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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

Safe-Haven Rally Amid US–Iran Diplomacy and Pre-NFP Caution AUGMONT BULLION REPORT

Gold Continues Its Upside Momentum With Next Target Resistance At $4,800–4,850 (~ Rs. 1,55,000)

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Safe-Haven Dynamics – Gold and Silver have resumed their upward trend, supported by optimism around a potential US–Iran peace deal that is weakening the safe-haven appeal of the USD. Despite ongoing tensions in the Strait of Hormuz, investor sentiment leans toward diplomatic resolution. This has pushed Crude Oil prices lower, reducing inflationary pressure and lowering expectations of a more aggressive Fed stance. 

Geopolitical Developments – Iran has accused the US of breaching the ceasefire through strikes near the Strait. The Trump administration is awaiting Tehran’s formal response to a proposal aimed at reopening Hormuz and resolving the roughly ten-week conflict. Reports suggest Iran will relay its position via Pakistan within two days.

Macro-economic Signals Markets are focused on today’s NFP print, forecast at 62K — a sharp pullback from March’s stronger-than-expected 178K. The Unemployment Rate is projected to hold at 4.3%, while Average Hourly Earnings growth is expected to tick up to 3.8% from 3.5%, keeping wage inflation in focus.

Technical Triggers

  • Gold continues its upside momentum with next target resistance at $4,800–4,850 (~Rs.1,55,000). 
  • Silver has met the $80 (~Rs. 2,60,000) and $82 (~Rs. 2,65,000) upside target. Prices are expected to consolidate here for a while before moving higher towards $85 (~Rs. 2,70,000)

Support and Resistance

International Gold Support Level
International Gold Resistance Level 
Domestic Gold Support Level
Domestic Gold Resistance Level
: $4500/oz
: $4850/oz 
: Rs. 148,000/10 gm
: Rs. 155,000/10 gm
International Silver Support Level
International Silver Resistance Level 
Domestic Silver Support Level
Domestic Silver Resistance Level
: $73/oz
: $85/oz
: Rs. 240,000/kg
: Rs. 270,000/kg
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