The company had a solid second quarter, with sales of non-charm jewelry outpacing sales of pieces in its core collections.
Colored Stone Expert and Wholesaler David Patterson Dies at 89
He helped develop a process to synthesize alexandrite and founded manufacturer and wholesale company Geminex in the 1970s.
Patterson was born in Colorado in 1933 and attended Colorado State University, where he graduated with a degree in mechanical engineering.
But gemstones always called to him, ICA said. Patterson designed and built his own faceting machine and taught himself lapidary.
He also learned and developed the process to grow alexandrite.
In 1970, he contacted a group that had synthesized alexandrite and emerald and eventually started working with them, according to a column Patterson wrote that appeared as part of an article in the Gemmological Association of Great Britain’s Journal of Gemmology in 2012.
They had grown the crystals through one method but were starting to look at growing them via seeding.
When one of the team members was set to move to a new job, they asked Patterson if he wanted to buy the operation. He did, establishing Creative Crystals and stepping into the role of president.
Creative Crystals continued to develop the process, introducing its lab-grown alexandrite to the market officially at the 1972 AGS convention in New Orleans.
Though it drew “a significant amount of interest” there, according to the article, they still ran into plenty of resistance from jewelers.
“We came to believe the cost of marketing would exceed the size of the market. Therefore, we concluded it was a dead-end project for us.”
They sold the operation in 1979 to a limited partnership.
Patterson also started a gemstone manufacturing and wholesaling company called Geminex Corp. in 1975 in California.
Patterson was a longtime member of the ICA who established many relationships around the world throughout his career.
“He shared his knowledge and love of gemstones with all. He loved his alexandrite with a passion,” the organization said in an email remembrance.
The Latest

Taylor Swift dons the vibrant pair in new promotional imagery for her upcoming album, “The Life of a Showgirl,” set to release in October.

Its investment in micromechanics expert Inhotec will preserve skills essential to the watchmaking industry as a whole, said the company.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

Nicolette Bianchi joins the wholesale provider with more than 15 years of cross-industry experience in marketing and product development.


Her new “Ocean” collection was inspired by Myanmar’s traditional articulated fish jewelry, with depictions of flounder, catfish, and more.

Longtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

Model Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.

Three winners will receive a custom ring from Honest Hands Ring Co. inlaid with a piece of history from Denver-based distillery Stranahan’s.

JD Sports and Wawa were among the fastest-growing retail companies in the U.S. last year.

The new inventory, all untreated, features vibrant hues and unique bicolor combinations.

Acquired by a tech investor, the historic brand will continue to focus on jewelry, accessories, and timepieces.

President Donald Trump issued an executive order extending the pause on higher tariffs to November as negotiations with China continue.

The “Thunderbird Slab” collection features a thunderbird motif as a symbol of power, protection, and boundless possibility.

Columnists Jen Cullen Williams and Duvall O’Steen share tips on how to elevate your professional image.

Peter Damian Arguello, a jeweler in the Denver suburb of Wheat Ridge, was found dead inside his store in November 2023.

The retailer, owned by Berkshire Hathaway, is becoming part of the Berkshire Hathaway Jewelry Group with Helzberg.

The Continental Buying Group’s 2025 Tampa Experience Show is slated for Sept. 8-10.

Associate Editor Lauren McLemore recently attended a fabrics trade show where a trend forecaster shared her predictions for summer 2027.

The company raised its full-year sales guidance while noting it has not yet assessed the potential impact of the latest tariff news.

The organization has raised more than $1.3 million for charity since its inception.

The brand’s latest iteration of a bezel-set diamond bangle features clean lines and a timeless design for a new modern silhouette.

The first watch in the series commemorates his participation in the Civil Rights movement, marching from Selma to Montgomery in 1965.

The catalog contains a complete listing of all the loose gemstones in stock, as well as information about the properties of each stone.

The company added a retailer dashboard to its site and three new birds to its charm collection, the cardinal, blue jay, and hummingbird.

An additional 25 percent tariff has been added to the previously announced 25 percent.