Among colored gems emerald is the most valuable in 2017.

Among colored gems emerald jewelry is the most valuable in 2017.

The emerald collection of Manuel Marcial de Gomar, which is considered to be the most valuable private collection of Colombian emeralds, includes thirteen emerald jewelry pieces, as well as more than twenty loose emeralds, both rough and cut.


One of the examples is a collection of rare and extraordinary emeralds, featured at the Guernsey’s auction in New York on April 25, 2017, with an incredible 887 carat rough emerald, La Gloria, as a main lot of the collection.

The emerald collection of Manuel Marcial de Gomar, which is considered to be the most valuable private collection of Colombian emeralds, includes thirteen emerald jewelry pieces, as well as more than twenty loose emeralds, both rough and cut.

Part of the emerald collection featured was found on 400 year old shipwreck. Marcial de Gomar acted as an independent appraiser of the recovered emeralds and was paid with some of the treasure found.

Among other unique lots of Marcial de Gomar collection is “the Tears of Fura“, a matching pair of pear-shaped fine Colombian emeralds, with a total weight of 95.51 carats, as well as “The Marcial de Gomar Star“, the largest of only 11 star emeralds in the world recorded and probably the first and the only double-sided star emerald known so far. Another amazing and extremely rare lot of the collection is a matching pair of cat’s eye emeralds, with a total weight of 74.52 carats, that is thought to be the largest pair of cat’s eye emeralds in the world. They were cut from a 370 carat trapiche emerald, an emerald with a rare six point radial pattern.

One more exceptional emerald appeared at Sotheby’s New York on April 25, 2017. A legendary 34.40 carat emerald, set in a ring by Harry Winston, the Stotesbury Emerald, was sold for $996,500.

Besides its outstanding gem quality, the Stotesbury Emerald is known for its history that includes three reknowned women (Evalyn Walsh McLean, Eva Stotesbury and May Bonfils Stanton) and two legendary jewelers (Pierre Cartier and Harry Winston).
Each of the owners changed the settings and wore it according to her taste.

It is known that around 1908 the emerald belonged to Evalyn Walsh McLean, who was a mining heiress and who is also known as an owner of a 94 carat Star of the East diamond, as well as the last private owner of the 45.52 carat Hope diamond.

A few years later the Stotesbury Emerald was acquired by Cartier. The emerald got its name from Eva Stotesbury, who became the next owner. Eva wore it as a center piece of her necklace. In 1946, she sold it to Harry Winston, who put the emerald into the ring and later sold it to a newspaper heiress May Bonfils Stanton, where it was last seen in 1971. Only this year the emerald emerged at Sotheby’s in its latest setting by Harry Winston.

Another famous woman known for her love of emeralds, was Jacqueline Kennedy (neé Bouvier). Thus John F. Kennedy picked an engagement ring for Jacqueline Bouvier according to her taste. The ring featured two main stones, a 2.88 carat diamond and a 2.84 carat emerald. The ring’s estimated value is now $1.39 million.

Thinking about emeralds, the image of Elizabeth Taylor, the “Emerald Queen” comes up.
Her incredible collection of jewels was sold at Christie’s in December 2011, including her Bulgari Emerald Suite, with an emerald brooch as a part of the Suite which was sold for $6,578,500, setting a record price for an emerald per carat of $280,000.

Emeralds were cherished since ancient times. Probably, the most famous historical figure who adored emeralds was Cleopatra. The gemstones were used in jewelry, it was also believed that emeralds possess mystical and healing properties. Besides, emeralds were buried with monarchs as a symbol of eternal youth and protection.

Some estimate that the age of the oldest emeralds is about 2.97 billion years. Although the first known mines were located in Egypt and date back to as early as 330 BC.

It is thought that emeralds from what we know today as Colombian started to be mined as early as 500 AD. In 16th century, Spanish Conquistadors discovered and traded emeralds for precious metals. By that time, emeralds had already been used for trade, as well as in jewelry, for personal adornment, and in religious ceremonies as a sacrifices for over 5 centuries.

After being discovered by Spaniards in early 1600s, and once the gems arrived to Europe, emerald became a gemstone adored by monarchs and royalty in Turkey, Persia, and India. A huge number of Colombian emeralds were traded and brought to Europe until 1819, when the new government and private mining companies started their mining operations after Colombia became independent from Spain. Over the next two centuries mines were shut down from time to time due to political situation in Colombia.

Nowadays, deposits of emeralds are found all over the world with significant mines located in Colombia, Brazil, Madagascar, India, Australia and a number of African countries.

The most recent deposit of high-quality emeralds was discovered in Ethiopia. The emeralds from this deposit seem to be large in size and possess a deep green color.

The name “Emerald” derives from Greek word “smaragdos,” meaning “green stone”. Although in ancient times, smaragdos referred to most of green stones, not just an emerald.

Emerald’s green color cannot compare to the color of any other green gemstone, like peridot or tourmaline, for example. In order to be called an emerald, the color of the stone has to be saturated enough and not “too light,” though there are still disputes among gem experts where this border lies.

Only the finest and rare emeralds are almost inclusion free. Most of the time emerald has a number of inclusions, which only prove that the stone is natural compared with most synthetics and imitations.

Many associate emerald color with new spring growth, marking new beginnings. This makes it perfect as a birthstone for the month of May.
In some cultures, it is also considered to be a gemstone for 20th and 30th wedding anniversaries.

Nowadays, emerald symbolizes love and loyalty, which makes this gemstone not only valuable, but also a meaningful gift.

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