Barbara Sinatra's 20.6-Carat Engagement Ring Tops 'Lady Blue Eyes' Collection at Sotheby's

The 20.6-carat emerald-cut diamond ring that Frank Sinatra famously presented to fourth wife, Barbara, in a glass of champagne is the top jewelry item in a series of upcoming Sotheby's auctions focusing on the treasures gathered by the couple during their 22-year marriage.

The legendary singer had met Barbara in the early 1960s, but they didn't start dating until 10 years later. When Frank was finally ready to cement the relationship after a turbulent four-year courtship, he reportedly tossed two huge diamonds onto the bed told Barbara to pick one. The emerald-cut diamond was her favorite, so Frank had a jeweler set the stone in a platinum ring accented with triangular-cut side stones.

Ever the romantic, Frank decided to forgo the traditional box and surprised Barbara by submerging the diamond ring in a glass of champagne. According to Sotheby's, Frank hadn't offered a formal proposal, so the engagement was only official after Barbara made him choose which finger to put it on. The couple married in Palm Springs in 1976. Frank was 60 and Barbara was 49.

Barbara's ring will hit the auction block at Sotheby's New York with a pre-sale high estimate of $1.5 million. It's one of 200 lots grouped under the banner of "Lady Blue Eyes: Property of Barbara and Frank Sinatra." Items range from artwork and show memorabilia to jewels and objects from their home. Sotheby's believes the 200 lots should yield at least $3.5 million.

In her memoir, Lady Blue Eyes: My Life with Frank, Barbara described how her husband always went out of his way to make her feel "loved and cherished every day, taking the time to express his feelings."

"He loved buying jewels for her and spontaneously surprising her in interesting ways," Mari-Claudia Jimenez, managing director of Sotheby's Fiduciary Client Group, told CNN. "There was a time when he'd put bracelets and rings in her pockets for her to find. One time, they were watching television, eating popcorn and she found a diamond ring inside the popcorn box."

Frank Sinatra passed away in 1998 at the age of 82. Barbara Sinatra died in July of 2017. She was 90.

Credit: Jewelry image courtesy of Sotheby's. Frank and Barbara Sinatra photo courtesy the Estate of Barbara Sinatra.

Marie Antoinette's Natural Pearl Pendant Crushes Auction Record As It Sells for $36.1 Million

A natural pearl pendant that was once owned by Queen Marie Antoinette and smuggled out of France just before her arrest in 1791 fetched $36.1 million at Sotheby's Geneva last week.

Aggressive bidding elevated the price to more than 18 times the pre-sale high estimate and demolished the previous record for the highest price ever paid for a natural pearl. The former title holder was La Peregrina, a pear-shaped natural pearl that was sold at Christie's in 2011 for $11.8 million as part of Elizabeth Taylor's collection.

"Tonight we saw the Marie Antoinette factor work its magic," said Daniela Mascetti, Sotheby's Jewellery Chairman, Europe. "No other queen is more famous for her love of jewels, and her personal treasures, pearls and diamonds that survived intact the tumults of history."

The ill-fated French queen's natural pearl and diamond pendant is set with an oval diamond in a diamond bow motif. The slightly baroque drop-shaped natural saltwater pearl measures approximately 15.90mm x 18.35mm x 25.85mm and originally hung from Marie Antoinette's three-strand pearl necklace. The pendant entered the auction with a modest pre-sale estimate of $1 million to $2 million.

With a revolution raging in France in March 1791, Marie Antoinette and her husband, King Louis XVI, prepared to flee the country. The queen wrapped her most precious jewels in cotton and packed them neatly into a wooden chest. The diamond, ruby and pearl treasures were secretly shipped to Vienna in the care of Count Mercy Argentau, a loyal retainer to the queen.

“The jewels made it, but unfortunately, she did not,” Mascetti said.

Three months later, the royal family was captured in Varennes as they were trying to leave France. Both Louis XVI and Marie Antoinette were imprisoned and executed by guillotine in 1793.

Their last surviving child, Marie-Thérèse, was finally allowed to flee to Vienna after serving three years in solitary confinement. There, the teenage princess reclaimed her mother’s jewels that had been kept safe by her cousin, the Austrian Emperor Francis II.

The jewelry remained in the queen’s family for the next 200 years and had never been seen by the public — until they went on a promotional tour in the lead-up to Wednesday's auction in Geneva.

The pendant was among 10 exquisite pieces that once belonged to Marie Antoinette, all of which attracted fierce bidding. Together they realized a total of $42.7 million against a pre-sale estimate of $1.6 million to $2.9 million.

A beautiful three-strand necklace strung with 119 natural pearls also saw intense bidding. The final price of $2.3 million far outperformed the estimated price of $200,000 to $300,000.

The queen's jewelry was part of a larger auction collection comprised of 100 pieces from the Bourbon Parma family — a family linked to the royal dynasties of France, England, Spain, Austria, Holland and Italy. According to Sotheby's, international collectors and history lovers demonstrated the full force of their fascination with the storied treasures. Participants represented 43 countries.

Credit: Image courtesy of Sotheby’s.

Music Friday: Vince Gill Proposes With a Pretty Diamond Ring in 'Like My Daddy Did'

Welcome to Music Friday when we bring you romantic songs with jewelry, gemstones or precious metals in the title or lyrics. Today, 21-time Grammy winner Vince Gill buys a pretty diamond ring and proposes to the girl of his dreams in his 2016 release, "Like My Daddy Did."

He sings, "I found a little girl and I fell in love / She shines brighter than the stars above / I bought her a pretty diamond ring / Asked her, if she would marry me."

His girlfriend, however, is skeptical about making a lifelong commitment. Her hesitance stems from a fear that Gill might "treat her like her daddy did." We learn that her dad left the family when she was just a little kid.

"He took off runnin', I never saw his face again," she says.

Gill consoles her: "There's nothing you could tell me that would change a thing / I still want you to wear my ring."

Ironically, Gill promises, "I'll treat you like my daddy did." Gill's dad was loving and kind. When Gill was a kid, his dad took him fishing and never missed any of his ballgames.

"There ain't no scars on this heart of mine," he sings.

In the end, Gill's girlfriend accepts the diamond ring and they get married.

In a promotional video about the song he penned, Gill said, "I love the yin and yang of the story, how he's undaunted by her past. It's sweet."

"Like My Daddy Did" appeared as the fourth track of Down to My Last Bad Habit, Gill's 14th studio album. Over the course of his 40-year career, the singer-songwriter and multi-instrumentalist has sold more than 26 million albums and placed more than 40 singles on the U.S. Billboard Hot Country Songs chart. He's won 21 Grammy awards from 44 nominations and earned the 2,478th star of the Hollywood Walk of Fame in 2012.

Born in Norman, Okla., in 1957, Gill was inspired to pursue a music career by his dad, who was not only a lawyer and an administrative law judge, but also played part-time in a country music band. At the age of 10, Gill was already an accomplished guitarist. His love for instruments led him to learn how to play the mandolin, banjo and fiddle.

After graduating high school, he moved to Louisville to join the band Bluegrass Alliance. In the 1970s, he earned widespread fame as the frontman for the country rock band Pure Prairie League. Gill became a solo artist in 1983 and married "The Queen of Christian Pop" Amy Grant in 2000. More recently, he joined the Eagles on tour, singing lead vocals.

Please check out the video of Gill performing the acoustic version of "Like My Daddy Did." The lyrics are below if you'd like to sing along...

"Like My Daddy Did"
Written and performed by Vince Gill.

I found a little girl and I fell in love
She shines brighter than the stars above
I bought her a pretty diamond ring
Asked her, if she would marry me

She said, will you treat me like my daddy did
Left me and momma, I was just a kid
He took off runnin', I never saw his face again
So, when it comes to love, I ain't the trustin' kind
There's a whole lotta scars on this heart of mine
I'm crazy about ya, I'm not sure I can

I took that pretty girl by the hand
I looked her in her eyes and said I understand
There's nothing you could tell me that would change a thing
I still want you to wear my ring

I'll treat you just like my daddy did
He took me fishin' when I was a kid
When I played ball, he never missed a game
When it comes to love, I'm the trusting kind
There ain't no scars on this heart of mine
I'm crazy about ya, I'm pretty sure I can

Tomorrow morning is our wedding day
And all your fears are gonna fade away
Together we're gonna build a bridge
No, I won't treat ya like your daddy did
We'll have the kind of love that's the trusting kind
I'll give you ever piece of this heart of mine
We were meant to be, I'm pretty sure we can

I found a little girl and I fell in love
She shines brighter than the stars above

Credits: Screen capture via YouTube.com.

Miners Seek Coveted 'AO' Status for Colombian Emeralds, Claim They're Geographically Unique

Colombian miners are seeking to gain coveted "AO" status for their emeralds, widely considered to be the finest in the world. "AO" is shorthand for "appellation of origin," which is a designation given to products that possess unique characteristics associated with their geographic location.

One of the most notable products with "AO" status is Parma ham from Italy. For ham to be marked with the Parma name, it must be produced in the Italian province of Parma using pigs exclusively from that area. Other famous "AO" products include Tequila from Mexico, Bordeaux wine from France and Gruyere cheese from Switzerland.

Colombia's national emerald producers’ association, Aprecol, is planning to submit its "AO" application to Colombia’s patent and registration office by the end of this year, according to the Financial Times. Once approved by that office, the application will be forwarded to the UN’s World Intellectual Property Organization in Geneva, Switzerland, for further consideration. A final decision could come as early as March 2019.

The association will argue that Colombia's emeralds are distinctively different than emeralds mined in other parts of the world. Not only do they possess a rare combination of intense color and crystalline transparency, but they also have a unique chemical fingerprint, according to gemologists. With the use of X-ray spectroscopy, they can pinpoint whether a stone was sourced at Colombia's Muzo, Coscuez or Chivor mine.

“We want customers to know that when they buy a Colombian emerald, they are getting the genuine thing, that it was exported from Colombia legally and that it was mined ethically and responsibly,” Aprecol president Edwin Molina told the Financial Times.

The Colombian-sourced Gachala Emerald, above, weighs 858 carats and was gifted to the Smithsonian by Harry Winston in 1969. The extraordinary gem was mined in Gachala in 1967.

Credit: Image by Chip Clark/Smithsonian.

All-Diamond Ring Crafted From a Single Rough Gem May Fetch $250,000 at Benefit Auction

An all-diamond ring custom crafted from a single rough gem is expected to fetch up to $250,000 when Sotheby's offers it for sale December 5 at the third (RED) Auction in Miami. Proceeds from the sale will support HIV/AIDS programs in Africa.

Conceived by Sir Jony Ive, Apple’s Chief Design Officer, and renowned industrial designer Marc Newson, The (Red) Diamond Ring will contain no metal elements. The lab-grown rough diamond will be carved into a ring shape by master cutters in Antwerp using laser beam and water jet technology. It will come to life by removing material rather than adding it.

“It is not a precious stone in a metal setting mounted on a metal band,” Ive told robbreport.com. “It is truly a diamond ring.”

In the end, the ring will feature between 2,000 and 3,000 individual facets, some as small as several hundred micrometers (1,000 micrometers equals 1 millimeter). According to Sotheby's, the ring's interior will be cylindrically cut for the desired smoothness using a micrometer-thick water jet.

The ring in the photo, above, is conceptual. The actual piece will be custom-made for the winning bidder in any ring size up to 5. Sotheby's set the pre-sale estimate at $150,000 to $250,000.

Shawish Geneva was the first company to form a ring from a single diamond. Shawish unveiled the innovative ring to the public during the 2012 Baseworld Watch and Jewelry Show. That ring was laser-cut from a 150-carat rough diamond. While the Shawish ring was certainly groundbreaking, the Ive-Newson design is said to be more wearable.

The company responsible for creating the lab-grown rough diamond for this project is San Francisco-based Diamond Foundry. The rough is expected to be larger than 45 carats.

The (Red) Diamond Ring will be auctioned by Sotheby’s during Art Basel Miami. Previous (RED) Auctions have generated $68 million for AIDS research.

Credit: Image courtesy of Sotheby's.