Birmingham auctioneer to sell ring from Trump’s ex-wife
It’s a diamond engagement ring that only can be described as yuuuuuge.
Birmingham-based jewelry auctioneer Joseph DuMouchelle is selling the 7.45 carat diamond engagement ring GOP presidential hopeful Donald Trump gave to his second wife, Marla Maples, an actress and TV personality, on June 29.
Designed by Harry Winston, this is second time the emerald-cut diamond has been on the auction block. The ring was originally sold in 2000 for $110,000 following the couple’s divorce in 1999. Maples had DuMouchelle handle the first auction.
“The woman that bought the ring got a lot of wear and enjoyment out of it, and after 16 years, is ready for someone else to have it,” DuMouchelle said. “This is the second time that we will be selling the ring, and the opening bid will most likely start at $250,000.”
The latest auction will be held at New York City’s Lotte Palace Hotel and online and will be overseen by DuMouchelle’s New York office, but he said there is a market in Michigan for high-priced items.
“There are so many people from all over that live in this area that are looking for unique items such as this one,” he said. “The good thing about the auction is that it gives people the opportunity to bid without feeling like they have to be in New York or Los Angeles.”
As Trump is the likely choice for the Republican presidential nominee and Maples recent resurgence earlier this year with her appearance on “Dancing with the Stars,” the rock is gaining more attention than normal.
“It’s unique that the ring was owned by Trump and Maples, but more focus is the fact that it’s a Harry Winston diamond,” DuMouchelle said. “A ring that size, over seven carats and is that high in quality is rare.”
While most would try to hold on to such a precious stone, Armen Darakjian, owner of Darakjian Jewelers in Birmingham, said some people have their reasons as to why they would part with such a unique jewel.
“Getting rid of jewelry can be a way of relieving someone of a memory, especially if it’s not for financial reasons,” Darakjian said. “Also, people might not want a ring that may be associated with a certain name.”
The auction will begin at noon and will feature items from Tiffany & Co., Verdura, Cartier and David Webb. In order to purchase items, buyers are urged to register online before the auction starts.
“We are expecting the ring go for $300,000, but it could be more,” DuMouchelle said. “It’s tough to find a ring like this.”