In 1952, Life reported that, after the British royal family, Winston possessed the second-largest collection of historic jewels in the world. A year later, Marilyn Monroe's hit song "Diamonds Are a Girl's Best Friend" includes a line that says, "Talk to me, Harry Winston! Tell me all about it." Not long after, Winston began opening jewelry salons all over the world, from Geneva to Japan and moved his flagship store to the current address on Fifth Avenue. Today, Winston's legacy lives on with the introduction of the Winston Pink Legacy Diamond Ring to the Fifth Avenue salon, which is currently on display through March 1 (what would have been his 125th birthday).
Weighing 18.96 carats, the ring also reflects his birth year of 1896, and it became the most expensive pink diamond per-carat in the world-a fitting legacy for the storied designer. This is the first time the ring will be on display in the U.S. since the brand acquired it from Christie's for $50.66 million in 2018.Winston's father Jacob started a small jewelry business. He and Winston's mother were Jewish immigrants to the United States from Russian Empire. While growing up, he worked in his father's shop.
When he was twelve years old, he recognized a two-carat emerald in a pawn shop, bought it for 25 cents, and sold it two days later for $800. Winston started his business in 1920 and opened his first store in New York City in 1932. Winston's jewelry empire began in 1926, with his acquisition of Arabella Huntington's jewelry collection, for $1.2 million. Huntington, Arabella amassed one of the world's most prestigious collections of jewelry, largely from Parisian jewelers such as Cartier. When Winston bought the collection after her death, the designs of the jewelry in the collection were quite old fashioned. Winston redesigned the jewelry into more contemporary styles and showcased his unique skill at jewelry crafting. When he died, Winston left the company to his two sons, Ronald and Bruce, who then entered into a decade-long battle over the control of the company. In 2000, Ronald along with new business partner, Fenway Partners, bought Bruce out from the company for $54.1 million. was bought by the Swatch Group of Switzerland. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. ( December 2015) ( Learn how and when to remove this template message) Unsourced material may be challenged and removed.
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