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Passion Investments: Gems & Jewelry
The Jewels in the Cartier Crown
Jill Newman
09/01/2004

Dietz Bergeron is so fond of some of her Cartier acquisitions that she staunchly refuses to part with certain pieces, such as her Edwardian pearl and diamond bracelet. She figures it is worth more than double what she paid about 10 years ago. “Cartier pieces, especially from the Edwardian and Art Deco periods, are hard to find, and there are no good deals around anymore.”

She recalls a moment a few years ago when she came across a simple Cartier gold leaf brooch from the 1940s. “My business partner said I must have paid a world-record price for a plain gold brooch,” she remembers. “But it was perfect.” Ultimately, she sold the brooch at a profit—but she wishes she still owned it.

“You don’t buy a Cartier design like that for its intrinsic value,” Dietz Bergeron says. “You buy it for the design, workmanship and the way it lays perfectly on a woman’s clothes.”

Modern Cartier pieces, Dietz Bergeron said, do not have the same cachet of most of the older pieces. While she contends that the house has maintained its quality, she also counsels that a buyer cannot expect to acquire a new item and sell it for a profit today. “They are making so much jewelry today at a wide range of prices,” she explains. “The brand’s image has a much broader appeal than it did during an earlier era, when only a select few could afford to wear a Cartier design.”

THE MAHARAJ of Nawanagar once owned this 1928 Elephant Mystery Clock, made of jade, gold, pearls, diamonds, onyx and rock crystal.
Admirers Abound
The number of worldwide Cartier collectors is rising, notes Stanislas de Quercize, Cartier’s president and CEO, as a result of a growing appreciation for period jewelry and the brand’s increasing exposure in museum exhibitions and at auction. The most desired pieces are indeed jewelry from the Edwardian and Art Deco periods, along with limited watches and the Mystery Clocks. Jewelry with a provenance, such as the pieces that belonged to the Duchess of Windsor, bring top dollar.

American Cartier collectors are particularly enthusiastic of late, according to Rainero. One such client is buying anything with a dragon theme and also custom-ordering dragon pieces. “Jewelry collectors can be compared to art collectors,” he explains. “Some people collect Impressionists and other modern artists, just as some Cartier clients only want dragon themes, Art Deco styles or panther pieces. The best collections are made around passion. A person should fall in love with the object or design.”

Cartier’s Mystery Clocks, made in the 1920s, seem to be among the most valuable collector’s items of late, if market prices are any indication. The clocks are to Cartier what the Imperial Eggs are to Fabergé, a symbol of the brand’s imagination and masterful craftsmanship. Master clockmaker Maurice Couet developed the system using the earlier principles of clockmaker Robert Houdin. Cartier created approximately 90 clocks, all of which feature hands that appear suspended in air. (Hence the name Mystery Clock.) Collectors especially covet the six original Portico models; these are valued in the range of $2 million each.

The Cartier family continued running the business until the 1960s when the three flagship stores—Paris, New York and London—were sold separately. In 1972, a group of investors, with Robert Hocq as president, took over the Paris operation with the intention of maintaining the brand’s luxury position while growing on an international scale. The stores in London and New York were brought back into the fold, and the modern Cartier now answers to a corporate board of directors for Richemont Group, the current owner, which looks to increase profits and market share. Meanwhile, Cartier cognoscenti wonder how the new house will delicately balance its desire to build the brand into a global powerhouse against the need to maintain the cachet that made Cartier one of the greatest jewelers of the 20th century.

“We keep the past alive by celebrating our roots,” reflects de Quercize. “When designing the new Collection Panthere de Cartier, we built upon Cartier’s rich heritage, while reinterpreting the designs to make them relevant, not only for today but for years to come.”

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