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Historic Cartier Tiara from Viscountess Astor to Lead Bonhams London Auction

Turquoise and diamond tiara, once owned by pioneering British MP Nancy Astor, expected to fetch up to £350,000 at June 5 sale.

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A rare turquoise and diamond Cartier tiara once owned by Viscountess Nancy Astor is set to headline Bonhams’ London Jewels auction on June 5. The tiara, which has remained out of the public eye since it was acquired by Lord Astor in 1930, is estimated to fetch up to £350,000 ($461,864).

Crafted by Cartier, the tiara features a central old brilliant-cut diamond surrounded by a mix of old brilliant-, single-, and rose-cut diamonds. Three turquoise plumes accented with diamond stems rise from the center, while each side is adorned with a fan-shaped turquoise panel design.

Viscountess Astor, born Nancy Witcher Langhorne, was a trailblazing American-born British politician and the first woman to take a seat in the UK Parliament, serving from 1919 to 1945. She met her husband, Waldorf Astor, during her transatlantic journey to England in 1905.

The auction will also showcase several other standout pieces. A toi et moi ring featuring a 2.05-carat fancy-pink diamond paired with a 1.42-carat fancy-bluish-green diamond is valued at up to £250,000 ($329,971). A trio of mid-19th-century antique rose-cut diamond brooches could achieve £80,000 ($105,593), while a Tiffany & Co. pavé-set diamond and gem-set leaves necklace is estimated at £60,000 ($79,193).

Also on offer is a pair of diamond chandelier earrings, with cascading pear-cut diamonds weighing 3.17 and 4.02 carats, expected to bring in up to £60,000. Rounding out the highlights is a 1930s Cartier clip brooch with circular-cut citrines and old brilliant-cut diamonds, estimated at £20,000 ($26,398).

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International News

Precious Metals zoom ato record high ahead of FOMC meet AUGMONT BULLION REPORT

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  • Around $3728 (~Rs 110,300) for gold futures and $43.23 (~Rs 129,7000) for silver, both markets were trading close to a record high ahead of the US FED’s two-day policy meeting that begins today.
  • The Fed is expected to cut interest rates by 25 basis points on Wednesday, the first since December, and markets are almost certain that the easing cycle will continue into the following year. Recap: Despite the president’s dismissal, the federal appeals court permits Lisa Cook to remain as a Fed gov and take part in the FOMC meeting beginning tomorrow.
  • For clues about the direction of future policy, all eyes will be on the Fed’s quarterly Summary of Economic Projections, which includes the much-awaited dot plot, and Chair Jerome Powell’s press conference. Regarding the data, reports on industrial production and retail sales that are anticipated later today will be closely examined to gain more understanding of how strong the economy is.

Technical Triggers 

  • Gold Dec Futures has given a breakout above $3700 (~Rs 110,000), the next target would be $3800 (~Rs 113,500). If prices top out and fall below $3650 (~Rs 108,500), then only we could see further profit booking.
  • Silver Nov Future prices have given a breakout above its consolidation range of $41 (~Rs 123,000) and $42 (~Rs 126,000) for the past few days and achieved the target of $43. This rally has more room for upside towards $45 (~Rs 140,000)

Support and Resistance

CommodityMarketSupport LevelResistance Level
GoldInternational$3650/oz$3800/oz
Indian₹108,500/10 gm₹113,500/10 gm
SilverInternational$42.5/oz$45/oz
Indian₹127,000/kg₹140,000/kg

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