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April 3, 2020

In the world of spectacular gemstones and diamonds auctions, Indians emerge as the big collectors

At this very moment, all eyes are on London, where Graff, the British manufacturers of fine jewellery and watches has announced the auction of the 302.37-carats emerald-cut diamond. The Graff Lesedi La Rona, the largest piece of principal diamond carved out from the 1,109-carat Lesedi La Rona, a rough diamond ferreted out from within the womb of a Botswana diamond mine, is said to be of exceptional quality and will go on auction within another month.

The question uppermost in the minds of most investors in fine jewelry and precious stones is:  will an Indian jeweler or collector buy this stunning diamond?  The last time a significant piece of precious stone came up for auction, it was an Indian jeweler that sent out the winning bid.

Rajkumar and Rishabh Tongya, the father-son duo behind the luxury jewelry brand, DiaColor, have purchased some of the brightest precious stones in the past few years. Their last, and most talked about buy was a stunning green-colored gemstone. Christened Inkalamu or Lion Emerald, it was themost expensive single emerald in the world and was auctioned by Gemfields.

Read more about Indian collectors in the world of gemstones and diamonds online HERE

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