Word: carats
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Dates: during 1960-1969
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First there was the 44½-carat Hope Diamond that he gave to the Smithsonian in 1958. Now Manhattan Jeweler Harry Winston, 68, has given the Smithsonian another rock: a 253.7-carat uncut stone that is the largest of its kind in any museum. South Africa's Harry Oppenheimer, 55, sold it to him for much less than the $1,000,000 or so Winston might pay for such a stone for commercial use-because both knew its eventual destination. "The Smithsonian thought it would be interesting for the public to see what a diamond in the rough looked...
...whom it deigns-announced that stocks were little more than half as high as a year ago. There have been two wholesale-price increases, totaling 15%, in the past 15 months. Jewelers' retail markups have remained at a princely 100%. On Manhattan's Fifth Avenue, a one-carat ring of high quality now retails for $1,600 to $1,700, up from $1,000 five years ago. Leading diamond dealers, not unmindful that talk of higher future prices will induce some would-be purchasers to buy sooner rather than later, estimate that in ten years a one-carat...
...reason for the spiral is that increasingly affluent Americans, who accounted for more than half of last year's sales, are calling for more and more diamonds. Four-fifths of the U.S. purchases are for engagement rings, the most popular type being stones of about one-half carat that retail for about $250. Styles are shifting: the pear shape and emerald cut are fading in popularity, but sales of the marquise and brilliant cut are sparkling. New York is the richest market (20% to 25% of all U.S. sales), followed by Chicago, Texas and Southern California. Surprisingly, many Americans...
...over the morning headlines. Once determined to be a history teacher, Lynda may skip a career, for she is engaged to Lieut, (j.g.) Bernard Rosenbach of Comfort, Texas. No wedding date has been set, but the President's daughter proudly wears Bernie's ring-a one-half carat center diamond flanked by two smaller diamonds...
...Parisian jewelers Van Cleef & Arpels, Inc., who with his brother Louis took over the business from his father, set up a New York branch in 1940 that outpaced Paris headquarters, expanded to Palm Beach and Caracas marketing such wares as Napoleon's emeralds and a 34.6-carat pink Indian diamond but never, never talking about who bought what or for how much; of a stroke; in Manhattan...