05242018Thu
Last updateTue, 22 May 2018 10pm

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“Pink Star” diamond fetches highest price ever for auctioned jewel

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pink diamond

A giant pink diamond has become the most expensive jewel ever sold at auction, fetching $71.2 million at Sotheby's in Hong Kong on Tuesday.

Clocking in at 59.60 carats, the Pink Star was the largest polished diamond ever to go on the auction block. Sotheby's said it was sold to a client who phoned in a bid.

The final price was 553 million Hong Kong dollars, including the buyer's premium, or auction house charge.

This isn't the first time the Pink Star has gone up for sale.


FL jeweler thwarts suspected theft attempt by locking woman in vault

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fl pn boca bungled jewelry heist

Jeweler Vladislav “Bobby” Yampolsky sensed something was wrong about the woman trying to buy more than $6 million in diamonds from his store in Boca Raton.

She claimed to represent a potential diamond buyer, but didn’t carry any tools of the trade to inspect the jewels.

Then she tried to distract Yampolsky several times while the diamonds sat on a table, police said.

Relocation allows for a rare look inside De Beers’s London HQ

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debeers stash

The potential sale of De Beers's London HQ offers a rare glimpse inside the mining giant, from subterranean vaults to a rooftop helipad.

Number 17 Charterhouse Street, a fortress in the heart of London, has been De Beers’s headquarters since 1979, but the street has been its home since the 1930s. At its peak 90 percent of the world’s diamonds passed through this structure. That’s now coming to an end. De Beers’s owner, Anglo American Plc, is leaving the building and moving staff across the capital as part of a wider cost-cutting plan.

An emerald with a history goes to auction

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emerald auctionIn the auction world, there are few things more fascinating than the journey of a gem through the hands of the rich and famous. The Stotesbury Emerald, which will be included in the Sotheby’s Magnificent Jewels sale in New York on April 25, is one such stone.

Crime against U.S. jewelers increases for first year since 2012

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JSA(NEW YORK) - Jewelers’ Security Alliance (JSA) has released its 2016 Annual Crime Report covering crime against the jewelry industry in the United States. The total number of crimes against the industry increased from 1,117 in 2015 to 1,245 in 2016, an increase of 5.8%. Total dollar losses also increased from $69.3 million in 2015 to $72.4 million in 2016, an increase of 4.5%. John Kennedy, president of JSA, said that this was the first yearly crime increase against U.S. jewelers since 2012.

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