Jewelry auctions reflecting global economy.

Israel Diamonds | February 1, 2009 | Copyright

To borrow a well-known phrase from Charles Dickens, this Fall's auction season could be characterized as both 'The best of times, and the worst of times." Perhaps most accurately, it could be summed up as "the weirdest of times." While several of the earlier sales in New York, Hong Kong and Geneva performed poorly, to be charitable, the season ended with two significant triumphs. In October, when the first sale took place in New York, buyer resistance was high. The financial shocks were coming in endless waves of misery, and there seemed to be a global distaste for buying ...

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