The company's Series A shares will continue to trade following a reverse stock split while its Series B shares will be delisted.
Handmade Bracelet Is Part of Neiman Marcus’ Fantasy
The $25 bauble is one of two items in the “Optimist and Pessimist” gift set in Neiman Marcus’ 2016 Christmas Book, paired with a mattress with a built-in vault.

New York--There is a piece of jewelry included in the Neiman Marcus Christmas Book fantasy gifts list this year, though it’s not what might come to mind immediately when one dreams of fantastical jewels.
Rather than some extravagant piece of fine jewelry or a trip with a manufacturer or designer, it is a $25 handmade bracelet that gives back.
The Akola bracelet is part of a fantasy gift that’s a reimagined version of one that appeared in the book in 1970.
The original “Optimist and Pessimist” gift set offered a fully stocked ark--complete with animals, a French chef and a Park Avenue physician--for just $855,000 for the pessimist, and an oak sapling (with the idea that it would eventually grow into something beautiful) for just $10 for the optimist.
While Neiman Marcus didn’t get any takers on the ark, a fact that probably doesn’t surprise most of us, they did sell a lot of the saplings.
This year’s reinterpretation for the book’s 90th anniversary features a bracelet that gives back for the optimist and a king-sized mattress with a camouflaged lockbox for the pessimist.
The optimist can invest in the future with the purchase of an Akola bracelet for $25, featuring hand-rolled paper beads in black or white, a recycled-glass bead and two accent disks plated in 18-karat gold.
With the purchase of an Akola bracelet, Neiman Marcus will donate $25 to the Akola Project, a nonprofit organization that empowers marginalized women to become agents of change in their families and communities around the world.
Meanwhile, for the pessimist who’s always planning for any eventuality, there’s a $25,000 mattress by Gingerich Built/Monterey Mattress with a fire-proof and impenetrable lockbox built inside to store valuables.
While it’s not unusual for jewelry to appear in the Fantasy Gifts section, this year’s selection is very toned down compared to years’ past.
Last year’s fantasy list included a seven-day trip through Florence and Venice with jewelry designer Ippolita Rostagno with a $150,000 price tag, and in 2014, the book included a custom-made locket designed in collaboration with Monica Rich Kosann for $100,000.
In addition to the Akola bracelet, there are many other jewelry items in this year’s Christmas Book, including a Tahitian pearl necklace from Assael for $13,200; an 18-karat white gold bracelet with 74 carats of diamonds ($500,000); and a 7.95-carat Paraiba tourmaline and diamond ring ($222,000), both from Diana M. Jewels; an 18-karat gold necklace
There are a number of other cool things on this year’s Fantasy Gifts list.
For the star among us, Neiman Marcus is offering the chance to have a walk-on role in the Broadway musical Waitress. The package, priced at $30,000, also includes four premium show tickets, a meet-and-greet with the show’s cast and a Waitress-themed pie-making lesson with the show’s pie consultant.
Meanwhile, a different gift with a much higher price tag will appeal to the anglophiles among us--a trip for eight to a trio of English country estates for one week for the bargain price of $700,000.
See the entire 2016 Christmas Book on the Neiman Marcus website.
The Latest

Communicating clearly with your staff is key to navigating turbulent times, writes columnist Peter Smith.

The “Inner Journey” collection debuted as the brand celebrated its 25th anniversary, with designs inspired by Morais’ journey.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Sales for Richemont’s four jewelry brands increased 8 percent, while watch sales picked up toward the end of the year.


Two scholarships are available, one for new and non-members and another for NAJA certified members.

The retailer’s new flagship is set to open in October at the Tuscan Village development in Salem, New Hampshire.

Supplier Spotlight Sponsored by GIA

Sapphires, emeralds, and rubies are finding their place in a U.S. market captivated by the gemstones once referred to as “semi-precious.”

Plus, parent company Saks Global announces plans to cut ties with up to 600 vendors.

Peter Smith joined Michelle Graff to chat about the state of brick-and-mortar stores and share a few book and podcast recommendations.

The necklace features a candy-colored Australian white opal in 18-karat Fairmined gold, as the brand was named a Fairmined ambassador.

Sponsored by the Las Vegas Antique Jewelry and Watch Show

A private American collector purchased the 10-carat fancy vivid blue diamond.

The designer has taken the appeal of freshly picked fruit and channeled it into a capsule collection of earrings, necklaces, and pendants.

The country’s gem and jewelry exports fell 5 percent year-over-year last month, while imports declined 18 percent.

Around 54 million Americans and counting live with a disability. Here’s how to make your jewelry store and website more accessible.

The event is also accepting poster submissions now through June 16.

Before Pope Leo XIV was elected, a centuries-old procedure regarding the late pontiff’s ring was followed.

The one-of-a-kind platinum Rolex Cosmograph Daytona was estimated to fetch up to $1.7 million.

While the product has entrenched itself in the market, retailers and consultants are assessing the next phase of the category’s development.

The police are trying to identify the man suspected of robbing two Tiffany & Co. locations in the area.

The well-known Maine jeweler takes over for Brian Fleming and will serve a one-year term.

The donation was the result of the brand’s annual Earth Day Ingot event.

Located in NorthPark Center, the revamped store is nearly 2,000 square feet larger and includes the first Tudor boutique in Dallas.

The nonprofit has made updates to the content in its beginner and advanced jewelry sales courses.

BIJC President Malyia McNaughton will shift roles to lead the new foundation, and Elyssa Jenkins-Pérez will succeed her as president.