Jewelry Industry & People: June 2015

COMINGS AND GOINGS

>>?Scott Kay has announced new hires, Bruce Lake and Cathy Marsh, for the company’s newly created regional sales team. Lake has worked with Rolex, David Yurman, and Hearts On Fire. Marsh is a Scott Kay veteran returning to the company after having held positions with Tacori, David Yurman, and TAG Heuer.

Anisa Costa

>>?Tiffany & Co. has appointed Anisa Costa to the newly created position of chief sustainability officer. Costa ­previously served as Tiffany’s vice president, global sustainability and corporate responsibility. She will retain her position as chairman and president of the Tiffany & Co. Foundation.

>>?Marc Metrick has been appointed president of Saks Fifth Avenue, replacing Marigay McKee, who is leaving the post after a little more than a year. Metrick is the executive vice president and chief administrative officer of Hudson’s Bay Co., which bought Saks in 2013. He spent the first 15 years of his career at Saks, ultimately becoming its chief strategy officer, before joining HBC in 2012. 

>>?Kendra Bridelle has joined Thomas Sabo as director of wholesale as the brand prepares for a U.S. launch. Bridelle was co-owner of LusciousS by Kendra Bridelle and Kendra Bridelle International. She will work for U.S. managing director Erwin Weiser.

Terri Eagle

>>?Jewelry and furniture designer Michael Aram Inc. has appointed Terri Eagle to the position of president and CEO. Eagle has served as president and CEO of John Hardy and interior company F. Schumacher & Co. and was chief operating officer of David Yurman.

>>?Ashi Diamonds has appointed Douglas Diamond sales representative and marketing consultant for the Midwest. He has 25 years of experience in the industry, and was most recently sales manager for Pandora.

>>?Ashish Deo, who was appointed head of the Responsible Jewellery Council last June, has left the group. The new head of the organization will hold an executive director title, as opposed to CEO, and will work with long-serving chief operating officer Catherine Sproule. The group is also seeking a standards director, as Fiona Solomon, longtime director of standards development, left in March to become executive director of the Aluminum Stewardship Initiative.

>>?Bonhams has made four new hires to its global jewelry department: Dana Ehrman is the new director of fine jewelry in Los Angeles. Caroline Bostock has been named senior specialist in the jewelry department and will be based in New York City. Claire-Laurence Mestrallet joins the international jewelry team in Geneva. Ellen Sin will be the director of jewelry and jadeite for Bonhams Hong Kong.

>>?Tourneau has named Katherine Bahamonde Monasebian chief marketing officer. She was most recently CMO and executive vice president of e-commerce at C. Wonder.

>>?Lloyd Berger has been named executive director of sales and acquisitions at A. Link, the New York City diamond jewelry company. Berger spent 18 years at Honora, where he was most recently the senior national sales director.

FINANCIAL

>>?The RealReal, the luxury consignment company, has raised $40 million in Series D funding, bringing the company’s total funding to $83 million.

>>?Mumbai, India–based IndusInd Bank Ltd. has purchased ABN Amro’s Indian diamond and jewelry ­lending portfolio from the Royal Bank of Scotland. The portfolio, which totals 45 billion rupees (approximately $721 million), will be run in partnership with ABN Amro.

>>?Antwerp Diamond Bank gave clients a two-month extension on its April 30 deadline to close accounts; they have until June 30 to transfer to a new bank.

LEGAL

>>?Mark J. Yannone, owner of Mark Joseph Jewelers in Pittsfield, Mass., pleaded guilty on March 30 to a variety of counts involving taking jewelry from consumers and not returning it. He was sentenced to up to five years in prison.

OPENINGS

Roberto Coin Pois Moi jewelry

>>?Shinola will take over nearly 5,000 square feet of prime retail space on the waterfront in the DUMBO neighborhood in Brooklyn, N.Y. It will be the brand’s second New York City store.

>>?Roberto Coin is opening a boutique—his ninth U.S. store—in the Miami Design District.

COMPANIES

>>?SimplexDiam Inc. has been named the winning bidder of the jewelry inventory in the bankruptcy auction of Canadian jewelry manufacturer ­Martin Ross Group. The inventory’s total wholesale value exceeds $11 million.

REMEMBERED

>>?Michael Cohen, who served as general manager of the Israel Diamond Exchange for more than 25 years and helped shape it into a global force, died April 19 at age 97.

>>?Walter David, former president of W.B. David, a onetime De Beers sightholder and prominent New York City diamond company, died April 12 at 71.

ONLINE

>>?London-based luxury online retailer Net-A-Porter and Milan-based luxury online retailer Yoox Group will merge to become the Yoox Net-A-Porter Group. Current owner Richemont retains an ownership interest.