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Harry Winston

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Harry Winston was one of the most famous American jewelers in history. Because of his incredible skill and his collection of rare gems, many people called him the "King of Diamonds."

HarryWinstonStorefront
HarryWinstonStorefront

He was born Harry Weinstein on March 1, 1896. His parents were Jewish immigrants from the Russian Empire. His father, Jacob Weinstein, ran a small jewelry business. Harry learned the trade by working in his father's shop as a child. Even at age twelve, he showed a talent for finding value. He bought a two-carat emerald for only 25 cents at a pawn shop. He sold that same emerald for $800 just two days later.

Winston's professional journey involved both business growth and artistic redesign. In 1926, he acquired the jewelry collection of Arabella Huntington for $1.2 million. Arabella was the wife of railroad magnate Henry E. Huntington. Her collection contained prestigious pieces, many from Parisian jewelers like Cartier. However, the designs were quite old-fashioned. Winston used his expertise to redesign the jewelry into contemporary styles. This showcased his unique skill in jewelry crafting. He officially founded Harry Winston Inc. in New York City in 1932.

One of Winston's most important contributions was his relationship with Hollywood. In 1944, he pioneered a new practice of lending jewelry to actresses. He began this tradition with Jennifer Jones for major events like the Academy Awards. This practice allowed stars like Katharine Hepburn to wear spectacular pieces. For example, Hepburn wore the 15th-century Inquisition Necklace in 1947. His jewelry became a staple of celebrity culture and cinema. His name was even mentioned in the musical film *Gentlemen Prefer Blondes*. A character in the film famously says, "Talk to me, Harry Winston, tell me all about it!"

Winston was also a master of managing and improving rare gemstones. He often purchased stones that required technical changes to reach their full potential. For instance, he bought the Arcots, which were two antique pear-shaped brilliants. When he removed them from their settings, he discovered they were not a perfect match. He decided to recut them to improve their clarity and brilliance. He also owned the Blue Heart, a blue, heart-shaped brilliant. He mounted this stone in a ring and sold it to Marjorie Merriweather Post.

The Hope Diamond - SIA
The Hope Diamond - SIA

Winston's ability to recognize the value in a rough stone was legendary.

The most famous diamond associated with Winston is the Hope Diamond. This stone is a large, fancy dark grayish-blue, antique cushion brilliant. Winston purchased the diamond in 1949. In 1958, he donated the gem to the Smithsonian Institution. He sent the precious stone to the museum via registered first-class mail. The original package he used is still kept in the Smithsonian's collection today.

Napoleon Diamond Necklace
Napoleon Diamond Necklace

In 1963, he also traded the Portuguese Diamond to the Smithsonian. In exchange, he received 3,800 carats of small diamonds.

Winston also made history through massive commercial transactions. In 1974, he purchased a large parcel of diamonds valued at $24,500,000. At that time, this was the largest individual sale of diamonds in history. The transaction was arranged by Harry Oppenheimer, the head of De Beers Consolidated Mines Ltd. During the negotiation, Winston asked for "a little something to sweeten the deal." Oppenheimer responded by rolling a rough diamond across the table. Winston accepted the stone, which was later cut into five gems. The largest of these was named the "Deal Sweetener."

The legacy of Harry Winston continued through his family and major corporations. After his death, his two sons, Ronald and Bruce, took over the company. They engaged in a decade-long battle for control of the business. In 2000, Ronald bought Bruce out for $54.1 million with the help of Fenway Partners. Eventually, the entire company was sold to the Swatch Group of Switzerland in 2013. The sale price was $1 billion. By 2015, the company operated 39 salons globally. These included locations in New York, Las Vegas, and many other international cities.

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