Tiffany & Co. marks it 175th anniversary this year by resetting the company’s icon -—the 128.54-carat Tiffany Diamond— in a spectacular diamond and platinum necklace. This legendary stone will take part in anniversary events in Tokyo, Beijing and Dubai, returning home to New York City, where Tiffany was founded in 1837.
The Tiffany Diamond
is one of the world’s largest and finest fancy yellow diamonds.
Tiffany’s own jewelry designers submitted innovative ideas and concepts
for the new setting, and the result perfectly reflects their efforts.
Skilled artisans meticulously hand-cut and set each diamond in the new
modern, fluid design that rests lightly on the neckline, radiating light
and energy with every movement. Over a year in the making, the elegant
necklace of white diamonds totals over 120 carats and features 20
Lucida® diamonds and 58 brilliant-cut diamonds. The Diamond’s mounting,
an openwork motif of sun rays, is designed with 481 sparkling stones.
the Tiffany Diamond represents a commitment to the future and design
innovation,” said Jon King, the executive vice president of Tiffany
& Co. “The diamond is the most important gemstone in the world and
honors the vision of our founder, whose acquisition of the stone
established Tiffany’s diamond heritage.”
The diamond’s origin
dates back to 1877 from the Kimberley diamond mines in South Africa. At
287.42 carats, the original rough stone was acquired the following year
by founder Charles Lewis Tiffany and helped to solidify him as the “King
of Diamonds” and made his enterprise the world’s diamond authority.
rough stone was brought to Paris, where Tiffany’s chief gemologist, Dr.
George Frederick Kunz, supervised the cutting of the diamond into a
cushion-shape brilliant weighing 128.54 carats with an unprecedented 82
facets — 24 more facets than the traditional 58-facet brilliant cut. The
stone is just over an inch wide and seven-eighths of an inch from top
to bottom. Cut to enhance its radiant color rather than size, the
diamond sparkles as if lit by an inner flame.
The Tiffany Diamond
was the highlight of the jeweler’s award-winning exhibits at the 1893
World’s Colombian Exposition in Chicago; the 1901 Pan-American
Exposition in Buffalo, New York; the 1933-34 Century of Progress in
Chicago; and the 1939–40 World’s Fair in New York City. Later
appearances included the 2006 Bejewelled by Tiffany exhibition at
Somerset House in London, and an exhibition celebrating the National Gem
Collection at the Smithsonian’s National Museum of Natural History.
Diamond has been set on four previous occasions, two of which involve
original designs by Jean Schlumberger, Tiffany’s renowned jewelry
designer. The stone was set in Schlumberger’s Ribbon Rosette necklace to
promote the 1961 film Breakfast at Tiffany’s; and it was mounted in
Schlumberger’s Bird on a Rock setting for the designer’s 1995
retrospective at the Musée des Arts Décoratifs in Paris.
2012 anniversary tour, the Tiffany Diamond in its new setting will
return to its place of honor on the Main Floor of Tiffany’s Fifth Avenue
In other news, the Conference Board Consumer
Confidence Index® added three points from one year ago at 69.2 in April
(benchmark 1985=100), The Expectations Index fell from April 2011 to
81.1 while the Present Situation Index improved some to 51.4 points.
Franco, the director of the Conference Board Consumer Research Center,
observed that consumer confidence was virtually unchanged in April from
March, following a modest decline. ''As was the case last month, the
slight dip was prompted by a moderation in consumers’ short-term
outlook, while their assessment of current conditions continued to
improve. Overall, consumers are more upbeat about the state of the
economy, but they remain cautiously optimistic.”
In April, those
claiming business conditions are “good” increased to 15.3 percent from
14.3 percent in March. However, those claiming business conditions are
“bad” edged up to 33.5 percent from 33.2 percent. Consumers’ appraisal
of the job market remained mixed. Those stating jobs are “hard to get”
declined to 37.5 percent from 40.7 percent in March, while those stating
jobs are “plentiful” decreased to 8.4 percent from 9.0 percent.