Sotheby's announced the appointment of Laurence Nicolas as Executive Vice President, Global Managing Director, Jewelry and Watches a position at the junction of two of Sotheby's fastest growing categories. Reporting to the Company's CEO, Tad Smith, Ms. Nicolas will lead the various channels of Sotheby's Jewelry and Watch businesses including auction, private, e-commerce and retail sales, as well as the Company's diamond venture, Sotheby's Diamonds. Ms. Nicolas brings 25 years of luxury experience and management of leading international brands to Sotheby's, joining the company from Christian Dior Couture where she was appointed CEO of Dior Timepieces & Fine Jewelry in 2001. With Sotheby's exceptional team across the United States, Europe and Asia, as well as the invaluable support of David Bennett, Worldwide Chairman of the International Jewelry Division, and Daryn Schnipper, Chairman of the International Watch Division, Laurence will join the Company on February 1 and be based in New York.