Anmol Jewellers celebrate their 25th anniversary

A grand celebration at the Grand Hyatt marked the 25th anniversary of Anmol Jewellers.

Post By : IJ News Service On 05 April 2011 3:59 PM
Geneva Christie's Jewellery sales in 2004 have shown a substantial improvement over the previous year, with a worldwide sold total of $220.7 million (2003: $157.4 million), representing an increase of 40 per cent. There was a slight lull between 2001 and 2003 when the firm's results fell below the $200 million line.
According to {{Christine Manson}}, Head of public Relations, Christies, this performance is due in part to a general renewed confidence in jewellery as a store of wealth and to the continued mistrust of world's stock markets that have been suffering for several years. Furthermore, there is a scarcity in the market of signed jewels and unusual gemstones, which are the most sought after by international collectors and therefore fetch prices that are stronger than ever ? a trend that is set to continue. Indeed, it is interesting to note that all Christie's main sale centres saw significant increases in turnover, thereby showing that demand for fine jewellery is truly worldwide. %% As the jewellery market strengthened, so did Christie's position as "auctioneers of choice" for jewellery worldwide. In 2004, the firm's share of the market was 58 per cent compared to its principal competitor, up from 57 per cent in 2003, thereby confirming the department's market leadership for the 11th year in a row.
Diamond Prices Continue to Rise
Diamonds were the show stoppers at every Christie's auction worldwide and all of the top prices were diamonds that achieved higher results than the year before. As the prices for "rough material" continue to rise, so do those for polished diamonds sold at auction. Four of the five most expensive jewels sold at Christie's in 2004 were top quality diamonds weighing over 30 carats, sold in Geneva, New York and Hong Kong the highest price being $4,590,000 for a brilliant-cut of 55.92cts, D IF ($82,000 a carat).%% Colored diamonds also made great prices last year, especially since the really rare colors (mainly blue and pink) became more difficult to locate in the open market. Through their network of important diamond cutters and private collectors, Christie's specialists had the opportunity to offer, at the right prices, most of the vivid blue diamonds sold at auction throughout 2004:%% {[ A pair of pear-shaped fancy vivid blue, SI2 diamonds of 5.11 & 1.13cts. that fetched $1.59 million or $255,000 per carat (February, St Moritz) ][A square-cut fancy vivid blue, SI1 diamond of 3.77cts. that realized $1.46 million or $388,000 per carat (April, New York)] [A marquise-cut fancy intense blue, VVS2 diamond of 4.81cts. that sold for $1.33 million or $278,000 per carat (May, Geneva).]}%% An extremely strong rectangular-cut fancy vivid yellow, VVS1 diamond of 10.39cts. was also sold at Christie's in Geneva in November for $1.08 million ($104,000 per carat). However, the most spectacular price achieved was for the rarest colored diamond sold during the entire sale season of 2004, an old mine rectangular-cut fancy light blue-green diamond of 8.66cts. that realized $720,000 or $83,000 per carat at Christie's London in November, according to Ms Manson.
Asia Buoyant:
The Asian market, where Christie's has held a leading position ever since its first sale in 1993, remains buoyant. Collectors from the region paid high prices, particularly for large D flawless and internally flawless diamonds, as well as natural pearls. In addition to the pearl ear-pendants mentioned above, Christie's achieved another record price for a flawless, D color diamond briolette pendant necklace of 31.81cts. that sold for $2.6 million, the highest auction price ever for a colorless diamond briolette.%% As China continues to open up, Beijing and Shanghai have now become regular stopovers during Christie's Asian jewellery exhibition tour. An important development has been the possibility for individual Chinese to obtain visas to travel abroad, whereas they previously could only travel in groups. As a result, there has been a substantial increase in the number of mainland Chinese attending Christie's bi-annual auctions in Hong Kong. So far, they have been mostly active in buying Chinese ceramics and paintings, but the firm's team of local specialists are nurturing a gradual cross-over into jewellery that has already translated into important purchases.%% Specialists are nurturing a gradual cross-over into jewellery that has already translated into important purchases.
The Picasso's of the Jewellery Market
{{Period jewels}} - the new, rare collectible that everyone looks for also performed extremely well. Examples abound in all sale centres and at all price levels, but among the highlights were a rare Art Deco Burmese ruby and diamond necklace by {{Cartier}}, manufactured for an Indian Maharajah, that realized $2.3 million and an emerald and gem-set leaf brooch by JAR that sold for $459,000, both in Geneva.%% But there could be no greater illustration of this trend than the collection of Doris Duke sold at Christie's New York in June. Comprising a stunning selection of signed jewels, from creations by Cartier from the Belle Epoque and Art Deco periods, to others by {{David Webb}} or {{Seamen Schepps}} from the 1940s and 50s, it attracted frantic bidding from collectors worldwide paying up to ten times the estimates printed in the catalog. The top lot was a Belle Epoque diamond and pearl pendant necklace by Cartier which achieved $2.3 million.%% Overall, the Duke collection fetched $12 million, the highest total for any private collection sold at auction in the last eight years.
2005 highlight
Jewellery sales in 2004 have shown a substantial improvement over the previous year, with a worldwide sold total of $220.7 million (2003: $157.4 million), representing an increase of 40 per cent. There was a slight lull between 2001 and 2003 when the firm's results fell below the $200 million line.%% According to Christine Manson, Head of public Relations, Christies, this performance is due in part to a general renewed confidence in jewellery as a store of wealth and to the continued mistrust of world's stock markets that have been suffering for several years. Furthermore, there is a scarcity in the market of signed jewels and unusual gemstones, which are the most sought after by international collectors and therefore fetch prices that are stronger than ever ? a trend that is set to continue. Indeed, it is interesting to note that all Christie's main sale centres saw significant increases in turnover, thereby showing that demand for fine jewellery is truly worldwide. %% As the jewellery market strengthened, so did Christie's position as "auctioneers of choice" for jewellery worldwide. In 2004, the firm's share of the market was 58 per cent compared to its principal competitor, up from 57 per cent in 2003, thereby confirming the department's market leadership for the 11th year in a row.
Diamond Prices Continue to Rise
Diamonds were the show stoppers at every Christie's auction worldwide and all of the top prices were diamonds that achieved higher results than the year before. As the prices for "rough material" continue to rise, so do those for polished diamonds sold at auction. Four of the five most expensive jewels sold at Christie's in 2004 were top quality diamonds weighing over 30 carats, sold in Geneva, New York and Hong Kong the highest price being $4,590,000 for a brilliant-cut of 55.92cts, D IF ($82,000 a carat).%% Colored diamonds also made great prices last year, especially since the really rare colors (mainly blue and pink) became more difficult to locate in the open market. Through their network of important diamond cutters and private collectors, Christie's specialists had the opportunity to offer, at the right prices, most of the vivid blue diamonds sold at auction throughout 2004:%% {[A pair of pear-shaped fancy vivid blue, SI2 diamonds of 5.11 & 1.13cts. that fetched $1.59 million or $255,000 per carat (February, St Moritz) ][A square-cut fancy vivid blue, SI1 diamond of 3.77cts. that realized $1.46 million or $388,000 per carat (April, New York)][A marquise-cut fancy intense blue, VVS2 diamond of 4.81cts. that sold for $1.33 million or $278,000 per carat (May, Geneva).]} An extremely strong rectangular-cut fancy vivid yellow, VVS1 diamond of 10.39cts. was also sold at Christie's in Geneva in November for $1.08 million ($104,000 per carat). However, the most spectacular price achieved was for the rarest colored diamond sold during the entire sale season of 2004, an old mine rectangular-cut fancy light blue-green diamond of 8.66cts. that realized $720,000 or $83,000 per carat at Christie's London in November, according to {{Ms Manson.}}
Asia Buoyant:
The Asian market, where Christie's has held a leading position ever since its first sale in 1993, remains buoyant. Collectors from the region paid high prices, particularly for large D flawless and internally flawless diamonds, as well as natural pearls. In addition to the pearl ear-pendants mentioned above, Christie's achieved another record price for a flawless, D color diamond briolette pendant necklace of 31.81cts. that sold for $2.6 million, the highest auction price ever for a colorless diamond briolette.%% As China continues to open up, Beijing and Shanghai have now become regular stopovers during Christie's Asian jewellery exhibition tour. An important development has been the possibility for individual Chinese to obtain visas to travel abroad, whereas they previously could only travel in groups. As a result, there has been a substantial increase in the number of mainland Chinese attending Christie's bi-annual auctions in Hong Kong. So far, they have been mostly active in buying Chinese ceramics and paintings, but the firm's team of local specialists are nurturing a gradual cross-over into jewellery that has already translated into important purchases.%% Specialists are nurturing a gradual cross-over into jewellery that has already translated into important purchases.
The Picasso's of the Jewellery Market
{{Period jewels}} - the new, rare collectible that everyone looks for also performed extremely well. Examples abound in all sale centres and at all price levels, but among the highlights were a rare Art Deco Burmese ruby and diamond necklace by Cartier, manufactured for an Indian Maharajah, that realized $2.3 million and an emerald and gem-set leaf brooch by JAR that sold for $459,000, both in Geneva.%% But there could be no greater illustration of this trend than the collection of Doris Duke sold at Christie's New York in June. Comprising a stunning selection of signed jewels, from creations by Cartier from the Belle Epoque and Art Deco periods, to others by David Webb or Seamen Schepps from the 1940s and 50s, it attracted frantic bidding from collectors worldwide paying up to ten times the estimates printed in the catalog. The top lot was a Belle Epoque diamond and pearl pendant necklace by Cartier which achieved $2.3 million.%% Overall, the {{Duke collection}} fetched $12 million, the highest total for any private collection sold at auction in the last eight years.%% 6.21cts., a modified rectangular-cut fancy intense orangey-pink diamond ring of 6.82cts. and an extraordinary {{Padparadscha sapphire}} of 20.84cts

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