Tag Archives: diamonds nyc

Brilliance in Round

While many people may just see simple shapes when looking at diamonds (i.e. round, square, heart), those in the diamond industry see cut, pattern, and detail when looking into a diamond. The loan officers at New York Loan for example, are trained to not only see the details in the cut, but to look at the color, clarity and fluorescence as well.

There are many different styles of cut, ranging from pear to marquis and from oval to emerald. Even in a “round” diamond, the method and type of cut can greatly affect the look of your diamond, which is why one of the most important measures for grading a diamond is “cut”.

A round brilliant was invented in 1919 by Marcel Tolkowsky, a diamond cutter from Poland. This cut gives a round diamond the maximum amount of light return, resulting in a brilliant, sparkling diamond. 58 total facets complete the round brilliant, with extra care being taken in forming the crown and pavilion angle.

The Gemological Institute of America, where the New York Loan Company staff is trained, uses the terms “Excellent, Very Good, Good, Poor, & Fair” to grade a diamond’s cut. The grading reports set the standard in the diamond industry, and can greatly affect the value of a diamond. This is why it is imperative that a GIA certificate is brought in (if available) when selling or making a loan against your diamond.

To purchase, sell, or loan against a round brilliant diamond, please reach out to New York Loan at 212-997-5626 or email at info@newyorkloan.com. The gemologists on staff at the luxury pawnshop are happy to help and answer any questions you may have.

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.

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.