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Week in Photos – March 21, 2016
The watch world was front and center this week with the Baselworld show in Switzerland and Apple’s announcement that it’s dropping the price of its least expensive smartwatch.
The watch world was front and center this week as the Baselworld show took place in Switzerland, wrapping up on Thursday, and Apple announced that it was dropping the price of the Apple Watch Sport by $50.
Two significant gemstones also took the spotlight, as Sotheby’s announced it would sell a 9.54-carat fancy deep blue diamond that once belonged to Shirley Temple and Christie’s revealed the 15.99-carat “Jubilee Ruby” it will put up for auction in New York next month.
Meanwhile, the Diamond Empowerment Fund revealed two more honorees it will recognize at its “Diamonds Do Good” gala in Las Vegas this June and Signet Jewelers reported an increase in comps for the full year, buoyed by strong diamond fashion jewelry sales in the fourth quarter.
This 9.54-carat fancy deep blue diamond Shirley Temple’s dad bought her in 1940 could sell for as much as $35 million when Sotheby’s sells it next month. Read more here.
The Diamond Empowerment Fund will honor the Diamond Development Initiative’s Dorothée Gizenga (left) and Chow Tai Fook at its upcoming gala in Las Vegas, joining former Sterling Jewelers CEO Nate Light in receiving Diamonds Do Good awards at this year’s gala. Read more here.
The Responsible Jewellery Council announced that after five years of discussion and collaboration with its members, external stakeholders and the colored gemstone industry, it will review its certification scope to include colored gemstones. Read more here.
Facing increased competition and a difficult retail landscape, Apple cut the price of its entry-level smartwatch, lowering the starting price of both the 38 mm Apple Watch Sport and the 42mm Apple Watch Sport models by $50. Read more here.
Jewelers of America surveyed retailers about their plans for passing on the family business, finding that while a lot of jewelry stores are headed by individuals age 50 or older, there are many who don’t have any type of succession plan in place. Read more here.
Starting Tuesday (March 29), New York’s Aaron Faber Gallery will open “Phenomenal Jewelry” as its spring exhibition, exploring how 21 jewelry artists have embraced the color and light of phenomenal gemstones in jewelry. Read more here.
This oval-shaped 15.99-carat gemstone, dubbed the “Jubilee Ruby,” could sell for as much as $15 million when it hits the auction block at the Christie’s New York Magnificent Jewels sale scheduled for April 20. Read more here.
Signet Jewelers reported a 4 percent increase in same-store sales for the full year, buoyed by strong diamond fashion jewelry sales in the fourth quarter. Read more here.
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