The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
Michael C. Fina Shutters Store, Goes Online Only
The 81-year-old New York City jeweler will close its doors on April 16, after which it will only operate digitally.
New York--A New York City jeweler that opened its doors in 1935 soon will say goodbye to its physical location as it moves to an online-only operation.
Michael C. Fina, which has been on Park Avenue in Manhattan for eight decades, will close up shop on April 16, after which it will have an Internet presence only.
According to President and Chief Merchant Steven Fina, the move made sense. Eighty-five percent of the company’s sales now come from its website, with jeweler seeing that the majority of its global customer base prefers to shop online.
“Becoming an online-only retailer was a strategic decision to put the majority of our resources to support those customers,” Fina told National Jeweler via email on Tuesday. “We already have a global consumer base, and this transition further enables us to anticipate what our customers need and deliver it to them in the way they want to shop, which is online.”
Fina said that fewer than 20 employees would be impacted by the store’s closing, with most job losses occurring on the sales floor, and that the company would assist in helping them find new position jobs.
Most of Michael C. Fina’s merchants, marketing team, graphic designers and other back-office employees will be keeping their jobs, he added.
Michael C. Fina has been selling online since 1999, making it one of the first retailers to offer an online wedding registry and omnichannel inventory approach, according to the company.
Now, as it relaunches as an online-only company, it will aim to put its high-end jewelry, tableware and home décor products in front of a larger audience than before by partnering with online wedding registry site Zola and Amazon.
Zola now will exclusively power the retailer’s registry, as Michael C. Fina works with Zola to offer a robust selection of more than 50 brands and 1,500 different items from the company’s luxury tableware catalog.
The company also is switching its fulfillment services over to Amazon, allowing it to ship products quicker and save on shipping costs.
Additionally, Michael C. Fina will be one of three inaugural boutiques featured by Amazon as the e-commerce giant relaunches it wedding registry, Fina said. Shoppers visiting the site will find a curated assortment of luxury tableware available at Michael C. Fina, including brands that have never before been offered by Amazon.
The company also said that it
Though Fina declined to comment on exactly what that would include, noting that additional information would be made available closer to the launch, the announcement on its website did note that it would make detailed product information readily available and create a “robust” search and filtering functionality to make it easier to find products.
The Latest
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
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.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
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.
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.