Now we’ve said goodbye to 2014, perhaps it’s time to reflect on what a great year for the Jewellery industry it was. From headline grabbing coloured diamonds being unearthed (blue ones in particular), to the world’s most complicated watch – the The Supercomplication, made by Patek Philippe, being sold at auction for a whopping 20.6m Swiss francs (£13.4m) , to technology becoming wearable in the form of the iWatch.
- Controversy, as always was abound, with the arguments of diamond grading still raging, to platinum pricing coming into question and those pesky lab grown diamonds still causing a stir, or indeed still no final agreement on what to refer to them as; synthetic, lab grown, engineered, who knows? But one thing that we can all agree on, is that there never is a dull moment.With so many reports to pick from I was spoilt for choice, here are those few that really stood out for me: marked its 175th anniversary with the release of the limited-edition Grandmaster Chime. This was to be the Swiss brand’s most complicated and elaborate timepiece to date. The 18-karat gold wristwatch costs $2.6 million, and features six new watchmaking patents and 20 complications, among them a leap-year cycle, moon phase and second time zone.
- Auction records were broken at different times throughout the year, but the Christie’s sale of a 13 Carat Blue diamond, which garnered a cool $24 Million, really stands out for me. The stone, accompanied by a letter from GIA, said it was the largest fancy vivid blue the lab had ever seen. It was described by jewellery specialist Jean-Marc Lunel as “absolutely pure externally and internally. It is almost a dream.” It was bought by Harry Winston who immediately rechristened it, the Winston Blue.
Photo Credit: The Citizen
- 122.52 Carat Blue Diamond Found at Cullinan dubbed the Big Blue. This hit headlines all around the world. In June a 122.52 ct. blue diamond, the size of a walnut, was discovered at the Cullinan mine in South Africa. This unearthing got everyone excited, not only because it was the size of a paper weight, over 100 cts. But the rarity of Blue diamonds made this a truly significant find.
- Gemfields unveiled a 40-carat ruby from Mozambique. Gemstone miner Gemfields discovered a 40.23-carat ruby–which it has called “one of the most important rubies unearthed in recent times”–at its Montepuez ruby deposit in Mozambique. The coloured gemstone miner, which also owns the largest emerald mine in the world at Kagem in Zambia, said it expected the ruby to be sold at auction in Singapore next month, its second ruby auction of the year.
Photo Credit: Reuters
- Purple Orchid diamond, weighing 3.37cts. and worth $4 million was unveiled in September. After four months of meticulous polishing to bring out its radiant orchid colour – which happend to be the Pantone Colour for 2014 — the cushion-shaped stone went on display to the public for the first time, by Leibish & Co. of Ramat Gan, seat of Israel’s diamond exchange. This particular gemstone came from a mine in South Africa, one of the only mines where purple diamonds can be found in the world. Founder and president Leibish Polnauer. “There are very, very few diamonds on the market above 3 carats with purple as the main colour, which is what makes this exquisite diamond so rare.”
- The Rhino Ruby. By far my favourite story of 2014. The ruby in questions was dubbed the ‘Rhino” for the The Gemfields’ auction of predominantly higher-quality rough rubies from its Montepuez mine in Mozambique, which totalled $43.3 million, a record total for the company which was propelled by the sale of the rare ruby it recently found. At the sale, Gemfields found a buyer for the 40.23-carat rough ruby it had only uncovered a few weeks prior, for an undisclosed amount. To recognize the successful sale of the gemstone, Gemfields said that it will support the anti-rhino-poaching aircraft operated by Game Reserves United by covering a significant portion of its flying costs for the 2015 calendar year.
May I take this opportunity once again to wish you and yours a very Happy fortune filled 2015.