On the Glossy Week in Review podcast, senior fashion reporter Danny Parisi breaks down some of the biggest fashion news of the week. This week, he's joined by special guest co-host Frank Everett, vice chairman of jewels in the Americas for Sotheby's.

The two discuss Chanel's new tweed-inspired jewelry collection, the widening gap between aspirational shoppers and true luxury shoppers, and recent record-breaking sales of colored diamonds and rubies at Sotheby's.