Pink Star Diamond sells for the record of $ 71 Million at Sotheby's Auction

A giant 59.6 carat pink diamond sold for more than $71 million at Sotheby’s in Hong Kong Tuesday, setting a record for the most expensive gem ever sold at auction, according to Bloomberg.

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Dubbed the Pink Star, the oval-shaped jewel is the largest internally flawless diamond the Gemological Institute of America has ever graded.

The winning bid, which came from the Hong Kong-based jewelry retailer Chow Tai Fook, came after a five-minute bidding war among three potential buyers. The $71 million price tag greatly surpasses the previous record holder for most expensive jewel, the 14.6 carat Oppenheimer Blue, which sold for $58 million at Christie’s last May. The previous record sale price for a pink diamond was $45.6 million, which went toward the purchase of the 24.8 carat Graff Pink at Sotheby’s in 2010.

Originally a 132.5 carat rough diamond, the Pink Star took two years to cut and polish after being mined in Botswana by De Beers in 1999. Its color, fancy pink, is the highest grade, and the purity of its crystals rank the diamond among the top 2% in the world. The gem made its public debut in 2003 and has since been featured as part of an exhibit in the Smithsonian Museum of Natural History and the Natural History Museum in London.

Looking for a Beautiful Wedding Location?

If you are looking for a beautiful setting to have your wedding, here are two wonderful suggested locations you may want to consider. 

Greenwood gardens, NJ

See more details and photos at their website: http://greenwoodgardens.org/the-gardens/image-gallery/

 

Conservatory gardens in Central Park

For more details view the video below and visit their site at: http://www.centralparknyc.org/things-to-see-and-do/attractions/conservatory-garden.html

Mia & Ed - Engagement and Wedding

Ed was the first client who found me on Google and wasn't referred by another client. He walked in knowing exactly what he wanted, and together we created the perfect engagement ring for his bride-to-be. The ring featured a stunning quality Royal Blue Cushion Cut Sapphire set in a custom made Platinum ring with a diamond halo.

I truly appreciate Ed trusting me with this important life milestone project. I treasure our relationship that developed over time as I met Mia, a petite beauty with a big heart and great smile, who said "Yes" to this fine man and THE ring!  It was a joy working with Ed and Mia on their wedding bands. My reward was seeing Mia, now a gorgeous bride, wearing the jewelry I had made for her big day. 

Engagement Party

Engagement Party

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Mia wears a pair of double diamond halo earrings and a Round Brilliant pendant with single row diamond halo  

Mia wears a pair of double diamond halo earrings and a Round Brilliant pendant with single row diamond halo

 

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Mia & Ed

Mia & Ed

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The Opulent Opal

Opal is the product of seasonal rains that drenched dry ground in regions such as Australia’s semi-desert “outback.” The showers soaked deep into ancient underground rock, carrying dissolved silica (a compound of silicon and oxygen) downward.
 
During dry periods, much of the water evaporated, leaving solid deposits of silica in the cracks and between the layers of underground sedimentary rock. The silica deposits formed opal.

How Opal Forms

Opal is known for its unique display of flashing rainbow colors called play-of-color. There are two broad classes of opal: precious and common. Precious opal displays play-of-color, common opal does not.

Play-of-color occurs in precious opal because it’s made up of sub-microscopic spheres stacked in a grid-like pattern—like layers of Ping-Pong balls in a box. As the lightwaves travel between the spheres, the waves diffract, or bend. As they bend, they break up into the colors of the rainbow, called spectral colors. Play-of-color is the result.

Although experts divide gem opals into many different categories, five of the main types are:

  • White or light opal: Translucent to semitranslucent, with play-of-color against a white or light gray background color, called bodycolor.

  • Black opal: Translucent to opaque, with play-of-color against a black or other dark background.

  • Fire opal: Transparent to translucent, with brown, yellow, orange, or red bodycolor. This material—which often doesn’t show play-of-color—is also known as “Mexican opal.”

  • Boulder opal: Translucent to opaque, with play-of-color against a light to dark background. Fragments of the surrounding rock, called matrix, become part of the finished gem.

  • Crystal or water opal: Transparent to semitransparent, with a clear background. This type shows exceptional play-of-color.

To see more videos from Elina Bromberg, please visit our Vimeo site here

The Sapphire Buyer's Guide

Sapphire is one of the Big 3 of jewelry gemstones—the other two are ruby and emerald. Sapphire is a durable stone that’s the best known blue gem, as well as being available in most colors.

WHAT TO LOOK FOR

COLOR IS THE MOST IMPORTANT QUALITY FACTOR FOR SAPPHIRE

The most highly valued blue sapphires are velvety blue to violetish blue, in medium to medium dark tones. Preferred sapphires also have strong to vivid color saturation. The saturation should be as strong as possible without darkening the color and compromising brightness.

CLARITY REFERS TO THE INCLUSIONS

Blue sapphires often have some inclusions. Blue sapphires with extremely high clarity are rare, and very valuable. Price can drop if the inclusions threaten the stone’s durability. Kashmir sapphires contain tiny inclusions that impart a desirable velvety appearance.

CUT IS ONE OF THE MOST IMPORTANT FACTORS IN APPEARANCE

To achieve the best overall color, maintain the best proportions, and retain the most weight possible, cutters focus on factors like color zoning, pleochroism, and the lightness or darkness of a stone.

CARAT WEIGHT ALLOWS FOR PRECISE MEASUREMENTS

Blue sapphires can range in size anywhere from a few points to hundreds of carats, and large blue sapphires are more readily available than large rubies. However, most commercial-quality blue sapphires weigh less than 5.00 carats.