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Founder of Watch and Jewelry Brand Dies in Race Car Crash

He was a ‘true epicurean.’

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Phillipe Charriol died Tuesday while driving his race car.

Philippe Charriol, founder of Swiss luxury goods brand Charriol, died Tuesday while driving his race car on the Circuit Paul Ricard, home of the 2018 French Grand Prix Formula 1.

Charriol, born in 1942, broke out on his own in 1983, founding Charriol as a multi-product brand making Swiss watches, jewelry, accessories, fragrance, optical and even Bordeaux wine.

In the 1980s, when the nexus of Swiss watchmakers was the Place Vendôme in Paris, Charriol instead focused his efforts on Asia, laying the foundations for what would grow into a luxury goods empire across the Middle East, Europe and the Americas.

“As a result, the Charriol brand from its inception has been both a genuine Swiss watchmaker, and a truly international brand, genuinely rooted in Asia from day 1, as opposed to migrating to Asia in the early 2000s like so many European brands later did,” according to a press release.

Prior to founding his own brand, Charriol was a leader inside the maison of Cartier for 15 years, holding various positions, including general manager, then brand president for the Asian market.

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After leaving Cartier, it took seven years of bootstrapping before he opened the first stand-alone Charriol boutique in Hong Kong in 1990. The pace accelerated throughout the 1990s as he opened locations in Singapore, Bangkok, Tokyo, Doha and Riyadh followed by Geneva, Beijing, Shanghai, Dubai, Mumbai, Las Vegas and many more.

Charriol also pioneered online sales, being the first Swiss watch and jewelry brand to emphasize its own e-commerce platform starting in 2008, according to the release.

“Philippe Charriol’s business and personal lives were intertwined, and he operated at full speed every day, even up to his final day, pursuing his entrepreneurial dreams as well as his personal passions such as motorsports, which he pursued at an almost professional level for the past 25 years,” according to the release. “He was a true epicurean, fascinated by more refined pursuits including architecture, culture, and arts – the latter being of particular interest to him, as he created the Philippe Charriol Art Foundation in Hong Kong which for more than 20 years gave annual awards to young artists to pursue their education in the arts.”

He is survived by his children, Coralie (creative director), Alexandre (visual director) and Laetitia, and his spouse Marie-Olga Charriol (PR director), who support the Charriol management team.

He will be laid to rest in a family funeral service in Marseilles, and his life will be celebrated at a memorial service in Paris at the end of March.

Over the years, INSTORE has won 76 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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Jewelry Chain Looks to Build $13M Headquarters

It will employ about 100 people.

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James Avery, a Texas-based manufacturer that operates 88 stores, is looking to open a second headquarters at a cost of $13 million.

The facility would be located in Cedar Park, TX, KXAN-TV and the Austin Business Journal report.

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James Avery Craftsman Inc. is seeking more than $500,000 in economic incentives for the project.

As part of the agreement, the headquarters would need to have a payroll of about $4.9 million by 2025. It would also need to consist of at least 35,000 square feet.

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The Business Journal reports that the facility would have more than 100 employees.

Kerrville-based James Avery, known in part for its Christian-themed jewelry, is particularly popular in its home state of Texas, where it operates 80 stores.

Read more at KXAN-TV

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Video: 3 Millennial Couples Reveal Their True Thoughts On Lab-Grown Diamonds

MVI Marketing has released a new video.

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MVI Marketing has released a new video in which three millennial couples reveal what they think about lab-grown diamonds.

The couples interviewed by MV Eye are all actively shopping for engagement rings.

In the video, which is under three minutes long, they’re asked about topics such as their budget, their shopping preferences and their views on lab-grown diamonds.

Watch the video:


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GIA Identifies Mixed Natural-Synthetic Diamond

It ‘could be a new type of product entering the market.’

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The Gemological Institute of America had identified a stone that is a composite of synthetically grown and natural diamond.

It was described as a 0.64-carat fancy grayish greenish blue cushion modified brilliant. It turned out to have a “CVD synthetic diamond overgrowth,” according to GIA, which described the finding in the Spring 2019 issue of Gems & Gemology, its quarterly scientific journal.

The grayish greenish blue was caused by the gray and blue components from the CVD layer and the yellow from the substrate.

“The resulting color was likely the main motivation for growing the CVD layer on top of the natural diamond, though the extra weight gained could also be a factor,” according to the article.

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GIA added: “With the second of these composites seen at GIA, this could be a new type of product entering the market.

“Earth-grown diamonds with synthetic diamond grown on the surface require extra scrutiny due to the presence of natural-looking features, both spectroscopic and gemological. Careful inspection still reveals the presence of synthetic indicators, which expose the true nature of the diamond.”

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