Sotheby’s Scores over $6M at Hong Kong Jewelry Auction

A sapphire and diamond ring took the top spot at a recent jewelry sale at Sotheby’s in Hong Kong, smashing its high estimate.

The piece, which contains a cushion-shaped, 17.50-carat, royal-blue Burmese sapphire surrounded by marquise-cut diamonds, sold for HKD 2.8 million ($357,226), the auction house said last week. That figure was well above its upper presale price.

In total, the January 31 Important Jewels auction brought in HKD 48.9 million ($6.3 million).

Yellow diamonds performed well at the sale, as did jewels by well-known design houses, including Graff, Cartier, Buccellati, and Van Cleef & Arpels. Sotheby’s also sold several diamonds and both green and lavender jadeite pieces with no reserve.

Here are the other four items rounding out the top five:

This cushion-shaped, 14.51-carat, fancy-intense-yellow, VS1-clarity diamond ring by Bulgari went for HKD 2.5 million ($324,751), within its presale estimate.

A ring set with an oval-shaped, 7.02-carat, Mozambican ruby center stone, surrounded by oval and pear-shaped diamonds, fetched HKD 2.5 million, just under its HKD 2.6 million ($332,422) upper price.
Sotheby’s sold this Graff bracelet, featuring nine cut-cornered square or rectangular-modified, fancy-intense-yellow diamonds ranging from 1.62 to 5.21 carats and 18 yellow-tinted diamonds for HKD 2.4 million ($308,513), within its estimate.
A pair of earrings, each suspending an oval ruby — one weighing 4.26 carats and the other 4.09 carats —and brilliant-cut diamonds, garnered HKD 1.9 million ($243,563) at the sale, within its presale price range.

Source: Rapaport

Graff celebrates yellow diamonds

In celebration of Haute Couture Week, Graff is exhibiting a collection of yellow diamonds at its flagship Paris boutique to complement the unveiling of its new high jewellery necklace

Launched yesterday (4 July 2023), visitors to Sunrise: A Celebration of Graff Yellow Diamonds will discover a world of rarity and lustre through a stunning showcase of high jewellery pieces featuring rare yellow diamonds, accompanied by displays detailing Graff’s storied history with these incomparable stones.

The House’s latest high jewellery creation features an extremely rare 30ct fancy intense yellow pear shape diamond, accompanied by a further 138ct of yellow and white diamonds.

Every element of the piece has been created using the stone-led design techniques for which the Graff atelier is renowned and has been crafted to emphasise the elegant silhouette of the centre stone.

Graff design director, Anne-Eva Geffroy explained: “Before we design, we study each diamond carefully to uncover the secrets that lie within its depths.

“Only then do we design, and when we do, we work to accentuate the natural beauty of each stone.

“The fancy intense yellow diamond set into this piece gives a golden sunshine glow.

“Yellow diamonds bring so much joy.

“It is an honour to be inspired by stones that radiate such beauty.

“The yellow diamonds we work with are exceptional in quality, cut, and quantity.

“Very few jewellers have the luxury of such a wide range of colour.”

In vibrant halos of yellow and white diamonds, stones radiate outwards from the central fancy intense yellow diamond to replicate the rays of the sun.

A perfect synthesis of diamond design and hand-craftsmanship, each bespoke setting has been meticulously assembled by master artisans within the House’s London workshop.

CEO of Graff, Francois Graff added: “Celebrating Graff’s legacy of innovation and leadership in presenting the highest quality rare diamonds, this will be the most significant collection of yellow diamonds that have ever been brought together in one place, including a fancy intense yellow stone of incomparable beauty.

“These are truly jewels that represent the very best of Graff.”

Further pieces on display in the showcase at the flagship Paris boutique include unique high jewellery necklaces, Tribal-inspired jewels, earrings, and single-stone rings that unmistakably express Graff’s design DNA through the combination of superb stones with bold designs and unparalleled craftsmanship.

An impressive roster of important and famous yellow diamonds have passed through the House over the course of its history, beginning with the Star of Bombay in 1974.

The Star of Bombay is an historical yellow stone that was re-cut and polished by Graff using revolutionary expertise and new techniques.

Since then, Graff has introduced many famous and historical yellow diamonds over the years, including the 118.08ct Delaire Sunrise and the 132.55ct honey-hued Golden Empress.

Sunrise: A Celebration of Graff Yellow Diamonds is currently exhibiting at Graff Rue Saint-Honoré throughout Haute Couture Week in Paris.

Source: professionaljeweller

41ct. Diamond Could Fetch Up to $5M at Christie’s

41.36-carat Graff diamond ring
The 41.36-carat Graff diamond ring

Christie’s will offer a 41.36-carat Graff diamond ring at its upcoming Geneva auction, predicting it could sell for up to CHF 5 million ($5 million).

The square emerald-cut, D-color, VVS1-clarity diamond, which is potentially internally flawless, is one of the top items set to go under the hammer at the November 8 Magnificent Jewels auction, Christie’s said last week.

Several other diamonds will also take center stage, including an unmounted modified shield brilliant-cut, 101.27-carat, F-color, VVS1-clarity diamond. That stone carries a high estimate of CHF 3.5 million ($3.5 million). A pair of Art Deco modified pear brilliant-cut diamond earrings by designer Henri Picq will also be up for sale. The set, featuring one 15.39-carat, D-color, VS1-clarity diamond and one 14.85-carat, D-color, VS2-clarity stone, has an upper price tag of CHF 2.5 million ($2.5 million).

Other notable items include a cushion brilliant-cut, 20.08-carat, F-color, flawless diamond ring, estimated at up to CHF 1.5 million ($1.5 million). A pear brilliant-cut, 14.19-carat, D-color, internally flawless diamond ring has a high price of CHF 1.2 million ($1.2 million).

Those stones will join the Fortune Pink, a pear-shaped, 18.18-carat, fancy-vivid-pink diamond. The gem, which Christie’s claims is the largest of its cut and color to be offered at auction, is expected to bring in up to CHF 35 million ($35.1 million). The sale will also showcase royal jewels from the Bourbon Parma family and from the Thurn and Taxis family.


Graff Unveils 50-Carat D Flawless Diamond At Palm Beach Boutique

Graffs 50 Carat D Flawless Oval Cut Diamond

A 50.08 carat D Flawless oval diamond is the centerpiece of an exhibition of gems and high jewelry by Graff, which opens today at Graff’s Palm Beach boutique.

Graff, in a statement, says it is the largest D Flawless diamond in 20 years to be unveiled by the high jewelry brand. It is available for view by appointment. It serves as the major attraction of a high jewelry exhibition titled, “Graffabulous,” that includes a number of high jewelry creations by Graff showcasing high quality diamonds, emeralds, rubies and sapphires.

The unnamed 50.08 carat D Flawless diamond hails from a mine in Lesotho, a landlocked kingdom encircled by South Africa. The gem measures more than 30 x 20mm with exceptional brilliance and fire, according to Graff. Graded by the GIA as having excellent polish and symmetry, its remarkable size, combined with perfect color and clarity, it is among the line of important diamonds that Graff has acquired over the decades.

Elevating the occasion even further, the new owner of this historic diamond will be given the opportunity to name it before the stone is added to Graff’s timeline of famous gems.

The oval cut is an exquisite shape that combines the renowned radiance of a round brilliant cut diamond with a curved, elongated silhouette. The proportions of an oval cut are key to its beauty, with the 50.08 carat D Flawless oval diamond displaying the most sought after combination of an excellent cut, with a perfectly symmetrical silhouette and a length-to-width balance, the company says.

The Graffabulous exhibition consists of pieces from Graff’s 2022 high jewelry collection and advertising campaign of the same name. It comprises 80 pieces of one of a kind high jewelry with more than 3,600 carats of diamonds, emeralds, rubies and sapphires. Necklaces and rings feature prominently in the collection.

Source: Anthony DeMarco Forbes

Graff Unveils New High-Jewelry Collection: Tribal

Graff's new Tribal high-jewelry collection features a stunning emerald suite

Graff is known for its exquisite diamonds. The London-based jewelry house has acquired many notable diamond acquisitions, some that set world records. As a vertically integrated jeweler, the house cuts, polishes, and sets these incredible diamonds in-house, allowing it to control every facet of these stunning diamonds. 

Graff is known for its incredible diamonds
Graff is known for its incredible diamonds GRAFF

To coincide with the spring equinox, Graff unveiled Tribal, its newest high-jewelry collection. The collection focuses on white and yellow diamonds, with one exceptional emerald suite, in three sculptural motifs. The collection is inspired by the stories that our ancestors would tell themselves to explain the world around them and the heavens above, so these motifs focus on the sky, sun, and stars — a language understood around the world. 

Francois Graff, CEO of Graff, tells Forbes, “Tribal is a fabulous collection, inspired by the magical folktale of the girl who created the stars. For me, the iconic, timeless symbols that unite the collection evoke a deep feeling of being connected to the world around us on a universal level. Tribal raises the bar in high jewelry and pushes the boundaries of creativity, craftsmanship, and exceptional stones for which we are known.”

The Graff Gateway pieces feature abstract ovals
The Graff Gateway pieces feature abstract ovals GRAFF

Graff Graff Gateway features striking, architectural designs. These pieces feature abstract ovals with pear-cut or round diamonds within. They evoke swirling galaxies with a brilliant diamond star at the heart. For a more delicate, almost lace-inspired look, the Graff Gateway choker and cuff bracelets alternate rows of round diamonds and diamonds with a more subtle oval motif. 

The Sun Worship necklace features 374 white and yellow diamonds with a 10.56-carat pear-shaped Fancy Vivid Yellow diamond in the center.
The Sun Worship necklace features 374 white and yellow diamonds with a 10.56-carat pear-shaped Fancy … [+] GRAFF

The powerful New Dawn collection is inspired by the sun’s rays as it rises above the horizon. These pieces feature sunburst motifs set in white or yellow diamonds. Some diamond rays spiral from a significant central stone, while other pieces focus on geometric compositions. The Sun Worship necklace features 374 white and yellow diamonds with a 10.56-carat pear-shaped Fancy Vivid Yellow diamond in the center. 

Sara Sampaio wears the Night Moon pieces
Sara Sampaio wears the Night Moon pieces MIKAEL JANSSON FOR GRAFF

Finally, the Night Moon collection features glittering diamonds reminiscent of starry night skies. These pieces feature pavé diamond half-moons in striking geometric motifs inspired by elemental shapes found in nature. 

The collection launched with a gorgeous campaign shot on location in the Atlantis Dune in South Africa. Mikael Jansson shot Portuguese supermodel Sara Sampaio in these remote dunes alongside custom-made blacked steel sculptures inspired by the motifs in the Tribal jewelry collection.

Source: Kristen Shirley Forbes

Graff Unit Signs Polishing Deal with Lucapa

The 8.88-carat pear-shaped polished diamond from Mothae.

Graff-owned diamond manufacturer Safdico will cut and polish a portion of rough from the Lulo mine through a partnership with Lucapa Diamond Company.

Safdico will have the rights to buy up to 60% of Lulo’s annual rough production under the terms of Angola’s new reform program, which went into effect last year. The new guidelines open sales to a wider range of buyers of the miner’s choosing, rather than forcing producers to sell to a list of clients approved by state-owned diamond company Sodiam.

All diamonds Safdico purchases from Lucapa will be placed into the joint partnership, the miner said Wednesday. Once polished, procurement and manufacturing costs will be deducted, with any profit from the sale of the polished diamond to be split equally between Lucapa and Safdico.

Safdico has already purchased 4,900 carats of rough from Lucapa through the partnership. Profits from the sale of the first batch of polished will be realized in the first quarter, Lucapa noted.

Lucapa, which operates the mine in Angola, first announced its intention to polish its own diamonds in February 2019 in an effort to maximize shareholder value by cutting out third-party manufacturers. Earlier this month, the company also debuted its first polished stones from the Mothae mine in Lesotho. Those included six D-color diamonds from a 36-carat rough, the largest of which was a pear-shaped, 8.88-carat, flawless stone.

Lucapa also plans to expand its total group production to more than 60,000 carats in 2020, it said.

“This production increase, coupled with the new revenue streams generated from the cutting and polishing agreement with Safdico, will enable [the company] to generate higher returns for its partners,” Lucapa explained.


Graff unveils new ring crafted from 13.33ct Lesotho Pink diamond

Graff Lesotho Pink 5.63 cts

Luxury house Graff has unveiled a new ring with a centre stone crafted from the 13.33 carat Lesotho Pink diamond.

The end result of is a 5.63 carat ‘fancy vivid purplish pink’ pear shape diamond flanked by two ‘fancy intense pink’ pear shaped diamond shoulder stones and embraced by a minimal rose gold setting.

The firm claims that its expert gemmologists and master craftsmen spent many months analysing the complexities of the diamond before devising “how best to capture the extraordinary beauty of its unusually vibrant pink hue”.

The rough stone had been discovered at the Letseng mine in Lesotho in February, with Laurence Graff purchasing it for $8.75 million.

This was a record for the purchase of any Letseng diamond in terms of dollar per carat.

The firm shares: “The world’s already extremely limited resources of pink diamonds are quickly depleting, as the mines where these rarities are discovered gradually become extinct.

“They are highly sought after by those who want to enter the rarefied and exclusive group of connoisseurs who appreciate these precious pink stones for their sublime beauty.

“Graff searches timelessly for the very best examples displaying the most vivid and vibrant colour, identifying once in a lifetime discoveries and creating jewels that showcase their remarkable hues.”

Source: professionaljeweller

Gem Diamonds Unearths 161ct. Rough

Gem Diamonds 161 Carat Rough Diamond

Gem Diamonds has recovered a 161 carat rough stone, the first over 100 carats it has reported this year.

It found the high quality, white, type IIa diamond on March 21 at its Letšeng mine in Lesotho, the company said Friday.

Last year, Gem Diamonds found 15 stones weighing more than 100 carats, a record for the company. That haul included the 910 carat Lesotho Legend, which sold for $40 million.

In February, the miner also found a 13.33 carat pink diamond, which it sold to Graff for $8.8 million, or $656,933 per carat.

Image: The 161 carat diamond Gem Diamonds


Graff Hong Kong to Display Lesedi Polished

Graff store hong kong

Graff will present a selection of flawless polished stones from the 1,109-carat Lesedi La Rona at its new Hong Kong boutique.

"Lesedi la Rona" Diamond To Be Auctioned At Sotheby's London
“Lesedi la Rona” Diamond To Be Auctioned At Sotheby’s London

Graff purchased the D-color diamond — the second-largest rough in history — from Lucara Diamond Corp. for $53 million in September 2017. The luxury jeweler has since cut about 30 polished diamonds from the original stone, and will display them in Asia for the first time, it said last week.

Graff recently opened its new flagship store in the St. George’s Building on Chater Road, close to the luxury jeweler’s previous location. The 2,800-square-foot boutique, which Graff created together with luxury architect Peter Marino, will also have a dedicated watch area, bridal-hall houses featuring wedding jewelry, and three VIP rooms containing high jewelry.

The luxuriously designed space will include a private event hall for special celebrations and memorable moments, Graff added.

Image: The new Graff boutique, Hong Kong. (Graff Diamonds)

Peace Diamond Sells For $6.5 million at auction

709 Carat Peace Diamond

Named the Peace Diamond the 709 carat rough diamond is the 14th largest ever recovered.

The rough diamond has sold for  $6.5 million at an auction in New York, with all proceeds going to the impoverished Sierra Leone diggers who discovered it.

Sierra Leone will now be watched closely to make sure they see the social benefits from the sale of the diamond as the government promised.

The buyer of the Rough Diamond is Laurence Graff. One of the world’s top jewellers and founder of Graff Diamonds.