MOVADO AND CARTIER USHER IN THE NEW YEAR

Byline: Wendy Hessen

NEW YORK — Fine-jewelry executives sought to put their less-than-stellar holiday season behind them at Movado’s annual New Year’s bash, at least for a few hours.
Nearly 1,000 people crowded into the ballroom of the Pierre Hotel on Jan. 12 for the event, which this year celebrated its longtime association with the American Ballet Theatre. During preperformance cocktails, most executives acknowledged that the fourth quarter had been disappointing, but seemed anxious to put it behind them.
“We just take a deep breath and move on,” said Beryl Raff, chairman and chief executive officer of Zale Corp., summing up the sentiments of many retailers.
Movado Group president Efraim Grinberg quipped that he wished they could all ask for a recount of the holiday results. But then it was on to more entertaining matters, thanks to ABT’s latest ballet, “Weren’t We Fools?” set to the music of Cole Porter.
After the performance, an exclusive crowd of about 200 headed a few blocks across town to the Russian Tea Room for cocktails, caviar and dinner hosted by Cartier.
The big surprise following dinner was the appearance of legendary performer Ray Charles, who had the crowd cheering and singing along to many of his favorites, including “Route 66,” “It Had to be You” and “Georgia on My Mind.”

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