A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
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.
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From now through mid-May, GIA will be offering the reports at a 50 percent discount.
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The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
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The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.