{"id":652,"date":"2023-05-02T02:28:30","date_gmt":"2023-05-02T02:28:30","guid":{"rendered":"https:\/\/gemcal.com\/?p=652"},"modified":"2023-05-09T06:04:56","modified_gmt":"2023-05-09T06:04:56","slug":"spinels-on-the-block-record-spinels-auctions","status":"publish","type":"post","link":"https:\/\/gemcal.com\/spinels-on-the-block-record-spinels-auctions\/","title":{"rendered":"Spinels On The Block- Record Spinels Auctions"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"652\" class=\"elementor elementor-652\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42ae4e0 e-flex e-con-boxed e-con\" data-id=\"42ae4e0\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-84e79be elementor-widget elementor-widget-spacer\" data-id=\"84e79be\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0362b5f e-flex e-con-boxed e-con\" data-id=\"0362b5f\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23e2ba5 elementor-widget elementor-widget-heading\" data-id=\"23e2ba5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Spinels On The Block- Record Spinels Auctions<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77e5165 elementor-widget elementor-widget-image\" data-id=\"77e5165\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"184\" src=\"https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/record.jpg\" class=\"attachment-large size-large wp-image-666\" alt=\"\" srcset=\"https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/record.jpg 870w, https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/record-600x138.jpg 600w, https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/record-300x69.jpg 300w, https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/record-768x177.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e098ee elementor-widget elementor-widget-text-editor\" data-id=\"3e098ee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>In 2015, Bonhams, a leading luxury auction house in London, set a record with the sale of a spinel that hadn\u2019t been seen in 98 years. The plum-colored, 50.13-carat Hope Spinel from the renowned Hope Collection was last spotted at auction in 1917, where it sold for about US$ 120,000 in today\u2019s currency. Bonhams expected the spinel to fetch around US$ 300,000: a bidding war brought the final price for the plum-colored stone to US $1.4 million \u2013 an unprecedented US$ 30,000 per carat.\u00a0<\/p><p>Richard W. Hughes, the prominent gemologist, has compiled information on spinel auction records, but notes that there is not a great deal of information \u201csince so few of these gems end up at auction\u201d.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a434c1d e-flex e-con-boxed e-con\" data-id=\"a434c1d\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e504344 e-con-full e-flex e-con\" data-id=\"e504344\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d82b713 elementor-widget elementor-widget-image\" data-id=\"d82b713\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"206\" height=\"244\" src=\"https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/hope_spinel_3.jpg\" class=\"attachment-medium size-medium wp-image-671\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4bbb04d e-con-full e-flex e-con\" data-id=\"4bbb04d\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1089ccb elementor-widget elementor-widget-text-editor\" data-id=\"1089ccb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This may change in the very near future. In 2011, The Economist described a growing trend among investors towards colored stones. Among the factors driving these investments included the belief that colored gems are deliver good luck \u2013 a strong force, especially for Asian buyers \u2013 along with the desire of wealthy investors to diversify their assets: gems are both portable and tangible.\u00a0 And, finally, colored stones are actually rarer and more difficult to obtain than, for instance, a diamond; while diamond mining is an enormous business, the Economist noted that \u201cgood-quality colored stones are hard to find in the ground at the best of times. The outfits digging for them tend to be tiny compared with the diamond giants\u201d.<\/p><p>Auction houses in 2016 continue to notice an upswing in colored gems, particularly as collectors look towards less traditional stones with more appealing pricing. As Vivian Chen from the South China Morning Post wrote, \u201c\u2026market confidence in colored gemstones has grown significantly in the past few years thanks to transparent valuation standards, the establishment of institutional gemology labs and active market transactions.\u201d<\/p><p>Jewelry designers are on board as well, bringing gems such as spinels and jadeite to the attention of collectors with edgy, exciting pieces. Skinner Auctioneers, based in the United States, offers spinels in pieces by designers such as John Hardy and Andrew Grima, as well as in antique jewelry and as loose stones. These beautiful but untitled spinels tend to be priced at more affordable levels.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d11f4f9 e-flex e-con-boxed e-con\" data-id=\"d11f4f9\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-9dd06c4 e-con-full e-flex e-con\" data-id=\"9dd06c4\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-02783f9 elementor-widget elementor-widget-image\" data-id=\"02783f9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"274\" height=\"300\" src=\"https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/Mogul_Names_Necklace.jpg-274x300.png\" class=\"attachment-medium size-medium wp-image-670\" alt=\"\" srcset=\"https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/Mogul_Names_Necklace.jpg-274x300.png 274w, https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/Mogul_Names_Necklace.jpg-600x656.png 600w, https:\/\/gemcal.com\/wp-content\/uploads\/2023\/05\/Mogul_Names_Necklace.jpg.png 648w\" sizes=\"(max-width: 274px) 100vw, 274px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-26f72cc e-con-full e-flex e-con\" data-id=\"26f72cc\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4819747 elementor-widget elementor-widget-text-editor\" data-id=\"4819747\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Meanwhile, Bonhams, Christie\u2019s and Sotheby\u2019s \u2013 the most well-known luxury auction houses worldwide, have sold unique, sometimes historic \u2013 and very, very expensive \u2013 spinels. Although the Hope Spinel set a new record for the highest price per carat for spinel, Christie\u2019s still holds the record for the highest price ever paid for spinel jewelry: the 2011 sale of the Imperial Mughal necklace &#8211; an 11-bead marvel weighing a total of 1,131.59 carats \u2013 for US$ 5,214,348.<\/p><p>Hughes says that it is common to reference auction prices when looking at precious stones. \u201cNot because they represent the highest prices paid, for they don\u2019t; the finest gems generally trade hands in private sales at prices above the auction market. We reference them because the auction scene is an open reflection of the world gem market.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-753916e e-flex e-con-boxed e-con\" data-id=\"753916e\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2fe5356 elementor-widget elementor-widget-text-editor\" data-id=\"2fe5356\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>\u00a0<\/p><ul><li><a href=\"http:\/\/www.gia.edu\/gems-gemology\/Spring-2013-shor-auction\">http:\/\/www.gia.edu\/gems-gemology\/Spring-2013-shor-auction<\/a><\/li><li><a href=\"http:\/\/www.ajsgem.com\/articles\/top-10-investment-gems.html\">http:\/\/www.ajsgem.com\/articles\/top-10-investment-gems.html<\/a><\/li><li><a href=\"http:\/\/www.reuters.com\/article\/us-auction-jewels-idUSKCN0IX1IU20141113\">http:\/\/www.reuters.com\/article\/us-auction-jewels-idUSKCN0IX1IU20141113<\/a><\/li><li><a href=\"http:\/\/www.jewellermagazine.com\/Article.aspx?id=5425\">http:\/\/www.jewellermagazine.com\/Article.aspx?id=5425<\/a><\/li><li><a href=\"http:\/\/www.ruby-sapphire.com\/r-s-bk-quality5.htm\">http:\/\/www.ruby-sapphire.com\/r-s-bk-quality5.htm<\/a><\/li><li><a href=\"https:\/\/www.gemsociety.org\/article\/investing-in-gems\/\">https:\/\/www.gemsociety.org\/article\/investing-in-gems\/<\/a><\/li><li><a href=\"http:\/\/diamondestatejewelrybuyers.com\/top-auction-houses-for-jewelry-diamonds-watches\/\">http:\/\/diamondestatejewelrybuyers.com\/top-auction-houses-for-jewelry-diamonds-watches\/<\/a><\/li><li><a href=\"http:\/\/www.economist.com\/node\/21528623\">http:\/\/www.economist.com\/node\/21528623<\/a><\/li><li><a href=\"https:\/\/www.skinnerinc.com\/search?s=Spinel\">https:\/\/www.skinnerinc.com\/search?s=Spinel<\/a><\/li><li><a href=\"http:\/\/robbreport.com\/jewelry\/hope-spinel-sells-world-record-14-million-bonhams-auction-video\">http:\/\/robbreport.com\/jewelry\/hope-spinel-sells-world-record-14-million-bonhams-auction-video<\/a><\/li><li><a href=\"https:\/\/www.bonhams.com\/auctions\/22642\/lot\/146\/\">https:\/\/www.bonhams.com\/auctions\/22642\/lot\/146\/<\/a><\/li><li><a href=\"http:\/\/www.lotusgemology.com\/index.php\/library\/articles\/160-under-the-hammer-ruby-sapphire-auction-records\">http:\/\/www.lotusgemology.com\/index.php\/library\/articles\/160-under-the-hammer-ruby-sapphire-auction-records<\/a>\u00a0 [also has photos]<\/li><li><a href=\"http:\/\/www.forbes.com\/sites\/anthonydemarco\/2015\/09\/05\/rare-50-carat-hope-spinel-up-for-auction-with-310000-estimate\/#4558835e7f35\">http:\/\/www.forbes.com\/sites\/anthonydemarco\/2015\/09\/05\/rare-50-carat-hope-spinel-up-for-auction-with-310000-estimate\/#4558835e7f35<\/a><\/li><li><a href=\"http:\/\/uk.blouinartinfo.com\/news\/story\/1310453\/colored-stones-will-drive-jewelry-market-in-2016-says-bonhams\">http:\/\/uk.blouinartinfo.com\/news\/story\/1310453\/colored-stones-will-drive-jewelry-market-in-2016-says-bonhams<\/a><\/li><li><a href=\"http:\/\/www.ajsgem.com\/articles\/top-10-investment-gems.html\">http:\/\/www.ajsgem.com\/articles\/top-10-investment-gems.html<\/a><\/li><li><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/f8c1618e-2ed1-11e5-91ac-a5e17d9b4cff.html#axzz4DCJmHn7D\">http:\/\/www.ft.com\/cms\/s\/0\/f8c1618e-2ed1-11e5-91ac-a5e17d9b4cff.html#axzz4DCJmHn7D<\/a><\/li><li><a href=\"http:\/\/www.scmp.com\/magazines\/style\/article\/1873766\/coloured-gemstones-rise-demand-among-jewellers-and-investors-supply\">http:\/\/www.scmp.com\/magazines\/style\/article\/1873766\/coloured-gemstones-rise-demand-among-jewellers-and-investors-supply<\/a><\/li><li><a href=\"http:\/\/www.sothebys.com\/en\/auctions\/ecatalogue\/lot.1669.html\/2011\/magnificent-jewels-and-jadeite-hk0359\">http:\/\/www.sothebys.com\/en\/auctions\/ecatalogue\/lot.1669.html\/2011\/magnificent-jewels-and-jadeite-hk0359<\/a><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Spinels On The Block- Record Spinels Auctions In 2015, Bonhams, a leading luxury auction house in London, set a record with the sale of a spinel that hadn\u2019t been seen in 98 years. The plum-colored, 50.13-carat Hope Spinel from the renowned Hope Collection was last spotted at auction in 1917, where it sold for about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":666,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/posts\/652"}],"collection":[{"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/comments?post=652"}],"version-history":[{"count":28,"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/posts\/652\/revisions"}],"predecessor-version":[{"id":1224,"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/posts\/652\/revisions\/1224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/media\/666"}],"wp:attachment":[{"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/media?parent=652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/categories?post=652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gemcal.com\/wp-json\/wp\/v2\/tags?post=652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}