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
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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