Tag Archives: nyc diamonds

Are Red Diamonds Real? New York Loan Answers Questions About Earth’s Rarest Diamonds

Diamond collectors and enthusiasts consider natural Red Diamonds to be the holy grail of rare gemstones. While some experts and gemologists argue that Orange Diamonds are more uncommon, Red Diamonds are more desirable and expensive because of their striking color. New York Loan Company, Manhattan’s only luxury pawnshop, has been lucky enough to work with some unbelievable fancy colored diamonds, including unique Fancy Reds.

What constitutes as “Fancy” Colored Diamond? These diamonds are stones that have an obvious color differences from colorless or traditional diamonds. Diamonds can be found with twelve distinct colors, but there are over 230 color combinations for diamonds that can be found around the world. For instance you are more likely to find a Red Diamond with a secondary hue, like a Fancy Purplish Red, than a straight Fancy Red Diamond.

What makes a diamond change color? Fancy Colored Diamonds are usually colored by impurities or elements that react with Carbon – Blue is colored by Boron, Yellow Diamonds by Nitrogen. Red and Pink Diamonds however are thought be colored by a rare deformation in the crystal lattice, the stronger the deformity, the deeper the color.

Where can I buy a Red Diamond? These stones command unbelievable amounts of money at auction. In 2013 a 1.92 carat Fancy Red with a VS2 clarity sold for $3.2 million at Christie’s, a world record at the time. However a year ago in November 2014, a 2.09 carat Fancy Red sold for $5.09 million dollars, or $2.44 million per carat and blew the previous record out of the water. However, there are Red Diamonds on the market that are more affordable, they are just very, very small. You can also find red diamonds with a secondary color, like purple, that may not cost you millions of dollars.

Why do diamonds command such high amounts of money? Red Diamonds are so rare that in the past thirty years of production of the Argyle mine in Australia (where the majority of pink diamonds are found), only six pure red diamonds have been unearthed. The rarity and beauty of these stones is directly related to their exorbitant prices.

So yes, Red Diamonds are real and could arguably be considered the most sought after gemstone in the world. When diamonds of this caliber are brought in to be used as collateral for a loan, New York Loan Company requires the documentation from diamond laboratories like the Gemological Institute of America (GIA), stating that these diamonds are in fact natural and describing the exact color combination. You can reach the loan officers of New York Loan Company via telephone at 212-997-5626 or via email at info@newyorkloan.com.

Designer Spotlight: Van Cleef & Arpels

Knowledge of one-of-a-kind jewelry is important for any pawnshop, but for New York Loan Company, a collateral lender specializing in luxury jewelry and watches, it is essential. When jewelry from Van Cleef & Arpels is brought into their private offices located in New York’s Diamond District, whether a Zip necklace dripping in gemstones or a signature piece from their Alhambra collection, New York Loan is ready to purchase or loan based on the extraordinary craftsmanship and gemstone quality that VCA is known for.

The luxury jewellery house has a long and fascinating history that has shaped the landscape of the fine jewelry industry for over 100 years. Many jewelry enthusiasts know VCA’s designs, but may not be aware of the extensive background that made the Maison (French for house) what it is today.

Van Cleef & Arpels was founded in 1895 after Alfred Van Cleef met and fell in love with Estelle Arpels, and joined forces with his father in law Salomon Arpels to form the new luxurious company. Estelle’s brothers Julien, Charles and Louis joined the company after their father’s death, and opened their first boutique at the famous Place Vendôme in Paris. The Maison quickly became popular with socialites, aristocrats, and magnates – which prompted the opening of new boutiques in opulent resort towns Monte-Carlo, Vichy and Nice. In 1926 Renée Puissant, daughter of Estelle and Alfred became the artistic director and along with Renè Lacaze, a talented designer, they created some of the most iconic jewelry of the 20th century. Over the years European, Russian, and Middle Eastern clients came directly to VCA for their impeccable craftsmanship and style.  Princess Grace, The Queen Sofia of Spain, The Empress Farah of Iran, The Duchess of Windsor, and Princess Diana are counted among their many admirers.

Using diamonds, emeralds, rubies, and sapphires along with unique shapes the duo created pieces that delighted the wealthy and won prestigious design awards. In 1933 the jewelry house created perhaps their most iconic style – the Mystery Set is patented and only a small number of expert jewelers are able to construct the design. Other recognizable collections such as Cadenas watches, Zip necklaces, ballerina and fairy clips, and Alhambra are styles that New York Loan Company will happily purchase or loan against. These styles are in high demand half a century later not only for private clients, but pawnshops and jewelry dealers alike.

Louis Arpels married Hélène Ostrowska, an illustrious model, and moved to New York City where they established the first American branch of their store. This started long relationship with Hollywood and the American elite that continues to this day. Marline Dietrich, Audrey Hepburn, Elizabeth Taylor, Jacqueline Kennedy, Julia Roberts, and Scarlett Johansson are just a handful of the celebrities that wore or continue to wear VCA.  

New York Loan also regularly sells fine jewelry at dealer prices to the public at large.  This unique pawn shop is known for selling signed goods, including VCA, and understands that such jewelry is often purchased not simply for sentimental occasions, but also as a long-term investment.

If a client needs a large cash loan and would like to use their VCA jewelry or watch as collateral, New York Loan is devoted to offering the best possible service and takes pride in providing a secure location to store such prized goods. Please email info@newyorkloan.com or call 212-997-5626 with any inquiries. 

Designer Spotlight: Harry Winston

New York Loan Company specializes in large collateral based loans on luxurious signed jewelry from respected designers. Harry Winston is easily one of the most recognizable and valued jewelry houses in the world. Not only do they create timeless jewelry, but they have purchased some of the rarest and most famous diamonds in history.

Harry Winston is a true American brand – the company started by purchasing antique jewelry in New York City around 1920, and 12 years later opening its first brick and mortar location in the heart of midtown Manhattan. After the official formation of the company, the successes of the business came rapidly.

In 1935, Harry Winston acquired the 726 carat Jonker Diamond – which was then cut into 12 separate stones at his direction. In 1949 Harry purchased the Hope Diamond, arguably the most famous diamond in the world, and later donated the legendary diamond to The Smithsonian Institution. Winston also purchased and sold the Taylor-Burton diamond, a 69.42 carat diamond given to Elizabeth Taylor from her husband Richard Burton, and the Lesotho Diamond – which was a 600 carat rough diamond that was cut into 18 separate gemstones. The third largest of these Lesotho stones, a 40.42 carat diamond, was purchased by Aristotle Onassis and given to Jacqueline Kennedy Onassis as an engagement ring.

The Harry Winston name is known all around the world, not only to the rich and famous, but to everyday people. In 1943 the Harry Winston Company started loaning out extravagant diamond and jewelry to celebrities and actors for red carpet events. Best Actress nominee Jennifer Jones wore his celebrated diamonds to the Academy Awards that year, and it has become the standard for prominent stars to wear his designs. In 1953 Marilyn Monroe sang “Diamonds are a Girl’s Best Friend” in the motion picture Gentlemen Prefer Blondes and included the lyrics “Talk to me Harry Winston, tell me all about it.” This mainstream attention from the media catapulted Harry Winston into a household name.

Today the Harry Winston company continues to purchase some of the most expensive and unique diamonds in the market, but they’ve also made jewelry accessible and affordable for clients that may want to spend less money but still want the quality and craftsmanship of Harry Winston jewelry. Engagement rings, wedding rings, the lily cluster collection, the New York collection, the loop collection and sunflower collection are just a few examples of jewelry that this distinguished jewelry house carries.

“The Harry Winston name is synonymous with luxury,” said Jordan-Tabach Bank, CEO of New York Loan in Midtown Manhattan. “We are always happy to make large pawn loans on Harry Winston pieces, ranging from their in house collections and diamond encrusted watches to rare diamonds and one-of-a-kind creations.”

New York Loan’s GIA trained gemologists and luxury jewelry experts are easily reachable in private, secure offices located in the heart of New York’s Diamond District. For any inquiries regarding a purchase of or pawn loan against Harry Winston, or any other jewelry, please email info@newyorkloan.com or call (212) 997-5626.