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
Gold moves up on softer dollar and safe-haven demand; Silver, platinum reach three-week highs
Gold edged higher today, supported by a softer dollar and safe-haven demand. Key events include US-Iran nuclear talks in Geneva and upcoming US jobless claims data. Silver, platinum, and palladium reached three-week highs on Wednesday amid geopolitical tensions and tariff uncertainty.
Spot gold rose 0.5% to $5,195.99 per ounce early Thursday after reaching a three-week high on Tuesday, while US April gold futures dipped 0.2% to $5,213.50. Silver, platinum, and palladium hit three-week peaks on Wednesday, driven by safe-haven buying; platinum reached around $2,307 per ounce, and palladium $1,828, amid supply concerns and tariff risks. Analysts noted re-pricing due to policy uncertainty and a subdued US dollar.
A softer US dollar boosted non-yielding metals like gold. Geopolitical risks from US-Iran nuclear talks in Geneva, focused on uranium enrichment, heightened safe-haven demand, with increased US military presence adding tension. Uncertainty over US tariff policies under President Trump, following court rulings and potential hikes to 15%, fueled volatility across precious metals.
Precious metals face upside from ongoing tariff fog and Middle East tensions, though stronger US data could cap gains. Investors eye jobless claims for Fed rate clues amid elevated prices: gold up 77% yearly, platinum 135%. Indian jewellery markets, sensitive to global trends, may see volatility in silver at Rs.285/gram.
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