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Colored Diamonds Continue Fetching Pretty Pennies at Auction, Breaking Records

The market has a head of steam behind it.

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It’s a good time for colored gems to be hitting the auction block, writes the Financial Times, which enumerates a few diamonds that have returned hefty sums recently. The article cites the De Beers Millennium blue diamond, which this week sold for $31.8 million – the highest price recorded for a jewel at auction in Asia. Last year, the Blue Moon of Josephine sold for $48.5 million, which stands as the record for any diamond or gemstone.

“Colored diamonds have long been sought after,” Francois Graff, CEO of Graff Diamonds, told FT. “The market began to open up in the 1980s, and in the past five to 10 years that growth has accelerated as more people have become aware of their extreme rarity and appreciative of their unique beauty.”

Read more at the Financial Times

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Wilkerson Testimonials | C. Aaron Peñaloza Jewelers

Wilkerson Paves the Way for the Future

After serving the San Antonio, Texas community for decades, C. Aaron Peñaloza Jewelers closed its doors earlier this year. Aaron and Mary Peñaloza, the store’s owners, chose Wilkerson to handle their retirement sale. “In the first six days, we did six months’ worth of business,” says Aaron. “In the first three weeks, we did a year’s worth of business.” Mary Peñaloza says Wilkerson’s ability to tailor the sale to their store’s requirements really made it all so much easier. “They are professionals,” she says. “They know what they’re doing. They have a plan, but they will listen to you and adjust that plan to your needs.”

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