De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Hearts On Fire names new president
Hearts On Fire has promoted Chief Marketing Officer Caryl Capeci to president while Chief Financial Officer Tom Carlo is taking on the additional role of chief operating officer.
Both promotions are effective immediately.
Capeci and Carlo are replacing Bill Anderson, who is stepping down from his post as president and COO but remains a member of the diamond brand’s executive committee.
Anderson has been with Hearts On Fire for more than 12 years, joining the company as CFO in 2003. He became president and COO in 2012.
While Glenn Rothmann, who started Hearts On Fire with his wife Susan in 1996, is still the CEO, it is Capeci and Carlo who now will direct day-to-day operations of the company and guide it into its next stage of growth, Capeci said.
These promotions are the latest in a series of changes for Hearts On Fire, which was acquired by Hong Kong-based manufacturer and retailer Chow Tai Fook last year for $150 million.
Since that time, the diamond brand, which remains based in Boston, opened its first stores in mainland China and introduced a new global advertising campaign aimed at millennial consumers, called Ignite Something.
Chow Tai Fook also owns Mémoire, a wedding band brand that is managed through Hearts On Fire’s U.S. headquarters in Boston and headed by CEO J. Douglas McDowell.
On Monday, the same day it announced the promotions of Capeci and Carlo, Hearts On Fire said that its former Executive Vice President of Sales Gilly Strauss will now be the president of Mémoire, running the company alongside McDowell.
He will attempt to grow the business “into a brand that far exceeds its current focus on wedding and anniversary bands.”
The Latest
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
The family-owned jeweler has a new education section on its website dedicated to the history of diamond cutting.