Super rare purplish-red diamond sold at a whopping $2.77 million at auction

A finger ring bearing a super rare purplish-red diamond of 1.05 carats on Wednesday set a world record at the famous Christie’s auction in Geneva as it was sold at a whopping price of USD 2.77 million.

The price of the rare rectangular-cut fancy diamond ring of 1.05 carats, established a house and worldwide record of price per carat for a diamond of the specific colour. The stone is mounted on a platinum and gold ring flanked by two heart-shaped diamonds.

Red-coloured diamonds are known to be the most expensive of all diamonds due to their rare occurrence. The reason that brings the colour to red diamonds has been a topic of debate for a long time but several gemologists have attributed it to the presence of the gliding atoms in the structure of the diamond.

A diamond undergoes enormous levels of pressure during its formation which alters its atomic structure imparting a particular colour to the gem.

The 1.05-carat fancy purplish-red diamond with VS2 clarity was bought by Tiara Gems and Jewellery DMCC owned by Dubai-based Indian expat Ashish Vijay Jain.

“The jewelry industry is growing rapidly, becoming more competitive and must be sensitive to consumer sentiment. Amidst the COVID-19 pandemic, there will always be interest for rare stones, which are an investment opportunity,” he said.

Christie’s Magnificent Jewels auction at the Four Season Hotel des Bergues in Geneva featured a curated selection of historic and modern jewellery from all periods as well as the most famous jewellery houses.

What to know about Daniela Rajic’s stunning engagement ring from Paul George

The Lakers may have earned NBA championship rings this year, but Clippers forward Paul George made sure his lady love got a sparkler of her own.

Last week, Daniela Rajic announced her engagement to 30-year-old George, who popped the question against a scenic backdrop with an estimated 3-carat ring, according to WP Diamonds CEO Andrew Brown.

“This ring looks to be a high color 3-carat radiant-cut diamond with a large round halo,” Brown told Page Six Style on Wednesday, adding that its retail value is “likely around $50,000-$55,000.”

On Saturday, Rajic — who shares two daughters with George — thanked loved ones and fans for their well wishes on social media, gushing that she’s “over the moon” about the engagement.

“I want to thank everyone for all the love you’ve shown on our engagement!!!” Rajic posted to her Instagram Story. “I haven’t been able to reply to everyone but it hasn’t gone unnoticed & I appreciate all of you!! I’m over the moon celebrating.”

Rajic continued the celebrations over the weekend, modeling a plunging white one-piece from Nude Swim.

“ISSA FIANCÉE,” she wrote on Instagram.

Prior to his romance with Rajic, George had dated Callie Rivers, the daughter of former Clippers coach Doc Rivers. She is now married to Seth Curry, the younger brother of Golden State Warriors superstar Steph Curry.

Necklace Pendants Market Is Thriving Worldwide

This Global Necklace Pendants Market report offers a detailed view of market opportunity by end user segments, product segments, sales channels, key countries, and import / export dynamics. It details market size & forecast, growth drivers, emerging trends, market opportunities, and investment risks in over various segments in Necklace Pendants industry. It provides a comprehensive understanding of Necklace Pendants market dynamics in both value and volume terms.

The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It covers the entire market with an in-depth study on revenue growth and profitability. The report also delivers on key players along with strategic standpoint pertaining to price and promotion.

Our sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

With an all-round approach for data accumulation, the market scenarios comprise major players, cost and pricing operating in the specific geography/ies. Statistical surveying used are SWOT analysis, PESTLE analysis, predictive analysis, and real-time analytics. Graphs are clearly used to support the data format for clear understanding of facts and figures.

Top Companies in this report includes: Tiffany, Pandora, Swarovski, Monica Vinader, Van Cleef & Arpels, Harry Winston Company, TJC, Gemporia, Ernest Jones, Stauer, GLAMIRA, Bulgari. Major Type included in the report are: Diamond Pendant, Pearl Pendant, Crystal Pendant and Other. Major Applications included in the report are: Decoration, Collection and Others.

About Necklace Pendants Industry

The overviews, SWOT analysis and strategies of each vendor in the Necklace Pendants market provide understanding about the market forces and how those can be exploited to create future opportunities. Important application areas of Necklace Pendants are also assessed on the basis of their performance. Market predictions along with the statistical nuances presented in the report render an insightful view of the Necklace Pendants market. The market study on Global Necklace Pendants Market 2020 report studies present as well as future aspects of the Necklace Pendants Market primarily based upon factors on which the companies participate in the market growth, key trends and segmentation analysis.

Manufacturing Analysis Necklace Pendants Market

Manufacturing process for the Necklace Pendants is studied in this section. It includes through analysis of Key Raw Materials, Key Suppliers of Raw Materials, Price Trend of Key Raw Materials, cost of Raw Materials & Labor Cost, Manufacturing Process Analysis of Necklace Pendants market.

Marketing Strategy Analysis, Distributors/Traders Analysis of Necklace Pendants Market

Various marketing channels like direct and indirect marketing are portrayed in Necklace Pendants market report. Important marketing strategical data, Marketing Channel Development Trend, Pricing Strategy, Market Positioning, Target Client Brand Strategy and Distributors/Traders List.

To understand the global Keyword market dynamics, the market is analyzed across major global regions and countries. Stats and Reports provides customized specific regional and country-wise analysis of the key geographical regions as follows:

North America: USA, Canada, Mexico Latin America: Argentina, Chile, Brazil, Peru, and Rest of Latin America Europe: UK., Germany, Spain, Italy, and Rest of EU Asia-Pacific: India, China, Japan, South Korea, Australia, and Rest of APAC Middle East & Africa: Saudi Arabia, South Africa, U.A.E., and Rest of MEA