Rare ‘Ocean Dream’ Diamond Sells for Record $17.3 Million at Christie’s

A rare 5.5-carat blue-green diamond known as the 'Ocean Dream' sold for $17.3 million at Christie’s Geneva jewelry sale, setting a record for a fancy vivid blue-green diamond at auction. The sale far exceeded its presale estimate of $9 million to $13 million after a 20-minute bidding battle. In other auction news, Sotheby’s New York sold over $433 million worth of art in its contemporary art sales, including 11 pieces from the Robert Mnuchin collection. Meanwhile, London’s Wellcome Collection agreed to return around 2,000 sacred Jain manuscripts to the Jain religious community under a new restitution framework, acknowledging they were acquired unethically. Several art fairs were announced, including Zero 10 curated by Trevor Paglen at Art Basel in Switzerland, CAN Art Fair Ibiza’s fifth edition, and Art-o-rama’s 20th edition in Marseille. Notable gallery news includes the bankruptcy and closure of French gallery Air de Paris after 36 years, and Carine Karam becoming director of Opera Gallery’s New York outpost. Hong Kong’s M+ and Paris’s Centre Pompidou announced a multi-year strategic alliance, and New York’s Frick Collection entered a three-year partnership with Louis Vuitton.

Gala Season! Shaggy and Jewel Hit the Whitney, Henry Taylor and Pharrell Toast Gordon Parks, and More Juicy Art-World Gossip

Artnet News' gossip column "Wet Paint" reports on the Whitney Museum's 2026 annual gala, a major fundraising event. The author describes the scene: donors and celebrities like Jewel, Neil Patrick Harris, and Nigel Barker mingled with artists Julie Mehretu (the honoree) and Glenn Ligon. Notably, the 56 artists in the current Whitney Biennial were not invited due to limited seating, a policy confirmed by the museum. The evening raised $6.3 million, with individual seats costing $7,500.

Who Went to Venice Last Week? Jenny Saville, Glenn Lowry, Jewel, and Many Other Power Players

Artnet News reporter Katya Kazakina recounts her experience at the opening week of the 61st Venice Biennale, describing a whirlwind of art, parties, and chance encounters. Notable figures spotted include former MoMA director Glenn Lowry, singer-songwriter Jewel (who debuted her visual art show "Matriclysm: An Archaeology of Connections Lost"), and Japanese Nintendo heir and collector Banjo Yamauchi. High-profile events included Thaddaeus Ropac gallery's reception for Georg Baselitz's final paintings (priced up to $1.5 million) and François Pinault's annual party at Fondazione Giorgio Cini, attended by Selma Hayek, Lorna Simpson, and JR. The article also highlights the social dynamics of the biennale, where dealers, curators, and collectors network across historic palazzos and hotels.

Frieze New York will Open With 68 Galleries from 26 Countries, and Other News.

Frieze New York will open on May 13, 2026, at The Shed with 68 galleries from 26 countries, marking its 15th edition. The fair emphasizes Central and South American galleries, supported by new committee members Fátima González and Omayra Alvarado, alongside blue-chip exhibitors like Gagosian, Hauser & Wirth, and Pace. In other news, Phillips set a watch auction record with its $96.3 million Geneva sale, the Met Gala generated $1.56 billion in media value, and ICFF announced a November 2027 edition. Tiffany & Co. and the CFDA launched a new jewelry design scholarship.

The Louvre Heist Is Coming to a Cinema Near You

French publishing house Flammarion has sold the film rights for a feature adaptation of the 2025 Louvre jewel heist, in which thieves stole France's crown jewels worth over $100 million from the Apollo Gallery in broad daylight. French director Romain Gavras will direct the film, inspired by the investigative book "Main basse sur le Louvre" (2026) co-written by journalists from Le Parisien, Le Monde, and Paris Match. Documentary rights have also been sold to a British producer, even as the five suspects await trial and the stolen jewels remain missing.

Behind the Scenes of the Louvre Heist

Dans les coulisses du braquage du Louvre

On October 19, 2025, a forklift truck was used to gain access to the Louvre Museum in Paris, where two thieves stole heritage jewelry that has not yet been recovered. Crime journalist Patricia Tourancheau investigated the heist, publishing a book titled "Le Casse du Louvre. Dans les coulisses du musée mythique" (Édition du Seuil, 2026) that details the museum's security failures and profiles the expert burglars.

Six months after the Louvre heist, a 'Complément d'enquête' takes stock, with never-before-seen images broadcast tonight on France 2

Six mois après le casse du Louvre, un « Complément d’enquête » fait le point, avec des images inédites diffusées ce soir sur France 2

On October 19, 2025, eight historic and priceless jewels were stolen from the Galerie d'Apollon at the Louvre Museum in Paris in just over three minutes, using a hoist and an angle grinder. Six months later, the French investigative program "Complément d'enquête" airs a 50-minute documentary titled "Musée du Louvre : dans les coulisses du casse du siècle" on France 2, featuring exclusive surveillance footage, interviews with guards, police, experts, and ministers, and new details about the four suspects arrested within weeks.

Architects Behind Frick Renovation Tapped for Louvre’s ‘New Renaissance’

The French government has selected STUDIOS Architecture to lead a major renovation of the Louvre Museum in Paris, including new galleries and a second entrance. The project, called the 'New Louvre Renaissance,' was announced by President Emmanuel Macron in early 2025 but stalled after a jewel heist and staff strikes led to the resignation of former Louvre president Laurence des Cars, who was succeeded by Christophe Leribault. The $778 million plan aims to ease overcrowding at the museum, which hosts 9 million visitors annually, and includes a dedicated 33,000-square-foot gallery for the Mona Lisa.

Bvlgari enters the inner circle of the Venice Biennale

Bvlgari has become the first Exclusive Partner of La Biennale di Venezia, a landmark agreement that extends through 2030. The Roman jeweler will inaugurate its role at the 2026 Venice Biennale with two major initiatives: a newly created Bvlgari Pavilion at the Giardini featuring Canadian artist Lotus L. Kang, and an exhibition at the Biblioteca Nazionale Marciana curated by Fondazione Bvlgari, presenting works by Italian artists Lara Favaretto and Monia Ben Hamouda.