Jill Burgum’s lifelong passion for jewelry was ignited during her high school years when she first ventured into the world of jewelry craftsmanship. The allure of creating wearable miniature sculptures resonated with her artistic spirit, and it marked the beginning of her journey. After pursuing a degree in art history in college, Burgum’s fascination with jewelry led her back to the world of craftsmanship. She embarked on a serious exploration of jewelry manufacturing, driven by her commitment to refining her skills, which was triggered by an unfortunate incident involving a sapphire during a jewelry manufacturing class. This pivotal moment led her to the Gemological Institute of America, where she earned degrees in graduate gemology and jewelry design.
Subsequently, Burgum transitioned to the business aspect of the jewelry industry, taking the helm as the Executive Director of Fine Jewelry at Heritage Auctions. In 2022, her leadership resulted in the Fine Jewelry department recording an impressive $26.38 million in total sales.
In an exclusive interview, Jill Burgum delves into the highlights of holiday auctions, her admiration for colored diamonds, and her fondness for the fictional character Indiana Jones.
Record-breaking Achievements in 2022
The year 2022 marked a historic milestone for Heritage Auctions’ jewelry department when a 1.21-carat red diamond, overseen by Jill Burgum, achieved a remarkable sale price of $1.755 million. This sale represented the highest price ever paid for a jewelry item at Heritage Auctions. When asked about her experience that day, Burgum recounted the excitement and energy in the auction room, where the atmosphere was electric. Initially expecting the diamond to reach the $1 million mark, the bidding slowed around $600,000, creating a nerve-wracking moment. However, the diamond’s value gradually climbed, surpassing everyone’s expectations. Those final moments, according to Burgum, were filled with suspense.
The Popularity of Colored Diamonds and Market Trends
Colored diamonds continue to captivate Heritage’s client-collector base, a phenomenon that Burgum attributes to the joy and happiness they bring. Colored diamonds come in a vibrant spectrum of colors, appealing to diverse tastes, whether as treasured possessions or investments. Their rarity further enhances their desirability and collectibility.
Discussing the broader market trends, Burgum acknowledges that 2022 has been a year of significant change in the jewelry market landscape. While challenges have arisen, larger-sized diamonds and high-quality colored gemstones have remained strong, along with a stable metals market. A noteworthy trend has been the growing interest in men’s jewelry.
A Day in the Life of Jill Burgum
Describing a typical workday, Burgum humorously compares it to a circus clown riding a unicycle while juggling plates in the air. She emphasizes that there is never a dull moment, expressing her gratitude for being surrounded by outstanding colleagues and clients.
Favorite Aspects of the Job
When asked about her favorite parts of her role, Burgum identifies three key elements. First, she takes pleasure in helping people convert tangible assets into cash. Second, she thrives on the hunt for hidden treasures and the excitement of discovery. She humorously admits that her love for Indiana Jones, the fictional character known for treasure hunting, might explain this passion. Lastly, Burgum emphasizes her love for storytelling, whether it’s about a specific jewel, its designer, or the consignor. Creating and sharing compelling, creative narratives with their clientele brings her immense satisfaction.
Heritage’s Upcoming Holiday Fine Jewelry Signature Auction
Looking ahead to Heritage’s annual Holiday Fine Jewelry Signature Auction on December 4, Burgum anticipates a colorful array of jewelry, gemstones, and objets de vertu. She highlights several items that are particularly enticing, such as a 3.06-carat fancy pink diamond ring and Cartier dragon cuff links.
Jewelry for the Sharp-Dressed Man Showcase Auction
Burgum and her team are excited about the upcoming “Jewelry for the Sharp-Dressed Man Showcase Auction” scheduled for December 7. This carefully curated selection offers an array of stylish gift options for men, reflecting the current trend of men’s jewelry in the fashion press. Notably, lapel brooches for men are in high demand.
Parting Thoughts on Buying and Selling Fine Jewels at Auction
In closing, Burgum encourages both buyers and sellers to explore the auction experience. As a seller, she underscores the convenience of consigning items and allowing Heritage to handle the rest. With a global outreach and a robust marketing machine focused on success, they aim to maximize the exposure of your pieces. For buyers, jewelry acquisition through auctions offers a more cost-effective alternative to retail, providing greater value for your money and an endless variety of choices.
