Recently transplanted back to the East Coast from the SF Bay Area, I have been challenged with what city to immerse myself in, now that I live in between Boston and NYC. I chose to attend a GIA Alumni meeting with the NYC Chapter due to the speaker, Christopher Smith, President of AGL Laboratories, a well respected laboratory in the industry.
Christopher Smith hit on points about corundum that are important to know as an appraiser and buyer. He also mentioned some trends, "which are not his forté". Since his laboratory receives the gem of the gems, his favorite being John D Rockefeller's Emerald that sold at Christie's auction $5,511,500.00 USD June 2017, I feel he does have a grasp on the market for colored stones. My take away was that antique jewelry sales are growing and have expanded to the Chinese market. Diamond pricing are at a low and gem prices are rising, especially Spinel, which have always been my favorite colored gemstone.
The lecturer was informative and the venue was convenient and pleasant. Phillips Auction Gallery hosted this meeting and allowed the chapter members to preview the auction merchandise for the December 9, 2019 auction. I met a few members that made me feel welcome to this chapter and look forward to the next one.
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