Thursday, April 15, 2010

A Storied Name in Jewelry Makes a Comeback

source : nytimes.com
By JULIA WERDIGIER
Published: September 9, 2009

The Firebird Brooch
A firebird brooch from the Fabergé jewelry collection.

LONDON — Fabergé, jeweler to the last Russian czar and creator of the legendary Imperial Easter eggs, made a comeback of sorts Wednesday when it presented its first jewelry collection in more than 90 years, even as other luxury goods makers are bracing for a tough year.
The collection is the result of a two-year effort by Fabergé’s owners, a group of investors led by the British private-equity firm Pallinghurst Resources, to revive the brand by reuniting it with two heirs of the Fabergé family.
The firm also assembled a management and design team that includes Mark Dunhill, former president of Alfred Dunhill, a leather and accessories maker owned by the Swiss luxury goods company Richemont, and Frédéric Zaavy, an avant-garde Parisian jeweler. ...

By choice or not, jewelers fall off brand-wagon

source : nationaljewelernetwork.com
By Michelle Graff
April 15, 2010

'Beloved' ringHearts on Fire says it is renewing its focus on bridal pieces, like this "Beloved" ring, featuring a 0.75-carat center stone and 0.37- to 0.47-carat side stones; setting retails for $2,650.


New York--In a month known for hearts and cupid's arrows, some of the industry's biggest brands weren't showing recession-battered retailers any love.

In February, both diamond company Hearts on Fire and the Richemont Group-owned Cartier acknowledged they were severing ties with under-performing retailers, and both cited essentially the same reason: They wanted to maximize their brand's potential by partnering only with those retailers who really know how to push their product.

Stories detailing these divorces blew up online at NationalJeweler.com, remaining on the site's top-viewed list for weeks. But was the frenzy whipped up by the jewelers directly impacted or by the love-hate relationship jewelers often harbor when it comes to their favorite brands? Longtime retailers and industry observers suggest the latter. ...