Archive for October 6th, 2010

$200,000 Opal Hat Up For Auction- Jewelry Appraisal

Jewelry Appraisal

Jewelry Appraisal

If you are a frequent reader of our blog you may already know that October’s birthstone is opal. In honor of this beautiful gemstone San Francisco’s Bonhams and Butterfields will be holding an auction devoted to opal. This auction will be among the first held in the U.S and the first of its kind at Bonhams and Butterfields. The auction will feature a diverse group of high quality and distinctive jewelry, unmounted stones, mineral specimens, lapidary works of art, decorative objects, decor and opalized fossils, made from the opulent gem. Many of these pieces will highlight opals unique ability to seemingly hold fire, water and air in the stone itself.

Possibly the most unique and expensive item on the auction block will be a opal hat called “The Deep Blue Sea”. Estimated at $200,00, this piece is made from hand-blocked Australian felt, adjourned with feathers and has 26 opals weighing approximately 1,447 carats! A partnership between Australian master milliner Ann Maree Willett, opal miners Vicki and Peter Drackett and opal carvers Daniela L’Abbate and Christine Roussel, resulted in the creation of this one of a kind hat.

Some other exceptional items that will be auctioned off are a opal and 18kt gold presentation box set with large 224.24-carat oval cabochon of white opal, estimated at $100,000- 150,00. There will be a 34.80-carat Boulder opal and briolette diamond necklace, estimated at $90,000 – 110,000 and a Mexican Fire Opal and diamond necklace, mounted in 18K yellow gold, comprised of 40 opal cabochons and 11.3-carats of diamonds, estimated at$20,000- 30,000, with a matching pair of earrings.

Raymond Lee Jewelers may not come across $200,000 opal hats but if one did come into our store we would be able to give a accurate and fair jewelry appraisal.

-Carlos at Raymond Lee Jewelers

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The Rolex Day-Date Or Is It President?- Collateral Loan

Collateral Loan

Collateral Loan

The Rolex Day-Date is one of the most popular watches in Rolex’s history. Popularized by both politicians and movie stars, the Day-Date has become a symbol of wealth and power. Now many of you may know about this watch but you may not know what to call it. President, Day-Date or Presidential?

The real name for this model is Day-Date and it was released in 1956 as a niche model. Rolex was suffering a drop in sales and the Day-Date was quietly released, not many expected it to put an end to stagnant sales. Fortunately for Rolex the Day-Date’s popularity exploded and sales rose significantly. The early models due to the complexity of the watch, with its automatic movement, additional day and date discs was a very large and had a bulbous case back. This differs quite dramatically from the slim profile we have become accustomed to today.

The nickname, President, did not come into existence until later when Rolex changed the bracelet of the Day-Date to a gold-linked bracelet with a concealed clasp the is called “the President wristband.” Rolex perhaps trying to expand recognition for this watch in the U.S, capitalized on the wristbands name and gave one to then President Dwight Eisenhower. Rolex succeeded perhaps a bit too well because here in the United States the nickname the President (Presidential would gain popularity as well) overtook its actual name. In Europe and abroad, asking for a Rolex President will get you quizzical stares since the Day-Dates’ nickname never grew as popular as it did here. Collateral Loan.

The Day-Date or President has undergone only slight changed over the years. In 1972 a hack feature was introduced which allowed the second hand to be stopped instantly. Also around this time the “Quickset” feature was introduced, this allowed the wearer to change the date by pulling the button out half way and turning it. A great improvement over the old method where the crown would have to be turned round and round in order to manipulate the date.  Besides these internal changes the President is still holds the classic beauty that originally made it a hit among consumers.

-Carlos at Raymond Lee Jewelers

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