Jeffrey Daniels Unique Designs and Gem Platinum have been creating amazing designs with Fancy Diamonds for years. However, this May’s sale at Sotheby’s demonstrates two things: First, quality gemstones are in extremely high demand and second, Fancy Diamonds are reaching past the Jewelry Market and into the Collector’s Fine Art Market, a spot previously reserved for the likes of Picasso and Monet.
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At Sotheby’s Geneva May Sale this year, 70% of the lots sold above their hammer estimated prices. There were several stars of the show including a Fancy “Unique Pink” pear shaped diamond that was the largest vivid pink diamond to ever come to auction. This stunning stone weighed in at 15.38 carats, and the sale price of $31.6 million averaging $2,052,094 per carat. Other notable Fancy Diamonds sold this year included the Reza Jewel, a 6.64-carat marquis-shaped Fancy Blue Diamond mounted in a brooch, fetching $13.7 Million, and another Fancy Pink Pendant weighing 18.51 carats that sold for $9.8 Million.
So what does this mean for the jewelry industry?
Or rather, when does Jewelry become Fine Art?
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Jeffery Daniels Unique Designs and Gem Platinum have always used the finest stones placed into breathtaking designs. We strive for perfection and create works of art that show off Fancy Diamonds to their best advantage. Our goal has always been to create heirlooms through our designs and craftsmanship. Our jewelry pieces are individually crafted and no two pieces are ever the same. We strive for timelessness in our designs and we insist on using the highest quality in everything we create.
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Interestingly, the increase in low quality products in the jewelry industry seems to have actually elevated quality pieces like ours into the level of Fine Art. As the prices from this year’s Geneva 2016 May Sale demonstrate, there is increased demand for both quality and Fancy Colored Diamonds and we anticipate this trend to continue.
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