Press Releases

Cadar Appoints Ralph Destino as Director

Published

8 years ago

April 18, 2016

INSTORE Staff

(Press Release)
NEW YORK, NY – CADAR, a fine jewelry brand by designer Michal Kadar, announced that industry veteran Ralph Destino has been appointed a director of the company. In this role Destino will guide the brand’s entry into the marketplace, with a particular focus on developing relationships with retail jewelers across the country.

Destino, who served as president and chairman of Cartier Inc. during his 32-year tenure with the company, will work directly with Michal Kadar, founder and creative director of CADAR.

“We are delighted to welcome Ralph to CADAR,” says Kadar. “He is one of the most respected executives in the fine jewelry industry, and I am confident that his strategic vision for the brand will be invaluable as we introduce the collection to discerning style makers.”

“I am extremely pleased to join CADAR as director, and I look forward to ushering the brand toward continued growth by nurturing and expanding relationships with the most prestigious fine jewelry retailers,” says Destino. “Michal Kadar is an extraordinarily talented designer, and the CADAR Collection is truly superb. I have no doubt that CADAR will be very well received and extremely successful in the marketplace.”

Destino brings a wealth of experience to Cadar with a career in the jewelry industry that spans more than four decades. Following his retirement from Cartier, Destino served as chairman of the Gemological Institute of America (GIA) and led the organization for three years. Destino holds the positions of chairman emeritus at both Cartier and the GIA. Among his many industry accolades, Destino is a recipient of the 2012 Jewelers of America Lifetime Achievement Award and was inducted into the Retail Jewelers Hall of Fame.

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”