In Brief: De Beers Gets Green Light … UNITE Wins Court Battle … DVF Opens Florida Store …
DE BEERS GETS GREEN LIGHT: The European Union Commission has given De Beers the go-ahead to pursue its Supplier of Choice distribution strategy, aimed at spurring consumer demand for diamonds and fortifying the relationship between De Beers and its...
DE BEERS GETS GREEN LIGHT: The European Union Commission has given De Beers the go-ahead to pursue its Supplier of Choice distribution strategy, aimed at spurring consumer demand for diamonds and fortifying the relationship between De Beers and its sightholders. The Brussels-based Commission said in a statement Tuesday it had decided not to oppose the SoC system, but that it would keep a "close watch" on the diamond market in order to ensure that the SoC does not lead to a restriction in the supply of rough diamonds to traders.
As reported, in 2001 the EC issued a statement of objection criticizing the SoC initiative on the basis that it was anticompetitive. De Beers controls 60 to 65 percent of the world’s diamond production. The SoC strategy will allow De Beers to favor sightholders who are specifically marketing-oriented and who have solid relationships with jewelry manufacturers, retailers and brands. SoC rules govern ethical standards as well.
UNITE WINS COURT BATTLE: A federal appeals court in California ruled in favor of the apparel union UNITE Thursday in a long-brewing battle at a San Bernardino coat factory where workers wanted to leave the union. The Ninth Circuit Court of Appeals in San Francisco upheld a 2001 District Court decision in favor of UNITE, which, said the workers at Sorrento Coats Inc., had not demonstrated that the union breached its duty of fair representation required to break from the union. The 42 workers alleged that union officials had pressured contractors to remove work from the factory in retaliation for their attempt to decertify the union.
DVF OPENS FLORIDA STORE: Diane Von Furstenberg’s second freestanding boutique will open today in the Village of Merrick Park shopping center in Coral Gables, Fla. The 850-square-foot shop will offer the entire range of Von Furstenberg’s designs including dresses, sportswear, denim and swimwear. The designer opened her first retail shop in New York in 2001.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews