International News
Ruby necklace nets $657,035 at Sotheby’s auction in Paris
A ruby necklace was the star of a recent Sotheby’s auction in Paris, where it sold for more than double its high estimate. it surpassed its EUR 300,000 ($322,946) top price to bring in EUR 609,600 ($657,035), according to Sotheby’s. In total, the auction garnered EUR 7.2 million ($7.8 million).
The necklace, featuring a cushion-shaped, 3.12-carat, pigeon’s blood Burmese ruby, took the top spot at the March 26 Fine Jewelry sale.
jewelry auctions are more than just events — they play a pivotal role in defining the value of fine diamonds, gemstones, and jewelry. These auctions not only demonstrate resale trends but also offer a fascinating glimpse into the evolving tastes of collectors and investors around the globe.
International News
GJEPC Steps Up UK Outreach Ahead Of IIJS Bharat Premiere 2026
GJEPC Visited Major Jewellery Trading Hubs, Meeting 20+ Jewellery Retailers and Wholesalers Through In-Person Interactions
GJEPC intensified its promotional efforts in the United Kingdom ahead of IIJS Bharat Premiere 2026 through a week-long outreach programme in London that combined direct retailer engagement with the 2nd India-UK Jewellery Buyer-Seller Meet (BSM). The initiative was held from 6 to 10 July 2026 and aimed to attract more UK buyers while strengthening trade ties following the India-UK Free Trade Agreement.
As part of the campaign, Gaurang Vora, Manager, GJEPC, visited major jewellery trading hubs including Green Street, Southall and Wembley, meeting 20+ jewellery retailers and wholesalers through in-person interactions. He promoted IIJS Bharat Premiere 2026, distributed event information and registration details, and gathered market feedback on sourcing requirements and buying trends.
Based on feedback from UK buyers, the 2nd India-UK Jewellery Buyer-Seller Meet generated strong demand for 22-karat gold jewellery, diamond jewellery, lightweight designs, lab-grown diamond jewellery and silver jewellery. Buyers also expressed interest in sourcing from reliable, export-oriented Indian manufacturers and suggested that suppliers offer smaller minimum order quantities to better meet the needs of independent retailers.
The campaign generated new buyer enquiries, strengthened relationships with existing trade partners and provided GJEPC with market intelligence on consumer preferences and sourcing trends. The Council plans to continue engaging with buyers, assist with IIJS Bharat Premiere registrations and facilitate introductions between overseas buyers and Indian manufacturers.
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