Bonhams to Hold Free Jewellery Valuation Day; PERSONAL FINANCE

The Birmingham Post (England), June 7, 2008 | Go to article overview
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Bonhams to Hold Free Jewellery Valuation Day; PERSONAL FINANCE


Diamonds could prove to be a lot of people's best friend in the West Midlands this month.

Bonhams, the auction house, has launched its nationwide Jewellery in June campaign and will be holding free valuation days at its sale room in Knowle.

During last year's campaign the company saw more than a million pieces of jewellery and consigned items valued at over pounds 500,000 in just under four weeks.

This year, Bonhams' head of jewellery, Jean Ghika, predicts that anyone owning high quality diamond jewellery will be surprised by the change in its auction value over the last 12 months.

"Good diamond jewellery is incredibly sought after at the moment," she said.

"Currently many investors are turning away from stocks and shares to more tangible commodities like gold and diamonds. The world gold price is at a record high and at the same time we have seen a tremendous amount of growing interest in diamonds in both our national and international sales.

"In a recent fine jewellery sale in London, eight out of our top ten selling lots were diamond pieces sourced throughout the United Kingdom. One 13.68-carat diamond ring, which was estimated at pounds 40,000, made pounds 96,000, while another 10.27-carat ring doubled its top estimate of pounds 35,000, to make pounds 76,800.'

"Unlike many other areas of the economy, there does seem to be tremendous confidence in the jewellery market at the moment and we think many people will be very pleasantly surprised with the value of their jewellery, particularly for period and diamond pieces.

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