Here's an interesting bit from the LUXIST website about DAR

.secrets of the alchemist darA Treasure Hunt's Jewels To Go Up For Auctionby Deidre Woollard (RSS feed)

Filed under: Jewelry

A couple of years ago we heard about a treasure hunt related to a book, "Secrets of the Alchemist Dar" which contained riddles leading to 100 gems including one rare stone which was said to be worth over $900,000. But the hunt was canceled and now a treasure heads to the auction block.

The rare stone in question was a .59 carat red diamond from Australia's famous Argyle mine and it will be auctioned on September 16, 2009, in New York. Colored Stone Magazine reports that a winning bid at a September 16th auction in the Penthouse of the International Diamond Tower includes four other treasures, rings holding a .54 carat oval blue diamond, another with a 1.01-carat yellow diamond, a pink diamond ring and an enameled ladybug ring. The collection was created for Donald Palmieri of the Gemological Appraisal Association in New York who chose and bought the stones for the author's collection.

As the story goes by the time Palmieri had bought the raw materials for the collection, he had spent close to $1 million but the five-ring collection only has a minimum reserve of $400,000. In May 2006 the collection was appraised at $1,195,500 with the red diamond ring estimated at being worth $1 million.

Why did the jewelry never end up in the hunt? It's a curious tale. Software genius Michael Stadther had self-published the best-selling fantasy novel, "A Treasure Trove: A Fairy Tale About Real Treasure for Parents and Children of All Ages." Clues in the book led to a 18K gold tokens buried at various U.S. national parks which were then redeemed for fine jewelry pieces related to the book. The sequel called for clues hidden all over the world and Stadher wanted even more extravagantly enticing prices, hence the gathering of rare colored diamonds. Palmieri bought the diamonds and designer Aaron Basha began to create the pieces. But something happened on the way to the treasure hunt, Stadther and his publisher fell out and the treasure hunt was canceled.

A recent bankruptcy document on the Tweleve forum shines further light on the situation including the fact that the sequel was a failure, $200,000 was owed to Simon and Schuster and a movie deal with Paramount fell through. Now the rings are up for sale so that some money can be recouped. The rings were available at the JCK Show in Las Vegas earlier this month but did not sell there and so the auction has been scheduled for this fall.


Gallery: The Five Rings Of The Secrets of the Alchemist Dar

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Tags: a treasures trove, ATreasuresTrove, auction, jewels, red diamond, RedDiamond, secrets of the alchemist dar, SecretsOfTheAlchemistDar, treasure hunt, TreasureHunt

Email thisShareTweet this!Comments (0).100 Fairy Rings in the Secrets of the Alchemist Darby Deidre Woollard (RSS feed)

Filed under: Jewelry

We first wrote about a book called "Secrets of Alchemist Dar" back in March. Now the book, which is basically a treasure hunt, is finally out so the hunt for the 100 gems is on. The 100 fairy rings were created by Aaron Basha, the jeweler most famous for his enameled baby shoes. The most valuable prize is a red diamond from the Argyle mine in Austraila. This ring is worth $1 million, fully half of the $2 million treasure total. THe ring is set in 18K rose gold with a one .59 carat radiant-cut natural fancy red diamond and 52 natural fancy and fancy intense pink and natural pink diamonds weighing .79 carats. You can check out the other rings at the Aaron Basha website.
Happy hunting