Nice stalking! lolHere's a video of the stone that Diamond ICQ in Hong Kong posted in 2018 (GIA lab report is shown shortly after the video begins):
But 4 months ago (September 2019), Diamond ICQ posted a video of it set into a ring mounting:
Sotheby's accepts only art work for its private sales program.Here is a video. Seems like auction is best price, but I think a lot of these stones change hands privately. I think it would make a great ring for some rich arab's wife.
Its not mine, one of my wife's friends wants to sell it and isnt sure how. I think asking dealers and the auctions for offers/ guide price is way to go. * * *
appreciate that Neil, why dont more go to auction or is that the really rare ones?The Trade and end retail aren’t really very different on this sort of thing. Even in Hollywood and the Middle-East, there are no consumers. Only collectors and every collector fancies themselves as a dealer. The primary way they change hands is through private deals. A gazillionaire will let it be known through their circles that they might be willing to sell one, if the price is right, and another gazillionaire lets it be known that they might be willing to buy one if the price is right. The middlemen negotiate for months over cocktails and eventually they come to a deal, or not. Greasing the wheels earns them a commission. It almost never sees the inside of anything you would call a store and it never, ever, sells to ‘the trade’.
They do. The problem is that auction is expensive. Fees range from 20% to 40% of the take depending on the house, the hammer price, and the details of the contract. They do sell that way, and people do it because there's a sale date and they come with a certain amount of prestige and confidence, but that all comes at a cost.appreciate that Neil, why dont more go to auction or is that the really rare ones?
Well, although understandable, the fact that the very high end jeweler has high overhead due to their premier location isn't a reason for her to sell to them.Someone else in London whose family have a very high end jewelers, said retail price if 2.6x the trade price. So basically if this stone ie worth $1.25m, then the trade price is about $500k. Seems like a high mark up but you can see the cost base these shops in premier locations have vs the number of customers in them.