Industry News Round up…

Christie's to hold first online-only jewelry sale

(July 16 ‘13, National Jeweler)
New York–Christie’s has announced that it will hold its first online-only jewelry sale on its website from July 17 to 26, offering more than 100 lots from various designers.

The Summer Jewels auction will be “highlighted by up-and-coming designers” Olivia Wildenstein and Lily Gabriella Elia, Christie’s said, and will also include pieces from Marina B and Roberto Coin.

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€100m Cannes jewel heist 'one of biggest ever'

A police car stands outside the Carlton Intercontinental Hotel in Cannes

(July 29 ‘13, John Lichfield, The Independent)
The audacious one-man raid on the Carlton Hotel in Cannes at the weekend was the largest jewellery robbery in French history, it emerged today.

The value of the diamond earrings and diamond-encrusted watches stolen from an exhibition at the hotel is now estimated at €103 million (£89 million) – more than double the amount first reported. The apparently simple raid now counts as one of biggest jewel robberies anywhere in the world.

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JTV Flashes Back to the '80s With 'Dynasty'-Inspired Jewelry

Dynasty ring, photo courtesy of Fletcher PR

(June 19 ‘13, Stephanie Schaefer, JCK Online)
The collection, which is made from white diamond simulants, ruby and emerald simulants, pearls, and black onyx, debuted on JTV on June 14. The bracelets, necklaces, rings and earrings range from $39.99 to $149.99.

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Selfridges robbery: Watches worth £1m stolen in raid

Police said watches worth an estimated £1m were stolen in the raid

(June 8 ‘13, BBC)
Six men who carried out a raid on London’s Selfridges department store stole watches worth an estimated £1m, police said.

The men, who were disguised in burkas, smashed glass cabinets and filled holdalls with high value watches on Thursday.

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Madonna Wears Diamond Mesh Glove From Jacob & Co.

Madonna in a white gold and diamond Jacob & Co. glove at the premiere of Madonna: The MDNA Tour (Photo: WireImage/Kevin Mazur)

(June 26 ‘13, Emili Vesilind, JCK Online)
The dazzling glove—created by New York City–based luxury fine jewelry and watch brand Jacob & Co.—certainly lent some irreverent luxe to the Marlene Dietrich–style tuxedo ensemble she wore at the June 18 premiere at Manhattan’s Paris Theatre.

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Briolette diamond sells for $11M at Christie's

(June 5 ‘13, National Jeweler)
Hong Kong–Yet another diamond has broken a world auction record. At Christie’s Hong Kong spring sale of fine jewelry, a 75.36-carat diamond briolette sold for $11.2 million, setting a new world record auction price for a briolette.

A private Asian buyer paid $148,000 per carat for the D, IF stone at Christie’s May 28 sale of Magnificent Jewels.

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Rio Tinto retains diamond businesses

(June 24 ‘13, Albert Robinson, National Jeweler)
London–Rio Tinto has ended more than a year of speculation by deciding to retain its diamonds businesses after concluding a strategic review that considered a range of options, including potential divestment.

Rio Tinto Diamonds & Minerals Chief Executive Alan Davies said: “The medium- to long-term market fundamentals for diamonds remain robust, fueled by growing demand for luxury goods in Asia and continuing strong demand in North America.

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Steampunk King Goes Star Trek: First Vianney Halter Watch In 7 Years

Vianney Halter's last watch was launched seven years ago: Classic Janvier Moon & Sun (Forbes)

(June 2 ‘13, Elizabeth Doerr, Forbes)
Vianney Halter has always gone into the deep space inside himself for his art, but his new oeuvre, which won’t be officially presented until next month, expresses not a frontier, but a “back to the roots” for him. It is his first new timepiece in seven years; his last was introduced in 2007: the Classic Janvier Moon & Sun, which displays both the equation of time (the difference between mean and solar time) and the lunar cycle.

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Botswana auctions diamonds at home

(June 26 ‘13, BBC)
Botswana, the world’s largest diamond producer, has started to auction its own diamonds for the first time instead of selling them in Europe.

The auction is by the government-owned Okavango Diamond Company.

Later in the year, diamond giant De Beers, which owns the country’s main mining firm with the government, will also move its sales to Gaborone.

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Christie's Geneva Sale Totals $102M

(May 16 ‘13, Avi Krawitz,
Christie’s Geneva sale of magnificent jewels totaled $102.1 million (CHF 98.8 million) ‎with the top lot setting a record auction price for a colorless diamond. The auction sold 86 ‎percent by lot and 93 percent by value.

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Sotheby's Magnificent and Noble Jewels Sale Nets $78M

(May 16 ‘13, Deena Taylor,
Sotheby’s garnered $78.2 million (CHF 74.8 million) at its auction of magnificent and noble jewels in Geneva this week. The auction was 87 percent sold by lot and 92 percent by value.

The top lot was a cushion-shaped modified brilliant-cut, 27.9-carat, D color, internally flawless diamond ring that fetched $4.4 million or $156,362 per carat. The stone, which was categorized a type IIa, sold to a private Asian buyer.

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Cannes Film Festival 2013 hit by second suspected jewellery heist

(May 24 ‘13, Belinda Goldsmith, The Independent)
The Cannes film festival was hit by a second suspected jewellery heist on Thursday after a diamond necklace worth €2 million (£1.7 million) disappeared during a star-studded party, according to upmarket jeweller De Grisogono.Read more »

Cannes Film Festival Hit by Second Jewelry Heist

(May 27 ‘13, Albert Robinson, IDEX Online News)
A week after a jewelry theft gave the Cannes film festival some unwanted attention, the famous film festival has been hit by a second suspected jewelry heist after a diamond necklace worth 2 million euros ($2.6 million) disappeared during a star-studded party, according to jeweler De Grisogono.

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Watches of Baselworld 2013

(May 20 ‘13, Michelle Graff, National Jeweler)
Basel–The introduction of more mid- and entry-price watch lines, an affinity for blue dials and timepieces created in the Art Deco style were among the trends observed at Baselworld 2013.

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Silver Price Sinks to Two-Year Low

(May 20 ‘13, Rob Bates,
Silver has followed gold in taking a major price tumble.

On May 20, the “spot” price of silver fell below $22 an ounce, its lowest price in over two years. At press time, it was trading at $21.98.

And that may just be the beginning, according to two Citibank analysts.

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James Bond's Breitling Top Time Watch To Be Auctioned at Christie's

The Breitling Top Time (Photo courtesy of Christie's)

(May 21 ‘13, Stephanie Schaefer,
Christie’s will auction James Bond’s Breitling Top Time watch, worn by Sean Connery in the 1965 movie Thunderball, during its Pop Culture sale on June 26.

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Argyle Finds Three Ultra-Rare Red Diamonds

The Argyle Phoenix (Photos courtesy of Argyle)

(May 20 ‘13, Rob Bates,
Argyle announced that it will feature three ultra-rare red diamonds in its upcoming Pink Diamond Tender-the most it has featured in its 30-year history.

Among them is a 1.56 ct. I2 fancy red, dubbed the Argyle Phoenix.

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Bayco Unveils 206-Carat Emerald at Baselworld

The 206-carat Imperial Emerald. Photo credit: Anthony DeMarco

(Apr 26 ‘13, Anthony DeMarco, Forbes)
Bayco Jewels unveiled what it calls “one of the most precious gemstones to ever exist” in its showroom Thursday during the opening day of Baselworld 2013.

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The Swiss watch sector is growing twice as fast as GDP

(Apr 22 ‘13, Haute Horlogerie)
Exports of Swiss watches have increased eightfold over four decades. Switzerland’s four French-speaking cantons weigh in at almost 70% of the sector’s added value for the country as a whole.

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Big Anniversaries to 'Watch' For At Baselworld: Rolex, TAG Heuer, Swatch, Seiko

The current Rolex Cosmograph Daytona

(Apr 19 ‘13, Elizabeth Doerr, Forbes)
Rolex , TAG Heuer, Swatch, Seiko, and Casio G-Shock are some of the big names in horology celebrating important anniversary dates at Baselworld, the world’s biggest watch fair, which begins next week on Thursday, April 25.

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Gold price plunge: is it time to buy?

The increased popularity of gold jewellery, particularly in India, has helped propel the price in recent years. Photo: REX

(Feb 27 ‘13, Emma Simon, The Telegraph)
What has happened?

The gold price never seems to be far from the financial headlines. In recent years this has been because it has regularly hit new heights, but last week it was a fall in prices that was causing waves. It hit a six-month low on Friday afternoon, having plunged through the $1,600 an ounce earlier in the week – the first time it had breached this level since August.

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Gold Sinks Below $1,500, Its Lowest Level in Nearly Two Years

(Apr 12 ‘13, Rob Bates,
As more investors sounded bearish notes about the yellow metal, on April 12, the spot price of gold sank below $1,500—its lowest level since July 2011.

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25.5 Carat Blue Diamond Found in South Africa

Photo courtesy of Petra Diamonds

(Apr 17 ‘13, Daniel Ford,
It’s only fitting on a day a 34.65 ct. pink diamond sells for $39.3 million that we also feature an equally impressive big blue diamond.

A 25.5 ct. blue diamond was recovered by Petra Diamonds Limited at the Cullinan mine in South Africa.

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Princie Diamond Is Most Expensive Jewel Ever Sold at Christie's

The Princie Diamond (Photo courtesy of Sotheby's)

(Apr 17 ‘13, Rob Bates,
On April 16, The Princie, a 34.65 ct. fancy intense pink cushion cut, scored $39.3 million ($1.1 million a carat) at Christie’s New York – making it the most expensive jewel ever sold in the auction house’s 200-plus year history.

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Sotheby's Sells 74.79 Carat D-Color Diamond for $14 Million

74.79 ct. white, pear-shaped diamond (Photos courtesy of Sotheby's)

(Apr 18 ‘13, Daniel Ford,
Another day, another multimillion dollar diamond sale.

At Sotheby’s New York Magnificant Jewels sale on April 17, a 74.79 ct. D-color, pear-shaped diamond earned more than $14 million.

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Market Comments 3/14/2013

(Mar 14 ‘13,
Hong Kong show boosts market confidence. 0.30-0.40ct., G-K, VS2-SI2 certs are hot with good demand through 1ct. Oversizes bringing premiums. CAUTION: speculative rough prices unsustainable. U.S. retail improves with Jan. jewelry store sales +15% to $1.9B. Chow Tai Fook Jan.-Feb. same-store sales -2% with China -7% and Hong Kong / Macau +5%. Gem Diamonds 2012 revenue -34% to $202M, loss of $77M vs. profit of $35M. Belgium’s Feb. polished exports -9% to $1.3B, rough imports +8% to $1.2B. Christie’s expects pear-shape, 101.73ct., D, IF diamond to fetch estimated $20M ($197K/ct.) at May Geneva auction.

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Most valuable necklace World Record for Mouawad

The record-breaking necklace is designed around the yellow Incomparable Diamond, the worlds largest internally flawless diamond.

(Mar 21 ‘13, Rachael Taylor,
The L’Incomparable 637ct diamond necklace has been valued at US$55 million (£36.2m) and as such has been certified by the Guinness Book of World Records as the most valuable neckpiece in the world.

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Graff Debuts $100M Peacock Brooch at TEFAF

(Mar 19 ‘13, Deena Taylor,
Graff Diamonds unveiled a unique diamond peacock brooch at the TEFAF luxury art and antiques fair being held in Maastricht, The Netherlands.

The brooch, which has a total carat weight of 120.81 is valued at $100 million, measures a little more than 10 centimeters in height and features a 20.02- carat fancy deep blue pear- shape diamond at its center.

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A. LANGE & SÖHNE - Record price for a rare watch

Tourbillon "Pour le Mérite". © A. Lange & Söhne

(Mar 22 ‘13,
In Geneva, on 17 March 2013 at the Antiquorum auction “Important Modern & Vintage Timepieces”, one of the most coveted A. Lange & Söhne masterpieces changed hands for 275.710 euros: a TOURBILLON “Pour le Mérite” with the very rare combination of a white-gold case and a blue dial. The fascinating watch belongs to a 1994 limited edition of 200 pieces. Fifty of these watches were cased in platinum and 130 were presented in 18-carat white-gold cases. Only 19 were endowed with white-gold cases.

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Tiffany Earnings Fall Despite Better Sales

(Mar 14 ‘13, IDEX Online)
Luxury retailer Tiffany & Co reported a 4 percent increase in net sales in the fourth quarter and in full year 2012, but its bottom line was hurt by rising gold and diamond prices, leading to a 10 percent drop in net earnings.

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Chaim Even-Zohar Expects Diamond Prices to Remain Volatile in 2013 - 2014

(Mar 22 ‘13, Tatiana Alexandrova, Rough&Polished, Moscow)
On the closing day of the US/International Diamond Week at the Israel Diamond Exchange (IDE) diamantaires from Israel and overseas were given a presentation by renowned diamond industry analyst Chaim Even-Zohar, President of Tacy Ltd., according to press release e-mailed to Rough&Polished.

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Prices for certain colored stones keep climbing

The cost of some gemstones, including rutilated quartz, remains high due to demand from emerging markets and shrinking supply.

(Mar 1 ‘13, National Jeweler)
Knoxville, Tenn.–Demand continues to push up the price of colored gemstones deemed desirable in emerging economies, forcing some dealers to turn to other stones, or sources, in order to be able to sell at a profit.

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Gold Will Sink to $1,300, Says Australian Government

(Mar 20 ‘13, JCK Online)
The price of gold will sink down to $1,300 an ounce in the coming years, according to a report from the Australian government’s Bureau of Resources and Energy Economics.

While the price of gold has increased for the past 11 years, says the report, 2012 showed the lowest annual increase in more than a decade.

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Inside Job Suspected in $50 Million Diamond Theft

(Feb 20 ‘13, JCK Online)
Security experts and local prosecutors say the thieves that perpetrated the audacious headline-making $50 million diamond theft on Feb. 18 at the Brussels airport likely had some inside information that allowed them to precisely plan their robbery.

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Can British manufacturing compete with overseas?

Derbyshire's CW Sellors says it is vital for British companies to keep telling consumers about their history of manufacture.

(Feb 22 ‘13, Professional Jeweller)
Being part of the British jewellery industry – and, more precisely, being a British manufacturer – conjures up the image of a company that holds fine craftsmanship, attention to detail and originality close to its heart. It also harks back to an era when manufacture was small and refined, long before the advent of mass production.

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Bulgari celebrates Elizabeth Taylor

(Feb 22 ‘13, Professional Jeweller)
Bulgari hosted a party at its store in Beverly Hills, Los Angeles, in celebration of the late actress Elizabeth Taylor. Some of the Bulgari jewels owned by Taylor were on display and guests were wined and dined. Notable guests included Drew Barrymore, Kirsten Dunst, Naomi Watts and Julianne Moore who wore a Bulgari emerald necklace once owned by Taylor.

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Florence Welch Debuts Jewellery Collection

(Feb 23 ‘13, Team Luxe,
FLORENCE WELCH has created a capsule jewellery collection exclusively for her Flotique webstore and inspired by her album Ceremonials, which the Florence and the Machine singer finished touring at the end of 2012.

The collection comprises earrings, bracelets and necklaces featuring geometric shapes and dangling chains, whilst a birdcage ring references the cage tattoo on the singer’s own finger.

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The Most Expensive Jewellery Worn to the Oscars

(Feb 23 ‘13, Team Luxe,
While we wait to see who wears what jewellery to the 2013 Oscars, we’ve compiled a list of some of the most beautiful jewels.

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Oscars 2013: Best Jewelry Moments

The stars shined extra bright at the 2013 Academy Awards—thanks to their sparkling accessories! From bold earrings on bare necks to the new way to wear necklaces—draped down the back, à la Anne Hathaway and Jennifer Lawrence—click through to see all our favorite Oscars jewelry moments.

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Who Wore What: Jewellery at the Oscars 2013
Anne Hathway on Oscars 2013

Anne Hathway

(Feb 25 ‘13, Karishma Rajani,
Awards come and go but carpet appearances remain. And what’s better than a diamond-studded beauty to take the perfectly constructed gown to the next level. Here’s a look at some of the jewels that made our hearts skip a beat.

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Jewelry on the 2013 Oscars Red Carpet

Chopard diamond drop earrings and necklace that flowed down her back. (Photo by Jeff Kravitz/FilmMagic)

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Adele and Sienna Miller wear Van Cleef & Arpels at Golden Globes

(Jan 14 ‘13, Kate Donovan, Retail Jeweller)
Stars who chose jewellery from French jewellery house Van Cleef & Arpels included actress Catherine Zeta Jones, British song writer Adele, who won the Best Original Song – Motion Picture for her work in Skyfall, award nominee actress Sienna Miller and actress Isla Fisher.

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Gem Pricing Report: Call It a Comeback

(Dec ‘12, JCK Magazine)
Now that the holidays have come and gone, colored gemstone dealers have turned their attention toward Tucson. Among those heading to the gem shows at the beginning of February, the consensus is that they will see modest improvements in sales this year. Many dealers also feel that, at retail, the business climate is improving, albeit gradually. The slow comeback, however, continues to restrain exploration and production.

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Harry Winston Sold to Swatch

(Jan 14 ‘13, Rob Bates, JCK Online)
The price tag was $1 billion, with Winston netting $750 million, and Swatch assuming $250 million in pro forma debt.

The Harry Winston brand comprises 21 directly operated retail salons worldwide, four licensed salons, and a wholesale line of watches.

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2013 Golden Globes red carpet jewelry: Diamonds are forever

Jessica Alba (Jason Merritt/Getty Images)

(Jan 14 ‘13, Vicki Hyman/The Star-Ledger)
Jessica Alba was one of the luckiest — and probably most well-guarded — starlets at the 2013 Golden Globes, thanks to her $5.8 million diamond necklace Mrs. Winston by Harry Winston necklace. (It more than made up for her orange feathered clutcj; so that’s what happened to the Lorax.)

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Spring/Summer 2013 Trend: Showpiece Jewellery

Picture credit: GoRunway

(Jan 7 ‘13, Lisa Niven, Vogue)
SUPER-SIZED chokers, over-the-top earrings and colossal cuffs – the spring/summer 2013 shows have put the spotlight on statement jewellery this season.

Earrings were of epic proportions at Dolce & Gabbana, Etro and Gucci, whilst necklaces were studded with jewels at Christian Dior, formed from large pearls and baubles at Chanel and finished in the boldest of colour at Versus.

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Graff Pays $8.3 Million to Own 50 Carat Diamond for Third Time

50.01 ct. rectangular-cut D-color potentially flawless diamond

(Dec 11 ‘12, JCK Staff)
The London diamond magnate purchased the top lot at Christie’s New York Dec. 10 Magnificent Jewels auction—a ring that he originally designed, featuring a 50.01 ct. rectangular-cut D-color potentially flawless diamond. He paid $8.37 million, or $167,400 per carat, said the auction house.

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6 Carat Pink Diamond Fetches $8.6 Million at Lauder Auction

Evelyn Lauder’s 6.54 ct. fancy intense pink diamond ring (photos courtesy of Sotheby's)

(Dec 6 ‘12, JCK Staff)
That exceeds its $5 million estimate, and works out to $1.3 million a carat.

Six bidders competed for the internally flawless stone, whose pink color correlated with Lauder’s work on breast cancer awareness and research, said representatives from the auction house.

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Pantone Reveals Color of the Year for 2013

Emerald green, or PANTONE 17-5641, is the PANTONE Color Institute’s Color of the New Year for 2013.

(Dec 7 ‘12, JCK Magazine)
It’s been a jewel-tone hit on the red carpet for some time, and now emerald green has officially taken hold of the fashion world given that PANTONE has dubbed it the Color of the Year for 2013.

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Baselworld 2013 Changes in Place

(Dec 12 ‘12, IDEX Online)
With the countdown to Baselworld 2013 already underway, show organizers have announced that the planned changes to the fair’s layout have been completed.

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