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Colored Diamonds Continue Fetching Pretty Pennies at Auction, Breaking Records

The market has a head of steam behind it.

Published

8 years ago

April 8, 2016

INSTORE Staff

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

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”