Massive opal hits Alaska auction block

Dan Newman, founder of Alaska Premier Auctions and Appraisers, and Nick Cline, a business partner, pose on Friday in Anchorage, Alaska, with the opal up for grabs. AP

Nick Cline receives calls about all kinds of items people want to sell through the Anchorage, Alaska, auction house where he works, but he was caught off guard by a call he received last autumn from a man saying he had “one of the largest opals in the world".

“I was extremely sceptical but extremely excited,” said Mr Cline, a partner and appraisal specialist with Alaska Premier Auctions & Appraisals.

The auction house said the opal, called the “Americus Australis”, is more than 11,800 carats and is one of the largest gem-quality opals in existence.

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It also has a long history.

Most recently, it was kept in a linen wardrobe in a home in Big Lake, north of Anchorage, by Fred von Brandt, who mines for gold in Alaska and whose family has deep roots in the gem and rock business.

The opal is larger than a brick and is broken into two pieces, which Mr von Brandt said was a practice used decades ago to prove gem quality.

Mr von Brandt said the stone has been in his family since the late 1950s, when his grandfather bought it from an Australian opal dealer named John Altmann.

He also said the opal for decades was in the care of his father, Guy von Brandt, who decided it had been “locked up long enough, that it's time to put it back out in the world and see what interest it can generate”.

“He entrusted me to figure out which direction we wanted to go to part with the stone,” Mr von Brandt told The Associated Press.

The family, with roots in California, exhibited the stone at gem shows for years, until the early 1980s, he said. His father then branched out into furniture and displayed it at his shop. The elder Mr von Brandt eventually moved to Oregon and kept the stone “kind of tucked away” for many years, his son said.

Mr von Brandt said he brought it with him to Alaska over a year ago as he weighed the best approach to a possible sale. He said he went with Alaska Premier Auctions & Appraisals because he thought it would receive more attention from the newer company than a larger auction house. The sale is set for Sunday.

Cline said the family has documentation surrounding the provenance of the opal.

As part of his research, he contacted Fiona Altmann, granddaughter of John Altmann and general manager of Altmann + Cherny in Sydney, Australia.

Ms Altmann said her grandfather, in his business dealings, made regular trips to Europe and the US.

She said when Cline emailed her, she was sceptical; the name of the stone, in particular, threw her. But she said she started digging and discovered “something with my grandfather’s handwriting with the picture of the opal with the word ‘Americus Australis’”.

“I with 100 per cent certainty know that their provenance information is 100 per cent accurate” because it lines up with information she has, she said.

The auction house said the stone was discovered in the same field in Australia as the opal known as the “Olympic Australis”, which weighs 17,000 carats and is on permanent display in Ms Altmann's shop.

The auction company is seeking minimum bids of $125,000 during Sunday's auction with a targeted sales price of $250,000 to $350,000, Mr Cline said.

An employee works inside the workshop of Bajocchi Jewellers, one of the oldest jewellery businesses in Egypt. Reuters

Pietro Bajocchi, 70, of Bajocchi Jewellers, looks at a diamond ring . The company was founded in the 1900s and established by the Italian Bajocchi family, in downtown Cairo. Reuters

An employee in the workshop at Bajocchi Jewellers. Reuters

Raul Bajocchi, of Bajocchi Jewellers, looks at an old safe inside the shop's premises. Reuters

Pietro and his son Raul, owners of Bajocchi Jewellers, at the entrance of their shop. Reuters

Bajocchi Jewellers has served Egyptian royalty and rulers in its years of operation. Reuters

The Associated Press contributed to this report