The announcement coincided with its full-year results, with growth driven by its jewelry brands.
JBT Names Financial Veteran Anthony Capuano as President
Capuano has more than 35 years of experience in credit and lending, a large part of which was dedicated to the diamond, jewelry and precious metals industries.
Warwick, R.I.--The Jewelers Board of Trade announced Wednesday that its board of directors has appointed financial executive Anthony Capuano as its new president.
He will take over for Dione Kenyon, who announced her retirement from the JBT in August. Kenyon officially will leave the organization this spring after assisting in the transition.
Capuano brings more than 35 years of experience in credit and lending to the JBT, a large part of which was dedicated to the diamond, jewelry and precious metals industries.
He joins JBT from HSBC Bank, N.A., which is a major lender to the industry.
During his eight years with HSBC, he held the titles of vice president and senior relationship manager, overseeing the management and business development of the bank’s diamond and jewelry portfolio in the New York market.
Prior to that, he held similar positions at Scotia Mocatta and Bank of America.
In addition to his finance experience, Capuano served on the JBT board of directors for more than 15 years. He also has been involved in the industry through a membership with the International Precious Metals Institute and serves on boards in his local community in Rhode Island.
The announcement of Capuano as president of JBT comes a week after the organization announced the results of its annual elections.
Todd Wolleman of Leo Wolleman Inc. in New York was elected to a one-year term as chairman of the JBT board. Wolleman chaired the search process to select the organization’s new president.
“We are delighted that our search process identified Anthony as our new leader,” Wolleman said. “He will be a strong asset to JBT in continuing its vital mission of promoting the welfare of the diamond and jewelry industry. We all look forward to working with Anthony to ensure we sustain and advance JBT’s mission far into the future.”
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.
Owner David Mann is heading into retirement.
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.
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.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
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.
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.