Several beautiful watches presented at Antiquorum break record
Beautiful Patek Philippe watches made up the top 4 highest grossing lots at Geneva’s Antiquorum watch show. A 18-karat yellow gold Patek Philippe Ref. 2499 Third Series set an auction world record for highest price paid for that reference at $522,700. Another beautiful timepiece, the Patek Philippe Ref. 5077, set another auction record for a Patek Philippe reference at $226,450. Overall this shows’ sale totaled just over $6 million. The by-lot number was 84% and the by-value number was 122%.
“It is clear from (the) results that the market for rare timepieces in excellent condition remains robust,” stated happily by Julien Schaerer, managing director and auctioneer at Antiquorum Geneva
Is the vast popularity of using recycled gold morally correct?
Recycled gold and silver have been used by many ethical jewelers, heavily in North America, for many years. Using recycled silver may be the way to go as under 10 pounds are available monthly, gold however is a different story. Recycled gold is cheaper than using mined gold and therefore generates more profit. This is great in all but the problem is that jewelers think they are being “Eco Friendly” when in fact, the mining industry will continue to mine gold regardless of this recycling process or not and it does nothing to help these ethical mining communities. The reason that Fairtrade gold is so expensive in the USA is because we have to import it from over seas. This is not only expensive but also inconvenient. We need to have these Fairtrade gold casting houses here in America to level the price and make it convenient for jewelers. This is already starting in England, casting houses are popping up and to do a cast in this ethically correct gold would only be $30 to a wedding ring cost. Fairtrade will be offering gold early this fall in North America because of its’ strong brand name and great reputation among clients. With its’ new program, it will be easy and free for smaller jewelers to sell fairtrade gold. This would benefit thousands of small time miners if we can get this program to become mainstream in North America.
We need to find a way to make Fairtrade/Fairmined gold more popular than recycled gold to make it cheaper for smaller jewelers who would want it.
This lightweight, stylish, and inexpensive jewelry component will keep you looking absolutely gorgeous
A bead doesn’t have to be a pearl or some other semi-precious stone in order to keep you looking stylish. Nowadays, there are many beautiful acrylic beads that you can pick up without burning a hole in your pocket. Another important factor is that they are extremely lightweight, even the larger beads, and the holes come in all sizes for all stringing projects. You don’t have to use them for absolutely everything, although they are a great addition. If you are buying them online, make sure to look closely for imperfections in the picture, there are many crummy ones out on the market as well.
As long as you know about it, your chances of being a jewelry crime victim can be greatly prevented
FBI agent Eric Ives claims that the best way to prevent jewelry crimes towards your business is to remain aware of possible threats. Don’t let the thought take over you, but just simply be aware. Although the overall number of crimes committed towards jewelers has fallen in general, some new tactics have been discovered; putting a GPS system under the car’s of owners and store managers and invading homes. Therefore, if you see a strange car parked outside of your house on certain days of the week following a pattern, then it would be a good idea to contact law enforcement. The popularity of home invasions recently increased among jewelers as it happened before among bankers. Some great tips to protect yourself would to be constantly mindful of your surroundings and keep a log book. Also, take a slightly different route home every now and then to avoid being followed by thieves.
Due to the recent heavy money laundering of the Kimberly Process certificates, tainted diamonds constantly enter the mainstream sale. This can fund terrorist and other illegal activities as diamonds are small items holding very large values. Mokhtar Belmokhtar, an Al-Qaeda terrorist, has been known to launder money through these precious stones. Agent Ives further mentions that the amount of law enforcement directed towards the Jewelry business is going to be greater now than ever before in order to regulate money laundering and buying diamonds second hand.
Christie’s Auction blows Sotheby’s Auction out of the water by setting a new world record
Sotheby’s Geneva Show brought in a whopping $141 million dollars from there auction setting the world record for most money made during a jewelry auction. Overnight, Christie’s Magnificent Jewels sale on May 14 blew this number out of the water by bringing in an out-of-this-world $154 million. The main attraction at this spectacular show was a 13.22 ct. flawless, pear-shaped blue diamond that drew in $24.2 million. The Stone came with a special letter from the Gemology Institute of America stating that is was the largest fancy, blue diamond that the lab has ever laid eyes on. Jewelry specialist Jean-Marc Lunel described the rock as “almost a dream” due to its heavenly clarity and purity. Harry Winston, a Swatch group-owned retailer, purchased this diamond at the show and renamed it “Winston Blue.” This is a great addition to the collection along with the 101.73 ct. “Winston Legacy,” a D flawless stone that the Swatch-group retailer purchased at last years show for $27 million. The sale for this fancy blue diamond scored another record for the show while selling the stone at $1,799,953 a carat, which is the largest amount ever for a blue diamond. The overall price however falls just below the price paid for the blue diamond at Wittelsbach in 2011, 35.56 ct. for $24.3 million. Other extravagant stones at Christie’s auction brought in $21.93 million.
Jaeger-LeCoultre Comes to TimeCrafters Boasting it’s amazing new collection
Jaeger-LeCoultre will be showing off its new Hybrid Artistica collection at TimeCrafters, a show boasting luxury watches, May 15-18. The collection was first introduced in Geneva at the SIHH show, now it is at TimeCrafters for there New York premier, next the Shanghai Int’l Film festival, then London for the Masterpiece Fair, and finally Hong Kong for the Watches and Wonders show. This unique new collection boasts 12 exquisite, exceptional timepieces featuring exclusive watch craftsmanship combined with outstanding artistic ideas. The company stated, “Each of the 12 models in the Hybris Artistica collection represents an unprecedented blend of design, technical construction, watchmaking art, and exquisite craftsmanship to achieve the point of equilibrium that dramatically expresses [Jaeger-LeCoultre’s] mastery and style.”
Pictured: The Master Gyrotourbillon I, one of the fine timepieces in this extravagant collections
What is in deed a perfect Diamond??
In order to find the perfect diamond for you, you must consider the 4 c’s: clarity, cut, color, and carat weight. The more you educate yourself about these, the more satisfied with your final product you will be. The perfect diamond would be an IF(Internally flawless) diamond and would have absolutely no color(D-grade colorless). These stones have no visible imperfections and are completely see-through. They are the most perfect, cleanest diamonds. Obviously stones of this nature demand a hefty premium, up to 40% for the same size stone a grade below. This brings up the next question, how far below from perfect are you thinking about going? The Diamond grading scale invented by the Gemological Institute of America, groups[D,E,F] together as colorless, [G,H,I,J] are near-colorless. With the obvious difference in color between D-J, a J grade stone will have a whitish tint to it. The color is graded face-down from one of the sides where the color is more visible and quite frankly it is immensely difficult to tell color flaws between stones with a difference of 1-2 grades. When it comes to clarity, IF(Internally Flawless), VVS(Very Very slightly included), VS(Very slightly included), SI(slightly included). These stones have imperfections that cannot be noticed by the human eye, therefore in some cases, a VS1 diamond could seem as clear as an IF diamond, but not always. The best thing to do is be practical, because of the small differences between grades, it is best to buy a diamond that fits your budget and with overall beauty that appeals you. Just make sure that you receive a GIA certificate and that your diamond is graded correctly and the value not exaggerated.
Arkansas houses a little hole in the ground with big treasurers… which you can keep.
The “Crater of Diamonds” park in Arkansas is a 37.5 acre stretch of land that attracts masses of tourists every year looking to take home a piece of the parks diamond treasurers. This park is the only diamond area in the USA which is open to the public and is the 8th largest diamond deposit in the world. David Anderson, who moved near the park because he saw a documentary about it on the Discovery channel, decided that this was the proper move for him so that he could heavily increase his chances of finding a diamond. He was correct, he has dug up more than 400 diamonds in the park along with his latest and greatest find, “The limitless diamond.” A 6.19 ct white diamond that Anderson uncovered after coming to the park right after heavy rainfall. This is the 15th largest diamond that has been uncovered at the park since 1972. Since a farmer named John Huddleston discovered this park in 1906, this has been a premier location for people looking for treasurers. Besides white diamonds, brown an yellow diamonds, quartz, amethyst, jasper, garnet, and hematite have all turned up at the park. If your feeling like a treasure hunter!! This is the place for you!
Thinking about buying gold? This tip will save you money and get you on the right track!!
The main factor to consider while buying gold is how many karats(stamped on the piece as ‘k’ or’kt’) the gold jewelry you are buying is. Gold usually comes in 10,14,18 and 24 karat gold. 24 kt being the purest, most expensive and shiny but simultaneously the most malleable. My recommendation would be to buy 18 kt gold. 18 kt gold is the perfect mix between pure gold and other alloys to help keep it strong and prevent malleability. The lower the karat, the less gold and more metal is mixed in(ex. 12 kt gold is 50% gold and 50% other metals). 18 kt is perfect for jewelry such as wedding rings and earrings due to its high gold content which will prevent allergies for almost all, and the bolts and hooks will not come loose because the alloys in place will help them stay. 18kt gold will be easier on your pocket and on your rings and timepieces. When you see the ’18k’ or ‘750’ stamp on a piece of jewelry you know you are on the right path!! Shopping for gold and diamond jewelry can get exhausting, but with the above information, success in your purchase will be yours!!
Sotheby’s sells a rare brilliant, beautiful stone for $16 million
Sotheby’s broke there own record this year compared to there 2011 Geneva show by selling there brilliant 100.9 carat daffodil-yellow diamond ring for $16 million dollars. This beautiful piece, called “Graff vivid yellow” brought in more money more than the 110 ct. “Sun drop” yellow diamond which brought in $12.3 million dollars at there 2011 show. David Bennett, chairman of Sotheby’s Switzerland and the jewelry department for Europe and the middle east, claims that its immense size and outstanding color gave the Graff vivid yellow it’s hefty price tag. This yellow stone also set the record bringing in $141 million for the auction, a record for any jewelry auction as of today. Other magnificent stones sold at the show include a internally flawless d 25.32 ct. diamond priced at $5.5 million and a marvelous 12.07 ct. pink diamond ring let go for $6.04 million.