International News
Sotheby’s New York to Shine Spotlight on Colored Diamonds in June High Jewelry Auction
Sotheby’s is set to dazzle collectors at its upcoming High Jewelry auction on June 13 in New York, with colored diamonds and iconic designs taking center stage. Leading the sale is a Graff diamond ring featuring a 35.01-carat, emerald-cut, D-color, VVS-clarity diamond, flanked by triangle-shaped diamonds, expected to fetch up to $3 million.
Among the highlights is a selection of colored diamond pieces, including a 5.02-carat fancy-pink diamond ring by Valentin Magro (est. $2 million), and a 2.02-carat fancy-vivid-blue diamond ring by the same designer (est. $1.8 million). A 26.19-carat fancy-vivid-yellow diamond ring, accented with D-color diamonds, is estimated at $1 million.
The auction features several important private collections. From the estate of Emily Vanderbilt Wade, a Marcus & Co. necklace showcasing a 9.60-carat Burmese ruby surrounded by diamonds and rubies is expected to reach $2 million. Another notable collection, Joie de Vivre: A Journey in Jewels, includes 13 sentimental gifts spanning a 60-year marriage, with standout pieces like Graff earrings set with Colombian emeralds and diamonds, estimated at $2.5 million.
Additional highlights include:

- A pair of unmounted pear-shaped, D-flawless diamonds (10.32 and 10.11 carats) with a high estimate of $1.5 million.

- An unmounted 17.05-carat D-color, VVS1-clarity emerald-cut diamond, valued at $700,000 to $900,000.

- A rare 0.47-carat fancy-red diamond, with no reserve and an estimate of up to $700,000.

- A JAR ring with an 8.63-carat Colombian emerald, priced up to $700,000.
The auction will also showcase a group of five Art Nouveau jewels by René Lalique, offering collectors a chance to own a piece of design history.
Sotheby’s continues to attract global interest with this stellar lineup, celebrating rarity, craftsmanship, and storied provenance.
International News
Precious Metals at the Crossroads – Geopolitics, Inflation, and Key Technical Levels AUGMONT BULLION REPORT
Crisis Disrupting Energy Supplies, Pushing Inflation Risks Higher, Increasing The Probability Of Central Bank Interest Rate Hikes
Safe-Haven Dynamics – Gold and Silver prices are consolidating as investors assess the possibility of U.S.-Iran diplomatic talks and the uncertain future of the current ceasefire. Both nations are scheduled for peace negotiations in Islamabad this week. However, the ceasefire came under threat on Monday following the seizure of a cargo vessel, raising doubts about whether talks will proceed as planned.
- Geopolitical Developments– The ongoing Middle East conflict has caused a significant disruption to energy supplies, pushing inflation risks higher and increasing the probability of central bank interest rate hikes — both of which create headwinds for gold prices. Adding to the uncertainty, President Donald Trump indicated he will not extend the truce if no agreement is reached before its deadline, and has stated that the Strait of Hormuz will stay closed until a deal is finalized.
- Macro-economic Signals – Markets are closely watching for clarity on whether the Islamabad talks will proceed, and if so, whether they result in a ceasefire extension or a broader peace agreement. Gold’s price direction will continue to be driven by Middle East outcomes and their downstream effects on energy costs and inflation expectations.
Technical Triggers
- Gold is trading in the range of $4750 (~ Rs 152,500) and $4850 (~Rs 155,000) from past few days. Either side breakout or breakdown will give 3-4% directional move.
- Silver is trading in the range of $78 (~ Rs 248,000) and $81 (~Rs 257,000) from past few days. Either side breakout or breakdown from this band will give 3-4% price swing.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4600/oz : $5000/oz : Rs 153,000/10 gm : Rs 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $75/oz : $82/oz : Rs 235,000/kg : Rs 260,000/kg |
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