A buyer paid $25.6 million for the diamond at Christie’s on Tuesday. In 2014, Sotheby’s sold the same stone for $32.6 million.
Customers’ Smartphones and High Expectations
An article published in The Washington Post this week about how bars are dealing with the deluge of requests to charge patrons’ smartphones brings up the larger question of, when is it OK to say “no” to a customer?

On Tuesday, The Washington Post ran a story detailing how D.C.-area bars are dealing with the constant deluge of requests they get from customers to charge their smartphones.
The watering holes’ solutions ranged from installing more outlets and keeping a stock of left-behind chargers behind the bar for battery-challenged guests to making patrons who requested a plug-in wear a big striped top hat while their phones are charging. (Think The Cat in the Hat.)
Other bar owners are just refusing to do it because they, very understandably, don’t want to be responsible for replacing phones that get stolen or have liquor spilled on them. They also don’t want their bartenders to be distracted from their main job, the (very important) task of pouring drinks.
Now granted, a jewelry store is not the same as a bar. Though I could be wrong here, I can’t imagine that retailers get quite the same volume of requests to plug in their customers’ phones.
Still, the story does raise the interesting question of, how much consumers expect these days and how far should businesses, whether they be bars or jewelry stores, go in order to accommodate them and not lose a customer or a potential customer?
It is the very same question columnist Jim Alperin raised in his much-talked-about article we published earlier this week about not re-opening his store to replace a watch battery after-hours.
The Post’s story points out that the fact we live in a society where people can’t stand to be separated from the smartphones is nothing new.
What is changing are people’s expectations.
They assume that every place should be able to charge their smartphones anytime they need it; the article’s author even told of a friend who asked for, and received, a plug in from a CVS pharmacist.
When they don’t get what they want, consumers can be very impolite and will even take to review websites such as Yelp to blast a business for being rude, even though their request is beyond the scope of what the business is actually there to do and they themselves were not even polite in asking.
With that kind of power in consumers’ hands, is it ever OK to simply say “no” anymore? Where do you draw the line with customer requests?
The Latest

Mercedes Gleitze famously wore the watch in her 1927 swim across the English Channel, a pivotal credibility moment for the watchmaker.

GIA is offering next-day services for natural, colorless diamonds submitted to its labs in New York and Carlsbad.

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

Tiffany & Co., David Yurman, and Pandora have launched holiday campaigns depicting their jewelry as symbols of affection and happiness.


The National Retail Federation is bullish on the holidays, forecasting retail sales to exceed $1 trillion this year.

Late collector Eddy Elzas assembled “The Rainbow Collection,” which is offered as a single lot and estimated to fetch up to $3 million.

From educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.

The brand’s seventh location combines Foundrae’s symbolic vocabulary with motifs from Florida’s natural surroundings.

The retailer also shared an update on the impact of tariffs on watch customers.

Pink and purple stones were popular in the AGTA’s design competition this year, as were cameos and ocean themes.

All proceeds from the G. St x Jewel Boxing raffle will go to City Harvest, which works to end hunger in New York City.

Courtney Cornell is part of the third generation to lead the Rochester, New York-based jeweler.

De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company.

Former Signet CEO Mark Light will remain president of Shinola until a replacement for Ulrich Wohn is found.

Kindred Lubeck of Artifex has three rings she designed with Anup Jogani in Sotheby’s upcoming Gem Drop sale.

The company focused on marketing in the third quarter and introduced two new charm collections, “Pandora Talisman” and “Pandora Minis.”

The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.

Ahead of the hearing, two industry organizations co-signed an amicus brief urging the court to declare Trump’s tariffs unlawful.

Stuller COO Belit Myers will take on the additional role of president, with all changes effective at the start of 2026.

Smith cautions retailers against expending too much energy on things they can’t control, like the rising price of gold.

Citrine and topaz are birthstones fit for fall as the leaves change color and the holiday season approaches.

The family-owned jeweler will open its fourth store in Florida in late 2027.

The NYPD is looking for three men who stole a safe and jewelry valued at $3.2 million from the home of a jeweler in Jamaica Hills, Queens.

The trade organization also announced its executive committee and five new directors.

The “Have a Heart x Diamonds Do Good” collection is championed by model and humanitarian Flaviana Matata and will benefit her foundation.

The ring, set with a nearly 17-carat Kashmir cabochon sapphire, sold for $1 million.



















