International News
Historic Mughal Emerald Jewels to Lead Christie’s Magnificent Jewels Auction in New York
Over 2,000 carats of rare Mughal-era emeralds and multi-gem treasures — including a 470-carat centerpiece — headline a landmark sale alongside prestigious pieces from Anne Bass and Lucille Coleman collections.
Christie’s will showcase an extraordinary array of Mughal jewels at its upcoming Magnificent Jewels auction in New York on June 17, led by a remarkable carved emerald necklace bearing over 1,150 carats of Colombian emeralds. The historic piece is inscribed with the name Ahmad Shah Durrani, founder of the Durrani Empire, and features a massive 470-carat central emerald. Dating back to 1612, this jewel is steeped in royal heritage and has been linked in historical records with other legendary gems such as the Timur Ruby and the Koh-i-Noor diamond. It carries a pre-sale estimate of up to $3 million.
Two additional Mughal masterpieces will also feature in the sale. One is a multi-gem necklace set with four Colombian emeralds totaling nearly 800 carats, expected to fetch up to $3 million. The other is a remarkable necklace strung with over 2,000 carats of spinel and natural pearls, with eight stones engraved with the names of influential rulers including Delhi Sultan Muhammad ibn Tughluq, Mughal emperors Babur, Jahangir, and Shah Jahan. That piece is estimated to sell for as much as $2 million.
These jewels will be presented alongside the personal collection of philanthropist Anne Hendricks Bass, which includes 26 pieces from esteemed design houses such as Van Cleef & Arpels, Bulgari, Cartier, and JAR. A standout from this collection is a pair of Van Cleef & Arpels diamond pendant earrings, estimated at up to $1.8 million, and a JAR sapphire, emerald, and diamond necklace, valued at up to $300,000.
Also featured in the auction is a group of nine Van Cleef & Arpels Mystery-Set jewels from the collection of philanthropist Lucille Coleman, described by Christie’s as a “significant” highlight of the sale.
With its blend of historical depth and iconic 20th-century design, the June auction promises to be one of the most compelling jewelry events of the year.
International News
Sarine Posts $3.49 Mn H1 Loss As LGD Pressure Market
The Company Attributed The Latest Deficit Primarily To Higher Operating Expenses, Which Increased About 25% From A Year Earlier, Competition From Lab-Grown Diamonds and Weak Luxury Demand
Sarine Technologies Ltd. reported a net loss of $3.49 million for the first half of 2026, as competition from lab-grown diamonds and weak luxury demand in key markets continued to weigh on the diamond industry.
The Israel-based diamond-technology company said it expects market conditions to remain challenging, although anecdotal reports indicate that retail demand for natural diamonds has remained relatively stable.
Sarine’s loss for the six months ended June 30 compared with a $3.7 million loss in the second half of 2025 and a $166,000 loss in the first half of last year.
The company attributed the latest deficit primarily to higher operating expenses, which increased about 25% from a year earlier. Nearly half of that increase was linked to the impact of a weaker U.S. dollar against the Israeli shekel.
The natural-diamond polishing sector continued to face pressure from lab-grown diamonds, particularly in the U.S., while subdued luxury spending in China added to the strain. Sarine said those conditions hurt sales of capital equipment and some of its traditional services.
Some parts of the business, however, showed stronger momentum. Revenue from Sarine’s Most Valuable Plan, or MVP, more than doubled in the first half as diamond manufacturers increasingly adopted artificial-intelligence-driven planning tools to improve yields and reduce production costs.
Certification activity at GCAL, in which Sarine acquired a 70% stake in 2023, also increased more than 50%. The growth helped cushion weaker sales of capital equipment and lower volumes from the company’s Galaxy scanning business.
Revenue declined 6% year over year to $14.41 million, while the operating loss stood at about $2.2 million.
The results underscore the uneven impact of the diamond market’s structural shifts on technology providers. While traditional equipment and services remain exposed to pressure on natural-diamond manufacturing, demand for technologies that improve efficiency and reduce costs is gaining traction as manufacturers contend with tighter margins.
Sarine Posts $3.49 Mn H1 Loss As LGD Pressure Market
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Gargi By P N Gadgil & Sons Unveils Rakhi Collection 2026: Over 1,000 Silver Designs, A Kids’ Character Range and 9kt Gold Gifting For Sisters
Sarine Posts $3.49 Mn H1 Loss As LGD Pressure Market
This Raksha Bandhan, Turn A Timeless Bond Into A Keepsake With Palmonas
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National News2 hours agoGargi By P N Gadgil & Sons Unveils Rakhi Collection 2026: Over 1,000 Silver Designs, A Kids’ Character Range and 9kt Gold Gifting For Sisters
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International News2 hours agoSarine Posts $3.49 Mn H1 Loss As LGD Pressure Market
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National News2 hours agoThis Raksha Bandhan, Turn A Timeless Bond Into A Keepsake With Palmonas
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