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Record Breaking Auctions in 2013-2014 Influence Trend of Collateral Loans on Large Gemstones and Diamonds

Record breaking auctions suggest 2013 and 2014 have been huge years for luxury, high-end jewelers with large, high quality diamonds and colored stones. Colorless diamonds, fancy colored diamonds, sapphires, rubies, emeralds and jadeite ruled the auctions the past few years with staggering prices. New York Loan Company has seen the trend prompt clients to bring in large high quality gemstones and diamonds to make a pawn loan or sell outright. New York Loan has also had requests to search for these diamonds for clients looking to invest in large auction-worthy pieces.

Ultra-luxury jewelers, such as Tiffany & Co., Harry Winston, Van Cleef & Arpels, and Graff are the primary brands in these record breaking auctions at Sotheby’s, Christies, Phillips, and Bonham’s. Clients who consign with these auction houses are the same type of clients that frequent New York Loan Company and its sister store Beverly Loan Company.

The most notable diamond records include “The Orange” in November 2013. This large fancy vivid orange diamond is 14.82 carats and sold for $35.54 million, or $2.4 million per carat. Christie’s magnificent jewels sale in May of 2014 smashed records. This included the highest total achieved for a jewelry auction, $154.19 million, and the highest price for a fancy light pink diamond, a pink sapphire, an alexandrite, and a fancy blue-green diamond. “The Winston Blue” was also sold at this May auction. The 13.22 carat, fancy vivid blue, internally flawless diamond sold for $23.8 million, or $1.8 million per carat. This was an auction record for the highest per carat price for a blue diamond.

The most recent auction that blew other records out of the water was November 2014 in Geneva. The “Blue Belle of Asia” is a 392.52 carat, Ceylon Sapphire is that now the most valuable sapphire in the world at 17.6 million. The Geneva November auction also saw the Exquisite ruby and diamond ring from Graff. This 8.62 carat Burmese ruby is vivid red, or a color that they call in the industry “pigeon blood”. This remarkable ruby also has no indication of heating, which is very rare in gemstones.

New York Loan Company has close working relationships with auction houses, not only for fine jewelry, but also for watches, contemporary and modern art, and rare memorabilia.  Jordan Tabach-Bank, CEO of New York Loan Company, explains, “We have seen a large array of colored stones and diamonds brought in for pawn loans due to the excitement in the marketplace created by the huge numbers at the luxury auction houses.”

If interested in making a loan on a rare, one-of-a-kind diamond or gemstone, please contact New York Loan Company at 212-997-5626 or email at info@newyorkloan.com. New York Loan employs GIA trained graduate gemologists that can evaluate your stone on the spot and make an offer within minutes. New York Loan works with diamonds, both fancy colored and white, and precious gemstones – both mounted and un-mounted.