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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.

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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.

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International News

Qatar launches Qatar Diamond Exchange

The New Exchange Combines Trading, Certification, Vaulting and Customs In One Regulated Ecosystem, Aiming To Attract International Diamond Businesses To Doha.

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Qatar has launched the Qatar Diamond Exchange (QDE), a new marketplace for rough and polished diamonds designed to connect Doha with international trading networks.

The new exchange combines trading, certification, vaulting and customs in one regulated ecosystem, aiming to attract international diamond businesses to Doha.

Developed by the Qatar Free Zones Authority (QFZ), the QDE brings together trading, membership, vaulting, certification, customs and industry services within a single regulated ecosystem. The exchange is designed to connect Doha with international diamond markets while supporting Qatar National Vision 2030 and the country’s broader economic diversification strategy.

Membership is open to diamond traders, manufacturers, cutters, polishers, affiliated service providers and industry bodies. Members receive access to trading licences, independent valuation and assortment services, secure vaulting, specialist insurance, and free-zone incentives including 100% foreign ownership and 0% corporate tax for qualifying businesses.

Looking ahead, the exchange plans to host a calendar of rough and polished diamond tenders that will connect producers across Africa and Asia with buyers in Europe and the Gulf. By combining international regulatory standards with purpose-built infrastructure and investor-friendly policies, Qatar aims to establish Doha as a trusted gateway for the global diamond trade.

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