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AV Globale Collectors Chest auction concludes in Dubai

Argyle Fancy Red Radiant fetches US$1,555,555 in online auction also viewed in Israel, Japan, Hong Kong

DUBAI: The AV Globale-conducted Collectors Chest Chapter II auction, which offered a unique assortment of the world’s most exotic and alluring diamonds, precious gemstones, and an exquisite jewellery collection studded with premium gemstones, concluded after successful private viewings in Israel, Japan, Hong Kong and Dubai.

The prized piece sold at the AV Globale Collectors Chest Chapter II auction was the 0.68-carat Argyle Fancy Red Radiant that beat its estimated price of US$1,360,000 and fetched US$1,555,555.

The Argyle Fancy Red Radiant remained the second most viewed stone in the collection — falling only behind the 1.01-carat straight fancy red round brilliant cut diamond ‘The Scarlet Chakra’.

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Overall, the auction garnered in the range of 26.2 percent of the total value in the AV Globale online bidding platform.

Ashish Vijay, Chairman and Founder of AV Globale, said: “We have delivered as promised. The second chapter of the Collectors Chest closed with results as expected. This auction was particularly important to us, as we were live on all social platforms with participants and viewers closely watching the bidding online.

“At AV Globale our commitment to transparency and innovation is the top priority as we progress toward the future of this industry. Certainly, the third chapter of The Collectors Chest shall be more disruptive in its approach. We recently introduced the AV 103 Limited Collection, a premium display carefully selected by the House of ASHISH VIJAY into a perfect array for the world to witness the best nature has offered in diamonds and gemstones.

“As Director ICA for Dubai, it is also my responsibility to promote the vision of this city in becoming a hub of precious gemstones, and rough and polished diamonds. With events such as these being conducted globally, and concluding back in Dubai is just the beginning of a new era. Furthermore, this month of March our upcoming auction for rough diamonds offers a wide range of fancy coloured along with a mix of fine and commercial rough stones.”

AV Globale vows to bring together the whole precious stones community through the company’s holistic business model. Aptly utilising technology, AV Globale holds an online auction, allowing everyone to participate from across the world. The company provides one of the most effective and transparent marketing and sales distribution avenues for gemstone enthusiasts.

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