Jewelry Industry & People: July–August 2013

ACQUISITIONS>>?Luxury group Kering (formerly PPR) has acquired a majority stake in the Italian jewelry firm Pomellato. Andrea Morante will remain CEO of Pomellato.>>?Hermès has purchased a majority stake in Joseph Erard, a 125-year-old Swiss company that makes watch box cases. It previously held a minority stake in the business.>>Canadian private equity fund Onex has purchased Nielsen Expositions, owner of the JA Show, Couture show, National Jeweler, and other properties, for $950 million. COMING AND GOINGS>>?The Cultured Pearl Association of America elected a new board during the 2013 JCK Las Vegas show. Peter Bazar, president of Imperial Pearl, was elected president; Aziz Basalely, president of Eliko Pearl, vice president; Jack Lynch, president of Sea Hunt Pearls, treasurer; and Anil Maloo, president of Baggins, secretary.>>?Dominion Diamond Corp. (f

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