World Auction Record per Carat for a Ruby

World Auction Record per Carat for a Ruby

World Auction Record per Carat for a Ruby World Auction Record. Christie’s Hong Kong sale of Magnificent Jewels realised HK$747,894,000 / US$96,904,062, selling 80% by lot and 83% by value. The Crimson Flame, an exceptionally rare Burmese ruby, sold for HK$142 million / US$18 million, setting a world auction record per carat of US$1.2 million. […]

Police Arrest 21 People Over Long-Running Bangkok Gem Scam

Bangkok Gem Scam

Bangkok Gem Scam Bangkok Gem Scam – Police say they have raided several jewelry stores and arrested 21 people in connection with a notorious tourist scam in Bangkok. According to Pol.Lt.Gen. Thitirat Nonghanpitak, commander of the Central Investigation Bureau (CIB), police officers with search warrants raided three gem stores in Dusit district earlier this week and […]

The Royal Opal

The Royal Opal

The Royal Opal Black Opal which was in possesion by Bobby, an australian miner, for 14 years, will make its debut later this month at the Couture show for high-end jewelry at the Wynn Hotel in Las Vegas. It is expected to reach $3 million. Called the Royal One, the 306 carat, gem quality black […]

De Beers lowers prices

Debeers lowers prices

De Beers lowers prices De Beers lowers prices. The difficult profitability in the diamond polished market continues to be the main topic of concern in the industry. Rough prices have been too high for manufacturers to be profitable. The polished has not kept up and as we experienced softening polished prices by a few percent, […]