The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
Baubles and billionaires
The jewelry industry loves billionaires. After all, how many regular old millionaires can plunk down $250,000 for a new necklace or a fancy ring? Apparently, the jewelry industry breeds billionaires, too. A good chunk of the people on Forbes' recently...
The jewelry industry loves billionaires. After all, how many regular
old millionaires can plunk down $250,000 for a new necklace or a fancy
ring? Apparently, the jewelry industry breeds billionaires, too. A good chunk of the people on Forbes'
recently released list of the world's 947 billionaires in 2007 have some connection to the industry.
Ranked at No. 2 (behind Bill Gates) is Warren Buffett,
worth $52 billion, whose company, Berkshire Hathaway, owns several of the
country's top jewelry chains, including Helzberg Diamonds, Borsheim's
and Ben Bridge Jeweler. Of course, Buffett has his money in just about every industry out there. Fellow Berkshire Hathaway shareholder Franklin Booth Jr., worth $2.1 billion, comes in at No. 458 on the list. The company's vice chairman Charles Munger, worth $1.9 billion, is ranked at No 538.
With only half the fortune of Buffett, Bernard Arnault
ranks No. 7 on the list. Worth $26 billion, Arnault owns 51 percent of
LVMH Moet Hennessy Louis Vuitton and Christian Dior, and serves as
chairman of both companies. LVMH owns a bevy of luxury brands,
including TAG Heuer and Zenith.
At the other end of the retail spectrum, the country's largest
jeweler, Wal-Mart, appeared responsible for the most members of
the billionaire's club, including Jim Walton (No. 23, worth $16.8 billion), Christy Walton and family and S. Robson Walton (tied at No. 24, worth $16.7 billion each), Alice Walton (No. 26, worth $16.6 billion), Helen Walton (No. 29, worth $16.4 billion), Ann Walton Kroenke (No. 336, worth $2.7 billion) and Nancy Walton Laurie (No. 407, worth $2.3 billion).
Francois Pinault,
worth $14.5 billion, appears at No. 34 on the list. Pinault is the
majority shareholder of luxury goods group PPR, which owns Gucci,
Boucheron and Bedat & Co. He also owns Christie's auction house. A side note (because I'm a gossip junkie): Pinault's son Francois-Henri Pinault, who is chairman and chief executive officer of PPR, just announced his engagement to actress Salma Hayek, who is pregnant with his baby. Will keep you posted when I get details on the ring.
The Latest
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.