The quality of synthetic diamonds has increased to the point where they have made their way into jewelry stores, but buyers may lose out in the end.
Give back the ring and other bling? Nah. It could pay for summer camp. Or be made into a bracelet or necklace.
David Webb originally sketched the striking cuff in 1971.
Christie’s will offer a 16.08 ct. cushion-shaped fancy vivid pink diamond at its Nov. 10 Magnificent Jewels sale in Geneva and estimates the rare gem will sell for $ 23 million–$ 28 million.
The diamond is the largest of its kind to ever be sold at auction, and, in fact, only three pure vivid pink diamonds over 10 cts. have ever appeared at auction.
The spectacular stone is set as a ring, surrounded by a double row of pavé-set white diamonds and a third row of pavé-set pink diamonds. The band consists of circular-cut white diamonds set in platinum.
Sir Michael Hill, founder and chairman of the eponymous jewelry chain, is retiring on Nov. 3 and will be succeeded by daughter Emma.
Emma Hill began working at her father’s stores at 13 and has served as deputy chair of Michael Hill International since 2011. She has held a variety of management positions at the company and in 2002 spearheaded its expansion in Canada.
Sir Michael Hill will stay on the board as nonexecutive director. He remains majority owner and plans to stay engaged in the business.