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Week in Photos – May 2, 2016
This week brought news of two very notable diamonds that will be up for sale soon. Read all about them and more in our weekly photo recap.
News around two very notable diamonds surfaced this week--the 1,109-carat rough diamond unearthed by Lucara last November will go up for sale this summer, and Rio Tinto unveiled a 2.83-carat oval-shaped violet-colored diamond.
And, as the calendar flipped to May, emeralds were in the spotlight as the month’s birthstone while celebrities walked the red carpet at the Met Gala, showing off their interpretations of this year’s “Manus x Machina” theme.
In addition, one New York retailer gave itself a new name to celebrate its 40th anniversary, Endless Jewelry replaced its three top executives and the countdown for Las Vegas market week began.
Relive the week that was, in photos.
Blue Nile reported its first quarter results Thursday, noting that its diamond engagement ring sales were down for the second quarter in a row. Read more here.
The Jewelers Board of Trade released new data this week that showed a 34 percent increase in the number of jewelry business closures in the U.S. and Canada in the first quarter. Read more here.
As part of a reorganization, Endless Jewelry is parting ways with three of its top executives, including CEO Paul Moonga, who will be replaced by global supply chain director Ulrik Rasch (pictured here). Read more here.
In honor of its 40th anniversary, New York City’s Greenwich Jewelers changed its name to Greenwich St. Jewelers and also rebranded. Read more here.
The emerald is the birthstone of May, perfectly suited for the month as it represents the renewal of spring and is thought to bring fortune and foresight. Read more here.
Byard Brogan Jr., longtime owner of the Philadelphia-area jewelry manufacturing company his father started in 1908, died April 29 at 85. Read more here.
After Monday night’s Met Gala, one editor shared the jewelry she thought went best with this year’s theme, Manus x Machina: Fashion in an Age of Technology. Read more here.
The Women’s Jewelry Association’s Los Angeles chapter held a networking and educational event Wednesday evening called “Women at the Top.” The panel event featured three successful women in the industry--GIA’s Susan Jacques, JCK Event’s Yancy Weinrich and Lisa Haddow of Neiman Marcus--who talked about their career paths, challenges, overcoming adversity and more.
When the 1,109-carat rough diamond unearthed by Lucara goes up for auction at Sotheby’s this summer, it could sell for more than $70 million. Read more here.
Rio Tinto unveiled the 2.83-carat oval diamond known as The Argyle Violet, which will lead the 2016 Argyle Pink Diamonds Tender. Read more here.
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