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Piece will go on sale on December 8 in New York and is one of Pauline Karpidas’s personal jewels.
Some 116 business in US shut in third quarter, versus 126 a year earlier.
Sentiment weaker as Indian inventory builds up and prices drop in 0.30 to 0.69 ct. rounds.
9.09-carat diamond ring fetches $342,106, more than doubling its high estimate.
Indian jeweler has incorporated a wholly owned subsidiary in the country.
Allen Kleiman’s suite of 11 rainbow cabochon moonstones and Lezlie Slavens’s pendant win top prizes.
A lab-grown diamond is a diamond. Reproducible supply still gives it different economics from a mined stone – and the ruby market showed how that plays out more than a century ago.
8.63-carat stone will lead November 11 High Jewelry auction.
Revenue down 0.5% in second fiscal quarter.

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