A Cathy Waterman design.

MARKING A PARTNERSHIP: What’s the key to a successful 20-year business partnership? More than commerce, according to Los Angeles jeweler Cathy Waterman and Dallas retailer Joanne Teichman of Ylang 23. “It started with a warmth as soon as I walked into her studio,” Teichman said. “We have girls who are a year apart, and we raised them together. We share interests in philanthropy and family. There is a web, and it only deepens.”

Teichman and her husband, Charles, celebrated the 20th anniversary of their relationship with the designer at a luncheon in Dallas for 40 on the rooftop terrace of the Joule Hotel. Daughters Alysa Teichman and Claire Kislinger were also present, as both now work in their respective family businesses. Teichman is charged with development at Ylang 23. Kislinger helps run Cathy Waterman’s business, though she doesn’t rule out designing.

“I just got engaged, and I designed the ring with my mother,” Kislinger said, revealing a vivid step-cut emerald in a platinum and diamond setting. “It’s exciting to think about the possibilities.”

Guests shopped an extensive trunk show of Waterman’s latest designs, which were also shown at the store during an afternoon appearance by the designer. “The collectors were out in force and really responded to Cathy’s new work,” Joanne Teichman said. “We sold over 30 pieces, ranging from $1,500 to several over $45,000.” Bestsellers included turquoise, long chains and new “big top” five-spoke earrings embellished with gems. Platinum and gold were evenly split, she noted.

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