Onyx Partners has submitted a second offer to buy the department stores after its first offer fell through last year.
Vacheron creates world’s most complicated watch
Commissioned by a private client, Vacheron Constantin’s new Ref. 57260 is a one-of-a-kind, double-dial watch boasting 57 complications and more than 2,800 components.

Geneva--Swiss watchmaker Vacheron Constantin has unveiled what is says is the most complicated watch in the world, a creation nearly nine years in the making.
Called the Ref. 57260, the one-of-a-kind, double-dial pocket watch boasts 57 complications and more than 2,800 components. The brand said it is not releasing the price or value of the timepiece, per the wishes of the anonymous collector who commissioned it.
Among the complications are new mechanisms that have never been seen before in watchmaking, among them the double retrograde “rattrapante” chronograph. This new chronograph is read by the user in the same manner as a classic split-seconds chronograph. What makes it unique is the fact that while both hands still work in unison from the same axis, they never actually meet. They operate on two separate scales on opposing sides of the dial.
In this respect, it can best be described as a “detached” split-seconds chronograph, Vacheron Constantin said.
Another new mechanism is the dual-function perpetual calendar, which gives the watch the ability to provide three entirely different perpetual calendar readings, one for the Hebrew calendar and two for the Gregorian.
Vacheron Constantin said due to the long-term changing cycles of the Hebrew calendar and its differences from the Gregorian calendar, the making of a complete, functioning mechanical Hebraic perpetual calendar had been impossible until the Ref. 57260. “Highly complicated mathematical calculations combining both the lunar months and solar year were transcribed into not only an operational mechanism but a display that is elegant, logical and easy to read,” the brand said. “This achievement cannot be overstated as an example of contemporary watchmaking genius.”
The Gregorian perpetual calendar, meanwhile, automatically corrects itself for the appropriate number of days in the month, and the leap years can be read on the dial using the retrograde date, the days of the week and months dials. Two possible options are available for the Gregorian perpetual calendar: either the traditional calendar, or the business calendar system, known as ISO 8601, a numerical system that utilizes 52 weeks and seven days.
When it comes to chiming, the watch has three possible striking modes: striking, where it chimes automatically at each passing quarter hour; night silence, when chiming is automatically disabled for anywhere from eight to 22 hours; and silence, where the chiming can be switched off when it is not desired.
The “armillary” tourbillon cage containing
The armillary sphere tourbillon was “made of the lightest of materials,” Vacheron Constantin said, to minimize the effects of gravity on the balance wheel, hairspring and pallet fork of the escapement. The tourbillon essentially is a revolving platform and cage upon which the entire escapement is mounted, making one full rotation every minute. In this tourbillon, the escapement is rotated in three planes at once.
The Latest

Solomon Brothers Jewelers has partnered with local cocktail bar Roaring Social on a new martini garnished with a tennis necklace.

Benjamin Siegel, son of President and CEO Hank Siegel, started working for the family business this week.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

The new space features a modern design that blends Bulgari’s Roman heritage with San Diego’s coastal spirit.


Four men were charged in connection with the break-in and accused of stealing $365,000 in cash, jewelry, and designer goods.

André Branch has more than 25 years of experience with various brands, most recently serving as CEO of Ariana Grande’s cosmetics company.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

New York-based atelier Gemlok is best known for creating the innovative “bridge” setting that became popular in the bridal market.

The 50-year-old man pleaded guilty earlier this year to robbing two jewelry stores and a pawn shop of more than $700,000 in merchandise.

The watch’s dial features an original design by Marvel comics illustrator Adam Kubert.

While some August babies are team peridot, the month's time-honored birthstone, others are team spinel, the newer alternative.

Edina Kiss’ “Popsicle” pendant and Karina Choudhrie’s “Ice Cream” charm satisfy that summer craving for a sweet piece of jewelry.

The massive billboard has been in the same spot on the department store’s Herald Square flagship store for decades.

The miner’s ruby and emerald auctions brought in a combined $102.9 million.

The goal is for the De Beers sale to be finished by the second half of 2026, with the subsequent approvals process expected to take a year.

David Bonaparte, along with Tim Haake and Ronnie VanderLinden, continue to lobby for tariff exemptions for diamonds, gemstones, and pearls.

Survey respondents were concerned about the rising prices of food and groceries as well as unemployment.

The trade show, slated for Sept. 4-8 in Vicenza, Italy, will feature sessions on trends, AI, gemology, and manufacturing.

The public shopping event featuring art, jewelry, watches, and rare collectibles, will take place in Santa Clara, California, this fall.

Endiama Commercial Director Elton Escrivão knows people have a lot of misperceptions about Angola. He wants to change that.

Reilly has been with PGI USA for the last 20 years, leading partnership development and professional education.

Boucheron reached record sales while Pomellato found success in its signature collections.

She was one of more than 120 American designers who created flags for the “United Flags of Fashion” project led by CFDA and Vogue.

Smith reveals the method The Retail Smiths use to help retailers and vendors write better job postings.

LVMH’s jewelry and watch brands outperformed the company’s other divisions in an environment the company described as “disrupted.”

“Sacred Heart” features symbols like crosses, angel wings, the Star of David, and the evil eye as a representation of coexistence.























