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Patek Philippe Complications Diamond Ribbon Joaillerie - 4968/400R-001 - patek philippe diamond ribbon watch price

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Patek Philippe Complications Model D qukvtmdf. patek philippe diamond ribbon watch priceiamond Ribbon Joaillerie Reference No 4968/400R-001 Reference No 2 4968400R001 Size Women's Case 18 carat pink gold Bezel pcs Diamonds Diameter 33.3 mm Dial Diamonds Bezel and dial set with 587 graduated size diamonds in a spiral Back Sapphire crystal Bracelet Crocostrap Alligator strap with square scales, hand-stitched, shiny cherry red, prong buckle set with 32 diamonds (~0.25 ct) Warranty Manufacturer's 2 year Warranty Movement Mechanical, Manual winding Description Hours, Minutes, Seconds, Power Reserve 44 hours, 18 Jewels, Moonphases, Water resistant Water resistant 30 meters Status Usually ships within 6 to 8 weeks Condition Brand new in Box with original Warranty papers Retail price USD 61,225.00 Price Please click here     more pictures

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The 2.11 carat Argyle Everglow™, the largest Fancy Red diamond presented at the tender, was bought by Optimum Diamonds LLC, a New York-based diamantaire specializing in ultra rare natural fancy color diamonds. Optimum Diamonds LLC also acquired Argyle Liberte™, an exceptionally rare 0.91 carat violet diamond. The largest pink diamond in the collection, the 2.42 carat cushion shaped Argyle Avaline™ was sold to the international luxury jewelry house Graff, known for creating the world’s most extraordinary pink diamond jewelry.

Rio Tinto Copper & Diamonds Sales & Marketing vice president Alan Chirgwin said: “The market fundamentals for pink diamonds strong demand for a product that is both limited and finite continue to support their significant value appreciation.” Rio Tinto’s Argyle diamond mine in the far north of Western Australia produces virtually the world’s entire supply of pink, red and violet diamonds. Less than 0.1 per cent of the Argyle production is pink, red and violet diamonds. Read more here- and and

-‘The Picasso of the pink diamond world.’ ‘The Pink Promise’, an oval-shaped fancy vivid pink Type IIa diamond, will be offered on 28 November in Hong Kong. The ‘Pink Promise’, says Rahul Kadakia, International Head of Jewellery at Christie’s, is ‘the Picasso of the pink diamond world. When you look at the shape of the stone,’ he adds, ‘it’s so elegant. It’s a cross between an oval and a marquise what we call a “moval”. It’s a fabulous diamond.’ Leading the 28 November Magnificent Jewels sale in Hong Kong, this oval-shaped fancy vivid pink Type IIa diamond, weighing approximately 14.93 carats, is set within a circular-cut diamond surround, gallery and hoop.

The stone is enhanced by circular-cut pink diamonds and mounted in platinum. ‘A pink diamond is rare to start with,’ says Lisa Hubbard, Senior Adviser to Christie’s International Jewellery. ‘But an oval pink diamond of this weight is very rare, very hard to find. It is a singular diamond in many ways, and just beautiful.’ Scientists categorise diamonds into two main ‘types’: Type I and Type II, depending on the presence or absence of nitrogen in the diamond’s atomic structure. Type II diamonds (further subdivided into two groups, IIa and IIb) contain little if any nitrogen, resulting in very few impurities. Type IIa diamonds in particular making up less than 2 per cent of gem diamonds are considered the purest diamonds in nature.

When certain anomalies are created in the structure of the diamond’s crystals as a consequence of changes in pressure, a pink or red colour can result. In the realm of natural coloured diamonds, those of a distinct pink hue are the most sought-after among gem connoisseurs. Throughout history, some of the world’s most famous gems have been pink diamonds, including the 182 carat ‘Darya-i-Nur’, part of the Iranian Crown Jewels; the 20.53 carat ‘Hortensia’, formerly part of the French Crown Jewels, now at the Louvre; and the 23.60 carat ‘Williamson’, property of the Queen of England. In the international diamond market, the December 2009 sale at Christie’s in Hong Kong of the Vivid Pink, a cushion-shaped fancy vivid pink 5 carat diamond, for $2,155,332 per carat, set a new per-carat record price for any pink diamond.

Since then, prices for top-quality pink diamonds have continued to rise. Among the major pink diamonds that have set auction records, Christie’s has sold The ‘Princie’ diamond , a cushion-shaped fancy intense pink diamond of 34.65 carats for $39.3 million; The ‘Perfect Pink’ , a rectangular-cut fancy intense pink diamond of 14.23 carats for $23.2 million; and the ‘Martian Pink’, a 12.04 carat brilliant-cut fancy intense pink diamond ring by Harry Winston, which sold for $17.4 million. In November 2015, the largest pink diamond of its kind to appear at auction sold for $28.5 million at Christie’s in Geneva. Read more here- and

-Sotheby’s to Sell Record 111ct. Diamond. The largest round diamond in auction history will feature in Sotheby’s Magnificent Jewels sale in New York next month, carrying a price estimate of up to $6.2 million. The 110.92-carat, L-color, faint brown, VS1-clarity loose diamond (pictured, right) holds a Gemological Institute of America (GIA) report showing it has excellent polish, cut and symmetry, Sotheby’s said Thursday. Its low estimate of $4.2 million would translate to $37,865 per carat, while the high estimate works out to $55,896 per carat.

However, the top lot of the auction is expected to be an emerald-cut, 5.69-carat, fancy vivid blue, VVS1-clarity diamond ring (left) with an estimated selling price of $12 million to $15 million, or up to $2.6 million per carat. The diamond may have the potential for a cutter to make it internally flawless, the auction house pointed out. “We’re thrilled to present supreme examples of the world’s most sought-after jewels and gemstones this season,” said Gary Schuler, chairman of Sotheby’s jewelry division for the Americas.

“Greatly admired for their rarity, these are gems that are enthusiastically pursued by collectors and connoisseurs.” Other lots at the December 5 auction will include a 15.01-carat ruby and diamond ring, estimated at $2.5 million to $3.5 million; a cut-cornered rectangular mixed-cut, 5.24-carat, fancy intense orangy-pink, VS2-clarity diamond ring, with a price tag of $1.8 million to $2.2 million; and an oval-shaped, 14.01-carat, D-color, VVS1-clarity diamond ring carrying an estimate of $1.5 million to $2.5 million. Read more here-

-Historic Yellow Diamonds Up for Auction. Five storied fancy vivid yellow diamonds with a historical connection to the Cullinan family will go under the hammer in London next month. Three of the diamonds, which are step-cut and weigh 5.29 carats, 3.11 carats and 2.37 carats, form a brooch carrying a price estimate of $265,283 (GBP 200,000) to $397,924 (GBP 300,000), according to Bonhams, which will auction the jewel at its London Fine Jewellery sale on December 7.

In addition, a pair of ear clips featuring brilliant-cut diamonds of the same fancy color, weighing 2.08 carats and 1.93 carats, will be up for auction at the event, with an estimate of $66,320 (GBP 50,000) to $106,113 (GBP 80,000). The diamonds’ story dates back to 1940, Jean Ghika, Bonhams’ director of jewelry for the UK and Europe, explained. That year, the present owner’s father-in-law, R.V. Cullinan, son of diamond magnate Thomas Cullinan, asked his friend General Pierre De Villiers, a director of De Beers, to buy some diamonds on his next visit to the mining city of Kimberley. On the train back from De Beers’ Kimberley mine, General De Villiers bought a set of yellow diamonds off Sir Ernest Oppenheimer.

He kept half and offered the other half the ones now on sale at Bonhams to R.V. Cullinan. “It’s important to remember that only one in approximately 10,000 of all diamonds mined has a fancy color,” said Ghika. “Fancy vivid yellow diamonds are some of the rarest in the world and the best examples are prized for their extraordinary vibrant tone and sun-like hue. They are increasingly sought after and we anticipate that they will attract a lot of interest from discerning collectors around the world,” she added. Read more here-

-Zsa Zsa Gabor’s diamond necklace could fetch up to $1.5 million. A diamond necklace owned by the late actress Zsa Zsa Gabor is expected to sell for between $1.2 and $1.5 million at auction. Forbes reported on Friday that the stunning necklace, made by Harry Winston in 1964, features 66 carats of diamonds some weighing as much as 8 carats and ranging in quality from F to I with a clarity of VVS2. The necklace will be auctioned by Bonhams in New York on December 4.

The auctioneer will organize previews in a number of cities including Los Angeles, Hong Kong and New York, prior to the auction date. Zsa Zsa Gabor came from a family with three sisters whose Hungarian mother was a jeweller. All three sisters became actresses including Zsa Zsa, who starred in a number of films including the original Moulin Rouge in 1952. She died last year at the age of 99. According to Forbes: Gabor was known for her extravagant lifestyle, her love of diamonds and jewelry and for her nine marriages. She was often quoted by the media on her love of jewelry, including the sentence, “I never hated a man enough to give him his diamonds back.” Read more here- and

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Gold to silver ratio at 80 to 1 with gold at $2,000 the silver price would be $25.00

Gold to silver ratio at 70 to 1 with gold at $2,000 the silver price would be $28.57

Gold to silver ratio at 60 to 1 with gold at $2,000 the silver price would be $33.33

Gold to silver ratio at 50 to 1 with gold at $2,000 the silver price would be $40.00

Gold to silver ratio at 40 to 1 with gold at $2,000 the silver price would be $50.00

Gold to silver ratio at 30 to 1 with gold at $2,000 the silver price would be $66.67

Gold to silver ratio at 20 to 1 with gold at $2,000 the silver price would be $100.00

Gold to silver ratio at 15 to 1 with gold at $2,000 the silver price would be $133.33

-CHART OF THE WEEK: Money ‘Tsunami’ May Spur Quadrupling of Gold Prices, McEwen Says. Gold has bottomed out and may be set to soar, according to one of the industry’s biggest bulls. Prices could surpass $5,000 an ounce in five years, from about $1,280 now, as investors seek returns amid a prolonged period of cheap money and use the metal as a haven from geopolitical and financial risk, McEwen Mining Inc. Chief Executive Officer Rob McEwen said. If that happens, “there is going to be a tsunami of money looking for a place to go,” he said in an interview from an industry conference in San Francisco.

Lower-for-longer interest rates have fueled bubbles in the stock, real-estate and even art markets as investors seek out higher returns, McEwen said. While conventional wisdom is that a return to higher rates would make interest-bearing assets more attractive, he said gold should become more appealing as markets re-calibrate. To be sure, McEwen said in September 2016 that gold could trade in a range of $1,700 to $1,900 by the end of that year. The metal ended 2016 below $1,150 as the dollar surged. Read more here-

-Greg Hunter: Peter Schiff Interview, Mother of All Bubbles Too Big to Pop. Money manager Peter Schiff correctly predicted the financial meltdown in 2008. Now, 10 years later, what does Schiff see today? Schiff says, “I predicted a lot more than just the stock market going down back then. I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of the financial crisis and what the consequences of that would be because that’s where we’re headed. The real crash I wrote about in my most recent book is still coming.

This is the third gigantic bubble that the Fed has inflated, and when this one pops, it’s not going to be ‘the third time is a charm.’ It’s going to be ‘three strikes and you’re out.’ I think this bubble is too big to pop. I think it’s the mother of all bubbles, and when it bursts, there is not a bigger one that the Fed is going to be able to inflate to mask these problems, meaning we can’t kick the can down the road anymore.” Inversely, Schiff says it is the same with the suppressed gold and silver markets. Schiff contends, “They can’t keep doing it, and it will end. It’s just like how much debt can we take on.

It’s not an unlimited amount. We will know when we get there. How long can they keep the price of gold suppressed? We will know when we get there. At some point, the price is going to explode because there is real physical buying, and all that paper selling can’t camouflage that. People don’t trust fiat currencies. More and more people are looking for alternatives, and the real alternative is gold. When they embrace it, it’s going to overwhelm central banks’ ability to suppress the price. In the meantime, enjoy the gift that they are giving.” Read and watch more here-

These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin. Wendy McElroy is ready for most doomsday scenarios: a one-year supply of non-perishable food is stacked in a cellar at her farm in rural Ontario. Her blueprint for survival also depends upon working internet: part of her money, assuming she needs some after civilization collapses, is in bitcoin. Across the North American countryside, preppers like McElroy are storing more and more of their wealth in invisible wallets in cyberspace instead of stockpiling gold bars and coins in their bunkers and basement safes.

They won’t be able to access their virtual cash the moment a catastrophe knocks out the power grid or the web, but that hasn’t dissuaded them. Even staunch survivalists are convinced bitcoin will endure economic collapse, global pandemic, climate change catastrophes and nuclear war. “I consider bitcoin to be a currency on the same level as gold,” McElroy, who lives on the farm with her husband, said by email. “It allows individuals to become self-bankers. When I fully understood the concepts and their significance, bitcoin became a fascination.” Read more here-

-Lawrie Williams: Russian gold reserves now 1,800 tonnes and rising. The Russian central bank added another 700,000 ounces of gold (21.8 tonnes) to its gold reserves in October, which now puts it within a whisker of China’s 1,842.6 tonnes with a total holding of 57.9 million ounces or just over 1,800 tonnes. Given that China is currently reporting zero month by month increases in its reserves (which we believe is not its true gold accumulation position), it looks as though Russia, which has been expanding its gold reserves by around 200 tonnes a year (around 185 tonnes so far this year with 2 months to go), remains on target to overtake China’s ‘official’ reserve figure by the end of the current year, or early next.

As we have noted here before, we consider the Chinese reports of zero additions to its officially reported gold reserve figure, which has remained static for 12 months, as dubious at the very least. While we don’t think Russia’s gold reserves increases are designed to leapfrog China as the world’s No. 5 national official holder of gold, they will do this if the country continues to add to reserves at the current rate and China continues to report zero increases. Read more here-

-World’s top jeweler reveals growing appetite for gold in China. Increasing demand from Chinese consumers for gold products has significantly lifted first-half profits of Chow Tai Fook, the world’s leading jewelry retailer. The Hong Kong jeweler has reported a 46 percent rise for the six months through September with net profit up to HK$1.78 billion ($227.89 million), up from HK$1.22 billion a year ago. It is the best first-half result since 2015. Revenue jumped 15 percent to HK$24.8 billion ($3.17 billion). The retailer boosted same-store sales in mainland China by 10.3 percent, while in Hong Kong and Macau it grew 9.5 percent. “The current financial year will be a turning point for our business given the nascent jewelry market recovery. Although the recovery is gradual and mild, the industry is expected to return to a stable yet sustainable growth,” the company said, as quoted by Bloomberg. Read more here- and

-Zero Hedge: Gold drops to key support after $2 billion purge. Read more here-

-Glint launches app allowing MasterCard payments to be made with gold. Read more here-

-Clive Maund: Gold Market Update. Gold appeared to break out on Friday, but the situation is contradictory because on its price charts it appears to be in position to begin another upleg within an uptrend, but its COTs are still neutral / bearish at best, and don’t appear to allow much room for a rally, while the dollar Hedgers chart is still calling for the dollar to advance, despite its downturn last week. On gold’s 6-month chart we can see how, after weeks of indecisive sideways movement, it broke sharply higher on Friday, looking like it has aborted the potential Head-and-Shoulders top that we earlier observed. With the rising 200-day moving average having pulled up beneath the price, it is in position for another upleg, especially as the 50-day has dropped back to close up with the price and 200-day, creating a bullish bunching of all three. Read more here-

-Geopolitical Risk Highest “In Four Decades” Gold Demand in Germany and Globally to Remain Robust. Read more here-

-Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape. Read more here-

-Jim Rickards: Golden Catalysts. The physical fundamentals are stronger than ever for gold. Russia and China continue to be huge buyers. China bans export of its 450 tons per year of physical production. Gold refiners are working around the clock and cannot meet demand. Gold refiners are also having difficulty finding gold to refine as mining output, official bullion sales and scrap inflows all remain weak. Private bullion continues to migrate from bank vaults at UBS and Credit Suisse into nonbank vaults at Brinks and Loomis, thus reducing the floating supply available for bank unallocated gold sales.

In other words, the physical supply situation has been tight as a drum. The problem, of course, is unlimited selling in “paper” gold markets such as the Comex gold futures and similar instruments. One of the flash crashes this year was precipitated by the instantaneous sale of gold futures contracts equal in underlying amount to 60 tons of physical gold. The largest bullion banks in the world could not source 60 tons of physical gold if they had months to do it. There’s just not that much gold available. But in the paper gold market, there’s no limit on size, so anything goes.

There’s no sense complaining about this situation. It is what it is, and it won’t be broken up anytime soon. The main source of comfort is knowing that fundamentals always win in the long run even if there are temporary reversals. What you need to do is be patient, stay the course and buy strategically when the drawdowns emerge. Where do we go from here? There are many compelling reasons why gold should outperform over the coming months. Read more here-

-Jim Rickards: Gold, Interest Rates and Super Cycles. When the Fed raised interest rates last December, many believed gold would plunge. But it didn’t happen. Gold bottomed the day after the rate hike, but then started moving higher again. Incidentally, the same thing happened after the Fed tightened in December 2015. Gold had one of its best quarters in 20 years in the first quarter of 2016. So it was very interesting to see gold going up despite headwinds from the Fed. Meanwhile, gold has more than held its own this year. Normally when rates go up, the dollar strengthens and gold weakens.

They usually move in opposite directions. So how could gold have gone up when the Fed was tightening and the dollar was strong? That tells me that there’s more to the story, that there’s more going on behind the scenes that’s been driving the gold price higher. It means you can’t just look at the dollar. The dollar’s an important driver of the gold price, no doubt. But so are basic fundamentals like supply and demand in the physical gold market. I travel constantly, and I was in Shanghai meeting with the largest gold dealers in China. I was also in Switzerland not too long ago, meeting with gold refiners and gold dealers.

I’ve heard the same stories from Switzerland to Shanghai and everywhere in between, that there are physical gold shortages popping up, and that refiners are having trouble sourcing gold. Refiners have waiting lists of buyers, and they can’t find the gold they need to maintain their refining operations. And new gold discoveries are few and far between, so demand is outstripping supply. That’s why some of the opportunities we’ve uncovered in gold miners are so attractive right now. One good find can make investors fortunes. My point is that physical shortages have become an issue. That is an important driver of gold prices. Read more here- and

-Money and Markets Infographic Shows Silver Most Undervalued Asset. Read more here-

-Clive Maund: Silver Market Update. At the same time that gold broke out of a coiling pattern to the upside on Friday, silver broke out of a Symmetrical Triangle pattern shown on its 6-month chart below. Volume was lacking on this breakout, however, and the same reservations that apply to the outlook for gold also apply to silver, namely that its COTs look more bearish then bullish, and that Hedgers positions in the dollar index are still calling for it to rally. On the other hand, gold proxy GLD did make a volume breakout on Friday, and what’s good for gold is usually good for silver.

Although these conflicting factors make the situation somewhat ambiguous, there is a favorable trading setup here, because silver is still quite close to the apex of the Symmetrical Triangle, so it is possible to open long positions with fairly close stops beneath the apex of the triangle in case the breakout was false. Gold’s price pattern now looks quite favorable, with it looking set to run to a resistance level towards the top of an uptrend channel, and if that happens, silver should follow suit and advance towards its early September highs at about $18.25, perhaps stopping short at about $18.00 for a reason we will observe on its 2-year chart. Point for a stop for traders going long is about $16.70. Read more here-

-Steve St. Angelo: Global Silver Investment Demand Maybe Down, But Still Double Pre-2008 Market Crash Level. While physical silver investment demand experienced a pronounced decline this year, the volume is still much larger than the level prior to the 2008 U.S. Housing and Banking Crash. Investors frustrated by a silver market plagued with lousy sentiment and weak demand, may not realize that silver bar and coin demand is projected to be double what it was in 2007.

Thus, long-term precious metals investors continue to acquire silver on price dips while others may be selling out and placing their bets into the bubble stock market or cryptocurrencies. It’s not the larger precious metals investor who is worried about the short-term price, rather its the smaller investor. Regardless, according to the Silver Institute’s 2017 Interim Report, global silver bar and coin demand are projected to fall to 130 million oz (Moz) in 2017 compared to 206 Moz last year. Even though physical silver investment demand will drop by 37% this year, it will still be more than double the 62 Moz in 2007. Read more here-

-Another late-Friday price jolt, this time up, explained gold’s $18 (1.4%) weekly gain and silver ending 42 cents (2.5%) higher. These were the highest weekly closes in five weeks. As a result of silver’s relative outperformance, the silver/gold price ratio tightened in by three-quarters of a point to 74.8 to 1, still stuck in a tight trading range that seems at times as existing since the dawn of civilization. Of course, it’s not how long the tight trading range has lasted, but the lack of any apparent explanation why these two metals would be so joined at the hip. I mean away from their mutual artificial price setting mechanism of COMEX futures positioning.

I remember a past period of volatile Friday price activity in gold and silver, but the last two Fridays broke the usual pattern of sharp movement at the opening of the day session of COMEX trading, when other markets (London) were still open. And there was always some convenient cover story to explain the early Friday price volatility, such as the monthly employment report. The past two Fridays had late day price moves, yesterday’s up, the previous Friday down. Since there are no other world markets open late Friday, other than the COMEX, it is axiomatic that something on the COMEX caused gold and silver prices to move like they did.

My point is that the timing of the last two Friday price moves proves conclusively that COMEX futures positioning was the cause of those moves and not anything else. As an analyst, I’m always looking for the most plausible explanation to back up what has occurred and, as you know, I contend that COMEX positioning best explains price change, whenever that price change occurs. But sometimes, “most plausible” becomes the “only possible” explanation and that’s the case with late-Friday price jolts. Silver analyst Ted Butler Nov 18 2017 via Ed Steer subscribe here-

-Since gold has yet to penetrate its 200-day moving average ($1,263) to the downside over the past four months, I would imagine the likelihood of aggressive managed money selling would be greater at this point than it was in silver on a downside penetration in gold (since silver penetrated its moving averages regularly over the past month or so). Should we get that downside penetration in gold which triggers aggressive managed money selling, my attention will be focused on what transpires in silver. Maybe a drop in the gold price accompanied with aggressive managed money selling will help induce aggressive managed money selling in silver as well. If it doesn’t, then that might suggest something is definitely afoot.

While I’m still of the opinion that past patterns suggest the probability of a flush out to the downside (featuring aggressive managed money selling), the lack of such selling in silver to this point is notable. So notable that I’ve taken to increasing my call option exposure even though I haven’t replaced the chips I took off the table at the September price highs. Usually, I only buy pie-in-the-sky out of the money silver call options when I feel the market structure is bullish, as an add-on to full all-in positions on a cash basis. I guess what I’m saying is this. If the commercials succeed in flushing out the managed money traders to the downside, please rest assured that I intend to load the boat with call options at that point, same as ever.

What’s different this time is that because the COMEX market structure isn’t bullish, I’m not fully all-in on cash (SLV) positions, but I’m concerned enough about something going amiss to the upside that I’ve bought enough out of the money call protection to sleep at night.