CollectionsNov 05, 2024
Jacquie Aiche is Hosting an Online Treasure HuntOne lucky winner will receive a “Lizzie” diamond bracelet.
SourcingMar 02, 2021
Harry Winston Open to Offers on ‘The Pink Legacy’
The company displayed the 18.96-carat pink diamond at its New York store in honor of its founder’s 125th birthday.
Harry Winston acquired “The Pink Legacy” diamond at a Christie’s auction for $50.4 million in November 2018. It set the 18.96-carat fancy vivid pink diamond in a ring that was on display at the Harry Winston store in New York.
New York—Harry Winston celebrated what would have been its founder’s 125th birthday in style.
To commemorate the occasion, the brand’s New York store displayed the Winston Pink Legacy diamond ring, which features “The Pink Legacy” diamond.
Harry Winston, which has been owned by Swatch Group since 2013, acquired the 18.96-carat rectangular-cut fancy vivid pink diamond at a Christie’s auction for $50.4 million in November 2018.
It set the record for the most expensive pink diamond ever sold at Christie’s, as well as the world auction record for highest price per carat for a pink diamond.
A company spokesperson confirmed the store was accepting sales inquiries on the Winston Pink Legacy ring, but noted it was predominantly on display to celebrate Harry Winston.
“I think, generally, the timing is ideal now for investment-grade colored diamonds, as intense and vivid colors are trading at an all-time high. Demand is high and supply is light,” said Joseph Namdar, managing director of Namdar Inc., which specializes in fancy color diamonds.
“Regarding the price, I don’t think they will have an easy time earning a 10 to 20 percent profit based on the $50 million, or $2.6 million per carat, they paid in 2018,” he said.
“If they do, I would humbly believe it will be much due to their brand’s name, as the market has not surpassed that price, not yet at least.”
Harry Winston’s team of designers and craftsmen set the record-breaking diamond in an 18-karat rose gold and platinum ring, flanked by two shield-cut diamonds weighing 3.55 carats.
To commemorate the occasion, the brand’s New York store displayed the Winston Pink Legacy diamond ring, which features “The Pink Legacy” diamond.
Harry Winston, which has been owned by Swatch Group since 2013, acquired the 18.96-carat rectangular-cut fancy vivid pink diamond at a Christie’s auction for $50.4 million in November 2018.
It set the record for the most expensive pink diamond ever sold at Christie’s, as well as the world auction record for highest price per carat for a pink diamond.
A company spokesperson confirmed the store was accepting sales inquiries on the Winston Pink Legacy ring, but noted it was predominantly on display to celebrate Harry Winston.
“I think, generally, the timing is ideal now for investment-grade colored diamonds, as intense and vivid colors are trading at an all-time high. Demand is high and supply is light,” said Joseph Namdar, managing director of Namdar Inc., which specializes in fancy color diamonds.
“Regarding the price, I don’t think they will have an easy time earning a 10 to 20 percent profit based on the $50 million, or $2.6 million per carat, they paid in 2018,” he said.
“If they do, I would humbly believe it will be much due to their brand’s name, as the market has not surpassed that price, not yet at least.”
Harry Winston’s team of designers and craftsmen set the record-breaking diamond in an 18-karat rose gold and platinum ring, flanked by two shield-cut diamonds weighing 3.55 carats.
The Winston Pink Legacy ring
“The subtle design speaks directly to the philosophy behind all Winston jewels—that the diamonds should speak for themselves,” said Harry Winston in a statement.
“What better way to honor a man who dedicated his life to the rarest and most exceptional gemstones than through one of the world’s most extraordinary diamonds.”
The ring was on display for four days only, from Feb. 26 until March 1, which was Harry Winston’s birthday.
The jeweler also noted that Harry Winston was born in 1896, matching the diamond’s 18.96-carat weight.
Known as the original “King of Diamonds,” Harry Winston acquired several notable diamonds in his lifetime, including the Jonker Diamond, the Indore Pears, and the famous Hope Diamond.
More on Sourcing
The Latest
IndependentsNov 05, 2024
Long's Jewelers Names New Director of BuyingSamantha Larson has joined the Boston-based retailer.
Events & AwardsNov 05, 2024
JA, BIJC Now Accepting EJAP Applications for 2025The Emerging Jewelers Accelerator Program will guide retail jewelry entrepreneurs through an eight-month educational curriculum.
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
Events & AwardsNov 05, 2024
Tiffany & Co., CDFA Announce Design Award FinalistsTen chosen designers will receive mentorship and participate in a design contest for the Tiffany & Co. x CFDA Jewelry Designer Award.
Weekly QuizOct 31, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsNov 04, 2024
Jewelers Mutual Appoints Mastercard Exec to Its BoardDana J. Lorberg brings 35 years of experience in finance, technology, and strategy to the role.
CrimeNov 04, 2024
FBI Offering $15K Reward for Info on Halloween Mask-Wearing RobbersThe suspects are said to have been involved in the armed robberies of four jewelry stores across three Midwest states.
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYCThis fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
CollectionsNov 04, 2024
John Hardy’s New Jewels Turn the Black Sands of Bali into DiamondsThe new designs blend Creative Director Reed Krakoff’s aesthetic with the brand’s Balinese roots.
IndependentsNov 04, 2024
Eiseman Jewels is Celebrating Watches All Month-LongThe Dallas-based jeweler will showcase timepieces from Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Parmigiani Fleurier, and more.
IndependentsNov 01, 2024
Gunderson’s Jewelers Opens New Location in NebraskaThe new store features a custom design studio and a bridal salon.
CollectionsNov 01, 2024
Piece of the Week: Sydney Evan Gets ‘Wicked’Designer Rosanne Karmes has created a collection to coincide with the release of the movie musical, which is expected to be a blockbuster.
FinancialsOct 31, 2024
Charles & Colvard Faces Possible Nasdaq DelistingThe retailer said it will file the necessary paperwork to regain compliance as soon as it is able.
ColumnistsOct 31, 2024
Peter Smith: Nervous Flyers and Emotional SellingWhether you’re calming the jittery gentleman in seat 13B or selling a diamond ring to a hesitant customer, an empathetic approach is best.
Events & AwardsOct 31, 2024
WJA Will Celebrate 4 Award Winners at ‘Future of Forty’ GalaThe gala includes a red carpet, music from DJ Renata, an awards program, and “mystery boxes.”
Events & AwardsOct 31, 2024
The Instore Show Returns To Chicago AreaThe trade show, in its third year, will take place in late September at the Donald E. Stephens Convention Center in Rosemont, Illinois.
Lab-GrownOct 31, 2024
Q&A: Constance Polamalu on Selling Natural and Lab-Grown DiamondsThe jeweler shared her change of heart on lab-grown diamonds and why she keeps them separate from natural diamonds in her business ventures.
Events & AwardsOct 30, 2024
These Designers, Journalists, and Retailers Are Up for a Gem Award The 2025 Gem Awards are scheduled to take place March 14 at Cipriani 42nd Street in New York City.
MajorsOct 30, 2024
Peggy Grosz Leaves Assael After Company Is SoldGrosz had served as Assael’s senior vice president and creative director since 2017.
CollectionsOct 30, 2024
CD Peacock Honors Its Hometown of Chicago in First Bridal Collection“Love and Celebration” is the jeweler’s first in-house collection featuring engagement rings, wedding bands, and celebration rings.
SurveysOct 30, 2024
Consumer Confidence Rebounds in OctoberA more positive view of the labor market contributed to the strongest monthly gain since March 2021.
Events & AwardsOct 30, 2024
Mejuri to Award $50K in Scholarships to Jewelry Design StudentsThe funds will be distributed to schools in the U.S., Canada, and the U.K.
MajorsOct 29, 2024
Cybersecurity Expert Selected as President of Jewelers’ Security AllianceJennifer Mulvihill, the first woman to lead JSA in the organization’s 141-year history, takes over for the retiring John Kennedy.
Events & AwardsOct 29, 2024
The Can’t-Miss Events of 2024 New York City Jewelry WeekThis year’s festivities include more than 100 experiences, such as designer showcases, panel discussions, and even a treasure hunt.
AuctionsOct 29, 2024
Rolex Worn on Apollo 14 Mission Sells for More Than $2MThe GMT-Master “Pepsi” that belonged to astronaut Edgar Mitchell is one of two Apollo-flown Rolex watches ever sold at auction.
MajorsOct 29, 2024
Pandora’s Holiday Campaign, New Jewelry Celebrate Light and LoveThe ads star brand ambassadors Chloe and Halle Bailey and Pamela Anderson.
EditorsOct 28, 2024
Q&A: Monica Rich Kosann Looks Back on 20 Years The jewelry designer discussed how she got into the jewelry industry, what she keeps in her favorite locket, and the future of her brand.
