Thursday, 13 May 2010
We revealed yesterday that Jeweller Bulgari SpA reported a narrower first-quarter loss on rising sales of necklaces and perfume. Now, we’ve heard reports of soaring jewel prices at a recent Sotherby’s auction.
A Reuters article stated that flawless diamonds and pieces by Cartier, Bulgari and other jewellers sold for several times estimated prices earlier in the week.
David Bennett from Sotherby’s said, “Some 50 percent of lots sold for above their estimate. It's a tremendous result.”
The G.F.C does not seem to have affected rare and exclusive luxury items. What we are enamoured with is the once-in-a-blue-moon sale of a "blue cushion-shaped diamond weighing 7.64 carats," which went under the hammer for 8.93 million Swiss francs to an anonymous buyer... well you would keep it hush hush wouldn't you...
Image credit: Upscale Hype. It shows the blue diamond.
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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au