An additional 25 percent tariff has been added to the previously announced 25 percent.
Rudy Chavez Leaves Baume and Mercier
He’s moving over to another Richemont-owned brand while Audemars Piguet’s Frédérick Martel steps in to head Baume & Mercier’s North American business.
New York--After nearly 13 years with Baume & Mercier, Rodolfo “Rudy” Chavez is moving to another Richemont-owned brand, Cartier.
Chavez, who started with Baume & Mercier in April 2003 and became president of the brand’s North America operations in 2006, has been named vice president of specialist retail for Cartier North America.
He will be replaced by Frédérick Martel, who spent the past four years working as the vice president of sales and marketing in North America for Audemars Piguet, which is one of the oldest watch manufacturers in the world still owned by its founding family.
Before that, he did marketing for IWC Schaffhausen, another Richemont-owned watch brand, and also held roles at Vacheron Constantin and jewelry brand Fred.
Martel will be based in New York and will be in charge of growing the watch brand’s business in the United States and Canada. His appointment is effectively immediately.
Founded in Geneva in 1830, Baume & Mercier is one of the oldest watch brands in the world. It sells both men’s and women’s automatic and quartz timepieces and some of the brand’s most well-known collections include Capeland, Hampton and Linea.
Martel said in a news release announcing his appointment that his first mechanical watch was a Baume & Mercier Hampton and that he is “proud to be part of the next chapter in the brand’s history and future development.”
The Latest

The jewelry and accessories retailer said its stores will remain open during the proceedings.

Its Springfield, Massachusetts, store is set to close as owner Andrew Smith heads into retirement.

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

Designer Hiba Husayni looked to the whale’s melon shaped-head, blowhole, and fluke for her new chunky gold offerings.


She will present the 23rd edition of the trend forecasting book at Vicenzaoro on Sept. 7.

Omar Roy, 72, was arrested in connection with the murder of jeweler Dionisio Carlos Valladares.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The New Orleans-based brand’s “Beyond Katrina” jewels honor the communities affected by the storm.

Lilian Raji explains why joining an affiliate network is essential for brands seeking placements in U.S. consumer publications.

The organization has awarded a total of $42,000 through its scholarship programs this year.

The winner of the inaugural David Yurman Gem Awards Grant will be announced live at the 2026 Gem Awards gala.

As summer winds down, celebrate the sunny disposition of the month’s birthstones: peridot and spinel.

Moshe Haimoff, a social media personality and 47th Street retailer, was robbed of $559,000 worth of jewelry by men in construction outfits.

Xavier Dibbrell brings more than a decade of experience to the role.

The addition of Yoakum, who will lead Kay and Peoples, was one of three executive appointments Signet announced Thursday.

The insurance company’s previous president and CEO, Scott Murphy, has split his role and will continue as CEO.

The nearly six-month pause of operations at its Kagem emerald mine earlier this year impacted the miner’s first-half results.

The necklace uses spinel drops to immortalize the moment Aphrodite’s tears mixed with her lover Adonis’ blood after he was fatally wounded.

The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.

Jewelers of America’s 35th annual design contest recognized creativity, artistry, style, and excellence.

Tratner succeeds Andie Weinman, who will begin stepping back from the buying group’s day-to-day operations.

The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.

The luxury titan’s star brand Gucci continued to struggle amid a "tough" environment.

Respondents shared concerns about tariffs and commentary on the “Big Beautiful Bill.”

“Making a Killing in Diamonds” tells the story of Mimi Rosen, the disappearance of a scientist, and the murder of lab-grown diamond CEO.

Senior Editor Lenore Fedow learned a lot when she took a behind-the-scenes factory tour with the jewelry brand earlier this year.