New De Beers Leadership, New Patek Philippe

A new De Beers CEO, and a new spin on a classic Patek Philippe watch.

Bruce Cleaver is stepping down as CEO of De Beers and handing over the reins to Al Cook—an industry outsider who worked for an energy company. His predecessor, Philippe Mellier, was also an outsider. Mellier got great results for the company’s bottom line but injured some relationships with clients who felt he drove prices too high. Cleaver repaired those relationships and is well respected.

New Patek Philippe’s long-awaited successor to the 5711. Called the 5811, its main difference is that it’s made of white gold instead of steel.

Full article and the source: https://www.jckonline.com/editorial-article/podcast-jewelry-district-ep-81/

Photo: Patek.com