The investment company, founded by Dev Shetty, has acquired the struggling miner and its assets, including the Lulo mine in Angola.
The Next Generation Takes Over at Kirk Kara
Owner Kirk Karaguezian’s daughters, Angela Karaguezian Kassabian and Grace Karaguezian Terezian, are the first women to helm the family-owned bridal brand.

Los Angeles—Bridal brand Kirk Kara has announced the succession of the fourth generation to the company’s leadership, marking the first time that women have taken the helm at the company.
Angela Karaguezian Kassabian and Grace Karaguezian Terezian are now charged with leading the family-owned business. Their father, Kirk Karaguezian, will continue to work at the company, taking part in trunk show appearances, quality control and mentoring his daughters in leadership, design and business knowledge.
The sisters grew up immersed in the family business and often spent their time dreaming up and sketching their own engagement ring designs. They joined the company officially once they graduated from college, when they renamed the business from “Something Special” to “Kirk Kara,” after their father.
The business was originally founded in 1890 in Armenia by Karaguezian’s grandfather, who was eventually killed in the Armenian genocide. Karaguezian’s father, Artin, managed to escape to Lebanon. There the family endured two civil wars.
Karaguezian immigrated to Los Angeles in the 1980s with his wife and daughters, where they continued the family business.
During Kassabian and Terezian’s years working under their father, they learned the importance of maintaining the business’s century-old legacy; every Kirk Kara design is still created by members of the family and handcrafted by master jewelers.
According to the company, Kassabian brings a chic, fashionable perspective to its designs, while Terezian’s style is more suited to the natural and ethereal.
Between them, there is an engagement ring for every bride.
“We are inspired to design together as sisters, with our individual styles bringing a variety of design options to brides,” Kassabian explained. “We each got married within the last two to five years, so we are really connected to the market, and we know what women want.”
“We are born into this talent, and it’s our duty to offer our gift to the next generation of women getting married,” Terezian added. “Engagement rings represent such an important and symbolic part of life, so for us, designing them is our way of giving back.”
Editor’s Note: This story was updated on June 13, 2018, to reflect that Kirk Karaguezian is not retiring from the company, as was erroneously stated.
The Latest

Smith shares wisdom he gleaned from a podcast he was listening to one morning while being walked by his dog, a Malshi named Sophie.

The counterfeit Van Cleef & Arpels jewels would have been worth more than $30 million if genuine.

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

Casio executive and watch enthusiast Masaki Obu is the new general manager of its U.S. timepiece division.


Originally introduced in 1992, the “Dot” collection is back with a capsule featuring five archival designs and three new creations.

Allison-Kaufman has received the honor for the fourth year in a row.

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

The company had a solid second quarter, with sales of non-charm jewelry outpacing sales of pieces in its core collections.

Taylor Swift dons the vibrant pair in new promotional imagery for her upcoming album, “The Life of a Showgirl,” set to release in October.

Its investment in micromechanics expert Inhotec will preserve skills essential to the watchmaking industry as a whole, said the company.

Nicolette Bianchi joins the wholesale provider with more than 15 years of cross-industry experience in marketing and product development.

Her new “Ocean” collection was inspired by Myanmar’s traditional articulated fish jewelry, with depictions of flounder, catfish, and more.

Longtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.

The full-day sourcing and networking event, slated for Aug. 18, will be followed by the fifth annual Mega Mixer Summer Soirée.

Model Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.

The board elected 9 new directors at its recent ICA Congress in Brazil.

Three winners will receive a custom ring from Honest Hands Ring Co. inlaid with a piece of history from Denver-based distillery Stranahan’s.

JD Sports and Wawa were among the fastest-growing retail companies in the U.S. last year.

The new inventory, all untreated, features vibrant hues and unique bicolor combinations.

Acquired by a tech investor, the historic brand will continue to focus on jewelry, accessories, and timepieces.

President Donald Trump issued an executive order extending the pause on higher tariffs to November as negotiations with China continue.

The “Thunderbird Slab” collection features a thunderbird motif as a symbol of power, protection, and boundless possibility.

Columnists Jen Cullen Williams and Duvall O’Steen share tips on how to elevate your professional image.

Peter Damian Arguello, a jeweler in the Denver suburb of Wheat Ridge, was found dead inside his store in November 2023.

The retailer, owned by Berkshire Hathaway, is becoming part of the Berkshire Hathaway Jewelry Group with Helzberg.

The Continental Buying Group’s 2025 Tampa Experience Show is slated for Sept. 8-10.