Mouawad’s L’Incomparable Sets Guiness Record for Most Valuable Necklace

L’Incomparable World's Most Valuable Necklace.

Guinness World Records has named Mouawad’s L’Incomparable diamond necklace as the world’s most valuable necklace, according to media reports. The 637-ct. necklace is valued at $55 million.

The statement gem on the 18k gold necklace is the 407.48-ct. “Incomparable” diamond. The natural fancy deep-yellow shield step‐cut diamond is the largest internally flawless diamond ever graded by the Gemological Institute of America.

The remainder of the necklace consists of 35 round diamonds, 27 pear-shaped diamonds, nine heart-shaped diamonds, five emerald-cut diamonds, five cushion diamonds, four oval diamonds, three Asscher-cut diamonds and two radiant diamonds.

As previously reported, the luxury jewelry and timepiece company unveiled the diamond necklace at the Doha Jewellery and Watch Exhibition, which was held February 25 – March 3. It is the fourth Guinness World Record the company has earned.

In its rough state, the diamond weighed 890 carats. It was first made public in its polished state in 1984. It was then put on display in several museums, with the first being the Smithsonian Institute.  

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Tag Heuer Carrera Watch Celebrates 50 Years with its Creator, Jack Heuer

Jack Heuer

The Carrera chronograph is one of the most successful watch lines ever released by Tag Heuer, which has produced more than its share of successful timepieces. The creator of the Carrera, Jack Heuer, was in New York Thursday to help the Swiss watch brand celebrate the 50-year anniversary of the iconic watch.

Jack Heuer, honorary chairman of Tag Heuer and the great grandson of founder Edouard Heuer, spoke for about 10 minutes discussing how the watch came about, the inspiration behind the name, the celebrity endorsements and what the Carrera has meant to his career and to Tag Heuer. His talk combined business and design strategy and personal reminiscing.

“I’ve been a product man all of my life. That’s the thing I love most. I made many, many products both in my watchmaking career and in my later career,” he said. “But here I stand a few weeks or months before I retire and I’m really a bit proud to have contributed to a product that has lasted 50 years.”

Below is Jack Heuer’s presentation at the Highline Stages.



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G &G Creations Wins ‘Future of Design’ Competition

G &G Creations Love Collection

Jewelry design firm, G &G Creations, was named the winner of a jewelry industry’s career-building competition: Future of Design.

The winners were announced March 12, after finalists made a live “Shark Tank”-like presentation to a panel of judges and an audience of industry VIPs, press and fellow designers.

“We are overwhelmed and so proud,” said winning designer Vahe Ghazarhian on behalf of his team. “We have been working on our application for a very long time and we used all the feedback and advice we’ve gotten since last year’s contest when we were a semi-finalist. We have improved every aspect of our business since last year to better align our efforts with our potential.”

The Future of Design contest is a business incubator competition that nurtures emerging design talent in the fine jewelry industry. It is unique in both the extent of the prize package it provides and that it puts the designers’ business acumen on an equal footing with his or her design talent. It was created in 2012 by Cindy Edelstein of the Jeweler’s Resource Bureau and Andrea Hill of StrategyWerx.

The contest was judged live at MJSA Expo New York by Edelstein, Hill, Hedda Schupak, editor of the Centurion Newsletter, and Ann Arnold, president/CEO of Lieberfarb. An additional judge who had been actively involved in the judging process up to this point, Bruce Pucciarello, owner of Novell Design Studio, couldn’t be present at the live event but his opinions were factored into the decision.

The winners of the Future of Design Competition with the judges.

"The judging was one of the most challenging tasks I've ever faced," said Edelstein. "The margin of difference between the three finalists was paper thin but in the end the judges felt that G&G Creations had the most powerful mix of amazing product design, agile business practices and marketability. They will become an important contribution to the fine jewelry community."

As the winner, G&G Creations will receive business services and support from a variety of industry organizations that have come together in their support of the next generation of jewelry designers. 

The live finale included 10-minute presentations by all three finalists, including runners-up Lisa Adkinson of Lisa Robin Jewelry, and Suneera Swarup of Suneera Fine Jewelry Design. Each designer was tasked with making a final pitch to the judging panel that explained their work, inspiration and plans for the future. Panelists and audience members, including competition “dream team” members Robert Lee Morris, Penny Preville and Lisa Jenks probed further into each designer’s vision with tough questions about manufacturing, retailers, marketing and price points.

While G&G Creations was named the winner, co-creator Andrea Hill noted that all three finalists will receive help in the coming months. “We have a deep commitment to the three finalists. We feel strongly that everyone who entered this contest should benefit somehow,” Hill said. “All designers receive a 5-7 page analysis and recommendations report regarding their application. We are trying to help a wide swatch of designers grow stronger businesses.”

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JNA Awards Adds Five Categories

Jewellery News Asia has expanded the list of categories for the second edition of its JNA Awards.

At a recently held press conference, JNA announced that the 2013 Awards will be bestowed across 16 categories, compared to 11 in its inaugural edition last year.

The JNA Awards recognizes and honors excellence and innovation in the jewelry industry, with a focus on companies and individuals that have made significant contributions to the trade in Asia.

The current list of awards categories for 2013 is as follows:

* Brand of the Year - Retail
* Employer of the Year
* Industry Innovation of the Year - Manufacturing - Business
* Industry Innovation of the Year - Manufacturing - Technology
* Manufacturer of the Year - Diamond Cutting and Polishing
* Manufacturer of the Year - Colored Gemstone Cutting & Polishing
* Manufacturer of the Year - Gem-set Jewellery
* Manufacturer of the Year - Precious Metal Only Jewellery
* Retailer of the Year
* E-tailer of the Year
* Outstanding Enterprise of the year - Mainland China
* Outstanding Enterprise of the year - India
* Outstanding Contribution of the year
* Store design of the Year
* Sustainability Initiative of the Year
* Young Entrepreneur of the Year

Companies and individuals may submit entries on behalf of themselves or others from mid-March to mid-May. The first stage of the judging process will begin in mid-May and end in mid-June. On 20 June the honorees or shortlisted candidates will be announced. The honorees and recipients will be feted at a gala dinner and presentation ceremony at the Grand Hyatt Hong Kong on  September 12 during the September Hong Kong Jewellery & Gem Fair 2013.

The launch event was hosted by Wolfram Diener, senior VP of UBM Asia Ltd; Letitia Chow, founder of JNA and director of Business Development - Jewellery Group at UBM Asia; and representatives of the awards' headline partners, including Rita Maltez, manager Greater China Representative Office, Diamonds Sales and Marketing at Rio Tinto Diamonds; and Kent Wong, managing director of Chow Tai Fook Jewellery Group Limited.

The JNA Awards 2013 is led by Rio Tinto Diamonds and Chow Tai Fook as Headline Partners, with Gubelin, Israel Diamond Institute, KARP Group, Robert Wan Tahiti and the Shanghai Diamond Exchange as Honored Partners. An international group of prominent industry experts will form the judging panel.

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Mila Kunis and Jewelry Designers Launch Gemfields Bespoke Colored Gemstone Jewelry Collection

Mila Kunis takes center stage among jewelry designers at Gemfields event.

Actress Mila Kunis joined a group of fine jewelry designers to help launch a bespoke jewelry collection created with emeralds, rubies and amethysts provided by Gemfields, a colored gemstone miner and marketer.

The jewelry collection was unveiled at the Phillips Auction House in London. It was created by 36 jewelry designers that partner with the London-based company and primarily consist of Zambian emeralds, Mozambican rubies and Zambian amethysts. The jewelry ranges in price from $1,130 to $750,000.

Many of the designers who created the jewelry were at the launch, including Theo Fennell, Stephen Webster, Shaun Leane, Dickson Yewn and Alexandra Mor. They shared the spotlight with Kunis and celebrities from the U.K. and India, including Jacquetta Wheeler, Kamika Kapoor and Nina Naustdal.

To coincide with the launch of this project, Gemfields presented its new global advertising campaign featuring Kunis wearing ethically sourced Zambian emeralds and Mozambican rubies shot by Mario Sorrenti in Los Angeles.

This jewelry showcase will travel to India next and then to Las Vegas where it will be displayed at the Couture show in May. 

Gemfields first announced its relationship with Kunis and the new advertising campaign about a month ago. The company first disclosed its partnership with the jewelry designers in the fall of last year.

The campaign focuses on emerald jewelry, which coincides with Gemfields main business: the mining and marketing of emeralds from the Kagem mine in Zambia, which it has a 75 percent stake in. The same mine also produces amethysts. It is working to produce a mine-to-market strategy for their emeralds that it says will be ethical, transparent and sustainable.

The company also owns a 75 percent stake in the Montepuez ruby mine in Mozambique and the Kariba amethyst mine in Zambia.

If that’s not enough, in January Gemfields finalized its ownership of iconic Russian luxury jewelry brand, Fabergé, which receives a supply of the company’s best colored gemstones.

Earlier this month, the company released a bit of bad news in its half-year financial report, saying that core earnings fell 39 percent as it held just one auction during the period compared with two in the prior year. But production climbed by two-thirds.

Production rose about 65 percent to 14.5 million carats in the first half, mainly on higher grades recovered at its Kagem mine in Zambia. Earnings before interest, tax, depreciation and amortization fell to $19.5 million for the six months to December 31, from $32.2mn a year earlier.

Revenue from rough and finished emerald sales decreased 39 percent to $27.7 million.

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Updated: Napoleon’s Engagement Ring to Joséphine is up for Auction

Napoleon Bonaparte was one of the world’s fiercest warriors but he also had a flair for romance. 

In 1796, as a symbol of his love for his wife-to-be Joséphine, he presented her with a diamond and sapphire engagement ring. This same ring will be up for bid March 24 at the Osenat auction house in Fontainebleau, France. It is estimated to fetch $13,000 to $20,000.

The gold ring, with an origin listed as 18th Century, is adorned with two pear-shaped stones (also described as “tear shaped” in media reports), a blue sapphire and diamond that rest side by side facing opposite directions. The carat-weight of the two gems was not provided by the auction house.

Updated information:  The carat-weight of each gem is approximately one carat each, said Jean Christophe Chatignier, a partner with the auction house, who responded to my e-mail Monday morning.

Empress Joséphine was 32 years old, six years older than Napoleon, was a widow with one son at the time of their marriage on March 9, 1796, just before Napoleon departed for his Italian command, according to the auction house.

The ring is from the collection of Emperor Napoleon III and Empress Eugenie, according to the auction house. Napoleon III, the last monarch of France, was the nephew and heir of Napoleon.

Empress Joséphine did not produce an heir, although Napoleon formally adopted her son Eugène and cousin Stéphanie. Napoleon chose to divorce Joséphine so he could remarry for an heir. In March 1810, he married Marie Louise, Archduchess of Austria. The couple had one child, Napoleon Francis Joseph Charles. He became Napoleon II in 1814 and reigned for only two weeks. He was given the title of the Duke of Reichstadt in 1818 and died of tuberculosis in 1832 at the age of 21, with no children.

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Graff to Unveil 120-Carat, $100 Million Colored Diamond Peacock Brooch

Graff Peacock made with 120.81 carats of colored and colorless diamonds.

Graff Diamonds will unveil a $100 million diamond peacock brooch Friday at the TEFAF art fair in Maastricht, Netherlands. A total of 120.81 carats of colored diamonds adorn the brooch, which measures a little over 10cm in height (about 4 inches).

At the center of the brooch is a 20.02-carat fancy deep blue pear shape diamond, one of the rarest blue diamonds in the world, according to the luxury diamond jewelry company. It is surrounded by white and colored Graff diamonds—set by master craftsmen at Graff’s London workshop. The peacock’s tail feathers are set with various-sized fancy white, yellow, blue and orange diamonds. The tip of each feather is adorned with white diamonds in a flowery bloom.

The piece has a clasp in the rear that allows for the blue diamond centerpiece to be removed and worn separately.

In myth and legend the peacock has long carried portents of nobility, guidance and good luck. This colorful diamond peacock also provides beautiful adornment.

The TEFAF Maastricht art fair opens Friday and runs till March 24.

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