MajorsJul 26, 2024
Diamonds Direct Opens Store in AtlantaIt’s the Signet-owned banner’s first location in Georgia.
SourcingMar 02, 2021
Harry Winston Open to Offers on ‘The Pink Legacy’
The company displayed the 18.96-carat pink diamond at its New York store in honor of its founder’s 125th birthday.
Harry Winston acquired “The Pink Legacy” diamond at a Christie’s auction for $50.4 million in November 2018. It set the 18.96-carat fancy vivid pink diamond in a ring that was on display at the Harry Winston store in New York.
New York—Harry Winston celebrated what would have been its founder’s 125th birthday in style.
To commemorate the occasion, the brand’s New York store displayed the Winston Pink Legacy diamond ring, which features “The Pink Legacy” diamond.
Harry Winston, which has been owned by Swatch Group since 2013, acquired the 18.96-carat rectangular-cut fancy vivid pink diamond at a Christie’s auction for $50.4 million in November 2018.
It set the record for the most expensive pink diamond ever sold at Christie’s, as well as the world auction record for highest price per carat for a pink diamond.
A company spokesperson confirmed the store was accepting sales inquiries on the Winston Pink Legacy ring, but noted it was predominantly on display to celebrate Harry Winston.
“I think, generally, the timing is ideal now for investment-grade colored diamonds, as intense and vivid colors are trading at an all-time high. Demand is high and supply is light,” said Joseph Namdar, managing director of Namdar Inc., which specializes in fancy color diamonds.
“Regarding the price, I don’t think they will have an easy time earning a 10 to 20 percent profit based on the $50 million, or $2.6 million per carat, they paid in 2018,” he said.
“If they do, I would humbly believe it will be much due to their brand’s name, as the market has not surpassed that price, not yet at least.”
Harry Winston’s team of designers and craftsmen set the record-breaking diamond in an 18-karat rose gold and platinum ring, flanked by two shield-cut diamonds weighing 3.55 carats.
To commemorate the occasion, the brand’s New York store displayed the Winston Pink Legacy diamond ring, which features “The Pink Legacy” diamond.
Harry Winston, which has been owned by Swatch Group since 2013, acquired the 18.96-carat rectangular-cut fancy vivid pink diamond at a Christie’s auction for $50.4 million in November 2018.
It set the record for the most expensive pink diamond ever sold at Christie’s, as well as the world auction record for highest price per carat for a pink diamond.
A company spokesperson confirmed the store was accepting sales inquiries on the Winston Pink Legacy ring, but noted it was predominantly on display to celebrate Harry Winston.
“I think, generally, the timing is ideal now for investment-grade colored diamonds, as intense and vivid colors are trading at an all-time high. Demand is high and supply is light,” said Joseph Namdar, managing director of Namdar Inc., which specializes in fancy color diamonds.
“Regarding the price, I don’t think they will have an easy time earning a 10 to 20 percent profit based on the $50 million, or $2.6 million per carat, they paid in 2018,” he said.
“If they do, I would humbly believe it will be much due to their brand’s name, as the market has not surpassed that price, not yet at least.”
Harry Winston’s team of designers and craftsmen set the record-breaking diamond in an 18-karat rose gold and platinum ring, flanked by two shield-cut diamonds weighing 3.55 carats.
The Winston Pink Legacy ring
“The subtle design speaks directly to the philosophy behind all Winston jewels—that the diamonds should speak for themselves,” said Harry Winston in a statement.
“What better way to honor a man who dedicated his life to the rarest and most exceptional gemstones than through one of the world’s most extraordinary diamonds.”
The ring was on display for four days only, from Feb. 26 until March 1, which was Harry Winston’s birthday.
The jeweler also noted that Harry Winston was born in 1896, matching the diamond’s 18.96-carat weight.
Known as the original “King of Diamonds,” Harry Winston acquired several notable diamonds in his lifetime, including the Jonker Diamond, the Indore Pears, and the famous Hope Diamond.
More on Sourcing
The Latest
TrendsJul 26, 2024
Piece of the Week: Bea Bongiasca’s ‘Double Loop’ EarringsCommemorate “brat summer” with these green hoops.
EditorsJul 26, 2024
Out & About: A Dispatch from the Nation’s Smallest StateEditor-in-Chief Michelle Graff returns from Rhode Island with thoughts about in-store shopping and a trends report.
Brought to you by
The End of an Era? Lab-Grown Diamonds' Journey Towards Price StabilityAs the demand for lab-grown diamond jewelry may still be increasing, the most notable change we are likely to see is price stabilization.
Supplier BulletinJul 25, 2024
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionSponsored by Gemological Institute of America
Weekly QuizJul 25, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
TechnologyJul 25, 2024
Amazon, BBB Sue Website Allegedly Peddling Fake Reviews They claim ReviewServiceUSA.com was selling both positive and negative reviews of products and businesses.
IndependentsJul 25, 2024
Store Designer Ruth Mellergaard DiesA longtime member of IJO, she’s remembered for her passion for design, learning, and environmentalism.
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionGIA®’s most advanced microscope has new features to optimize greater precision and comfort.
FinancialsJul 25, 2024
Boucheron, Pomellato Post Double-Digit Growth in Q2 The gains come amid a tough time for parent company Kering, which saw sales slide 11 percent in the first half of the year.
MajorsJul 25, 2024
Shane Co. Partners With Kids In Need Foundation to Donate 7,200 BackpacksThe fine jewelry retailer filled backpacks with back-to-school essentials for students in 13 states.
FinancialsJul 24, 2024
LVMH’s First-Half Jewelry, Watch Sales Dip 5%Tiffany & Co. is focusing on its “iconic” collections while the company has made changes at the top at TAG Heuer and Hublot.
MajorsJul 24, 2024
See Chaumet’s Paris Olympic Medals Inspired by its High JewelryThe Parisian brand is the first jewelry company in the history of the Olympic and Paralympic Games to design the medals.
MajorsJul 24, 2024
Jewelers Mutual Acquires Pawnbroker Insurance ProviderUnion Life & Casualty will join JM Insurance Agency Partners, expanding the provider’s pawnbroker coverage.
MajorsJul 24, 2024
Ben Bridge Announces 2024 Lonia Tate Scholarship WinnerLos Angeles-based Bradlei Smith was selected for this year’s award.
ColumnistsJul 23, 2024
Peter Smith: The Case for Optimism in Sales In his latest column, Smith shares multiple reasons why people who look at the glass as being hall full often make better salespeople.
IndependentsJul 23, 2024
Long’s Jewelers Is Giving Away a Luxury Cape Cod VacationThe giveaway is part of the New England jeweler’s summer bridal event.
CollectionsJul 23, 2024
Guzema Debuts ‘Flower Power’ CampaignThe ad features three celebrity florists creating floral sculptures while wearing jewelry by Guzema.
Policies & IssuesJul 23, 2024
Diamonds Do Good Announces Its 2024 Entrepreneurship Grant WinnersThe grant provided a total of $100,000 to support 13 entrepreneurs from diamond communities in Africa and India.
CrimeJul 22, 2024
Florida Jeweler Shot, Killed Following Argument With CustomerGhazi Michel Osta, or “Gus,” was killed Friday by an 83-year-old man said to be a frequent customer at his store, Volusia Gold & Diamond.
Policies & IssuesJul 22, 2024
JVC’s Elyssa Jenkins-Pérez Joins RJCThe organization also announced Effie Marinos as its new specialist advisor for technical standards, as well as four other appointments.
SourcingJul 22, 2024
AWDC Names Karen Rentmeesters as CEORentmeesters has served as interim CEO since April following former CEO Ari Epstein’s resignation.
IndependentsJul 19, 2024
Longtime D.C. Jeweler Brian Mann Dies at 70Mann, whose family’s jewelry store was located inside the Pentagon, is remembered for being a thoughtful champion of the industry.
IndependentsJul 19, 2024
The 1916 Company Opens New Tudor BoutiqueThe 500-square-foot boutique is located in Denver’s Cherry Creek Shopping Center.
CollectionsJul 19, 2024
Piece of the Week: Messika’s ‘So Move Max’ NecklaceDance all night long with the “So Move Max” set’s necklace.
WatchesJul 18, 2024
TAG Heuer, Hublot Will Have New CEOs Luxury giant LVMH is reshuffling the leadership in its watches division.
MajorsJul 18, 2024
New Etsy Campaign Prioritizes Creators Amid BacklashSellers and shoppers have spoken out against a rise in mass-produced merchandise on the platform meant to highlight handmade goods.
MajorsJul 18, 2024
Swarovski Names Ariana Grande as Its New Brand AmbassadorThe celebrity will star in Swarovski’s holiday campaign.
