Advanced Search

Big Diamonds to Lead Australia Jewelry Auction

Aug 1, 2022 8:24 AM   By Leah Meirovich
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

A 21.13-carat diamond ring will lead Leonard Joel’s upcoming Important Jewels auction, where it is expected to fetch up to AUD 900,000 ($620,362).

The cut-cornered square modified brilliant-cut, K-color, SI2-clarity diamond ring is one of a number of large stones that will feature in the August 16 sale in Sydney, Australia. The auction could garner as much as AUD 8.6 million ($5.9 million) in total, Leonard Joel predicted last week.

Leonard Joel will also offer a cushion modified brilliant-cut, 11.03-carat, I-color, VVS2-clarity diamond ring with a high estimate of AUD 700,000 ($482,504). Meanwhile, a ring bearing a cushion-shaped, 5.29-carat, pigeon’s blood Burmese ruby will feature prominently at the sale. The jewel, which has a frame of 10 brilliant-cut diamonds weighing a total of 2.50 carats, has an upper presale price tag of AUD 900,000.

Other notable items include a pair of ear studs with round brilliant-cut, J-color, SI2-clarity diamonds weighing 5.01 carats each. The set is estimated to bring in up to AUD 260,000 ($179,216). A cushion modified brilliant-cut, 7.01-carat, I-color, SI2-clarity diamond ring carries a presale price of up to AUD 240,000 ($165,430).

Leonard Joel will preview the pieces in Melbourne and Sydney ahead of the auction, it noted. Last year, the company sold an emerald-cut, 20.05-carat, H-color, VVS2-clarity diamond ring for AUD 1.6 million ($1.2 million), making it the most expensive diamond ever sold at auction in Australia, the company added.

Image: The 21.13-carat diamond ring. (Leonard Joel)
Tags: Australia, diamonds, Important Jewels auction, Jewelry, Leah Meirovich, Leonard Joel
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 11, 2022
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.