The retailer, which recently filed Chapter 11, inked a deal to sell its North American business and intellectual property.
In NY, Sotheby’s to sell jewels of a Mellon
Jewelry that once belonged to Rachel Lambert Mellon, a horticulturalist and art collector who died earlier this year at the age of 103, will hit the auction block at Sotheby’s in November, including a fancy vivid blue diamond estimated to garner up to $15 million.

Mellon’s collection of jewels and objects of vertu, small objects created from precious materials used as works of art or that have a practical purpose, will be offered Nov. 20 and 21 at Sotheby’s New York.
Highlighting Mellon’s jewelry is a 9.75-carat pear-shaped fancy vivid blue diamond of VVS2 clarity. The potentially internally flawless stone, mounted in platinum, is accompanied by a Gemological Institute of America report and is expected to sell for up to $15 million.
Another pear-shaped fancy blue diamond, this one weighing 9.15 carats and also mounted in platinum, has a pre-sale high estimate of $1.5 million.
A circa 1900 gold and diamond rivière necklace by Cartier is set with 29 old European cut diamonds weighing a total of 111 carats, with a 4.20-carat round fancy deep yellow diamond on the clasp. The necklace is expected to sell for $1.2 to $1.5 million.
A pair of 18-karat gold, sapphire and diamond brooches by Van Cleef & Arpels is expected to fetch up to $35,000.
“Mrs. Mellon’s personal jewels and objects of vertu reflect her close relationships with the designers she loved,” Sotheby’s said. “Pieces from Verdura, Schlumberger and Givenchy appear in the collection, as well as period jewels from Cartier, Van Cleef & Arpels and Black Starr & Frost.
The auction will include an attractive array of wearable daytime jewels, gold accessories and objects of vertu, both modern and vintage.”
In addition to jewelry and objects of vertu, Mellon’s fine art, furniture, porcelain, silver and glassware also will be up for auction. Together, the lots are expected to achieve more than $100 million.
The Latest

Target CEO Brian Cornell will step down in February and be replaced by the company’s chief operating officer, Michael Fiddelke.

The group met with the president's senior trade advisor earlier this week to express the industry’s concerns about the effects of tariffs.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

The pop-up will display this year's Tiffany & Co. Singles Championship trophies along with a diamond-encrusted tennis racket and ball.


The New Hampshire-based store has expanded to Boston, propelled by the success of Alex Bellman’s TikTok page, “The Truthful Jeweler.”

The latest incident happened Monday at a store in Oakland, California, continuing a pattern JSA first warned about last month.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

The new aqua green New York Harbor Limited Edition II is the watchmaker’s second collaboration with the Billion Oyster Project.

Participants who attend any three Rings of Strength events will be awarded a special medal.

The investment company, founded by Dev Shetty, has acquired the struggling miner and its assets, including the Lulo mine in Angola.

Smith shares wisdom he gleaned from a podcast he was listening to one morning while being walked by his dog, a Malshi named Sophie.

The counterfeit Van Cleef & Arpels jewels would have been worth more than $30 million if genuine.

The MJSA Mentor & Apprenticeship Program received the Registered Apprenticeship Program designation by the U.S. Department of Labor.

Casio executive and watch enthusiast Masaki Obu is the new general manager of its U.S. timepiece division.

Barabash, Verragio’s client relations representative, was a vital member of the team and is remembered as being warm and full of life.

Originally introduced in 1992, the “Dot” collection is back with a capsule featuring five archival designs and three new creations.

Allison-Kaufman has received the honor for the fourth year in a row.

The company had a solid second quarter, with sales of non-charm jewelry outpacing sales of pieces in its core collections.

Taylor Swift dons the vibrant pair in new promotional imagery for her upcoming album, “The Life of a Showgirl,” set to release in October.

Its investment in micromechanics expert Inhotec will preserve skills essential to the watchmaking industry as a whole, said the company.

Nicolette Bianchi joins the wholesale provider with more than 15 years of cross-industry experience in marketing and product development.

Her new “Ocean” collection was inspired by Myanmar’s traditional articulated fish jewelry, with depictions of flounder, catfish, and more.

Longtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.

The full-day sourcing and networking event, slated for Aug. 18, will be followed by the fifth annual Mega Mixer Summer Soirée.

Model Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.

The board elected 9 new directors at its recent ICA Congress in Brazil.