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Billionaires Love Diamonds and Jewelry!

Beth Braverman of National Jeweler has an excellent posting on how the jewelry industry and billionaires seem to get along incredibly well!

Indeed, a good chunk of the people on Forbes' recently released list of the world's 947 billionaires in 2007 have some connection to the diamond and jewelry industry.

Ranked at No. 2 (behind Bill Gates) is Warren Buffett, worth $52 billion, whose company, Berkshire Hathaway, owns several of the country's top jewelry chains, including Helzberg Diamonds, Borsheim's and Ben Bridge Jeweler.


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Warren Buffett Loves Diamonds.


With only half the fortune of Buffett, Bernard Arnault ranks No. 7 on the list. Worth $26 billion, Arnault owns 51 percent of LVMH Moet Hennessy Louis Vuitton and Christian Dior, and serves as chairman of both companies. LVMH owns a bevy of luxury brands, including TAG Heuer and Zenith.

Francois Pinault, worth $14.5 billion, appears at No. 34 on the list. Pinault is the majority shareholder of luxury goods group PPR, which owns Gucci, Boucheron and Bedat & Co. He also owns Christie's auction house.


Posted by Judah Gutwein on March 14, 2007 10:49 AM in Diamond Stars | Comments (0)

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