January 2012

Tuesday, January 10, 2012

Last month the jewelry of the late screen legend Elizabeth Taylor fetched 137 million dollars at a Christie’s auction. The highest price for any item was 11.8 million dollars for the “La Peregrina”, a pearl necklace designed by Cartier, which husband Richard Burton gave Taylor in 1969. The pre-auction estimate for that piece was 2 – 3 million dollars. At the same time analysts from the Consumer Electronics Association projected that sales of consumer electronic devices may have approached 1 trillion dollars in 2011.

There is a real and growing concern in the jewelry industry that young people today are losing interest in luxury items like jewelry and instead opting for the latest smartphone or tablet. Although anyone who knows me can tell you how uncomfortable I am with any form of technology, even I realize the power and benefits of these electronic devices. These items have transformed the way we run our businesses and live our lives. Their importance cannot be overstated.

But when it comes to finding that perfect gift for that special person nothing can compare to the ultimate gift of love, a beautiful piece of fine jewelry. The brilliance of a dazzling diamond, the intensity of a vivid colored gem, the look of awe in her eye when she opens that tiny box is absolutely priceless. A stunning piece of jewelry  is something she can wear and cherish for years to come, and be passed down for generations and generations. You definitely can’t say that about last years iphone!