06282017Wed
Last updateTue, 27 Jun 2017 9pm

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Tiffany loses appeal on $450M Swatch ruling

 

Tiffany HK Store

RAPAPORT... A Dutch court upheld a 2013 ruling ordering Tiffany & Co. to pay Swatch Group $450 million (CHF 402.7 million) in damages from their failed joint watch venture, Tiffany reported. 

The two companies established a partnership in December 2007 to produce and market watches under the Tiffanybrand, but the deal ended in a bitter and expensive court battle. Swatch sued Tiffany in December 2011 for breach of contract, prompting Tiffany to countersue a few months later. Swatch ultimately won the arbitration before a panel of judges in December 2013. 


Ohio jeweler shot in brazen robbery

Bullet hits watch, forearm, bicep bullet hits watch myfox8

AKRON, Ohio -- It took less than fifteen seconds. Three men stormed into an Akron jewelry store, shot an employee and got away with expensive watches.

Surveillance cameras captured the moment three men burst into Sam's Jewelry Emporium on East Exchange Street in Akron just before 8:00 p.m. last Thursday.

One man was waving a gun, another broke the front case with an ax.

They stole tens of thousands of dollars worth of high-end Swiss watches before the gunman fired a shot and they ran out of the store twelve seconds later.

Veteran South Carolina jeweler dies at 75

Bill Roof 1941 - 2017 

Roof MayWilliam “Bill” Roof passed away suddenly on March 10, 2017 in Columbia, SC.  Roof was the second generation owner of Roof Jewelers, which was founded in 1943.

Bill was a self-taught watchmaker and jeweler with a natural gift for sales. He never met a stranger and would say with a smile “never mind what they want - sell ‘em what you’ve got.” Bill is survived by Pat, his wife of 56 years along with sons William and Patrick, (third generation owners) their wives and six grandchildren.

The SJG Smart Business Report

SJG May fSponsored content from the Southern Jewelers Guild

“Vegas is the answer … no matter the question” ~ Anonymous

As everyone in our industry knows, this time of year all roads lead to Las Vegas! With no less than 9 shows happening near the same dates, it stands to reason that you’ll be able to find everything you need and more in Las Vegas during Market Week.

PGI takes a look at breathtaking and iconic platinum engagement rings

Royalty and Hollywood celebrities are known for gifting their betrothed with the most opulent and exquisite platinum engagement rings. From Queen Elizabeth’s solitaire diamond to Elizabeth Taylor’s 29.4-carat diamond, these baubles were all set in platinum, a highly secure setting for their valuable diamonds. Below please find anecdotes behind a few of the most iconic rings that stand the test of time, and influence engagement ring designs today.

Queen Elizabeth II’s elegant ring from Prince Philip is a platinum band with a 3-carat solitaire diamond and five smaller diamonds on each side. The diamonds for her ring have a special history: They came from a tiara belonging to Philip’s mother, Princess Andrew of Greece. Her Majesty has worn her timeless platinum engagement ring for over 70 years.

Prince Rainier III of Monaco originally proposed to actress Grace Kelly with an eternity band of rubies and diamonds. When he saw that other celebrities were wearing larger diamond rings, he purchased a 10.5-carat emerald-cut diamond flanked by two baguettes, set in platinum.

PGI Elizabeth PGI Kelly
PGI Elizabeth similar PGI Kelly similar
   

Joe DiMaggio gifted Marilyn Monroe a platinum eternity band, complete with 35 baguette-cut diamonds on their wedding day, which ultimately became known as her wedding band.

Mike Todd gifted jewelry collector Elizabeth Taylor with a 29.4-carat emerald-cut diamond set in platinum, which Elizabeth reportedly referred to as her “ice skating rink.”

 PGI Monroe

 PGI Taylor
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Learn more about all things platinum, visit Platinum Guild Internation online at www.PlatinumJewelry.com.

 

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