Sweet Josephine Diamond
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Sweet Josephine Diamond
The Sweet Josephine is a pink diamond that was sold at a Christie's auction in Geneva in November 2015 for $28.5 million, a record price for a jewel of its kind and one that exceeded its estimated price of $23-28 million. The diamond, which had been owned by an American family for 15 years prior to its 2015 sale, is the largest cushion-shaped diamond classified by the Gemological Institute of America as " fancy vivid" ever to be sold at auction, regardless of color, and it is one of only three "fancy" pink diamonds weighing more than 10 carats to be sold in the previous 250 years. The diamond was sold to Hong Kong billionaire Joseph Lau, a convicted felon and fugitive, who named it the "Sweet Josephine" diamond for his seven-year-old daughter, Josephine. On the day following its sale, Lau spent a record $48.4 million to purchase a blue diamond auctioned by Sotheby's that he then named, again for his daughter, the Blue Moon of Josephine Diamond. See also * List of diamonds Di ...
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Joseph Lau
Joseph Lau Luen-hung (; born 21 July 1951) is a Hong Kong billionaire. Lau is the former chairman of property developer Chinese Estates. He is an avid art and wine collector. His fortune is estimated by ''Forbes'' at $13.3 billion as of September 2021. In 2014, he became a convicted felon and fugitive in Macau. Life and career Joseph Lau was born on July 19 , 1951 in Hong Kong. He has a younger brother Thomas and two younger sisters. Lau attended the University of Windsor in Canada before returning to join his family's business making electric fans in 1974. In 1978, he renamed the company Evergo Industrial Enterprise. In 1982, the company held an initial public offering in Hong Kong. In 1985, Lau switched Evergo's business focus to investment-holding and property-management services. Lau became the majority shareholder of Chinese Estates Holdings when he acquired a 43% stake in the company through Evergo in 1986. Since then, he's expanded his real estate investments thro ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Diamond (gemstone)
Diamond ''adámas'', meaning "unbreakable", "proper", or "unalterable" is one of the best-known and most sought-after gemstones. They have been used as decorative items since ancient times. The hardness of diamond and its high dispersion of light — giving the diamond its characteristic "fire" — make it useful for industrial applications and desirable as jewelry. Diamonds are such a highly traded commodity that multiple organizations have been created for grading and certifying them based on the "four Cs", which are color, cut, clarity, and carat. Other characteristics, such as presence or lack of fluorescence, also affect the desirability and thus the value of a diamond used for jewelry. Diamonds are used in engagement rings. The practice is documented among European aristocracy as early as the 15th century, though ruby and sapphire were more desirable gemstones. The modern popularity of diamonds was largely created by De Beers Consolidated Mines, which established the fir ...
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Christie's
Christie's is a British auction house founded in 1766 by James Christie (auctioneer), James Christie. Its main premises are on King Street, St James's in London, at Rockefeller Center in New York City and at Alexandra House in Hong Kong. It is owned by Groupe Artémis, the holding company of François-Henri Pinault. Sales in 2015 totalled £4.8 billion (US$7.4 billion). In 2017, the ''Salvator Mundi (Leonardo), Salvator Mundi'' was sold for $400 million at Christie's in New York, at the time List of most expensive paintings, the highest price ever paid for a single painting at an auction. History Founding The official company literature states that founder James Christie (auctioneer), James Christie (1730–1803) conducted the first sale in London, England, on 5 December 1766, and the earliest auction catalogue the company retains is from December 1766. However, other sources note that James Christie rented auction rooms from 1762, and newspaper advertisements for Christi ...
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Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Canton of Geneva, Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French Departments of France, departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which extends over ,As of 2020, the Eurostat-defined Functional Urban Area of Geneva was made up of 9 ...
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Diamond Cut
A diamond cut is a style or design guide used when shaping a diamond for polishing such as the brilliant cut. Cut does not refer to shape (pear, oval), but the symmetry, proportioning and polish of a diamond. The cut of a diamond greatly affects a diamond's brilliance; this means if it is cut poorly, it will be less luminous. In order to best use a diamond gemstone's material properties, a number of different diamond cuts have been developed. A diamond cut constitutes a more or less symmetrical arrangement of facets, which together modify the shape and appearance of a diamond crystal. Diamond cutters must consider several factors, such as the shape and size of the crystal, when choosing a cut. The practical history of diamond cuts can be traced back to the Middle Ages, while their theoretical basis was not developed until the turn of the 20th century. Design, creation and innovation continue to the present day: new technology—notably laser cutting and computer-aided design— ...
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Gemological Institute Of America
The Gemological Institute of America (GIA) is a nonprofit institute based in Carlsbad, California. It is dedicated to research and education in the field of gemology and the jewelry arts. Founded in 1931, GIA's mission is to protect buyers and sellers of gemstones by setting and maintaining the standards used to evaluate gemstone quality. The institute does so through research, gem identification and diamond grading services and a variety of educational programs. Through its library and subject experts, GIA acts as a resource of gem and jewelry information for the trade, the public and media outlets. In 1953 the GIA developed its International Diamond Grading System and the "four Cs" (cut, clarity, color, and carat weight) as a standard to compare and evaluate the quality of diamonds. Today, the institute is headquartered in Carlsbad, California and operates in 13 countries, with 11 campuses, 9 laboratories and 4 research centers. History The story of the GIA begins in the 1 ...
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Diamond Color
A chemically pure and structurally perfect diamond is perfectly transparent with no hue, or ''color''. However, in reality almost no gem-sized natural diamonds are absolutely perfect. The color of a diamond may be affected by chemical impurities and/or structural defects in the crystal lattice. Depending on the hue and intensity of a diamond's coloration, a diamond's color can either detract from or enhance its value. For example, most white diamonds are discounted in price when more yellow hue is detectable, while intense pink diamonds or blue diamonds (such as the Hope Diamond) can be dramatically more valuable. Of all colored diamonds, red diamonds are the rarest. The Aurora Pyramid of Hope displays a spectacular array of naturally colored diamonds, including red diamonds. History of color grading Color grading of diamonds was performed as a step of sorting rough diamonds for sale by the London Diamond Syndicate. As the diamond trade developed, early diamond grades were in ...
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Sotheby's
Sotheby's () is a British-founded American multinational corporation with headquarters in New York City. It is one of the world's largest brokers of fine and decorative art, jewellery, and collectibles. It has 80 locations in 40 countries, and maintains a significant presence in the UK. Sotheby's was established on 11 March 1744 in London by Samuel Baker, a bookseller. In 1767 the firm became Baker & Leigh, after George Leigh became a partner, and was renamed to Leigh and Sotheby in 1778 after Baker's death when Leigh's nephew, John Sotheby, inherited Leigh's share. Other former names include: Leigh, Sotheby and Wilkinson; Sotheby, Wilkinson and Hodge (1864–1924); Sotheby and Company (1924–83); Mssrs Sotheby; Sotheby & Wilkinson; Sotheby Mak van Waay; and Sotheby's & Co. The American holding company was initially incorporated in August 1983 in Michigan as Sotheby's Holdings, Inc. In June 2006, it was reincorporated in the State of Delaware and was renamed Sotheby's. In Ju ...
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Blue Moon Of Josephine Diamond
The Blue Moon of Josephine is a blue diamond, described as flawless by experts, that was discovered in South Africa in January 2014 and was sold at a Sotheby's auction in Geneva in November 2015 at a record-setting price of $48.4 million (43.2 million Swiss francs plus fees). The diamond is the largest cushion-shaped blue stone classified as " fancy vivid" ever to appear at auction. The "Blue Moon" sale, according to David Bennett, the head of Sotheby's international jewellery division, set a record for the highest-ever price per carat and it made the diamond both the most expensive jewel ever sold at auction and the world's most expensive diamond, regardless of color. The diamond was bought by the Hong Kong billionaire, and fugitive convicted felon, Joseph Lau Luen-hung, who named it for his seven-year-old daughter, Josephine. On the day before the "Blue Moon" sale, Lau had purchased a pink diamond at a Christie's auction for $28.5 million, a record price for a jewel of its ...
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List Of Diamonds
Diamond (gemstone), Diamonds become famous typically for some combination of their size, color and quality. Diamonds occur naturally in many different colors, so the largest diamond of a particular color may not be large in absolute terms, but it may still be considered very desirable. Diamonds may also have high valuations or sale prices, or go on to have a noteworthy ownership history, but this will tend to occur for diamonds that had some outstanding characteristic to begin with. As new diamonds are discovered, the uniqueness of existing ones may diminish and there is no agreed-upon measure of a large or a high-quality diamond, so a strict inclusion criteria for notable diamonds is not attainable. Diamond A diamond is a Allotropes of carbon, solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. At Standard conditions for temperature and pressure, room temperature and pressure, another solid form of carbon known as graphite is the ...
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Diamonds Originating In South Africa
Diamond is a solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. Another solid form of carbon known as graphite is the chemically stable form of carbon at room temperature and pressure, but diamond is metastable and converts to it at a negligible rate under those conditions. Diamond has the highest hardness and thermal conductivity of any natural material, properties that are used in major industrial applications such as cutting and polishing tools. They are also the reason that diamond anvil cells can subject materials to pressures found deep in the Earth. Because the arrangement of atoms in diamond is extremely rigid, few types of impurity can contaminate it (two exceptions are boron and nitrogen). Small numbers of defects or impurities (about one per million of lattice atoms) color diamond blue (boron), yellow (nitrogen), brown (defects), green (radiation exposure), purple, pink, orange, or red. Diamond also has a ver ...
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