News
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There's a Buying Frenzy in Cheap and Tiny Diamonds 
​January , 2022,  By Bloomberg Media

The past three months have shown a sharp reversal as demand surged among U.S. consumers, who buy about half the world’s diamond jewelry, at the same time that the closure of one of the world’s biggest mines is putting pressure on supply. Read full article here

Christie’s Sells Pink Diamond For Record $29ML
May 25, 2021​​

The Sakura ring was the star at Christie’s Hong Kong, setting a world-record auction price for a purple-pink diamond.
​The cushion-cut, 15.81-carat, fancy-vivid, internally flawless stone sold within its estimate for $29.3 million, 
or $1.9 million per carat, at the May 23 Magnificent Jewels auction, Christie’s said. 
The piece, purchased by a private Asian buyer, was also the most valuable jewel sold at auction so far this year. Overall, the Hong Kong sale raked in $76.8 million, the auction house’s highest total for a jewelry auction in four years.

“We are very excited to have marked another important chapter in jewelry-auction history today, with The Sakura realizing a record-breaking price,” said Vickie Sek, chairman of Christie’s Asia Pacific jewelry department. “The strong sell-through rates and exceptional prices achieved for top-quality colored diamonds and gemstones reflect a robust market demand.”

Christie’s jewellery business
​reaches new heights in 2020
January 6, 2021​​

Jewellery auctions held by Christie’s in 2020 reached new levels of growth, buoyed by online initiatives and solid demand for high-quality diamonds and jewellery amid the coronavirus crisis.
 Christie’s sold 48 lots for over US$1 million throughout 2020, with global jewellery sales achieving an overall sell-through of 84%. continue reading...

Christie’s Hong Kong
​auction nets US$51.5m
November 30, 2020

Christie’s Hong Kong Magnificent Jewels Autumn Auction achieved HK$397.08 million (around US$51.5 million) on November 29, reflecting sustained market demand for fine-quality diamond and coloured gemstone jewellery pieces. 
 Top-billing the sale was an emerald and diamond double rivière necklace, which sold for HK$54.25 million (around US$7 million). continue reading...

Sotheby's achieves US$56m
​ at Hong Kong jewellery sale
July 13, 2020

​Fine jewellery auction by Sotheby’s Hong Kong realized a total of HK$437.67 million (US$56.47 million), reflecting robust demand for high-quality jewels and collectors’ items in Asia. 
The sale was led by two rare diamonds – a 5.04-carat Type IIB fancy vivid blue diamond ring, which sold for HK$81.79 million (US$10.55 million); and a 4.49-carat internally flawless fancy vivid pink diamond ring, which fetched HK$63 million (US$8.12 million). continue reading...

LVMH confirms deal to buy Tiffany for $16.2 billion in its largest acquisition ever
November 25, 2019

LVMH confirmed Monday that it would acquire the US jewelry chain Tiffany & Co. for about $16.2 billion.
This is LVMH's most expensive luxury acquisition ever.
 The news comes after several weeks of speculation over whether Tiffany would accept a deal after LVMH first made an offer of $14.5 billion for the retailer.  
​continue reading...
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