AZGem Gems

May 2015

 

gem stone and jewelry newslettergem stone and jewelry newsletter

 


The World's Most Useful
Gem & Jewelry Monthly Newsletter

Written by Carolyn Doyle for customers of
The Dorado Company

and other visitors to the azgem.com website who subscribe.

 

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Usable Gems... and a little opinion.

  

Colored Gemstone Prices Soar at Bonhams

 

colored gemstone prices soar at bonhams

 

Colored gemstones reigned supreme at Bonhams Fine Jewelry sale last week. That is the essence of news reports capsulizing the results of last week;s auction of important jewelry pieces at Bonhams London Auction House.

I like to pass along these reports that relate to colored gemstones for several reasons:

    Readers of the AZGem Gems newsletter are interested in colored gems.
    Rising price trends of important colored gemstone jewelry translates into higher value of quality colored gemstone jewelry owned by our readers.
    I can share many colorful photos of gems and jewelry.

Bonhams reports on the success of this important auction with typical British reserve...

 

 

colored gemstone prices soar at bonhams

 

Colored gemstone prices soar at Bonhams London first Fine Jewelry sale of 2015

Period jewelry by Chanel hotly contested with buyers bidding around the world

 

Rubies, sapphires and emeralds are this year's must-have gems according to Bonhams and its first London sale of 2015 demonstrated the huge appetite for colored stones with fierce bidding taking place in the saleroom, on the telephone and online from buyers across the globe.

 

 

colored gemstone prices soar

 

Bonhams sells more jewelry lots each year than any other international house and has more dedicated jewelry auctions annually. It has tracked a significant increase in the price per carat achieved for colored gemstones in its auctions over the last decade and has proclaimed 2015 as the year of the colored gemstone.

The Fine Jewelry sale achieved £4.34 million, with 83% sold by value and 128 lots going to new owners.

 

 

colored gemstone prices soar

 

Highlights of the sale included:

A 21.27 carats sugarloaf cabochon Kashmir sapphire and diamond ring with a pre-sale estimate of £50,000 to £80,000 sold for £290,500, more than three times its estimate.
A 17.97 carats Burmese sapphire and diamond ring also sold for three times its pre-sale estimate of £40,000 to £60,000, achieving a final selling price of £182,500.
A diamond pear-shaped single-stone ring by Harry Winston. Weighing 9.05 carats, the diamond is D color, VS1 clarity, and after a strong bidding war in Bonhams New Bond Street sales room and on the telephones, it sold for £350,5000 to a US bidder.
A 7.10 carats fancy-coloured pear-shaped diamond single-stone ring was the subject of a bidding war between two telephone bidders. The Fancy Light Pinkish Brown, natural color ring sold for more than five times its pre-sale estimate of £15,000-£20,000 and achieved a final price of £117,700.
A 4.54 carats Burmese ruby single-stone ring with a pre-sale estimate of £25,000-£35,000 sold for £134,500. Another Ruby three-stone ring achieved more than seven times its pre-sale estimate of £8,000 to £12,000 with a final hammer price of £76,900.
An emerald and diamond dress ring, circa 1950, sold to an online bidder for £68,500 against a pre-sale estimate of £15,000-£18,000. The emerald is of Colombian origin and weighs 3.25 carats.
A pair of sapphire and diamond earpendants, circa 1950, sold for £92,500 against a pre-sale estimate of £30,000-£40,000. Each earpendant is set with a cushion-shaped sapphire, weighing 10.50 and 9.50 carats. The sapphires are of Sri Lankan origin, with no indication of heating.

 

colored gemstones at bonhams

 

colored gemstones at bonhams

 

Another star performer at the auction was an exceptionally rare retro citrine-set twist necklace by Chanel (circa 1954-71). The signed piece was hotly contested with buyers from the UK, Europe and the US fighting it out in the sale room, online and on the telephone. The highly desirable collectors' piece outstripped its pre-sale estimate by more than ten times selling for £68,500 to Hancocks, London, the well-established jeweler that specializes in rare and collectible jewels.

 

fine gemstones at bonhams

 

fine gemstones at bonhams

 

Jewellery from the 1970s by Andrew Grima continues to be very much in demand by collectors and private buyers. Two pieces by Andrew Grima featured in the auction. A gold and diamond-set 'super shell' necklace sold for £15,000 and an 18 carat gold, wood opal and diamond pendant and ring (circa 1972/73) sold for £8,750.

Jean Ghika, Bonhams Head of Jewelry for UK and Europe, says: "We achieved outstanding results across the board which underlines the buoyancy of the market.

"The sale performed exceptionally well and generated strong interest from buyers in the UK, Europe, the US and Asia. I was particularly delighted to see many of our colored gemstones sell so well, some by up to 10 times their pre-sale estimate, which is an excellent indication of how strong the market is.

"The sale also reinforced the enduring appeal and strong demand for good quality, signed pieces of jewelry such as the Chanel necklace which sold for more than ten times its pre-sale estimate."

Bonhams is now expecting the strong market to be reflected during its next two Fine Jewelry sales in Hong Kong on 3 June and New York on 22 June.

 

Colored gemstone prices soar at Bonhams - the very wealthy seem enthusiastic about quality jewelry pieces in general, and colored gems in particular. This trend will help your quality jewelry and estate pieces increase in value.

 

harry winston diamond

 

Colored gemstone prices soar at Bonhams was the big news emanating from this auction but some important diamond jewelry pieces were also part of the sale.

 

bonhams gemstone jewelry auction

 

gem newsletters

 

Photo Information

 

Top - Enthusiastic Bonhams auctioneer

Next - Sapphire and diamond ring

Next - "Sugarloaf" cabochon sapphire and diamond ring

Next - Emerald and diamond dress ring

Next - Sapphire and diamond ear pendants

Next - Citrine and gold "twist" necklace

Next - Ruby and diamond ring

Next -  Gold and diamond "super shell" necklace

Next - White diamond ring by Harry Winston

Next - A different sapphire and diamond ring

Next: - Gem special offer - Chrome diopside, an affordable fine emerald substitute

Next - Industry News - Elizabeth Taylorís Taj Mahal Diamond necklace

Next - Dealer Product Image - Amethyst Ring in Sterling Silver

Last - Dealer Program Image - Pink Spinel and Sterling Silver Earrings

 

 

$1.99/Mo. for 12 months of Economy Hosting at GoDaddy.com

 

A Google search for links or images using keywords such as bonhams or Christie's can return some very interesting information and websites.

 

Google

 

Gem Offer

 

chrome diopside emerald green color

 

Here is this month's special gem deal. 

 

Gem:     Chrome Diopside... the natural emerald green gem substitute for the May birthstone

Color:     Emerald green

Quality:     Gem quality, and no visible inclusions. Our cutter in Thailand describes the stone as... Natural gem, best quality 5a green Chrome Diopside.

Color:     Siberia, Russia

Shape:     Oval 

Dimensions:     8 x 6 mm

Approximate Weight:     .1.22 carats

Price:     $30, plus shipping ($5)

Send me an email (with anti-spam) (carolynatazgemdotcom) and tell me that you want this fine gem.

We have other  shapes, sizes, and shades of gems available.

We keep gem prices low by buying quality gemstone rough worldwide, and having the rough material cut by our gem cutters in Asia.

 

gem newsletters

 

Gem Industry News

 

Christieís: Elizabeth Taylorís trust owes us $8.8M

 

liz taylor vs christie's

 

The New York Post.com reports in their Page Six column on the ongoing multi-million dollar controversy between Christie's Auction House and the Elizabeth Taylor Trust...

Auction house Christieís is battling over money with Elizabeth Taylorís trust.

The trouble began when a buyer backed out of an $8.8 million deal to purchase Taylorís Taj Mahal necklace (gifted to her by Richard Burton) at a 2011 auction. But the auction house pre-paid the trust ahead of receiving money from the buyer, who canceled the sale.

Now Christieís wants its money back.

Read more

 

Hotwire

 

gemstone news

 

Jewelry Dealers

 

jewelry dealers wholesale

 

Now that your inventory is well on the way to being replenished, it is time to focus more on sales again.

Gift giving occasions have not disappeared with the holiday season. Mothers Day , birthdays, anniversaries, graduations, and many other reasons to give nice jewelry at a great price just keep on coming. Your customers (and their friends) need what you offer!

A market where people perceive they should spend wisely and receive value for their money fits right into your marketing strategy... 

Be The Quality Jewelry Discounter.

 

 

gemstone news

 

Jewelry Dealers Program

 

jewelry dealers program

 

Do you enjoy jewelry and gems?

Do you enjoy talking with friends and friends of friends?

Could you use an extra income source?

Take a look at our great Jewelry Dealers Program.

 

 

Carolyn Doyle

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