Diamond News Archives

(IDEX Online) - Hong Kong's auction houses say gem sales kept booming last year, even though the pandemic forced them to conduct their business online.

 

Christie's, Phillips, Sotheby's and Bonhams all reported record prices in a round-up by the South China Morning Post, although they did not disclose total revenues.

The single most expensive item (pictured) sold at a live auction was was a ring with a 12.11-carat fancy intense blue internally flawless diamond, flanked by white diamonds, which sold for $15.8m at the first post-lockdown sale, in July 2020. The high estimate was $12.25m. 

The price per carat was $1.31m, reflecting what Christie's called "the robust global demand".

A close second for price was a 102.39-carat D-color flawless oval diamond, which sold for $15.6m in an unprecedented single-lot live auction, with no reserve, at Sotheby's. ...

(IDEX Online) - Two raiders fled smashed a jewelers' display case with a nail gun but fled when an employee pulled a gun and fired three shots.

The attempted robbery took place at the Katy Mills Mall, in Katy, Texas, USA, on Friday night.

The suspects - men wearing hoods, masks and gloves - were stuffing merchandise into a duffel bag when the employee started 

They ran off, dropping most of their haul from the bag, together with the nail gun, said police, before driving off in a stolen car. Nobody was hurt in the incident.

CCTV pic shows the suspects...

If the U.S. economy descends into an inflation spiral like that experienced after World War II, we could be on the brink of excruciating economic pain.

A hoard of silver coins minted in the Carolingian Empire about 1,200 years ago has been unearthed in northeastern Poland and may have been part of a historic ransom to save Paris from a Viking invasion.