It was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.
Jocelyn Prestia named New Designer of the Year
Prestia, the woman behind Unhada, was recognized with the award Monday afternoon at the JA New York Summer show.
New York--Jocelyn Prestia, the woman behind Unhada, was recognized with the 2015 Mort Abelson New Designer of the Year Award, presented to her Monday at the JA New York Summer show.
Prestia started Unhada while she was an expat in Bangkok, where she lived after studying at the Gemological Institute of America in New York.
“I’m in total shock,” Prestia said as she accepted the award. “All my life I believed in fairy tales and translating them to real life, and this is a fairy-tale moment for me. This has been an amazing experience and to be with all these new designers (in the New Designer Gallery) is amazing.”
Given annually, the New Designer of the Year Award is named for the late Mort Abelson, who is credited with coming up with the idea of creating a platform that introduces up-and-coming designers to the mainstream market--the JA New York Summer show’s New Designer Gallery. David Yurman, Penny Preville and Steven Kretchmer all are past recipients of the award.
Designers and brands are only eligible for the award when exhibiting in the New Designer Gallery pavilion, which included 10 brands this year.
Monday’s ceremony marked the 38th presentation of the award.
“This is my favorite five minutes of the year,” said Cindy Edelstein, coordinator of the New Designer Gallery and president of the Jeweler’s Resource Bureau. “I’ve been working with these 10 new designers for months … they’re all awesome. A secret panel voted on all of the designs, and this year (it) was neck-and-neck.”
Cleveland, Ohio-based TAP by Todd Pownell was the winner of last year’s New Designer of the Year Award.
The Latest

The approval means the retailer is on track to exit bankruptcy proceedings this summer.

The men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

The bridal-focused brand is also launching its Custom Atelier this summer, a digital custom design tool for its authorized retailers.


The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.

The industry veteran is bringing his 56-year run in the fine jewelry sector to an end.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Inspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.

The company has promoted Katherine Whitacre to the role.

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.

Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.

The platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.

Jim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.

When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.

The “Tunnel” charm, our Piece of the Week, celebrates Pride Month with its design inspired by hope and the light at the end of the tunnel.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

Up for auction at Sotheby’s, the collection of Tempelsman’s personal effects includes a Cartier Tank watch Jackie O. gifted him.

The Miami-based fine jewelry brand will host its first summer residency in the Colorado mountain town from June 5 to Aug. 23.

The organization also announced its international board of directors for the 2026-2027 term.

Saks Global confirmed the closure this week, spelling the end for a store that’s been part of downtown Dallas for more than 100 years.

Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.

The Gemological Institute of America is now a 30 percent stakeholder in Tracr, the De Beers-backed blockchain for diamonds.

The retailer is bringing Rolex Certified Pre-Owned watches to five U.S. cities in 2026 for collectors to see, try on, and purchase.

The actress and entrepreneur stars in the jeweler’s new campaign that celebrates life’s quiet moments.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.
























