Tamir Pinchasi loves rare stones, and Paraiba tourmaline may be his favorite—especially in light of his recent acquisition of a 28.98 ct. cabochon-cut specimen.
“Paraiba is the rarest stone in jewelry today,” says the designer behind Tamir Jewels in Beverly Hills, Calif. “It’s especially rare because there’s practically none left to mine today, no other gem is similar to this one in color, and the price of it has shown steady increases every year since industry started mining it in the late 80s. It’s very similar to the Kashmir sapphire market.”
Pinchasi acquired a rare 28.98 ct., neon-blue Paraiba cabochon two months ago from one of his regular stone suppliers, and decided to mount it in a ring for maximum wear.
“Both a necklace and a ring will have a ‘wow’ factor, but I think rings sell better and are more practical,” he explains.
Set in a handcrafted platinum ring, the stone is accented with 4.18 cts. t.w. round-brilliant and rose-cut diamonds; Pinchasi estimates that it could retail for up to $180,000.
“It’s a very sweet neon blue color—the original hue that used to come from the Paraiba mines in Brazil when it was first discovered,” he says. “You hardly see this color, or cabochon cuts, anymore.”
So far, Pinchasi has only shared this image of the ring with one retailer, who was in awe of the piece, but wasn’t ready to purchase it. Still, Pinchasi is undeterred: “Not everyone understands Paraiba,” he says.
Platinum ring with 28 ct. Paraiba tourmaline cabochon with 4.18 cts. t.w. round-brilliant and rose-cut diamonds; $180,000