Connect with us

Headlines

Most Valuable Diamond Ever Found in U.S. to Hit Auction Block

mm

Published

on

It was cut and polished to perfection.

Following a three-month tour of the United States, the 4.6 carat Esperanza diamond will go to auction, according to Pursuitist. The report says that, after 130 hours of cutting and polishing the diamond were invested, it’s the most valuable ever discovered in the U.S. at an estimated worth of $1 million. “This unique gem features a 147 facet, teardrop cut triolette shape (the first of its kind) and is both internally flawless and a “D” color – truly the best of the best.”

Read more at Pursuitist

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

A Packed Store Like the Day Before Christmas? Wilkerson Makes It Happen

Deb Schulman says once she and her husband, Ron, decided to retire, she could feel “the stress start to leave.” The owners of B. Alsohns Jewelers in Palm Desert, California, the Schulmans had heard about Wilkerson over the years and contacted them when the time was right. Wilkerson provided the personalized service, experience and manpower it took to organize their GOB sale. “We are so impressed with the way Wilkerson performed for us,” says Ron Schulman, “I’d send high accolades to anyone who was interested.”

Promoted Headlines

Headlines

Video: Jewelry Store Owner Hits Robbers With Jars of Pickles

3 suspects have been arrested.

mm

Published

on

A jeweler in Sandy Springs, GA, fought off robbers by using pickle jars, the Atlanta Journal-Constitution reports.

The owner and witnesses managed to subdue two suspects, holiding them until police arrived on the scene. The robbery happened late Saturday afternoon at a store on Abernathy Road close to Roswell Road, according to the Journal-Constitution.

Police said three people have been arrested: 40-year-old Antonio Collier, 17-year-old Antwan DeKarlos Robinson a 16-year-old suspect. They’re charged with several crimes, including armed robbery as well as battery.

A fourth suspect is being sought.

A witness said that when the robbers entered the store, “they had hammers and were breaking everything and grabbed Rolexes.”

The owner reportedly struck the suspects with a bag of pickle jars, hitting them in the face and head.

Two of the suspects got away, resulting in a police chase and car crash, authorities said. One of the suspects in the car was arrested and the other ran away.

Watch the video:

Continue Reading

Headlines

Jewelry Store Was Going Out of Business … But a Former Employee Had Other Ideas (Video)

Stan and Mary Sherwin operated the store for 40 years but decided to retire.

mm

Published

on

A jewelry store in Atascadero, CA, was about to close for good as its owners retired.

But a former employee had other ideas.

Stan and Mary Sherwin operated K. Jons Diamonds and Gems for 40 years and were set to cease operations in early January, The Tribune reports.

But then Lindsay Jane Chatham, who began working for the store as a teenager and continued for several years, decided to move back to town with her husband, Greg, and take over the business.

“We found out they were retiring, and so many things had to fall into place. It was crazy,” she was quoted saying.

The store will operate as K. Jons Jewelry Co., according to The Tribune.

The Chathams, both of whom are gemologists, will lease the store space from the Sherwins. They’ll keep most of K. Jons’s employees.

One thing they aren’t buying from the Sherwins is inventory. Most of that was purchased in a going-out-of-business sale.

Watch the video:

Continue Reading

Headlines

Louis Vuitton to Sell Jewelry Made From World’s Second-Largest Diamond

The deal follows LVMH’s acquisition of Tiffany & Co.

mm

Published

on

LVMH Sewelo Diamon

LVMH Moet Hennessy Louis Vuitton SE has entered a deal to sell jewelry made from the world’s second-largest diamond, known as the Sewelo diamond.

It’s a 1,758 carat gem that’s the size of a tennis ball.

Lucara Diamond Corp. announced a deal with LVMH and the HB Co., a diamond manufacturer from Antwerp, that will see the diamond cut into pieces and made into Louis Vuitton jewelry.

Bloomberg reports that LVMH “will likely create several extremely high-end pieces  to establish a sense of exclusivity.”

A price tag for the Sewelo has not been revealed. Yahoo Finance notes that it sold for $53 million in 2017.

The acquisition is further evidence of LVMH’s plans to grow its jewelry business, according to Bloomberg. It follows the company’s nearly $16 billion acquisition of Tiffany & Co.

The diamond was recovered from Lucara’s Karowe Diamond Mine in Botswana in April 2019.

According to a press release from Lucara:

Lucara will receive an up front non-material payment for the Sewelô and retain a 50% interest in the individual polished diamonds that result.

Further, 5% of all of the retail sales proceeds generated from this historic collection will be invested directly back into Botswana on community-based initiatives undertaken by Lucara.

Lucara CEO Eira Thomas said, “We are delighted to be partnering with Louis Vuitton, the famous luxury House, to transform the historic, 1,758 carat Sewelô, Botswana’s largest diamond, into a collection of fine jewellery that will commemorate this extraordinary discovery and contribute direct benefits to our local communities of interest in Botswana.”

Continue Reading

Most Popular