30 Kasım 2013 Cumartesi


Veteran fine jewelry consultant and writer, Beth Bernstein, is the author of a new book about jewelry designers who as individuals carved a unique vision for themselves and as a group are shaping the future of jewelry design. Titled, Jewelry’s Shining Stars, it is scheduled to be released in September.

Bernstein describes the book as a “celebration of the generation of independent jewelers who have learned the rules in order to bend them, creating a unique and distinctive imprint on contemporary jewelry.”

Published by Fine Points Publishing, the full-color, coffee-table book features designs, quotes, personal anecdotes and inspirations as told by 38 designers. It includes photographs of jewelry ranging from the exotic gemstone pieces of Coomi, to the high-karat gold pieces from master goldsmith Donna Distefano, to the artistic creations made of raw diamonds and recyclable gold from Todd Reed.

The book also includes a foreword written by internationally renowned jewelry designer, Stephen Webster.

Bernstein says that she chose these designers because they “have crossed the boundaries of art, function and wearability and formed distinctive identities while bringing out the collector in a new age of women … Most importantly, they are shaping jewelry’s future.”


The book can be preordered through Amazon.com.

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Platinum necklace with 41 square emerald cut diamonds, 73.64 ctw. Photo credit; Jewelers' Security Alliance and SW Associates

Images of several luxury jewelry pieces stolen from a Cannes hotel are now available for view. The items were taken July 28 in a brazen daylight robbery at the Carlton Intercontinental Hotel, the center of life in the luxury resort city. The value of the jewelry stolen, first estimated at $53 million, was upgraded to $136 million, making it the largest jewelry theft in France and one of the largest in the world. 

55.38-carat flawless emerald-cut diamond ring flanked by two tapered baguette diamonds mounted on platinum. Photo credit: Jewelers' Security Alliance and SW Associates

The photographs of the 30 jewelry items are now available on Forbes.com
 
The diamonds used to create this necklace include: A 6.52-carat pear shaped radiant drop, 15 radiant-cut fancy, vivid yellow diamonds (12.38ctw), with oval, pear-shaped and marquises (37.73ctw), accented with 12 baguettes (0.23ctw) mounted on platinum and yellow gold. Photo credit: Jewelers' Security Alliance and SW Associates

SW Associates, a Paris-based loss adjuster and risk manager working for Lloyd's of London, is offering a million-euro reward ($1.34 million) “to the first person who provides information which leads to recovery of the goods." 

Earrings featuring 14 oval sapphires (18.01ctw), eight marquise-shaped diamonds (4.64ctw), carre-cut diamonds (3.81ctw), round brilliant diamonds (3.90ctw) on platinum and 18k white gold. Photo credit: Jewelers' Security Alliance and SW Associates

Pictures of the jewelry were released publicly Tuesday on the Roskin Gem News Report, a blog owned and operated by gemologist and gem writer, Gary Roskin. It is accompanied by story written by veteran jewelry and watch writer, William George Shuster. The photographs were originally posted on the Jewelers' Security Alliance website. 

11.4-carat fancy, intense, blue, oval diamond on a ring surrounded by pink and colorless melee set on platinum and 18k rose gold. Photo credit: Jewelers' Security Alliance and SW Associates
 
All of the jewelry belonged to the Leviev diamond company, owned by billionaire diamond merchant, Lev Leviev. The hotel was showcasing a temporary exhibit of Leviev jewelry. 


Necklace with a 3.27 Trapezoid-shaped diamond, a 1.02-carat vivid yellow trapezoid diamond and a 1.59-shield-shaped diamond with emerald and diamond beads throughout (110.00ctw). Photo credit: Jewelers' Security Alliance and SW Associates
 
The photographs of up to 36 of the jewelry pieces stolen will soon be available on this page as well. The jewelry in the photographs includes many high-karat, internally flawless colorless diamonds along with large pink and yellow diamonds, and emeralds and sapphires, set in platinum and 18k gold. 

6.17-carat oval-shaped light-pink diamond on a ring surrounded by diamond melee and set on 18k pink gold and platinum. Photo credit: Jewelers' Security Alliance and SW Associates

Reports estimate that 72 pieces (including rings, pendants and earrings) were stolen, with 34 items considered “exceptional.” The thief lost some of the jewelry while fleeing. 

23 pear-shaped diamonds (14.18ctw) 128 round brilliant diamonds (28.65ctw) set in platinum.
29.04-carat sapphire on a ring accented with round brilliant-cut diamonds (2.08ctw).
Photo credit: Jewelers' Security Alliance and SW Associates

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13.22-carat fancy deep brownish, greenish, yellow diamond ring flanked by two bullet-cut diamonds and set in 18k yellow gold and platinum. Photo credit: Jewelers' Security Alliance and SW Associates
The "Royal Blue" diamond

A 10.6-carat fancy blue diamond known as the “Royal Blue” is available through M.S. Rau Antiques in New Orleans. The asking price is $9.8 million.
 

Blue diamonds are among the rarest in the world so it seems unusual that this cut-corned, modified brilliant cut gem is the second significant blue diamond to appear on sale in August. A week earlier, Sotheby’s Hong Kong announced that it is offering a 7.59-carat round fancy vivid blue diamond that is estimated to fetch $19 million.

This stone has a VVS1 clarity grade, notable for having “very, very slight” inclusions, according to the report from the Gemological Institute of America. It is one step away from being graded as “internally flawless” under the GIA scale. The chemical that creates the blue in diamonds is boron, which this gem has.

The diamond is set on a platinum and rose gold ring surrounded by vivid pink and colorless diamonds.

Fewer than 0.3 percent of all colored diamonds graded by GIA were predominately blue. Gem expert and dealer Robert Procop, also the co-designer of Style of Jolie jewels with Angelina Jolie, knows as much as anyone when it comes to the rarity and historical significance of these gems.

“Blue diamonds are rarely discovered and only a few have been found over centuries of mining, making it one of the rarest gems of the world,” he said. “(They) have also been the most gifted by royalty and historical figures making them the most mysterious and precious of jewels. I rarely see a blue diamond that I do not admire.”

Large fancy blue diamonds have been sold for record-breaking figures at auctions and other sales, several have had illustrious provenance through its mine origins and ownership throughout centuries. The most famous blue is the Hope Diamond, last purchased by famed luxury jeweler, Harry Winston, who donated it to the Smithsonian National Museum of Natural History in 1958.

The asking price for the “Royal Blue” ring is more than $924,500 per carat, which seems a bit steep, particularly since it has no known provenance. However, it is only about half of the per-carat price of a 5.30 blue diamond purchased by another famed jeweler, Laurence Graff, at a Bonhams auction in London in April 2013. The final price was $9.6 million or $1.8 million per carat.


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Exceptional growth in China along with improvements in operating margins led to a better-than-expected 16 percent net earnings increase to $107 million, or $0.83 per diluted share, in the second quarter for Tiffany & Co.

Worldwide net sales for the New York-based luxury jeweler rose 4 percent to $926 million. On a constant-exchange-rate basis, worldwide net sales rose 8 percent, and comparable store sales rose 5 percent due to sales growth in most regions.

As a result, the company raised its year-end outlook to $3.50-$3.60 per diluted share, from $3.43-$3.53 per diluted share in its first quarter outlook. It also plans to continue its worldwide expansion of stores unabated.

In addition to regional growth, product categories also performed well, according to Tiffany’s second-quarter earnings report released Tuesday. The results were dampened a bit by lower-than-expected sales growth in the US and the drastic decline of the Japanese Yen.

Mark L. Aaron, Tiffany VP-Investor Relations, said in a conference call Tuesday that growth in fine jewelry and statement jewelry were extremely strong and outperformed modest growth in fashion jewelry. He added that diamond jewelry, led by colored diamonds, did well particularly well for the period.

Gross margin (gross profit as a percentage of net sales) increased to 57.5 percent in the second quarter from 56.3 percent a year ago. Aaron said this was the result of diminishing product cost pressure and price increases taken earlier in the year. This help lead to a “better-than-expected” improvement in operating margin.

“We were pleased with the results of our efforts to improve gross margin which, combined with well-controlled expenses, yielded a solid increase in operating margin,” added Michael J. Kowalski, Tiffany chairman and CEO.

Sales by region are as follows:

* In the Americas, total sales increased 2 percent to $444 million in the second quarter. Comparable store sales were unchanged in the quarter, led by growth in Tiffany’s New York flagship store sales. Aaron noted that sales in the US were lower than expected and were mixed throughout the country with no discernible pattern.

* Total sales in the Asia-Pacific region rose 20 percent to $208 million in the second quarter. On a constant-exchange-rate basis, total sales also rose 20 percent and comparable store sales increased 13 percent, “led by especially strong sales growth in Greater China,” the company said in its report.

* Aaron focused a great deal of time on Japan where the company operates 54 stores. The negative translation effect from a substantially weaker yen caused total sales to decline 14 percent to $136 million in the second quarter. However, he noted that on a constant-exchange-rate basis, total sales increased 7 percent in the second quarter, due to comparable store sales growth of 8 percent with strong growth in engagement and higher-end jewelry categories.

* Total sales in Europe rose 11 percent to $111 million in the second quarter. On a constant-exchange-rate basis, total sales rose 10 percent and comparable store sales rose 7 percent due to sales growth in the United Kingdom and most of continental Europe.

* Sales classified as “Other” sales increased 33 percent to $26 million in the second quarter, primarily reflecting the conversion in July 2012 of five Tiffany & Co. stores in the United Arab Emirates from independently-operated to company-operated. The company said it expected to increase its presence in the Middle East.

Tiffany opened three stores in the second quarter, including its ninth in Hong Kong store. Other openings were in, in Verona, Italy and in Villahermosa, Mexico. The company closed a store in Tokyo, due to the mall the store was in closing for long-term renovations, Aaron said.

The company in the second quarter operated 277 stores (116 in the Americas, 67 in Asia-Pacific, 54 in Japan, 35 in Europe and five in the U.A.E.), versus 260 stores (106 in the Americas, 61 in Asia-Pacific, 55 in Japan and 33 in Europe and five in the U.A.E.) a year ago.


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Comps at Zales Jewelers (pictured) and Zales Outlet increased 8.1%.

Fine jewelry retailer Zale Corp. said Wednesday that year-over-year revenues for the fourth quarter increased 2.4 percent to $417 million. Comparable store sales for the period increased 5.6 percent. This increase follows an 8.3 percent rise in the same period last year. At constant exchange rates, comparable store sales increased 5.8 percent.

Net loss in the fourth quarter for the company, which owns retail jewelry chains in the US, Canada and Puerto Rico, narrowed to $8 million, or 25 cents per share, compared to a net loss of $20 million, or 61 cents per share, in the fourth quarter of fiscal 2012.

Other fourth quarter highlights include:

* Zales branded stores, Zales Jewelers and Zales Outlet, posted a comparable store sales increase of 8.1 percent. This follows a 12.3 percent rise in the same period last year.

* U.S. fine jewelry brands, including Zales branded stores and regional brand, Gordon’s Jewelers, posted a comparable store sales increase of 7.2 percent. This follows an 11.2 percent rise in the same period last year.

* Peoples branded stores posted a comparable store sales increase of 5.6 percent. This follows a 4.7 percent rise in the same period last year. At constant exchange rates, comparable store sales increased 7 percent in the fourth quarter of fiscal 2013, following an increase of 9.9 percent in the same period last year.

* Canadian fine jewelry brands, Peoples Jewellers and Mappins Jewellers, posted a comparable store sales increase of 3.3 percent. This follows a 2 percent rise in the same period last year. At constant exchange rates, comparable store sales increased 4.7 percent in the fourth quarter of fiscal 2013, following an increase of 7.1 percent in the same period last year.

* Piercing Pagoda, Zale’s kiosk jewelry business, posted a comparable store sales increase of 0.3 percent. In the same period last year, comparable store sales rose 2.7 percent.

Gross margin on sales rose sharply to $222 million, or 53.1 percent, compared to $210 million, or 51.6 percent, in the fourth quarter of fiscal 2012. Operating margin increased 120 basis points.

Operating loss was $3 million, or 0.7 percent of revenues, compared to an operating loss of $8 million, or 1.9 percent of revenues, in the fourth quarter of the prior year.

For the 2013 fiscal year, the company reported a six-year high in net earnings of $10 million, or $0.24 diluted earnings per share, up $37 million, or $1.09 per share. The company said this is a six-year high.

Comparable store sales rose 3.3 percent for the year with Zales branded stores up 4.7 percent and Peoples branded stores up 4.8 percent at constant exchange rates. Gross margin was up 60 basis points to 52.1 percent and operating margin increased 90 basis points to 1.9 percent.

“For the year we achieved a significant milestone by delivering our highest net income in six years,” Theo Killion, Zale Corp. CEO, said in a statement.


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Signet Jewelers, the largest specialty retail jeweler in the US and the UK, said Thursday that second-quarter year-over-year sales increased 3.1 percent to $880.2 million. Same store sales for the period increased 3.6 percent year-over-year while eCommerce sales grew 7 percent to $31.2 million.

This was offset by a 1.2 percent decline in net income to $67.4 million. During a conference call Thursday, Mike Barnes, Signet CEO, said the decline was primarily due to the costs associated with the acquisition of the Ultra outlet jewelry store chain and the conversion of many of them to Zale Outlet stores, and lower gross margins compared to other Signet holdings. Without Ultra, earnings per share were up 5.9 percent.

In the company’s US division, which now accounts for nearly 85 percent of total sales for the company, sales increased 5.6 percent to $741.1 million. Same store sales increased 4.9 percent for the period. Sales increases were driven by strength in bridal, colored diamonds and watches. Signet owns 1,449 jewelry retail stores that operate under the brand-names Kay, Jared, Kay Outlet stores, Ultra and stores and some regional brands.

Kay and Jared experienced increases in both transaction counts and average transaction value. Meanwhile, eCommerce sales increased 36 percent to $25.3 million.

In the UK division, total sales declined 8.5 percent to $139.1 million in the second quarter. Same store sales decreased 2.4 percent. The company said the sales decline was primarily due to a same store sales decrease of $3.4 million, the impact of closed stores of $5.6 million and currency fluctuation of $3.9 million. Signet owns 500 retail stores that operate under the H.Samuel and Ernest Jones names.

The company said that at Ernest Jones, the number of transactions increased driven primarily by strength in branded bridal and watches, excluding Rolex, and the average transaction value was lower, primarily due to the impact from Rolex being offered in fewer stores. In H.Samuel, the number of transactions declined, primarily due to store closures and lower traffic. This resulted in lower sales across many merchandise categories, partly offset by strength in branded bridal products. Sales in both businesses were impacted by lower bead transactions. UK eCommerce sales in the UK increased 5.4 percent to $5.9 million, which include 45 percent coming to the websites through mobile devices, Barnes said.

Barnes noted during the conference call that Signet is in the process of updating its websites and mobile presence to take advantage of the increased traffic.

Other second quarter highlights:

* Gross margin declined, falling to $309.7 million or 35.2 percent of sales, compared to $311.2 million or 36.4 percent of sales in the second quarter fiscal 2013. The includes the results for Ultra increased gross margin dollars by $5.7 million; however, it reduced the consolidated gross margin rate by 50 basis points and the US gross margin rate by 70 basis points. The Ultra gross margin is lower than the core US business due to lower Ultra store productivity and the impact of the Ultra integration.

* Gross margin dollars in the US increased by $1.3 million compared to second quarter of fiscal 2013, reflecting higher sales offset by a gross margin decrease of 180 basis points. The company said the lower gross margin was primarily attributed to a gross merchandise margin decrease by 50 basis points, attributed to Ultra; and store occupancy and operating costs deleveraged by 70 basis points, of which 40 basis points was due to Ultra. The remaining 30 basis point change was due to the increase of new store openings.

* The US net bad debt ratio increased to 4.9 percent of sales compared to 4.5 percent of sales in prior year second quarter. The increase in the ratio was primarily due to the growth in the outstanding receivable balance. In addition, the US division experienced a “slight decline in collection efficiency” and a change in the credit mix. In the UK, gross margin dollars decreased $2.8 million, primarily reflecting the impact of decreased sales and currency fluctuation offset by a gross margin rate increase of 40 basis points.
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* Selling, general and administrative expenses increased 4.2 percent to $250.5 million. As a percentage of sales, SGA increased by 40 basis points to 28.5 percent. This includes the results for Ultra, which increased SGA by $13.5 million and increased the consolidated SGA rate by 70 basis points. The company said Ultra’s SGA is expected to decline as the final steps of the integration are completed.

* Operating income fell 4.9 percent to $105.5 million. Operating margin declined 100 basis points to 12 percent.

* The US division’s operating income including Ultra declined 4.9 percent to $111.5.

* Operating margin for the US division including Ultra was 15 percent, compared with 16.7 percent in fiscal 2013, down 170 basis points. Excluding Ultra, the US division’s operating income was $119.3 or 16.8 percent of sales, up 10 basis points.

In its guidance, the company said it expects same store sales to rise in the low-single digit for the third quarter.


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A French mountain climber scaling Mont Blanc came upon gems worth approximately $333,000, according to reports in The Guardian and other publications.

The precious stones almost certainly belonged to someone on one of two Air India flights that crashed into the famous mountain in 1950 and 1996, according to the reports. A total of 165 people were killed in those two crashes.

The gems, around 100, were found neatly packed in bags that were marked, “Made in India,” according to The Guardian report. The mountain climber immediately turned the stones over to local French authorities.

At 15,781 feet, Mont Blanc, which borders France and Italy, is the highest mountain in the Alps and the European Union. The summit is ascended by an average 20,000 mountaineer-tourists each year. 


A special thank you to independent jewelry designer, Etienne Perret, for altering me to this story.

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The fifth edition of the biennial Only Watch auction held September 28 at the Hermitage Hotel in Monaco raised a record of more than 5 million euros (more than $6.85 million), with all proceeds benefiting research for Duchenne muscular dystrophy. 

You can view all the watches from the auction by following this link.

The auction, part of the Monaco Yacht Show, attracted competitive bidding from China, Belgium, Switzerland, Kazakhstan, the United States, Monaco and many other parts of the world, according to the statement from Antiquorum Auctioneers, one of the event organizers. The other organizers were Association Monegasque Contre les Myopathies, the Monaco Yacht Show and the 33 watch brands who created one-of-a-kind timepieces for the event. Also up for bid was a selection of 14 vintage champagne bottles from Lanson. 


Participating watch brands were: Backes & Strauss, Bell & Ross, Blancpain, Breguet, Chanel, Chopard, Chronoswiss, Christophe Claret, Corum, Cyrus, deLaCour, De Bethune, DeWitt, Frédérique Constant, Girard Perregaux, Harry Winston, Hublot, Ikepod, Jaquet Droz, Julien Coudray, Laurent Ferrier, Louis Vuitton, Maurice Lacroix, Montblanc,  Patek Philippe, Piaget, Richard Mille, Roger Dubuis, Armin Strom, Ulysse Nardin, Vacheron Constantin, Van Cleef & Arpels and Zenith.


The auction was preceded with a worldwide preview that made stops in Tokyo, Singapore, Hong Kong, Shanghai, Beijing, New York City, Geneva and finally at the world renowned Monaco Yacht  Show.


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29 Kasım 2013 Cuma


A 118.28-carat D-flawless diamond fetched $30.06 million at Sotheby’s Hong Kong Magnificent Jewels sale Monday. It is a world record price for any white diamond at auction. 

The unmounted, oval-shaped diamond is the largest white diamond ever sold at auction and the largest oval D-flawless diamond in the world as graded by the Gemological Institute of America. GIA graded the diamond, reportedly about the size of an egg, as D color, flawless clarity, with excellent polish and symmetry. The diamond was also graded as a Type IIa, making it among the most chemically pure type of diamond with exceptional optical transparency.

The diamond was cut from a 299 carat rough diamond discovered in 2011 from a mine in Southern Africa.


However, there was a disappointment for the evening as a 7.59-carat round fancy vivid blue diamond failed to sell. Known as the Premier Blue, this brilliant-cut internally flawless gem is the largest round fancy vivid blue diamond ever graded by the GIA. Sotheby’s said the round brilliant cut is rarely used in colored diamonds due to the high waste involved in the cutting process. The diamond is mounted on a platinum ring and surrounded by brilliant-cut pink diamonds together weighing approximately 1.70 carats.

The auction held at the Hong Kong Convention and Exhibition Centre took in nearly $95.5 million, making it the highest total for a sale of jewelry in Asia.

In addition to diamonds, jadeite was very popular during the sale. The top item in this category was a double-strand jadeite bead necklace that sold for more than $5.4 million.

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Dennis Chan (left) describing Qeelin's new "King & Queen" collection. Photo credit: Anthony DeMarco

As I walked into the sun-filled grand ballroom of Club Lusitano, a Portuguese heritage club in Hong Kong’s Central district, the Qeelin press conference was already underway. What I didn’t expect was a three course formal western style lunch that included New Zealand sole and a cheesecake with mixed berries.

On a stage speaking enthusiastically in Chinese was Dennis Chan, the creative director and co-founder of the luxury jewelry brand. Towering over him is a model dressed in a long formal black dress wearing pieces of the just released jewelry from Qeelin’s “King & Queen” collection. Chan is dressed in a crisp black suit and white shirt with the collar unbuttoned. On his neck is a dragon pendant from the new collection. His shoes are the showstopper, a tiger-themed (I believe) print with gold-colored studs in the back. When I ask him about the shoes he just laughs and says they’re Italian and they matched his clothes.

Dennis Chan's Italian shoes. Photo credit: Anthony DeMarco

Afterward, Chan went from table to table with another tall model dressed in a formal full-length red dress discussing the individual pieces in rapid-fire Chinese.

Dennis Chan demonstrating Phoenix necklace at Qeelin press conference. Photo credit: Anthony DeMarco

When compared to its peers in the international luxury jewelry world, Qeelin is different in several ways. It’s a relatively small and young company and it’s headquartered in Asia, not Europe.

The Hong Kong-based company combines traditional Chinese themes with French craftsmanship, a design-first philosophy, the use of precious materials and a bit of whimsy. Not yet 10 years old, the brand has 14 boutiques in China, Hong Kong and Europe; and other points-of-sale in Singapore, Tokyo and Europe.

18k rose gold, diamond pavé and ruby bracelet, part of Qeelin's King & Queen collection. The ring has a dragon head (shown) and phoenix head, which represent King and Queen, respectively.

While the company has European influences and distribution, it is focused on the China and Asian markets. This is precisely why French luxury conglomerate Kering (formerly PPR) purchased a majority stake in the relatively small and little-known brand. The December, 2012, acquisition surprised many observers.

“Qeelin is a small brand, but with strong growth potential. We focus much more on the brand’s ability to grow rather than on its current size,” said Alexis Babeau, Kering managing director. “As examples, Balenciaga or Bottega Veneta were very small brands too when we bought them back in 2001. Look at them now…. Qeelin is well positioned to tap the growth potential of the Asian market.”

Qeelin Dragon and Phoenix ring (with the phoenix head shown) made of 18k yellow gold, diamond pavé and rubies.

I had finished my work at the September Hong Kong Jewellery & Gem Fair so being in the city provided me the opportunity to attend the press conference. Afterward, Chan and I sat for coffee and a short discussion about Qeelin and its future.

Chan said Hong Kong and China are Qeelin’s biggest markets; followed by Europe and Ukraine. “We have a lot of followers,” he said. “They collect everything we have.”

With the Kering acquisition, the boutique brand will have the ability to grow at a rapid pace. Chan said the company will open six to seven stores in China soon. However, he stresses that expansion won’t be rushed.

“We are expanding quite steadily, (but) we try not to expand and suddenly to be very big because it takes time for a luxury brand to grow,” the Hong Kong resident said. “But I think we have our own position in the industry … we rely a lot on design and craftsmanship and at the same time a lot of our jewelry could really touch people’s hearts.”

Chan said that the differences between Qeelin and its European brand counterparts are its advantages.

“If you look at Qeelin, you will find that it is very different,” he said. “We are not like Cartier and Van Cleef who have a long history. We’re a young brand. The interesting thing is we try to bring out the charm of Chinese design. It is traditional but it’s very much hip and fashionable.”

Phoenix necklace made of 18k white gold, diamond pave and rubies. The wings move.

Specifically, the brand creates modern, fashionable versions of traditional Chinese images. For example, its King & Queen line is based on variations of the Dragon (king) and the Phoenix (queen). The collection of rings, bracelets, necklaces and earrings are made of 18k white and rose gold with diamond pavé and touches of rubies. In some cases the parts move, such as the wings on the Phoenix. The jewelry is light and lively and designed to be worn daily.

“The jewelry in my point of view shouldn't be very heavy and you should enjoy it,” he said. “Like my mom. She collects a lot of jewelry but then it always ends up in the safe. She’ll bring it out one or two times a year. If you have a piece of nice jewelry you should really enjoy it and wear it every day.”

Phoenix necklace made of 18k white gold, diamond pave and rubies. The wings move.

Chan began his career in London as a product designer before adding engineer and architect to his resume. His designs ranged from phone booths to the 33-meter high Millennium Clock Tower in Scotland.

“I really wanted to be a product designer,” he said. “In college all the lecturers tried to put me into fashion design because I got the highest marks in fashion. I’m still very much someone who falls in love with product.”

Over the years, his passion grew to include jewelry and watches and was inspired to design his own pieces based on what he felt was a gap in the marketplace.

“I became more intrigued about the world of luxury jewelry,” he said. “I love fashion and I’m a collector of watches. I started collecting jewelry as well. We couldn’t find something that has a Chinese touch but also very, very modern. It just did not exist in the market.”

While Chan has a partner (French entrepreneur Guillaume Brochard) this company is his vision. He stresses that it’s a design-first company. There is very little market research before determining new products. Nor are gems used to determine designs. And he is deeply involved in how the brand is positioned. The glass walls in the ballroom that overlook the crowded streets below were fronted by poster-sized black-and-white photographs of models dressed in Art Deco period clothing wearing Qeelin jewelry. These images were taken by Chan using 100-year-old lenses and a new version of a vintage camera.

“The pictures are very soft and different from digital,” he said.

Below is a promotional video for the new collection using the same imagery as the photography.



Chan says he gets his design ideas based on what’s around him.

“We don’t have a marketing sense,” he said. “It’s very much for me and also the friends around me. For example, at a dinner party I would notice what is lacking on my friends’ and I would feel this kind of product would fit them perfectly. That is more of the information and source when I’m designing new pieces of jewelry.”

He continued, “Unlike a lot of jewelers, we don’t start from the stones. We start from the design and then we try to find the best stone to go with the product. This is why when you look at the collection you always see a story or a design behind it, rather than seeing 10 carats of stones or big rubies and big sapphires. It doesn’t mean we don’t put attention on the stone it just means the stone serves as an enhancement of the design.”

18k white gold earring with diamond pavé and a ruby from the King & Queen collection.

There’s also a sense of fun. Chan said one collection called Ling Long, which is a bejeweled bell, is an example of this. Bells are common gifts for newborn children because the sound is thought to ward off evil spirits. In this case, the clapper of the bell is a diamond so the first sound the baby hears is the sound of a diamond.

“Qeelin is more like that,” he said. “A bit humorous, more fun, very fashionable and it’s still fine jewelry.”

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The largest fancy vivid orange diamond ever to appear at auction will be the top lot in Christie’s Magnificent Jewels sale to be held in Geneva on November 12. Weighing approximately 14.82 carats, this diamond, being called “The Orange,” is expected to fetch between $17 million and $20 million.

Pure orange diamonds, also named ‘Fire diamonds’ by gemologist Edwin Streeter in his book The Great Diamonds of the World (1882), are exceptionally rare in nature. It is more common to find orange diamonds with secondary colors. The orange color is the result of the presence of nitrogen during the diamond's creation. Among the very few fancy vivid orange diamonds that were ever sold at auction, the largest was less than 6 carats. “The Orange” is more than double that size.

At 5.54 carats, the Pumpkin diamond was largely considered to be the largest known fancy vivid orange diamond. It was purchased by Ronald Winston for $1.3 million and made into a ring by Winston and Phillip Bloch. Best Actress winner Halle Berry wore the ring to the 2002 Academy Awards.

A 4.19 carat fancy vivid orange diamond sold for a record price of $2.95 million in October 2011 at a Sotheby’s auction.

The Gemological Institute of America, which graded the diamond and issued its report, recently said: “Strongly colored diamonds in the orange hue range rarely exceed three or four carats in size when polished. (This diamond) is almost four times larger than that size range. In GIA’s colored diamond grading system, as the color appearance of strongly colored diamonds transitions from orangy yellow to orange the occurrence becomes progressively more rare—that is—the less yellow present the more rarely they occur.”

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Kris Humphries reportedly said he just wanted to move on so he can’t be too disappointed for the price his 20.5-carat diamond engagement ring to Kim Kardashian achieved at auction Tuesday.

The NBA basketball player, who paid a reported $2 million for the diamond and platinum ring for the reality TV star in 2011, saw the ring sell for $749,000 during Christie’s Magnificent Jewels auction. While the ring did not sell for its original price it did easily exceed the high auction estimate of $500,000.


Listed simply as an “Impressive Diamond Ring,” the ring designed by Lorraine Schwartz is set with a 16.21-carat rectangular-cut diamond with I color, VS1 clarity. The diamond is flanked on either side with a trapeze-cut diamond, each weighing approximately 1.80 carats. 

The celebrity couple separated after 72 days of marriage in 2011. The divorce became final in 2012.

Although reports started circulating as to the owner of the ring, the provenance wasn’t confirmed until an unidentified person representing Humphries told E! News that it was indeed being sold by him. 

“He has long-since moved on and is very much looking forward to a successful auction at Christie's on Tuesday, and of course to returning to the court this upcoming NBA season as a Boston Celtic,” the representative said in a statement to the entertainment news network.

Rahul Kadakia, head of Jewelry for Christie’s Americas and Switzerland, who led the auction, announced that a portion of proceeds will benefit a charity. 

Bidding began at $200,000 and quickly rose to $480,000. After a pause it went to $520,000. It then slowly climbed to reach a final bid of $620,000. Commission and fees bought the price of the ring to $749,000.

It was the last item of the morning session of the auction. It is scheduled to resume at 2:30 p.m.

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I have been following the JJ Number 8 jewelry brand since I first met the founder of the company, Jamie, at the 2011 Centurion Jewelry Show, where she was selected as an “Emerging Designer” winner.

The brand specializes in marquise-shaped gemstones with cabochon finishes as well as hoop earrings. The pieces are colorful and playful. Jamie (who prefers to be called “JJ”) also has a knack of presenting her brand in a stylish way through her marketing and advertising programs by focusing on the Southern California lifestyle that is so much of a part of who she is. 

She has now extended her branding to a new medium with the release of the video “Freedom,” featuring a beautiful woman in beautiful jewelry enjoying the Southern California beach lifestyle.It has become the centerpiece of all of her new marketing activities. 

“When I design JJ Number 8 jewelry, I have this world I escape to in my imagination,” Jamie said. “It’s a world that brings me peace. Up until now, it’s been a world that I've only been able to express through my jewelry. But I wanted to share this world and bring the story to life through film and artistic cinematography and invite everyone to experience it with me.”

Jamie said the video mixes a nurturing calmness, fun and soft energy, and playful femininity.

“To me, it celebrates what it really feels like to be a woman,” she said.

It's good for me to see young jewelry brands with quality products and a strong focus continue to grow and prosper. The video is below:


"FREEDOM" BY JJ NUMBER 8 JEWELRY from JJ NUMBER 8 JEWELRY on Vimeo.

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JAR Lilac Brooches, 2001; diamonds, lilac sapphires, garnets, aluminum, silver and gold. From a private collection. Photograph by Jozsef Tari, courtesy of JAR, Paris.

To coincide with highly anticipated Jewels by JAR exhibition at the Metropolitan Museum of Art, the museum has announced that the famous jewelry artist has created a small collection of jewelry for the exhibition that will be available for purchase. 

The items include eight pairs of earrings and two watches ranging in price from $2,000 to $7,500. These pieces will be available exclusively at the Museum through the close of the exhibition. 

The museum, probably at the request of the renowned jewelry designer, will not have photographs available of the items for sale until November 18. The picture above will be one of the pieces in the exhibition and not for sale at the Special Exhibition and Mezzanine Gallery Shops. 

The exhibition Jewels by JAR will run from November 20, 2013, through March 9, 2014. The exhibition features more than 400 works by Joel A. Rosenthal, who works in Paris under the name JAR. Jewels by JAR is the first JAR retrospective in the United States and the first at the Metropolitan Museum devoted to a contemporary artist of gems.

Born in New York and educated at Harvard, Rosenthal moved to Paris soon after graduation and began to experiment with jewelry making. He opened JAR in 1978 on the Place Vendôme, in the same space he occupies today. 

“JAR jewels quickly became known for their unique design, the exquisite quality of the gemstones, and their remarkable craftsmanship—but above all for their fearless beauty,” the museum said in a statement. “Rosenthal’s extraordinary, one-of-a-kind creations place him among the ranks of history’s greatest jewelers.” 

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“Tubogas” choker, 1974; two-color gold with Greek silver coins. Bulgari Heritage Collection, inv. 404 N607. © Antonio Barrella Studio Orizzonte.

By Maria Ling,
Assistant Editor

One more reason to spend the holidays in San Francisco is the ongoing exhibition of Bulgari jewelry at the de Young Museum

The Art of Bulgari: La Dolce Vita & Beyond 1950 - 1990,” is an exhibition of approximately 150 pieces created by the renowned Italian jeweler over four decades. It highlights jewelry that defined a pivotal period in Italian design, and will include pieces from the personal collections of Elizabeth Taylor, Ellen Barkin and other famous names. The exhibition will run through February 17, 2014.

Sautoir, 1969, platinum with sapphires and diamonds. Formerly in the collection of Elizabeth Taylor. Bulgari Heritage Collection, inv. 6675 N2170 © Antonio Barrella Studio Orizzonte.

Bulgari notably began to create its own trademark in jewelry in the 1960s by embracing boldly-colored combinations of gemstones, use of heavy gold, and forms derived from Greco-Roman classicism, the Italian Renaissance, and the 19th-century Roman school of goldsmiths. The company helped to develop a look that would come to be known as the “Italian school” of jewelry design. Pieces in the exhibition display the jeweler’s eclectic creativity and invention during this period.

Bracelets, 1955 and 1959; platinum with diamonds. Formerly in the collection of Ellen Barkin. Bulgari Heritage Collection, inv. 4924 B527, 4925 B528 © Antonio Barrella Studio Orizzonte.

Works in the exhibition also include those from the 1970s and 80s, a particularly innovative period for the jeweler and one influenced by Pop Art and other contemporary trends. 

“Parentesi” parure, ca. 1982; Gold with diamonds. Bulgari Heritage Collection, inv. 5063 E173, 5068 N1500, 5072 B508 © Antonio Barrella Studio Orizzonte.

“The hard-edged designs of the 1970s included a whole range based on the Stars-and-Stripes motif, while in the 1980s the Parentesi collection had a smoother, modular, almost architectural presence; both show how the jeweler could lead in new directions with a strong sense of design,” said Martin Chapman, curator in charge of European Decorative Arts and Sculpture at the Fine Arts Museums of San Francisco.

“Bib” necklace, 1965; Gold with emeralds, amethysts, turquoise, and diamonds. Formerly in the collection of Lyn Revson. Bulgari Heritage Collection, inv. 401 N565. © Antonio Barrella Studio Orizzonte

Bulgari’s successful cultivation of prominent patrons and movie stars like Sophia Loren, Ingrid Bergman, and perhaps most notably, Elizabeth Taylor, has long been a key aspect of the jeweler’s reputation. 

To help explore the cultural context in which these objects were made, the exhibition will include sketches, photographs, and other archival materials that help to reveal an intersection of celebrity, design and fine craftsmanship.

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The 59.6-carat Pink Star diamond lived up to its hype by selling for a world record price of approximately $83.4 million at Sotheby’s Geneva Magnificent Jewels sale Wednesday.

When introducing the internally flawless fancy pink vivid diamond, David Bennett, chairman of Sotheby’s Jewellery Division in Europe and the Middle East, called it “one of the most remarkable gems to ever appear at auction.”

Bidding opened at 48 million Swiss francs and gradually climbed to 64 million Swiss francs. After a pause it quickly climbed to 67 million francs ($73.2 million), shattering its $60 million high estimate. Nervous laughter could be heard on Sotheby’s live feed as the bidding slowly pushed up to the winning bid 68 million Swiss francs. Commission fees pushed the final total to more than 76.3 million Swiss francs ($83.4 million).

The diamond is graded as Type IIa, which is rare for any pink diamond, much less one of this size and color. Cut over a period of two years, The Pink Star is more than twice the size of the Graff Pink—a 24.78-carat fancy intense pink diamond that established a world auction record for a diamond and any gemstone or jewel at $46.2 million, at Sotheby’s Geneva in 2010. The current record price per carat for a fancy vivid pink diamond of $2,155,332 is set by a 5-carat diamond, sold in Hong Kong in January 2009. The current record price for any colored diamond sold at auction is $2,398,151 per carat, for “the Orange,” a 14.82-carat fancy vivid orange diamond that sold a day earlier at Christie’s Geneva Magnificent Jewels auction. The per carat price for the The Pink Star has yet to be released and will be updated.

Cut by Steinmetz Diamonds over a period of nearly two years from a 132.5-carat rough, the diamond was first unveiled to the public in May 2003 as the “Steinmetz Pink.” The stone was first sold privately in 2007 and renamed The Pink Star.

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