May Birthstone Is Emerald

May 2024, Newsflash

May Birthstone

Emerald

Emerald, the green variety of Beryl, is the most famous and valuable green gemstone. Its beautiful green color, combined with durability and rarity, make it one of the most expensive gemstones. Deep green is the most desired color in Emeralds. The pale color Emerald is less in value. Very pale colored stones are not called Emeralds but rather "Green Beryl".

Emerald is the birthstone for May, has been beloved for evoking rebirth and renewal. Widely regarded as the definition of green, emerald is the perfect color for spring. Legend has it that emerald has the power to make its wearer more intelligent and quick-witted, and it was once believed to cure diseases like cholera and malaria. Today, it's the gemstone given for the 20th and 35th wedding anniversaries. Emerald is an excellent stone for reviving passion, whether for an interest, a person, or a job. To attract romantic love, wear or carry an Emerald out of sight near the heart. It heals heartbreak and gives the strength needed to overcome the misfortunes of life. Emeralds are also a stone of great vision and intuition, associated with the eyes and sight, long believed to foretell future events and reveal one’s truths. It is a stone of wisdom, enhancing memory and increasing mental clarity. It combines intelligence with discernment and brings to the conscious mind what is unconsciously known. Emerald also increases focus and intent, activating psychic abilities and opening clairvoyance.

Jewelry Auctions

By: Lenore Fedow – National Jeweler Magazine.

16-Carat Yellow Diamond Fetches $1M+ at Phillips HK

The brilliant-cut fancy vivid yellow stone sold for $1.1 million.

Featuring a brilliant cut, a rare style for a fancy-colored diamond, this 15.51-carat fancy vivid yellow diamond sold for over $1 million, near the top of its pre-sale estimated range of $950,000 to $1.3 million.

Hong Kong—A 16-carat yellow diamond from Phillips’ Hong Kong Jewels auction sold for $8.9 million Hong Kong dollars ($1.1 million), at the higher end of what was expected for the stone.

The headlining 15.51-carat fancy vivid yellow diamond, set in a ring, is a brilliant-cut diamond, a cutting style known for resulting in a great loss of material. Phillips noted earlier that it is “extremely rare” to see brilliant-cut natural colored diamonds, as the value of colored diamonds often results in cutting styles that maximize carat weight yield. The yellow diamond was the top lot of the auction, which garnered HK$32 million ($4 million). With 66 lots sold of the 91 lots offered, the auction was sold 73 percent by lot and 76 percent by value. Phillips Jewels’ Worldwide Head of Jewelry Benoît Repellin and Head of Sale, Hong Kong, Louisa Chan said fancy-colored diamonds “commanded the sale.”

An 11.08-carat heart-shaped fancy yellow diamond ring sold for HK$1 million ($133,091), outdoing its pre-sale high estimate of HK$780,000 ($100,000).

This ring featuring an 11-carat heart-shaped fancy yellow diamond between two pear-shaped diamonds mounted in white and yellow gold sold for more than $130,000.

A 2.65-carat fancy intense orangy pink diamond ring fetched HK$2.9 million ($373,304), just below its high estimate of HK$3 million ($400,000).

A 3-carat pear-shaped fancy intense orangy pink diamond between two pear-shaped diamonds, mounted in white and pink gold.

Highlighted as a piece expected to sell for up to HK$3.5 million ($450,000), a spiraling dome ring featuring a 1.38-carat fancy vivid purplish pink diamond did not find a buyer. A brilliant-cut colorless 5.53-carat diamond with D color and VVS1 clarity sold within its estimate for HK$1.9 million ($243,459), rounding out to just over $44,000 per carat.