Royal Jeweller Asprey Reportedly On Brink Of Collapse

LONDON - MARCH 06: The exterior of Royal jeweller Asprey is seen as the luxury brand is reported to be on the brink of collapse after 225 years of supplying gems to aristocrats, millionaires and Hollywood stars, in New Bond Street on March 6, 2006 in London, England. Sources say the British company who pay actress Keira Knightley more than a million dollars as the face of its brand - is in trouble after spending hundreds of millions of dollars on a failed effort to update its image. The A&G Group, which runs Asprey and sister jeweller Garrard, is thought to be moving into administration. The jeweller received its first royal warrant in 1862 from Queen Victoria and is now run by a group of investors. Last year, its store in London's Bond St was sold to raise USD60 million. (Photo by MJ Kim/Getty Images)