Category Archives: fancy color diamonds

Colored Diamonds; Really The Blues Part II

by Richard W. Wise, G.G.

© 2013

Fancy diamonds are back in the news, another auction record broken  This time its blues.  At Bonhams of London, a 5.30-carat fancy deep-blue diamond set a world auction record for price per carat when it sold for approximately $7.3 million, or $1.8 million per carat bettering the previous record of 1.68 million per carat.  I recall a 5+ carat Fancy Deep blue emerald cut I viewed at the Las Vegas show some five years ago with an askiing price of 1 million per carat, quite a nice appreciation.

Some might argue that auction prices do not reflect actual market prices, but in the case of fancy colored diamonds and colored gems such as important ruby and sapphire, auction prices set the market.  This is a pattern that began to emerge in the 1990s and accelerated in the early 2000s as retail buyers became a larger factor in the auction market.  Online auctions also have helped spread the word about important gem sales and in many cases, auction prices actually lead the way.

Update on The Wittelsbach:

Another famous blue diamond is The Wittelsbach, the largest blue diamond ever sold at auction.   I wrote about this gem previously,   After being recut and regraded from Fancy Deep Grayish Blue to Fancy Deep Blue and exhibited at The Smithsonian Institution side by side with The Hope, London dealer Lawrence Graff reportedly sold the gem for $80,000,000 or something over 3.3 million per carat.

  Of course there are a number of Fancy Deep Blue diamonds over five carats but no others over thirty excepting The Hope.  Weighing in at 31.06 carats, The Wittelsbach commands a price based on the extreme rarity of a colored diamond of this size.

The Wittelsbach; Old Stone New Myths

The Wittelsbach, the second most famous diamond on earth, newly recut and renamed The Wittelsbach-Graff went on view at The Smithsonian Institution last week.   The unveiling of the diamond was attended by several luminaries including its billionaire owner Lawrence Graff accompanied by what Graff called “new stories” among them the newly minted  story that the diamond was originally found and brought to Europe by the famous French diamond dealer Jean Baptiste Tavernier.

The 116 carat Great Blue diamond that French gem merchant sold to Louis XIV of France in 1669, from a drawing by Tavernier published in the 1st French edition of Le Six Voyages in 1689.

The 116 carat Great Blue diamond that French gem merchant sold to Louis XIV of France in 1669, from a drawing by Tavernier published in the 1st French edition of Le Six Voyages in 1689.

Tavernier’s relationship to The Wittelsbach is tenuous at best.  The French gem merchant, the man who brought the great blue diamond that subsequently became the Hope to France and sold it to Louis XIV, wrote a 17th Century bestseller called The Six Voyages of jean Baptiste Tavernier that I have just released in novel form called; The French Blue, never mentions the stone.  To be fair he never mentions the Great Blue either but he does include an invoice which pictures the blue in his book.   The first mention I have seen of Tavernier’s possible relationship to The Wittelsbach appeared in a recent New York Times article.   The Times writer, Guy Trebay, admits that the relationship is little more than a possibility.

CroppedRoskin
The recut Wittelsbach-Graff Diamond. The recut preserved the original double stellate facet pattern and resulted in a upgraded GIA color grade of Fancy Deep Blue. Photo: Courtesy Gary Roskin

Though The Smithsonian is hosting the exhibition, Graff’s myth making marketing machine appears to be controlling every aspect of the exhibit.   Access to the gem have been carefully controlled. Only a few select gemologists/experts have been even allowed to see it.  One of the few journalists allowed access, Gary Roskin of The Roskin Report describes the evening:

"We were there from 5 pm until 11:30 pm, examining, and photographing. The
atmosphere was both giddy and serious. And why not? We were handling the
Hope Diamond, the world's most important deep blue, and the"
Wittelsbach-Graff, a stone that until recently was mysteriously gone from
public view. And now, here they were, possible relatives, sitting side by
side. It was quite magical."

Graff spokesman Henri Barguirdjian in an interview with Financial reporter Maria Bartiroma attempted to ah—refashion the debate over the re-cutting of the historically important  gem that resulted in a loss of 4.45 carats as merely a “re-polishing”.   Despite the fact that the stone is currently on view in a public institution, Graff is doing his best to control information about the gem.  This writer was told that even requests for images of the newly refashioned gem must be approved by the Graff organization.

Well, as I reported previously, this particular “repolishing” resulted in a loss of 4.45 carats and the upgrading of the stone from a GIA grade of Fancy Deep Grayish Blue to Fancy Deep Blue and from VS to Flawless clarity.  In the world of blue diamonds this upgrade would add a minimum of $500,000 per carat to the value of a smaller blue gem.   To give Graff his due, he did not make the same mistake as the buyers of the Agra Pink, the recut followed the original  facet pattern.

Though some experts have said that re-cutting the diamond was a travesty that would destroy its historical provenance,  it is hardly without precedent.   The gem’s big brother, the 45.52 carat Hope Diamond, originally 116 metric carats when Jean Baptiste Tavernier brought it from India, has been entirely refashioned not once but twice.  The first recut, the gem that came to be known as The French Blue was ordered by Louis XIV and supervised by his court jeweler Jean Pitau.  This reduced the stone into a shield shaped gem of 68 metric carats.  The second recut occurred sometime after The French Blue, then set in the Medal of The Golden Fleece, was stolen from a French warehouse in 1792.

Update on Oyo Valley Red Tourmaline:

A range of hues in red tourmaline from Nigeria's Oyo Valley.  Note the exceptional transparency (crystal) in these gemstones
A range of hues in red tourmaline from Nigeria’s Oyo Valley. Note the exceptional transparency (crystal) in these gemstones Photo: Robert Weldon

You’ll recall I mentioned the new Oyo Reds from Nigeria in my last post.  Here is an image.  There has been little red tourmaline in the market in the past few years and much of what was previously available was also from Nigeria.  This material occurs in very large crystals that are sawn then cut.  Very large eye-flawless gems are available, with stones up to 50 carats not uncommon.

Prices of this new material are very competitive and suites of matched stones, a rare occurrence in tourmaline, are available.

The Golconda Diamond

Golconda Diamond

by Richard W. Wise

© 2007

Just the other day one of my readers emailed a question about Golconda diamonds. A search of the literature reveals a great deal of uncertainty about the exact meaning of the term. The source of some of the confusion can be traced to the fact that the term Golconda diamond, like many another bandied about by diamond dealers and auction houses has more than one definition; this one appears to have two; one geographic the other varietal.

Definition 1:

Until the year 1725, when diamonds were discovered in the Brazilian state of Minas Gerais, most of the world’s diamonds came from India. A group of mines concentrated around the Krishna River in the Kingdom of Golconda, located in the modern Indian state of Andhra Pradesh, were one major source of Indian diamonds. A majority of the diamonds mined were subsequently sold in the City of Golconda which became a major trading center. Several of the major mines, including Rammalakota and Kollur are mentioned by the famous Seventeenth Century French gem merchant Jean-Baptiste Tavernier as being a source of high quality diamonds.

Thus, our first definition: A Golconda diamond is a diamond from a specific geographic area within the historic Kingdom of Golconda.

Tavernier was one of the first connoisseurs to notice that diamonds from these mines were often exceptionally transparent and describes the best of the stones as” gems of the finest water.” The four criteria for evaluating any gemstone are: Color, Cut, Clarity and Crystal. These are what I refer to in my book, Secrets Of The Gem Trade, as “the Four Cs of Connoisseurship.” The term “water” combines two of the four, color and crystal. Color in diamond refers to relative colorlessness, a diamond graded “D” the highest grade, is a diamond totally without any trace of yellow. Crystal is the synonym for transparency that I have chosen to describe the fourth C of connoisseurship. I chose it because of its connotation (clear as crystal) and because it starts with the letter C and rhymes with the other three and is easily remembered.

Modern scientific analysis has shown that many famous high quality diamonds such as the Cullinan, Regent (image: at top of page) and The Koh-I-Noor that can be proven to come from the Golconda area are of a specific type of rare, almost pure diamond known as Type IIa. Less than 1% of the world’s diamonds are Type IIa. Scientifically speaking, Type IIa diamonds are diamonds that conduct electricity and contain no significant amount of nitrogen in the diamond crystal lattice.

Nitrogen is the impurity in diamond that imparts the yellowish hue. The lack of yellow makes for a pure colorless (D,E,F) color diamond. For some unknown reason, possibly plastic deformation of the crystal or unknown color centers, some type IIa diamond have yellowish, brownish or even pink body color. Some experts claim that all Golconda diamonds are Type IIa. There is, as far as I know, no scientific evidence to back up that claim.

Definition 2:

Science has not explained the exceptionally degree of transparency found in many Golconda stones. Some Type IIa diamonds also exhibit exceptional transparency or crystal. It may have something to do with the purity of the carbon crystal lattice. Type IIa diamonds are highly transparent in shortwave ultraviolet light.

The visible attribute is variously described as “clear as a mountain stream”, “whiter than white” and “super-d”. Some of these terms are misleading what we are talking about is super-crystal.

Transparency is more important in gems that are poorly cut. In India, then as now, good proportions took a backseat to size and weight. The French Blue, the type IIb gem that eventually became the Hope Diamond was originally 112 carats. Five years after Tavernier sold the stone to Louis XIV, Pitau the king’s diamond expert recut the stone to 66 carats to improve its brilliance and life a 40% loss in weight that would never have been countenenced in India. Visually, gems of fine water, however well cut, possess a unique beauty not found in other diamonds. In a world flooded with diamonds, this is indeed something special.

Thus, our second definition: Diamonds regardless of geographic origin that are of high color (D-E) that exhibit exceptional crystal are often called Golconda Diamonds.

The situation discussed above in not unique. Before gemologists worked out a way to identify the geographic origin of some diamond, ruby, sapphire and emerald; gems with characteristics similar to those from a certain source were often described using geographic terms such as Cape (as in Good Hope), Kashmir, Burma and Ceylon. These terms have become ingrained in the public mind and associated with certain levels of quality. So today gemstones that can be proven to come from a famous location will often command a high premium that has little or no relationship to the quality of the given gemstone. At auction, diamonds with a proven Golconda provenance may fetch a premium of 50% or more over a diamond of comparable quality that lacks the Golconda provenance.

How does one establish that a diamond is from Golconda? Well, if you can document a chain of ownership dating back to 18th Century India you have a good case. If you are depending on science, forgetaboutit. Even if all Golconda diamonds were type IIa, it does not follow that all IIa diamonds are from Golconda. In fact we know that Brazil has produced type IIa stones.

So, eventually, you think, science will solve the puzzle. Not likely, diamonds are formed within the earth’s mantle deep beneath the country rock where ruby, sapphire and emerald are formed. Diamonds do not contain the signature inclusions that can be matched up with specific geographic locations that make it possible to identify their origin.

Ok, so which would you rather have, a diamond with high color and exceptional crystal or a diamond from one of the historic mines of Golconda? Well, if you are selling the best answer is both because if it of the finest water and a proven Golconda provenance it will command the highest premium of all. Speaking for myself, give me the most beautiful rock. Wouldn’t it be a lot simpler if the finest diamonds came from Hoboken, New Jersey.

If you are interested in learning more about Golconda Diamonds or are simply looking for a new way to dazzle your friends at cocktail parties. Read more about the four Cs of connoisseurship. Follow me on gem buying adventures in the pearl farms of Tahiti. Visit the gem fields of Australia and Brazil. 120 carefully selected photographs showing examples of the highest quality gems to educate the eye, including the Rockefeller Sapphire and many more of the world’s most famous gems. Consider my book: Secrets Of The Gem Trade, The Connoisseur’s Guide To Precious Gemstones.


“Wise is a renowned author… He’s
done a marvelous job of this first book, monumental work, a tour de force…My recommendation: Buy this book”.

Charles Lewton-Brain, Orchid

Only $37.95. Read a couple of chapters online: www.secretsofthegemtrade.com.

Buy it on Amazon: www.amazon.com

News From Our Workshop



Handmade Originals

By Richard W. Wise, G.G.

© 2007

Well, we are home and back in the saddle again. I am sure that you are all heartily sick of images of us having fun in the sun but, Rio, St. Helena’s, Namibia, South Africa, Mozambique and Kenya: what a great trip.

One good reason to come home, a chance to see two beautiful new creations from the workbench of Laurie Donovan. These handmade original rings are made using a technique we call “floral appliqué”.



The Inspiration:

The design inspiration is drawn from Ukiyo-e or Japanese woodblock printing. The Ukiyo-e style began to influence Western art shortly after the island empire was pried open by Commodore Perry in 1855. In Japan, Ukiyo-e was originally a cheap reproducible art form aimed at the masses, so cheap that these prints originally found their way to Europe, stuffed into crates, as packing material. It wasn’t long before the Ukiyo-e style began to have a strong impact on Western art, inspiring the Art Nouveau movement along with such disparate souls as Gaugan, Van Gogh and Frank Lloyd Wright. (image right: 19th Century Japanese Ukiyo-e woodblock print with stylized leaves)

Ring #1,The Design:

Ukiyo-e provides an excellent point of departure for the Spectrum Award winning artist to demonstrate her lyrical mastery of line. In her experienced hand the jeweler’s saw becomes as versatile as an artist’s pencil. (image left: Ms. Donavan cuts individual petals from gold sheet with jeweler’s saw) The choice of colored golds, in this case yellow and white, provide a subtle counterpoint. The shank of the ring is in 18k white with a sanded finish. This finish adds depth and allows the polished yellow leaves to standout sufficiently to echo and complement the vivid scintillation of the Fancy Vivid Yellow and colorless (D-VS2) diamonds.

The Gems:

Exceptionally brilliant, these Fancy yellows have a slight orangy secondary hue (FVoY). Vivid Yellows will almost always read as either slightly orange or slightly greenish. The orange secondary hue is much to be desired because it adds a sense of sunny warmth. (pictured right, original parcel of FVoY from which these stones were taken)

Ring #2, Design & Gems:

Ms Donovan constructed the second floral appliqué ring of green gold with rose colored appliquéd flower petals. Again the artist draws inspiration from the highly stylized Ukiyo-e designs. Each individual rose gold petal
is unique and beautifully frames the diamond to complete the blossom. These two colored golds are sufficiently exotic to stand up against the combined scintillation of three ideal cut round (D Vs2) diamonds. The green gold is cool, the rose warm. Note the artist has pierced the center section of the design to open it up and give it a lighter feeling. The green gold shank has been sand finished to maximize the contrast and bring out the color of the delicate rose colored petals.

Custom Design; From Concept to Completion:

We have specialized in custom design since our company was formed in 1978. We stand ready to work with you.

Rings in the floral appliqué style can also be made with other gemstones (yours or ours) by custom order. We have been working with contented clients for 28 years. Prices start at about $2,000.00 for a ring in 18k and vary depending upon the complexity of the design. As always the pieces are designed around and for the stones and we create several life-size sketches from which to choose your own unique design. If the first sketches don’t please you we will do more. There is never an extra charge for our creative services.

Visit our online gallery; www.rwwise.com. and send us an email richard@rwwise.com or call us toll free at 800.773.0249 (413.637.1589 in Berkshire County, or outside the U.S.).

Hours; Dead of winter: Thursday, Friday and Saturday from 10-5 (EST). Leave a message and we will call you back.

Interested in reading more about real life adventures in the gem trade? Follow me on gem buying adventures in the exotic entrepots of Burma and East Africa. Visit the gem fields of Austrailia and Brazil. 120 photographs including some of the world’s most famous gems. Consider my book: Secrets Of The Gem Trade, The Connoisseur’s Guide To Precious Gemstones.

“Wise is a renowned author… He’s
done a marvelous job of this first book, monumental work, a tour de force…My recommendation: Buy this book”.

Charles Lewton-Brain, Orchid

Now only $26.95. You can read a couple of chapters online: www.secretsofthegemtrade.com.

Buy it on Amazon: www.amazon.com

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Possibilities for holiday giving

By Richard W. Wise, G.G.

© 2006

The holidays are fast approaching. I thought readers might like to take a look at a something new from our workshop.

During our summer show, I took the opportunity to select one of the most interesting of the Michael Dyber gem sculptures to make into a necklace and turned it over to Douglas Canivet. The center stone pictured is a 42.25 carat ametrene. This gem material shows both yellow and purple in the same crystal. It comes from only one mine, Anahi in Boliva. I like the combination of zoning and rich color and the sensitive way Michael integrated the natural features of the gem into a pleasing composition.

The necklace was completely hand fabricated. For those of you who don’t know, hand fabrication is the old method of hand making. We use the same methods as those pictured on the tombs of Egypt’s famous Valley of the Kings. In this case all the pieces were cut out of sheet gold. I don’t like to use the term handmade because everyone, including a lot of stuff that is mass-produced, is called “handmade.”

Construction and Materials:

The construction, exclusive of design time, took more than sixty hours, that’s a week and a half for a master craftsman of Doug’s caliber. We used 35.3 penny-weight (dwt.) of 18k gold. Penny weight is an old unit of measure, 20 dwt. to the ounce so a bit over an ounce and a half. The eight diamonds; 1.08 carat total weight of D-E, VS color ideal cut stones set in handmade tubes. Ideal cuts are perfectly proportioned stones that deliver between 92-98% total light return. They are dazzlers!

Notice the joinery, how the angles at which the gold links join create a juxtaposition of shape and plane that compliment the center sculpture. Note how the diamonds appear to float. The gold has a sandblasted finish. This allows the gems visual room to work.

Craftsmanship:

Contemporary hand fabricated jewels look simple. Because the designs are clean without excessive ornamentation you get the idea that they are simpler to make than say Victorian pieces with all the filagree. Not true! Most handmade jewelry is put together with gold solder and gold solder will not “fill in” empty space so every join must be fitted perfectly. Fine cabinetry is a good analogy. Its very much like building a desk or cabinet. Every angle requires a solder joint. It took about eight separate pieces just to make the setting for the center stone. In this necklace everywhere you see an angle there is a join and if the fit is not perfect you will see lumps, holes and porosity at the joint. In such a “simple” design there is no where to hide your mistakes. A master’s hand is evident not only in what you see but also in what you don’t see.

Handmade is better made:

Is there a difference between hand made and mass-manufactured. Most mass-manufactured jewelry is designed by people who have never worked in gold. The design is drawn or created on a computer then mastered in wax. The element of dialogue, the give and take between the artist and his materials together with the fine eye and sensitive mark of the hand is always missing. Then, of course, it is the only one! Does uniqueness have value? Today, much custom design is done with CAD software. A craftsman can tell a CAD designed piece a mile away. It is yet another step removed from the hand. To me CAD designed jewelry has a sterile soul-less quality.

Other Possibilities:

May I show you some of the newest additions to my gem collection? These are stones sourced on my recent trip to The Orient. These are one of a kind gems that to my eye are extraordinary.

Padparadscha Sapphire:

There seems to be a lot of interest in Padparadscha sapphire. As I define it in my book; Secrets Of The Gem Trade, Padparadscha, the word is a corruption of the Singhalese padma raga or “color of the Lotus”. Padparadscha is a pinkish orange to orangey pink sapphire. Here is the important point it must be a delicate hue. The Sri Lankans prefer as stone with a bit more pink than orange. This stone embodies the essence of the term. It is a 3.98 carat natural stone with no enhancement or treatment of any kind. It is has a flower-petal soft quality.

True un-monkeyed-around-with padparadscha sapphires is one of nature’s great rarities. This is one of the finest stones I have seen in my career. The shape makes it an excellent candidate for a pendant but if you will accept my advice, make a ring. Rings are for people who love gems and want to stop and admire.

Purple Mozambique Tourmaline:

Rare and beautiful, until the new find of cuprian tourmaline from Mozambique, I had never seen a purple tourmaline. Most purple tourmaline is actually purplish red. I am told that true purples have been found in the past few years but they were almost always heated to turn them the more desired electric blue.

I am told that the stones from Mozambique are of two types; those that can be successfully heated and those that cannot.

This one is a visually pure purple. It weighs 8.14 carats. In the magnified image you can see straight growth tubes but without magnification the stone is eye-flawless viewed face-up. It is a visually pure purple with no evidence of gray and it stands up well in both natural and incandescent lighting.

Fancy Color Diamonds; A Sweet Suite:

I tried to resist this delectable suite of orange and purple fancy color diamonds but I failed. The language of the GIA certificate calls the center a “Yellow-Orange” meaning that the two hues exist in fairly equal proportions. To me it is a yellowish-Orange, a true tangerine with all the warmth and richness of the sun kissed fruit. The two vivid purple-pinks are pure of hue with no gray or brown to either dull or muddy the hue. All three understated, elegant and beautifully cut.

A Burma Gem:


This ruby is a 2.05 carat emerald cut gem. What is a “gem”. In the gem trade, this is the appellation reserved for the crème de la crème, the finest of the fine. Everything, color, cut, clarity and crystal must be outstanding for the gem type and here it is.

“Asking to see the pigeon’s blood is like asking to see the face of God.”

Anonymous Burmese Trader

Love that quote but the truth is not quite so mysterious. “Pigeon’s blood” is a pure medium dark red with a touch (10-15%) blue that when mixed with the red reads as purplish. As an old Burmese jeweler explained it; the blue is cancelled out its compliment, the rich yellow of high carat gold leaving the gem a visually pure scarlet when set.

We have a number of fine rubies as well as fine handmade originals, antique jewelry and gemstones pictured on our website: www.rwwise.com . Please take a look and if you see something you like call me at 800.773.0249 or 413.637.1589 if you live in Berkshire County.

Looking for a large stocking stuffer? Consider Secrets Of The Gem Trade, The Connoisseur’s Guide To Precious Gemstones. Now in PAPERBACK for only $26.95 at our website or slightly higher at Amazon.com www.secretsofthegemtrade.com.

“Wise is a renowned author… He’s
done a marvelous job of this first book,
a monumental work, a tour de force…

My recommendation: Buy this book”

Charles Lewton-Brain, Orchid