Diamond World (DW) May - June 2020
Why Covid-19 will make people fall in love with diamonds all over again | Ban is good - Industry welcomes ban on rough imports | Hong Kong jewellery industry show mettle| An Irrevocable Loss - Arun R. Mehta, Rosy Blue Group
Why Covid-19 will make people fall in love with diamonds all over again | Ban is good - Industry welcomes ban on rough imports | Hong Kong jewellery industry show mettle| An Irrevocable Loss - Arun R. Mehta, Rosy Blue Group
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Round & About<br />
POLISHED DIAMONDS<br />
3ct blue diamond<br />
goes unsold at<br />
Sotheby's auction<br />
The Part II Magnificent<br />
Jewels & Nobel Jewels<br />
Geneva was not a success<br />
as many lots went unsold. Just<br />
when we thought all is well in<br />
the world of live digital auction,<br />
Sotheby's hit a roadblock with<br />
its Part II Magnificent Jewels &<br />
Nobel Jewels Geneva. Many lots<br />
went unsold including a 3.01<br />
ct fancy vivid blue diamond<br />
with VS1 clarity. The auction<br />
house withdrew the diamond<br />
from sale. It was estimated to<br />
be sold for $4.3 – $6.3 million.<br />
Many pieces with fancy colour<br />
diamonds went unsold.<br />
28.86ct D colour diamond<br />
sells for $2,115,000<br />
Christie’s Jewels Online (<strong>June</strong> 16-30) totaled<br />
$4,164,500, with 100% sold by value, 93% sold by<br />
lot, achieving 140% hammer above low estimate,<br />
and 64% of lots selling at or above their high estimate.<br />
Estimated at $1-2m, the 28.86 Carat, D Color <strong>Diamond</strong><br />
was the highest valued lot ever offered in a Christie’s online<br />
sale. The impressive stone received bids immediately upon<br />
the sale going live on <strong>June</strong> 16. After a fierce competition of<br />
31 bids, from four countries spanning Asia to America, the<br />
exceptional stone sold for $2,115,000, setting the new record<br />
for a jewel sold in an online auction.<br />
SRK Knowledge Foundation<br />
extends relief operation<br />
SRK Knowledge Foundation (SRKKF), the CSR arm of<br />
Shree Ramkrishna Exports Pvt Ltd (SRK) - initiated an<br />
emergency relief operation in the cyclone hit coastal<br />
areas of Maharashtra last week.<br />
The team of SRKKF visited 40 villages of the affected areas<br />
and provided 200 Food kits, each of 43 kgs comprising of<br />
Daily essential food items like 15 kg wheat flour, 10 kg rice, 7<br />
kg pulses, 500 gm tea, 3 kg sugar, 1.5 kg dry spices and 5 kg<br />
cooking oil. Along with this, 200 numbers of Solar lights were<br />
also provided to light up houses and help charge the smart phone<br />
batteries. With this, SRKKF reached homes of over 100 SRK<br />
family members working at various of its units. Needy families<br />
were also sought out and the remaining food packets and lights<br />
were distributed amongst them too.<br />
24 | may-june <strong>2020</strong> | DiamonD WorlD
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