The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.
Lab-Grown Diamonds Land at Place Vendôme
Courbet is headed by a former Richemont executive and a marketing executive turned jewelry designer.

Paris—Place Vendôme is where César Ritz opened his celebrated hotel that housed Coco Chanel and served as a favored watering hole for Ernest Hemingway (so much so that the hotel bar bears his name).
For 200 years, the famed square in Paris’ 1st arrondissement also has been home to boutiques for the world’s most illustrious fashion and jewelry houses, including French heritage brands like Boucheron, Chaumet, Cartier, Mauboussin and Mellerio, which opened in 1815 as the first jeweler on the plaza.
Now, Place Vendôme houses a company with a future bent, a fledgling lab-grown diamond jewelry brand helmed by a former Richemont executive and a Swedish marketing executive turned designer.
Courbet, named after the innovative French painter thought to be behind the destruction of the column in the center’s square in the 1870s, opened a showroom at 7 Place Vendôme in May 2018 and began selling online the following month. The store is located on the fifth floor in the Cour Vendôme.
Manuel Mallen, who spent nearly 20 years as an executive with Piaget and then Baume & Mercier, started the brand in 2017 with Marie-Ann Wachtmeister, a former marketing manager in Europe for Procter & Gamble who started and then sold her own telecom company before getting into jewelry design in 2010.
Like so many other companies that sell man-made diamonds, Courbet’s marketing uses words like “sustainable” and “ethical,” but it also pays homage to the history and heritage of the brands in the square it occupies.
Courbet, the company’s press kit reads, “embodies the reinvention of Place Vendôme, and proposes the next generation of jewelry,” while noting that it is not “aiming to revolutionize the sector or denounce its traditional players. After more than 25 years as part of this industry, Manuel Mallen simply wants to offer an alternative.”
View this post on InstagramA post shared by COURBET • Joaillier de Valeurs (@courbetofficial) on Nov 6, 2018 at 6:40am PST
The company told National Jeweler that it has a variety of sources for its diamonds, including San Francisco-based Diamond Foundry, Russian lab-grown diamond company New Diamond Technology (NDT) and “very soon” will be sourcing stones from a diamond grower in France.
Among the brand’s standouts are the “Eclipse” bangle bracelets, which bring to mind another French jeweler, Cartier, and its ubiquitous Love bracelets.
The jewelry is crafted in 18-karat recycled white, yellow or rose gold and is manufactured in Europe—in Paris and Lyon, France as well as Milan—using craftsmen who make jewelry for other brands on Place Vendôme.
Last year, De Beers launched Lightbox, and J.C. Penney and Macy’s both added the Richline-supported line “Grown With Love” just before the holidays.
Another Berkshire Hathaway-owned company, Helzberg, also has expanded its man-made diamond offerings.
The jeweler, which ranked as the eighth largest fine jeweler in terms of sales and the third largest in terms of size in National Jeweler’s 2018 “State of the Majors” report, started selling the “Light Heart” line late last year.
Helzberg Diamonds first experimented with lab-grown offerings in 2015, testing pink, yellow and white stones from Scio and Renaissance Diamonds, though it dropped the line shortly after.
The North Kansas City, Missouri-based chain also carries man-made diamonds from Altr.
The Latest

Consumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.

In February 2026, the auction house will move its headquarters to the former Steinway Hall, a neoclassical landmark on Billionaires’ Row.

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

The new show will take place Jan. 23-25, 2026.


The LVMH-owned brand has partnered with the costume design union to revamp its award for 2026.

The luxury titan inked a deal to acquire an initial minority stake in the jewelry manufacturer with a pathway to full ownership by 2032.

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

The company’s curation of unsigned vintage and estate jewelry debuted at the Bloomingdale’s in Costa Mesa, California.

In the recent multi-shipment seizure, CBP also found counterfeit Audemars Piguet, Moncler, and Chrome Hearts items.

Helzberg’s Chief Retail Officer Mitch Maggart shared details about its tests of a new store concept rooted in an elevated luxury experience.

Jewelers of America execs and National Jeweler editors discuss tariffs, the sky-high gold price, and the engagement that broke the internet.

The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.

Laura Burdese, who joined the Italian luxury brand in 2022, will take on the role in July.

The National Jeweler editors revisit the most noteworthy industry happenings and design trends from 2025.

Need a gift for the cat lover who has everything? Look no further than our latest Piece of the Week.

It purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.

The lab-grown diamond grower now offers custom engagement and fashion jewelry through its Kira Custom Lab Jewelry service.

Chandler got his start at Michelson Jewelers and has served as DCA president and CEO since 2001. He will retire at the end of the month.

The boutique is slated to open this week inside Terminal 8, offering pre-owned Rolex watches and more to international travelers.

Sponsored by Digital Monitoring Products

The special-edition egg pendant ingested in a New Zealand jewelry store was recovered after a six-day wait.

Associate Editor Natalie Francisco plays favorites with Piece of the Week, selecting a standout piece of jewelry from each month of 2025.

The “Love and Desire” campaign is inspired by the magic that follows when one’s heart leads the way, said the brand.

Two awardees will receive free tuition for an educational course at the Swiss lab, with flights and lodging included.

Berta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.

Sotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.




















