Author: Ruchi Singla

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,…

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 Criteria The 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…

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 Jewelers The 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…

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 Collaboration The 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…

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 Details The 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…

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 Highlights The 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 Awards The event will close with the AGA Gala, featuring dinner, cocktails, dancing, and networking. 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 Indicators Gross 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…

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…

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 Counterfeiting The 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…