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$14M Blue Diamond to Headline Christie’s Geneva
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A fancy-deep-blue diamond ring with a highestimate of CHF 14 million ($14.1 million) will go under the hammer at Christie’s GenevaMagnificent Jewels auction next month. The 7.03-carat stone,mounted by Moussaieff, will lead the November auction, Christie’s said...
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Polished Markets
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Oct 17, 2019
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Rapaport News
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Richemont Acquires Italian Jeweler Buccellati
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Swiss-based luxury retailer Richemont has bought high-endjeweler Buccellati from China’s Gangtai Group. Richemont, which also owns Cartier and Van Cleef &Arpels, closed the purchase of the 100% stake in the Italian jeweler...
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Retail
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Oct 02, 2019
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Rapaport News
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Cartier Sapphire Ring Crushes Estimate at Skinner
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A Cartier twin sapphire and diamond ring fetched more than double its low estimate at Skinner Auctioneers. The piece, which was created in the 1950s, features twoKashmir sapphires weighing 5.34 and 4.91 carats,...
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Polished Markets
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Sep 25, 2019
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Rapaport News
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Cartier Bracelet to Lead Sotheby’s Geneva Sale
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An Art Deco Cartier bracelet from a prominent femalecollector is set to go under the hammer for $2 million to $3 million atSotheby’s November Magnificent Jewels and Noble Jewels sale in Geneva. The center stone is a 47.07-carat, royal-blue Burmesesapphire with...
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Polished Markets
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Aug 29, 2019
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Rapaport News
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China Lifts Richemont Jewelry Revenue
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Sales at Richemont’s jewelry brands increased 10% in the first fiscalquarter, as lower value-added tax and customs duties drove purchases in mainland China,the luxury retailer said Thursday. Proceeds from the group’s largest product category...
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Retail
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Jul 18, 2019
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Rapaport News
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Christie’s Breaks Records with $109M Auction
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Christie’s Maharajas & Mughal Magnificence sale broughtin more than $109 million, the highest total for any auction featuring Indianart. The top lot was a Belle Époque brooch, created by Cartier in 1912, which...
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Polished Markets
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Jun 20, 2019
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Rapaport News
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Sales Rise at Cartier, Van Cleef
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Jewelry sales at Richemont — the owner of Cartier and VanCleef & Arpels — increased 10% in the past fiscal year, with growth in all regions and channels. Proceeds from the category rose to EUR 7.08 billion...
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Retail
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May 19, 2019
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Rapaport News
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Cartier, Van Cleef Sue Alleged Counterfeiter
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Cartier and Van Cleef & Arpels have filed a lawsuitagainst a Florida jeweler, claiming willful infringement on a number of theluxury jewelers’ famous trademarked collections. Scott King Inc., registered for business as Florida Diamond Brokers andKing...
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Financial-Legal
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May 13, 2019
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Rapaport News
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Watches of Switzerland to Go Public
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Watches of Switzerland will proceed with an initial publicoffering (IPO) on the London Stock Exchange in an effort to reduce its debt and support growth.The UK-based luxury-watch retailer plans to raise approximately GBP 155million ($201.6 million) by selling...
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Retail
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May 13, 2019
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Rapaport News
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Sotheby’s Garners $21.5M at New York Auctions
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Two Sotheby’s New York auctions brought in a combined $21.5million Wednesday, with a blue-diamond ring achieving the top price. The cut-cornered square modified brilliant-cut, 3.24-carat,fancy-intense-blue, VVS1-clarity diamond ring, flanked by two pear-shapeddiamonds, fetched $2.3...
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Polished Markets
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Apr 18, 2019
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Rapaport News
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Rare 25ct. Diamond to Lead Christie’s Geneva
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A storied diamond connected to the Oppenheimer family will be among the top lots at next month’sGeneva auction at Christie’s, with a presale estimate of $2.5 million to $3.5million. The rectangular-cut, 25.27-carat, D-color Jonker V ring will go underthe hammer...
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Polished Markets
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Apr 07, 2019
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Rapaport News
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Sotheby’s to Auction 3ct. Blue
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A fancy-intense-blue diamond ring with an estimate of $2.5million to $3 million is on track to be the top seller at Sotheby’s Magnificent Jewels auction in NewYork next month. The cut-cornered square modified brilliant-cut, 3.24-caratstone, flanked by two pear-shaped diamonds, will go under...
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Polished Markets
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Mar 27, 2019
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Rapaport News
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Blue Twin Diamonds to Lead Christie’s NY
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A twin-stone blue diamond ring will be the top lot at nextmonth’s Christie’s New York auction, with a presale estimate of $6 million to $8million. The piece, bearing two pear modified brilliant-cut, fancy-vivid-blue, VS2-clarity diamonds weighing 3.06...
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Polished Markets
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Mar 24, 2019
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Rapaport News
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Tiffany Provides Glimpse into Future Store Design
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With Tiffany & Co. refurbishing its flagship store on New York’s Fifth Avenue, there is a buzz of speculation on how the retailer plans to make the shop more interactive and appealing to millennials, as it has vowed to do....
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Retail
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Mar 19, 2019
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Joshua Freedman
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Lady Gaga Wears Yellow Tiffany Diamond to Oscars
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Actress and singer Lady Gaga sported a 128.54-carat yellowdiamond and platinum Tiffany necklace at the 91st Academy Awardsshow Sunday night. The Oscar winner wore the 141-year-old cushion-cut TiffanyDiamond — which originated in the Kimberley...
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Polished Markets
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Feb 25, 2019
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Rapaport News
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Jewelers of America Hires Membership Chief
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Jewelers of America (JA) has appointed Regina Ciarleglio asits new director of membership, the trade association said Friday. Ciarleglio, who will oversee JA’s membershipdevelopment and retention, has more than 25 years of experience in the...
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Polished Markets
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Jan 27, 2019
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Rapaport News
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Trade Sees Three New Appointments
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Three industry members have found homes in executivepositions at Jewelers’ Security Alliance (JSA), Jewelers Mutual Insurance Group and RoyalAsscher. Steven Kaiser was elected chairperson of the JSA board,replacing Stewart Wicht, the recently retired...
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Polished Markets
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Jan 21, 2019
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Rapaport News
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Chow Tai Fook Sales Dip on Economic Slowdown
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Chow Tai Fook followed a string of major retailers that have noted a slowdown in greater China as the jeweler's same-store sales fell in the three months that ended December 31. “A decline in same-store sales was recorded...
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Retail
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Jan 15, 2019
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Rapaport News
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China Drives Richemont Growth
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Richemont’s jewelry sales increased 9% in the third fiscal quarter,as strong growth in the Asia Pacific region offset weakness in Europe and the Middle East. Jewelry proceeds from Cartier and Van Cleef & Arpelsrose...
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Retail
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Jan 13, 2019
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Rapaport News
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3ct. Blue Sells for $1.4M at Fortuna
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Fortuna recorded its largest auction to date as a blue diamond ring fetched $1.4 million in New York earlier this month. The pear-shaped, 3.05-carat, fancy-intense-blue, SI2-claritydiamond ring surrounded by pink diamonds had a presale estimate of $1.2...
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Polished Markets
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Dec 13, 2018
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Rapaport News
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