Renowned for their commitment to timeless elegance and luxury, Wolverhampton and Harborne based Rudell The Jewellers are delighted to announce the start.
This January brings with it a remarkable opportunity to purchase luxury jewellery, watches, and gifts from an award-winning UK jeweller, all at a reduce.
$34,960,000 with
94% sold by value, and
132% hammer above low estimate. There was global participation with registered bidders from 40 countries across five continents.
The auction was led by ‘The Perfect Palette,’ a trio of sensational colored diamonds being offered as separate lots, which collectively achieved $8,370,000. Each stone surpassed initial estimates with the fancy vivid purplish pink diamond ring of 2.17 carats selling for $3,510,000; the fancy vivid blue diamond ring of 2.13 carats realizing $2,670,000; and the fancy vivid orange diamond ring of 2.34 carats achieving $2,190,000.
Additionally, impressive prices were realized for significant white diamonds led by a pear brilliant-cut diamond ring of 38.04 carats, D color, flawless clarity, Type IIa
The Department of Revenue (DoR), Ministry of Finance has clarified that any purchase of gold, silver, jewellery, or precious gems and stones below Rs 2 lakh does not require PAN or Aadhaar of a customer as mandatory Know Your Customer (KYC) document. Sources said that the notification issued under PML Act, 2002, on December 28, 2020, is a requirement of FATF Dealers in Precious Metals and Precious Stones (DPMS) to carry out KYC and Customer Due Diligence only when they conduct cash transactions above Rs 10 lakh. This is a requirement of FATF (Financial Action Task Force) - the global money laundering and terrorist financing overseer which as the inter-governmental body sets international standards aimed to prevent illegal activities on terror funding and money laundering, they added.