ColumnistsApr 23, 2024
The Smart Lab: Advanced Email Marketing Strategies for Mother’s DayEmmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
TrendsSep 24, 2020
Find Out Which Jewelry Designer Will Appear on Shark Tank
They will be a guest judge on the new season of the business reality show.
Shark Tank, the business reality television show, will welcome a new face from the jewelry world this fall.
Las Vegas—Debuted more than a decade ago, business reality television show “Shark Tank” sees a variety of startups pitch their business to a group of sharks, or investors, who choose whether to invest.
This season, a well-known jewelry designer will join the sharks’ ranks as a guest.
Scott is more than qualified for the role.
The CEO launched her eponymous company in 2002, three months after the birth of her first son, with only $500.
She approached stores in her local Austin, Texas with her bridge jewelry designs, adorned with gemstones, and gained legions of admirers over the years.
Today, she designs fashion and fine jewelry sold in retailers around the world, including about 1,400 nationwide, in addition to her own 100-plus storefronts and e-commerce site.
In an announcement, ABC cited a 2018 PitchBook study that listed Scott as one of only 16 women in the country to be the founder of a corporation valued at $1 billion.
She’s been on Forbes’ ranking of “America’s Richest Self-Made Women” the last three years in a row, with the media company estimating her personal worth at $550 million, and Kendra Scott annual sales at $360 million.
In 2016, Berkshire Partners invested in Kendra Scott at a valuation of more than $1 billion, according to Forbes.
Scott waited more than a decade after her company’s launch to accept outside investments to ensure full brand control and integrity.
The Kendra Scott headquarters occupies more than 75,000 square feet in Austin. replete with design lab and distribution center, and employs more than 2,000 people, 90 percent of whom are women, according to the University of Texas official alumni association the Texas Exes.
Scott didn’t attend the school, or even finish college, but she’s donated $1 million toward the creation of the Kendra Scott Women’s Entrepreneurial Leadership Institute there.
Philanthropy is a major cornerstone of Scott’s brand, which has donated more than $30 million to a variety of causes since 2010, especially those dedicated to women and children’s well-being.
Scott will appear on Shark Tank alongside resident sharks Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O’Leary, in addition to fellow new guest shark Blake Mycoskie, founder of TOMS shoes and co-founder of Madefor.
Guest sharks Alex Rodriguez and Daniel Lubetzky will also return.
The new season of Shark Tank
premieres Friday, Oct. 16 at 8 p.m. EDT on ABC.
More on Trends
The Latest
IndependentsApr 23, 2024
Hannoush Jewelers Opens New Store in New York Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
SourcingApr 23, 2024
Rio Tinto’s Q1 Production Drops Amid Pause to Honor Lost Colleagues The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
Brought to you by
The Blueprint for Success in Scalable, Personalized Jewelry RetailWith Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
SourcingApr 23, 2024
Lucapa Sells 3 Diamonds for $10.5M in First Lulo Tender of 2024A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Weekly QuizApr 19, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
GradingApr 23, 2024
GIA Has a New Book About William RuserRuser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
CollectionsApr 22, 2024
Jacquie Aiche’s New Campaign Stars Adam Levine, Behati PrinslooThe “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Brought to you by
How Jewelers of America Represents Your BusinessFor over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
EditorsApr 22, 2024
The 22 Best Quotes from AGS Conclave 2024 Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
SourcingApr 22, 2024
Virtual Diamond Boutique Rebrands as ‘VDB’The overhaul includes a new logo and enhanced digital marketplace.
MajorsApr 22, 2024
Signet Raises Nearly $9M for St. Jude Children’s Research HospitalThe money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
CollectionsApr 19, 2024
Piece of the Week: Retrouvaí’s Treasure NecklaceA new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
CrimeApr 19, 2024
Grand Jury to Hear Case Against Jeweler Charged in Fatal Shove Following IJO ShowLast month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
MajorsApr 19, 2024
Unique Designs Acquires China PearlThe move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
GradingApr 19, 2024
AGS Ideal Report Now Available in Printed FormFrom now through mid-May, GIA will be offering the reports at a 50 percent discount.
SourcingApr 18, 2024
Diamond Trade Remains Cautious Amid Economic UncertaintyDe Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Supplier BulletinApr 18, 2024
Discover History’s Hidden Gems at the Las Vegas Antique Jewelry & Watch ShowSponsored by the Las Vegas Antique Jewelry & Watch Show
WatchesApr 18, 2024
Watch E-tailer Collectability Hires Kelly YochThe Patek Philippe expert will serve as personal curator for the brand-focused company.
WatchesApr 18, 2024
TAG Heuer Opens Its Largest Standalone Boutique at SeaThe 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
Policies & IssuesApr 17, 2024
NDC Prevails in U.K. Case Over Lab-Grown Diamond AdvertisingNDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
Events & AwardsApr 17, 2024
And the 2024 Winner of the Shipley Award Is … John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
FinancialsApr 17, 2024
LVMH’s Q1 Jewelry Sales Fall 5%LVMH said the company performed well despite an uncertain geopolitical and economic environment.
MajorsApr 17, 2024
Stuller’s B&D Opens New HeadquartersB&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
CollectionsApr 16, 2024
Akaila Reid Launches ‘Eat Cake’ CollectionIt’s ultra-feminine and filled with gold, pearls, and soft pastels.
MajorsApr 16, 2024
Loudr Adds 2 DirectorsEmily Highet Morgan and Emily Bennett have joined the agency’s team.
MajorsApr 16, 2024
Stuller Releases First Lab-Grown Diamond Jewelry CatalogIts updated book for mountings is also now available.
SourcingApr 16, 2024
Karen Rentmeesters Takes Over as Interim CEO of AWDCShe has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
