The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.
Arrest made in hit-and-run death of jeweler
Police are charging a 46-year-old MTA train operator with murder and manslaughter in the death of Aron “Eric” Aranbayev, a jeweler in New York’s Diamond District.

New York--Police have made an arrest in the hit-and-run death of 40-year-old Aron “Eric” Aranbayev, a Diamond District jeweler known for selling high-end pieces to singers, athletes and other celebrities.
The Queens District Attorney’s Office announced Thursday that 46-year-old Charles Jordan of Valley Stream, Long Island faces charges of second-degree murder, first-degree manslaughter, fourth-degree criminal possession of a weapon and leaving the scene of an incident without reporting a death in the murder of Aranbayev.
The accused allegedly ran over the jeweler with his Dodge Magnum after the two got into a verbal argument on the night of July 19 in the Forest Hills section of Queens.
Aranbayev, a father of four young children, was outside his home when he was struck. He was taken to the hospital, where he died on July 20.
“The victim didn’t have a chance,” Queens District Attorney Richard A. Brown said in the statement released Thursday. “He was allegedly brutally rammed by a 1,000-plus pound high-speed vehicle that violently threw him to the ground … This was a senseless, violent death that could have easily been prevented.”
Aranbayev opened Rafaello & Co., a jewelry store located in Manhattan’s Diamond District, in 2009 with his father Rafael Aranbayev and cousin Gabriel Jacobs.
The company has sold jewelry to and dressed many high-profile clients over the years, including Carmelo Anthony of the New York Knicks, musicians Drake, Chris Brown, Jay-Z and Alicia Keys, and the Saudi royal family, according to the timeline on its website. Following Aranbayev’s death, a number of celebrities used social media to express their sorrow over the loss of the jeweler.
On Thursday, Rafaello & Co. posted a screen shot of a news story on Jordan’s arrest on its Instagram account and thanked the community for its support and the NYPD for its hard work, though the post noted that the arrest would not “bring my brother back.”
The Latest

CEO Efraim Grinberg noted a resurgence in the fashion watch market.

The “Bullseye” necklace, with vintage bakelite and peridot, August’s birthstone, is the perfect transitional piece as summer turns to fall.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

Sponsored by Clientbook


It will classify lab-grown stones into one of two categories, “premium” or “standard,” in lieu of giving specific color and clarity grades.

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

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

Former Free People buyer Afton Robertson-Kanne recently joined the retailer.

The jeweler teamed up with two local organizations for its inaugural “Back to School and Bling” event.

The singer’s new bling, reportedly a natural old mine-cut diamond, is no paper ring.

Dubbed the “Imboo,” or “buffalo,” emerald, the rough gemstone is part of Gemfields’ latest emerald auction, which is taking place now.

Plans for dining out, booking vacations, and buying big-ticket items were down.

The “Play” collection centers on nostalgic toys that have kinetic elements to carry playfulness and wonder into adulthood.

Designer Christina Puchi, the creative force behind CCWW Designs, has created charms and pendants based on iconic candies and crackers.

The Jonas Brothers star showed off new timepieces against the backdrop of his favorite spots in his home state of New Jersey.

The family-owned jeweler in Fayetteville, North Carolina, is in the hands of the second generation.

In his latest column, Emmanuel Raheb shares tips for encouraging customers to treat themselves to new jewelry.

The new stand-alone Rolex boutique is housed in the former Odd Fellows Hall, a landmark built in 1897.

The Brilliant Earth ambassador co-designed a diamond medallion featuring meaningful symbols.

Wrap jewelry is more than just a trend; it’s the perfect motif for the coming season of layering, scarves, and pumpkin spice.

The three-day watch collector show, coming this October, will feature 44 exhibiting brands, as well as a new dinner experience.

Sriram “Ram” Natarajan is now GIA’s senior vice president of laboratory operations and is based out of the lab’s headquarters in Carlsbad.

The one-of-a-kind collar represents the beauty of imperfection and the strength to rebuild.

Three C-suite executives, including former CEO Tom Nolan, have resigned as part of what the company describes as a “transition.”

The retailer, which recently filed Chapter 11, inked a deal to sell its North American business and intellectual property.

Target CEO Brian Cornell will step down in February and be replaced by the company’s chief operating officer, Michael Fiddelke.