Connect with us

International News

Marie Antoinette’s Pink Diamond Shatters Records at Christie’s $87.7M Magnificent Jewels Sale

Published

on

A rare pink diamond with ties to Marie Antoinette stole the spotlight at Christie’s Magnificent Jewels auction on June 17, leading the sale to a record-breaking total of $87.7 million — the highest ever for a various-owner jewelry auction at Christie’s in the Americas.

The top lot was a JAR ring featuring the Marie-Thérèse Pink Diamond, a 10.38-carat, kite-shaped fancy-purple-pink stone believed to date back to the 18th century. Allegedly part of the jewels the French queen entrusted to her hairdresser during her ill-fated 1791 escape attempt, the diamond was later passed down through the royal family.

Estimated at $7 million, the historic gem fetched $14 million, doubling expectations and setting two world auction records — one for a JAR creation and another for a fancy-purple-pink diamond.

“This season’s results highlight the tremendous demand for jewels of exceptional rarity, provenance, and craftsmanship,” said Rahul Kadakia, international head of jewelry at Christie’s. “Private collections and superb jewels were met with enthusiastic and competitive bidding.”

Auction Highlights: From Royal Provenance to Record Sapphires

The sale included notable private collections, such as those of Anne Hendricks Bass and Lucille Coleman, and featured three Mughal-era treasures from a royal archive. In total, every single lot sold, marking a second white-glove result for Christie’s this year — the first being its Geneva sale that garnered $72.4 million.

Top 10 Highlights:

  • The Blue Belle Necklace, showcasing a 392.52-carat Ceylon sapphire discovered in 1926 and once intended for Queen Elizabeth (Queen Mother), achieved $11.3 million, near the high end of its estimate.
  • Mughal Emerald Necklace #1: Featuring five Colombian emeralds (470 to 106.5 carats), it soared past its $3 million high estimate to $6.2 million.
  • Mughal Emerald Necklace #2: Centered around a 297-carat emerald duo with spinels, rubies, and pearls, it brought in $5.6 million, nearly doubling its estimate.
  • A 66.74-carat unmounted round brilliant-cut D-color, VVS1 diamond sold within range at $3.8 million.
  • The third Mughal jewel, a three-strand necklace of spinel beads and natural pearls, achieved $3 million, well above its $2 million estimate.
  • A Harry Winston necklace featuring a 17.50-carat pear brilliant-cut D-color, VVS1 diamond among others smashed its $1.8 million estimate to reach $2.4 million.
  • A necklace with a 25.45-carat D-flawless diamond pendant sold for $2.3 million, just above its expected range.
  • Van Cleef & Arpels pendant earrings, set with 11.93- and 11.83-carat D-color diamonds, brought in $2 million, exceeding their $1.8 million high estimate.
  • A Harry Winston ring featuring a 23.26-carat emerald-cut D-color, internally flawless diamond closed at $1.8 million, slightly above the top estimate.

 

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

International News

Precious Metals Find Support On Ceasefire Optimism AUGMONT BULLION REPORT

Gold Is Trading At Y Oversold Levels Near The Critical Support Zone Of $4,300, Silver Testing Key Support In The $66–$67 Range

Published

on

  • Price Movement – Gold and silver are consolidating near key support levels as markets digest a fragile Israel-Iran ceasefire alongside mounting concerns over inflation and the prospect of further interest rate hikes.
  • Geopolitical Developments – President Trump confirmed that both parties are pursuing an immediate ceasefire, with final negotiations advancing. Israel and Iran announced a mutual halt to hostilities following a direct appeal from Washington. However, Tehran cautioned that it reserves the right to resume strikes if Israeli operations against Hezbollah in Lebanon continue.
  • Macro-economic Signals – CME FedWatch data shows markets now pricing a greater than 70% probability of a Fed rate hike by December. Investors are closely watching May’s U.S. CPI and PPI releases, due Wednesday, for clearer signals on the Fed’s policy trajectory. The European Central Bank is also widely expected to deliver a rate increase this week.

Technical Triggers    

  • Gold is currently trading at deeply oversold levels near the critical support zone of $4,300 (approximately Rs. 1,54,000). A technical rebound of 3–4% is anticipated from current levels, driven by bottom-fishing activity. However, a sustained break below this support would shift the near-term bias decisively lower, exposing the $4,000–$4,100 range (approximately Rs. 1,50,000–Rs. 1,51,500) as the next downside target.
  • Silver is similarly oversold, testing key support in the $66–$67 range (approximately Rs. 2,40,000–Rs. 2,42,000). As with gold, a 3–4% technical recovery is the base case on dip-buying, but a confirmed sustainability below this support would accelerate selling pressure toward $60 (approximately Rs. 2,20,000) in the short term.

Support and Resistance

International Gold Support Level
International Gold Resistance Level 
Domestic Gold Support Level
Domestic Gold Resistance Level
: $4300/oz
: $4500/oz
: Rs 154,000/10 gm
: Rs 160,000/10 gm
International Silver Support Level
International Silver Resistance Level  
Domestic Silver Support Level
Domestic Silver Resistance Level
: $66/oz
: $75/oz  
: Rs 240,000/kg
: Rs 260,000/kg

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x