All’s Well in the Auction World
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Saturday,May 02 2020 [ Issue 1 May/ 2020 ]
All’s Well in the Auction World
If the recent online auction of the much coveted Tutti Frutti bracelet that fetched $1.34 million proves anything, it is the fact that affluent buyers are still smitten by jewels of extraordinary provenance.

Art Deco pieces have been popular in the world of auction for sometime now, and pieces with the Cartier tag has the world’s richest swooning over them. But why is this good news for the jewellery industry?

Demand for designs of lasting value that use the finest of gemstones remains intact even during this lockdown period. Use this time to up your design game, learn everything there is to learn about historic jewels and why they stand the test of time and break free from the monotony. When the world is free from Covid-19, there’ll be a place for your jewels.

 
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Highlights
This week, in a single-lot online sale, Sotheby’s New York sold a Cartier “Tutti Frutti” bracelet to an undisclosed buyer for $1.34 million. The Art Deco piece was expected to earn between $600,000 and $800,
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Bharat Diamond Bourse committee commends the effort of our Prime Minister Shri Narendra Modi and Maharashtra Government, CM Shree Uddhav Thakrey to fight the war against COVID-19. BDB also acknowledges the entire team of Heal
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De Beers Group today announced a $200,000 donation across its four producer partner countries of Botswana, Canada, Namibia and South Africa to assist women’s shelters and support organisations to respond to an increase
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The gems and jewellery industry is a definite causality in this pandemic. A sector which has been a major contributor towards India’s GDP is now in complete lockdown, much like other sectors. Members of the Gems and Jew
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At the end of the March quarter, the company had a cash balance of approximately $2.7 million in cash and 4780 carats of diamonds in inventory at Mothae. This provides Lucapa with a cash runway of one quarter. As of March 31,
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Buchbauer will also continue to remain as chairman of the executive board. In a statement, the company said that it will streamline the Swarovsi's various divisions under one entity. It also added,Buchbauer plans to "realign
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The organizing committee of Bharat Diamond Week, world’s foremost ‘only diamond show’ decided that the BDW will go Digital. The decision was taken by the committee over an online meeting. The Bharat Diamond
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On the auspicious occasion of Akshaya Tritiya,DivineSolitairesannounced the launch of an exciting offer for customers which enables them to contribute towards India’s fight against Covid-19 while purchasingSolitaires. A
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A month after suspending operations at its Ekati deposit in Canada due to covid-19,Dominion Diamond Mines has filed for and received insolvency protection.“Whether or not Dominion agrees to the Washington proposal, it e
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