David Bennett, the chairman of international jewellery at the auctioneers, said: “This stone has witnessed 300 year of European history, and in colour is reminiscent of historic Golconda blue gems such as the Hope diamond.”
Philipp Herzog von Württemberg, the chairman of Sotheby’s Europe, said: “With its incredible pedigree, the Farnese Blue ranks among the most important historic diamonds in the world.”
Special thank you to author Caroline Davies for The Guardian
GIA and FIT trained, Keith has been a trusted high end diamond jewelry specialist for 30 years. He is the founder and president of NYC Wholesale Diamonds Inc. located at 47 West 47th Street Suite 3A in the New York City Diamond District. His website iswww.NYCWD.com and he authors a blog www.NYCDiamondBlog.com. Keith has been named to The Diamond Council of America, is a member of the Jewelers Board of Trade, and Jewelers of America. He offers GIA Certified Ideal Cut Diamonds, state of the art Engagement Rings, and fine jewelry designs at low wholesale prices. Keith has been named the N.Y. Diamond District’s Favorite Jeweler by the N.Y. Post’s Savvy Shopper column, had his diamond education articles published, been recommended in the New York Times, national gift reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’, as well as having his Diamond Halo Engagement Ring design featured on ‘The Knot’
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Thank you, Adam, for your review of NYC Wholesale Diamonds!
Thank you, Adam, for taking the time to leave us your kind review. We wish you both a lifetime of happiness!
“Working with Keith was a pleasure and a delight. I visited him once in his office and then on the phone (and email) from across the country. We designed the ring and he helped me in all aspects of the decision and purchase. 100% satisfied.”
– Adam
GIA and FIT trained, Keith has been a trusted high end diamond jewelry specialist for 30 years. He is the founder and president of NYC Wholesale Diamonds Inc. located at 47 West 47th Street Suite 3A in the New York City Diamond District. His website is www.NYCWD.com and he authors a blog www.NYCDiamondBlog.com. Keith has been named to The Diamond Council of America, is a member of the Jewelers Board of Trade, and Jewelers of America. He offers GIA Certified Ideal Cut Diamonds, state of the art Engagement Rings, and fine jewelry designs at low wholesale prices. Keith has been named the N.Y. Diamond District’s Favorite Jeweler by the N.Y. Post’s Savvy Shopper column, had his diamond education articles published, been recommended in the New York Times, national gift reporter Robyn Spizman’s ‘Perfect Present Guide’ and ‘The GIFTionary’, as well as having his Diamond Halo Engagement Ring design featured on ‘The Knot’
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