21 hours ago
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Sydney's elite postcodes have been rocked by a dramatic falling-out between two former best friends, with a lucrative diamond business at the centre of the alleged rift.
Olivia Bond, the gemmologist wife of Alan Bond's grandson Jeremy, has made her mark on high society in recent years with her eponymous fine jewellery brand.
But the designer is reportedly unimpressed after her long-time friend, Lisa Wipfli, entered the fine jewellery market with her own business.
Lisa, the wife of Nova FM radio host and online safety lobbyist Michael 'Wippa' Wipfli, in September launched Lisa Wipfli Collected, a venture focused on sourcing and reselling antique, vintage and fine jewellery.
The launch apparently surprised Olivia, who has long considered Lisa a trusted friend and confidante in the increasingly competitive eastern suburbs social scene.
Their dispute has also split loyalties within their friendship group.
Sydney's eastern suburbs have been rocked by a feud between former BFFs Lisa Wipfli and Olivia Bond, after Lisa launched a jewellery business that could rival Olivia's established brand
Among those showing support for Lisa on Instagram are Bondi Pilates queen Bernadette Sukkar, Deborah Symond O'Neil and her socialite sister-in-law Lou O'Neil, who have liked and commented on posts promoting Lisa's business.
Meanwhile, stylist Caro Tran and Four Seasons condom heir Michael Porter are said to be closer to Olivia's side of the social circle, according to sources familiar with the group's dynamics.
While the pair have yet to publicly unfollow one another on Instagram, one detail has caught the attention of those aware of their rift: Olivia still follows Lisa personally, but does not follow her new jewellery brand.
Lisa - who has previously worn Olivia Bond jewels herself - unveiled Lisa Wipfli Collected last month, presenting it as a carefully curated collection of antique, vintage and fine jewels she has sourced herself.
In a post explaining her motivation, Lisa described jewellery as something she has always approached thoughtfully, revealing that her tastes have evolved considerably over the years.
'Jewellery was always a very considered part of everything I wore,' she explained.
'I went from buying a lot of costume jewellery when I was young, to a love for finer jewellery as I got older. Now I buy pieces that are heirlooms,' she wrote.
'I want my children to enjoy my jewellery and one day pass them on to their own children.'
Lisa, the wife of radio host Michael 'Wippa' Wipfli, launched Lisa Wipfli Collected in September, a business dedicated to sourcing and reselling antique, vintage and fine jewellery
In a post explaining the thinking behind the venture, the content creator described jewellery as something she had always approached thoughtfully, revealing that her tastes had evolved considerably over the years
Lisa credited her years in London with deepening her fascination for vintage pieces, recalling weekends spent exploring the city's vintage jewellery stores.
Her work as a content creator later led to collaborations with established jewellery houses, including Cartier and Hardy Brothers, as well as auction houses like Bonhams.
She said those experiences taught her more about gemstones and gave her a newfound appreciation for the details and craftsmanship behind fine jewellery.
'I'm especially drawn to antique and vintage pieces,' she wrote, explaining that every jewel carries its own history.
'Each piece has a past love story and you will never see another woman with the same jewellery on as you.'
Lisa added that she enjoys imagining the women who wore the pieces before her, with the history behind each item forming part of their appeal.
The idea for the business emerged after years of friends and followers asking her to source jewellery or advise them on their next purchase.
'Over the years I've had many women ask me to source jewellery for them or offer advice on their next jewellery purchase,' she explained.
Lisa credited her years living in London with deepening her fascination with vintage pieces, recalling weekends spent exploring the city's vintage jewellery stores
Olivia, meanwhile, has spent years establishing her own name in Sydney's competitive luxury jewellery market. (Pictured: Rebecca Harding wearing Olivia Bond jewels to the 2026 TV Week Logie Awards with partner Andy Lee)
'Which got me thinking... maybe it's time to start channelling my love for jewellery into something more productive.'
Olivia, meanwhile, has spent years making a name for herself in Sydney's competitive luxury jewellery market.
A qualified gemmologist, diamond grader and jewellery valuer, she developed her expertise working with prestigious jewellery and auction businesses, including Sotheby's in London and Bulgari in Sydney.
Her business began with bespoke engagement rings and later expanded into a wider fine jewellery collection.
In a February 2026 interview with Homes To Love, Olivia recalled starting by designing pieces for herself and received such positive feedback that she decided to launch a small online collection in 2021.
Olivia’s business is now an established jewellery house based in Sydney’s historic Trust Building on King Street. (Pictured: Jewellery by Olivia Bond)
'It went really well and just took off from there,' she said of the early success.
The designer offers bespoke services as well as ready-to-wear collections, with designs featuring diamonds, coloured gemstones, and distinctive gold detailing.
A November 2023 Australian Financial Review profile reported that her business had outgrown its original premises and was moving into a larger space within the building.
Like Lisa, Olivia's brand is built around jewellery designed to be worn for years and eventually passed down as family heirlooms.
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