Bucherer USA Acquires California Retailer Leeds & Son
Founded in 1947, the store is Palm Desert, California’s only official retailer for Rolex, Patek Philippe, and Tudor.
Terms of the deal were not disclosed.
Edward and Eleanore Weiner founded Leeds & Son in 1947. Their son Terry took over the company in 1981 and has run it alongside his sister Riki Stein ever since.
The retailer is the Coachella Valley’s only official jeweler for Rolex, Patek Philippe, and Tudor, and offers jewelry from Rahaminov Diamonds, Picchiotti, Robert Procop, JB Star, Messika, Como Italia, and many others.
“We’re excited to welcome the Leeds & Son team to the Bucherer family and expand our customer relationships in California,” said Ira Melnitsky, CEO of Tourneau and president of Bucherer USA.
“The Leeds & Son team has worked tremendously hard to foster a loyal community, and we are looking forward to building on that success. In 2018, we acquired Baron & Leeds in Costa Mesa and Hawaii and could not be happier with the ongoing success of those stores.”
Swiss watch and jewelry retailer Bucherer purchased Tourneau in 2018 to make its foray into the U.S. market.
Tourneau has more than 34 retail locations in America, including the Bucherer 1888 TimeMachine flagship on Madison Avenue in New York City. (All its stores were renamed after the acquisition.)
Bucherer has 36 boutiques across Europe.
The Latest
The announcement coincided with its full-year results, with growth driven by its jewelry brands.
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.