The passionate gem lover helped bring more than 300 different varieties of stones to the gem trade.
AGS jeweler latest to start accepting Bitcoin
Prompted by a request from customers, H.L. Gross & Bro. Jewelers, an American Gem Society member store that’s been in operation for 104 years, has started accepting bitcoin on its e-commerce site, Since1910.com.
Garden City, N.Y.--Prompted by a request from customers, H.L. Gross & Bro. Jewelers, an American Gem Society member store that’s been in operation for 104 years, has started accepting bitcoin on its e-commerce site, Since1910.com.
The retailer, whose physical store is located in Garden City on New York’s Long Island, said its decision to start taking the digital currency came about as the result of requests from customers.
Bitcoin is a decentralized digital currency. It is essentially digital coins that are transferred from person to person over the web without going through a third party, such as a bank. Just like other forms of currency, the value of bitcoin fluctuates with the market.
The news that H.L. Gross will begin accepting the digital currency online comes just a week after Reeds Jewelers, a 64-store chain with headquarters in Wilmington, N.C., announced that it had begun taking bitcoin both online and in its stores. The retailer said its physical stores would use tablet computers to facilitate bitcoin transactions.
RELATED CONTENT: Jewelry chain to accept Bitcoin for payment
H.L. Gross & Bro. Jewelers is a fifth-generation jewelry store that first opened in 1910, hence the name of its e-commerce site. Three generations work together at the store currently. Michael Gross is president, while Brad Gross is vice president and Helene Gross is treasurer.
H.L. Gross & Bro. Jewelers is an AGS member store.
The Latest

The brand has attracted attention for its colorful, vintage-inspired pieces.

Marcelo Tau is the company’s new chief operations officer.

Rio Grande provides a pathway to responsibly sourced gemstones.

The jewelry designer founded her eponymous brand in 2015 after nearly two decades in the diamond industry.


Sponsored by HiBid

The watch seller comments on future demand, how the crypto crash impacted Rolex and Patek Philippe pricing, the supply recovery, and more.

From laboratory-grown diamonds to design to country-of-origin, GIA's Alumni Collective™ has a seminar to suite your needs.

It features fives sets of jewelry.

Through the collaboration, HRA will exclusively cut, polish, and distribute Plasmability’s lab-grown diamonds in the market.

They include a tour of a museum’s gem collection and demonstrations of diamond cutting and polishing.

The sale includes pieces “The King” gifted to his longtime manager, as well as jewelry Elvis owned and wore on stage.

Trevor Lawrence is the quarterback for the Jacksonville Jaguars.

It gives trade members full access to its catalog of products so they can sell listings on their own online platforms.

Julie Collins succeeds Kathy Corey in the role.

Retailers would be wise to embrace this growing segment of the market instead of shunning it, Peter Smith writes.

He’s the owner of The Lightning Ridge Collection but will pivot to focus on his new role.

East Continental Gems provided more than 150 carats of gemstones for the project.

Rising prices and interest rate hikes are expected to weigh on consumer spending and economic growth over the next six months.

To kick off August, Amanda Gizzi is sharing jewelry featuring the month’s OG birthstone.

The Michigan auctioneer and appraiser also has to pay restitution totaling $25 million for other victims of his fraud scheme.

Johanna Levy will oversee the environmental, social, and governance programs.

Before his sudden death last week, the designer had reached new creative heights.

Despite unusually high summertime sales, the company’s CEO said the industry remains “watchful.”

Joseph Corey, Krystle Craycraft, Sue Hopeman, and Sherry Smith will each serve three-year terms on the board.

A lab-grown ruby makes the perfect nostalgic treat.

Sponsored by HiBid