Viewing entries tagged
scott west

L.J. West Diamonds launches the Australian tour of the Scott West jewellery collection in collaboration with Linney’s and Calleija with in-store debuts of the Argyle Violet and Argyle Thea.

The Argyle Violet, a 2.83 carat Fancy Deep Greyish Bluish Violet diamond

The Argyle Violet, a 2.83 carat Fancy Deep Greyish Bluish Violet diamond

Thursday, October 12, 2017: New York. – Scott West by L.J. West Diamonds announces the Australian Pink Diamond Tour for the month of October to debut the largest collection of exquisite fancy coloured diamonds and diamond jewellery ever publicly exhibited in the Southern Hemisphere and will make its international debut at luxury jewellers Linneys Perth & Calleija Marina Mirage, Main Beach, Gold Coast, Australia. The first stop will be in Western Australia at Linneys Crown Metropol showroom, the collection will be unveiled for the very first time from 13 – 15 October, before traveling to Sydney for private viewings and to Calleija’s Gold Coast location.

Featuring the finest coloured diamonds from the Argyle diamond mine and across the globe, this exclusive showcase represents rarity never before seen. Its presence in Perth, Sydney and Gold coast places Australia firmly on the map of fine jewellery destinations.

The collection includes more than 60 fine jewellery pieces and important fancy coloured diamonds. The Argyle Violet™, an incredible gem, which was the Hero stone of the 2016 Argyle Tender, is the highlight of the collection. The Argyle Violet, a 2.83 carat Fancy Deep Greyish Bluish Violet diamond recovered from Rio Tinto’s Argyle mine in the east Kimberley region of Western Australia, is now in a stunning piece of jewellery surrounded by vivid pink diamonds fresh off it’s exhibition at the Museum of Natural History in Los Angeles.

The collection also features the Argyle Thea™, a 2.24ct Fancy Vivid Purplish Pink diamond which was a signature diamond from the 2016 Tender now set in a classical platinum ring designed by Scott West.

Linneys Director David Fardon commented “We are delighted to present such a significant collection of coloured diamond jewellery to our clients and this is the first time in Australia we have seen a jewellery collection valued in excess of $100 million.” The rare pink diamonds from Argyle are highly collectable and have continued to appreciate as the mine moves closer to the end of its mine life.

Scott West, Vice President of L.J. West Diamonds comments “After nearly 30 years of collecting rare and exotic colour diamonds, we are deeply honoured to bring home the largest collection of Argyle pink diamonds from North America to Australia in a grand showcase along with some of the most prestigious colours in all of colour diamonds.”

For further information contact:

Gino Di Geso
Director of Marketing
gino@ljwestdiamonds.com
O. 212-997-0940
LJ West Diamonds, Inc

Argyle Thea™, a 2.24ct Fancy Vivid Purplish Pink diamond

Argyle Thea™, a 2.24ct Fancy Vivid Purplish Pink diamond

Historical color diamonds sold at auction - Christies

Historical color diamonds sold at auction

14.62 carats, the breathtaking Oppenheimer Blue vivid diamond. Image courtesy of Christie’s

14.62 carats, the breathtaking Oppenheimer Blue vivid diamond. Image courtesy of Christie’s

The Oppenheimer Blue became the most expensive gemstone ever sold at auction in 2016.

At 14.62 carats, the breathtaking Oppenheimer Blue — named after Sir Philip Oppenheimer of De Beers fame — is the largest Fancy Vivid Blue ever to come to auction. It is the latest in a line of historic blue diamonds to have been auctioned at Christie’s which includes the Tereshchenko in 1984 and the Wittelsbach Blue in 2008.

François Curiel, Chairman of Christie's Asia Pacific and China, observes: ‘Blue diamonds have gained a wider following, not only because they are stunning, but because there are so few of them available in the world. The Oppenheimer Blue is one of the rarest gems in the world. It is the gem of gems.’

The Perfect Pink - Image courtesy of Christie’s

The Perfect Pink - Image courtesy of Christie’s

The Perfect Pink. A superb coloured diamond and diamond ring. Set with a rectangular-shaped fancy intense pink diamond weighing 14.23 carats, flanked on either side by a rectangular-shaped diamond weighing 1.73 and 1.67 carats, mounted in 18k rose and white gold. Sold for: HK$179,860,000 ($23,274,064) on 29 November 2010 at Christie’s in Hong Kong

Since they were first discovered in India, pink diamonds have been considered among the most beautiful of gemstones. At 14.23 carats, The Perfect Pink is particularly rare, with polished pink diamonds of its size and colour virtually unheard of — fewer than 10 per cent of all pink diamonds weigh more than 0.20 carats.

While most pink diamonds show some elements of purple, orange or grey, The Perfect Pink is just that, showing absolutely no trace of secondary colour. Completely devoid of inclusions, the diamond was sold in Hong Kong in 2010 for $23,274,064.

Image courtesy of Christie’s

Image courtesy of Christie’s

This exceptional gem possesses a soft cushion-shaped silhouette with modified cutting style, and is a sensational example of a Fancy Vivid Yellow diamond. Simply set as a ring within a streamlined yellow gold setting, the Fancy Vivid Yellow diamond requires no further ornamentation. To find a stone of approximately 75.56 carats graded a Fancy Vivid Yellow by the GIA is a rare occurrence in today’s marketplace.

Image courtesy of Christie’s

Image courtesy of Christie’s

When it was auctioned in 2013, The Orange was the largest Fancy Vivid Orange diamond ever to have been discovered, weighing approximately 14.82 carats. The GIA commented: ‘In the laboratory’s experience, strongly coloured diamonds in the orange hue range rarely exceed three of four carats in size when polished. This diamond is almost four times larger.’

Termed ‘fire diamonds’ by famous gemologist Edwin Streeter, pure orange diamonds remain incredibly rare, with so few having been graded that the exact cause of their colour remains a mystery. The diamond’s unique nature was reflected in its price, selling for $35,543,804 — more than $15 million above its high estimate.

Image courtesy of Christie’s

Image courtesy of Christie’s

Sold in Geneva on 10 November 2015, this cushion-shaped Fancy Vivid Pink diamond is the largest of its kind ever to come to auction, weighing in at 16.08 carats. The stone is set in a ring, and is surrounded by a double row of pavé white diamonds, a third row of small pink diamonds nestled underneath.

‘As large and rare coloured diamonds of this calibre become increasingly hard to locate, this 16.08 carat Fancy Vivid Pink diamond comes to market at a time when great gems are mirroring prices achieved for masterpieces in the world of fine art,’ comments Kadakia. Awarded to just one in 100,000 diamonds, the ‘Fancy Vivid’ status is exceptionally rare, reflecting the depth of the diamond’s straight pink hue.

Image courtesy of Christie’s

Image courtesy of Christie’s

Weighing in at 13.22 carats, The Blue was sold as the largest Flawless Fancy Vivid Blue diamond in the world. Set in a ring, the pear-shaped stone came flanked by two pear-shaped white diamonds, weighing approximately 1.00 and 0.96 carats. It was purchased by Harry Winston in Geneva in 2014 for a sum equating to just over $24 million.

Credit - Christies

Sotheby's sells pink, blue diamond earrings for about $51M

ABC News - Sotheby's sold a pair of pear-shaped diamond earrings at a hammer price of about $51 million Tuesday, though the 14.54-carat flawless Fancy Vivid Blue diamond that was the auction's highlight fell short of the expected range.

Sold as separate lots, the "Apollo Blue" and "Artemis Pink" diamonds together cracked the low end of the expected range of $50 million to $70 million, but were a record for earrings sold at auction, Sotheby's said.

The earrings were the standout offerings at a Geneva auction of nearly 400 pieces of jewelry that reaped more than $150 million altogether.

At the hammer price, excluding fees, the Apollo Blue — the largest internally flawless Fancy Vivid Blue ever sold at auction — went for 37 million Swiss francs ($37.5 million), Sotheby's said. The total cost was $42.1 million, including the "buyer's premium."

Auctioneer David Bennett, chairman of Sotheby's international jewelry division, called that a "very healthy price."

The matching, 16-carat pink diamond went for a hammer price of about $13.5 million. Overall, the pair went for a total, including fees, of more than $57 million.

Bennett declined to identify the buyer who snapped up both lots, but the auction house did say the buyer was renaming the gems as "The Memory of Autumn Leaves" for the blue diamond earring and "The Dream of Autumn Leaves" for its pink sister.

A Sotheby's employee displays the Apollo blue diamond and the Artemis pink diamond earrings during a preview at the Sotheby's, in Geneva, Switzerland. Sotheby's sold a pair of pear-shaped diamond earrings at a hammer price of about $51 million Tuesday, May 16, 2017, though the 14.54-carat flawless Fancy Vivid Blue diamond that was the auction's highlight fell short of the expected range.   Image courtesy of Sotheby’s

A Sotheby's employee displays the Apollo blue diamond and the Artemis pink diamond earrings during a preview at the Sotheby's, in Geneva, Switzerland. Sotheby's sold a pair of pear-shaped diamond earrings at a hammer price of about $51 million Tuesday, May 16, 2017, though the 14.54-carat flawless Fancy Vivid Blue diamond that was the auction's highlight fell short of the expected range.

Image courtesy of Sotheby’s

Chong Hing jewelry display 14 million yuan pink diamond

From the New York Choi Wan West family to provide the balance of more than 40 diamond jewelry at the weekend in San Gabriel Changxing jewelry watches and clocks gold line display. From left to right: jewelry family Gino Di Geso, Scott West, Changxing Jewelry Executive Director Valerie Lee, founder Lee Yu Miao Ling, Paul Sterman, diamond expert Aaron Celestian. (Reporter Yang Qing / photography)

From the New York Choi Wan West family to provide the balance of more than 40 diamond jewelry at the weekend in San Gabriel Changxing jewelry watches and clocks gold line display. From left to right: jewelry family Gino Di Geso, Scott West, Changxing Jewelry Executive Director Valerie Lee, founder Lee Yu Miao Ling, Paul Sterman, diamond expert Aaron Celestian. (Reporter Yang Qing / photography)

Reporter Yang Qing / San Gabriel City reported

December 17, 2016, 8:32 pm

More than 40 pieces of priceless diamond jewelry in the weekend in San Gabriel Changxing jewelry watches and clocks gold line display, so that the Southern California Chinese community Christmas and New Year shine. One of the top Zhenhan pink diamond ring up to 14 million yuan, a rare.

"The reason why the Southern California Chinese community chose to display these top treasures, because the Chinese people know a lot of goods," from New York's third generation descendant of the jewelry family Scott West, 50 years ago, we know the diamond is usually pink And blue, and now hope to all the world's top diamond, are introduced to the Chinese community.

The 3000 family of diamond jewelry offered by the West family will be on display at the Los Angeles County Museum of Natural History from this weekend until March 2017. Aaron Celestian, deputy curator of the museum, said the Natural History Museum held very few diamond exhibition, this is the largest diamond exhibition in recent years. The last diamond exhibition in 2014, "was only a diamond jewelry display."

Celestian, who works on diamonds and jewels, says that 99% of the museum's diamonds are white, because white is the most traditional and likable. "But it's not the color diamonds that are not popular, It is too rare and rare, very difficult to find.

Yellow, pink, blue, green, red, purple, orange and other colors, including yellow diamonds are often experts called "very rare"; powder , Blue and green diamond as "extremely rare"; red, purple and orange drill for the "top Jane Han."

Celestian said that the color of diamonds is usually divided into light color, color, rich color and brilliant color four levels, the heavier the color, the more valuable. "Celestian said," color diamond jewelry color, two look at the size of three to see cut. He explained that the natural color diamond is precious, because very rare, the production environment at least a few miles below the surface, but also requires very special temperature and light conditions.

Changxing Jewelry gold line, said that although this rare diamond display only two days, but Changxing CEO Valerie Lee as a license gem identification division, ready to provide gemstone identification for the public. At the same time, Changxing also have these top diamonds of the drawings and description, ready to help interested people back to the real parts, so that buyers see.

Article courtesy of World Journal

The Company that Bought the Violet Diamond

By Michelle Graff - National Jeweler

So is violet the rarest hue of diamond there is? “There’s no question about it,” said Larry West of L.J. West Diamonds, the company that placed the winning bid on this 2.83-carat violet diamond from the 2016 Argyle tender.

New York--It’s the biggest violet diamond ever found at Australia’s Argyle Mine, and it now belongs to a New York company that’s been in the colored diamond business for nearly 40 years.

L.J. West Diamonds Inc. placed the winning bid on the 2.83-carat “Argyle Violet,” the centerpiece of this year’s Argyle Pink Diamonds Tender, Rio Tinto’s annual sale of the top diamonds to come out of its Argyle mine.

Company President Larry West said the Violet, a diamond that generated a lot of interest and excitement, was a stone he “really wanted to possess.”

“There’s such a huge disparity between this size and the next biggest violet stone that’s ever come out of the (Argyle) mine,” he said, referencing the 1.41-carat Ocean Seer from the 2008 tender. “It’s such a rarity that I felt it was worth bidding on.”

West is not saying how much he paid for the stone, which is being set in a ring and surrounded by smaller Argyle pinks, though he did reveal that it will be available to purchase next year.

But he won’t be taking the violet diamond to Christie’s or Sotheby’s to sell it.

Rather, L.J. West Diamonds will offer the Argyle Violet through its network of retail partners after it is featured in the “Diamonds: Rare Brilliance” exhibition slated to run from December to March 2017 at the Natural History Museum of Los Angeles County.

“I am glad to have it shown,” West said of the violet’s inclusion in the exhibition. “It’s so rare. Nobody’s ever seen stones like this, and I think it’s important for them to be out there in the public domain. It makes it more real for people; it’s not just a story.”

This year, a total of 63 pink, red and violet diamonds--collectively dubbed “The Chroma Collection”-- comprised the Argyle tender, which was 100 percent sold by lot.

Collectively, the stones represented the highest quality, size and color composition in the tender’s 32-year history and, consequently, achieved the highest average price per carat ever.

Beyond L.J. West Diamonds, Rio Tinto did not reveal the names of any companies that purchased a diamond from the tender, nor did it share prices.

Read the full article here

Blue Belles

Joyce Kauf of Rapaport Magazine

Blue diamonds have been stealing the spotlight as prices skyrocket.

Blue Diamonds have become celebrities on the auction scene with all the attendant fame. The fan fare continues this month with an 8.01-carat fancy vivid blue diamond ring by Cartier, named The Sky Blue Diamond, set to be auctioned at Sotheby’s Geneva. But what accounts for the soaring interest and stratospheric prices that these diamonds command in today’s market? From gemologists to diamond brokers to the heads of jewelry sales at the two major auction houses and an industry expert, the answer can be summed up in two words: extremely rare.

A rare Natural Intense Blue Diamond set in a white diamond necklace by Scott West by L.J. West Diamonds

A rare Natural Intense Blue Diamond set in a white diamond necklace by Scott West by L.J. West Diamonds

“more and more people are discovering the beauty of a blue diamond,”
— Larry West

“There is so much more buzz now. There is more awareness of how rare these diamonds are,”explains Larry West,president of L.J.West Diamonds, a color diamond specialist based in New York City. “Previously, information about these exotic stones was only available to the most involved collectors.But now there are more discussions within the high-end jewelry trade.”And while collectors might consider a blue diamond the ultimate investment, “more and more people are discovering the beauty of a blue diamond,” says West, who admits to being“passionate”about these diamonds.

“Perhaps one in 10,000 exhibits any color. A diamond with any evidence of blue color—even if the color is very faint—is less than one-tenth of 1 percent of what would be mined in one year.” Historically, some blue diamonds were discovered in the Golconda region in India; the Hope Diamond has been traced to that area.However, the only source to produce a very small but consistent supply of blue diamonds is the Cullinan Mine in South Africa,owned by Petra Diamonds.

 

 


 

The world of Natural Color Diamonds

For fancy-color diamonds, color far surpasses the other “Cs” (clarity, cut, and carat weight) when establishing value. Therefore, it is critical to understand color appearances and how they affect color grades and descriptions. While everyone thinks they understand color, for most it is an intuitive response rather than a true knowledge of the ordering of color appearances.

Color is described using three attributes:

  • Hue (the aspect that permits an object to be classified as red, green, blue, violet, or anything in between)

  • Tone (the relative lightness or darkness)

  • Saturation (the relative strength or weakness)

The color appearance of a gem is the result of a combination of these three attributes. The Gemological Institute of America (GIA) system for color grading colored diamonds uses 27 hues, which are indicated on the hue circle chart. Some of these 27 hue names include modifiers, such as purplish pink. (See below)

A modifier in a hue name (such as yellowish green or orangy yellow) does not mean a lack of purity in the color.

For color grading, colored diamonds are placed face- up in a grooved, matte-white, non-fluorescent plastic tray within a controlled environment —a viewing box that eliminates visual distractions and shields external light. GIA also requires a standard geometry between the diamond, the light source, and the observer. The light source is positioned directly above the diamond, and the observer views it approximately perpendicular to the table facet.

The GIA grading terminology uses a combination of fancy grades and color descriptions to identify a colored diamond’s characteristic color. A fancy grade represents the combined effect of tone and saturation on the color of a diamond. These grades correspond to regions of tone and saturation in color space and vary by hue, since different colors reach their highest saturation at different levels. The color descriptions accompanying a fancy grade are determined by the hue, and by the tone and saturation of the hue. In each instance, the fancy grades and color descriptions represent a range of color appearances.