The jewelry giant released preliminary results for the fourth quarter and full year on Monday, with final results slated to come next week.
Michael C. Fina Shutters Store, Goes Online Only
The 81-year-old New York City jeweler will close its doors on April 16, after which it will only operate digitally.

New York--A New York City jeweler that opened its doors in 1935 soon will say goodbye to its physical location as it moves to an online-only operation.
Michael C. Fina, which has been on Park Avenue in Manhattan for eight decades, will close up shop on April 16, after which it will have an Internet presence only.
According to President and Chief Merchant Steven Fina, the move made sense. Eighty-five percent of the company’s sales now come from its website, with jeweler seeing that the majority of its global customer base prefers to shop online.
“Becoming an online-only retailer was a strategic decision to put the majority of our resources to support those customers,” Fina told National Jeweler via email on Tuesday. “We already have a global consumer base, and this transition further enables us to anticipate what our customers need and deliver it to them in the way they want to shop, which is online.”
Fina said that fewer than 20 employees would be impacted by the store’s closing, with most job losses occurring on the sales floor, and that the company would assist in helping them find new position jobs.
Most of Michael C. Fina’s merchants, marketing team, graphic designers and other back-office employees will be keeping their jobs, he added.
Michael C. Fina has been selling online since 1999, making it one of the first retailers to offer an online wedding registry and omnichannel inventory approach, according to the company.
Now, as it relaunches as an online-only company, it will aim to put its high-end jewelry, tableware and home décor products in front of a larger audience than before by partnering with online wedding registry site Zola and Amazon.
Zola now will exclusively power the retailer’s registry, as Michael C. Fina works with Zola to offer a robust selection of more than 50 brands and 1,500 different items from the company’s luxury tableware catalog.
The company also is switching its fulfillment services over to Amazon, allowing it to ship products quicker and save on shipping costs.
Additionally, Michael C. Fina will be one of three inaugural boutiques featured by Amazon as the e-commerce giant relaunches it wedding registry, Fina said. Shoppers visiting the site will find a curated assortment of luxury tableware available at Michael C. Fina, including brands that have never before been offered by Amazon.
The company also said that it
Though Fina declined to comment on exactly what that would include, noting that additional information would be made available closer to the launch, the announcement on its website did note that it would make detailed product information readily available and create a “robust” search and filtering functionality to make it easier to find products.
The Latest

The retailer also gave an update on its vendor partnerships.

The award-winning actress is the “epitome of modern allure,” the brand said.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

The “Bloom” collection draws from the flower power movement of the 1960s and ‘70s with inlay pendants offered in eight colorways.


The unique piece was one of the custom works offered at the foundation's recent silent art auction, which garnered nearly $15,000 in total.

Bulgari named Gyllenhaal as its brand ambassador for his embodiment of artistic depth, intellectual curiosity, and warmth.

With refreshed branding, a new website, updated courses, and a pathway for growth, DCA is dedicated to supporting retail staff development.

Awards were given to four students, one apprentice, and an emerging jeweler.

The top jewelry lot of the late model’s estate sale, hosted by John Moran Auctioneers, was an Oscar Heyman & Brothers for Cartier necklace.

Moses, who started at GIA’s Santa Monica lab in 1976, will leave the Gemological Institute of America in May.

Increased competition, falling lab-grown diamond and moissanite prices, and the rising cost of gold took a toll on the moissanite maker.

The earrings, our Piece of the Week, feature pink tourmalines as planets orbiting around an aquamarine center set in 18-karat rose gold.

“The Price of Freedom” campaign video for International Women’s Day confronts the quiet violence of financial control.

Also, a federal judge has ordered that companies that paid tariffs implemented under the IEEPA are entitled to refunds.

The ever-growing collection, which just expanded with the addition of Olga of Kyiv, features cameos of 12 women from history.

We asked a jewelry historian, designer, bridal director, and wedding expert what’s trending in engagement rings. Here’s what they said.

The annual event will be held in Orlando, Florida, from Sept. 14-17.

The “Outlander” star modeled for the digital cover of the magazine’s spring issue, which features a story on her relationship with jewelry.

This year’s annual congress, which will mark the confederation’s 100th anniversary, will take place this fall in Italy.

Beverly Hills was chosen as the location for the brand’s first store, designed as a “private residence for modern monarchs.”

Kering, Apple, and other retailers have reportedly temporarily closed stores in the Middle East region in light of the recent conflicts.

Beth Gerstein discusses the vibe of the new store, what customers want when fine jewelry shopping today, and the details of “Date Night.”

Nearly half of buyers are prioritizing silver and fashion collections this season, organizers said.

The “Live Now. Polish Later.” campaign features equestrians wearing the brand’s jewels while galloping across the icy plains of Kazakhstan.

The precious metals provider has promoted Jennifer Ashworth to the role.

Nelson will be honored as the inaugural grant winner at the Gem Awards gala on March 13.





















