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News that made Headlines in 2016 for the Gemstone, Jewelry, Diamond & Mineral Industry
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1) Sotheby's London Autumn Fine Jewels Sale demonstrate the demand for Signed Jewelry of Vintage Value from the 20th-Century
Sotheby's 2016 Autumn Jewelry Sales kicked off on 21st September, 2016, in London, when Sotheby's London successfully held its Fine jewels Sale at its auction house in New Bond Street. 196 out of 258 lots were sold at the auction, working out to a percentage of 76%. Over 70% of these lots sold… |
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2) Christie's Ronald Reagan Auction Part I Realizes US$ 5.7 million
Part I of the Christie's Sale of the Private Collection of President and Mrs. Ronald Reagan, one of the most admired and respected presidents of the United States, held on September 21st and 22nd, 2016, at the New York Rockefeller Plaza, as predicted smashed all estimates, realizing US$ 5.7 million, almost three times… |
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3) Ban on Burmese Gemstones Lifted, Task Force Visits Myanmar- AGTA
October 24, 2016 - Dallas, TX -- Responding to the concerns of its members regarding U.S. sanctions and perceptions of the Myanmar Gem and Jade sectors, the American Gem Trade Association (AGTA) developed a coalition of the U.S. Jewelry Industry to make a scoping mission to Myanmar. This mission was similar to past… |
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4) Highlights of Christie's Magnificent Jewels Geneva November 15, 2016 Auctions
In a press release dated October 20, 2016, Christie's Geneva has announced the holding of its Magnificent Jewels Sale, on November 15, 2016 at 5.00 pm (GMT), at the Four Seasons Hotel des Bergues, Geneva. This Geneva autumn sale promises to be a memorable event for more than one reason. While the auctions… |
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5) Rare 9.14-carat Vivid Pink Dimond Registers Staggering US$18.2 million at Christie's Geneva November 15, 2016, Magnificent Jewels Sale
Christie's Geneva Autumn Magnificent Jewels Sale held on November 15, 2016 at the Four Seasons Hotel des Bergues, Geneva, successfully concluded the company’s 250th anniversary sale season in Geneva with a sale total of CHF 96,860,750/US$97,117,588, selling 82% by value and 77% by lot. Overall the Geneva auctions throughout 2016 achieved a sale… |
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6) UNPRECEDENTED DEMAND FOR RARE COLORED DIAMONDS AT SOTHEBYS GENEVA NOVEMBER 16, 2016 AUTUMN JEWELRY SALES
Sotheby's Geneva November 16, 2016, Magnificent Jewels and Noble Jewels Sale turned out to be the most successful of all the autumn jewelry sales this year coducted by leading auction houses across the world so far, registering not only the highest total sale of CHF 136,734,500 / US$ 136,428,215, but also propelling the… |
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7) NEW BOARD OF DIRECTORS ELECTED FOR YEAR 2017 TO STEER ACTIVITIES OF NCDIA
The New York based Natural Colored Diamond Association (NCDIA), an organization founded in the year 2003, whose stated goal and mission is to train, enlighten and educate the global community about natural color diamonds, has announced the election of its new Board of Directors, who would steer the activities of the association for… |
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8) CHRISTIE'S NOVEMBER 29, 2016 HONG KONG MAGNIFICENT JEWELS AUTUMN SALE REALIZES US$ 79 MILLION
Christie's Hong Kong Magnificent Jewels Autumn Sale held at the Grand Hall of the Hong Kong Convention & Exhibition Center, on November 29, 2016, was a remarkable success realizing total sales of US$79 million, selling 80% by lots and 84% by value, with 35% of the lots exceeding the upper pre-sale estimate. Significantly,… |
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9) GIA Elects New Chairperson to its Board of Governors
The Gemological Institute of America, the world's foremost authority in the field of Gemology, held its annual board and research meetings, at the Institute’s Carlsbad, Calif. headquarters, towards the latter part of November 2016. In a press release dated November 28, 2016, GIA announced the election of Dione Kenyon, as the new chairperson… |
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10) Katherine Bodoh Appointed New CEO of American Gem Society
American Gem Society, an organization dedicated to consumer protection, ethical business practices, and development and maintenance of superior gemological skills and knowledge, founded in 1934, has announced the appointment of their new CEO, Katherine Bodoh, who will succeed the current CEO, Ruth Batson who is retiring. Ms. Katherine Bodoh will assume duties on March 1,… |
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11) STRONG SALES OF MOZAMBICAN RUBIES AT GEMFIELDS SINGAPORE AUCTION
Gemfields Plc, the London-based mining company specializing in the mining , processing and sale of colored gemstones, with major mining interests in Zambia and Mozambique has announced strong sales at its Singapore auction of rough rubies extracted from its Montepuez ruby mine in Mozambique, held from December 12 to 16, 2016, realizing total sales of… |
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12) GIA ANNOUNCES THE ACCEPTANCE OF MELEE DIAMONDS FOR MELEE ANALYSIS SERVICE
Following the success of its automated analysis and color sorting service in repect of melee diamonds, introduced as a pilot program in June 2016, GIA has now announced that its laboratories located in the major gem and jewelry centers around the world, are now prepared to accept diamonds from its clients for Melee… |
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13) $1 MILLION EMERALD SPARKS GREEN FIRE IN RAGO'S DECEMBER JEWELRY AUCTION
Lambertville, NJ: An unenhanced Colombian emerald weighing some 29 carats brought $1,030,000 in Rago's $4.25 million dollar jewelry auction on December 4, 2016. A pear-shaped diamond of approximately equal size, suspended as a pendant, followed closely at a sale price of $850,000. In all, it was an auction in which the flashiest prices were achieved… |
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