david webb

David Webb Estate Jewelry Up For Auction

The beautiful gold and diamond David Webb necklace above is just one of the pieces being sold an an auction of estate jewelry on September 29 at Doyle New York. The necklace is part of the estate of the Honoroable Florence P. Shientag, a very accomplished woman with some lovely taste in jewelry. During her 101 years, Judge Shientag led the way for women in law, mentoring women lawyers, and protecting the rights of filmmakers and artists. She was the first female federal prosecutor in New York State and one of the first in the country. She was also a patron of the arts and a woman with a strong sense of personal style as is shown through her exquisite taste in jewels.

The piece shown above is gold, platinum and diamond bib necklace with diamond-set platinum leaves, rope-twist stylized acorns tipped with diamonds and gold leaves that is estimated to fetch $20,000 to $30,000. It's just one of Judge Shientag's David Webb pieces. Also up for auction is a rose diamond flower clip-brooch (estimated at $30,000 to $40,000); a gold, platinum, turquoise and ruby chain necklace (estimated at $12,000-18,000) and matching clip brooch (estimated at $6,000-8,000); a pair of diamond flower earclips (estimated at $6,000-8,000); and a gold, platinum and diamond bracelet fashioned as textured branches (estimated at $5,000-7,000).

The top lot in the sale is a platinum ring with a rectangular step-cut diamond of approximately 16.74 carats, L color, VS1 clarity, formerly Property of the Scripps Estate and estimated at $125,000-175,000.

Tags: david webb, diamond rings, diamonds, estate jewelry, jewelry, jewelry auction

David Webb Brand Bought In $11 Million Deal

by Deidre Woollard (RSS feed) —

Filed under: Jewelry

Around this time last year jewelry company David Webb Inc. filed for Chapter 11. Now the brand has officially exited Chapter 11 after being purchased by a trio of jewelers, Mark Emanuel, Sima Ghadamian and Robert Sadian. All have had extensive experience in the jewelry industry and have worked behind the scenes for other jewelry companies.

National Jeweler reports that the $11 million deal followed a sale hearing held at the U.S. Bankruptcy Court of the Southern District of New York in Manhattan on May 20. The sale included $7.5 million in finished goods. Per the terms of the agreement $2.75 million of the sale proceeds will go toward the debtor's secured claim and another $250,000 would go toward the rental charges incurred. The rest of the proceeds will be held in escrow and disbursed only by further court orders. Last year the brand reported assets of $10.3 million and liabilities of $6.9 million. Gross sales for the fiscal year ending June 30, 2008, were $13.2 million but total sales for the coming fiscal year ending June 30, 2009 were under $5 million.

The David Webb brand was founded in 1948 by David Webb and Nina Silberstein, and has been owned since 1975 by the Silberstein family. The brand has two retail locations, a flagship store on Madison Avenue in Manhattan and a small store at the Regent Beverly Wilshire Hotel in Beverly Hills, California. There is also a factory where the brand manufactures its own jewelry. The company has provided jewelry for some of the most legendary jewel connoisseurs in the world including Elizabeth Taylor, The Duchess of Windsor and Princess Grace. David Webb pieces which often feature animals and naturalistic themes remain some of the most collectible pieces in the jewelry world.

Tags: chapter 11, chapter 11 bankruptcy, david webb, jewelry

Sotheby's to Auction 29.53 Carat Flawless Diamond

by Carrie Coolidge (RSS feed) —

Filed under: Jewelry

sothebys diamond

On October 19th, Sotheby's will auction off a dazzling array of jewels, from a 29.53 carat flawless pear-shaped diamond ring to exquisite pieces designed by Van Cleef & Arpels, Bulgari, David Webb and Tiffany & Co. The sale, which will take place at Sotheby's New York headquarters, will feature jewels from private American collections, as well as a selection of high quality white diamonds and signed and period pieces.

The 29.53 carat pear-shaped diamond is the centerpiece of the auction. The D color, internally flawless stone has been recently determined to be both potentially flawless and type IIa by the Gemological Institute of America. The ring has an estimate of $1.8 million to $2.2 million or $61,000 per carat.

Another stunning piece is a fancy vivid yellow diamond ring by Tiffany & Co., which is set with a potentially flawless emerald-cut stone of 9.55 carats in a diamond crossover mounting. Its estimate is $250,000 to $350,000.

Also featured at the sale will be an 18 Karat gold, diamond and amethyst "Botticelli" necklace by Van Cleef & Arpels. Designed with a foliate motif, it has an estimate of $50,000 to $70,000.

A diamond butterfly brooch by Bulgari, which is set with over 24 carats of diamonds, has an estimate of $50,000 to $70,000, while a David Webb-designed abstract star-shaped Abalone Pearl, Cultured Pearl, Diamond and Emerald Brooch has an estimate of $20,000 to $30,000.

The jewels will be on exhibition at Sotheby's New York showroom beginning on October 14th, 2009. An online catalogue is available to preview at Sotheby's website.

Gallery: Sotheby's Jewelry Auction

Spectacular pear-shaped 29.53 carat diamond

Fancy Vivid Yellow Diamond Ring by Tiffany & Co.

David Webb Pink Enamel, Colored Stone and Diamond Elephant

Van Cleef & Arpels Diamond and Amethyst Botticelli Neclace

Tags: accessories-award, bulgari, david webb, DavidWebb, diamonds, entertainment-awards, jewelry, sothebys, van cleef arpels, VanCleefArpels

David Webb Files Chapter 11

by Deidre Woollard (RSS feed) —

Filed under: Jewelry

Another iconic jewelry company has filed Chapter 11. It has been announced that David Webb filed Chapter 11 yesterday reporting assets of $10.3 million and liabilities of $6.9 million. Diamonds,net had a look at the documents which show that while gross sales for the fiscal year ending June 30, 2008, were $13.2 million, total sales for the coming fiscal year ending June 30, 2009 were not expected to top $5 million. The company estimated operating expenses for the next 30 days at $377,927 with expected sales of approximately $400,000. The "Silberstein Family Partnership" is listed as sole owner of the company. The company has been in business over sixty years and has provided jewelry for some of the most legendary jewel connoisseurs in the world including Elizabeth Taylor, The Duchess of Windsor and Princess Grace. David Webb pieces which often feature animals and naturalistic themes remain some of the most collectible pieces in the jewelry world.

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Tags: bankruptcy, chapter 11, Chapter11, david webb, DavidWebb, jewelry