Author: Ruchi Singla

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 DemandThe renewed interest in marquise, emerald, cushion, and radiant cuts comes as lab-grown diamond…

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 WinnersAGTA GemFair Tucson attendees selected one winner from the Spectrum division and another from Cutting Edge.Spectrum Buyer’s Choice Award WinnerMatthew Tuggle of Tuggle Designs received the Spectrum Buyer’s Choice Award for his piece, the “Whisper of the…

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 ServicesLocated at 16 N. Meridian St. in the Guaranty Building, Windsor Jewelry specializes in engagement rings, custom designs, fine jewelry, and watches, along with repair…

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 Manhattan, with…

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 RelationshipsThe 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 strong relationships with customers,…

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 TrainingThe workshop will include expert-led sessions on:These sessions will cover both traditional and modern techniques…

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 FeaturesThe Platinum Source Book allows users to search by category or company name to locate suppliers of platinum materials and services. The directory includes:Industry AccessibilityPGI 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 of platinum-related products and services.…

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-UpThe 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 of luxury objects. The…

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 EvasionBetween 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 Turkey and India…

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 ‘25Updated Format and AgendaBased 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.Educational Sessions and SpeakersThe speaker…

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 FundJewelers 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 OfferedJewelers Mutual has outlined key services for…

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 DiscoveryThe 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 who operated out…

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 by 4.2%…

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 DetailsThe 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, Equity, Inclusion, and…

The Jose Hess Design Awards has opened submissions for its 2025 competition. Named after the late designer, the awards aim to support innovation in fine jewelry design and recognise emerging and established talent in the industry.This year’s theme, “Radiance,” encourages designers to create jewelry that reflects beauty and timelessness, with the potential to become treasured heirlooms.Competition Overview and CriteriaThe awards honour the legacy of Jose Hess, a renowned designer instrumental in promoting design-driven jewelry during his five-decade career. Known for his contributions to the industry, Hess was a graduate of the Gemological Institute of America (GIA), the first American President…

The Jewelers Vigilance Committee (JVC) has introduced a new guide to help jewelry businesses comply with the Americans with Disabilities Act (ADA). Designed specifically for the needs of the jewelry trade, the resource outlines steps to ensure accessibility for all customers, whether in-store or online.The guide, funded through a grant from the JCK Industry Fund, is available for free on JVC’s website.Focus on Accessibility for JewelersThe ADA Compliance Guide provides an overview of ADA requirements and practical strategies for compliance. Key topics include:Support from the JCK Industry Fund“JVC is committed to supporting our members in creating welcoming and accessible environments for…

The London Diamond Bourse (LDB) has announced the launch of its Women’s Network, an initiative designed to support women across the diamond and jewelry sectors.A Platform for Connection and CollaborationThe Women’s Network is intended to bring together women working in the diamond and jewelry industry to connect and exchange insights. The initiative reflects the LDB’s efforts to promote diversity and inclusion, as outlined by its Council of Management.The first event, titled Coffee and Diamonds, was held at the LDB in December 2024 and provided attendees with the chance to share experiences and discuss industry-related topics in an informal setting.Driving Diversity…

The Jewelers of America (JA) and the Diamond Council of America (DCA) have launched a relief fund to assist jewelry retailers and manufacturers whose businesses were affected by the recent wildfires in the greater Los Angeles area. The fund is designed to assist jewelry businesses recovering from physical damages caused by the wildfires.Donations can be made online, by check, or through an invoiced payment request.Donation and Application DetailsThe relief fund, managed by the Diamond Council of America, operates as a 501(c)(3) charitable entity. Donations may be tax-deductible under federal regulations.Eligible recipients include full-time retail jewelry stores and fine jewelry manufacturers whose…

The Accredited Gemologists Association (AGA) has announced that its 2025 Tucson Gemological Conference and Gala will take place on Wednesday, February 5, 2025, in Tucson, Arizona. This annual event offers educational sessions and an evening of networking and celebration for the gemological community.Conference HighlightsThe 2025 conference will feature six presentations on significant topics in gemology, led by industry experts. Speakers include:These presentations will focus on advancements in gemological science, new applications of technology, and insights into gemstone origins.AGA Gala and AwardsThe event will close with the AGA Gala, featuring dinner, cocktails, dancing, and networking. The gala will also celebrate the…

The National Retail Federation (NRF) has reported promising economic conditions as the U.S. transitions into 2025. According to NRF Chief Economist Jack Kleinhenz, the U.S. economy ended 2024 on solid footing, supported by a resilient labor market, steady economic growth, and declining inflation.Economic Growth and Key IndicatorsGross domestic product (GDP) growth for 2024 was estimated at 2.7% over 2023, supported by consumer spending and wage growth above inflation levels. The NRF forecasts GDP growth for 2025 between 2% and 2.5%, though this remains uncertain given potential changes in trade, immigration, regulation, tax, and federal spending policies.Key economic indicators cited by…

Registration is now open for JCK 2025, one of the jewelry industry’s most prominent global trade shows. Organised by RX, the event will take place from June 6–9, 2025, at the Venetian Expo and Venetian Resort in Las Vegas. It will bring together professionals from across the jewelry sector for networking, trend discovery, and educational sessions.Luxury, a curated portion of the show, will begin on June 4 and 5, with access limited to invitation-only attendees. Starting June 6, it will open to all JCK badge holders. Certain sections of the event, including the AGTA GemFair™, GEMS Pavilion, and Hong Kong…

U.S. Customs and Border Protection (CBP) officers at the Champlain Port of Entry recently intercepted multiple shipments of counterfeit Tiffany & Co. jewelry between December 2024 and January 6, 2025, during inspections at the Cargo Facility of the Champlain Port of Entry. If the items had been authentic, they would have carried an estimated Manufacturer Suggested Retail Price (MSRP) of $29,989.Efforts to Combat CounterfeitingThe counterfeit items were identified during routine inspections aimed at curbing the importation of fraudulent merchandise. CBP officers conducted detailed examinations to confirm the infringement of trademarks registered with the U.S. Patent and Trademark Office and recorded through…

Jewelers for Children (JFC) has launched a Round-Up Program to make charitable giving simpler for retailers and customers. The program enables customers to round up their purchases to the nearest dollar at checkout, with the additional amount, between $0.01 and $0.99, donated to JFC. It uses existing point-of-sale (POS) systems for easy integration.Nick Gurney, General Manager of Jewel360, emphasised the ease of use, stating, “Jewelers for Children is one of the most impactful charities in the industry, which made them our number one choice when deciding who to partner with for our initial round-up donation offering,” stated Nick Gurney, General…

The Indian Diamond & Colorstone Association (IDCA), a New York City-based trade organisation representing jewelers, diamantaires, and color stone dealers, has announced its newly elected Board of Directors and Executive Committee for 2025. The elections were finalised during the INCAs December 6, 2024, meeting.Leadership for 2025The following individuals have been elected to the IDCA Executive Committee for 2025:These appointments reflect the association’s ongoing leadership structure and focus on supporting its objectives in the jewelry industry.Newly Elected DirectorsSix new members have joined the IDCA Board of Directors for 2025:The addition of these directors brings a range of expertise to the Board,…

Registrations are now open for The Jewelry Industry Spring (JIS) Show, which will take place from 9–11 March 2025 at the Miami Beach Convention Centre. This trade-exclusive event focuses on immediate and seasonal sourcing needs, aligning with key retail periods such as Mother’s Day, the wedding season, and graduations.The show will feature over 300 exhibitors, offering a broad selection of products, including fine jewelry, diamonds, lab-grown diamonds, fashion jewelry, and equipment.Exhibitor Highlights and Dedicated PavilionsJIS Spring 2025 will include dedicated pavilions to help buyers navigate the exhibition effectively. These pavilions will feature:Prominent brands attending include A.V. Diamonds, BA Gold, Heera Moti,…

A high-profile robbery in Queens, New York, ended in the swift apprehension of two suspects thanks to the victim’s foresight in using Apple AirTag technology. The theft, involving $500,000 worth of jewelry, took place in broad daylight outside a local pizzeria and underscores the growing role of technology in crime prevention and recovery.The IncidentOn a recent afternoon, 50-year-old Sandro Angiolini was attacked outside Rosa’s Pizza on 21st Street in Queens. As Angiolini exited his car, a black SUV pulled up, and three men emerged to ambush him. According to witnesses, the suspects forcibly wrestled a silver suitcase from Angiolini, punching and…

Edward N. DeCristofaro, president of LDC Inc. in Providence, Rhode Island, has been elected chair of the MJSA board of directors. DeCristofaro previously served as MJSA board chair from 2012 to 2014, during which time the organisation relocated its headquarters to Attleboro, Massachusetts. He has remained an active member of the board as an officer at large since then.Since becoming the sole owner of LDC Inc. in 2003, DeCristofaro has led the company’s operations and introduced proprietary manufacturing processes. His industry affiliations include serving on the boards of the Jewelers Board of Trade and memberships in the Twenty-Four Karat Club of…

The Women’s Jewelry Association (WJA) Foundation has announced the 2024 recipients of its Ella Klein Internship program, Jamie Dunton and Gabriella Botelho. Sponsored by Julius Klein Diamonds (JKD), the program offers participants hands-on training to help prepare them for careers in the diamond and jewelry industries.Practical Training for Aspiring ProfessionalsThe Ella Klein Internship is organised by the WJA Foundation in collaboration with JKD. This initiative provides selected participants with opportunities to gain experience in the diamond trade through direct engagement with industry professionals. Mark Klein, Vice President of JKD, stated, “Investing in education and training is essential for success in this…

A new study from the National Retail Federation (NRF), conducted in collaboration with the Loss Prevention Research Council and sponsored by Sensormatic Solutions, highlights a significant rise in retail theft and violence since the pre-COVID era. The report, titled The Impact of Retail Theft & Violence 2024, outlines the challenges retailers face as they address increasing threats to their operations, employees, and customers.Rising Theft and Financial LossesThe study reports a 93% increase in shoplifting incidents from 2019 to 2023, with a 90% rise in related dollar losses. Retailers surveyed experienced an average of 177 shoplifting incidents per day in 2023, though…

Bedford Jewelers, a long-standing jewelry store in the Great Road Shopping Center, has reopened under a new name and leadership, ensuring the continuation of a family business established in 1954.The store, now called Cormier Fine Jewelry, is managed by Kyle Cormier, the great-grandson of the original founders, Althea and Arthur Bishop.The reopening marks a significant transition for the business, which was initially scheduled to close following the retirement of Shirley O’Connor, Cormier’s grandmother, who had been running the store for decades.From Closure to RevivalThe decision to reopen followed a strong community response during the store’s going-out-of-business sale in mid-October. Cormier,…