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marylin monroe
Showing posts with label Hong Kong. Show all posts
Showing posts with label Hong Kong. Show all posts

16 Hearts and Arrows Diamonds Fetch $2.6 Million at Bonhams


Diamonds, jade and a collection of Marina B jewelry were among the top achievers for Bonhams Fine Jewellery and Jadeite auction in Hong Kong. 

The top lot of the November 26 sale was a collection of flawless hearts and arrows diamonds that sold for more than $2.6 million. The collection of 16 brilliant-cut diamonds classified as D color, flawless, internally flawless attracted “spirited” bidding, according to the auction house. 

Each gem is accompanied by its own report from the Gemological Institute of America. The individual weight of the 16 gems ranged from 1.16 to 4.49 carats for a total carat weight of 39.98. Each gem is accompanied by its own report from the Gemological Institute of America. 

Hearts and Arrows are described as a clearly defined set of eight hearts and eight arrows in a round diamond. “It is a sign of excellent optical symmetry, an important component of cut. As such, its appearance is a very likely a sign of superior cut, but not a guarantee.” 

Other highlights include the following:


* An emerald and diamond cluster ring featuring a cushion-shaped, 10.09-carat emerald surrounded by brilliant cut diamonds that sold for $933,588.


* A highly translucent jadeite bangle of a bright apple green color, suffused with intense green streaks that sold for $670,532. 


* A fine two-strand jadeite bead necklace comprising of 49 and 53 graduated bright emerald green jadeite beads of very good translucency with a cabochon jadeite clasp that sold for $670,532. 


* A collection of jewelry designed by Marina B fetched more than $1.2 million. The top lot was a sapphire and diamond “Amelia” necklace and earring suite by Marina B that sold for $624,111. The articulated necklace is set with 12 cushion shaped sapphires, the largest weighing 15.95 carats, within pear and brilliant-cut diamond surrounds, spaced by marquise and pear-shaped diamonds. It is accompanied by a pair of earrings. Total diamond carat weight is 92.30 and total carat weight of sapphires is 104.81, signed by Marina B. 

Graeme Thompson, director of Jewellery at Bonhams Asia said the sale “is testament to the strength of the Asian market for rare items such the flawless collection of Hearts and Arrows diamonds and the Marina B jewels.”

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Burmese Ruby and Diamond Necklace Highlights Sotheby’s Hong Kong Sale


Burmese rubies, colored diamonds and Cartier jewels led Sotheby’s Hong Kong Fine Jewels and Jadeite sale. 

The top lot was a ruby and diamond necklace with 50.57 carats of unheated “Pigeon’s Blood” Mogok Burmese rubies that sold for $805,128 (top photo). 

The necklace is set with 37 graduated oval rubies, decorated with approximately 42.70 carats of pear-shaped and brilliant-cut diamonds mounted in 18k white and yellow gold. 

Other items of note at the November 28 sale include the following: 


* A 13.88-carat fancy intense yellow diamond and white diamond ring sold for $466,667. The yellow diamond is flanked by two trapeze-shaped diamonds together weighing approximately 3 carats, mounted in platinum and 18k yellow gold.


* A Cartier “Tiger” clip-brooch sold for $451,282, more than double its high estimate of $206,352. Set with brilliant-cut yellow diamonds and diamonds together weighing approximately 9.95 carats, speckled by onyx, embellished by pear-shaped emerald-set eyes, mounted in 18k yellow gold, signed and numbered.


* A 4.79-carat unheated “Pigeon’s Blood” Mogok Burmese ruby and diamond ring by Cartier sold for $435,897. The oval ruby is flanked on each side by a half-moon shaped diamond, decorated by brilliant cut and baguette diamonds together weighing approximately 1.30 carats, mounted in platinum, signed and numbered. 


* Fancy intense yellow diamond and white diamond ear clips that sold for $312,821. Each ear clip has a cut-cornered rectangular modified brilliant-cut fancy intense yellow diamond weighing 6.30 and 6.15 carats respectively, suspended from a pear-shaped and brilliant-cut diamonds weighing a total of 4.45 carats, mounted in platinum and 18k yellow gold.

The 180-lot auction of signed pieces, colored gems and diamonds, modern and vintage pieces, and a charity session to aid Operation Smile China Medical Mission, which provides free surgery to underprivileged children and young adults with cleft lips or cleft palates in China, fetched more than $7.85 million, with 87.2 percent of the items sold by lot and 75.8 percent sold by value. 

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Christie’s Hong Kong Auction Sets Several Records


A pair of round diamonds and emerald ear pendants both set auction records at Christie’s Hong Kong Magnificent Jewels sale Tuesday.

The auction brought in $82.7 million, the most ever for a jewelry auction in Hong Kong, said said Vickie Sek, director of Christie’s Asia Jewellery and Jadeite Department. Fine colored stones and natural pearls “fetched extremely strong prices.”

A total of 241 of the 310 offered were sold (78 percent) and 79 percent were sold by price.

A pair of near identical round diamonds (top picture) combined for the two top lots of the sale. A 35.77-carat D flawless type IIa brilliant-cut diamond fetched $8.27 million ($231,000 per carat). A 35.61-carat D flawless type IIa brilliant-cut diamond sold for $8.1 million ($228,000 per carat). The combined $16.4 million achieved for the two diamonds was the highest price ever for colorless diamonds in Asia, Sek said.


In addition, a pair of 25.38- and 23.12-carat cushion-shaped Columbian ear pendants (pictured above) fetched more than $4 million ($83,000 per carat), a world record for emerald-cut earrings.

Other big sales include the following:

A 26.41-carat cushion-shaped Kashmir sapphire and diamond brooch fetched more than $3.8 million, or $145,000 per carat.


A 52.12-ct. Burmese ruby and diamond cluster necklace by JW Currens that sold for more than $3.7 million.

A natural colored pearl and diamond bead necklace that sold for $3.1 million.
 
A 43.26-carat, cushion-shaped fancy vivid yellow diamond ring that sold for $2.64 million, or $61,000 per carat.

Chow Tai Fook Set to Issue IPO that Could Raise $3 Billion


Hong Kong jewelry retailer Chow Tai Fook is looking to raise nearly $3 billion in an initial public offering that would be one of the largest in Hong Kong this year, according to published reports.

The company will offer 1.05 billion shares at HK$15 to HK$21 each, putting the total deal size at up to HK$22.05 billion ($2.83 billion), Reuters reports. In another report by The Standard in Hong Kong, the IPO could raise HK$23.34 ($2.99 billion). The IPO would value the company at about $27 billion.

The deal would surpass the $2.5 billion IPO by Milan-based Prada SpA in Hong Kong in June. Commodities company Glencore raised nearly $10 billion in a Hong Kong and London dual listing in May, with most of the funds raised in the London portion of the offering, Reuters reports.

Chow Tai Fook, controlled by billionaire New World Development Co. chairman Cheng Yu-tung, has about 1,500 stores, most of them in Greater China. The company also has shops in Singapore, Taiwan and Malaysia. About 80 stores are located in Hong Kong and the gambling center of Macau.

Chow Tai Fook will be shopping the IPO to large investors on Monday, with pricing slated for December 8, Reuters reports. The stock will trade under the symbol “1929,” the year the company was founded.

Q3 Global Gold Jewelry Demand Down 4%, US Demand Up 4%; India Demand Surges 60%


Global gold jewelry demand fell 4 percent year-over-year to 534.2 tons for the third quarter of 2014, according to the World Gold Council in its Gold Demand trend report released Thursday. However, the decline comes against an unusually robust third quarter of 2013, which experienced the strongest growth for jewelry demand since 2008. 

“Longer term analysis shows a market in good health. Q3 demand was marginally stronger than the five-year quarterly average of 527.6 tons, while year-to-date volumes continue to extend the broad uptrend from the low seen in 2009,” the WGC said in its report.

Two markets did shine, the US, with a 4 percent rise that helped lift manufacturing outputs in several gold jewelry producing countries; and India, which surged 60 percent. China and Hong Kong, meanwhile, experienced steep declines in gold jewelry demand. 

US ‘Revival’
The WGC’s report said the economic recovery and a downward trend in the price of gold created a “revival” of gold jewelry demand in the US that has had a “ripple effect” around the world.

“The US sucked in greater volumes of gold jewelry imports from markets as diverse as India, China, Italy, Mexico and Oman, according to the report. “Third quarter growth in the US market was very much an extension of the trend that has prevailed since early last year. Mounting conviction in the economic recovery has boosted sentiment and whetted consumers’ appetite for discretionary purchases. Gold jewelry has been a clear beneficiary: improving sales of higher carat and non-wedding related items helped demand to the highest Q3 total since 2009.”

The report added, “Lower gold prices have aided the recovery of US demand as retailers are more easily able to meet key price points without crimping margins. Or, similarly, to increase karatage while maintaining price levels. This has enticed some mass- market retailers back into the gold jewelry sector.”

India
The market that had the strongest third quarter by far was India, which reported a 60 percent year-over-year increase to nearly 183 tons—the second highest third quarter on record, the WGC said. 

“The third quarter of 2013 was decidedly weak as the introduction of complicated new measures to restrict gold imports and the subsequent sharp rise in local prices knocked demand,” the WGC said in its report. “But this quarter, other more positive forces were also at play.”

Among those forces is the confidence in the new Indian government led by Prime Minister Narendra Modi, a drop in the price of gold and robust buying during the Diwali festival season. 

“Although Indian consumers are typically wary of buying gold while the price is still moving, preferring to wait until it settles at a more stable level, the opportunity to buy at cheaper prices proved, for some, hard to resist.”

China
Meanwhile, China experienced a 39 percent year-over-year decline to 147.1 tons in gold jewelry demand. Hong Kong (where consumers from the mainland China account for most of the demand) fell 31 percent to 9 tons. The WGC said much of this decline is in comparison to the rapid expansion throughout 2013 and that gold jewelry sales are normalizing.

“18-karat (K-gold) jewelry was relatively more robust than the 24-karat (chuk kam) segment,” the WGC said. “The government’s anti-corruption drive may have contributed to this trend.”

Other Markets:
* Indonesia saw third quarter demand fall 16 percent to 9.7 tons partially in response to strength of demand last year. However, the WGC said “equally important was the Presidential election in July, which created a degree of political instability and discouraged spending on gold jewelry.” 

* Third quarter jewelry demand in Turkey fell 18 percent, year-over-year, to 19.2 tons—the lowest third quarter on record, the WGC said. “Consumers were unnerved by domestic political turmoil; worrying economic signals; and escalating Syrian violence in close proximity to the Turkish border. The ban on paying for gold jewelry by credit card installments continued to hang over the market, although this restriction was partially repealed in October.”

* Demand in the Middle East fell 14 percent year-over-year to 36 tons. Demand for gold jewelry across the region suffered from the comparison with strong demand last year, the WGC said, leading to a trend towards lower-karat and gem-set jewelry.

* Jewelry demand in the UK increased 18 percent to 4.6 tons, the fifth consecutive year-over-year rise.

* Gold jewelry demand in Russia edged up 1 percent year-over-year to 18.6 tons, despite a rise in the average domestic gold price due to a weaker rouble, the WGC said. 

* Demand in Italy fell 4 percent year-over-year to 2.7 tons. 

The Gold Demand Trends report also tracks gold for investment and technology purposes. In the third quarter overall demand was “subdued,’ the WGC said, falling by 2 percent to 929.3 tons. The price was relatively stable for the period. 

“Quarterly volatility in the US$ gold price was among the lowest levels seen over the past two decades,” WGC said. “This was both a cause and effect of the benign demand environment. Investor behavior in particular contributed to this circularity: the lack of a clear price signal caused investors to hold back from buying gold, which in turn dampened down price moves.”

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

‘Pigeon’s Blood’ Ruby Necklace Leads Diverse Christie’s Hong Kong Jewelry Sale

CHRISTIE'S IMAGES LTD. 2011

It’s a rare jewelry auction these days where diamonds are not the most prestigious items for sale. This auction will break the trend as leading the sale of Christie’s Hong Kong Magnificent Jewels Autumn sale is a Burmese no heat “pigeon’s blood” ruby and diamond necklace (pictured above) with matching earrings (below) by James W. Currens. The necklace has an auction estimate of $3.5 to $5.5 million; and the earrings have estimate of $2.5 million to $3.5 million.

CHRISTIE'S IMAGES LTD. 2011

Designed as twenty-six graduated oval-shaped rubies weighing between 5.38 and 1.27 carats, each ruby comprising the necklace named, “Red Scarlet” is accented by a cluster of marquise and pear-shaped diamonds, mounted in platinum and 18k yellow gold. The matching pair of earrings are titled the “Red Butterflies” for their shape, and each feature a pair of Burmese rubies over 7 carats. The rubies all come from the Mogok Stone Tract in Upper Burma, which is considered to be the source for the finest quality “pigeon’s blood” rubies, the term used to describe the brightest and most valuable red color for rubies.

More than 300 items will be on sale for the November 27 auction at the Hong Kong Convention & Exhibition Centre. The pre-sale estimate is valued at approximately $70 million. An assortment of diamonds, emeralds and sapphires from the world’s legendary mines, natural seawater pearls, and, being Hong Kong, jadeite jewelry will be among the items featured. Highlights include: 



Emerald, pearl and diamond earrings in platinum, featuring Colombian pear-shaped emeralds weighing 23.34 carats and 23.18 carats. Its estimate is $3.5 million to $4.8 million. CHRISTIE'S IMAGES LTD. 2011


Diamond and pearl earrings, featuring a pair of 6-carat pear-shaped diamonds from the legendary Golconda mine in India. Its estimate is $1.2 million to $1.9 million.  CHRISTIE'S IMAGES LTD. 2011

A natural pearl and diamond necklace with an estimate of $1.2 million to $1.5 million. CHRISTIE'S IMAGES LTD. 2011

A lavender jadeite bead necklace, consisting of 63 slightly graduated jadeite beads measuring from 8.8 to 11.3 mm, and a jadeite cabochon and diamond clasp mounted in 18k white gold. Its estimate is $1 million to $1.5 million. CHRISTIE'S IMAGES LTD. 2011

A 36.58-carat fancy brown diamond ring with an estimate of $1 million to $1.5 million. CHRISTIE'S IMAGES LTD. 2011

An 8.59-carat fancy pink cut-cornered rectangular-cut diamond and sapphire ring, by Paris-based American jeweler, JAR. Its estimate is $3 million to $4.5 million. CHRISTIE'S IMAGES LTD. 2011

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes Web site.

Two Flawless Diamonds May Fetch $18 Million at Hong Kong Auction

Leading Christie’s Hong Kong sale of Magnificent Jewels is a pair of unmounted round brilliant-cut D flawless diamonds, weighing 35.77 and 35.61 carats each. The auction house said it is the largest pair of its type to ever be offered at auction.

The diamond pair—each roughly the size of a cherry tomato—received a “Triple Excellent” rating for their polish, symmetry and cut grade. Adding to their allure is that they have also been determined to be Type IIa, the most chemically pure form of diamond showing exceptional appeal transparency. The Steinmetz Diamond Group, a leading diamond manufacturer and trader, cut this pair of diamonds, both of which were uncovered in South Africa.

“To find large pieces of colorless rough within the same timeframe represents an extremely rare occurrence,” Christie’s said. “To combine that with the vision to obtain a closely matched pair raises the project to new heights.” This pair was exhibited by Steinmetz at the Guggenheim in New York in December 2010.

Offered separately, the pre-auction estimate is $7 million to $9 million each.

The November 29 auction at the Hong Kong Convention & Exhibition Centre will feature diamonds, colored gems, rare jadeite and signed jewels and is expected to bring in $75 million, said Vickie Sek, director of the Jewellery and Jadeite Department, Christie’s Asia.

Jewels by Harry Winston will be prominent in the sale. Leading the selection is an emerald and diamond brooch, originally purchased by a Texas oil-man and personal client to Mr. Winston who called upon the jeweler for a significant gemstone. Mr. Winston offered the man and his wife a choice: The 68.90 carat emerald or a 69.42 carat pear-shaped diamond. The wife chose the emerald, and the diamond went on to be acquired by Elizabeth Taylor and subsequently known as Taylor-Burton Diamond. For the emerald, Mr. Winston had his legendary designer, Ambaji Shinde, create the jewel. Auction estimate: $2 million – $3 million.

Among the selection of natural pearl jewels offered is a necklace of saltwater natural pearls boasting 16 matching button-shaped pearls of impressive size. Assembling such a finely-matched selection of natural pearls of this size and quality is rare and likely took decades, the auction house said. Estimate: $1.6 million to $2.25 million.

It wouldn’t be a Hong Kong auction without a strong selection of important jadeite. This sale is led by, “Three Friends of Winter,” a jadeite pendant necklace featuring a carved jadeite plaque that provides a rare balance of color, texture and translucency, the auction house said. Estimate: $2 million – $3 million.

‘Designing jewelry has been a passion of mine,’ Cocktails with JNN: Mayuri Vara of Vara of London

Smoky quartz is the main stone for the Fleur de Chine ring with black diamond pave center mounted on 925 sterling silver and lucky Chinese coin gallery on the back.

Every year that I go to Hong Kong to attend the September Hong Kong Jewellery & Gem Fair I discover something new. Last year, I attended a press conference at the Portuguese Heritage Club in the city’s Central district hosted by Qeelin, a luxury jewelry brand purchased by French luxury holding company, Kering. Afterward, I interviewed Dennis Chan, the creative director and co-founder of the brand. 

Taylor and Fleur de Chine Cuff uses gold plated textured 925 sterling with amethyst and pink tourmaline.

This year I found myself at the Gray Café Deluxe, on the 49th floor of the Upper House hotel, one of the city’s finest, with a spectacular view of the Kowloon skyline as it turned from day to night. This is where I met with Mayuri Vara, the founder of the new jewelry brand Vara of London, where she showed me her first jewelry collections over well-made martinis.

Bamboo Leaves ring uses chrome diopside for the leaves and 925 sterling silver.

Articulate and soft-spoken, the self-taught jewelry designer explains that the collections reflect her diverse heritage, experiences and personal influences. She is of Indian descent, raised in London and was on course to follow her father and brother’s footsteps in the medical profession before she veered off into more creative ambitions.

The upper part of the Diva drop earrings extend up the earlobe set with amethyst with with pink tourmaline. Lower hoop set with diamonds and amethyst center drop stone.

“I have always been fascinated by art and design, and designing jewelry has been a passion of mine,” she says, “having always made handmade jewelry as far back as I can remember.”

She has lived in Hong Kong for the past five years with her husband who is a lawyer. Her outside influences are equally diverse and include Elizabeth Taylor, Anna May Wong, the first Chinese-American movie star and a fashion icon, and Maharani Gayatri Devi, the last queen of Jaipur.

925 sterling silver is used for the Serpentine open bangle with smoky quartz and black diamond surround.

“I draw inspiration from the Chinese culture, artworks and architecture,” she adds. 

For someone with such a diverse background her first offerings are focused and for the most part classic and elegant. It’s a well thought out mix of products where individual pieces match but in a variety of ways so it doesn’t look like a formal suite. Most of the pieces are large and bold enough so they can be worn alone. They also are designed to be worn daily. 

The left side of Le Boteh open ring is set with smoky quartz with a black diamond centre; and the right side set with amethyst and pink tourmaline.

Nearly all of the pieces are made of 925 sterling silver plated with either gold, black rhodium, or white rhodium. She says her next line will be in 18k gold. She is particularly proud that the quality of craftsmanship, done in China, can be seen on both sides of the pieces. “I’m fortunate to find the right people who understand my flow,” she says.

The Cleopatra Noir ring features smoky quartz surrounded by two snakes and black diamond pave on head and tail with red garnet eyes. Black spinel surrounds body of the ring.

The black rhodium finishes add an edge to the classic styles. She also provides contrasts by using classic Lotus flower and paisley shapes with pieces that feature serpents. She is fond of colored gems, with smoky quartz, amethyst, citrine, peridot and tourmaline among her favorites. A few pieces have a sprinkling of diamonds.

The collections were launched in June during the Jewellery & Watch event at London’s Saatchi Gallery and are also available at the Quintessentially Gifts in London. 

Noor drop earrings uses 925 sterling silver set with Rose de France amethyst stones. The upper part is set with white topaz surrounding a single amethyst stone.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Pink Diamond Sets Auction Record, Natural Pearls Remain in Demand

8.41-carat internally flawless pink diamond

The jewelry auction market continues to show strength as gems sparkled during sales in Hong Kong and New York. 

Sotheby’s Hong Kong said a world auction record was set for a fancy vivid pink diamond when an 8.41-carat internally flawless pink diamond sold for nearly $17.8 million at its Magnificent Jewels sale on October 7. The internally flawless fancy vivid purple-pink gem is a type IIa diamond, among the most chemically pure with exceptional optical transparency.

According to Sotheby’s, the previous world auction record for a fancy vivid pink diamond and record price per carat for a pink diamond were both achieved by a 5-carat pink diamond that sold for more than $10.7 million, or $2.15 million per carat, in Hong Kong in November 2009.

Per-carat price records were also set for a Cartier Kashmir sapphire ring that sold for $193,975 per carat and for a sapphire and diamond ring that sold for $236,404 per carat.


At Bonhams New York Fine Jewelry auction held October 8, a triple stand natural pearl, gem and diamond necklace (pictured above) fetched $185,000, over three times its high estimate. The piece is completed by a triple pavé diamond flowerhead clasp, enhanced by rubies, emeralds, and sapphires; centered by old European-cut diamonds and a fancy-cut emerald.

The top lot of the evening was a 14.51-carat round brilliant-cut diamond, flanked by tapered baguette-cut diamonds. 

In addition, a ruby and diamond bracelet designed as a graduated band of oval-cut ruby cluster links, enhanced by round brilliant-cut diamond borders, sold for $161,000; and a ruby and diamond pendant/brooch and necklace signed by M. Gerard where the largest ruby weighed 8 carats, achieved $106,250, soaring past its high estimate of $70,000.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Winners of the JNA Awards


The 2012 September Hong Kong Jewellery & Gem Fair, the tradeshow hosted the inaugural JNA Awards during a ceremony held September 20 at The Ritz-Carlton, Hong Kong. The JNA Awards honors and recognizes excellence and achievement in the jewelry trade.

The event, the first of its kind in Asia, was organized by Jewellery News Asia of UBM Asia in collaboration with UBM Awards.

The success of the awards was prevalent in the fact that all of the sponsors agreed to participate in the next edition prior to the awards presentation. Recipients of the JNA Awards for 2012 are as follows:

Lifetime Achievement Award, Nicky Oppenheimer, former chairman of the De Beers Group
Oppenheimer received JNA's highest accolade for his outstanding contribution to the world diamond industry over the course of a career that spans 44 years. The third generation of the Oppenheimers to lead De Beers, he has added his own, distinguished contribution to a family legend that dates back to 1902 when his grandfather, Sir Ernest Oppenheimer, arrived in Kimberley to work as a diamond buying agent. He presided over important changes in the history of the De Beers Group. Under his leadership, De Beers opened up new markets for diamond jewelry in China and India, and established the De Beers' Best Practice Principles, a standard of ethical business behavior that has set the benchmark for other global industries.

Three Decades of Excellence, Chow Tai Fook Jewellery Co Ltd.
The world's largest jewelry retailer by market value continues to raise the bar of excellence and creativity in the gemstone and jewelry industry. The Hong Kong-listed company has an extensive retail network, with more than 1,600 points-of-sale in Greater China, Malaysia and Singapore.

Brand of the Year, Chow Tai Fook Jewellery Co Ltd.
With its immense reach and presence in the Greater China market, the company is viewed as a trendsetter in the industry and one of the most iconic brands in Greater China.

Employer of the Year, Dharmanandan Diamonds Pvt Ltd.
The 30-year-old diamond manufacturer continues to demonstrate the same passion and commitment that it has for a business that celebrates enduring love and romance. It has not lost sight of the core corporate values: excellence in innovation, manufacturing and talent management. By connecting with its employees and keeping them engaged, the India-based company is able to clearly communicate the group's vision and goals with its staff.

Industry Innovation of the Year – Manufacturing, TTF High Jewellery
Since its establishment in September 2002, the Shenzhen-based jewelry manufacturer has been producing jewelry pieces of outstanding design and craftsmanship. TTF has mastered many high-level techniques in jewelry making, including K-gold production, which gives gold lasting color and shine.

Industry Innovation of the Year – Retail, Plukka (HK) Ltd.
Leveraging the power of social media and online marketing, Plukka (HK) Ltd is changing the dynamics of jewelry trade and manufacturing. Launched less than a year ago by partners Jai Waney and Joanne Ooi, the Hong Kong-based e-Retailer is bringing the concept of group buying to a larger audience.

Manufacturer of the Year, Pranda Group
The Thailand-based company prides itself on being a leading supplier of high-quality jewelry to some of the world's most recognizable retail brands, while offering its own branded jewelry products. With a 4,000-strong workforce in seven manufacturing facilities, the company produces more than 10,000 new designs and over 8 million pieces annually.

Retailer of the Year, Luk Fook Holdings (International) Ltd.
One of Hong Kong's most successful home-grown brands, Lukfook operates more than 920 retail outlets worldwide, more than 870 of which are in China. The company uses innovative technology to increase operational efficiency, reduce costs and enhance customer experience.

Sustainability Initiative of the Year, Jewelmer International Corp.
Renowned for its golden South Sea cultured pearls, Jewelmer champions sustainable development in its operations and projects. Based in the Philippines, it adopts the most ecologically friendly practices in its pearl farms in Palawan. Jewelmer's Save Palawan Seas Foundation also provides coastal communities with livelihood alternatives to destructive fishing practices.

Young Leader of the Year (Age 30 or below), Chris Benham (The Inspired Collection)
Benham has led the New Zealand-based company into winning several domestic and international jewelry design awards over a span of just three years. Known for its fresh, innovative approach to diamond jewelry design, The Inspired Collection has also won major design contracts with highly respected companies, including Hiersun, a retailer with more than 200 bridal jewelry shops in China.

The following companies have been selected as honorees of the inaugural JNA Awards 2012, Wonder of the World category:

Vitalit, Thailand, two entries — Vivid Orange Natural Mandarin Garnet in finest cut cushion shape or Natural Spessartite (Garnet); and Pinkish Red Spinel of Pamir Mountains origin.

Makhni Enterprises, Thailand — A pair of rare 8 carats unheated rubies


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‘If you have a piece of nice jewelry you should really enjoy it and wear it every day,’ Coffee with JNN: Dennis Chan of Qeelin

Dennis Chan (left) describing Qeelin's new "King & Queen" collection. Photo credit: Anthony DeMarco

As I walked into the sun-filled grand ballroom of Club Lusitano, a Portuguese heritage club in Hong Kong’s Central district, the Qeelin press conference was already underway. What I didn’t expect was a three course formal western style lunch that included New Zealand sole and a cheesecake with mixed berries.

On a stage speaking enthusiastically in Chinese was Dennis Chan, the creative director and co-founder of the luxury jewelry brand. Towering over him is a model dressed in a long formal black dress wearing pieces of the just released jewelry from Qeelin’s “King & Queen” collection. Chan is dressed in a crisp black suit and white shirt with the collar unbuttoned. On his neck is a dragon pendant from the new collection. His shoes are the showstopper, a tiger-themed (I believe) print with gold-colored studs in the back. When I ask him about the shoes he just laughs and says they’re Italian and they matched his clothes.

Dennis Chan's Italian shoes. Photo credit: Anthony DeMarco

Afterward, Chan went from table to table with another tall model dressed in a formal full-length red dress discussing the individual pieces in rapid-fire Chinese.

Dennis Chan demonstrating Phoenix necklace at Qeelin press conference. Photo credit: Anthony DeMarco

When compared to its peers in the international luxury jewelry world, Qeelin is different in several ways. It’s a relatively small and young company and it’s headquartered in Asia, not Europe.

The Hong Kong-based company combines traditional Chinese themes with French craftsmanship, a design-first philosophy, the use of precious materials and a bit of whimsy. Not yet 10 years old, the brand has 14 boutiques in China, Hong Kong and Europe; and other points-of-sale in Singapore, Tokyo and Europe.

18k rose gold, diamond pavé and ruby bracelet, part of Qeelin's King & Queen collection. The ring has a dragon head (shown) and phoenix head, which represent King and Queen, respectively.

While the company has European influences and distribution, it is focused on the China and Asian markets. This is precisely why French luxury conglomerate Kering (formerly PPR) purchased a majority stake in the relatively small and little-known brand. The December, 2012, acquisition surprised many observers.

“Qeelin is a small brand, but with strong growth potential. We focus much more on the brand’s ability to grow rather than on its current size,” said Alexis Babeau, Kering managing director. “As examples, Balenciaga or Bottega Veneta were very small brands too when we bought them back in 2001. Look at them now…. Qeelin is well positioned to tap the growth potential of the Asian market.”

Qeelin Dragon and Phoenix ring (with the phoenix head shown) made of 18k yellow gold, diamond pavé and rubies.

I had finished my work at the September Hong Kong Jewellery & Gem Fair so being in the city provided me the opportunity to attend the press conference. Afterward, Chan and I sat for coffee and a short discussion about Qeelin and its future.

Chan said Hong Kong and China are Qeelin’s biggest markets; followed by Europe and Ukraine. “We have a lot of followers,” he said. “They collect everything we have.”

With the Kering acquisition, the boutique brand will have the ability to grow at a rapid pace. Chan said the company will open six to seven stores in China soon. However, he stresses that expansion won’t be rushed.

“We are expanding quite steadily, (but) we try not to expand and suddenly to be very big because it takes time for a luxury brand to grow,” the Hong Kong resident said. “But I think we have our own position in the industry … we rely a lot on design and craftsmanship and at the same time a lot of our jewelry could really touch people’s hearts.”

Chan said that the differences between Qeelin and its European brand counterparts are its advantages.

“If you look at Qeelin, you will find that it is very different,” he said. “We are not like Cartier and Van Cleef who have a long history. We’re a young brand. The interesting thing is we try to bring out the charm of Chinese design. It is traditional but it’s very much hip and fashionable.”

Phoenix necklace made of 18k white gold, diamond pave and rubies. The wings move.

Specifically, the brand creates modern, fashionable versions of traditional Chinese images. For example, its King & Queen line is based on variations of the Dragon (king) and the Phoenix (queen). The collection of rings, bracelets, necklaces and earrings are made of 18k white and rose gold with diamond pavé and touches of rubies. In some cases the parts move, such as the wings on the Phoenix. The jewelry is light and lively and designed to be worn daily.

“The jewelry in my point of view shouldn't be very heavy and you should enjoy it,” he said. “Like my mom. She collects a lot of jewelry but then it always ends up in the safe. She’ll bring it out one or two times a year. If you have a piece of nice jewelry you should really enjoy it and wear it every day.”

Phoenix necklace made of 18k white gold, diamond pave and rubies. The wings move.

Chan began his career in London as a product designer before adding engineer and architect to his resume. His designs ranged from phone booths to the 33-meter high Millennium Clock Tower in Scotland.

“I really wanted to be a product designer,” he said. “In college all the lecturers tried to put me into fashion design because I got the highest marks in fashion. I’m still very much someone who falls in love with product.”

Over the years, his passion grew to include jewelry and watches and was inspired to design his own pieces based on what he felt was a gap in the marketplace.

“I became more intrigued about the world of luxury jewelry,” he said. “I love fashion and I’m a collector of watches. I started collecting jewelry as well. We couldn’t find something that has a Chinese touch but also very, very modern. It just did not exist in the market.”

While Chan has a partner (French entrepreneur Guillaume Brochard) this company is his vision. He stresses that it’s a design-first company. There is very little market research before determining new products. Nor are gems used to determine designs. And he is deeply involved in how the brand is positioned. The glass walls in the ballroom that overlook the crowded streets below were fronted by poster-sized black-and-white photographs of models dressed in Art Deco period clothing wearing Qeelin jewelry. These images were taken by Chan using 100-year-old lenses and a new version of a vintage camera.

“The pictures are very soft and different from digital,” he said.

Below is a promotional video for the new collection using the same imagery as the photography.



Chan says he gets his design ideas based on what’s around him.

“We don’t have a marketing sense,” he said. “It’s very much for me and also the friends around me. For example, at a dinner party I would notice what is lacking on my friends’ and I would feel this kind of product would fit them perfectly. That is more of the information and source when I’m designing new pieces of jewelry.”

He continued, “Unlike a lot of jewelers, we don’t start from the stones. We start from the design and then we try to find the best stone to go with the product. This is why when you look at the collection you always see a story or a design behind it, rather than seeing 10 carats of stones or big rubies and big sapphires. It doesn’t mean we don’t put attention on the stone it just means the stone serves as an enhancement of the design.”

18k white gold earring with diamond pavé and a ruby from the King & Queen collection.

There’s also a sense of fun. Chan said one collection called Ling Long, which is a bejeweled bell, is an example of this. Bells are common gifts for newborn children because the sound is thought to ward off evil spirits. In this case, the clapper of the bell is a diamond so the first sound the baby hears is the sound of a diamond.

“Qeelin is more like that,” he said. “A bit humorous, more fun, very fashionable and it’s still fine jewelry.”

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A Record $30.6M Achieved for 118-Carat White Diamond; 7.5-Carat Blue Diamond Fails To Sell


A 118.28-carat D-flawless diamond fetched $30.06 million at Sotheby’s Hong Kong Magnificent Jewels sale Monday. It is a world record price for any white diamond at auction. 

The unmounted, oval-shaped diamond is the largest white diamond ever sold at auction and the largest oval D-flawless diamond in the world as graded by the Gemological Institute of America. GIA graded the diamond, reportedly about the size of an egg, as D color, flawless clarity, with excellent polish and symmetry. The diamond was also graded as a Type IIa, making it among the most chemically pure type of diamond with exceptional optical transparency.

The diamond was cut from a 299 carat rough diamond discovered in 2011 from a mine in Southern Africa.


However, there was a disappointment for the evening as a 7.59-carat round fancy vivid blue diamond failed to sell. Known as the Premier Blue, this brilliant-cut internally flawless gem is the largest round fancy vivid blue diamond ever graded by the GIA. Sotheby’s said the round brilliant cut is rarely used in colored diamonds due to the high waste involved in the cutting process. The diamond is mounted on a platinum ring and surrounded by brilliant-cut pink diamonds together weighing approximately 1.70 carats.

The auction held at the Hong Kong Convention and Exhibition Centre took in nearly $95.5 million, making it the highest total for a sale of jewelry in Asia.

In addition to diamonds, jadeite was very popular during the sale. The top item in this category was a double-strand jadeite bead necklace that sold for more than $5.4 million.

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