Emerald Auction Could Bring Millions

emeralds

Have a few bucks saved up? Well get out and cut some grass, wash some cars, and make a few extra for the upcoming emerald auction.

These emeralds, worn by Cleopatra and Elizabeth Taylor the Egyptians believed they could bring eternal life.

Though diamonds can be expensive, emeralds in fact are more rare and more valuable.

“Sought after for their rich color, regal history and identifiable look, emeralds are one of the most iconic gemstones in the jewelry industry,” Amanda Gizzi, a spokesperson for Jewelers of America, a New York-based trade association

On April 25, the public will have the opportunity to own some of the most magnificent and valuable emeralds in the world, when they go up for sale at Guernsey’s auction house in New York.

emeralds

With more than 20 cut and raw stones and 13 spectacular pieces of jewelry, the rare emeralds on offer all come from a single collection that was compiled by emerald specialist Manuel Marcial de Gomar throughout his long career in the emerald industry.

A highlight of the sale is a collection of cut emeralds from the great Spanish shipwreck Nuestra Señora de Atocha, a galleon that sank off the Florida coast in 1622.

The wreck is considered “the most valuable known shipwreck in history,” according to the catalog accompanying the sale, largely thanks to its numerous Muzo emeralds, which are prized for their deep, clear green.

Also included in the sale is the 887-carat La Gloria, which Guernsey’s bills as “one of the largest museum-quality emeralds in the world,” (estimate $4-5 million); and the Marcial de Gomar Star Emerald, the largest star emerald ever found (estimate $2-3 million), notable for its double-sided cabochon, and one of only 11 star emeralds known to exist.

Emeralds obtain their rich green color through chromium, vanadium or iron deposits in the mines.

In addition to gold and silver coins, also salvaged from the Atocha wreck, the Guernsey’s sale features spectacular jewelry, designed by Marcial himself, such as the Corona de Muzo, which includes a 24.34-carat emerald from the wreck, combined with smaller emeralds and diamonds (estimate $5-6 million).

See the Auction HERE

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