10 Things Rocking the Industry: July–August 2015

1. LawsAfter the Supreme Court ruled on June 26 that same-sex marriages are legal, the jewelry industry flooded social media with photos of rainbow-hued jewels (#LoveWins). “Same-sex marriages will be a much larger pillar of the wedding industry than ever before,” says New York City designer and longtime ­marriage equality supporter Rony Tennenbaum. “It is now a niche that cannot be ignored.” Wall Street agreed: Tiffany & Co., Blue Nile, and Signet all received stock bumps after the ruling. 2. AuctionsThe Burmese Sunrise ruby, set in a Cartier-designed ring between 2.47 and 2.7 ct. shield-shape diamondsIt’s not just diamonds that are raising the roof at ­auctions: On May 13, the 25.59 ct. Burmese Sunrise ruby sold for $30.3 million at Sotheby’s Geneva—far outpacing its $12 million–$18 million estimate and setting a record not just for a ruby but for any non-dia

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