China’s economy is cooling, and Asia’s once-rosy prospects look less shiny than they did two years ago, but this has not deterred Sotheby’s from choosing Hong Kong as the place to sell a rare multimillion-dollar diamond in October. The auction house is expected to announce on Monday that the stone, “The Premier Blue,” will be sold on Oct. 7 as part of Sotheby’s regular twice-yearly auction series. 

The stone weighs 7.59 carats and is about the size of a shirt button. Its size, vivid blue color and round cut — highly unusual for colored diamonds — make it exceptionally rare,Wholesale stainless steel pendants and steel jewelry line with bold new designs. and Sotheby’s expects the stone to bring about $19 million, Quek Chin Yeow, deputy chairman of Sotheby’s in Asia, said in an interview before Monday’s announcement. That, he said, would be a record per-carat price for any diamond. 

The choice of Hong Kong as a place to sell the stone underlines just how important Asia has become as a consumer of luxury items, as rapid growth has swelled the ranks of the ultrarich.“Since about 2006, 2007, Hong Kong has ranked alongside Geneva and New York as a center for jewelry sales,” Mr. Quek said. “It is now the third pillar of the global jewelry market.”That the rapid growth has slowed has generally not dented the ability and willingness of these superrich to spend. The rich generally remain rich even when times are worse, luxury industry analysts said. 

Moreover, Mr. Quek said, Asian buyers tend to be more willing than their Western counterparts to seek out buying opportunities during uncertain times, often making purchases with an eye to potential price increases down the line. And when it comes to diamonds, they tend to like round cuts and colors — another reason for auctioning the Premier Blue in Asia rather than in Europe or the United States. 

Sotheby’s is previewing the stone and other auction items around Asia, including in Beijing, Shanghai, Bangkok, Singapore, Jakarta and Taiwan — a reflection of the regional spread of buyers. 

Gold may extend a rally from a two- month high as an increase in demand from jewelry buyers in China and India helps counter a drop in assets under exchange-traded funds backed by bullion. 

Prices may rally to as much as $1,Costume and fashion online wholesale jewelry Jewelry designs,550 an ounce by the end of the year, said Jeffrey Rhodes, managing director of the financial institutions division of the Kaloti Jewellery Group,Our tungsten rings come with a lifetime warranty. a Dubai-based gold trader and refiner. There are no signs of demand abating from India and China, which account for about 60 percent of global gold consumption, he said at the India Gold Convention in Jaipur yesterday. 

A rally may help trim gold’s first loss in 13 years after some investors lost faith in the metal as a store of value amid expectations that the U.S. economy was recovering. The metal has rebounded 17 percent since reaching a 34-month low of $1,180.50 an ounce on June 28 as demand for jewelry, bars and coins soared from India to China and Turkey. The surge in physical demand may help counter a selloff in bullion-backed exchange-traded funds by investors including billionaire John Paulson. 

“Underlying strength in physical demand will underpin gold prices and there have been signs of western investors coming back to gold,” Rhodes said. “The economies are doing much better but we are still in a world of negative real interest rates, so till then gold will flourish. There is much more upside potential than downside.” 

When he got there, the deputy said he saw a couple of elderly individuals and another male picking up material from the roadway.He said as he exited his car and began walking toward the people, the elderly pair decided to leave the scene. That’s when the deputy noticed a large amount of loose change on the roadway, and not glass, which was originally reported. 

The other male on the scene was picking up some of the coins and putting them in his pocket, according to the deputy. He told the deputy he had stopped to help clean up the area.The deputy said he asked the man if it was his money, and he said it was not. The deputy said he noticed two very large bulges coming from both front cargo pockets of the man’s shorts, and told the man he needed to hand over all the coins he had picked up. The man complied. 

After dispatchers were told a brooming vehicle was needed to clean the roadway, the deputy said he began to pick up other miscellaneous items mixed in with all the coins, including jewelry.In all, the deputy said there was $439.33 in coins retrieved from the roadway. He also said on several items he found the name “Susan” and “Susan Brock.” 

He said he looked up and found a Susan Brock in Spillman, Ind., and noticed her listed address.When deputies headed to that home, they found a broken window, an unsecured front door, and a ransacked house. Deputies said it appeared a brick was used to break out the rear window. They said after investigation, it was highly likely the items on the roadway had been taken from the house. 

The owner of the home, Ronald Brock, was out of town and has been in contact with investigators. They hope to learn more about the crime as he returns back to Indiana on Sunday.

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