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Oscar jewels 2007Bling Fling: Oscar night brings out the jewelsBy Washington Post found at tdn.com Feb 24, 2007 With the taxman cracking down on those five-digit goody bags and questioning the legality of "gifting" designer dresses tax-free, one Oscar night tradition remains alive and, more important, IRS-sanctioned: The lending of the jewels.
Jewelers can load a starlet up with as much loot as her lithe frame can carry,
as long as they get the bling back. ("When there is no transfer of
property, there are no tax consequences," explains Theresa Branscome, an
IRS spokesperson. "Loans aren't ever taxable.")
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But does all this exposure pay off in sales? Are those who can afford an
$800,000 necklace really impressed that it was once wrapped around the neck of
Reese, Cate or Keira?
In short, no. The exception is Fred Leighton -- the company says it often sells
the pieces not long after their red-carpet debut. Last year, the firm strung a
19th-century diamond fringe necklace across the decolletage of Best Supporting
Actress nominee Michelle Williams' sunshine-yellow Vera Wang gown and sold it
"soon after" the show. Then the company began fielding requests for
similar pieces.
For smaller jewelers, the exposure can really pay off. But that doesn't make
them any less celeb-selective. "While some of the tabloid-fodder girls may
make for good press, we're not really interested in lending to them,"
Carlile says.
Then there's the security. The jewelers dispatch guards in black tie to trail
along with each bejeweled celebrity. But do the guards get to hit the
after-parties? What time do Angelina, Nicole and Meryl have to hand back the
goods?
While most of the houses clammed up at the mention of security, Carlile just
laughed. "There's enough guys wearing those little earpieces to make sure
everyone is safe."
Copyright 2007 Associated Press.
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While it would seem that with the endless list of presenters, partygoers and, of course, nominees, there's enough decolletage for everyone's gems, the behind-the-scenes sniping between rival bling brokers about secret financial deals with actresses and their stylists would indicate otherwise.
"Everybody pays for people," says Carol Brodie, former global director of communications for Harry Winston. "And if you don't pay, you pay."
Even when there's no financial contract, there is a "thank you" piece of jewelry. During her tenure at Winston, Brodie says there were "several occasions" when "tokens of appreciation" were given to Oscar attendees. However, she says, "It was never indicated or promised upfront, which makes a huge difference."
Industry experts estimate snagging a big name as a jewelry model on Oscar night can cost anywhere from $25,000 to $200,000.
Longtime players in the field Fred Leighton, Martin Katz and Neil Lane all deny they've paid actresses to wear their gems. When Bulgari stepped up its efforts and scored a hit last year with Keira Knightley -- who accessorized her Vera Wang gown with a vintage emerald, ruby and diamond necklace from the house -- reports circulated that the company pays stylists and makes a donation to the star's charity in exchange for red-carpet exposure.
Chopard has drawn the most ire (or is it envy?) from competitors over the past several seasons for allegedly paying some of the most sought-after actresses to wear its jewelry on the red carpet. It was reported that both Hilary Swank and Charlize Theron traded in their borrowed Winston gems for the 2005 Golden Globes at the last minute for a more lucrative six-figure arrangement with Chopard. This year, there have been whispers that a best actress Oscar nominee will enter into a similar deal with the company. Not surprisingly, reps for the company deny all.
Still, some intrepid companies are entering the Oscar race determined to get play without pay.
Piaget took a suite in Beverly Hills last year hoping to snag stars, but came up empty-handed. Undaunted, president Larry Boland says he'll try again this year. "When you don't pay, it makes it hard. It's gotten out of control. We don't want to get lumped into that. We want to work with people who want to wear the jewelry because they like it."
Good luck, says industry vet Brodie. "There was a year when we dressed four out of the five best actress nominees. That won't ever happen again unless someone decides to sponsor those women. The genie is out of the bottle for good."
related:
diamond dream shoes Singer Alison Krauss arrives wearing a pair of $2 million diamond shoes by Stuart Weitzman for the 76th annual Academy Awards on Sunday in Los Angeles. Krauss will be performing the best original song nominee ‘The Scarlet Tide’ from the film ‘Cold Mountain.’ — AP/PTI
Oscar dresses: Diamonds Dazzle at the 80th Annual Academy Awards 2008
I was busy writing last Tuesday’s column when the 80th Oscars dresses went on the air. I heard snatches of the ceremony but completely missed the Red Carpet prelude. I went to the Oscar Web site yesterday and took a glimpse. Below are some descriptions: ... read Diamonds and the 80th Oscars
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