Archive for March, 2009

Once in a blue moon

argyleblueOnce in a Blue Moon, a sale of blue diamond’s collection will be conducted in Hong Kong, Tokyo and Perth, Australia. It will be held few days prior to the bids closing on April 8, according to a release from Rio Tinto who is all set to showcase the collection of rare diamonds like blue moon.

Rio Tinto's Argyle Diamond Mine which is well known in Australia for producing rare diamonds like champagne and pink color diamonds.  According to the sources, "Once in a Blue Moon" is Rio Tinto's first collection of blue and violet diamonds, which are rarely found in nature.

"We are excited to showcase our first-ever collection of precious blue and violet Argyle diamonds, sourced from several years of production at the mine. It is an enchanting collection that will appeal to connoisseurs and collectors alike, “Argyle Pink Diamonds Sales and Marketing Manager Josephine Archer said.

The “Once in a Blue Moon” will showcase a collection of smaller diamonds, a range of premium and commercial diamonds and features single cuts and a number of matching pairs, according to the release.
Argyle mine has just 10 years of production left , and only a sporadic occurrence of blue diamonds, Rio Tinto expects the "Once in a Blue Moon" collection to attract considerable attention, both in Australia and overseas.

Rio Tinto is expecting the show to attract considerable attention both in Australia and overseas. Rio Tinto has only 10 years of production left for the Argyle mine and only periodic appearance of blue diamonds.

Gandhi’s belongings were the star attraction at the Antiquorum sale

antiquorumgandhiAmong all the other items displayed for auction by the Antiquorum's recent auction of Important Collectors' Wristwatches, Pocket Watches and Clocks, a pocket watch belonging to Mahatma Gandhi was the highlight of all the other objects.

In addition to the Gandhi's pocket watch there were few other personal belongings of his like pair of sandals, glasses, bowl and thali. The sale which was conducted on March 4-5 realized an amount of $8,707,724, with $2,096,000 of that from the sale of Gandhi's pocket watch.

The auction which was conducted comprises of all the belongings of the spiritual and political leader of India. The event was closely observed by all the collectors as well as the supporters of Gandhi worldwide. Eventually a prominent Indian businessman took over the race. He won all the items which belonged to Gandhi and brought the pride home. It was said that Vijay Mallya who was representing India came with an intension of bringing all the items back to India for permanent public display.

A total of 500 bidders were present at the event apart from the online and bidders over the phone. They were not only bidding for Gandhi’s items but also a number of noteworthy timepieces like an historically important piece the "Kennedy Onassis" watch. A timepiece which belonged to the President John F. Kennedy and also worn by the Greek shipping magnate Aristotle Onassis. The watch, the only known item connecting JFK, Onassis and Jacqueline Kennedy, fetched $120,000.

Another timepiece which is worth mentioning is the Patek Philippe Henry Grave's unique platinum minute repeater, which sold for $630,000. The watch belonged to the late Henry Graves Jr., who inspired Patek Philippe to create some of its most complicated watches to date.

Few other Patek Philippe models achieved good results as well, including the "Giuseppe Bonanno," a 1950s model whose namesake was thought to be the inspiration for the character of Vito Corleone in Mario Puzo's The Godfather. The timepiece sold for $36,000 and drew considerable attention from collectors and Godfather fans.

Patek's Ref. 5016 in yellow gold (lot 536) made $494,000, while Ref. 5020, the "TV Watch," in white gold (lot 526) sold for $180,000. Also selling in the six figures were Ref. 3970 in white gold (lot 525), which attained $108,000, and the yellow gold "Celestial" wristwatch (lot 120), which achieved $186,000.

Audemars Piguet also attained exceptional results, with its "End of Days" timepiece (lot 435) selling for a remarkable price of $42,000. Cartier did well as well, with an Art deco desk alarm clock selling for $32,400 which is three times more than its pre-sale estimate.