Christie’s Holds 2 Sales Despite Cyberattack

Geneva Christie’s went ahead with two of its Geneva auctions, one for jewelry and one for watches, despite the fact that its website has been down since late last week following a cyberattack.

“The Yellow Rose” diamond, pictured above, was the top lot in its “Magnificent Jewels” sale in Geneva.

The 202 ct. Yellow Rose diamond sold for $6.7 million at Christie’s Magnificent Jewels sale in Geneva on Wednesday.

On Tuesday, a smaller but historically significant yellow diamond the 101.29 ct. fancy vivid Allnatt was pulled from Sotheby’s Magnificent Jewels auction at the last minute, despite carrying a $6.1 million to $7 million estimate.

101-ct Allnatt Yellow Diamond Could Fetch $7.2m

The 101.29-carat Allnatt diamond, described as one of the world’s most significant fancy vivid yellow stones, is to be auctioned at Sotheby’s Geneva, with an estimate of $6.2m to $7.2m.

The Type 1a gem, from South Africa, was named after the British racehorse owner and art collector Major Alfred Ernest Allnatt, who bought in in the 1950s. He had it mounted in a brooch by Cartier.

The Allnatt forms the heart of a flowerhead composed of openwork, brilliant-cut diamond-set petals enhanced with baguette diamonds.

It was last offered at auction in Geneva in May 1996 – as the ‘Property of a Lady’ – and sold for just over $3m. At the time it weighed 102.07 carats and was graded fancy intense yellow by the GIA.

It was subsequently repolished to its current 101.29 carats, which bought the color up to fancy vivid yellow.

The Allnatt diamond leads the Magnificent Jewels and Noble Jewels sale on May 14.

Source: IDEX

Arkansas man unearths 4.49-carat gem at Crater of Diamonds

Arkansas-man-unearths-449-carat-gem-at-Crater-of-Diamonds

Steven McCool of Fayetteville, Ark., found a 4.49 carat sparkling, canary yellow diamond during his recent trip to Crater of Diamonds State Park. The discovery was the third largest diamond found at the park so far this year. Photo courtesy of Arkansas State Parks

An Arkansas man visited the state’s Crater of Diamonds State Park and discovered a 4.49 carat sparkling, canary yellow diamond the third largest diamond found in the park this year.

Steven McCool, of Fayetteville, said he had decided to spend the day at the park since recent rains had made for optimal diamond hunting conditions, and he was on his 11th sifting bucket of the day when he spotted something just 30 minutes before the park closed.

“As my eyes were panning to it, I was thinking it could be an amber piece of glass like an old Coke bottle,” McCool said. “Once I focused on it though, I knew it was a diamond. I was like ‘No way! No way!'”

McCool took his discovery to the diamond identification table, where his suspicions were proved correct.

“Mr. McCool’s find is a 4.49 carat sparkling, canary yellow diamond that is about the size of a jellybean and seems to have great clarity. It is a stunning diamond,” Crater of Diamonds State Park Assistant Superintendent Meghan Moore said.

Officials said it was the third largest discovery so far this year.

McCool dubbed his discovery the BamMam Diamond, in honor of his children’s initials.

“What’s more precious than a precious gem? My children. So, I named it after my children and the name will stay with the diamond forever,” he said.

“I called my son afterward and asked him if he remembered what Thanos’ Mind Stone looked like, and told him I found one!”

Source: upi.com