Surprisingly, the auction house's pre-sale estimate for the current offering of the same diamond reverts to the range promoted in 2017. Christie's believes the May 2019 hammer price will be in the neighborhood of $2.5 million to $3.5 million. A representative from Christie's told the press that the estimate reflects the current market value for a diamond of that size and provenance. She noted that a bidding war among diamond buyers in 2017 was likely responsible for inflating the Jonker V's sale price well beyond the high estimate. We'll be watching to see if another bidding war escalates the diamond's price in Geneva next month.
Welcome to a throwback edition of Musical Monday when we bring you awesome songs with diamonds, jewelry, gemstones or precious metals in the title or lyrics. Today, country star John Anderson has fun with a well worn gemstone myth in his Grammy nominated 1981 hit, "I'm Just an Old Chunk of Coal (But I'm Gonna Be a Diamond Someday)." Anderson likens himself to a common chunk of coal, but promises to work hard to rid himself of flaws until he's "blue pure perfect." We're guessing he aspires to be a blue diamond. Did he "hope" to be the Hope Diamond?
Outbidding two challengers, a Japanese private collector plunked down almost fourteen million for a D flawless 88.22 carat oval diamond at Sotheby's Hong Kong yesterday. He gifted the diamond to his eldest daughter and named it the "Manami Star" Diamond in her honor. The diamond had been described by the auction house as "perfect according to every critical criterion." Given the great interest in the "perfect" diamond, the hammer price easily surpassed the pre-show high estimate of $12.7 million, making the Manami Star the top lot at the Magnificent Jewels and Jadeite auction.
Very often as a young man purchases a diamond engagement ring from Family & Co. Jewelers, the topic of how to propose comes up in conversation. This is a new one that we wanted to share with y'all. Really it happened nine years ago but it is new news to us. Yasushi “Yassan” Takahashi, the GPS artist who famously zigzagged 4,500 miles through Japan in 2010 to spell out a marriage proposal for his girlfriend, is back in the news; thanks to Google.