The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
Company That Bought Tourneau Snaps Up Another US Retailer
Bucherer USA now owns Baron & Leeds, which has stores and Rolex boutiques in Hawaii and California.
New York—Bucherer USA, the parent company of Tourneau and the U.S. arm of Swiss company Bucherer, announced late Monday that it has purchased U.S. retailer Baron & Leeds.
Terms of the transaction were not disclosed.
Founded in 2002, Baron & Leeds operates two Rolex boutiques, one at South Coast Plaza in California and the other at International Market Place in Honolulu, and two eponymous stores on Maui, one at Whalers Village in Lahaina and the other at The Shops at Wailea.
The Baron & Leeds stores carry Rolex, Tudor, Patek Philippe and Chanel watches as well as jewelry from Marco Bicego, Mikimoto, Lisa Nik, Como Italia and GIA-graded diamonds. The stores also sell pre-owned watches.
The company said that it is yet to be determined if the two Maui stores will continue to operate as Baron & Leeds or will become Bucherer or Tourneau stores. It did note it would be retaining Baron & Leeds employees though the sellers, Terry Weiner and David Baron, will be leaving to “pursue other interests.”
Tourneau CEO Ira Melnitsky said the acquisition of Baron & Leeds represents “an important step forward in the continued growth of Tourneau.”
“We are proud to be able to expand our customer relationships in both California and Hawaii. Baron & Leeds has always shared our passion for exceptional products and unparalleled customer service. and we are excited to welcome all of their employees to our team,” he said.
Bucherer bought Tourneau in February from Green Equity Investors IV LP, an investor group that included members of the Wexler family, which owned Tourneau for decades.
Based in Lucerne, Switzerland, Bucherer is a family-owned company that has more than 30 watch and jewelry stores in Europe and is the manufacturer of Carl F. Bucherer watches.
The purchase of Tourneau effectively doubled its retail footprint. Tourneau now has a total of 24 stores in the United States, after opting not to renew the leases on two stores earlier this year.
Editor's note: This story was updated post-publication to include information about the two gentlemen who sold Baron & Leeds.
The Latest
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
Ho Brothers offers scalable solutions for the future of custom jewelry.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.