A rare 8.82-carat Fancy intense purple-pink, pear modified brilliant-cut diamond, set in a platinum ring with two 0.61-carat stones, sold for USD $6,780,000 at Christie’s Magnificent Jewels auction in New York in mid-April. The gem, known as the Fuchsia Rose diamond, sold well above the pre-sale estimate of $4 million to $6 million. Another highlight was a 2.44 carat Fancy intense pink diamond ring, which sold for $1,620,000; and a Fancy vivid yellow diamond ring of 15.31 carats, which sold for $1,320,000.
Swarovski signs five year contract with Climeworks
Building on its sustainability strategy, Swarovski has signed a five year agreement with Climeworks, a leader in carbon dioxide removal via direct air capture. Swarovski joined the Science Based Targets initiative in 2021, announcing its commitment to reduce absolute scope 1 and 2 emissions (direct and indirect emissions from owned operations) by 47 percent by 2030. In addition, Swarovski wants to get started on carbon removal as well, acknowledging the importance of removing residual and historic CO₂ emissions from the atmosphere on top of emissions reductions. In order to limit global warming to 1.5°C, the world needs to reach net-zero emissions by mid-century, and net-negative emissions after that. Climeworks is a Swiss-based company currently leading the world in carbon capture and storage.