The stone’s two zones, one pink and one colorless, may have formed at two different times, the lab said.
Foundrae Opens Its First Store
The cult fine jewelry brand has set up shop—complete with a functioning library—in downtown New York City.

Designer Beth Bugdaycay opened the brand’s first brick-and-mortar retail location in March on the ground floor of 52 Lispenard Street in downtown Manhattan’s Tribeca neighborhood.

“The time to open a retail space was right because I really enjoy one-on-one experiences with our customers and am inspired by the interaction,” Bugdaycay explained to National Jeweler. “I wanted to build a place where I can have that interface with the customer, and the customer can be there with the jewelry and have the ability to get creative and build their perfect story.”
The building was originally constructed in 1867. The landmarked, cast iron structure had been victim to a fire and two floods, and was rebuilt by Bugdaycay’s husband, Murat Bugdaycay, a developer, and Angus Pond Architects.
Like Foundrae’s jewelry, everything about the store is imbued with personal and sentimental elements.
The 2,200-square-foot space boasts 18-foot high ceilings. The flooring is made of hand-selected Calcutta marble, which Murat embedded with a bronze Foundrae logo as a birthday surprise for his wife. Solid, hand-hewn wood beams recovered from the original building make up part of the staircase.
Bugdaycay described the store’s interior as “warm and inviting, less like a store and more like my home. A lot of the artwork and books you’ll find throughout the space came from my home, and they are reminders of what I have collected throughout the years.”

Books have a central role in the space: walls are lined with white oak bookcases that house tomes from Bugdaycay’s personal library. Many of the volumes are signed by their authors, and two are authored by Bugdaycay’s ancestor—“The Woman Said Yes” and “The Friendly Persuasion” by Jessamyn West.
The books aren’t merely part of the décor; customers can check them out, free of charge.
“I read a ton,” the designer said. “We were trying to figure out ways that we can be inclusive and build a community; for example, having books that people can check out at no expense. Books are a big part of my inspiration, and I want my customers to feel inspired by books as well.”
Foundrae’s flagship also will be home to an on-site jeweler for free-of-charge customization with jewelry purchases.
The décor is completed by refurbished leather chairs from the 1970s embossed and stamped with Foundrae designs, porcelain sculptures by Kate MadDowell and Juliette Clovis that Bugdaycay commissioned for her first New York Fashion Week presentation, a modern oil painting by Tyler Hays of BDDW, as well as antiques such as Austrian bronze snake andirons from the late 1800s and a French mid-century barometer by Jacques Adnet.
Foundrae is open Monday to Friday from 11 a.m. to 7 p.m. and Saturday from 11 a.m. to 6 p.m.

The Latest

Hollywood glamour meets Milanese sophistication in the design of Pomellato’s new store in Beverly Hills, California.

The New York City store showcases a chandelier with 1,500 carats of lab-grown diamonds designed by an FIT student.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

The Museum of Arts and Design's new exhibition features 75 pieces by the designer, best known for her work in the “Black Panther” films.


Making its auction debut, "The Glowing Rose" is expected to fetch $20 million at the November jewelry sale in Geneva.

They were attacked on Oct. 15, as approximately 40 miners without licenses marched on the mine’s gate.

The upcoming show provides savvy retailers with the opportunity to stock their cases with best sellers in advance of the holiday season.

It took the masked thieves less than 10 minutes to steal eight irreplaceable jewels from two display cases in the museum’s Apollo Gallery.

Gemologist Lauren Gayda has previously worked at The Clear Cut, Taylor & Hart, and Effy Jewelry.

The new showcase dedicated to Italian jewelry design is set for Oct. 29-30.

Take a gaze at the sky with this pair of platinum diamond-set star earrings with blue lace agate drops.

The new high jewelry design and production process takes 30 days or less from concept to completion, the auction house said.

The holiday catalog for 2025 features never-before-seen images of more than 100 one-of-a-kind masterpieces.

The brand has released a second installment of its collection of traditional and non-traditional commitment heirlooms.

Corey rescued New England chain Day’s Jewelers, preserving its legacy with strong people skills, pragmatism, and a “get-it-done” attitude.

Charles Robinson Shay was sentenced to life in prison plus 120 years while his accomplice, Michael James McCormack, got 75 years.

Timepieces at Luxury will take place at The Venetian and, like Luxury, will be invitation-only for the first two days.

The auction house named a new global head of jewelry, as well as a new head of the jewelry department for the Americas.

As chairman of Schwanke-Kasten Jewelers, Tom Dixon has been tasked with honoring the past and shaping the future of the family-run store.

Katty Villapando Lyte and Mica Rencher received a $10,000 grant for their business, Shimmer Culture LLC.

The parents of the Dallas Mavericks rookie bought their engagement ring at a Day’s store in Bangor, Maine, in 1997.

The UK-based brand sourced the gemstones, which are fully traceable, from an artisanal mining community in Tanzania.

The trio of Advent calendars include a version with 18-karat gold and lab-grown diamond jewelry in a red lacquer jewelry box.

Created in collaboration with Nymphenburg Porcelain, the lock is part of a four-piece collection that took two years to bring to fruition.

Jewelry industry veteran Alisa Bunger has taken on the role.

The company and industry leader’s two-decade tenure with De Beers will come to a close at the end of the month.