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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 signs Jung Kook of BTS
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  3. Ruinart welcomes 2026 art series partner
  4. Men spend more on luxury, but shop the same amount as women: report
  5. The Ritz-Carlton New York, Central Park, acquired by Gencom
  6. With ‘Fireflies,’ Valentino finds power in numbers
  7. Turning 125, Nordstrom doubles down on luxury brands, loyalty
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  10. Year-end sales jump 9pc at Hermès
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