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Christie’s Paris Auction Rakes in over $19M 

Christie’s Paris Jewellery Auction Hits $19.6M, Van Cleef & Arpels Ruby Ring Tops Sales

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Christie’s recent Joaillerie Paris auction held on June 27 saw stunning results, with total sales soaring to EUR 16.7 million (USD 19.6 million), significantly surpassing expectations. Leading the auction was a remarkable Van Cleef & Arpels ruby ring, which sold for EUR 2.4 million (USD 2.8 million)—nearly five times its high estimate of EUR 500,000. The ring features a 6.27-carat Burmese ruby, flanked by two half-moon diamonds.

The sale, conducted online, showcased a broad selection of fine jewellery from renowned houses including Boucheron, Chaumet, and Cartier. Notably, nine of the top ten lots fetched prices well above their estimates, reflecting strong global demand for high-end, rare gems.

Highlights from the top 10 lots include:

  • A 9.67-carat fancy-vivid-orangey-yellow diamond ring, VS1 clarity, sold for EUR 2.1 million (USD 2.5 million)—over six times its high estimate of EUR 350,000.
  • A Chaumet necklace with 191 natural pearls and diamond clasp realized EUR 1.6 million (USD 1.8 million), beating its EUR 600,000 estimate.
  • A 7.76-carat Kashmir sapphire ring brought in EUR 869,400 (USD 1 million), more than doubling its expected price.
  • A natural pearl necklace achieved EUR 504,000 (USD 590,661), soaring past its EUR 30,000 estimate—more than 16 times the presale prediction.
  • Boucheron earrings with yellow diamonds and white diamonds fetched EUR 441,000 (USD 516,828), within expected range.
  • Another pair of Boucheron earrings with Colombian emeralds and diamonds sold for EUR 365,400 (USD 428,229), exceeding their EUR 60,000 estimate.
  • A Colombian emerald ring from Boucheron also fetched EUR 365,400 (USD 428,229), far surpassing the expected high of EUR 60,000.
  • A Boucheron ruby and diamond necklace and earring set achieved EUR 327,600 (USD 383,929), exceeding its EUR 200,000 estimate.

A 13.47-carat Ceylon sapphire ring closed the top 10, selling for EUR 327,600 (USD 383,929)—well above its EUR 100,000 estimate.

The impressive results reaffirm Christie’s stronghold in the high-jewellery auction market and underscore growing global enthusiasm for investment-grade gemstones and heritage designs.

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DiamondBuzz

De Beers Group Launches “Heera Hai Aapke Liye” Program at IIJS Bharat Signature to Revolutionize Natural Diamond Accessibility in India

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De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative dedicated to making natural diamonds an integral part of daily life for the modern Indian consumer.

The “Heera Hai Aapke Liye” (Diamonds are for You) program is strategically designed to promote natural diamonds by raising awareness, boosting market visibility,and creating a seamless connection between retailers and consumers. With a focus on modern designs and attractive price points, the program also lets local retailers use De Beers Group campaigns as their own—second-piercing earrings, ‘Bestie’ bracelets, and ‘Intention’ pendants. It positions diamonds as a lifestyle choice for self-expression and daily wear.

Speaking at the launch, Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, detailed the evolution of the brand’s storytelling, stating, “De Beers Group has a rich legacy of creating iconic ritual campaigns that have shaped how the world perceives diamonds. With ‘Heera Hai Aapke Liye,’ program we are evolving that narrative for the Indian market to another level.

We are not just selling jewellery, we are making natural diamonds more accessible and desirable in India. Our goal is to empower retailers through INDRA (Indian Natural Diamond Retailer Alliance)  to ensure that every ‘First Diamond’ journey is as credible as it is beautiful.”

Kirit bhansali

Speaking on the occasion, Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said, “IIJS has always been a powerful platform for shaping the future of India’s gem and jewellery industry, and the launch of ‘Heera Hai Aapke Liye’ at IIJS Signature reinforces that role. GJEPC is proud to partner with De Beers Group on the INDRA (Indian Natural Diamond Retailer Alliance) project, which is a critical step towards strengthening domestic demand for natural diamonds.

By empowering retailers, enhancing consumer confidence, and expanding access across metros and Tier 2 markets, this initiative aligns perfectly with our vision to grow the natural diamond category sustainably within India.”

The program ‘Heera Hai Aapke Liye’, rests on few strategic pillars aimed at industry growth and scalability:

  • Stocking & New Consumer Opportunity: Identifying gold wholesalers and distributors across 15–20 cities to focus on a first-phase target of 500 retailers.
  • Retailer Advantage: Providing a “Design Advantage” and strict “Product Hygiene,” backed by a clear buy-back policy and robust training and marketing support via the INDRA alliance.
  • Heera Hai Aapke Liye is robust entry-level product kit featuring earrings, bangles, bracelets, etc supported by exclusive visual merchandising (VM) for display.
  • Growth and Scalability: A PAN-India reach strategy designed to unlock new business opportunities for both manufacturers and retailers.

As India continues to grow as the world’s second-largest market for retail diamond jewellery, De Beers Group remains committed to strengthening the natural diamond narrative. By combining the emotional appeal of natural diamonds with the practical “Heera Hai Aapke Liye” framework, De Beers aims to build a sustainable future for the category across both metros and Tier 2 cities. De Beers and GJEPC aim to expand the base of Natural Diamond buyers, increase self-purchase consideration, and establish long-term credibility for the category.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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