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Week in Photos – April 11, 2016
This week included the American Gem Society in Washington, D.C. and the announcement that Tiffany will begin selling on Net-a-Porter.
The American Gem Society’s Conclave event started Wednesday in Washington, D.C., offering a number of keynote speakers and education sessions to help retailers with their business.
Meanwhile, another large colored diamond gets ready to hit the auction block, as Sotheby’s has unveiled the 15.38-carat pear-shaped “Unique Pink” diamond it will sell in Geneva next month.
In majors news, Tiffany & Co. announced it will sell its T collection on luxury e-commerce site Net-a-Porter later this month, LVMH reported growth in its jewelry and watch division in the first quarter, and De Beers said rough diamond sales were up in its third sales cycle.
See all that and more in this week in photos.
De Beers said rough diamond sales continued to increase in March and April--up to $660 million in its third sales cycle of the year--aided by stable polished diamond prices and wholesale demand. Read more here.
LVMH Moët Hennessy Louis Vuitton reported Tuesday that the company’s watch and jewelry brands recorded an organic revenue growth of 7 percent in the first quarter to $880.3 million, led by a strong performance from Bulgari and the success of its Connected smartwatch. Read more here.
Both platinum and silver jewelry sales were up in 2015, according to two recent surveys, with the former rising 10 percent and the latter up by 15 percent last year. Read more here.
The 15.38-carat pear-shaped fancy vivid pink “Unique Pink” diamond could garner as much as $38 million when it goes up for sale at Sotheby’s Geneva next month. Read more here.
At Forevermark’s recent forum in Phoenix, De Beers’ launched the Forevermark Carat Club, honoring jewelry stores salespeople who sold more than 20 carats of 1-carat and larger of the brand’s diamonds in 2015. Read more here.
Renowned gemstone photographer John Parrish died April 1 at the age of 65 after he fell while preparing ropes for rock climbing on a camping trip in Oklahoma. Read more here.
Iconic New York retailer Tiffany & Co. will loosen the reins on its tightly controlled distribution network later this month when it begins selling a selection of T collection jewelry on e-commerce site Net-a-Porter. Read more here.
New York City-based jewelry designer Dana Bronfman, who will be exhibiting as a Rising Star at JCK Las Vegas this year, is the focus of this month’s “One to Watch” feature. Read more here.
The American Gem Society’s Conclave event is taking place in Washington, D.C. this week, treating attendees to keynote speakers like former Secretary of State and four-star Gen. Colin Powell as well as education sessions such as bridal trends, updates on diamond grading reports and many on how retailers can improve their business. Read more here, here and here. (Photo credit: AGS)
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