Set in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.
US manufacturer Larter&Sons has shut down
Larter & Sons closed its doors at the end of last year after a century and a half of manufacturing jewelry.
Laurence Harbor, N.J.--Larter & Sons closed its doors at the end of last year after a century and a half of manufacturing jewelry.
Based in Laurence Harbor, N.J., the company shut down in late November, according to its website. “It saddens us to say that after 149 years we will have to close our doors on 11.26.2014. We wish to thank our loyal customers for their patronage during our long history,” Larter & Sons stated.
The company made bridal jewelry as well as women’s rings, earrings, pins pendants and enameled jewelry.
Larter & Sons originated from a firm called Larter, Elcox & Co., which was founded in 1865 and had its office on Maiden Lane in Lower Manhattan and its factory in Newark, N.J.
George Schuetz Sr., a sales manager, bought a majority interest in the company in the early 1930s and the company has remained in the Schuetz family ever since, moving into its current facility in Laurence Harbor in 1986.
The third generation of the family, led by Stephen Schutz, was running the business at the time it ceased operations.
Stephen Schutz could not be reached for comment on the closing on Monday.
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