The Swiss government announced the deal, which cuts the tax on Swiss imports by more than half, on social media Friday morning.
Leaving a (Gem) Legacy in East Africa
Gemstone faceter Roger Dery and his family have launched a nonprofit to support the communities where gems are mined.

Traveling to the sources of colored stones is an unmatched experience, not only for its ability to help understand the supply side, but also for the opportunity to meet and interact with the people who live in the gemstone mining communities and help to drive the business.
They perform such integral work—mining and selling the gems that end up in the finished pieces we see at jewelry trade shows and in display cases at stores—yet, most often, they are among those who have so little.
Many people and organizations in the jewelry industry work to give back to the communities so influenced by the gem trade.
Gemstone faceter Roger Dery has long been one of those, and now he wants to make his contribution even bigger.
On Tuesday, Dery, along with wife Ginger and daughter Rachel—all of whom are part of Roger Dery Gem Design—launched Gem Legacy, a nonprofit organization dedicated to supporting education, vocational training and the local economies of East Africa.
The introduction of the official 501(c)(3) is really just an extension of the work the Derys already had been doing in their many years of travel to the area, including supporting a cutting school in Arusha, Tanzania, and a Maasai school in Longido, Tanzania.
But the idea for formalizing their aid actually came from industry members who traveled with them to East Africa last summer—including Chris Clover-Field of Field’s Jewelers in California, Meredith Schlessinger of Byard F. Brogan and Katie Bisceglia from Stauer Jewelers, to name a few from the 21-person group—banding together with the intent of launching the Dery Trust.
“They wanted there to be a 501c3 that would … enable each of them to contribute to something that they had become passionate about after meeting the people and the good that can be done with so very little to people who need so very much,” Ginger Dery said.
They also wanted to create a fund that would allow the Derys to have money with them when it was needed for their various initiatives.
Eventually, the Derys took over the process of formalizing their aid in the form of a nonprofit and gave it a name that reflects the impact gems can create and the good they can do.
Gem Legacy funds projects and initiatives that are connected to the East African gem trade in one way or another.
“The heart behind it is that we believe that if more people get on board and more people are investing and giving, then we’re doing more good,” Rachel Dery said. “We believe that when we make a purchase of a gem, it has allowed somebody to have a job, it’s creating more industry for faceting and more mining in Africa. It’s a domino effect. If we believe that, then we believe that every time we purchase a gem or invest in gemstones, we’re personally leaving a legacy of change in East Africa.”
One hundred percent of every donation goes directly to the communities where gems are mined, with the Derys handling the distribution of the funds when they’re on the ground in East Africa.
Supporters can choose for themselves the initiative, or initiatives, to which their money will go—including things like gem faceting training, the Kitarini Primary School or gemological training—or they can simply ask that their money go to the area of greatest need.
The Derys also noted that they aren’t limiting donations to the projects currently listed on the Gem Legacy website; instead, they want to use the nonprofit as an umbrella, allowing others the opportunity to come forward with new ideas or opportunities of need.
Byard F. Brogan’s Schlessinger, who was on the trip last summer that sparked the launch of Gem Legacy, said: “When the Dery Trust was first talked about it gave me chills, knowing all the positive change they have brought to many communities and families throughout Eastern Africa. I’m filled with joy with the launch of Gem Legacy; this is a reflection of what passion, love and dedication is. This will continue to help so many people learn, live and grow.”
I had the privilege of traveling with Roger, Ginger and a few others to Tanzania and Kenya in early 2016, where I got to see firsthand how gemstone mining and brokering played such a big part in those communities. I also got to see some of these projects and the difference they are making.
There’s so much we, as an industry, can do to give back.
If you’re interested in learning more about the Derys’ nonprofit or would like to donate, visit GemLegacy.com.
The Latest

A buyer paid $4.4 million for the piece, which Napoleon wore on his hat for special occasions and left behind when he fled Waterloo.

Plus, how tariffs and the rising price of gold are affecting its watch and jewelry brands.

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

Furmanovich designed the box to hold Mellerio’s “Color Queen,” a high jewelry collection consisting of 10 rings.


Jennifer Hopf, who has been with JCK since 2022, will lead the execution of the long-running jewelry trade show.

Adler’s Jewelry is set to close its two stores as 82-year-old owner Coleman E. Adler II retires.

From educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.

Founder Jim Tuttle shared how a dedication to craftsmanship and meaningful custom jewelry fueled the retailer’s double-digit growth.

The third-generation jeweler is remembered as a passionate creative with a love of art, traveling and sailboat racing.

JSA and Cook County Crime Stoppers are both offering rewards for information leading to the arrest of the suspect or suspects involved.

A buyer paid $25.6 million for the diamond at Christie’s on Tuesday. In 2014, Sotheby’s sold the same stone for $32.6 million.

Mercedes Gleitze famously wore the watch in her 1927 swim across the English Channel, a pivotal credibility moment for the watchmaker.

GIA is offering next-day services for natural, colorless diamonds submitted to its labs in New York and Carlsbad.

Tiffany & Co., David Yurman, and Pandora have launched holiday campaigns depicting their jewelry as symbols of affection and happiness.

The National Retail Federation is bullish on the holidays, forecasting retail sales to exceed $1 trillion this year.

Late collector Eddy Elzas assembled “The Rainbow Collection,” which is offered as a single lot and estimated to fetch up to $3 million.

The brand’s seventh location combines Foundrae’s symbolic vocabulary with motifs from Florida’s natural surroundings.

The retailer also shared an update on the impact of tariffs on watch customers.

Pink and purple stones were popular in the AGTA’s design competition this year, as were cameos and ocean themes.

All proceeds from the G. St x Jewel Boxing raffle will go to City Harvest, which works to end hunger in New York City.

Courtney Cornell is part of the third generation to lead the Rochester, New York-based jeweler.

De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company.

Former Signet CEO Mark Light will remain president of Shinola until a replacement for Ulrich Wohn is found.

Kindred Lubeck of Artifex has three rings she designed with Anup Jogani in Sotheby’s upcoming Gem Drop sale.

The company focused on marketing in the third quarter and introduced two new charm collections, “Pandora Talisman” and “Pandora Minis.”

The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.



















