Archive for the ‘ Diamonds ’ Category

More Details on Christie’s Elizabeth Taylor Jewelry Auction

And as the best kind of details are visual, enjoy the gorgeous photos of some select items int he collection, courtesy of AP Photo/Richard Drew. To view the entire album at CBS News’ site, click here.

Liz Taylor's jewelry, Christie's, Auction, Raymond Lee Jewelers, Estate Jewelry

Liz Taylor, Elizabeth Taylor, Jewelry, Estate Jewelry, Christie's Auction

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Christie’s Announces Details of Elizabeth Taylor’s Jewelry Auction

Hello lovely Raymond Lee fans and readers. Today’s buzz is all about the newly released details of Christie’s auction of Elizabeth Taylor’s jewelry collection. Not too long ago, we paid homage to some of Liz’s most famous baubles and showcased what would be in our fantasy Elizabeth Taylor Jewelry Auction.

Now that Christie’s has announced what jewels will actually be up on the block, we thought we’d share the dazzling results of our predictions. Read on for the inside scoop, courtesy of National Jeweler.

The Taj Mahal diamond is up for grabs, and is expected to fetch between $300,000  and $500,000 on its December 13th Christie’s debut.

This Van Cleef & Arpels 8 carat ruby and diamond stunner was Richard Burton’s Christmas gift to Liz in 1968. The ring is estimated to realize $1 million – $1.5 million at the first of two days of Christie’s auctions, Dec. 13.

These rings are Burtona nd Taylor’s wedding bands (from at least one of their fabled marriages). They are estimated to go for between $6,000 and $8,000 at their December 14th auction.

Finally, the star of the show is the Krupp/Elizabeth Taylor diamond. This 33-carat, D color, VS1 clarity, potentially internally flawless stone, was a gift to the actress from Burton “and is the perceived top lot of the auction, estimated to realize $2.5 million – $3.5 million at auction Dec. 13,” according to National Jeweler.

François Curiel, international jewelry director and president of Christie’s Asia, says of the lot:

“Elizabeth Taylor’s passion for jewelry was well-known, but it is her depth of knowledge about fine jewelry that truly impresses. She collected the best pieces from the best periods, and as a result her collection boasts exquisite examples from the most celebrated jewelry designers.”

Partial proceeds of the auction will benefit the Elizabeth Taylor Aids Foundation, founded in 1991 to provide funding to AIDS service organizations throughout the world to assist those living with HIV and AIDS.\

Liz for Raymond Lee Jewelers, your trusted source for industry news and estate jewelry.

Industry Update: Diamonds May Surpass Gold for Investing

A scattering of "brilliant" cut diam...

Image via Wikipedia

According to David Parkinson of The Globe and Mail , there’s a sly little gemstone sneaking up stealthily behind gold to become the big-ticket investment grab of the year. While gold can’t seem to stay out of the headlines, diamonds have been steadily gaining Wall Street-cred in their own right.

Traditionally, diamonds and gold move in the same direction on the charts, but since the 2008 financial crisis, gold has skyrocketed thanks to its reputation as a solid way to store wealth. Diamonds, meanwhile, experienced “a recession-driven drop-off in jewellery sales” that weighed heavily on their market value. But over the course of the last year, diamonds are again trending upward as investors start to realize that diamonds may just be an even better investment than gold.

“Diamond companies look underpriced versus gold, [platinum group metals] and silver (SI-FT) stocks on a [price-to-net-present-value] basis,” wrote Edward Sterck, diamond-producer equity analyst for BMO Nesbitt Burns in London, in a recent research report.

Whether diamonds are actually a sounder investment than gold is debatable, but according to analysts “the outlook for gems looks strong on a good old fashioned supply-and-demand basis.”

Since 2006, the mining and production of diamonds has dropped off significantly. Diamond producers aren’t actively seeking new mines, or even doing much with those they’ve already established. Rather, they’re depleting the existing supply of diamonds, while a new demand lurks on the Eastern horizon.

China and India are producing a surge of new consumers eager to buy jewelry, which is viewed as a long-lasting investment especially in their cultures. According to the Globe and Mail, “Last year, diamond demand jumped 31 per cent in India and 25 per cent in China.”

Meanwhile, in the U.S., the diamond demand jumped 7% in 2010 – solidifying diamonds as a sound investment for wealth and not just the jewelry box.

To read more, visit The Globe and Mail’s website.

Liz for Raymond Lee Jewelers, your trusted source for jewelry industry updates, news and trends.

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