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The Career of Steven Lagos Comes Full Circle

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Steven Lagos

Steven Lagos founded his eponymous jewelry brand 1977 in Philadelphia. The company gradually grew to become one of the best-known jewelry brands in the US, with an extremely loyal following. LAGOS specializing in sterling silver jewelry. Its products are sold in more than 300 stores, including Neiman Marcus, Bloomingdale’s, Nordstrom, Saks Fifth Avenue and independent jewelry retailers. 

In February Lagos announced that he will step down from his CEO position to focus on his roles as chairman and creative director of the company. He described the change as both a natural progression for him and the company and as a dream come true as he can now put all of his focus on designing jewelry, which is why he entered the business in the first place. 

What follows is an interview I had with Lagos as he prepares for the next stage of his career. 

Anthony DeMarco: Why make this move now?
Steven Lagos: These management changes are the result of reaching our objectives within our long term strategic plan. While the wholesale customer base has consolidated, the retail marketplace is more fragmented than ever. When I first started you just focused on the stores, it was so easy. Today the customer is shopping everywhere. To stay competitive, the business must be scalable, and that requires significant resources. We define resources as "Money, Time and People." All three are critical and must work in unison.  Today, we are on track with our plan and know exactly what we want to do. This is the perfect time for me to step aside.

AD: How long have you been planning this?
SL: It’s been part of the master plan for a while.  In big companies they say it’s best to have a new CEO every seven years. I think 37 years is a pretty long run. 

Caviar, made of textured sterling silver, is the company’s iconic jewelry design 

AD: Is this a first step toward retirement?
SL: Retire from what? I love my work and my job. It provides me a fantastic lifestyle and is really interesting. I’m a creative type. I managed the business for all this time to get exactly where I am. Design Director is my dream title.  

AD: What are your responsibilities going to be?
SL: I started the business from the creative side. To relinquish my day to day business responsibilities is a dream come true for me. While I’m proud of the creative work I‘ve been doing, I think I’ve only scratched the surface of what’s possible. There is much more to explore. Creativity and design will be my main responsibility.

AD: You are showing a lot of faith in Chris Cullen, how has he earned it?
SL: Chris joined the company seven years ago as president and was charged with transforming LAGOS into a professionally operated, world‐class brand. For 31 years, I was creating products and selling in the best channels. We developed a cult following but were never able break through and scale our success. Chris is a team builder and professional manager. He created and has executed a vision of the company that leveraged our heritage and product portfolio, while developing new systems that focused on adapting to the changing marketplace. He has definitely earned it.

AD: Are you looking at creating new designs? New materials? New price points? Last year you seemed to introduce more expensive items? 
SL: I’m 100% interested in new designs and materials. Jewelry is so dynamic and versatile. Gold was logical as it build on our existing portfolio in both materials and price points.  With any product you have to innovate to stay relevant.   We won’t be adding new categories.  We are focused on being a women’s lifestyle jewelry brand.  We want to offer our customers jewelry for every time and occasion. 

AD: Is the company itself going to update its brand image?
SL: We are not updating the brand image, but rather re-affirming what the brand stands for and what makes it successful, which is our signature Caviar design, the bold femininity we want to convey, as well as our values; strength and integrity. The campaign we launched last fall “MY LAGOS MY WAY” (pictured below) is a result of this strategy.


AD: What is one or two of your best memories and/or accomplishments at Lagos?
SL: In 37 years there have been so many it would be hard to single out one or two. I think my best memories all involve people.  Jewelry is so intimate and personal. It’s an honor to be able to create and have people purchase and cherish your work for its beauty. The magic is the personal stories attached to each piece.  

AD: How do you see your future and the future of your company?
SL: We are building a brand. We have always prided ourselves in running a balanced, well run organization.  We believe that there is a lot of opportunity in the market and want to stay focused on building our brand.

AD: When you first started what were your goals and how have they changed over the years?
SL: When I started it was so much easier to focus. The distribution was simple–some retail stores and some mail order clients. Today the customer is shopping everywhere. It’s so different and fragmented. You need to focus on a lot of different distributions, often for the same business. 

AD: Did you ever think you would have a created a brand such as Lagos? 
SL: Growing up, I always wanted to be an artist and sign and sell my work. Creating LAGOS was my way of realizing this dream. I am super proud of what we have accomplished and humbled with what is left to do. 

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Yves Piaget Discusses Fashion, Watches, Jewelry And Roses

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Piaget Mediterranean Garden earrings in 18K pink gold set with 5 pear-shaped emeralds (approx. 3.73 cts), 278 brilliant-cut diamonds (approx. 3.63 cts), 4 pear-shaped aquamarines (approx. 2.50 cts) and 2 pear-shaped green tourmalines (approx. 1.85 cts). You may recognize these earrings as the ones Scarlett Johansson wore on the Oscar's Red Carpet last month

Not everyone has a rose named after them. Yves Piaget does. He also has the surname of one of the world’s top luxury watch and jewelry brands.

Yves Piaget made a rare appearance in New York Thursday to promote the book about his family and company, Piaget, and for the New York unveiling of the Piaget’s new Mediterranean Garden high jewelry collection.

Piaget Mediterranean Garden necklace in 18K white gold set with 224 baguette-cut diamonds (approx. 44.82 cts), 45 marquise-cut diamonds (approx. 14.78 cts), 3 cushion-cut emeralds (approx. 7.66 cts), 3 cushion-cut green tourmalines (approx. 6.85 cts) and 2 marquise-cut emeralds (approx. 1.86 cts)

The 327-page coffee table book is the first definitive record of the brand in its 140-year history, in which Yves oversaw 50 of those years. He currently serves as chairman of Piaget, a brand now owned by the Richemont luxury holding company. The book was a two-year undertaking and the difficulty of putting such a book together was compounded because of the difficulty of finding early company records.

Piaget Mediterranean Garden Pinkb racelet in 18K pink gold set with 1 oval-cut black opal (approx. 14.82 cts), 8 marquise-cut blue tourmalines (approx. 2.88 cts), 6 marquise-cut emeralds (approx. 1.86 cts) and 12 brilliant-cut diamonds (approx. 0.73 ct)

The business was founded in 1874 in the village of La Côte-aux-Fées by Georges Piaget, a farmer who built pocket watches during the winter for extra money, according to Wikipedia. In 1911, Timothée Piaget, the son of Georges, took over the family firm and made the timepiece business a full-time endeavor. Its watches were built for other companies who placed their name on the timepiece. The founder’s grandsons, Gérald and Valentin Piaget, registered the Piaget brand as a trademark in 1943. Since then, the manufacture at La Côte-aux-Fées has produced its own creations and the family name became an international brand.

Piaget Mediterranean Garden brooch in 18K pink gold set with 1 cushion-cut yellow sapphire (approx. 20.61 cts), 16 marquise-cut yellow beryls (approx. 6.80 cts), 8 marquise-cut spessartites (approx. 3.84 cts), 8 marquise-cut diamonds (approx. 2.80 cts), 16 round spessartites (approx. 2.32 cts) and 16 brilliant-cut diamonds (approx. 1.97 cts)

“We had to go back to the archives that we didn’t find so easily, because my family was very, very modest, very simple, very authentic,” Yves says on the second floor of the Piaget’s New York boutique on Fifth Avenue. “Also my great-grandfather never signed one of his watches. The logo Piaget came in the late ’40s beginning of the ’50s for the first time. Up until that time they manufactured very sophisticated movements of watches of high quality but they didn’t put their name on a watch. So we had almost no archive.”

Yves had two stipulations for the book. He wanted the world to be aware that Piaget was a family name. In addition, he wanted the company’s craftspeople and mechanics to receive proper acknowledgment. Piaget currently employs more than 1,000 people worldwide, including approximately 400 artisans at its locations in La Côte-aux-Fées and Geneva, Yves says.

Piaget Mediterranean Garden ring in 18K pink gold set with 1 oval-cut bluish-green tourmaline (approx. 18.74 cts), 382 brilliant-cut diamonds (approx. 6.49 cts) and 7 pear-shaped green tourmalines (approx. 1.96 cts)

“I was so pleased by this book because it is the link between the past and the present but through human beings. I insisted on that and wanted the book to talk first about the human beings behind that brand until my generation. Piaget was the name of a family,” he says. “It means there are people behind it.”

He adds, “Behind the name of Piaget there are people and still today the most important people in the company are our workers: artisans, jewelers, watchmakers, designers, engineers … thanks to them we are able to present our watches and jewelry collections. The book illustrates very much that spirit, basically about human beings and then about the collections so the 140 years are really described by both human terms and the evolution of the collections. This is very important for me because it’s a proof a legitimacy that Piaget can show (to others) that lasted for four generations in watchmaking and jewelry.”

Piaget Mediterranean Garden necklace in 18K white gold set with 1 pear-shaped blue sapphire (approx. 21.71 cts), 357 brilliant-cut diamonds (approx. 20.86 cts) and 4 pear-shaped blue sapphires (approx. 15.23 cts)

In the late 1950s, the company began making watches known for being thin. In fact, over the years, including this year, the company has created some of the thinnest watches in the world, particularly with its Altiplano line. Yves says the thin watches were first borne out of solving a common problem with timepieces then later became a fashion statement.

Piaget Mediterranean Garden watch; 18K pink gold. Case set with 668 brilliant-cut diamonds (approx. 8.68 cts). Silvered dial. Piaget 56P quartz movement. Bracelet set with 12 pear-shaped green tourmalines (approx.9.43 cts) and 488 brilliant-cut diamonds (approx. 6.92 cts)

“In the ’40s, watches were very small and it was very difficult to see the time so we developed a larger face and larger movement and also made it thinner in able to make it more fashionable,” he says. “It really crated the fashion of that time, beginning in the early ’50s. It was very ingenious to make this movement very thin and this movement was part of our identity and became our icon.”

Despite creating all of their watches and movements in house, Yves sees Piaget as first a fashion brand.

Piaget Mediterranean Garden ring in 18K white gold set with 1 cushion-cut rubellite (approx. 25.09 cts) and 345 brilliant-cut diamonds (approx. 3.56 cts)

“Piaget was always known for having a wide collection with many designs. We created the fashion of watches and we lead the fashion of watches having the ultra-thin movements in the ’50s and ’60s, having been the first to decorate our watches in semi-precious stones lapis lazuli, opal tiger’s eye, jade,” he says. “We were the first to use the thinnest quartz electronic movement. That’s really our identity. Our marketing is also influenced by this fashion of watches and I would say that we promoted our watches in a more flashy way than our colleagues … The last 15 years we (created) a number of new thin calibers and Piaget today can say it has a great and long-live legitimacy in mechanical watches.”

Piaget Mediterranean Garden necklace in 18K white gold set with 5 cushion-cut green tourmalines (approx. 35.90 cts), 4 oval-cut green tourmalines (approx. 21.08 cts), 6 oval-cut aquamarines (approx. 24.84 cts), 1 pear-shaped aquamarine (approx. 23.12 cts), 233 brilliant-cut diamonds (approx. 17.47 cts) and 1 cushion-cut aquamarine (approx. 5.65 cts)

The company began creating jewelry in the 1960s to complement its watches. Yves led this effort saying jewelry was a natural progression for the company because it already had the skills in house to produce jewels. The company dramatically increased its jewelry business in the past 15 to 20 years. Today, he says, high jewelry and other jewelry collections now account for more than a third of total sales for the company.

“It was a natural link as we are in high-end luxury watches. All of our watches are in gold and platinum. Most of our ladies watches are set with diamonds and precious stones. So my forbearers and my generation always considered a watch not as timepiece but as a piece of jewelry,” he says. “In the 1960s we started to develop the jewelry business because our company is vertically integrated. It means a Piaget watch always had been manufactured A to Z in our workshops. We have on one side, engineers, technical watchmakers who manufactur the movements and on the other side we had the jewelers who design the watch and the cases and bracelets and all the settings. We have lapidaries, gem cutters, gem setters all under the same roof. I think it was quite natural asking our designers not to design exclusively watches but to let their imagination go and design jewelry. It’s the same world, the same work to design jewelry. Now we can say that we are watchmakers and jewelers.”

Piaget Mediterranean Garden earrings in 18K white gold set with 84 baguette-cut diamonds (approx. 8.20 cts), 26 marquise-cut diamonds (approx. 5.55 cts), 2 marquise-cut emeralds (approx. 1.45 cts), 2 cushion-cut green tourmalines (approx. 2.83 cts), 2 cushion-cut emeralds (approx. 2.62 cts), 1 round green tourmaline (approx. 0.26 ct) and 1 round emerald (approx. 0.22 ct).

The Mediterranean Garden high jewelry collection is very much in the Piaget tradition focusing on watches and jewelry in roses and petals done in gold and platinum and set with a mix of diamonds and colored gems.

Yves says the collection is meant to replicate the carefree, casual lifestyle of the sun-drenched Mediterranean beaches.

Piaget Mediterranean Garden ring in 18K white gold set with 1 pear-shaped blue sapphire (approx. 8.48 cts) and 116 brilliant-cut diamonds (approx. 2.96 cts)

“Mediterranean Garden is a lifestyle,” he says. “It expresses joy and sunshine. It’s another spirit we can really express compared to the spirit of our (Swiss) mountains where we are more strict and discreet because of our nature. It expresses joy, pleasure, style and luck.”

The fact that the jewelry collection interprets roses, as many of the company’s collections do, is no coincidence. The namesake of Piaget also has an award winning rose named after him: Yves Piaget Rose. Yves has had a lifelong passion for roses and has been long-time advocate for the flowers.

Piaget Mediterranean Garden necklace in 18K white gold set with 19 fancy-shaped green tourmalines (approx. 23.44 cts), 89 brilliant-cut diamonds (approx. 9.62 cts), 10 pear-shaped diamonds (approx. 3.04 cts) and 9 round Paraiba tourmalines (approx. 0.92 ct)

“Yves Piaget rose was dedicated to me personally in 1982 because I have done for roses and for the rose world and because I am very close to the rose breeders and chaired a lot of international rose competitions,” he says. “In the Geneva competition the breeder of this particular rose spontaneously decided to name it Yves Piaget. It was a very emotional moment for me.”

While the company did venture into jewelry, Yves says it will never place its brand on other products and accessories it does not make. Even the Yves Piaget Rose will never become a perfume.

Piaget Mediterranean Garden earrings in 18K white gold set with 2 pear-shaped emeralds (approx. 8.56 cts), 2 cushion-cut emeralds (approx. 5.69 cts) and 150 brilliant-cut diamonds (approx. 1.37 cts).

“We have this expertise and this legitimacy of 140 years in watchmaking and nothing else. Piaget never will produce luggage or handbags or fragrances. We do what we know how to do,” he says. “Even with Piaget rose. I never had the idea to use the Piaget rose to make a fragrance out of it…. I think it’s another field.”

Rhodolite Garnet: The Journey from Kenya to the Workshop, Via a New Zealand Winemaker

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Behind this beautifully balanced natural color rhodolite garnet lies an intriguing story. 

By Chris Benham, co-founder and director of Inspired Jewellery Ltd.

The Umba river flows through the north-eastern mountain ranges of Tanzania and across Kenya, before meeting the Indian Ocean. This area is renowned for some of the world’s richest deposits of colored gemstones. It was in the Umba riverbed that this rhodolite garnet stone was found and purchased in its rough form by Neil McCallum, gemstone enthusiast, trader and cutter.

Neil has been described as “an incredibly clever man, a scientist (with a PHD from Oxford) and a perfectionist.” Well known as a pioneer in the wine industry for establishing the Dry River Vineyard, he is regarded as one of New Zealand’s greatest winemakers. Neil recently sold Dry River to American billionaire businessman Julian Robertson, so that he could pursue his other passion: gemstones. 


Upon Neil’s travels around the world in search of coveted gemstones, he came across this rhodolite garnet in Kenya, which he then brought back to New Zealand for cutting. It has been described by an industry expert quite simply as “without a doubt the finest rhodolite garnet you’ll ever see in your life.” Rhodolite garnets are red or purple in color and lighter in tone than typical garnet stones. The beauty of this 100% natural stone is that you will not find a finer color. Its balance is exceptional. You can turn the stone in any direction and the saturation remains absolutely even. 

The way the stone catches the light, showing off its fire and internal brilliance is quite mesmerizing. The next challenge is creating a design that does a gem such as this justice. 


The goal with designing this ring was to maintain its simplicity. The open four-claw setting surrounds the stone in a way that allows the viewer to appreciate the garnet in its entirety. The boldness of the stone is subtly and intentionally transitioned into the yellow gold band using two D color, VVS clarity heart shaped diamonds. The reason the heart shaped diamonds were used is that they take the big bold shape of the garnet and transition the eye nicely into the band. The claws have been set in the crest of the heart to give the visual appearance of a wider pear shaped diamond.

Jewelry News Network guest columnist, Chris Benham, is co-founder and director of Inspired Jewellery Ltd., Wellington, New Zealand, a global creative studio for specialist jewelry design. 

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A Very Busy Baselworld 2015 Press Conference And Mourning An Untimely Death

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Baselworld 2015 opening day press conference. Photo credit: Anthony DeMarco

Baselworld 2015 is set to officially begin Thursday but Wednesday was the opening press conference for the world’s largest watch and jewelry show, where a number of changes were discussed.

Sylvie Ritter, Baselworld managing director, described the past year as “a very busy time where we’ve seen some fundamental changes” that included the unpegging of the Swiss franc to the euro, the crisis in Russia and Ukraine, the decline of growth in China, and Smart watches.
Growth in the industry in 2014 was modest. François Thiébaud, president of the Baselworld Swiss Exhibitors Committee, said that Swiss watch exports increased 1.9% year-over-year to nearly $22.2 billion.

The show continues its transformation to a pure luxury event, which caused a number of exhibitors to drop out during the past two years because of a steep increase for exhibit space and demands that they spend even more for larger and more elaborate booths. This resulted in the opening of two other trade fairs last year to accommodate these exhibitors. The largest of the two is Jewellery & Gem Fair – Europe, March 22 – 25 at Messe Freiburg, Germany, will have approximately 400 exhibitors representing all facets of the jewelry industry. The other is The Diamond Show, March 19 – 23 in Basel, which as the name suggests, is dedicated to diamond industry exhibitors.

Two years ago the fair unveiled a new design for the massive exhibition space. Many watch exhibitors in Hall 1.0, the prime real estate at the fair, were booted upstairs to Hall 1.1 to make way for brands owned by luxury conglomerates (Swatch Group, LVMH and Kering) and the few large independent brands able to afford to exhibit there (such as Patek Philippe, Rolex and Chopard). This year many jewelry exhibitors who were exhibiting at Hall 1.1 have moved to Hall 2 in the adjacent building.

The move to pure luxury seems to have worked for the show. There may have been fewer exhibitors last year but visitor numbers grew. And there are still plenty of exhibitors. In fact, the show even attracted a few luxury brands who haven’t exhibited in the past, like Graff Diamonds who exhibited for the first time last year.

Smart watches was a major focus of the press conference where two of the three speakers said they view the new timepieces as something that can co-exist with the traditional Swiss watch industry. No one viewed it as a threat.

“Smart watches have been around for years,” Ritter said. “Lots have already been written about them but it will have no effect on traditional watchmaking.”

A comparison to the introduction of Japanese quartz movements in the 1970s and ’80s, which was a major crises at the time to the watch industry, were brushed aside by the speakers.
“The watch crises of the 1980s was totally different,” said François Thiébaud, president of the Baselworld Swiss Exhibitors Committee.

The speakers said that they view smart watches as different markets with appeal that can coexist.
“I am convinced it is a different world,” Ritter said. “These two worlds are complimentary rather than antagonistic.”

Another topic at the press conference was the sudden removal in January of the 1.20 Swiss franc currency cap to the Euro. The Swiss National bank placed the currency peg three years so stabilize prices of exports in Europe. The removal in January by the Swiss National Bank caused the Swiss currency to rise against the Euro and other world currencies, increasing Swiss exports.

Thiébaud, said the currency change so far hasn’t impacted the market. Since January, Swiss exports have increased by 3.7% to $1.6 billion.

The press conference began with the announcement that Jacques J. Duchêne, former president of the Baselworld Exhibitors, died Tuesday (yesterday). It would have been his 60th appearance at the show, which dates back to 1917. He is normally on stage with the other speakers. The cause of death wasn’t revealed but it appears to have been unexpected as the other speakers appeared visibly shaken. There was a moment of silence for him.

“He was a man with a vision and his heart was in the right place,” said René Kamm, CEO of MCH Group, which operates the Basel exhibition center (Messe Basel).

“He knew about the real value of time and he always said to make the most of it,” added Thiébaud.

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Graff Unveils A ‘Fascinating’ $40 Million Interchangeable Jewelry Watch At Baselworld 2015

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The Fascination

Last year for its inaugural Baselworld Graff Diamonds unveiled the $55 million “Hallucination” watch made of 110 carats of fancy colored diamonds.

It certainly was tough opening act to follow but the London-based luxury jeweler came close with “The Fascination,” a "transformable" watch covered in 153 carats of white diamonds (okay 152.96 carats). For those who may have found the Hallucination a little too pricey, this new watch is valued at a mere $40 million.

With the savings comes a bit of a twist. The pear shaped watch dial on the center of the diamond covered bracelet is removable and can be replaced with a 38.13 carat D Flawless pear shaped diamond, cut and polished by Graff. When the center diamond isn’t in use on the bracelet it is placed on a shank of a ring. So a woman can wear a pure diamond bracelet, wear an opulent diamond covered watch with a matching ring, or wear either piece by itself.

The company is calling it “The world’s most valuable transformable timepiece.” Compared to the Hallucination, one might also call it a value.

“The Fascination is an outstanding piece, carefully crafted so it can be worn in a number of different ways--adding a touch of magic to the jewel,” said Laurence Graff, founder and chairman of Graff Diamonds.

The Fascination is being exhibited at Graff’s Baselworld exhibition space, Hall 1.1, Stand D51.

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Buccellati Patriarch, Gianmaria Buccellati, Dies At Age 86

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Gianmaria Buccellati

The man most credited for turning a family owned jewelry business into the international luxury brand, Buccellati, has died, according to family members and reports.

Gianmaria Buccellati died Saturday at the age of 86, according to a report in the Italian publication, Arts Life.

The Buccellati family confirmed the death in a brief announcement—written by Andrea Buccellati, one of Gianmaria’s three children and Buccellati president and creative director—sent from the brand’s US office Monday via e-mail. It reads as follows:

“With my deepest sorrow and together with my brother and sister and their families, and my father’s wife Rosie, I would like to inform you that Gianmaria – Honorary President of the Group – passed away last night.

“We want to remember him with affection for his great entrepreneurial spirit and the creative genius that made him famous in the whole world.”

Buccellati’s roots go back to 1919 when Mario Buccellati (Gianmaria’s father) opened a store on Largo Santa Margherita in Milan, Italy. However, it was Gianmaria’s vision that brought the company to international fame, opening stores in Paris on Place Vendome, London, Moscow, Tokyo, Osaka, Nagoya, Hong Kong, Milan via Monte Napoleone, Costa Smeralda, Capri, Elba, Beverly Hills in Rodeo Drive, Aspen and Sydney. The company already had a New York boutique founded by his father.

In a 2012 interview in Elite Traveler Gianmaria explained the international growth:

“After my father’s death in 1965, my three brothers and I founded MABUTI S.r.l to carry on the family tradition but as the brand grew two of our brothers chose to stay in Italy to pursue less hectic lifestyles. Eventually my brother Luca and I broke off to pursue our worldwide vision, creating Buccellati in the process.”

Gianmaria also served as creative director of the brand, which he officially relinquished to Andrea last year. It is tradition that a family member creates all of Buccellati’s designs.

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Online High Fashion Retailers Net-A-Porter And Yoox To Merge

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Net-A-Porter website

Richemont said Tuesday that it has entered into a binding, conditional agreement to merge the operations of its subsidiary, The Net-A-Porter Group, with Yoox S.p.A. in an all-share transaction.

The agreement is conditional upon the approval of Yoox shareholders at a meeting expected to be held in June. Upon completion of the transaction, the combined entity will be renamed “Yoox Net-A-Porter Group.” It will be incorporated in Italy and listed on the Milan stock exchange. Natalie Massenet, founder and executive chairman of The Net-A-Porter Group, will serve as executive chairman and Federico Marchetti, founder and CEO of Yoox Group, will be CEO of the combined entity.

The combined company is reportedly expected to be valued at more than $2.5 billion.

Richemont said Monday in a statement that it will receive 50 percent of the share capital of the combined company. Its voting rights will be limited to 25 percent. Richemont said it is committed to a lock-up period of three years in respect of shares equivalent to 25 percent of the total share capital of the combined entity. Upon completion, Richemont will appoint two representatives to the combined company board of directors that will have a minimum of 12 members. 

The combined company is expected to have a capitalization of up to 200 million euro ($214.4 million) to fund growth, Richemont said.


Richemont was a minority shareholder of Net-A-Porter in its infancy and became a controlling shareholder in 2010.

“We are proud of Net-A-Porter’s achievements under the leadership of Natalie Massenet, ably assisted by a wonderful team of professionals,” Johann Rupert, Richemont chairman, said in a statement. “Established business models are being increasingly disrupted by the technological giants. It is with this in mind that we believe it is important to increase leadership and size to protect the uniqueness of the luxury industry. The merger of the two leaders will further enhance an independent, neutral platform for a sophisticated clientele looking for luxury brands.”

Yoox is a multi-brand online fashion store launched in 2000 with operations in China, Europe, the U.S. China and Hong Kong. It is listed on the Milan stock exchange. It specializes in selling off-season luxury goods online in its own stores, as well as trendier brands on thecorner.com, and operates the online stores for more than 30 other luxury brands.

In 2012, Yoox partnered with luxury and fashion holding group, Kering, a rival of Richemont, managing the online stores of several luxury brands owned by Kering, including Saint Laurent, Bottega Veneta and Stella McCartney. 

Net-a-Porter has offices in London, New York, Hong Kong and Shanghai. Net-a-Porter’s website sells clothing, jewelry, shoes and other accessories from a variety of top designers and labels, including Alexander McQueen, Dolce & Gabbana and Valentino. It also publishes the magazine Porter, which allows readers to buy featured items.

The transaction, expected to be completed in September 2015, will generate a one-off, non-cash, accounting gain in of approximately 317 million euro for Richemont. 

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Fabergé Pearl Egg May Mark The Return Of An Easter Tradition

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Fabergé will always be known for its 50 bejeweled imperial Easter eggs created from approximately 1885 to 1917 by Peter Carl Fabergé for the Russian tsars Alexander III and Nicholas II. They were given as Easter gifts for their wives and mothers.

This year the luxury jewelry house drew from this tradition by unveiling the first bejeweled egg during Baselworld 2015 created in the same style as the priceless eggs exhibited nearly a century ago. 


The Fabergé Pearl Egg draws its inspiration from the formation of a pearl within an oyster. The bejeweled egg is created with precious and rare materials and hand-crafted in the same manner as the original Fabergé imperial eggs. 

The objet d’art has approximately 3,300 diamonds, 139 natural pearls, carved rock crystal and mother-of-pearl set on white and yellow gold. The egg opens to reveal what the luxury jeweler describes as a rare 12.17-carat grey pearl from the Arabian Gulf. It took approximately 18 months to design, acquire the precious materials and build the egg with 20 high-skilled craftspersons.


The company also revealed a buyer: Hussain Al-Fardan, chairman of the Alfardan Group, founding director of Investcorp. He is a renowned natural pearl collector who paid an undisclosed seven-figure price for the object. 

There are few tsars left in the world but as the company already proved there is a demand for modern versions of these precious eggs. So maybe an Easter tradition will be revised.

Photo credit: Anthony DeMarco

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The Best of The Best Jewelry At Baselworld 2015

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Fabergé Secret Garden necklace

Baselworld is known as a watch show but it is also one of the best places in the world to see the newest and best in jewelry from around the world, particularly at the luxury end. 

Among the brands that really made an impression this year was Fabergé. Not only with its first Imperial style jeweled egg in nearly a century. I already featured its Pearl Egg but the company exhibited several high jewelry collections reminiscent of the Fabergé of old, including a candy-colored collection of jewels called “Secret Garden (top photo).” Natalia Shugaeva, Fabergé’s head designer, said she wanted to create a collection of jewels that are opulent and refined. She succeeded.


From friends to those who actually work for the brand the word most used to describe the work of Fawaz Gruosi and his high jewelry brand, De Grisogono, is “crazy.” It is meant in the best possible sense. His singular creative designs have won the brand fame throughout the world and this year at Baselworld there were several ultra-imaginative masterpieces on displays. It’s almost become typical to expect the wonderfully unexpected from De Grisogono. Yhe De Grisogono High Jewelry necklace picture is a perfect example in 18k white and rose gold, 12 briolette-cut emeralds, 19 round-cut rubies (approximately 12.66 cts.), 29 marquise-cut white diamonds (approximately 11.01 cts.), 1,366 emeralds (approx. 60.20 ct s ) and 2603 white diamonds (approximately 137.54 cts.).


Chopard unveiled its High Jewelry Collection at Baselworld and even among the selection of jewelry destined for Red Carpet events one piece stood out. An ocean blue ring featuring a 41.57-carat oval shaped paraíba tourmaline from Mozambique and 8.8-carats of diamonds set in a lace-work of 18k white gold.


Georg Jensen and its managing director of jewelry, Meeling Wong, created several collections of refined jewelry that reinterpret the traditional designs of the famed silversmith brand. Among the items that stood out was a collection of pieces in collaboration with colored gemstone mining company, Gemfields.


Graff Diamonds also provided an exceptional jewelry not only in terms of size but in nuanced ways, showcasing several pieces that can be worn in a variety of ways or with clever use of material. The latter could be seen in the diamond tassel necklace pictured above.


Antonini, introduced a number of new collections with what it calls “natural” white gold, which is more like white mixed with a grey or yellow tint. It is used in a matte finished. Meanwhile more traditional rhodium-finished white and black gold is creatively used as a background for rough-textured pavé settings.


Pasquale Bruni introduced a number of colorful items led by Fiori in Fiore (Flowers in Bloom), featuring diamonds mixed with pink sapphires and morganite. 


Roberto Coin made a statement with its steely-eyed Falco (hawk or falcon, take your pick) ring and bracelet.  


Brumani was again as always a great designer of multi-colored stones that reflect the vibrancy of its home country Brazil and this year was no different as with these pastel colored earrings show. 



Like few other brands, Sutra brought color to the party with exceptional gemstones and creative designs as with these turquoise, diamond and gold earrings. 


More color was provided by Yoko London through its pearl-centric designs. 


Spanish brand Carrera y Carrera celebrated its 140th year anniversary with a collection of delicate, hand-made gold pieces. 

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Application Deadline for JNA Awards in 2 Weeks

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The JNA Awards is calling for qualified organizations and individuals to take part in this highly-regarded awards program in the jewelry and gemstone trade. Organized by JNA (Jewellery News Asia), this annual awards event honors and recognizes companies and industry players from around the world for unique innovation, outstanding achievements and a commitment to best business practices, with a focus on their contribution in Asia.

The deadline for applications is midnight (Hong Kong time) on April 30.

The JNA Awards offers a chance to do the following:

• Raise your profile through the awards public relations and communication campaigns
• Gain excellent recognition as an industry leader and innovator in your field
• Celebrate and acknowledge your team’s efforts, commitment and excellence
• Be part of the leadership group to uphold excellence and promote best practices
• Impress partners, clients and investors by through the recognition 

The JNA Awards Ceremony and Gala Dinner will be held on September 20 during the September Hong Kong Jewellery & Gem Fair 2015.

The awards categories are as follows:

1. Lifetime Achievement Award (nominated by the organizer)
2. 3 Decades of Excellence
3. Brand of the Year – Retail
4. Employer of the Year
5. Industry Innovation of the Year
6. Manufacturer of the Year – Colored Gemstone Cutting & Polishing
7. Manufacturer of the Year – Diamond Cutting & Polishing
8. Manufacturer of the Year – Gem-Set Jewelry
9. Manufacturer of the Year – Precious Metals-Only Jewelry
10. Outstanding Enterprise of the Year – ASEAN Countries
11. Outstanding Enterprise of the Year – India
12. Outstanding Enterprise of the Year – Mainland China
13. Retailer of the Year (450 outlets and below)
14. E-tailer of the Year
15. Sustainability Initiative of the Year
16. Young Entrepreneur of the Year (Age 40 and below)

Entries will be judged in mid-May till June. Finalists will be named June 25 and the winners will be announced September 20 at the Awards Ceremony & Gala Dinner

For more information, visit www.JNAawards.com.

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Change Brings Opportunity For US Jewelers At Baselworld 2015

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Photo credit: Courtesy of Baselworld

By Lisa Nikfarjam of Lisa Nik, Inc.

Attendance was undeniably down this year at Baselworld. But what does this really mean? The buying habits of US retailers have become increasingly focused on commercialized and internationally advertised brands. Perhaps this is because these brands are also becoming increasingly demanding for in store space, purchase dollars, and marketing placement in order to maintain market share. Will this create an overly homogenized jewelry selection for consumers across the country? 

Many jewelers would argue that this industry dynamic is an opportunity to grow by further differentiating and focusing on newer and less commercialized brands. Several buyers that we spoke with at Baselworld stated that they need something different that everyone cannot find down the street at every department store and competing jewelry store. Niche designers have a tremendous opportunity to position themselves among the boutique and specialty retail stores that specifically target items that rebel the mainstream.  

For designers, the colored stone section offered better than usual deals this year, specifically because of the strength of the US dollar against the Euro. It was literally like shopping with a 20 to 30 percent discount compared to the previous few years. Colored stone prices in general are higher than in years past and buyers may consider this adjustment to price as balanced due to the exchange rates. Overall, the incentive to buy from European suppliers was present within the competitive landscape.  

Many European designers and manufacturers commented on the lighter international traffic with all eyes gazing upon the US buyers that were present. Although the strengthened dollar certainly stimulated US purchasing at the show this year, several retailers commented on the concern over experiencing a drop in existing inventory values because of the changed prices. Imagine owning $1 million of commoditized inventory that is suddenly worth 20 percent less because of a price change. This may not lead to a desire to purchase more just because of the drop in price.  

We can only hope that the continued strength of sales in the sector will allow these retailers to sell through their existing stock levels so they can purchase more and benefit from the price reductions and the preferred Euro and Swiss Franc exchange rates against the US dollar.

Lisa Nikfarjam was at Baselworld in search of gems and stories. She is founder of the jewelry design firm, Lisa Nik,  a company that combines colored gemstones, diamonds, and artful elements to create fashionable jewelry that women around the world can enjoy on any occasion.

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Shenzhen Jewelry Fair To Open April 20

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The 13th edition of the China International Gold, Jewellery & Gem Fair – Shenzhen, the jewelry trade event for Southern China, will be held April 20 to 22 at the Shenzhen Convention & Exhibition Center. 

The Shenzhen Fair, which occupies 22,000 square meters of exhibition space, brings together more than 380 exhibitors from 12 countries and regions, including Germany, mainland China, Dubai, Thailand, the United States, as well as Hong Kong and Taiwan. They will display jewelry, raw materials, and tools and equipment.

The Shenzhen Fair is timed for jewelers needing to replenish stock after a number of festivals and holidays. The dates for the fair over the past few years have been dependent on the Chinese New Year dates. But beginning this year, fair organizer UBM Asia will hold the event every April to enable buyers and exhibitors to plan in advance.


Participating jewelry companies include CHQ GmbH Fancy Gem House, KGE Rough & Gems HK Co Ltd, S. T. Trading STS Gems Ltd, Sunny Gem Co, Fai Dee Gems Co Ltd, Zhejiang Angeperle Co Ltd, Fai Po Group, Shanghai Kimberlite Diamond Co Ltd, Colorful Gems Ltd Divine Star (HK) Ltd, Rio Pearl, Shenzhen Himens Jewellery & Gold Co Ltd, and Vetorisn Jewellery Co Ltd.

As part of the Shenzhen Fair, Jewellery News Asia, the largest jewelry trade magazine in Asia, is presenting its second annual China Jewellery Market Summit, April 21 at 2:30 p.m. with its magazine. The Summit is divided into two main parts: 2015 New Products Launch - Jewellery Parade, and a dialogue with China jewelry brands and retailers.

This year, the Shenzhen Fair presents specialized pavilions to global buyers, including the China Gold Association Pavilion, the Baolin Pavilion, the Korea Pavilion and the Designer Pavilion.

The fair is open to jewelry trade buyers and the public.

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Jacqueline Kennedy Onassis Ruby Jewels Among Highlights of Christie’s Geneva Auction

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Van Cleef & Arpels ruby and diamond ear pendants and a matching ring from the property of Jacqueline Kennedy Onassis will be one of the signature items at Christie’s Geneva Magnificent Jewels sale on May 13. 


The jewels were presented as a wedding gift by Aristotle Onassis in 1968. Its estimate is $250,000 – $350,000.


A piece with even more historical significance and a higher price tag is the Maria Christina Royal Devant-de-Corsage brooch. Another item that was presented as a wedding gift in November 1879 from King Alfonso XII of Spain to his wife, the Archduchess Maria Christina of Austria, soon to be Queen Consort and then Queen Regent of Spain. The brooch, currently in the collection of Baroness Thyssen-Bornemizsa, is expected to fetch $1.5 to $2 million, according to the auction house.

Maria Christina wearing the Royal Devant-de-Corsage brooch

While these two items have historical significance, they are by no means the most expensive of the auction of 351 jewels and gems that is expected to achieve more than $80 million.


The sale includes a number of statement diamonds and gems led by a 55.52-carat pear shaped D-color, Flawless diamond that has an estimate of $8.5 million to $10.5 million (pictured above); a 5.18-carat rectangular-cut Fancy Vivid Pink diamond (estimate $9.5 million – $12.5 million) (pictured below); and a 21.75-carat Ashoka-cut D-color Flawless diamond ring (estimate: $2.8 million – $3.5 million).


Gemstone highlights include “The Pride of Burma,” a 6.25-carat cushion shaped Burmese ruby and diamond ring (estimate: $1.8 million – $2.5 million), a pair of antique emerald Indian bangles (estimate: $1.5 million – $2 million) (both pictured below), and a 35.09-carat, cushion shaped Kashmir sapphire (estimate: $3 million to $4.2 million).




Another highlight includes a large single-strand natural saltwater pearl necklace with an estimate of $2.5 million to $3.5 million (pictured below).


Among signature jewels is an early example of JAR’s work: a pair of tourmaline and agate camellia brooches, circa 1985 with an estimate of $140,000 – $170,000 (pictured below).


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Sultan of Brunei’s Son Is Married in Gold, Diamond and Emerald Splendor, Video and Pictures

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Photo credit: The Brunei Times

The Sultan of Brunei, Hassanal Bolkiah, one of the wealthiest men in the world, showed off his abundance in an extravagant wedding for his youngest child, Prince Abdul Malik, held Sunday in the throne room of the Monarch’s 1,788-room palace. It was the highlight of a 10-day wedding celebration that ended April 15. 

The 31-year-old prince and his new wife, Dayangku Raabi'atul 'Adawiyyah Pengiran Haji Bolkiah, were officially presented to dignitaries around the world in gold, diamond and emerald splendor. 

Photo credit: The Brunei Times

According to the Daily Mail and other media outlets, the couple wore matching outfits made of gold. The outfit of the 22-year-old bride, reportedly a former data systems analyst, was studded with diamonds and large emeralds. She wore a sparkling diamond tiara embedded with six large pear-shaped emeralds along with a large diamond necklace with at least 15 emeralds of various sizes and what appears to be a diamond and emerald bracelet on each wrist and at least one diamond emerald ring. 

Her bouquet, instead of flowers, was made of gems and precious metals in the shape of flowers. She reportedly wore Christian Louboutin shoes encrusted with Swarovski crystals and finished with a gold ankle bracelet.

Her translucent veil was topped with a second diamond tiara, set with rubies and a scarlet gem in the center. She also reportedly had a second diamond rope-like necklace. 



This doesn’t count the gold and diamond embellishments worn by the prince nor the gold in the throne room where the couple were officially married. 

For the banquet following the wedding service, the bride wore a beaded purple gown and a diamond necklace and crown set with rubies.

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5-Carat Pink Diamond Fetches $5.7 Million, Natural Pearl Necklace Sets World Auction Record

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A 5.29-carat purplish pink diamond sold for more than $5.7 million at Christie’s New York Magnificent Jewels sale Tuesday. The fancy intense gem was the top lot sold at the auction, surpassing its $5 million high estimate and fetching just under $1.1 million per carat.

Natural pearls were also in high demand Tuesday. The second-highest lot of the sale was a four-strand natural colored pearl necklace that sold for nearly $5.1 million, setting a world auction record for a natural colored pearl necklace. 




The necklace comprises four strands of 81, 76, 69 and 63 natural gray and brown pearls, measuring approximately 12.65 to 4.90 mm. The Swiss Gemmological Institute report confirms the authenticity of these saltwater natural pearls that, according to the report, have no indication of artificial color modification.

In addition, a single-strand natural pearl necklace was also among the top 10 lots. Designed as a graduated strand of 46 natural pearls, measuring 6.95 to 11.90 mm, they are joined by a marquise-cut diamond clasp, mounted in platinum, it sold for just over $1 million.

Rahul Kadakia, International head of Christie’s Jewelry, noted that colored diamonds and the jewelry creations of JAR also performed well with “spirited bidding.”


Graff Diamonds had two of its pieces sell among the top 10 lots. A pear-shaped D-color potentially internally flawless diamond pendant of 25.49 carats, was the third highest lot of the sale, fetching more than $3.4 million ($134,000 per carat) (pictured dangling from a diamond necklace); and a cushion-cut D-color potentially internally flawless diamond of 11.03 carats sold for more than $1.3 million ($120,000 per carat).


Whether diamonds or gems, color remains extremely popular on the auction market. Among the top sellers of the auction were a 5.04-carat circular-cut fancy gray-blue diamond that sold for nearly $2.3 million (pictured above); and a 9.40-carat cushion-shaped Burmese ruby that sold for more than $2.1 million, more than double its $1 million high estimate (pictured below).


JAR jewelry continues to command high prices. A pair of emerald, diamond and colored diamond ear clips sold for $845,000, smashing its $350,000 high estimate (below). It was the ninth highest selling lot of the auction.


Christie’s Magnificent Jewels sale totaled more than $41.9 million, with 77 percent sold by lot and 77 percent sold by value.

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Astronaut Alan Bean’s Omega Speedmaster At Bonhams Space Sale

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Alan Bean’s 18k gold Speedmaster Professional Apollo XI chronograph

There are several interesting items at Bonhams Space History Sale on Tuesday but for Omega watch collectors the highlight will no doubt be astronaut Alan Bean’s 18k gold Speedmaster Professional Apollo XI chronograph.

It is number 26 of 30 numbered watches that were given to President Richard Nixon, Vice President Spiro Agnew and 28 Apollo Astronauts, Bonhams said. Its estimate is $40,000 - $60,000. 

If you’re unable to make Bonhams auction in New York Tuesday you can see the two watches that were presented to Nixon and Agnew at the Omega New York boutique till the end of April.

The back of Bean’s watch up for auction is engraved with the words: “Astronaut Alan Bean—to mark man's conquest of space with time, through time, on time. Skylab Mission II [III] Apollo 12.” Bean was the fourth of 12 men to walk on the moon. He served alongside Commander Pete Conrad as the lunar module pilot for Apollo 12, the second mission to put a man on the moon. 

The Omega Speedmaster Apollo XI model was created in the fall of 1969 to commemorate Apollo 11’s successful moon landing on July 20 of the same year. It was presented at a gala dinner in Houston on November 25. 

Cassandra Hatton, Bonhams director of History of Science & Technology, explains that Bean did not attend the event because he was still under quarantine following the successful landing of the Apollo 12 mission on November 20. It was given to him at a later date.

Bonhams Space History Sale coincides with the 50th anniversary of the first American spacewalk, accomplished on the Gemini 4 mission by astronauts James McDivitt and Ed White. In addition to the Omega watch, the auction will present other items belonging to Bean, including the strap from his portable life support system soiled with moon dust, an uneaten meal that accompanied the mission and which Bean kept as a souvenir, and the water dispenser he used to re-hydrate his food.

Around the corner from Bonham’s Madison Avenue auction house, Omega’s 5th Avenue boutique is showing an exhibition of its historical watches that includes the timepieces numbered 1 and 2, presented to Nixon and Agnew. The reason they are in the possession of Omega is because the two US leaders declined to accept the gifts, Petros Protopapas, Omega Museum manager explains. That’s because the two felt it wasn’t appropriate for men in their positions to accept the watches. 

The back of the watch for Nixon and the front of the watch for Agnew.

The two timepieces are part of an exhibition of more than 50 historical Omega watches, along with advertisements and other artifacts on the second floor of watch brand’s New York boutique. All of the items are from the Omega Museum in Biel, Switzerland. The exhibition is open to the public for the remainder of the month. It will then travel to Omega boutiques in Miami, Atlanta, Chicago, Houston and Dallas.

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Modern Day ‘Fabergé Egg’ Containing Lunar Bible Fragment Goes On Sale At Bonhams

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Photo credit: Anthony DeMarco

I went to the preview of Bonhams Space History Sale to view an Omega timepiece and discovered something else that was interesting and unusual. 

It is being a called a Fabergé Egg but it bears no resemblance to the 50 bejeweled Imperial Easter eggs created from approximately 1885 to 1917 by Peter Carl Fabergé for the Russian tsars Alexander III and Nicholas II. 

Cassandra Hatton, Bonhams director of History of Science & Technology, explains that the egg was made by a company that owned the Fabergé name at the time. 

Photo credit: Anthony DeMarco

From as early as 1937 until 2007, the Fabergé brand was bought and sold and under disputed ownership by several entities, including the Fabergé family. From 1964 till 1984 the company was known as Faberge Inc., owned by George Barrie. This is the most likely source of the modern egg.

So it isn't a Fabergé Egg. It is a jeweled egg made by Fabergé.

What’s encased in the silver and gilt metal 3.5 x 1.5 inch egg is what the auction house is selling: A microfiche version of a 50-page fragment from the King James Bible, taken to the moon as part of the Apollo 14 mission. 

It was a part of 100 complete copies of the Bible in microfiche that were taken on the nine-day lunar mission that launched January 31, 1971. However, for some reason only 32 fragments have been officially flight-certified to date, making this “an extremely rare and important religious artifact,” according to the auction house.

Photo credit: Anthony DeMarco

How this particular 50-page fragment became encased in what is being called a Fabergé egg is unclear. 

This Faberge Inc. modern egg is decorated in gilt bows and swags with three agate cabochons embedded in the base, topped with an amethyst, according to the auction house. The base is felt lined and stenciled with the name “Fabergé” in gilt. The egg opens to display the microfiche Bible fragment in a transparent plastic square on a white pearl background. It is housed in a velvet box with the Fabergé name and with a brass plaque reading, “Apollo 14 Lunar Surface Bible Text Fragment – 50 Pages,” with a provenance letter signed by Apollo 14 astronaut Edgar Mitchell and James W. Stout.

Photo credit: Anthony DeMarco

Mitchell was entrusted with taking the bibles to the moon on the Lunar Module. Rev. Stout founded the Apollo Prayer League in1967 with the goal of landing the first Bibles on the Moon. 

He succeeded. 

The Bonhams Space History sale is being held Tuesday. The estimate for the Bible and jeweled container is $10,000 - $15,000.

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100-Carat Diamond Sells For $22 Million At Sotheby’s

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Sotheby’s called it the “perfect’ and “ultimate” diamond and “unlike any other before.” Now it can be called the $22 million diamond.

The 100.20-carat, D-Color, Internally Flawless, emerald-cut diamond was easily the top lot Tuesday at Sotheby’s New York Magnificent Jewels sale.

The Type IIa gem joins a group of only five other diamonds of more than 100 carats with similar attributes that have been sold at auction worldwide, the auction house said. The gem is further distinguished by its emerald cut, making it the largest perfect diamond with a classic emerald-cut ever to be offered at auction.

The gem came from a rough that weighed more than 200 carats and was mined by De Beers in southern Africa. It took more than a year to craft the diamond from the rough.


Gary Schuler, head of Sotheby’s Jewelry Department in New York, compared the diamond to “a pool of icy water.”

The sale price (which includes buyer’s premium) was within its estimate and amounts to $220,459 per carat. The buyer was not named.

The auction totaled nearly $65.1 million in which 79.9 percent was sold by lot and 84.4 percent by value. The other best-selling lots were dominated by colored diamonds and gems, particularly Kashmir sapphires. Cartier pieces were also in high demand.

The other top lots from the Magnificent Jewels sale are as follows:

* A 22.30-carat Internally Flawless oval diamond ring sold for $3.25 million ($145,740 per carat).

* The 35.02-carat Flagler Emerald, described as an important emerald-cut classic Colombian emerald and diamond pendant, sold for $2.77 million ($79,098 per carat)—well above its high estimate of $1.5 million.

* The Baron de Rothschild Necklace, described as an emerald, sapphire, lapis lazuli and diamond pendant-Necklace, designed by Charles Jacqueau for Cartier, Paris, circa 1924, sold for $2.59 million.

* A 6.24-carat, pear-shaped fancy purplish pink diamond with VVS2 clarity and Kashmir sapphire ring and sold for $2.4 million ($386,218 per carat).

* An 11.41-carat, Internally Flawless, round-cornered rectangular modified brilliant-cut fancy light pink diamond and diamond ring sold for $1.9 million.

* An 11.90-carat Kashmir sapphire and diamond ring of by Cartier, circa 1915, sold for $1.9 million ($162,185 per carat).

* Iconic emerald, ruby, diamond and enamel ‘Tutti Frutti’ Bracelet, Cartier, New York, circa 1928, sold for $1.6 million.

* 14.33-carat marquise-shaped diamond ring, D color and VVS1 clarity, sold for $1.15 million ($80,251 per carat).

* A 17-carat Kashmir sapphire and diamond brooch by Schlumberger for Tiffany & Co., circa 1960, formerly from the collection of Mrs. Paul Mellon sold for just over $1 million ($60,588 per carat).

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China International Gold, Jewellery & Gem Fair – Shenzhen opens

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The China International Gold, Jewellery & Gem Fair – Shenzhen opened Monday at the Shenzhen Convention & Exhibition Center. The 13th edition of the fair is will run till Wednesday.

The Fair occupies 22,500 square meters of gross exhibition space and features more than 400 exhibitors from 12 countries and regions. These include mainland China, Germany, Hong Kong region, India, Korea, Sri Lanka, Taiwan region, Thailand, the United Arab Emirates, the United States, Russian Federation and Singapore.

Jewelry brands participating, include: CHQ GmbH, Fancy Gem House, KGE Rough & Gems HK Co Ltd, S. T. Trading STS Gems Ltd, Sunny Gem Co, Fai Dee Gems Co Ltd, Zhejiang Angeperle Co Ltd, Fai Po Group, and Shanghai Kimberlite Diamond Co Ltd.

This year’s edition also features specialized pavilions to global buyers, including the China Gold Association Pavilion, the Baolin Pavilion, the Korea Pavilion, and the Designer Pavilion.

Meanwhile, the China Jewellery Market Summit returns from its successful launch last year. “The inaugural edition of the China Jewellery Market Summit in 2014 was welcomed warmly by participants. The summit returns this year with even more informative topics that are sure to engage everyone,” said Celine Lau, director of Jewellery Fairs, UBM Asia Ltd. “We have also allocated more resources to provide a bespoke platform for jewelry companies to launch new products.”

The China Jewellery Market Summit 2015 will be held Tuesday at the New Product Launch and Forum Area in Hall 9 and starts at 2:30 pm. Co-organizer is Jewellery News Asia. The Summit is divided into two main parts: 2015 New Products Launch - Jewellery Parade, and Dialogue with China Jewellery Brands and Retailers.

The summit includes fashion shows and a series of forums on a range of industry-related topics, particularly the opportunities and challenges in China's jewellry retail market. Chan Sai Cheong, executive director of Chow Tai Fook Jewellery Group Ltd is the keynote speaker. 

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Buyers From 99 Countries Attended Asia’s Fashion Jewellery & Accessories Fair

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More than 5,400 unique visitors from 99 countries and regions attended Asia’s Fashion Jewellery & Accessories Fair – March. Sixty percent of the buyers came from overseas, while 21 percent and 19 percent of visitors came from mainland China and the Hong Kong region, respectively.

The four-day event was held March 3 – 6 in Halls 3, 6 & 8 of the AsiaWorld-Expo in Hong Kong.

The top 10 visiting countries and regions outside of China and Hong Kong are India, USA, Korea, Italy, Japan, Taiwan region, Australia, Spain, Thailand, and the UK. The Top 10 altogether accounted for roughly 34 percent of the total number of visitors.

“Sixty percent of visitors are from overseas, a fact that reflects the fair’s renowned status as an international trading platform for fashion jewelry and accessories,” said Celine Lau, director of Jewellery Fairs at UBM Asia Ltd. 

The fair gathered 448 exhibitors from 17 countries and regions. Some exhibits were under the four theme zones: “Fashion Accessories Zone”, “Stainless Steel Jewellery Pavilion”, “Sense Zone” and “Fashion Jewellery Atelier”, and six group pavilions representing mainland China, India, Korea, the Philippines, Thailand, and Taiwan region. 

“The newly launched pavilion – 'Fashion Jewellery Atelier'– received warm feedback from buyers and exhibitors alike. We are glad to see that local talents have gained valuable experiences and industry insights at the fair; it will help the industry to grow,” Lau said.

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