Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Samuel Aaron Inc. to Close Plant, Conduct Layoffs
The company is shutting down its factory in Mount Vernon, New York and laying off 42 employees after Richline Group’s recent acquisition of its parent company.
New York--On the heels of the announcement that Richline Group has acquired jewelry manufacturer and wholesaler The Aaron Group, one of its divisions has announced that it will close.
According to a notice sent to the New York state Department of Labor from Samuel Aaron Inc., the company will shut down its plant in Mount Vernon, New York and lay off 42 people as a result of the Richline Group’s recent acquisition of parent company The Aaron Group.
The filing noted that layoffs will happen during the two-week period starting April 12, and the factory will close later that month.
Samuel Aaron started as a manufacturer of colored gemstone jewelry, eventually expanding into mass-market bridal, diamond fashion and bridge jewelry, catering to mall jewelers, department stores, television shopping channels and more.
When asked about the future of other companies under The Aaron Group, Richline Chief Marketing Officer Mark Hanna said that they still are in the process of assimilation, noting that the company “will be working on an integration plan over the next 90 days of employees and facilities.” No other details were released.
The Aaron Group did not respond to a request for comment by deadline.
The Aaron Group, which started in 1950 as Samuel Aaron Jewelry, has grown into a vertically integrated international jewelry manufacturer and wholesaler that remains a true family business to this day, led by third-generation executive Robert Kempler.
The company has operations, factories, partnerships and employees in New York, London, Mumbai, Hong Kong and Guangzhou, China.
In addition to Samuel Aaron, other divisions in The Aaron Group are, according to its website, Robert A. Baum Corp, a diamond and colored stone men’s jewelry manufacturer; Diamond Dimensions Ltd., its international jewelry distribution division; Armadani, a private label fine jewelry manufacturer of anniversary and eternity bands, engagement rings and fine fashion jewelry; Rene Bargueiras Inc., which makes religious and urban fashion jewelry; and SAI India, which sources, cuts and matches diamonds for items in production and for loose diamond transactions.
The Latest
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The announcement came as the company reported a 23 percent drop in production in Q1.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.