Okay – so it has apparently broken Australian records for the highest price paid for a ‘piece of jewellery’ [Sotheby’s] …
media image; click on image for original source
But it hardly a ‘piece of jewellery’ in my opinion …
-> it’s two huge diamonds set in the least imaginative setting just so it could be sold …
-> the ‘jewellery’ component here is just so the rocks wouldn’t be sold as loose stones (and perhaps at a lower price) …
-> and there’s some import rule about bringing loose stones into some countries with attracts a much higher tax duty than applied to ‘jewellery’….
-> plus, some insurers won’t insure loose stones but will insure ‘jewellery’ …
Pfftt…
Update (30th June): since writing the above mini-rant, have found that the pendant was on a necklet of 24cts of diamonds … okay, so I suppose I have to relinquish and admit defeat, it is theoretically ‘jewellery’ …
Melbourne Jeweller 