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News briefs

Diamonds, Tesla, resale value and Tamara Mellon – News briefs

June 10, 2016

Hermès handbags Hermès handbags

 

By Staff reports

Today in luxury marketing:

The ungraspable value of the world's largest diamond
On a recent Saturday afternoon, visitors wandered through Sotheby’s, on the Upper East Side, to inspect articles featured in this season’s auctions. On the ground floor, they could inquire about a bottle of Château Mouton Rothschild 1945 from the wine cellar of the businessman William Koch. In the exhibition halls upstairs, a Mayan classical-period stucco head was on display, as were a collection of Signacs and two diminutive Francis Bacon self-portraits. And, on the sixth floor, in a small room outside the jewelry section, surrounded by images of the cosmos and encased in glass, a truly unusual object was rotating atop a velvet-covered pedestal: the Lesedi La Rona, the biggest diamond in the world. At eleven hundred and nine carats, the stone was about the size of a fist. Its skin was opaque in places, but certain angles offered brief, clear glimpses into the depths of the crystal: a tightly woven, perfectly symmetrical carbon lattice, says The New Yorker.

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  1. Hublot nods to tennis champion Novak Djokovic with custom chronograph
  2. Louis Vuitton opens applications for biennial Watch Prize
  3. EssilorLuxottica establishes Inclusion Committee
  4. Home office boom fading in favor of living room, kitchen refurbs: 1stDibs
  5. Roche Bobois furnishes boutique resort in Turks and Caicos
  6. Off the Cuff: A Q&A with Steinway & Sons' Ben Steiner
  7. Luxury Unfiltered: Hermès and Patek Philippe prove trust is the true luxury
  8. Women now represent 13pc of global billionaire class: Altrata
  9. Luxury Unfiltered: Crisis or opportunity? Why luxury brands must focus on strategy, not fear
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