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Chanel's still mad about the boy
Great watch designs that become influential classics invariably reflect the spirit of their time. Take Chanel. When it introduced its most successful model, the J12, 16 years ago it not only interpreted the house code of taking a masculine icon and morphing it into something feminine, it also reflected the mood of men's watches at the time: sporty, steel and preferably a chronograph.
So well did Chanel accomplish this that in time, larger iterations turned into actual men's models, with high horology complications. Now Chanel has done it again. In a subtle shade exclusive to Chanel, known as beige gold, it bears no numerals, just hands, and a small seconds dial on the larger (37mm long) manual wind model, or a date window on the smaller (34.6mm), quartz movement one. The opaline, guilloch dial has a part circle in relief, a calm contrast to the geometry of the case. More dressy, diamond bezelled versions are available in both sizes, in beige or white gold, on a black alligator strap, or navy or red.
In addition, Chanel has created two special all diamond set versions (one beige gold, one white gold) for the opening of its revamped New Bond Street store this month.
The "Boy" element here, as in the Boy bag and Boy lipstick shade now in Chanel's repertoire, refers to the influence of Coco Chanel's English lover Boy Capel, who first introduced her to sporty,replica rolex oyster datejust, aristocratic male style but died in a motor accident.
It is not too fanciful to imagine her borrowing his watch, though the twist is that this style is so feminine it is unlikely to be claimed by men. Piaget always good on the borders of horology and jewellery made it their own, their watches worn by everyone from Jackie O (green jade) to Andy Warhol (black onyx). Then Eighties glitz took over and hardstone was banished to Siberia.
Now,replica gold rolex oyster perpetual datejust, the return to retro modern has brought it full circle; Piaget has revived its Sixties oval cases with diamonds and added a unique onyx faced cuff watch to its Secrets and Lights high jewellery collection.
Van Cleef Arpels' four petalled Alhambra is also back in watch form with onyx, and Jaquet Droz uses the opportunity to reinterpret its famous enamelled dials in the rich russet, sparkling mineral sunstone. At Dior, Victoire de Castellane has long used precious stone slices, such as opal, for her
large D de Dior style, and the new coloured hardstones green or lavender jade on her Mini D model are right on trend. And Jaeger LeCoultre scales new horological heights with the fretted aventurine Hybris Artistica Gyrotourbillon.
But not all hardstone dials are strictly top end. The US is a great source of minerals and midmarket brand Shinola has launched the classic Runwell style with turquoise, malachite or tiger's eye dials. However, the ultimate in a growing trend is literally out of this world. Both the Jaeger LeCoultre Master Calendar Meteorite and a special Parmigiani Fleurier Tonda 1950 use the geometric beauty of meteorite slices to stunning effect.
Piaget Vintage Inspiration Bracelet watch, 23,700
Loud,replica used rolex datejust, proud and very big some of 2015's most interesting watches, and just when we
all thought cases were shrinking. It's not only size, though, but what you do with it and the quirkier the better. Pilot watches are big by tradition, but the Zenith 60mm Pilot Type 20 is also a skeleton and endlessly fascinating.
Likewise, Breguet bucks its classic tradition with the very contemporary and innovative, openwork 43mm Independent Chronograph, with separate movements for time and chrono functions,rolex oyster datejust replica, while Hublot's 45mm Big Bang features enamelled artwork by Britto and is a total talking point.
And, as big watches look good on a slender female wrist, the fierce looking, cartoon monster 40mm Fendi Bugs watch is softened with girly diamonds as an inducement, and the new Cartier platinum 45mm Crash skeleton will look simply elegant adorning the wrist of either gender.
Chanel's still mad about the boy
Great watch designs that become influential classics invariably reflect the spirit of their time. Take Chanel. When it introduced its most successful model, the J12, 16 years ago it not only interpreted the house code of taking a masculine icon and morphing it into something feminine, it also reflected the mood of men's watches at the time: sporty, steel and preferably a chronograph.
So well did Chanel accomplish this that in time, larger iterations turned into actual men's models, with high horology complications. Now Chanel has done it again. In a subtle shade exclusive to Chanel, known as beige gold, it bears no numerals, just hands, and a small seconds dial on the larger (37mm long) manual wind model, or a date window on the smaller (34.6mm), quartz movement one. The opaline, guilloch dial has a part circle in relief, a calm contrast to the geometry of the case. More dressy, diamond bezelled versions are available in both sizes, in beige or white gold, on a black alligator strap, or navy or red.
In addition, Chanel has created two special all diamond set versions (one beige gold, one white gold) for the opening of its revamped New Bond Street store this month.
The "Boy" element here, as in the Boy bag and Boy lipstick shade now in Chanel's repertoire, refers to the influence of Coco Chanel's English lover Boy Capel, who first introduced her to sporty,replica rolex oyster datejust, aristocratic male style but died in a motor accident.
It is not too fanciful to imagine her borrowing his watch, though the twist is that this style is so feminine it is unlikely to be claimed by men. Piaget always good on the borders of horology and jewellery made it their own, their watches worn by everyone from Jackie O (green jade) to Andy Warhol (black onyx). Then Eighties glitz took over and hardstone was banished to Siberia.
Now,replica gold rolex oyster perpetual datejust, the return to retro modern has brought it full circle; Piaget has revived its Sixties oval cases with diamonds and added a unique onyx faced cuff watch to its Secrets and Lights high jewellery collection.
Van Cleef Arpels' four petalled Alhambra is also back in watch form with onyx, and Jaquet Droz uses the opportunity to reinterpret its famous enamelled dials in the rich russet, sparkling mineral sunstone. At Dior, Victoire de Castellane has long used precious stone slices, such as opal, for her
large D de Dior style, and the new coloured hardstones green or lavender jade on her Mini D model are right on trend. And Jaeger LeCoultre scales new horological heights with the fretted aventurine Hybris Artistica Gyrotourbillon.
But not all hardstone dials are strictly top end. The US is a great source of minerals and midmarket brand Shinola has launched the classic Runwell style with turquoise, malachite or tiger's eye dials. However, the ultimate in a growing trend is literally out of this world. Both the Jaeger LeCoultre Master Calendar Meteorite and a special Parmigiani Fleurier Tonda 1950 use the geometric beauty of meteorite slices to stunning effect.
Piaget Vintage Inspiration Bracelet watch, 23,700
Loud,replica used rolex datejust, proud and very big some of 2015's most interesting watches, and just when we
all thought cases were shrinking. It's not only size, though, but what you do with it and the quirkier the better. Pilot watches are big by tradition, but the Zenith 60mm Pilot Type 20 is also a skeleton and endlessly fascinating.
Likewise, Breguet bucks its classic tradition with the very contemporary and innovative, openwork 43mm Independent Chronograph, with separate movements for time and chrono functions,rolex oyster datejust replica, while Hublot's 45mm Big Bang features enamelled artwork by Britto and is a total talking point.
And, as big watches look good on a slender female wrist, the fierce looking, cartoon monster 40mm Fendi Bugs watch is softened with girly diamonds as an inducement, and the new Cartier platinum 45mm Crash skeleton will look simply elegant adorning the wrist of either gender.
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Miami City Ballet Makes 'Jewels' Glisten
On days when the news is almost all harrowing, there's a lot to be said for encountering the securely interlocking structures and radiant beauty of Balanchine ballets. Often credited with capturing the vigor and optimism of America, while retaining the haunting elegance of imperial Russian classicism, George Balanchine was a choreographer who courted transcendence and often delivered.
Miami City Ballet served Balanchine's legacy well Friday night with the first of two performances of the evening length ballet "Jewels" at UCLA's Royce Hall. Rarely seen in its entirety outside New York (and filmed only in bits for the "Balanchine Celebration" video collection), this plotless 1967 ballet has three sections named for gemstones "Emeralds," to music by Gabriel Faure, "Rubies" to Stravinsky and "Diamonds" to Tchaikovsky. It was supposedly inspired by Balanchine's encounter with sparkly things at the famous jewelers Van Cleef Arpels. jeweler advertised here beneath the program notes): For a man who came from a tradition of choreographers who served at the pleasure of the czars, the combination of fortuitous sponsorship and great works of art wasn't unusual.
Nineteen years after Balanchine's death, the real star of "Jewels" is still his choreography, which makes the music physical and asks dancers to find the balance between steely control, bold pacing and rhapsodic leaning.
In "Emeralds," Mary Carmen Catoya's lyrically unfolding arms traced romantic wreaths around her body; and in the regal "Diamonds," Iliana Lopez caught a few balances in arabesque that hung in the air like a benediction. Lopez's version of a princess seemed very approachable because of her ability to combine serenity and vibrancy. Her partner,rolex oyster perpetual datejust replica, Franklin Gamero, carried off his serious spins in second position well, but the carat power in this section really belongs to the ballerina.
"Rubies," on the other hand, needs a puckish athleticism from its male lead,replica mens rolex oyster perpetual datejust, a role originated by the company's artistic director,oyster perpetual datejust replica, Edward Villella. Eric Quillere didn't fill Villella's slippers completely, but he had a strongly buoyant attack and fared well in his one "spin like a top" exit. He provided dexterous support for the appealing Jennifer Kronenberg, whose flirty brio and articulate angle making were infused with neoclassical verve.
The clip clop of shiny new pointe shoes, so often a feature of ballet today, was absent with Miami City Ballet either a result of felicitous acoustics at Royce Hall (the taped score sounded clear and robust but not loud enough to drown out footfalls) or the feather light skills of the dancers. Oddly, though, the vividly bedecked costumes (by Karinska, re created by Haydee Morales) occasionally made too much noise; in the romantically sweeping "Emeralds,used rolex datejust replica," a rustle of tulle seems appropriate, but not the rattle of stage jewelry.
In "Diamonds," however, the corps not only looked stunning in skirts of diaphanous white tulle, but they also set the majestic tone with composure and ineffable grace. By the piece's end, 17 couples almost overwhelmed the Royce stage, but it was a spirited gathering worth squeezing in.
On days when the news is almost all harrowing, there's a lot to be said for encountering the securely interlocking structures and radiant beauty of Balanchine ballets. Often credited with capturing the vigor and optimism of America, while retaining the haunting elegance of imperial Russian classicism, George Balanchine was a choreographer who courted transcendence and often delivered.
Miami City Ballet served Balanchine's legacy well Friday night with the first of two performances of the evening length ballet "Jewels" at UCLA's Royce Hall. Rarely seen in its entirety outside New York (and filmed only in bits for the "Balanchine Celebration" video collection), this plotless 1967 ballet has three sections named for gemstones "Emeralds," to music by Gabriel Faure, "Rubies" to Stravinsky and "Diamonds" to Tchaikovsky. It was supposedly inspired by Balanchine's encounter with sparkly things at the famous jewelers Van Cleef Arpels. jeweler advertised here beneath the program notes): For a man who came from a tradition of choreographers who served at the pleasure of the czars, the combination of fortuitous sponsorship and great works of art wasn't unusual.
Nineteen years after Balanchine's death, the real star of "Jewels" is still his choreography, which makes the music physical and asks dancers to find the balance between steely control, bold pacing and rhapsodic leaning.
In "Emeralds," Mary Carmen Catoya's lyrically unfolding arms traced romantic wreaths around her body; and in the regal "Diamonds," Iliana Lopez caught a few balances in arabesque that hung in the air like a benediction. Lopez's version of a princess seemed very approachable because of her ability to combine serenity and vibrancy. Her partner,rolex oyster perpetual datejust replica, Franklin Gamero, carried off his serious spins in second position well, but the carat power in this section really belongs to the ballerina.
"Rubies," on the other hand, needs a puckish athleticism from its male lead,replica mens rolex oyster perpetual datejust, a role originated by the company's artistic director,oyster perpetual datejust replica, Edward Villella. Eric Quillere didn't fill Villella's slippers completely, but he had a strongly buoyant attack and fared well in his one "spin like a top" exit. He provided dexterous support for the appealing Jennifer Kronenberg, whose flirty brio and articulate angle making were infused with neoclassical verve.
The clip clop of shiny new pointe shoes, so often a feature of ballet today, was absent with Miami City Ballet either a result of felicitous acoustics at Royce Hall (the taped score sounded clear and robust but not loud enough to drown out footfalls) or the feather light skills of the dancers. Oddly, though, the vividly bedecked costumes (by Karinska, re created by Haydee Morales) occasionally made too much noise; in the romantically sweeping "Emeralds,used rolex datejust replica," a rustle of tulle seems appropriate, but not the rattle of stage jewelry.
In "Diamonds," however, the corps not only looked stunning in skirts of diaphanous white tulle, but they also set the majestic tone with composure and ineffable grace. By the piece's end, 17 couples almost overwhelmed the Royce stage, but it was a spirited gathering worth squeezing in.
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Still Seduced
LONDON Some miracles have a way of going unnoticed. Gems and jewels have been doing brilliantly at auction for months, as if bidders had never been told that there is a recession. And yet this has not aroused much commentary.
Could this silence be due to the fact that global sales in the first half of 2009 dropped by 54 percent at Christie's and Sotheby's alike, compared with the corresponding period of 2008? Probably. That leaves a nasty impression. But this abrupt fall of global figures reflects the drastic shrinking of supplies, not a dip in demand, which remains as strong as it has ever been, in a striking parallel to what is happening in the art market.
At Christie's, which has been leading the market for years, worldwide jewelry sales during the first half of 2009 went down to $103 million, spectacularly less than the $226 million posted in the first six months of 2008, and at Sotheby's the 2009 total, $70 million, likewise looks miserable when compared with the $150 million of 2008. This may have cowed into uncharacteristic silence the propaganda machinery of the two international auction houses. It sounds rather unconvincing to admit that you have taken a big step back, and to say in the same breath that your sales are brilliantly successful.
Unconvincing maybe, but true. No one can reasonably argue that the market is faring poorly when earth shattering world records are set.
Continue reading the main story
The faceting of the diamond was dazzling and the delicate ultramarine blue exceedingly rare, but this was more than just a beautiful gem. Its history went back to the 17th century, when Philip IV of Spain gave it to his daughter Margaret Theresa on her betrothal to Leopold I, the ruler of the "Roman Germanic Empire." Later, it belonged to the Princes of Wittelsbach in Bavaria. To round it off nicely, the stone can be shown today to have been cut by Sa'ida ye Gilani, the Iranian poet, calligrapher and jeweler employed at the Moghul court by the emperor Jahangir (who reigned from 1605 1627), thus multiplying its potential value manyfold. However, the catalog did not mention this, since it was not known at the time of the sale.
The world leader in diamonds, Laurence Graff of London, finding the blue diamond irresistible, paid a world record price, the highest for any stone ever auctioned.
Five months later, another extraordinary price within its range was realized at Sotheby's in Geneva. This confirmed that the market was indeed exploding at the top end. Once again, the subject of the excitement was a fancy blue diamond.
With its "fancy vivid blue" color, the 7.03 carat gem dazzled connoisseurs out of their wits. It brought a staggering $9.48 million, just over $1.34 million a carat, making the diamond the most expensive stone per carat ever sold in any category. Unlike Christie's fabulous historic diamond,van cleef and arpel necklace fake, it had no distant past. The bauble was cut from a 26.58 carat rough diamond recovered the year before at the Cullinan mine in South Africa. It was solely the lure of the stone that determined the prodigious price.
Sotheby's press release announced that the buyer,alhambra pendant necklace replica, Joseph Lau Luen hung of Hong Kong, had acquired the diamond, and given it a name, "The Star of Josephine." Josephine being his wife's name, dealers were ecstatic. This really was a private acquisition, fully demonstrating the vibrancy of the market.
Other extraordinary prices were fetched at Sotheby's Geneva auction, which netted a cool $35.76 million. A rare "fancy pink" diamond cut in the shape of a pear soared to $2.04 million, a huge figure for a 5.29 carat stone.
Where aristocratic provenance could be established, jewels soared sky high.
A diadem and necklace made by Cartier in 1912 for Olga Princess Paley, Countess of Hohenfelsen, sold at least as well as they might have done in pre recessionary days, both doubling their high estimates. The diadem (described as an "aigrette tiara"), set with rose cut diamonds and two aquamarines, brought $512,014; and the necklace, designed in the same heavily ornate style, cost an equally breathtaking $392,700. A late 18th century pair of ear clips with spinels and diamonds, solemnly cataloged as "the property of a German Princely and Liechtenstein Ruling Family," almost quadrupled the high estimate at $105,000.
When asked about the atmosphere as perceived by the man wielding the hammer, David Bennett, chairman of Sotheby's jewelry departments in Europe and the Middle East,van cleef onyx necklace replica, said that it felt like being back in the good old days of the mid 1990s.
Perhaps the astounding bullishness of the jewelry market is best illustrated by the prices achieved much further down the financial scale. Here one might have expected the recession to work havoc. Lower incomes have taken a nasty knock, and uncertainty about the future might have an inhibiting effect. Yet, consider what happened on June 10 as Franois Curiel,van cleef and arpels mother of pearl necklace fake, the international director of Christie's jewelry department and chairman of Christie's Europe was conducting the company's late spring London sale of jewelry.
An interesting pattern became apparent from the very beginning. Signed jewels set with good quality stones sold like hot cakes regardless of style or period.
The proceedings opened with a necklace of gold swan heads clutching in their beaks blue sodalite disks. The jewel, adorned with the name of Lalaounis and dated 1995 by its London hallmark, went up to $24,450, two and a half times the high estimate.
Later, a necklace made from oval gold links joined by diamond set clasps and signed Cartier Paris excited bidders, who sent it climbing to $42,750, more than triple the estimate. A gold and diamond "panthre wristwatch," also by Cartier, which came next, managed to match the high estimate at $16,700, even though dozens of that type can be found.
When an important period jewel appeared, the attendance enthusiastically responded as it had done at Sotheby's. Christie's "superb antique diamond brooch" was an unusual composite piece. Made up from magnificent 18th century pear shaped diamond drops hanging from an inverted lotus chalice (a "canopy" in Christie's terminology), it exceeded the high estimate as a private collector from Britain footed the $374,824 bill. The "I want it" mood that prevailed was never more evident.
In its own modest line, an Art Deco travel clock of spinach green jade, its dial framed by a gold chain motif set off by black enamel, provided evidence of the private buyers' sunny disposition, as it brought $14,260, substantially more than the high estimate. This is typically the kind of object that would have faltered if bidders had not been buying purely for pleasure. Neither rarity nor investment considerations can be invoked to account for a price that far exceeded Christie's estimate.
If any difference with the pre recession jewelry market could be detected this year, this is perhaps the even greater attention paid to famous provenances or renowned signatures. In other words, there is an intensified search for aura and its reassuring quality.
In Sotheby's Geneva May sale, five of the most expensive 10 lots were Harry Winston jewels set with diamonds and other gems. The perfection of the stones mattered, but the name helped. The current wave of interest in the jewels of the late 1960s and early 1970s, to which Mr.
A day later at Christie's, a "mystery set" made in 1956 by Van Cleef Arpels in the form of two intertwined leaves set with sapphires and diamonds brought $112,845, far more than expected. The delicate workmanship was of the highest order and the elegant design played up the quality of the gems.
Clearly, the sheer pleasure taken in gazing at beautiful stones is the secret weapon that allows the jewelry market to triumph at every level. And the fact that so many buyers find it possible up and down the financial ladder to succumb to the attraction without going bankrupt suggests that the recession, devastating though it is to some, leaves essentially intact countless private fortunes, from very large to relatively small.
LONDON Some miracles have a way of going unnoticed. Gems and jewels have been doing brilliantly at auction for months, as if bidders had never been told that there is a recession. And yet this has not aroused much commentary.
Could this silence be due to the fact that global sales in the first half of 2009 dropped by 54 percent at Christie's and Sotheby's alike, compared with the corresponding period of 2008? Probably. That leaves a nasty impression. But this abrupt fall of global figures reflects the drastic shrinking of supplies, not a dip in demand, which remains as strong as it has ever been, in a striking parallel to what is happening in the art market.
At Christie's, which has been leading the market for years, worldwide jewelry sales during the first half of 2009 went down to $103 million, spectacularly less than the $226 million posted in the first six months of 2008, and at Sotheby's the 2009 total, $70 million, likewise looks miserable when compared with the $150 million of 2008. This may have cowed into uncharacteristic silence the propaganda machinery of the two international auction houses. It sounds rather unconvincing to admit that you have taken a big step back, and to say in the same breath that your sales are brilliantly successful.
Unconvincing maybe, but true. No one can reasonably argue that the market is faring poorly when earth shattering world records are set.
Continue reading the main story
The faceting of the diamond was dazzling and the delicate ultramarine blue exceedingly rare, but this was more than just a beautiful gem. Its history went back to the 17th century, when Philip IV of Spain gave it to his daughter Margaret Theresa on her betrothal to Leopold I, the ruler of the "Roman Germanic Empire." Later, it belonged to the Princes of Wittelsbach in Bavaria. To round it off nicely, the stone can be shown today to have been cut by Sa'ida ye Gilani, the Iranian poet, calligrapher and jeweler employed at the Moghul court by the emperor Jahangir (who reigned from 1605 1627), thus multiplying its potential value manyfold. However, the catalog did not mention this, since it was not known at the time of the sale.
The world leader in diamonds, Laurence Graff of London, finding the blue diamond irresistible, paid a world record price, the highest for any stone ever auctioned.
Five months later, another extraordinary price within its range was realized at Sotheby's in Geneva. This confirmed that the market was indeed exploding at the top end. Once again, the subject of the excitement was a fancy blue diamond.
With its "fancy vivid blue" color, the 7.03 carat gem dazzled connoisseurs out of their wits. It brought a staggering $9.48 million, just over $1.34 million a carat, making the diamond the most expensive stone per carat ever sold in any category. Unlike Christie's fabulous historic diamond,van cleef and arpel necklace fake, it had no distant past. The bauble was cut from a 26.58 carat rough diamond recovered the year before at the Cullinan mine in South Africa. It was solely the lure of the stone that determined the prodigious price.
Sotheby's press release announced that the buyer,alhambra pendant necklace replica, Joseph Lau Luen hung of Hong Kong, had acquired the diamond, and given it a name, "The Star of Josephine." Josephine being his wife's name, dealers were ecstatic. This really was a private acquisition, fully demonstrating the vibrancy of the market.
Other extraordinary prices were fetched at Sotheby's Geneva auction, which netted a cool $35.76 million. A rare "fancy pink" diamond cut in the shape of a pear soared to $2.04 million, a huge figure for a 5.29 carat stone.
Where aristocratic provenance could be established, jewels soared sky high.
A diadem and necklace made by Cartier in 1912 for Olga Princess Paley, Countess of Hohenfelsen, sold at least as well as they might have done in pre recessionary days, both doubling their high estimates. The diadem (described as an "aigrette tiara"), set with rose cut diamonds and two aquamarines, brought $512,014; and the necklace, designed in the same heavily ornate style, cost an equally breathtaking $392,700. A late 18th century pair of ear clips with spinels and diamonds, solemnly cataloged as "the property of a German Princely and Liechtenstein Ruling Family," almost quadrupled the high estimate at $105,000.
When asked about the atmosphere as perceived by the man wielding the hammer, David Bennett, chairman of Sotheby's jewelry departments in Europe and the Middle East,van cleef onyx necklace replica, said that it felt like being back in the good old days of the mid 1990s.
Perhaps the astounding bullishness of the jewelry market is best illustrated by the prices achieved much further down the financial scale. Here one might have expected the recession to work havoc. Lower incomes have taken a nasty knock, and uncertainty about the future might have an inhibiting effect. Yet, consider what happened on June 10 as Franois Curiel,van cleef and arpels mother of pearl necklace fake, the international director of Christie's jewelry department and chairman of Christie's Europe was conducting the company's late spring London sale of jewelry.
An interesting pattern became apparent from the very beginning. Signed jewels set with good quality stones sold like hot cakes regardless of style or period.
The proceedings opened with a necklace of gold swan heads clutching in their beaks blue sodalite disks. The jewel, adorned with the name of Lalaounis and dated 1995 by its London hallmark, went up to $24,450, two and a half times the high estimate.
Later, a necklace made from oval gold links joined by diamond set clasps and signed Cartier Paris excited bidders, who sent it climbing to $42,750, more than triple the estimate. A gold and diamond "panthre wristwatch," also by Cartier, which came next, managed to match the high estimate at $16,700, even though dozens of that type can be found.
When an important period jewel appeared, the attendance enthusiastically responded as it had done at Sotheby's. Christie's "superb antique diamond brooch" was an unusual composite piece. Made up from magnificent 18th century pear shaped diamond drops hanging from an inverted lotus chalice (a "canopy" in Christie's terminology), it exceeded the high estimate as a private collector from Britain footed the $374,824 bill. The "I want it" mood that prevailed was never more evident.
In its own modest line, an Art Deco travel clock of spinach green jade, its dial framed by a gold chain motif set off by black enamel, provided evidence of the private buyers' sunny disposition, as it brought $14,260, substantially more than the high estimate. This is typically the kind of object that would have faltered if bidders had not been buying purely for pleasure. Neither rarity nor investment considerations can be invoked to account for a price that far exceeded Christie's estimate.
If any difference with the pre recession jewelry market could be detected this year, this is perhaps the even greater attention paid to famous provenances or renowned signatures. In other words, there is an intensified search for aura and its reassuring quality.
In Sotheby's Geneva May sale, five of the most expensive 10 lots were Harry Winston jewels set with diamonds and other gems. The perfection of the stones mattered, but the name helped. The current wave of interest in the jewels of the late 1960s and early 1970s, to which Mr.
A day later at Christie's, a "mystery set" made in 1956 by Van Cleef Arpels in the form of two intertwined leaves set with sapphires and diamonds brought $112,845, far more than expected. The delicate workmanship was of the highest order and the elegant design played up the quality of the gems.
Clearly, the sheer pleasure taken in gazing at beautiful stones is the secret weapon that allows the jewelry market to triumph at every level. And the fact that so many buyers find it possible up and down the financial ladder to succumb to the attraction without going bankrupt suggests that the recession, devastating though it is to some, leaves essentially intact countless private fortunes, from very large to relatively small.
FDIC SunFirst action a reminder of third
An enforcement action brought by the Federal Deposit Insurance Corporation against SunFirst Bank, of Utah, has provided a stark reminder of the legal and regulatory obligations that firms face when dealing with third party payment processors. Third party payment processors, sometimes known as TPPPs, are bank customers who use their accounts to process payments for merchant clients. Department of Justice.
payment processors have clearly become a major concern for the bank regulators over the last several years. Any bank considering a TPPP as a possible customer should approach the relationship with its eyes wide open and realize that if it doesn have a good grasp of its third party payment processor customer, it may be exposed to substantial risk,rolex oyster datejust fake, Carol Van Cleef, a partner with the Washington, DC law firm Patton Boggs LLP,buy rolex oyster perpetual datejust replica, told Complinet.
The FDIC in late December announced it had issued a consent order to SunFirst over failures to comply with the Bank Secrecy Act, which governs financial institutions anti money laundering obligations. One of the bank primary failures revolved around its lax treatment of accounts belonging to third party payment processors, the FDIC said.
A spokesman for the Electronic Transactions Association, a trade group whose membership includes several of the largest TPPPs, estimated that the annual payment processing conducted by non bank processors ranged into "the many billions of dollars. ETA members were well aware of the risks that their merchant customers could pose, both to themselves and to the banks, and the association members were prepared to do everything they could to offset the risks, he added.
TPPPs typically process payments by creating and depositing remotely created checks or by originating Automated Clearing House debits on behalf of their merchant customers. Traditionally, TPPPs have primarily served retailers with physical locations. With the growth of internet based commerce, however, they are increasingly providing services to online businesses and telemarketers firms that can pose substantially greater risks. The FDIC said in a 2008 guidance: processors pose greater money laundering and fraud risk if they do not have an effective means of verifying their merchant clients identities and business practices. FDIC consent order against SunFirst,oyster rolex datejust replica, a small bank with a handful of branches, obliged it to ensure that all personnel whose work involves TPPP activities had sufficient training the risks of such activities and BSA/AML (Bank Security Act/Anti Money Laundering) training on the specialized risks of TPPP activity, fraud red flags, and appropriate customer due diligence maintenance and documentation It added that the bank had to develop a process for reviewing TPPPs transactions to ensure that no related suspicious activity went unreported.
bank shall immediately cease providing third party payment processing for Triple Seven LLC,fake rolex datejust 2, Mastery Merchant LLC, Powder Monkeys LLC, Elite Debit and its associated accountholders, customers, and clients or any other third party payment processor, or their client entities unless the FDIC has provided written notice approving the activity, the FDIC order mandated.
In December, the Federal Trade Commission filed a complaint against Elite Debit and a slew of other internet based entities that allegedly made millions of dollars by luring consumers into memberships for bogus government grant and money making schemes. They then repeatedly charged them monthly fees for these and other memberships to which they never signed up, the FTC said. This scheme caused hundreds of thousands of consumers to seek chargebacks reversals of charges to their credit cards or debits to their banks accounts. The suspect firms relied on TPPPs, as well as dozens of shell companies, to keep their scheme afloat once they lost direct access to merchant accounts, the FTC charged.
Still, the FDIC requirement that SunFirst get permission before doing business with TPPPs appears moot, industry officials said. A source close to SunFirst, who is familiar with its regulatory woes and remedial action plan, and who spoke on condition of anonymity, told Complinet that the bank had no intention of serving third party payment processors in the future and recommended that most other banks also steer clear. In March 2010, Wachovia Bank reached a deferred prosecution agreement with the Justice Department in which it agreed to forfeit $110 million for failing to establish an adequate anti money laundering program between May 2003 and June 2008. The Financial Crimes Enforcement Network and the Office of the Comptroller of the Currency also took action against Wachovia, with the latter issuing a $50m civil monetary penalty. Although the focus of all three actions was Wachovia alleged laundering of billions of dollars in drug money that cartels funneled through Mexican casas de cambio, the bank relationship with TPPPs was a significant element of all three actions.
According to court documents, Wachovia problematic account relationships involved TPPPs that served the telemarketing industry. These processors deposited hundreds of millions of dollars into Wachovia accounts on behalf of the telemarketers using remotely created checks, often drawn on accounts of Wachovia customers. Many of these checks in some cases more than 40 percent were returned as and were linked to a massive telemarketing scam, according to prosecutors.
admitted that it failed to identify, detect, and report the suspicious transactions in the third party payment processor accounts due to deficiencies in its anti money laundering program. That must read information is outlined in the FFIEC BSA/AML Examination Manual and can be found here.
Van Cleef said that it was important for banks to conduct sufficient due diligence on the TPPPs to understand the kinds of customers they were serving. She added that banks should closely scrutinize the transaction records of the TPPPs and look for red flags such as high rates of returned or rejected payments and customer complaints. Van Cleef also suggested that banks would be wise to ascertain whether the TPPPs or their customers had faced regulatory enforcement actions under federal or state law. Reviews of FTC actions and state attorney general records were good starting points, she said.
on the bank, and its risk tolerance, it may want to conduct more extensive due diligence on its TPPP customers, reviewing not only the TPPP own AML compliance program, but also the TPPP customer due diligence files and its analysis of transactional records, Van Cleef said.
In some cases the bank might want to conduct its own testing of the TPPP customers transactions, she added. Van Cleef conceded that such enhanced due diligence could be costly but that it was important. providing banking services to TPPPs is deemed to be a profitable enough business, the bank will likely decide to put the necessary resources behind its due diligence efforts, she said. Established in 1997, Complinet serves over 100,000 industry professionals in 80+ countries. Its connected approach provides one single place to get all the relevant regulatory news, analysis, rules and developments from the region to support firms in highly regulated industries.
An enforcement action brought by the Federal Deposit Insurance Corporation against SunFirst Bank, of Utah, has provided a stark reminder of the legal and regulatory obligations that firms face when dealing with third party payment processors. Third party payment processors, sometimes known as TPPPs, are bank customers who use their accounts to process payments for merchant clients. Department of Justice.
payment processors have clearly become a major concern for the bank regulators over the last several years. Any bank considering a TPPP as a possible customer should approach the relationship with its eyes wide open and realize that if it doesn have a good grasp of its third party payment processor customer, it may be exposed to substantial risk,rolex oyster datejust fake, Carol Van Cleef, a partner with the Washington, DC law firm Patton Boggs LLP,buy rolex oyster perpetual datejust replica, told Complinet.
The FDIC in late December announced it had issued a consent order to SunFirst over failures to comply with the Bank Secrecy Act, which governs financial institutions anti money laundering obligations. One of the bank primary failures revolved around its lax treatment of accounts belonging to third party payment processors, the FDIC said.
A spokesman for the Electronic Transactions Association, a trade group whose membership includes several of the largest TPPPs, estimated that the annual payment processing conducted by non bank processors ranged into "the many billions of dollars. ETA members were well aware of the risks that their merchant customers could pose, both to themselves and to the banks, and the association members were prepared to do everything they could to offset the risks, he added.
TPPPs typically process payments by creating and depositing remotely created checks or by originating Automated Clearing House debits on behalf of their merchant customers. Traditionally, TPPPs have primarily served retailers with physical locations. With the growth of internet based commerce, however, they are increasingly providing services to online businesses and telemarketers firms that can pose substantially greater risks. The FDIC said in a 2008 guidance: processors pose greater money laundering and fraud risk if they do not have an effective means of verifying their merchant clients identities and business practices. FDIC consent order against SunFirst,oyster rolex datejust replica, a small bank with a handful of branches, obliged it to ensure that all personnel whose work involves TPPP activities had sufficient training the risks of such activities and BSA/AML (Bank Security Act/Anti Money Laundering) training on the specialized risks of TPPP activity, fraud red flags, and appropriate customer due diligence maintenance and documentation It added that the bank had to develop a process for reviewing TPPPs transactions to ensure that no related suspicious activity went unreported.
bank shall immediately cease providing third party payment processing for Triple Seven LLC,fake rolex datejust 2, Mastery Merchant LLC, Powder Monkeys LLC, Elite Debit and its associated accountholders, customers, and clients or any other third party payment processor, or their client entities unless the FDIC has provided written notice approving the activity, the FDIC order mandated.
In December, the Federal Trade Commission filed a complaint against Elite Debit and a slew of other internet based entities that allegedly made millions of dollars by luring consumers into memberships for bogus government grant and money making schemes. They then repeatedly charged them monthly fees for these and other memberships to which they never signed up, the FTC said. This scheme caused hundreds of thousands of consumers to seek chargebacks reversals of charges to their credit cards or debits to their banks accounts. The suspect firms relied on TPPPs, as well as dozens of shell companies, to keep their scheme afloat once they lost direct access to merchant accounts, the FTC charged.
Still, the FDIC requirement that SunFirst get permission before doing business with TPPPs appears moot, industry officials said. A source close to SunFirst, who is familiar with its regulatory woes and remedial action plan, and who spoke on condition of anonymity, told Complinet that the bank had no intention of serving third party payment processors in the future and recommended that most other banks also steer clear. In March 2010, Wachovia Bank reached a deferred prosecution agreement with the Justice Department in which it agreed to forfeit $110 million for failing to establish an adequate anti money laundering program between May 2003 and June 2008. The Financial Crimes Enforcement Network and the Office of the Comptroller of the Currency also took action against Wachovia, with the latter issuing a $50m civil monetary penalty. Although the focus of all three actions was Wachovia alleged laundering of billions of dollars in drug money that cartels funneled through Mexican casas de cambio, the bank relationship with TPPPs was a significant element of all three actions.
According to court documents, Wachovia problematic account relationships involved TPPPs that served the telemarketing industry. These processors deposited hundreds of millions of dollars into Wachovia accounts on behalf of the telemarketers using remotely created checks, often drawn on accounts of Wachovia customers. Many of these checks in some cases more than 40 percent were returned as and were linked to a massive telemarketing scam, according to prosecutors.
admitted that it failed to identify, detect, and report the suspicious transactions in the third party payment processor accounts due to deficiencies in its anti money laundering program. That must read information is outlined in the FFIEC BSA/AML Examination Manual and can be found here.
Van Cleef said that it was important for banks to conduct sufficient due diligence on the TPPPs to understand the kinds of customers they were serving. She added that banks should closely scrutinize the transaction records of the TPPPs and look for red flags such as high rates of returned or rejected payments and customer complaints. Van Cleef also suggested that banks would be wise to ascertain whether the TPPPs or their customers had faced regulatory enforcement actions under federal or state law. Reviews of FTC actions and state attorney general records were good starting points, she said.
on the bank, and its risk tolerance, it may want to conduct more extensive due diligence on its TPPP customers, reviewing not only the TPPP own AML compliance program, but also the TPPP customer due diligence files and its analysis of transactional records, Van Cleef said.
In some cases the bank might want to conduct its own testing of the TPPP customers transactions, she added. Van Cleef conceded that such enhanced due diligence could be costly but that it was important. providing banking services to TPPPs is deemed to be a profitable enough business, the bank will likely decide to put the necessary resources behind its due diligence efforts, she said. Established in 1997, Complinet serves over 100,000 industry professionals in 80+ countries. Its connected approach provides one single place to get all the relevant regulatory news, analysis, rules and developments from the region to support firms in highly regulated industries.
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bringing contemporary style to Hancocks
Daughter joins family jewellery business nothing particularly remarkable about that. Daughter joins family jewellery business with an offering that's the polar opposite,rolex datejust oyster fake, exposing it to a new breed of clientele in the process that's where things become interesting.
The latter is the case for Amy Burton, the daughter of Stephen and Janie Burton, who own Hancocks vintage jewellery boutique in Mayfair's Burlington Arcade. In late 2016, the genteel 167 year old company which stocks vintage jewels from Victorian tiaras to Art Deco Cartierand signed pieces by Flato, Grima and Lalaounis got a blast of the modern day when Burton launched her strikingly contemporary debut collection.
"The idea of a caged design had been in my head for a really long time,oyster rolex perpetual datejust fake, I had sketchbooks of ideas but it was never quite right," Burton says. "Then I saw this gate in the garden at the Peggy Guggenheim gallery and it all just clicked. As soon as I got back I had it made up."
To do so she needed a goldsmith with the right balance between traditional craftsmanship and modern vision. Her brother Guy leads the design of the company's antique inspired engagement rings, all handmade by British craftspeople, but Burton's designs were unlike anything they'd encountered before.
Despite such a modern day aesthetic, there are hints of Burton's antique jewellery upbringing. Her commitment to traditional techniques, for one: "I don't touch CAD there's a place for it, but it's not for me". Elsewhere, the watery hue of a pale aquamarine offers a subtle but undeniable nod to the past. "Because of my background and expertise in vintage jewellery, there are little elements that pop up," she admits. "I love coloured stones but I prefer the softer, gentler unheated ones I prefer a more natural look."
And while a geometric tangle of yellow gold and amethyst may not be exactly what the typical Hancocks customer expects to see alongside vintage Sterl, Van Cleef and Boucheron,rolex datejust 2 fake, that's not to say they can't be converted. "There's definitely a crossover of interest," says Burton: one of the first pieces she sold was a pair of Disorient hoops, to a couple who also purchased a classic pair of 1920s drop earrings.
"I think that there will be people who find Amy Burton Fine Jewellery via Hancocks and vice versa. The fact that it's all handcrafted gives it that timeless aspect,fake oyster perpetual datejust, so even though it's not estate jewellery people still feel like they're investing in a piece that will, hopefully, be passed on for generations."
Daughter joins family jewellery business nothing particularly remarkable about that. Daughter joins family jewellery business with an offering that's the polar opposite,rolex datejust oyster fake, exposing it to a new breed of clientele in the process that's where things become interesting.
The latter is the case for Amy Burton, the daughter of Stephen and Janie Burton, who own Hancocks vintage jewellery boutique in Mayfair's Burlington Arcade. In late 2016, the genteel 167 year old company which stocks vintage jewels from Victorian tiaras to Art Deco Cartierand signed pieces by Flato, Grima and Lalaounis got a blast of the modern day when Burton launched her strikingly contemporary debut collection.
"The idea of a caged design had been in my head for a really long time,oyster rolex perpetual datejust fake, I had sketchbooks of ideas but it was never quite right," Burton says. "Then I saw this gate in the garden at the Peggy Guggenheim gallery and it all just clicked. As soon as I got back I had it made up."
To do so she needed a goldsmith with the right balance between traditional craftsmanship and modern vision. Her brother Guy leads the design of the company's antique inspired engagement rings, all handmade by British craftspeople, but Burton's designs were unlike anything they'd encountered before.
Despite such a modern day aesthetic, there are hints of Burton's antique jewellery upbringing. Her commitment to traditional techniques, for one: "I don't touch CAD there's a place for it, but it's not for me". Elsewhere, the watery hue of a pale aquamarine offers a subtle but undeniable nod to the past. "Because of my background and expertise in vintage jewellery, there are little elements that pop up," she admits. "I love coloured stones but I prefer the softer, gentler unheated ones I prefer a more natural look."
And while a geometric tangle of yellow gold and amethyst may not be exactly what the typical Hancocks customer expects to see alongside vintage Sterl, Van Cleef and Boucheron,rolex datejust 2 fake, that's not to say they can't be converted. "There's definitely a crossover of interest," says Burton: one of the first pieces she sold was a pair of Disorient hoops, to a couple who also purchased a classic pair of 1920s drop earrings.
"I think that there will be people who find Amy Burton Fine Jewellery via Hancocks and vice versa. The fact that it's all handcrafted gives it that timeless aspect,fake oyster perpetual datejust, so even though it's not estate jewellery people still feel like they're investing in a piece that will, hopefully, be passed on for generations."
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CAW campaigning to bring in new memberships,fake rolex oyster perpetual datejust value
states, the Canadian Auto Workers Union is ramping up membership efforts in places like Woodstock.
'Right to work' states like Indiana and Michigan don't require union memberships for all workers in union shops, which helps lower labour costs.
Now the CAW is targeting the 7,000 employees at the Toyota plants in Woodstock and Cambridge, saying they should sign up for their own sake,rolex oyster perpetual datejust cost fake, and for the sake of the industry.
CAW organizer Bob Van Cleef says "Now the companies like Toyota and Honda, they're leading the downward spiral, they're trying to force the concessions on us, we have to negotiate to respond."
Toyota has fended of unionization drives since the 1980s, in part because full time employees earn about the same as unionized employees at the big three manufacturers Ford, General Motors and Chrysler about $34/hour.
But at the union drive on Thursday,rolex oyster perpetual datejust gold fake, cars were stopping and the CAW says union memberships cards were already filled out.
Some say uncertainty in the auto industry along with layoffs and closures at GM and Ford are part of the reason why there's more openness to the union.
In addition, Toyota has also introduced two tier pay, with new employees earning about $10/hour less than their co workers.
Van Cleef says "What we've been able do is mitigate some of the impact on the workers, the Detroit three is in a spiral,fake rolex oyster perpetual datejust, we understand that. We've sat down time and time again and found them real solutions and preserved more jobs, and we actually had a say in how it's going to impact the workers, but at Toyota they don't have that say whatsoever."
states, the Canadian Auto Workers Union is ramping up membership efforts in places like Woodstock.
'Right to work' states like Indiana and Michigan don't require union memberships for all workers in union shops, which helps lower labour costs.
Now the CAW is targeting the 7,000 employees at the Toyota plants in Woodstock and Cambridge, saying they should sign up for their own sake,rolex oyster perpetual datejust cost fake, and for the sake of the industry.
CAW organizer Bob Van Cleef says "Now the companies like Toyota and Honda, they're leading the downward spiral, they're trying to force the concessions on us, we have to negotiate to respond."
Toyota has fended of unionization drives since the 1980s, in part because full time employees earn about the same as unionized employees at the big three manufacturers Ford, General Motors and Chrysler about $34/hour.
But at the union drive on Thursday,rolex oyster perpetual datejust gold fake, cars were stopping and the CAW says union memberships cards were already filled out.
Some say uncertainty in the auto industry along with layoffs and closures at GM and Ford are part of the reason why there's more openness to the union.
In addition, Toyota has also introduced two tier pay, with new employees earning about $10/hour less than their co workers.
Van Cleef says "What we've been able do is mitigate some of the impact on the workers, the Detroit three is in a spiral,fake rolex oyster perpetual datejust, we understand that. We've sat down time and time again and found them real solutions and preserved more jobs, and we actually had a say in how it's going to impact the workers, but at Toyota they don't have that say whatsoever."
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Celebrity photographer dies after collapsing on Gold Coast
A prominent Chicago photographer known for covering fashion shows, charity and society events and capturing celebrities on the red carpet died today after collapsing in front of a downtown hotel, officials said. Monday,replica van cleef long necklace, according to the Cook County medical examiner's office.
Starr had just had been dropped off at the corner of Michigan Avenue and Oak Street when he collapsed in front of the Drake Hotel, according to friends and the medical examiner's office. The cause of death is pending an autopsy scheduled for Tuesday.
"He had said to his friend, 'I don't feel well' and he collapsed," said Sheryl Dyer,replica van cleef rose gold necklace, a fan of Starr's who runs Van Cleef Arpels, a store inside the Drake Hotel.
"Someone ran in (my store)and said someone collapsed. I ran out and I said, 'Oh my God,replica van cleef zipper necklace, it's Steve Starr.'"
Dyer said a Good Samaritan started performing CPR until paramedics arrived and rushed him to Northwestern Memorial Hospital.
Starr, also an art deco expert, was gearing up for an exhibition next month that would have celebrated his studio's 45th year in business, according to friend Candace Jordan.
He planned on showcasing 400 images he shot of media personalities from around the world. Jordan said his friends still plan on holding the event, which will now be a celebration of his life.
"It was a shock to everyone who knew him,replica van cleef and arpels blue necklace," Jordan said. "God's going to have his own photographer now.".
A prominent Chicago photographer known for covering fashion shows, charity and society events and capturing celebrities on the red carpet died today after collapsing in front of a downtown hotel, officials said. Monday,replica van cleef long necklace, according to the Cook County medical examiner's office.
Starr had just had been dropped off at the corner of Michigan Avenue and Oak Street when he collapsed in front of the Drake Hotel, according to friends and the medical examiner's office. The cause of death is pending an autopsy scheduled for Tuesday.
"He had said to his friend, 'I don't feel well' and he collapsed," said Sheryl Dyer,replica van cleef rose gold necklace, a fan of Starr's who runs Van Cleef Arpels, a store inside the Drake Hotel.
"Someone ran in (my store)and said someone collapsed. I ran out and I said, 'Oh my God,replica van cleef zipper necklace, it's Steve Starr.'"
Dyer said a Good Samaritan started performing CPR until paramedics arrived and rushed him to Northwestern Memorial Hospital.
Starr, also an art deco expert, was gearing up for an exhibition next month that would have celebrated his studio's 45th year in business, according to friend Candace Jordan.
He planned on showcasing 400 images he shot of media personalities from around the world. Jordan said his friends still plan on holding the event, which will now be a celebration of his life.
"It was a shock to everyone who knew him,replica van cleef and arpels blue necklace," Jordan said. "God's going to have his own photographer now.".
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Diamond World Sees Treasure in Asia
SINGAPORE Flawless white or "colorless" diamonds may be the most sought after when it comes to engagement rings, but colored or "fancy" diamonds are far more rare and can be hugely more valuable. Where a one carat white diamond may cost from $3,000 to $10,000,arpels van cleef necklace replica, a pink,replica vca alhambra necklace, red or blue diamond of the same weight can easily sell for more than $1 million.
In November, Laurence Graff, the London based international jeweler, paid a record $46.1 million at Sotheby's Geneva for a ring featuring a 24.78 carat fancy intense pink diamond, equivalent to $1.86 million a carat. The record price for a blue diamond at auction, $1.4 million per carat, is held by the Bulgari Blue, which sold in October at Christie's in New York to an Asian buyer for $15.7 million.
The top price for a red diamond was hit in November 2007 with a 2.26 carat fancy purplish red diamond ring at Christie's Geneva, which sold for the equivalent of $1.18 million a carat.
Even relatively common yellow diamonds can outsell most whites. The top price per carat for a fancy vivid yellow diamond was achieved by a 13.83 carat marquise diamond, the Burden Yellow, which sold at Sotheby's New York in 1997 for $3.3 million, or $238,612 per carat.
Continue reading the main story
Putting the store in the hotel lobby of the Marina Bay Sands, Leviev is targeting international clients, of course, but in particular the wealthy Asians drawn to the hotel's casino.
Asian clients, particularly the Chinese, have become an important force in the market, both for jewelry stores and in the auction rooms, where they bid enthusiastically for high grade gemstones and jewelry, especially pieces featuring colored and large colorless diamonds.
Even if they do not always win, Chinese bidders have become regular contenders for the top diamond lots, said Rahul Kadakia, head of the jewelry department at Christie's New York, "and they're doing this in a very focused and educated manner."
"The Chinese like impressive stones and they're looking for perfection," he said by telephone. "You can show them a 100 carat yellow diamond that has some imperfection in purity or a 20 carat supervivid yellow flawless diamond. They'll go for the flawless diamond. They want to buy the best, and they're very savvy. They have educated themselves sale by sale, and they're buying very well."
Still, if vividly colored diamonds appeal to Asian tastes, the colorless whites are by no means neglected. Demand for diamonds in China rose 25 percent last year from a year earlier, according to the diamond producer De Beers, which last month announced an after tax profit of more than $600 million for 2010, after a loss of more than $30 million in 2009, buoyed by a recovery in diamond prices and strong demand from India and China.
China is now the second largest market for diamonds, after the United States, and it is likely to surpass the United States as the biggest diamond market in the world in the next decade, according to De Beers.
Recognizing this growing demand for glittering jewels,replica van cleef four leaf clover necklace, several high end jewelry companies are aggressively expanding in China.
Van Cleef Arpels added two outlets there last year, bringing its total to six. Laura Lai, the general manager for Van Cleef Arpels's in China, said in an e mail that two more stores were planned for the summer.
Tiffany Co. has announced a major focus in China, with plans to double its stores in the country to 30 in four to five years. home market.
Franois Delage, chief executive of De Beers Diamond Jewellers, a retailing joint venture with the French luxury goods company LVMH Mot Hennessy Louis Vuitton, said in an e mail that mainland Chinese clients were already regular clients in the company's stores in the region, as well as in Paris and London, favoring high quality designs and settings.
"We are planning to launch in China in 2011," he said, "and to open stores selectively in key Chinese cities after a first opening that we want in Beijing."
In the Leviev store in Singapore, a radiant cut, fancy vivid yellow green diamond, weighing 2.96 carats and mounted with two emerald cut fancy intense purplish pink diamonds, is on display with a price tag of 4.86 million Singapore dollars, or $3.8 million, while a 1.98 carat orange diamond is on offer for 4.78 million dollars.
A platinum ring set with a radiant cut, fancy red diamond weighing in at 1.16 carats, surrounded by eight petal shaped white diamonds totaling 8.53 carats, is priced at 5.36 million dollars.
With starting prices for smaller pieces set in the 300,000 to 500,000 dollar range, this is not a store where customers have to fight their way through the bargain hunting hordes. But it is not just a showcase, either. Billon Loo, senior sales executive at the store, said he had received a "very serious inquiry" from a Malaysian client about a huge, light pink diamond necklace mounted with multicolored diamonds, priced at 29.7 million dollars.
On April 6, Sotheby's Hong Kong plans to auction a pear shaped, fancy pink diamond ring that, excluding its clear diamonds, weighs 12.72 carats and carries an estimate of $3.2 million to $4.1 million. Also on auction will be an extremely rare 1.92 carat fancy VS2 red diamond ring, estimated at $2.5 million to $3 million, or about $1.3 million per carat.
Red diamonds of such size and clarity are extremely rare, and the auction house purposely chose to present it in Hong Kong because the auctioneers believed its auspicious red color would attract significant Chinese buyers, said Quek Chin Yeow, head of the jewelry department at Sotheby's Hong Kong.
"Asian buyers are quite picky about clarity and prefer the highest clarity," he said. "They also like big stones."
While mainland Chinese buyers accounted for about 2 percent of sales at jewelry auctions in Hong Kong three years ago, Mr. Quek said they now account for more than 20 percent of sales. "And I'm sure other auction houses will have seen a similar pattern," he added. He said Sotheby's expected the trend to continue and the share of Chinese buyers to rise "a fair bit.""Most of our clients are now looking to offer their stones in Hong Kong,replica magic alhambra necklace, because that's where the buyers are," Mr. Quek said, "and the window of opportunity is slightly larger than in Geneva, because here we will bring the diamond around the region in previews."
SINGAPORE Flawless white or "colorless" diamonds may be the most sought after when it comes to engagement rings, but colored or "fancy" diamonds are far more rare and can be hugely more valuable. Where a one carat white diamond may cost from $3,000 to $10,000,arpels van cleef necklace replica, a pink,replica vca alhambra necklace, red or blue diamond of the same weight can easily sell for more than $1 million.
In November, Laurence Graff, the London based international jeweler, paid a record $46.1 million at Sotheby's Geneva for a ring featuring a 24.78 carat fancy intense pink diamond, equivalent to $1.86 million a carat. The record price for a blue diamond at auction, $1.4 million per carat, is held by the Bulgari Blue, which sold in October at Christie's in New York to an Asian buyer for $15.7 million.
The top price for a red diamond was hit in November 2007 with a 2.26 carat fancy purplish red diamond ring at Christie's Geneva, which sold for the equivalent of $1.18 million a carat.
Even relatively common yellow diamonds can outsell most whites. The top price per carat for a fancy vivid yellow diamond was achieved by a 13.83 carat marquise diamond, the Burden Yellow, which sold at Sotheby's New York in 1997 for $3.3 million, or $238,612 per carat.
Continue reading the main story
Putting the store in the hotel lobby of the Marina Bay Sands, Leviev is targeting international clients, of course, but in particular the wealthy Asians drawn to the hotel's casino.
Asian clients, particularly the Chinese, have become an important force in the market, both for jewelry stores and in the auction rooms, where they bid enthusiastically for high grade gemstones and jewelry, especially pieces featuring colored and large colorless diamonds.
Even if they do not always win, Chinese bidders have become regular contenders for the top diamond lots, said Rahul Kadakia, head of the jewelry department at Christie's New York, "and they're doing this in a very focused and educated manner."
"The Chinese like impressive stones and they're looking for perfection," he said by telephone. "You can show them a 100 carat yellow diamond that has some imperfection in purity or a 20 carat supervivid yellow flawless diamond. They'll go for the flawless diamond. They want to buy the best, and they're very savvy. They have educated themselves sale by sale, and they're buying very well."
Still, if vividly colored diamonds appeal to Asian tastes, the colorless whites are by no means neglected. Demand for diamonds in China rose 25 percent last year from a year earlier, according to the diamond producer De Beers, which last month announced an after tax profit of more than $600 million for 2010, after a loss of more than $30 million in 2009, buoyed by a recovery in diamond prices and strong demand from India and China.
China is now the second largest market for diamonds, after the United States, and it is likely to surpass the United States as the biggest diamond market in the world in the next decade, according to De Beers.
Recognizing this growing demand for glittering jewels,replica van cleef four leaf clover necklace, several high end jewelry companies are aggressively expanding in China.
Van Cleef Arpels added two outlets there last year, bringing its total to six. Laura Lai, the general manager for Van Cleef Arpels's in China, said in an e mail that two more stores were planned for the summer.
Tiffany Co. has announced a major focus in China, with plans to double its stores in the country to 30 in four to five years. home market.
Franois Delage, chief executive of De Beers Diamond Jewellers, a retailing joint venture with the French luxury goods company LVMH Mot Hennessy Louis Vuitton, said in an e mail that mainland Chinese clients were already regular clients in the company's stores in the region, as well as in Paris and London, favoring high quality designs and settings.
"We are planning to launch in China in 2011," he said, "and to open stores selectively in key Chinese cities after a first opening that we want in Beijing."
In the Leviev store in Singapore, a radiant cut, fancy vivid yellow green diamond, weighing 2.96 carats and mounted with two emerald cut fancy intense purplish pink diamonds, is on display with a price tag of 4.86 million Singapore dollars, or $3.8 million, while a 1.98 carat orange diamond is on offer for 4.78 million dollars.
A platinum ring set with a radiant cut, fancy red diamond weighing in at 1.16 carats, surrounded by eight petal shaped white diamonds totaling 8.53 carats, is priced at 5.36 million dollars.
With starting prices for smaller pieces set in the 300,000 to 500,000 dollar range, this is not a store where customers have to fight their way through the bargain hunting hordes. But it is not just a showcase, either. Billon Loo, senior sales executive at the store, said he had received a "very serious inquiry" from a Malaysian client about a huge, light pink diamond necklace mounted with multicolored diamonds, priced at 29.7 million dollars.
On April 6, Sotheby's Hong Kong plans to auction a pear shaped, fancy pink diamond ring that, excluding its clear diamonds, weighs 12.72 carats and carries an estimate of $3.2 million to $4.1 million. Also on auction will be an extremely rare 1.92 carat fancy VS2 red diamond ring, estimated at $2.5 million to $3 million, or about $1.3 million per carat.
Red diamonds of such size and clarity are extremely rare, and the auction house purposely chose to present it in Hong Kong because the auctioneers believed its auspicious red color would attract significant Chinese buyers, said Quek Chin Yeow, head of the jewelry department at Sotheby's Hong Kong.
"Asian buyers are quite picky about clarity and prefer the highest clarity," he said. "They also like big stones."
While mainland Chinese buyers accounted for about 2 percent of sales at jewelry auctions in Hong Kong three years ago, Mr. Quek said they now account for more than 20 percent of sales. "And I'm sure other auction houses will have seen a similar pattern," he added. He said Sotheby's expected the trend to continue and the share of Chinese buyers to rise "a fair bit.""Most of our clients are now looking to offer their stones in Hong Kong,replica magic alhambra necklace, because that's where the buyers are," Mr. Quek said, "and the window of opportunity is slightly larger than in Geneva, because here we will bring the diamond around the region in previews."
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Craddock was in group eight,replica van cleef necklace wholesale, scoring 3 0 whitewashes over Alix Tempo and Christophe Snyders. The result was reversed against Carlo van Cleef in the last 64.
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Scott Baker reached the group four final, the round of 32, but was beaten 3 1 by Martin Phillips. He had prevailed three times to get there.
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Carroll reached the last 16 as the pick of the bunch in Group Seven,replica tiffany s necklace, after a bye past the last 256. He defeated Marc Wauters (3 0), Tony Bradley (3 2) and Maikel Verberk (3 1).
Baker was on a tear out of Group 12,replica van cleef necklace clover, with three out of four successes by whitewash. He beat Lionel Maranhao 3 1 to go with verdicts over Jessy Villiers, Fabian Theeten and Ken Smeets.
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