(Jun 24 ‘14, Hannah Connorton, National Jeweler)
New York–Three major trends were prevalent among the pieces showcased at this year’s Couture show: ear cuffs and climbers, pieces featuring openwork, and the use of Paraiba, or Paraiba-type, tourmaline both as center and accent stones.
These major trends are a combination of new (ear cuffs) and ongoing (openwork) and are dependent on global fashion trends and current market conditions, as well as the price and availability of metals and stones.
(May ‘14, Rachel Garrahan, The Jewellery Editor)
The Couture Show Las Vegas is like opening a giant treasure chest of gems. Taking place in what is known as Las Vegas’ Jewellery Week at the end of May, Couture is just one of the shows from which brands will launch their latest collections, but it is undoubtedly number one in terms of fine jewellery design.
(Jun 6, ‘14, Jennifer Heebner, JCK Online)
Notes on new collections seen during the most important week of jewelry shows in North America have been digested, and the top trending looks have made themselves apparent. The following list is based on market work completed from May 27 to June 4 at the LUXURY, JCK Las Vegas, and Couture jewelry shows. While these looks were the most prevalent, consider each according to the best fit for your store. Feel free to weigh in with your own thoughts and observations.
Hölstein, Switzerland–Swiss watch brand Oris is marking its 110th year in business by introducing its first movement produced entirely in-house in 35 years.
Named in honor of the company’s anniversary, the Calibre 110 is a hand-wound movement that features a 10-day power reserve and a patented non-linear power reserve indicator. These are two complications that have never come together before, Oris said.
New York–A selection of unique Patek Philippe watches grouped together as “The Titanium Collection” sold for a collective $7.1 million Tuesday, surpassing the pre-sale high estimate of $4.9 million.
The highlight of the collection, and the top lot of the sale overall, was Patek Philippe’s first split-seconds chronograph wristwatch, created in 1903 and completed and sold in October 1923. A Swiss museum purchased the watch for $2.9 million.
(Jun 20, ‘14, Michelle Graff, National Jeweler)
New York–Baume & Mercier unveiled its first new women’s watch collection in nearly 12 years in an event this week held at New York’s Gotham Hall.
The line, called “Promesse” (French for promise), will be available at select retailers nationwide and online at Baume-et-Mercier.com beginning in September. There are a total of 13 watches in the collection in two sizes, 30 mm and 34 mm.
(Jun 19, ‘14, Rob Bates, JCK Magazine)
A piece made with metals recycled domestically should be allowed to be advertised as “made in the USA,” according to a request to the Federal Trade Commission filed June 17 by four industry organizations and the Richline Group.
Currently, FTC rules say that if a product is advertised as “made in the USA,” it must be “all or virtually all” manufactured in the United States, says a statement from the Jewelers Vigilance Committee (JVC), one of the groups that submitted the request. That is not easy for U.S. manufacturers to comply with, the group says, since most of the metals used in manufacturing emanate from overseas, and their origin is hard to determine once refined and smelted.
A “Made in the U.S.A.” label can be a useful incentive for attracting domestic consumers to your products.
But now, it can also help you save a bundle on taxes . . . If you now how to take advantage of a little known deduction in the tax code.
(Jun 20, ‘14, Rob Bates, JCK Magazine)
Marc Hruschka, the president and CEO of Chopard USA since 2006, has left Chopard, the company confirmed.
His last day was June 11. No successor has been named at press time.
(Jun 19, ‘14, China Daily)
Chow Tai Fook Jewerlly Group Limited, one of the leading jewelers in China, is buying the Boston-based luxury diamond company Hearts On Fire for $150 million to expand its range of high-end gems in the Chinese market.
The acquisition will be funded by internal cash reserves and is the company’s first since it went public in Hong Kong in 2011. The cash-free, debt-free deal is scheduled to be completed by the end of September and will bring Hearts on Fire to locations in Shanghai and Hong Kong by March of next year.