The top lot of the auction house’s Hong Kong jewelry sale was an Art Deco Mauboussin necklace with ruby beads, which sold for $2 million.
Kering, LVMH Offer Masks, Hand Sanitizer to Combat Coronavirus
The luxury titans are converting production facilities to produce medical supplies as their home countries of Italy and France face the coronavirus pandemic.

New York—Kering is pitching in to combat the coronavirus, offering its services to health officials in France.
The luxury house announced it would purchase 3 million surgical masks from China to provide to the French health service.
The workshops of its brands Balenciaga and Yves Saint Laurent will manufacture masks once French officials give the green light to its manufacturing process and materials.
Kering has also donated an undisclosed amount to the Institut Pasteur, the research house named after famed French scientist Louis Pasteur, to support its research into the coronavirus.
Prior to the announcement, Kering had lent a helping hand to China and Italy as well, donating to the four major foundation hospitals in the Italian regions of Lombardy, Veneto, Tuscany and Lazio on March 11.
Its brand Gucci was among the fashion companies in Tuscany called to help the cause and may be able to donate 1.1 million surgical masks and 55,000 medical overalls in the coming weeks, subject to approval from authorities.
Kering also donated to the Hubei Red Cross Foundation in China on Jan. 28 in an effort to combat the spread of the coronavirus.
Fellow French luxury titan LVMH also offered its assistance to the country’s health authorities.
The factories that would normally produce Christian Dior, Guerlain and Givenchy perfumes have been converted to make hand sanitizer, which will be delivered free of charge to French health authorities and provided to Assistance Publique – Hôpitaux de Paris, the public hospital system in Paris.
Around 50 tons of sanitizing gel is being distributed across French hospitals each week.
The 75ml recyclable bottles will be distributed via the Italian government to medical facilities.
“I believe as a major economic actor and symbol of Italy, Bulgari has a responsibility to contribute to the national effort to help prevent, fight and eradicate COVID-19,” said Bulgari CEO Jean-Christophe Babin in a press release.
“Aware of the difficult situation we are experiencing, we believe it is our duty to contribute with our know-how and production facilities,” he added.
The company has also ordered 40 million masks from
LVMH is planning to send masks to Italy and Spain as well.
The company said it will oversee the management of the supply chain, delivery and customs clearance for the masks, covering 5 million euros worth of related costs in the first week.
Prada will also lend a hand, the Italian luxury company announced in a press release.
Its factory in Montone in the province of Perugia, Italy will produce 80,000 medical overalls and 110,000 masks, with help from external Italian suppliers, to be given to health care officials in the region of Tuscany.
In Hong Kong, Adrian Cheng, heir to the family behind Chow Tai Fook Jewellery, announced plans in late February to produce 200,000 masks per day starting in April, according to a U.S. News report.
The masks will be distributed to Hong Kong residents, particularly low-income families, who have been unable to get masks in light of short supply and price-gouging.
The Latest

Retailers and manufacturers headed to the Capitol this week to discuss tariff exemptions for diamonds and gemstones, among other issues.

Our Piece of the Week is a pair of drop earrings from the “Sway” collection featuring Nanis’ first use of mirror-polished gold.

Experience gemstones with greater precision and comfort than ever before.

SynthDetect 2 can scan a full tray in less than five minutes, De Beers said, making it six times faster than its predecessors.


Two metal detectorists discovered the ring, which may have belonged to English noblewoman Matilda of Lancaster, in Suffolk.

The bill has a provision that allows the president to raise tariffs on countries that import Russian oil and gas to as much as 100 percent.

Submit your pieces for a chance to win in this year's competition.

The American Gem Society presented the annual award to a former president of its board.

The “Chrysalis” capsule centers butterfly motifs representing growth, transformation, and the unfolding of who you are.

Jewelers of Louisiana presented Patton, the third-generation president of Pattons Fine Jewelry, with the award at its annual convention.

Two special guests join the podcast to commemorate the 10th anniversary of the designer advocate, mentor, and author’s untimely passing.

McCormack brings sea-inspired motifs from her “Beaches” collection to L’Objet’s tableware, vanity pieces, and first-ever cutlery set.

Nine New Jersey jewelers have been victims of smash-and-grab robberies this year, prompting JSA to circulate a list of recommendations.

Marlin “Brian” Hood, who has been with the store for 20 years, will succeed Ricky Bromberg, who died earlier this month.

Stars wore either a necklace or earrings at 78th Primetime Emmy Awards but rarely both, Natalie Francisco notes.

Jennifer Shaheen compares this new era of AI-powered SEO to a video game: your website must clear one level before advancing to the next.

The program highlights “Made in Italy” fine jewelry with digital merchandising, sales education, and local marketing support.

Hilson, Signet’s chief operating and financial officer, discussed Q2, resurgent natural diamond demand, and why Blue Nile is a standout.

The stores that have a great December are the ones that made good decisions in August, September, and October, Sherry Smith writes.

The 22.09-carat fancy yellow “Pragnell Kimberley Sunshine Diamond” is part of the fall jewelry sale at Heritage Auctions.

“Adornos: Jewelry, Memory & What We Pass Down” honors the jewelry’s importance to New York City’s Latine communities.

The company’s managing director of sales said the results demonstrate “continued strong demand for commercial-quality emeralds.”

The nonprofit awarded a grant to the Gift of Sight initiative spearheaded by South African musician Black Coffee.

The Latine-owned New York jeweler is marking two milestones this year: its 50th anniversary and the 25th anniversary of the 9/11 attacks.

The recipients were recognized at the 24 Karat Club of the Southeastern United States’ annual banquet.

Keith Rolfe, CFO and COO of Lagos, is now at the jewelry brand’s helm while Steven takes on the role of executive chairman.






















