Author: Ruchi Singla

Signet Jewelers has informed its suppliers that it will not accept cost increases resulting from the latest U.S. tariffs on global imports. In a letter to vendors, CEO J.K. Symancyk stated that pricing must remain consistent with current agreements for all outstanding and in-progress orders. Policy Applies to All Current and In-Process Orders The directive applies to a wide range of purchase categories, including all asset purchase orders currently in production or previously placed for future shipment. It also includes memo inventory held by Signet, as well as memo items in process or secured for future import. Orders fulfilled through…

A collection of more than 40 natural coloured diamonds, assembled by Ronald Winston over a period of 60 years, is now on public display at the Smithsonian National Museum of Natural History in Washington, D.C. Known as the Winston Fancy Color Diamond Collection, the exhibition features a range of rare stones, with the 2.33-carat “Winston Red” diamond as its centrepiece. The collection is now housed in the museum’s Winston Gallery, part of the Hall of Geology, Gems, and Minerals. The gallery shares its name with Ronald Winston’s father, jeweller Harry Winston. Addition to the Smithsonian’s Gem Holdings The collection joins…

The Natural Diamond Council (NDC) has launched the Diamond Learning Center, a new free digital platform designed to provide accessible education on diamonds for jewelry professionals and enthusiasts. Accessible at diamondlearningcenter.org, the site aims to improve knowledge of the differences between natural diamonds, laboratory-grown diamonds, and simulants. The platform is mobile-compatible and designed for independent use. Content and Learning Structure The Diamond Learning Center includes more than 25 short videos addressing frequently asked questions, as well as four self-paced educational modules covering: Users receive certificates upon completing each module. A “Train the Trainer” section provides workshop materials and facilitator guides…

The British Academy of Jewelry (BAJ) held Jewelry for a Cause, a charity event on Thursday 13 February, at its recently acquired Camden Town campus. The event featured work by students from the BA (Hons) Jewelry Design and Production course and welcomed over 100 attendees, including industry professionals, students, staff and members of the BAJ community. Designing for Charitable Causes First- and second-year students collaborated in mixed-year groups to design and present both statement ‘hero’ pieces and affordable charity items, each priced under £5. The project involved designing jewelry in support of selected charitable causes. Groups also produced short films…

The American Gem Society (AGS) has introduced two professional development initiatives aimed at enhancing the skills and knowledge of retail and supplier-side jewelry professionals. Jewelry Evaluation Advisor (JEA): Focus on Intake and Quality Control The Jewelry Evaluation Advisor (JEA) program provides training for retail and supplier associates in handling jewelry intake and maintaining quality control. The curriculum covers: Participants who complete the JEA program, along with the AGS 101 course, are awarded the JEA designation. Kevin Mays, CGA, Chair of the AGS Education Committee, stated: “The JEA began as a vision from the American Gem Society’s Education Committee just two…

A collaborative effort between the Accredited Gemologists Association (AGA), Stuller, and GCAL by Sarine has resulted in the development of Certified Hybrid Diamond Master Sets. By combining natural and lab-grown diamonds, these sets offer an alternative to traditional all-natural master sets, which have become less available and more costly. The AGA Board of Governors has unanimously approved these hybrid master sets for use in the Certified Gemological Laboratory (CGL) program. GCAL by Sarine has been authorized as an approved grading laboratory for certifying the sets. Under the AGA-CGL program, gemological laboratories of appraisers and jewelers must meet specific equipment and…

The Jewelers Vigilance Committee (JVC) has announced that Alan Zimmer, President and CEO of REEDS Jewelers, will receive the Stanley Schechter Award at its annual luncheon on March 14, 2025. The event will take place at the Pierre Hotel in New York City. Recognizing Industry Leadership The Stanley Schechter Award is given to individuals who demonstrate leadership, integrity, and a commitment to upholding ethical standards in the jewelry industry. The award, established in 2002, honors the legacy of Stanley Schechter, founder of Honora Industries, who dedicated over 50 years to promoting ethics and integrity in the trade. Sara Yood, JVC’s…

The Jewelry Symposium (TJS), an annual international event dedicated to the advancement of jewelry manufacturing technology, has awarded five scholarships for its 2025 edition. The scholarships, supported by C&J Jewelry, Dougherty Charitable Fund, Mano Acero Jewelry, Stuller, and TechForm Advanced Casting, have been granted to two emerging designers, two fine jewelry apprentices, and one young jewelry professional. Addressing Industry Workforce Challenges Linus Drogs, Chairman of the Board at TJS, highlighted the increasing number of high-quality scholarship applications and emphasized the importance of developing new talent in the industry. “Given the attrition of skilled workers happening in our industry, we could…

The Gemological Institute of America (GIA) and the Gianmaria Buccellati Foundation have awarded the eighth annual Gianmaria Buccellati Foundation Award for Excellence in Jewelry Design to Eleanor H. Yeh, a 2024 graduate of GIA’s London campus. Yeh was recognized for her hand-rendered jewelry design, which was selected from 14 finalists representing GIA schools worldwide. The announcement took place on February 7 during the GIA Alumni Collective celebration in Tucson, Arizona. GIA President and CEO Susan Jacques, along with Larry French, Chief Officer for North American Strategies of the Gianmaria Buccellati Foundation, presented the award. Award-Winning Design and Selection Process An…

Jewelers of America (JA) has introduced a new sales tool aimed at equipping jewelry store associates with clear information on natural and lab-grown diamonds. The resource, titled Counter Intelligence: Just the Facts about Natural & Lab-Grown Diamonds, is designed to help retail staff address customer inquiries, helping customers understand key differences when making purchasing decisions. Overview of the CounterIntelligence Guide The guide is a full-color, laminated brochure intended to serve as a reference tool at jewelry store counters. Sponsored by Synchrony, the resource presents objective insights on the similarities and differences between natural and lab-grown diamonds. Topics covered include diamond…

Chris Ploof, designer and founder of Chris Ploof Designs, has launched a new vertical shorts video series on YouTube in collaboration with Engagement101. Titled Conversation with Chris Ploof, the six-part series covers Ploof’s background as a jeweler, his approach to sustainability, and advice for men shopping for wedding bands. The series includes behind-the-scenes footage from Ploof’s Central Massachusetts studio, where he works with modern metals such as Damascus steel, mokume gane, and meteorite. The first five episodes are now available on YouTube, with the final episode of Season 1 scheduled for release at the end of March 2025. Digital Storytelling…

New York diamond dealer Manashe Sezanayev, owner of Rachel’s Diamonds in Manhattan’s Diamond District, has pleaded guilty to grand larceny after swapping natural diamonds with lab-grown substitutes, resulting in losses exceeding $400,000 for two merchants. Sezanayev is expected to receive five years of probation and has already paid $200,000 in restitution, according to the Manhattan District Attorney’s Office. One of the stolen diamonds has been returned. Details of the Case Prosecutors outlined two incidents in which Sezanayev misled sellers by substituting their natural diamonds with lab-grown stones altered to look identical. Legal Proceedings Sezanayev was initially charged with two counts…

The Jewelers Vigilance Committee (JVC) has announced that Botswana’s Minister of Minerals and Energy, the Honorable Bogolo Kenewendo, will be the keynote speaker at its annual luncheon on March 14, 2025, at the Pierre Hotel in New York City. Minister Kenewendo will join JVC President, CEO, and General Counsel Sara E. Yood, Esq. in a discussion on Botswana’s role in the diamond market and the impact of its increasing direct diamond sales. Implications for the Diamond Supply Chain The agreement, finalized in 2023, increased Botswana’s share of rough diamond supply and expanded its independent sales. The shift is expected to…

Stuller has announced a partnership with LaserStar Technologies, adding the company’s laser welding systems to its product lineup. This follows Coherent-Rofin’s exit from the jewelry sector, providing jewelers with an alternative supplier for laser welding technology. LaserStar Technologies provides laser welding systems used in jewelry manufacturing and repair. Expanded Product Offering and Support Stuller is introducing a selection of LaserStar welding equipment for different jeweler needs. “We are thrilled to welcome LaserStar into our product lineup,” said Tiffany Adams, executive director of merchandising at Stuller. “Their innovative technology enhances our selection, allowing us to offer even more solutions that meet…

Thailand-based gemstone manufacturer Navneet Gems & Minerals has launched a new wholesale collection of unheated Montana sapphires, sourced from the Rock Creek mines. The collection includes 1-3 carat stones in commercial to fine qualities and was introduced at the recent GJX Tucson show. “Montana sapphires are very popular right now, especially in the North American market, thanks to their ethical sourcing, unique colors and recognition as high-quality gems,” said Navneet Agarwal, Director of Navneet Gems & Minerals. Characteristics and Sourcing Montana sapphires from the Rock Creek mines, operated by Potentate Mining, are known for their range of colors, including blues,…

Jewelers Mutual Group has integrated Gemological Institute of America (GIA) diamond grading reports into its Jewelry Appraisal Solution, an update designed to streamline the jewelry appraisal process. The appraisal software now connects with GIA’s Report Results API, allowing jewelers to retrieve grading data automatically by entering a report number. The integration also incorporates pricing data from Gemworld, a recognized authority in gem pricing and market insights. This update reduces manual data entry and the risk of human error. How the Integration Works Jewelers using the Jewelry Appraisal Solution can now: This feature provides a more automated and structured approach to…

GN Diamond, a supplier of natural diamonds to over 5,500 retail jewelry stores, reports a continued resurgence in demand for marquise, emerald, elongated cushion, and radiant diamonds. While round and oval diamonds remain the most popular choices, recent sales trends indicate increasing consumer interest in these alternative shapes. As a major diamond supplier, GN Diamond has visibility into broader market trends that individual retailers may not see. The company tracks sales data across its network of jewelry stores, helping retailers identify shifts in consumer preferences. Market Shifts in Diamond Demand The renewed interest in marquise, emerald, cushion, and radiant cuts…

The American Gem Trade Association (AGTA) has announced the winners of the 2024 Spectrum & Cutting Edge Buyer’s Choice Awards. Selected by AGTA GemFair Tucson attendees, the awards recognize standout jewelry and gemstone designs from the broader Spectrum and Cutting Edge Award winners. The results were revealed during the Spectrum Awards Gala on February 8, 2025, at the Tucson Convention Center. 2024 Buyer’s Choice Award Winners AGTA GemFair Tucson attendees selected one winner from the Spectrum division and another from Cutting Edge. Spectrum Buyer’s Choice Award Winner Matthew Tuggle of Tuggle Designs received the Spectrum Buyer’s Choice Award for his…

At a time when store closures are increasingly common in the jewelry industry, stories of business continuity stand out. Windsor Jewelry, a 106-year-old retailer in downtown Indianapolis, has been acquired by local business leaders Fernanda Beraldi and Ed Broecker. The purchase, finalized on February 1, keeps the business open following the retirement of former owner Greg Bires. The store will retain its current team and service offerings while undergoing planned updates. Business to Continue with Existing Team and Services Located at 16 N. Meridian St. in the Guaranty Building, Windsor Jewelry specializes in engagement rings, custom designs, fine jewelry, and…

Two individuals have been charged with conspiracy to receive stolen property in connection with an alleged fencing operation based in Manhattan’s Diamond District. According to an unsealed indictment, Dimitriy Nezhinskiy and Juan Villar are accused of purchasing and reselling luxury goods stolen from residences and businesses across multiple states. The indictment was announced by John J. Durham, United States Attorney for the Eastern District of New York, along with officials from the Federal Bureau of Investigation (FBI), the New York City Police Department (NYPD), and the Nassau County Police Department (NCPD). Nezhinskiy was arrested in New Jersey and Villar in…

The Independent Jewelers Organization (IJO) held its second annual NextGen Jewelers Workshop from January 18-20, 2025, in Savannah, Georgia. The event hosted 57 attendees from 33 IJO retail stores, IJO headquarters, and seven supplier sponsors for three days of industry-focused discussions and training. Focus on Business Relationships The workshop focused on the importance of relationships in business operations. IJO President Stephen Barnes emphasized this in his remarks, stating: “This year, we wanted to build on some of the foundational principles we explored last year. “We chose to focus on relationships and how important they are in growing our businesses. Building…

Stuller has announced the return of its Bench Jeweler Workshop, scheduled for March 28-29, 2025, at the company’s headquarters in Lafayette, Louisiana. The event will feature hands-on training, demonstrations, and educational sessions covering a range of industry skills. “This workshop offers an opportunity for bench jewelers to stay ahead of the latest industry advancements,” said Tiffany Adams, executive director of merchandising at Stuller. “With sessions tailored to meet diverse skill levels, attendees can customize their experience by selecting from a variety of classes and demonstrations.” Sessions and Training The workshop will include expert-led sessions on: These sessions will cover both…

Platinum Guild International USA (PGI USA) has launched the digital Platinum Source Book, an online resource to help manufacturers, designers, retailers, and service providers find platinum-related products and services. Part of PGI USA’s Platinum Learning Center, the Source Book serves as a directory for industry professionals. Categories and Features The Platinum Source Book allows users to search by category or company name to locate suppliers of platinum materials and services. The directory includes: Industry Accessibility PGI USA Senior Vice President Kevin Reilly noted the organization’s goal in creating this resource: “We are regularly fielding inquiries for recommendations for a myriad…

The NYC Jewelry, Antique, & Objects Show (NYCJAOS) will return for its second annual edition from 5–7 April 2025 at the Metropolitan Pavilion in Chelsea, New York. Organised by KIL Promotions, the event follows the rebranding of the former NYC Jewelry & Object Show. Event Details and Exhibitor Line-Up The three-day event will be open to the public from 11:00 am to 6:00 pm on Saturday and Sunday, with Monday’s session closing at 4:00 pm. A dealer and press preview will take place on 4 April. NYCJAOS will feature more than 100 exhibitors, including antique galleries, jewelry designers, and makers…

Monishkumar Kirankumar Doshi Shah, a jeweler with operations in New Jersey and New York’s Diamond District, has been sentenced to 30 months in prison for evading customs duties and operating an unlicensed money transmitting business. The schemes involved evading duties on over $13.5 million in imported jewelry and processing more than $10.3 million in illegal financial transactions, according to the U.S. Attorney’s Office for the District of New Jersey. Customs Duty Evasion Between December 2019 and April 2022, Shah orchestrated a scheme to avoid paying U.S. customs duties by misrepresenting the country of origin for jewelry imports. Goods originating in…

The Plumb Club, in partnership with JCK and founding sponsor Jewelers Mutual, will host the second annual Symposium on Thursday, March 13, 2025, at City Winery, Pier 57, in New York City. The event is designed to offer education and networking opportunities for jewelry professionals during the city’s jewelry-focused events that week. Key Features of Symposium ‘25 Updated Format and Agenda Based on feedback from its 2024 debut, Symposium ‘25 will include a new format, venue, and speaker lineup. Input from a committee of retail advisors helped shape the event to focus on key issues relevant to the jewelry industry.…

Jewelers Mutual Group has introduced measures to assist the jewelry industry following wildfires in Southern California. These services are designed to help jewellers protect their assets, secure their businesses, and address challenges caused by the disaster. Doubling Contributions to the Jewelers Relief Fund Jewelers Mutual is matching donations made to the Jewelers Relief Fund, an initiative led by Jewelers of America and the Diamond Council of America. This fund is dedicated to aiding retail jewelry stores and jewelry manufacturers whose operations have been affected by the wildfires, particularly in the greater Los Angeles area. Support Services Offered Jewelers Mutual has…

The Federal Bureau of Investigation (FBI) has arrested four men in Miami in connection with an alleged plan to kidnap and rob a Florida jeweler of $2 million in cryptocurrency. The suspects—identified as Evan Puckett, 18, Tre’von Anthony Neal, 20, Zacary Briggs, 22, and Aaron Hammond, 21—have been charged with kidnapping conspiracy, attempted kidnapping, robbery conspiracy, and attempted extortion. Investigation and Discovery The investigation began on January 6 when a confidential informant notified law enforcement about the scheme. According to court filings, the informant reported that a man known as “Jack” was recruiting individuals to assist in kidnapping a jeweler…

The number of jewelry businesses in the United States declined in 2024, with closures surpassing new entrants, according to data from the Jewelers Board of Trade (JBT). The JBT reported that 720 jewelry businesses closed in 2024 – a 15% increase in closures compared to 2023. Of these, three were due to bankruptcy, 102 were the result of mergers or acquisitions, and 615 ceased operations for other reasons. The closures primarily impacted the retail sector, which contracted by 3.2% to 17,124 businesses. The wholesale and manufacturing sectors also declined, with wholesalers decreasing by 2.8% to 3,284 businesses and manufacturers falling…

Tiffany & Co., in collaboration with the Council of Fashion Designers of America (CFDA), has announced Jameel Mohammed as the first recipient of the Tiffany & Co. x CFDA Jewelry Designer Award. The award, created to recognise exceptional American jewelry designers who demonstrate a commitment to inclusivity within the design industry, provides Mohammed with $50,000 and a one-year paid fellowship with Tiffany & Co.’s design department. The Award Ceremony and Program Details The announcement was made during an intimate cocktail reception hosted at Tiffany & Co.’s iconic Fifth Avenue flagship, The Landmark. Tiffany & Co.’s Global Vice President of Diversity,…