Saffronart’s inaugural Jewellery Conference, titled The Timeless Legacy of Indian Jewels, was held on 6 – 7 October 2017, and was the first of its scale in the region. Counting down the weeks to our second conference in October 2019, we bring you some interesting anecdotes that were shared by our expert speakers in 2017.
Eesha Patkar highlights the five revered gemstones from Saffronart’s upcoming jewellery auction
Last month was a milestone for Saffronart. We held our most successful sale ever in our 15 year journey as an auction house. We achieved world records for four important Indian artists, both Modern and Contemporary. We made headlines. And we basically raised the bar.
Even as we pat ourselves on the back—just the tiniest bit—we are already preparing for our next auction. This time, we’re adding some sparkle in the dry days of October. Not to mention, a bit of polish.
For the next few weeks, we will cover some of the highlights of our auction in a series of blog posts. Today, we look at the Big Five: pearls, diamonds, emeralds, sapphires and rubies. They’re part of an important order of nine gemstones—or navaratna—in Indian gemmology, and highly valued.
History is littered with stories, gruesome to romantic, that involve these prized jewels. And our auction features a bunch of them. They’re guaranteed to invite looks of envy. After all, as Harry Winston famously said, “People will stare. Make it worth their while.”
“You can’t cry on a diamond’s shoulder, and diamonds won’t keep you warm at night. But they’re sure fun when the sun shines.” —Elizabeth Taylor
An Important Diamond Necklace (on auction)
DIAMONDS have a long history in India, which was the world’s first and only source for this precious gemstone for more than 2000 years, until the discovery of diamond mines in Brazil in 1729.
The Venetian explorer Marco Polo, who travelled to India in the 13th century, narrates an exotic — and exaggerated — tale about the unapproachable diamond valleys of Golconda inhabited by deadly, venomous snakes and eagles who fed upon them, and the arduous manner in which the diamond seekers got their prize.
Maharajas, Mughal courts and royal families collected vast quantities of loose diamonds both, for their treasuries as well as for jewellery. These diamond crystals were rarely cut, so as to retain their original size and weight, and flaws were only camouflaged with small facets.
Of the many ways a diamond could be cut, the rose-cut—the flat-backed, domed and faceted top, as seen in the three-tiered diamond necklace on auction—was attributed to Indian lapidaries. Mughal jewellers used this technique to make the best use of irregular, flat type of rough diamonds.
The lot on auction is a modern version of diamond necklaces favoured by royalty. It is significant for its use of unusually large, rose-cut diamonds, inverted, with a nod to the flat-cut diamonds used in traditional Jadau jewellery. The use of spacers with peacock motif as a harness is a subtle nod to traditional Indian design, while maintaining a modern minimalism which allows for a focus on the stone rather than the setting.
Fact: In 1947, King George VI—the last Emperor of India—inherited 239 loose diamond collets, believed to be from India, among other Crown heirlooms. He had a diamond necklace commissioned for his daughter, Princess Elizabeth, using 105 of these stones, set in a style similar to those in the necklace on auction. The resulting piece was named the Queen’s Festoon Necklace. After her ascension to the throne, the Festoon Necklace has adorned Queen Elizabeth II at various state dinners and galas in 1957, 1958 and 1962 and later.
“Pearls are always appropriate.” —Jackie Kennedy Onassis
A Five Strand Natural Pearl Necklace (on auction)
PEARLS are classic. They have been admired since antiquity, appearing in all kinds of variations in traditional Indian jewellery. In the navaratna order, they’re associated with the moon (the celestial deity Chandra) for their soft radiance and satin sheen.
In the Mughal era, pearls were ubiquitous among the ruling class. Emperor Akbar was frequently depicted wearing multi-strand pearl necklaces. Later portraits and accounts of the Maharajas of post-Mughal India—which depicted them decked head-to-toe in jewellery worth their weight—show an abundant display of pearls in necklaces, turban ornaments and other sartorial accessories. According to historian Oppi Untracht, the natural pearls owned by the Maharaja of Patiala were considered to be among the world’s finest.
Most natural beds of pearl-bearing oysters ran dry due to over-harvesting in the 18th and 19th centuries. Today, natural pearls are extremely rare and expensive. By the early 20th century, cultured pearls—grown under tightly controlled conditions through a technique perfected in Japan—came into mass production, and were widely used in the jewellery trade.
The five-strand magnificent pearl necklace on auction bears a setting seen quite commonly in traditional Indian jewellery—pierced and strung as beads. Pearl stringing was an art, requiring experience and judgment, and a great way to determine the value of a necklace by its arrangement.
The lot on auction is a striking example of the sharp graduation style of pearls, where the focus is on the size and lustre of the central pearls. The design is further enhanced because all five strands end with larger sized pearls which connect to the clasp, as opposed to the more conventional way of stringing pearls according to size. This style of sharp graduation was popular among royal families all over India.
Fact: In medieval Europe, only royalty and high nobility were allowed pearls. Queen Elizabeth I, although abhorrent of them initially, came to love pearls so much in her later life that she had them sewn on to her wigs and dresses.
“Girls can wear pearls, but it takes a woman to wear serious emeralds.” —Hettie Judah
EMERALDS have a powerful place in the world of gemstones as the most famous members of the Beryl family. Ancient myths credit this brilliant green stone with magical properties, from the ability to predict the future, to detecting falsehoods. Emeralds were even worn as protective talismans and were believed to cure fatal diseases.
In Hindu texts, the emerald was one of the navaratna stones, representing the planet Mercury. In Persian culture they symbolised goodness and purity. But it was in medieval Europe—where jewels held symbolic importance in political circles—that this gemstone was perhaps considered the most sacrosanct. According to Hettie Judah, “Sumptuary laws of Byzantium, and many from medieval Europe, forbade the wearing of gemstones such as emeralds by those outside the circles of the court; money alone could not purchase the right to wear jewels.”
The earliest known emerald mines were in Egypt, dating as far back as 330 BC, and functioned well into the 1700s. The Egyptian queen Cleopatra was known for her love of emeralds, often using it in her royal wardrobe. In the 1500s, the Spanish conquistadors discovered emerald mines in Colombia, which produced infinitely finer emeralds in terms of colour, clarity and size.
The quality of an emerald is largely assessed on the basis of its colour. For the longest time, Colombian emeralds have led the market, as they are “blessed with near-perfect colour chemistry”, according to Jonathan Self, author of Emerald: Twenty-one Centuries of Jewelled Opulence and Power.
A Colombian Emerald and Diamond Pendant (on auction)
Microscopic inclusions in a Colombian emerald can cause the light penetrating the stone to scatter, giving rise to a rich “green fire” that is widely recognised by experts and desired by collectors, who consider Colombian emeralds as undisputedly the best. The pendant on auction contains a step-cut emerald from Colombia, weighing 24.11 carats.
Fact: India became acquainted with emeralds through Portuguese traders, who brought it through the ports in Goa and Deccan. One of the largest emeralds, dating back to 1695, is believed to have come from the reign of Emperor Aurangzeb, the last of the Mughal rulers. The Mogul Emerald, as it is known, weighs 217.80 carats and is about 10 cm high, with one side inscribed with Islamic prayers and the other with flower ornaments. In 2001, it sold in auction for a cool $2.2 million.
“A kiss on the hand may feel very, very good, but a diamond and sapphire bracelet lasts forever.” ―Anita Loos
A Burmese Sapphire and Diamond Ring (on auction)
A bracelet it’s not, but the Burmese Sapphire and Diamond Ring lot on auction not only feels good, and is one to last for eternity. The blue sapphire—(yes, sapphire comes in a range of colours, besides blue)—belongs to a translucent, dark-blue variety of the mineral species corundum.
From 1880 to 1920, Kashmiri sapphires had attracted a lot of attention, found after a landslide hit the region at an altitude of 16,000 feet. The pure, intense blue with the subtle undertone of violet—mined heavily for over eight years—is still considered the holy grail of the sapphire groups. This prized sapphire is rare and coveted now, given that the region was completed depleted of its sapphire sources.
In the last few years, fine Burmese sapphires from the Baw Mar area of Mogok have gained recognition in the market. After the Kashmiri sapphire, the Burmese colour is regarded as highly valuable—ranging from a rich, full royal blue to a deep cornflower blue. The ring on auction has at its centre an oval-shaped natural Burmese sapphire cabochon of vivid blue colour, with no indications of heat treatment.
In Sri Lanka, once known as Ceylon, mining for gemstones began since antiquity, and the oldest sapphires are found there. Sri Lankan sapphires are recognised for their luminosity—colours range from light to mid-blue.
Today, most blue sapphires come from Australia or from Thailand.
While a lot of Indians treat the sapphire with superstition and wear it with great caution—due its association with the unpopular Saturn (Shani) planet in Hindu mythology—many other cultures enjoy its cool, spirituality-invoking colour. The visual allusion to blue skies and the infinite universe is an easy one to make. Those who adopt gem therapy believe the sapphire brings about tranquillity and better concentration, and can cure rheumatic aches, ulcers and eye problems.
Fact: The world’s most famous sapphire and diamond ring is as engagement ring worn by Kate Middleton, wife of Prince William, Duke of Cambridge. It was once worn by Princess Diana during her engagement to Prince Charles, Prince William’s father, and has a great resemblance to the ring on auction.
“Rubies do not age. The fire that was locked in their hearts millions of years ago still burns, even after the emperors and empires that fought for them have crumbled to dust and ashes.” —Fire and Blood: Rubies in Myth, Magic, and History
An Impressive Pair of Ruby and Diamond Ear Pendants (on auction)
Rubies have been called the Ratnaraj, or “The Emperor of Gems,” in Sanskrit. In Hindu mythology, the Ratna Pariksha describes the demon Vala, who was dismembered for a sacrifice. Each of his body parts turned into a brilliant gemstone as it fell to earth, the ruby being one of them. Rubies were believed to treat heart and blood diseases, and to bless the wearer with longevity and excellent health. A Burmese legend mentions that warriors embedding rubies in their flesh to remain invincible in battle. Whether it was the allure of its brilliant red or its reputation as an amulet, many sought their claim to this lyrical gem.
The ruby has a rich genealogy. Rubies are related to sapphires and belong to the corundum family. They earn their fiery red colour from the presence of chromium. Rubies vary in colour, and are assigned value accordingly. Until recently, Burmese rubies dominated the colour valuation with their pigeon-blood red colour.
The discovery of ruby mines in Montepuez, Mozambique, however, has had many turn their attention to Mozambique as a significant source of fire-red rubies. Mozambique rubies are distinct for their rich, deep, red colour, which is highly coveted today. The price of Mozambique rubies is still a steal for the quality of colour and value they provide.
Fact: The ruby ear pendants on auction were worn by Mila Kunis, the brand ambassador for Gemfields—a gemstone mining company headquartered in the United Kingdom—at an event by Burberry, held at the Griffith Observatory in Los Angeles, earlier this year.
Eavesdropping. Prying on intimate matters. Insubordination to prevailing trends. Wooing money and hearts. And it goes on. Having maintained a low profile for decades, these pieces have suddenly emerged from their lairs and are now under trial on auction at Saffronart. Rashmi rounds up nine of the important ones from the upcoming Online Auction of Fine Jewels and Silver
1. This Stunning Edwardian Brooch: For Rebelling and Subversion
Estimate: Rs 55,00,000 – 75,00,000
Lot 27: An Important Diamond Brooch
There’s no denying that the central diamond draws you to itself with brutal, hypnotic force. And look at all those delicately designed full-cut diamonds pandering to its ego. With an air of old-world pride, the brooch reveals it’s nearly a hundred years old. “A true iconoclast,” it beams, referring to King Edward VII who, breaking free from his mother Queen Victoria’s influence, set a new path for fashion from 1901 onwards. Sure, its brethren are just like it—elegant, feminine, intricate—but this one is special, especially since it’s been in the care of an important Parsi family here in Mumbai.
This Period Coin Necklace: For Its Double Identity
Estimate: Rs 10,50,000 – 12,50,000
Lot 3: A Period ‘Kasu Malai’ or Coin Necklace
Seated smugly under the interrogation light, it shrugs and tinkles—it’s adapted over the centuries and picked up our ways. It’s being vague about why it’s called what it is: a Kasu Malai. I assume it’s the Tamil words for ‘coin’ and ‘necklace’. “It could be, but it also could be something else,” it hints rather cryptically. “I’ve been told I’m named after a certain Sanar Kasu.” When asked who this person was, “Some tavern keeper from the Chola days who hoarded too much gold and landed in trouble for it.” How serious was it? “Got the death sentence. Apparently his last wish was that he wanted all pure gold coins to be named after him—the narcissist.”
It doesn’t end there. The malai‘s (literal) two-facedness reveals a script and a seated Balakrishna decked with cabochon rubies, making it a potent candidate.
Edit: Similar coins, showing a seated Balakrishna and a Devanagari inscription on the reverse, date back to the time of king Krishna Devaraya from the 16th century, and were known as gadyanas.
This Set of Pacheli Bangles and Diamond Choker: For Monopolising a Rare Enamel
Estimates: Rs. 6,00,000 – 8,00,000 for each lot
Lots 20 and 21: A Pair of ‘Polki’ Diamond and Enamelled Pacheli Bangles and A Period ‘Polki’ Diamond Choker
Lot 20: A Pair of ‘Polki’ Diamond and Enamelled Pacheli Bangles
Lot 21: Close up of the reverse of A Period ‘Polki’ Diamond Choker
We’ve got a lot to thank the Persians for, and somewhere in that long list is the technique of enamelling. Among all the luscious shades on view is the famed Gulabi minakari or pink enamelling from Varanasi. A layer of pink paint is applied over an opaque white background, and what you most commonly see is flower buds. Just like you do over here. Pink enamelling has almost dwindled out of use now. So your chances of stumbling upon jewellery with Varanasi mina are very, very slim. These bangles and choker are part of the privileged few that get to show off their gorgeous pink enamelling. And also for the next reason….
This Set of Bangles, Necklaces, Ring and Earrings: For Being Privy to Family/Political Secrets
Lot 20 – Rs. 6,00,000 – 8,00,000
Lot 21 – Rs. 6,00,000 – 8,00,000
Lot 22 – Rs 10,00,000 – 12,00,000
Lot 23 – Rs 1,00,000 – 1,50,000
Lot 24 – Rs 5,00,000 – 7,00,000
Lot 25 – Rs 4,00,000 – 6,00,000
Lot 22: An Impressive Pair Of Period Gemset Bracelets
Lot 23: A Period ‘Thewa’ Ring
Lot 24: A Period ‘Polki’ Diamond Necklace
Lot 25: A Pair Of Diamond ‘Polki’ Ear Pendants
They come from the family of one of Ahmedabad’s most influential businessmen…*drumroll*…Seth Mangaldas Girdhardas. Back in the day (sometime in the early 20th century), he oversaw a cluster of mills, was a staunch supporter of Gandhi, and founded a school for deaf and dumb children. Having been with a descendant of the Sheth, they certainly have a lot of stories to share…which they obviously won’t.
This Burmese Silver Box: For Being Unabashedly Opulent in Depicting Mythology
Estimate: Rs 1,75,000 – 2,75,000
Lot 57: A Period Silver Box
You’re wondering why scenes of the Ramayan swarm its cartouches. The Burmese depict their Ramayan scenes with about the same amount of flamboyance we do, but with a Thai twist to them. You spot the headdresses and see what I’m talking about. Not too long ago (1760, to be precise), Alaungpaya, a Burmese king, invaded Siam—or Thailand, as we know it—and brought back families of silversmiths to work for him. This seeped into the designs you see on the box.
….And the list of suspects goes on. Want to see them in person? Drop by our gallery between 11:00 am and 7:00 pm till October 14 (except Sunday).
Are you ready to invest in emeralds, but still have apprehensions regarding this big decision? Pooja Savansukha of Saffronart has put together an informative guide with everything you’d like to know about emeralds.
Undeniably, you have been captivated by the mystical charm of emeralds. You can’t be blamed; it is impossible to resist the deep green radiance that an emerald exudes. In fact, these stones have often been considered to be the most precious stones, greatly revered historically by the Inca’s, the Aztec’s and most notably the Egyptian pharaohs. Today, adorning an emerald instantly places you in the legacy of Cleopatra, Shah Jahan, and many other royal or historic figures. While this may already incentivize you, we have decided to provide you with everything else you should know to help you make your choice to invest in emeralds.
A Suite of Unmounted Emeralds http://www.saffronart.com/fixedjewelry/PieceDetails.aspx?iid=41321&pt=2&eid=3692
Emeralds and Emerald Formation:
Fine emeralds form naturally when a rare blend of pressure, heat and chemical solutions in the earth causes an emerald to form. Emeralds belong to the beryl family that also consists of aquamarine, heliodor and beryls in other colours. A green beryl is only classified as an emerald when its colour is darker and deeper than an ordinary beryl. While there are other green gems such as peridot and tourmaline, an emerald is associated with the richest and most extraordinary shade of green.
Considering the origin of emeralds immediately brings to mind ‘Cleopatra’s Mines’ near the red sea in Egypt that are known to be the earliest account of the extraction of these stones, dating back to 3500 BC. Most emeralds embedded in ancient Egyptian jewellery were from these mines. Emeralds have also been procured from Colombian mines since 500 AD.
Currently, emeralds are mined from several countries such as Colombia, Brazil, Zambia, Afghanistan, India, Zimbabwe, Russia and Pakistan. Colombian mines are known to contain some of the highest quality emeralds in the world. Zambian mines are also gaining prominence for not only producing high quality emeralds but for also adopting the most ethical standards socially, environmentally and in terms of safety while mining.
An Emerald Crystal from a Columbian Mine www.gia.edu/emerald
Mining emeralds is an extremely delicate process. It is however not the only delicate process that an emerald goes through. Before an emerald is ready for sale, natural emerald crystals extracted from mines must go through several procedures before they attain the shapes, cut and polish that we appreciate so much. Often certain stones may go through numerous additional treatments too, and these affect their value. The easiest way to evaluate an emerald is through the 4 C’s: Colour, Clarity, Cut, and Carats.
The colour of an emerald is indicated by the amount of trace elements such as chromium, vanadium and iron that it contains. The best emeralds have colours that range from a bluish-green to a pure green. Usually, the darker the emerald, the higher its value, but a tone that is too dark is also undesirable. An emerald will be translucent, and the most precious emeralds will be highly transparent, with an even distribution of colour. Remember that if an emerald appears to be too yellowish or bluish in colour, it may not be an emerald, but just another kind of beryl.
Colombian emeralds are generally known to have a pure green colour while Zambian emeralds are said to have a bluish-green colour.
During the formation of an emerald, small amounts of minerals, liquids or other fluid may get trapped into the emerald. These are called inclusions. Too many inclusions can reduce the transparency of an emerald, but a few inclusions are essential to differentiate natural emeralds from synthetics. An emerald may also contain fissures or fractures that affect the clarity of a stone. The most prized emeralds have few inclusions and very minor fractures, if any.
Most emeralds undergo clarity enhancing treatments. Historically, oils have been used to fill fissures and fractures. Resins might also be used as fillers. While both oils and resins have similar effects and are temporary procedures, a resin may last longer as filler. Generally, fillers cause no harm to an emerald and can easily be removed or altered. Emeralds that require the least enhancing treatment are usually the most valuable. You can easily enquire what types of treatment an emerald has been through before buying it.
Emeralds are fragile compared to most precious stones and are easily susceptible to being damaged. Furthermore, most emeralds contain fractures, making them even more vulnerable. But rest assured, for cuts can be used to protect the stone from damage. Usually, the corners of an emerald are cut to create facets that protect them from chipping. The octagonal shape obtained by this kind of cut is known as an emerald cut. While cuts are supposed to be protective do verify that your emerald has been cut well, as an error in the cut can drop the value of your stone. Cuts are also used to create other shapes for emeralds.
An unmounted emerald-cut emerald, the most common cut although emeralds are available in other cuts too http://www.saffronart.com/fixedjewelry/PieceDetails.aspx?iid=41314&a=
Emeralds are available in a multitude of sizes. While you might easily assume that a higher carat weight must account for a high value, this is not true. An emeralds value is judged primarily upon its colour and clarity. It is thus completely possible for an emerald with a lighter weight to be a better investment than one with a higher carat weight.
How to Look After your Emeralds?
Emeralds are very delicate and may require more care than other precious stones, but they are beautiful and maintaining them well will ensure that they remain in good condition for a long time. You just need to ensure that you don’t expose your emerald to too much heat or steam, or very strong rays of light from a close proximity. The most ideal way to clean an emerald is gently scrubbing it with slightly warm, mild soapy water.
On an ending note, remember that a good quality emerald is considered to be even more valuable than diamonds.
Check out our Columbian and Zambian Emerald Exhibition catalogue by clicking here