New Yorkโs Diamond District is a glittering maze of possibilitiesโwhere stunning deals and savvy negotiations meet high-pressure sales and hidden risks. Is it a treasure trove for jewelry lovers or a shopping trap for the unprepared? Whether you’re hunting for the perfect engagement ring or a unique custom piece, knowing what to expect can make all the difference. Hereโs what you need to know before stepping onto 47th Street.
Peggy Elias, the visionary founder of JM Gems, renowned for her artistic brilliance, has generously donated a stunning piece of jewelry to support the Arthritis Society Canadaโs 30th Anniversary Celebrity Roast. The 18k rose gold Queen chess piece pendant necklace, adorned with diamonds and sapphires, served as the coveted Raffle Prize at the gala event held on Wednesday, April 17th in Halifax, Nova Scotia, Canada.
On December 6th, Christieโs Rockefeller Center in Manhattan witnessed an extravagant showcase of luxury as the Magnificent Jewels auction unfolded. This event saw fervent bidding both in-person and over the phones, culminating in a remarkable total of $38,135,080. Impressively, 90% of the 152 lots available found buyers. The auction presented an exquisite collection of rare diamonds, significant colored stones, and distinguished jewels from renowned collections.
Until now assessing rough diamonds was an inaccurate subjective process, at best. This, alongย with the difficulty in providing unique identification means, reduced their attractiveness as collateral.ย The DDFF and Sarine’s groundbreaking cooperation utilizes Sarineโs various proven industry leading technologies, including the Galaxyยฎ and DiaExpertยฎ platforms along with the Advisorยฎ andย related software processes, to accurately, objectively and rapidly evaluate rough diamonds, as wellย as uniquely tagging them, with the result being the ability to reliably ascertain the optimally producedย polished diamonds’ potential value, and hence confidently provide financing. The DDFF will applyย Sarineโs technologies to evaluate if the rough diamond is eligible for the requested financing, andย at what level.ย
