One lucky winner will receive a “Lizzie” diamond bracelet.
De Grisogono to Cut Jobs Amid Disappointing Sales
The Swiss jewelry brand could eliminate up to 41 positions as its high jewelry faces “challenging conditions” in key markets.
Zurich, Switzerland--Swiss jewelry brand De Grisogono plans to cut as many as 41 jobs as sales of its high-end pieces have disappointed.
According to a recent report from Reuters, the company will eliminate 31 positions in Switzerland—out of 104 total, about 30 percent of its staff—as well as up to 10 others globally amid “challenging conditions in some key markets,” Reuters said.
The news story also noted the brand will scale back production capacity to reflect the atmosphere and focus on more affordable fine jewelry.
De Grisogono did not respond to a request for confirmation on the Reuters report by press time.
Founded by Fawaz Gruosi in 1993, De Grisogono reportedly is majority-controlled by Sindika Dokolo, the husband of Isabel Dos Santos, the daughter of former Angolan President Jose Eduardo Dos Santos and the richest woman in Africa, according to Forbes.
The former Angolan president came under fire during his tenure for naming family and allies to top business and government posts, and his family’s wealth was often constrasted with the dire poverty of the majority of the country’s citizens.
The reported connection between the Dos Santos family and De Grisogono had gem explorer and dealer Yianni Melas calling for a boycott of the brand across social media and going on a hunger strike in Geneva, Switzerland just as Christie’s was set to auction a De Grisogono necklace featuring a 163.41-carat flawless, D color diamond sourced in Angola.
The necklace sold, though the final buying price—$33.7 million—had some calling the result disappointing and speculating that the high end of the diamond market was struggling.
In late 2017, Angolan state-owned diamond company Sodiam, a subsidiary of national mining company Endiama, divested its stake in the brand as part of new President Joao Lourenco’s goal to distance the country from the business interests of his predecessor’s family.
The Latest
Samantha Larson has joined the Boston-based retailer.
The Emerging Jewelers Accelerator Program will guide retail jewelry entrepreneurs through an eight-month educational curriculum.
From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
Ten chosen designers will receive mentorship and participate in a design contest for the Tiffany & Co. x CFDA Jewelry Designer Award.
Dana J. Lorberg brings 35 years of experience in finance, technology, and strategy to the role.
The suspects are said to have been involved in the armed robberies of four jewelry stores across three Midwest states.
This fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
The new designs blend Creative Director Reed Krakoff’s aesthetic with the brand’s Balinese roots.
The Dallas-based jeweler will showcase timepieces from Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Parmigiani Fleurier, and more.
The new store features a custom design studio and a bridal salon.
Designer Rosanne Karmes has created a collection to coincide with the release of the movie musical, which is expected to be a blockbuster.
The retailer said it will file the necessary paperwork to regain compliance as soon as it is able.
Whether you’re calming the jittery gentleman in seat 13B or selling a diamond ring to a hesitant customer, an empathetic approach is best.
The gala includes a red carpet, music from DJ Renata, an awards program, and “mystery boxes.”
The trade show, in its third year, will take place in late September at the Donald E. Stephens Convention Center in Rosemont, Illinois.
The jeweler shared her change of heart on lab-grown diamonds and why she keeps them separate from natural diamonds in her business ventures.
The 2025 Gem Awards are scheduled to take place March 14 at Cipriani 42nd Street in New York City.
Grosz had served as Assael’s senior vice president and creative director since 2017.
“Love and Celebration” is the jeweler’s first in-house collection featuring engagement rings, wedding bands, and celebration rings.
A more positive view of the labor market contributed to the strongest monthly gain since March 2021.
The funds will be distributed to schools in the U.S., Canada, and the U.K.
Jennifer Mulvihill, the first woman to lead JSA in the organization’s 141-year history, takes over for the retiring John Kennedy.
This year’s festivities include more than 100 experiences, such as designer showcases, panel discussions, and even a treasure hunt.
The GMT-Master “Pepsi” that belonged to astronaut Edgar Mitchell is one of two Apollo-flown Rolex watches ever sold at auction.
The ads star brand ambassadors Chloe and Halle Bailey and Pamela Anderson.
The jewelry designer discussed how she got into the jewelry industry, what she keeps in her favorite locket, and the future of her brand.