Spinnerette: 02.01.24
+1.61 X 2 company MTCH-UP
CE + FAST
FACETS
According to the Merriam-Webster’s Dictionary the definition of a facet has four meanings:
1) any of the definable aspects that make up a subject (as a contemplation) or an object (as of consideration)
2) the surface of a cut gem
3) the external corneal surface of an ommatidium
4) a smooth flat circumscribed anatomical surface (as of a bone)
one side of many-sided
Ergo, today’s spinnerette gave me the opportunity to research an area of delight - GEMSTONES which unequivocally demonstrates the essence of FACETS. A facet is the flat polished surface of a cut gemstone. It usually contains three to four sides. The parts of a gemstone include: the girdle - the widest part of the stone, the crown - the upper part, and the pavilion which is the stones base. The top of the stone is the table and the cutlet is at the bottom. There are various methods of faceting a gemstone:
Brilliant cut contains a standard 58-facets - primarily a cut for diamonds.
Rose cut contains triangular facets.
Drop cut facets gemstones into a pear-shape.
Step cut is flat with steps of 4-sided generally long and narrow facets parallel to the girdle.
Cabochon cut does not use faceting rather rounded and polished.
Gemstones are various minerals desired for their beauty, durability and rarity. Gemstone stocks are recognized as Luxury Goods. there’s that word again!
BGI Birks Group Inc. is a designer, manufacturer and retailer of jewlery as well as other fine gifts. The company is based in Canada and the United States and trades on both stock exchanges. Birks began in 1879 in Montreal as a small Jewellery store by Henry Birks. In 2005 Henry Birks and Sons Ltd (Canada) and Mayors Jewelers Inc (US) merged.
Revenue is close to US$44 MILLION. Employee information was not available at the time of my blog.
CTHR Charles & Colvard Ltd. trades on the NASDAQ headquartered in Morrisville, NC. The company distributes and manufactures jewelry and was founded in 1995 by Charles Eric Hunter.
Revenue is approx. US$33 MILLION and they employ around 63 full-time associates.
Certainly, I must cover Tiffany & Co although the company is no longer on the NYSE; it was delisted in 2021 when LVMH- Moet Hennessy Louis Vuitton acquired a major stake in the company for US$15.8 BILLION and currently operates as an independent subsidiary.
Tiffany & Co was founded in 1837 by Charles Lewis Tiffany and John B. Young. They opened their first store in New York City as a “stationery and fancy goods emporium” and sold a variety of stationery items under the name Tiffany, Young and Ellis. In 1853 The name was shortened to Tiffany & Co and began its emphasis on jewelry. The store moved to 37th Street and Fifth Avenue in 1905 and in 1940 it moved again to its present-day located at 727 Fifth Avenue, NY, NY. In 1978 Tiffany & Co was sold to Avon Products, Inc. for appox. US$104 MILLION in stock. In 1984 it was sold to William R. Chaney for US$135.5 MILLION in cash. Tiffany’s went public again in 1987 during these years the company launched many designs. Tiffany & Co is worldwide with approximately 326 stores; and is still revered by many as the crown jewel of Luxury Goods.
Revenue was listed in 2019 as US$ 4.44 BILLION and had approx. 14,000 associates.
This research made me want to go out and but a new ring with many facets!
CE is Celanese an American Technology and speciality materials company that produces acetic acid and is the world’s largest producer of vinyl acetate monomer. The origins of the Celanese began in New York City by founder Camille Dreyfus. The company trades on the NYSE and began their public offering appearance in 2005; they are headquartered in Irving, TX.
Revenue is close to US$11 BILLION and serve globally with approx. 12,000 associates.
Traded Today @ 147.90
FAST is Fastenal a supply chain for fasteners, OEM (original equipment manufacturer), MRO (maintenance, repair and operations), construction, industrial and safety products trading on the NASDAQ. The company was founded by Bob Kierlin in 1967 and is headquartered in Winona, MN.
Revenue is US$7.25 BILLION and employ over 23,000.
Traded Today @ 69.84
COMPANY/CORPORATION FROM GOOGLE WIKIPEDIA AND BRITANNICA