PodcastsJan 12, 2026
The latest poscasttest
MajorsOct 05, 2018
Cartier Takes Saks to Court
The legal dispute stems from a disagreement over the jeweler’s location in the department store’s New York City flagship store amid renovation.
This week, Richemont-owned jewelry brand Cartier took legal action against Saks Fifth Avenue over its location in the department store’s New York City flagship.
New York—No one puts Cartier in the corner.
This week, the French jeweler, which is owned by Geneva-based luxury conglomerate Richemont, took legal action against Saks Fifth Avenue over its location in the department store’s New York City flagship, located at 611 Fifth Ave.
Cartier and Saks signed a five-year retail lease in 2016 but when Saks started its first-floor renovation and proposed a new spot for the popular brand, Cartier pushed back, refusing to “move to a location within the store that does not align with the Maison’s positioning and image standards,” the company said in a statement.
Saks terminated Cartier’s lease following the renovation relocation dustup, which is what prompted the jewelry brand to take the retailer to court.
“Cartier has long been committed to Saks Fifth Avenue and had anticipated this partnership lasting through 2021, at a minimum,” the company’s statement reads. “The announcement of today’s legal action against Saks is in response to Saks’ breach and attempted termination of this contract.”
Cartier’s complaint against the department store was filed in the Supreme Court of the State of New York; it alleges breach of contract.
In it, the company states that the renovation led to a decrease in foot traffic, as well as “significant dust and construction debris,” and asks that Saks be stopped from terminating the contract.
The complaint also asserts that damages could be in excess of $40 million.
A representative for Hudson’s Bay Company, the owner of Saks, told National Jeweler that it doesn’t comment on pending litigation but offered this on its renovation: “We have re-conceptualized the model of our Fifth Avenue Flagship in a way that will revolutionize luxury shopping.
“In partnership with our many existing and new vendors, our grand renovation will deliver a one-of-a-kind experience to our customers through elevated and dominant category presentations in our re-imagined store.”
Editors' Picks
Sponsored by
More on Majors
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SourcingOct 08, 2024
Rio Tinto Begins New Phase of Production That Will Extend Diavik’s LifeCommercial production has begun underground at the Canadian diamond mine’s A21 pipe.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 08, 2024
Is Current Diamond Industry Turbulence Shaping a ‘New Normal’? Industry players have found ways to cope with market conditions while working to reshape themselves in the face of emerging realities.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
SurveysOct 07, 2024
Hill & Co.’s New ‘Business of Jewelry Report’ Is OutThe first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.
