He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
Pre-Owned Jewelry Companies Mondiamo and Circa Merge
The newly-formed company will combine Mondiamo’s digital platform with Circa’s physical presence.
New York—Pre-owned jewelry buyers Mondiamo and Circa announced a merger Monday, joining forces to claim a bigger piece of the secondary luxury market.
The financial terms of the deal were not disclosed.
Each company will retain its name, a Mondiamo spokesperson confirmed to National Jeweler Tuesday.
Mondiamo valued the global market for pre-owned luxury jewelry and watches at $8 billion per year, projecting annual growth of 6 to 9 percent in the next few years.
The company said “sustained growth” in the market has been driven by consumers warming up to “recommerce” and the availability of digital platforms for buyers and sellers.
Circa’s specialty is in-person transactions through 12 physical locations, including offices in New York, Los Angeles, Madrid and Hong Kong.
Mondiamo, on the other hand, operates via a digital platform, offering customers cash for their jewelry sight-unseen and has an exclusive referral agreement with Blue Nile.
It was founded in 2017 by New York-based venture capital firm Adama Partners, which partnered with Bain Capital and Bow Street to take Blue Nile private in 2017.
Adama Partners co-founders Oren Schneider and Ori Levy will head the combined company, with Schneider as CEO and Levy as executive chairman. Circa founder Richard Tilles will serve as president.
“By combining Mondiamo’s scalable business model, digital capabilities, data-driven processes and operational expertise with Circa’s jewelry knowledge, physical locations and brand equity, we plan to build the best global proposition for sellers of high-end jewelry and luxury watches,” Schneider said in a press release.
The Latest
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
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.