The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Jules R. Schubot Jewellers’ Douglas Schubot Dies
He learned the trade by working with his father during school breaks and took over the store with his wife in 1970.
Detroit--Former Jules R. Schubot Jewellers owner and chairman Douglas Schubot died Thursday, Jan. 18, in Delray Beach, Florida. He was 87 years old.
Jules R. Schubot sold high-end jewelry to such well-known people as Henry Ford, Tony Martin, Frank Sinatra and Joan Crawford. He handed the store over to Doug and his wife, Sydell, in 1970.
Their son Brian joined the family business in 1985, and the three of them together transformed the store into a destination private salon in the city that crafted custom pieces for high-end clients.
They managed this not only through great customer service but also with a flair for entertaining. Invitations to their holiday parties were coveted.
Following the recession and economic downtown, the store was forced to close in 2010, though Brian continues to operate as a private jeweler today, according to the store’s website.
In addition to a passion for his work, Schubot also made it a point to give back to the communities in which he did business.
He and his wife hosted “The Magic of Platinum” as a fundraiser for the Barbara Ann Karmanos Cancer Institute and attended numerous fundraisers, using the opportunities to showcase their fine jewelry.
Schubot served as past Michigan general chairman of the State of Israel Bonds and was past president of the American Israel Chamber of Commerce, the brotherhood of Temple Beth El and the Centennial Lodge B’nai B’rith.
He also served as a board member of the Michigan Cancer Foundation, Oakland Family Services, Boys and Girls Clubs of Detroit, the Better Business Bureau Eastern Michigan, the Michigan Retailers Association and the Detroit Institute of Arts Founders Junior Council.
He is survived by his wife of 63 years, Sydell; his children, Julie Haimon, Ronald Schubot and Brian (Michele Savas) Schubot; grandchildren Vered Haimon, Ari (Zhana) Haimon, Galia Haimon, Justin Schubot and Zoe Schubot; and great-grandchild Meir Haimon.
Services were held Monday at The Ira Kaufman Chapel in Southfield, Michigan.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.