Last updateTue, 21 Jan 2020 10pm

On The Move

Russell Korman Jewelry gains new owners

Longtime industry family will carry on tradition, expand fine jewelry and timepiece collections

(AUSTIN, Tex.) - For 45 years, Russell “Rusty” Korman built a reputation as an Austin, TX leading independent jeweler on the bedrock values of honesty, integrity and generously contributing to the community. These values will live on at Russell Korman Fine Jewelry - but without the company’s eponymous founder following the recent sale of the business to jewelers Larry and Kat Stokes. 

Richmond, VA jewelers join to raise over $11,000 for Children’s Hospital Foundation

(RICHMOND, VA) - Richmond, VA Jewelers are pleased to announce that their 2018 Jewels for Children raffle raised $11,275 for the Children’s Hospital Foundation of Richmond at the 55th Annual Children’s Hospital Foundation Ball. The annual raffle, organized by Cheryl Fornash of Cheryl Fornash Jewelers, has raised over $114,000 in support of Richmond-area non-profit organizations since 2009.

Renaissance Jewellery acquires Jewelmark & Simply Diamonds

Renaissance e(NEW YORK) - In a sign of the growing importance of brands in the global jewelry market, India’s publicly-listed Renaissance Jewellery Ltd. (RJL) has acquired privately-held Jay Gems Inc. of New York, the parent company of Jewelmark, Simply Diamonds and Enchanted Disney Fine Jewelry. The purchase is valued at $26 million.

Two historic Arkansas jewelers announce merger

(HOT SPRINGS, Ark.) - In a move to enhance their long-standing legacies, two revered Arkansas jewelry families have announced a new ownership agreement. Lauray’s the Diamond Center of Hot Springs, family-owned since 1924, will be acquired by Murphy-Pitard Jewelers of El Dorado, in business since 1939.  This “marriage” of jewelry tradition is motivated by the strong commitment of both owners to continually improve customer service and to remain an integral part of their respective communities.

Wilkerson names Richard Hayes President

Wilkerson websiteRichard Hayes, President of Wilkerson.(STUTTGART, Ark.) - Wilkerson named Richard Hayes as its new president at its recent annual conference September 24-28, 2018. The Stuttgart, Arkansas, based company is the nation’s largest national independent jewelry liquidator by volume. Hayes succeeds company founder Bobby Wilkerson, who will remain as the company’s Chairman of the Board.