The Fine Jewellery Auction Industry

 

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In anticipation of the upcoming Dupuis Fall Auction on November 24th, the GIA Ontario Alumni Association, in partnership with the Diamond Bourse of Canada, invites you to join guest presenter Duncan Parker for an evening dedicated to

 The Fine Jewellery Auction Industry

 This educational and networking opportunity will also allow non-Bourse members to discover the organization’s facility and daily operations, as well as exchange with key industry peers and colleagues

 on Tuesday, November 12th, 2013, from 7pm to 9pm

 at the Diamond Bourse facility located at:  27 Queen Street East, suite #701

 Member/Student Fee: $10 – Guest Fee: $15  (Cash payment at event)

 Due to high demand in past events and limited seating, RSVP is required: giaalumniontario@gmail.com 

 Join us as we learn how an auction works, how to recognize types and periods of jewels, as well as the role that gemmologists play in the auction process.  Duncan will also share key information about items that are generally of most note at an auction, as well as specific examples from the upcoming Dupuis Fall auction.

 About the presenter:

Duncan Parker is Vice President at Dupuis Fine Jewellery Auctioneers. He is also President of The Canadian Gemmological Association, President of Jewellers Vigilance Canada, as well as former partner at Harold Weinstein Gemmological Laboratory, and long-time educator at the Canadian Gemmological Association, George Brown College, and Ryerson University’s Life Institute.

Please join us for a memorable evening!

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Genesis Rare Diamonds Sells 15-Ct. Asscher Cut for $3M

DBC Member Genesis Rare Diamonds, in the News!

Genesis Rare Diamonds (Ontario) Ltd., sold a 15.10-carat, D, flawless, Asscher cut diamond to a client in Canada for  $3.3 million.asscher cut

Jeff Kushner, the president of Genesis Rare Diamonds, said, “The buyer of the diamond, an existing client of Genesis, stated to us several years ago that she was seeking an Asscher cut, D color, internally flawless diamond of approximately 10 carats and that she has been searching for such a diamond for almost 20 years, but to her dismay she was unable to source one.”

Kushner explained that they attempted to source the diamond, but it was not until several weeks ago that they were finally contacted by one source with a perfect match. Negotiating the transaction was “a tedious and complicated affair,” Kushner said, however, “both seller and buyer acting reasonably agreed upon a price acceptable to both parties and the transaction was concluded on October 22, 2013.”

The diamond’s Gemological Institute of America (GIA) grading report disclosed “excellent” cut with “excellent” symmetry and no florescence and classified the stone as type IIa, according to Genesis.

“The aesthetic beauty of this extremely rare and valuable diamond is a testament to the individual who painstakingly cut and polished this ‘miracle of nature,’” said Kushner.