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
Kerala Jewellers Account For Approximately 20% Of The Total Gold Trade In UAE:K. Surendran
State President of KGSMA Highlighted The Strong Presence and Growing Economic Impact Of Kerala’s Retail Gold Sector In The Region.
Kerala jewellers account for approximately 20% of the total gold trade in the United Arab Emirates, according to K. Surendran, State President of the Kerala Gold and Silver Merchants Association (KGSMA).
Speaking at the General Body Meeting of the Dubai Kerala Jewellery Association held at the Novotel Hotel in the Dubai Gold District, Surendran highlighted the strong presence and growing economic impact of Kerala’s retail gold sector in the region.
The meeting was presided over by Association President Muneer Thangals, with KGSMA State General Secretary Adv. S. Abdul Nazar delivering the keynote address.
Key discussions during the session focused on:
Business Opportunities: Capitalizing on emerging trends within the UAE gold and jewellery retail landscape.
Industry Challenges: Addressing operational and trade issues faced by Kerala-origin jewellers in Dubai.
Member Welfare: Strengthening support networks and welfare initiatives for trade community members.
The event featured addresses from prominent industry leaders, including Dubai Kerala Jewellers Association General Secretary Mujeeb Rahman Tajvi, Treasurer Shuhaib Zia, KGSMA State Vice President Faisal Amin, Legal Advisor Adv. Abraham P. John, alongside Shameer A.G.D., C.K. Nasi, and Rafeeq Maharaja.
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