Gary Roskin Interviews Maurice Galli

Image courtesy of Harry Winston

The career of a renowned jewelry designer and his relationship with the world famous Hope Diamond is the subject of a story on The Roskin Gem News Report.

Maurice Galli, 81, a professor of jewelry design, author and longtime senior designer for Harry Winston, Inc., has an illustrious career but there was one glaring hole in his résumé. Even though he has been employed at Harry Winston for more than 50 years and was mentored the company’s founder, Harry Winston, he never had the chance to design a piece of jewelry for the Hope Diamond, the famous blue diamond that was donated to the Smithsonian by Mr. Winston. Needless to say this has changed.

The story is told by Gary Roskin, who is no slouch himself in the world of precious gems. He is one of the world’s leading gemologists as well as a longtime educator and writer. Nearly a year ago, he was given access to the back room of the Smithsonian National Museum of Natural History Hall of Geology, Gems, and Minerals while 10 gem experts documented and examined the Hope and Wittelsbach-Graff blue diamonds, the two most famous blue diamonds in the world, to try to determine whether they were ever related. He has been writing about the event and its findings in a series of stories on his website. The Galli story is part of this ongoing series.

10.6-Carat Fancy Blue Diamond Has an Asking Price of $9.8 Million

The "Royal Blue" diamond

A 10.6-carat fancy blue diamond known as the “Royal Blue” is available through M.S. Rau Antiques in New Orleans. The asking price is $9.8 million.
 
Blue diamonds are among the rarest in the world so it seems unusual that this cut-corned, modified brilliant cut gem is the second significant blue diamond to appear on sale in August. A week earlier, Sotheby’s Hong Kong announced that it is offering a 7.59-carat round fancy vivid blue diamond that is estimated to fetch $19 million.

This stone has a VVS1 clarity grade, notable for having “very, very slight” inclusions, according to the report from the Gemological Institute of America. It is one step away from being graded as “internally flawless” under the GIA scale. The chemical that creates the blue in diamonds is boron, which this gem has.

The diamond is set on a platinum and rose gold ring surrounded by vivid pink and colorless diamonds.

Fewer than 0.3 percent of all colored diamonds graded by GIA were predominately blue. Gem expert and dealer Robert Procop, also the co-designer of Style of Jolie jewels with Angelina Jolie, knows as much as anyone when it comes to the rarity and historical significance of these gems.

“Blue diamonds are rarely discovered and only a few have been found over centuries of mining, making it one of the rarest gems of the world,” he said. “(They) have also been the most gifted by royalty and historical figures making them the most mysterious and precious of jewels. I rarely see a blue diamond that I do not admire.”

Large fancy blue diamonds have been sold for record-breaking figures at auctions and other sales, several have had illustrious provenance through its mine origins and ownership throughout centuries. The most famous blue is the Hope Diamond, last purchased by famed luxury jeweler, Harry Winston, who donated it to the Smithsonian National Museum of Natural History in 1958.

The asking price for the “Royal Blue” ring is more than $924,500 per carat, which seems a bit steep, particularly since it has no known provenance. However, it is only about half of the per-carat price of a 5.30 blue diamond purchased by another famed jeweler, Laurence Graff, at a Bonhams auction in London in April 2013. The final price was $9.6 million or $1.8 million per carat.

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An Afternoon with the Hope and Wittelsbach-Graff Diamonds

Gary Roskin's "Evening with the Blues" presentation at AGTA GemFair

Gary Roskin, one of the world’s leading gemologists as well as a longtime educator and writer, was one of 10 gem experts who examined and photographed the Hope and Wittelsbach-Graff diamonds—the most famous blue diamonds in the world—to determine whether their origins were the same.

The event took place Jan. 21, 2010, inside the “Blue Room” (the outer-room of the gems and minerals vault) of the Smithsonian National Museum of Natural History. Roskin documented the event and has been writing about it on his website, the Roskin Gem News Report, in series titled, “An Evening with the Blues.” More recently, he brought this story to life during a presentation at AGTA GemFair Tucson. Below are seven video excerpts from that presentation.