Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.
Tiara, pearl lots to top Christie’s London sale
A mid-19th century diamond tiara is expected to sell for nearly $400,000 at Christie’s sale of Important Jewels, slated for Nov. 27 in London.

London--A mid-19th century diamond tiara is expected to sell for nearly $400,000 at Christie’s sale of Important Jewels, slated for Nov. 27 in London.
Tiaras of the mid-19th century generally were designed with abundant sprays of scrolling floral and foliate motifs, as well as openwork bands to be worn above the brow or over the chignon (hairstyle at the nape of the neck) on the back of the head, Christie’s said.
The tiara up for auction falls into the openwork category, with its simple design and unobtrusive setting showcasing the large cushion-cut and pear-shaped diamonds.
In addition to tiaras, the auction will include a selection of natural pearl lots, pieces by Cartier, Bulgari and Graff, and jewelry from the early 20th century, including a sapphire and diamond pendant by Luis Sanz.
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