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
Precious Metals Hold In Consolidation As US-Iran Tensions Offset Easing Oil Concerns AUGMONT BULLION REPORT
Gold and Silver Remain Under Pressure As Middle East Uncertainty Sustains Investor Caution Around Inflation Risk
- Price movement– Gold and silver remain under pressure as Middle East uncertainty sustains investor caution around inflation risk. The dollar holds firm after renewed US strikes on Iranian targets and signals that a diplomatic resolution may be delayed, undermining expectations of an imminent Strait of Hormuz reopening.
- Geopolitical Developments – US Central Command conducted strikes on missile launch sites and vessels suspected of mine deployment in southern Iran, framing the operations as force protection measures. President Trump acknowledged ongoing diplomatic engagement with Tehran but cautioned that military action could resume if talks collapse.
- Macro-economic Signals – Gold is down nearly 15% and silver nearly 20% since the conflict began, as energy-driven inflation fears reinforced central bank tightening expectations. However, the week’s sharp oil price decline has partially eased inflation concerns and tempered rate hike bets.
Technical Triggers
- Gold is ranging between $4,450–$4,600. RSI at 46 signals neutral momentum; MACD is flat — no directional conviction. Short-term bias leans toward mild consolidation.
- Silver continues to oscillate between $72–$78.50. Range-bound momentum is expected to persist absent a definitive breakthrough in US-Iran negotiations.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4450/oz : $4600/oz : Rs. 157,000/10 gm : Rs. 160,400/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $72/oz : $78.5/oz : Rs. 265,000/kg : Rs. 280,000/kg |
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