Ruby prices continue to increase at the fine jewelry auctions. And as
these prices escalate, the prices for almost all rubies also increase.
Auction houses such as Christies, Bonhams, and Sotheby's deal in world class
gems and jewelry. That status of "world class" can be achieved by
virtue of a royal or famous owner, a prestigious designer, or the outstanding
quality of a gemstone.
The rarity of the gems featured at these high profile auctions necessarily
limits the supply. However, rubies of lesser provenance, lesser size, and lesser
(yet good) quality, can still be desirable and beautiful gems in their own
right. We can call them "gems for the rest of us".
Ruby prices continue to increase... it has been a recurring theme for a
number of years now. Stories in both gem and jewelry industry publications have
appeared more and more frequently in the past five years, as the price rise
became even more dramatic.
And now a 25 carat ruby has become the world's most valuable colored
gemstone. It happened on May 12, 2015, at an auction in Switzerland.
Sotheby’s Magnificent Jewels and Noble Jewels sale in Geneva set records in
several gem categories - but t
he 25.59 carat Sunrise Ruby outdid
them all. It sold for more than 30 million dollars. $30,335,698 to be
precise. When you do the math, that's an astounding 1.185 million dollars per
Sotheby's Catalogue Note describes the Sunrise Ruby as...
Superb and extremely rare ruby and diamond ring, Cartier
"The described ruby exhibits a very impressive size and
weight of 25.596 ct, combined with a highly attractive colour and a fine
purity. Its colour is further pronounced by its well-proportioned cutting
style, resulting in vivid red hues due to multiple internal reflections. Due
to complex geological formation processes rubies of such quality generally are
found in small crystals and only very exceptionally in such a size as the
present stone. [...]Its vivid but saturated colour, poetically referred to as
pigeon blood red, is due to a combination of well-balanced trace elements in
the stone, typical and characteristic for the finest rubies of Mogok.
[...]Based on our records we can conclude that a natural ruby from Burma of
this size and colour is extremely rare. Thus, the described gemstone with its
combination of outstanding characteristics can be considered a unique treasure
of nature." Excerpts from the SSEF appendix letter, 4 February 2015
"The 25.59 ct ruby described in the above mentioned
Gübelin Gem Lab Report possesses a combination of outstanding
characteristics. It displays a homogeneous and richly saturated 'pigeon blood
red' colour, which typifies the finest of these gems. The depth of colour,
combined with a high clarity and brilliance, all contribute to the beauty of
the gem. The shape and finely proportioned cut provides vivid internal colour
reflections. In addition, this remarkable gemstone has been spared thermal
treatment." Excerpt from Gübelin appendix letter, 11 February 2015.
Although The Sunrise Ruby is an exceptional gem, I cannot find any
history of the stone - other than it is in a Cartier ring mounting, and
comes from a private collection. All documents and lab reports accompanying
the gem are very recent. The provenance of the gem is a mystery.
Further highlights of this auction sale included 'The Historic Pink
Diamond', which achieved CHF 14,810,000/US$ 15,903,422.
Sotheby's Catalogue describes the vivid pink diamond ring as...
'The Historic Pink' Magnificent fancy vivid pink diamond ring
Set with a cushion brilliant-cut fancy vivid pink diamond weighing 8.72
carats, between cushion brilliant-cut diamonds weighing 1.09 and 1.12
carats, size 52.
Authentication - Accompanied by GIA report no. 2145476525, stating
that the central diamond is Fancy Vivid Pink, Natural Colour, VS2 Clarity,
together with a Type IIa classification letter; and GIA report no.
2158045585 and no. 1156317506, stating that the two side diamonds are D
Colour, VVS1 and VVS2 Clarity.
Catalogue Note - This exceptional vivid pink diamond was formerly in
the collection of Huguette Clark, and weighed 9.00 carats at that time.
Previously, The Historic Pink Diamond was reputed to have been owned by
Princess Mathilde Bonaparte, niece of Emperor Napoleon Bonaparte.
"The exquisite 8.72 carat stone only recently resurfaced, having been
kept in a bank vault since the 1940s," Sotheby's said
This sale featured an impressive array of gemstones, including a 30.23
carat Kashmir sapphire. It sold for 6.16 million dollars.
Sotheby's Catalogue describes the Kashmir sapphire and diamond brooch as...
Magnificent sapphire and diamond brooch, Cartier
Set with a cushion-shaped sapphire weighing 30.23 carats, amongst pear-
and marquise-shaped diamonds weighing a total of approximately 42.35 carats,
signed Cartier, numbered, French assay and partial maker's marks, case
Authentication - Accompanied by SSEF report no. 78415 and Gübelin
report no. 15030026, stating that the sapphire is of Kashmir origin, with no
indications of heating, together with appendix letters.
Additionally accompanied by twelve GIA reports: Catalogue Note - "The few tiny inclusions found by microscopic
examination are the hallmarks of sapphires from the reputed historic deposit
in Kashmir, located in a remote part of the Himalayan Mountains in India.
The velvety and saturated blue colour of this sapphire is due to very fine
and subtle inclusions and a combination of well-balanced trace elements in
the gemstone, typical and characteristic for the finest sapphires of
Kashmir." Excerpt from the SSEF appendix letter, 17 February 2015.
The twelve accompanying GIA reports detail the excellent clarity and color
of the twelve white diamonds surrounding the Kashmir sapphire.
Among the jewelry with noble provenance were pieces from the Estate of
Mary, Duchess of Roxburghe, which sold in its entirety for a total of CHF
6,146,000/US$ 6,621,522, far in excess of its pre-sale estimate of CHF 1.5-2.3
There were a number of wonderful examples of signed pieces from Boucheron,
Bulgari, Schlumberger and Belperron. Several of these designer pieces featured
gems such as citrine, amethyst, turquoise, and other "ordinary"
Among these pieces was a rock crystal and diamond necklace by Suzanne
Belperron. Rock Crystal is not usually regarded as a high value gemstone.
Sotheby's Catalogue describes the Rock Crystal and diamond necklace as...
Rock crystal and diamond necklace, 'Galets', Suzanne Belperron, 1972
Composed of polished rock crystal alternating with facetted rock crystal
rondelles, the clasp set with a step-cut and single-cut diamonds, length
Authentication - Accompanied by a certificate from Olivier Baroin.
I was not familiar with the term "galets". A little research
informs me that galet is a French word that means pebble... a rock fragment
As mentioned above...
Ruby prices continue to increase has been the subject of many trade
news stories. These, of course, prompted other articles taking a contrarian
view. For example...
Prices: Is the Party Over? Ruby dealers
remember 2012 as a year of dramatic price rises. Increases of several
percentage points per month were not uncommon, and, in a number of cases, at
the high-end of the spectrum, gems doubled in value during the year. But the
past five months have seen changes. Is the price-fest over?
Ruby prices continue to increase at a rate greater then prices for emerald
and blue sapphire, according to what I see at gem trade shows such as Las
Vegas and Tucson.
Top - The Sunrise Ruby set in a Cartier ring mounting,
with two shield shaped white diamonds
Next - A closer view of the Sunrise Ruby
The cushion shaped Historic Pink diamond set in a ring with
two cushion shaped white diamonds
Next - The cushion shaped Kashmir sapphire weighting 30.23
carat, set in a brooch with a spray of twelve white diamonds
Next - Rock crystal and white diamond
necklace by French designer and master jeweler Suzanne Belperron
Next: - Gem special offer - Lustrous pearl stud earrings
with 14k yellow gold posts and
Next - Industry News - 500 year old gold pendant
unearthed in Britain
Next - Dealer Product Image - Amethyst Ring in Sterling Silver
Last - Dealer Program Image - Pink Spinel and Sterling
A Google search for links or images using keywords such as fancy
pink diamond or famous gemscan return some very interesting information and websites.
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.
Fathers Day , birthdays, anniversaries, 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.
Do you enjoy jewelry and gems?
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