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PROPERTY FROM A PRIVATE COLLECTION
A DIAMOND RING
Details
A DIAMOND RING
Set with a rectangular-cut diamond, weighing approximately 11.51 carats, flanked on either side by a tapered baguette-cut diamond, ring size 9 3/4, mounted in platinum
Accompanied by report no. 5181705254 dated 30 August 2017 from the GIA Gemological Institute of America stating that the diamond is I color, VS1 clarity
Set with a rectangular-cut diamond, weighing approximately 11.51 carats, flanked on either side by a tapered baguette-cut diamond, ring size 9 3/4, mounted in platinum
Accompanied by report no. 5181705254 dated 30 August 2017 from the GIA Gemological Institute of America stating that the diamond is I color, VS1 clarity
Provenance
Mrs. Caroline Penney
Further details
J.C. Penney is one of the most recognized names in American retail shopping. Lovingly referred to by many as simply “Penney’s”, nearly every American grew up nearby the popular middle-market department store. Founded in 1902 by James Cash Penney, the operation began as a Golden Rule dry goods store in Kemmerer, Wyoming. By 1913, Penney had 34 stores throughout the American West and the company became incorporated, taking the name J.C. Penney Stores Co., or J.C. Penney, as it remains known today. The retailer became a publicly traded company on the New York Stock Exchange in 1927, weathered The Great Depression, and today operates over 1,000 stores in 49 states. Penney had strong moral convictions, which he extended to his business, including his ‘Golden Rule’ which was to treat customers the way he would want to be treated. With exceptional business acumen, in 1913 he issued ‘The Penney Idea’, which was a proclamation listing seven core ideals by which he wanted his company to operate—all of which easily can be applied to any efficient and successful business of today. In 1926, the twice-widowed Penney married Caroline Autenrieth in Paris, France. A philanthropist, talented singer, and James C. Penney Foundation president, it was indeed fitting when Mrs. Penney was given this impressive 11.51 carat diamond from her merchandising husband.
Caption for photo: Caroline A. Penney and James C. Penney, circa 1968
Caption for photo: Caroline A. Penney and James C. Penney, circa 1968