The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
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
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.