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Berkshire Hathaway 150
Retail Sales Slide at Berkshire Hathaway
Revenue from the retail division of Warren Buffett’s Berkshire Hathaway fell 16% to $3.37 billion in the second quarter, the company reported Saturday.The division, which includes jewelry chains Borsheims, Helzberg Diamonds and Ben...
Retail Aug 09, 2020 Rapaport News
WJA Campaign Targets Female Self-Purchasers
The Women’s Jewelry Association (WJA) has launched a new consumer-marketing campaign aimed at empowering women to buy jewelry for themselves.March Is Me Month will coincide with International Women’s Day, which takes place on March 8, as well as Women’s...
Retail Mar 03, 2020 Rapaport News
Berkshire Hathaway
Retail Sales Rise at Berkshire Hathaway
Revenue from the retail division of Warren Buffett’s Berkshire Hathaway rose 2.5% to $16 billion in 2019, the company reported Saturday.The increase for the segment, which includes jewelry chains Borsheims, Helzberg Diamonds and...
Retail Feb 24, 2020 Rapaport News
Berkshire Hathaway
Retail Sales Rise at Buffett-Owned Conglomerate
Revenue from the retail division of Berkshire Hathawayincreased 5% to $4.04 billion in the third quarter, the company reportedSaturday. The improvement in the division, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was...
Retail Nov 04, 2019 Rapaport News
Mark Hanna WJA 150
WJA Names Excellence Honorees
The Women’s Jewelry Association (WJA) has announced thehonorees for its Awards for Excellence, with its mentorship prize going to aman for the first time. Its Visionary Awards recognize females who have...
Polished Markets Apr 24, 2019 Rapaport News
WD synthetic
Synthetics Maker WD Gets Cash Injection
Private-equity firm Huron Capital has made a “significant”investment in WD Lab Grown Diamonds, forecasting sharp growth for the companyand the synthetics sector. The injection of funds will help WD expand its capacity toproduce lab-grown diamonds...
Financial-Legal Jan 08, 2019 Rapaport News
JCPenney Richline Grown with Love
Major US Retailers Embrace Synthetic Diamonds
Lab-grown diamonds will feature at some of the largest US retailers this holiday season, with J.C. Penney, Macy’s and Jewelry Television (JTV) anticipating strong growth in the category. Berkshire Hathaway subsidiary Richline Group will...
Retail Nov 01, 2018 Rapaport News
Signet gold mining
Signet Offers First ‘Conflict-Free’ DRC Gold
The Democratic Republic of Congo (DRC) has exportedconflict-free artisanal gold to the US jewelry market for the first time,according to groups involved in the project. The metal from the South Kivu province has gone on sale...
Mining Oct 28, 2018 Rapaport News
TrustChain 150
IBM Launches Blockchain for Jewelry
IBM has partnered with members of the diamond and jewelryindustry to create a blockchain platform for improving traceability.The technology giant will work with retailer HelzbergDiamonds and jewelry manufacturer Richline Group — both subsidiaries of WarrenBuffett’s...
Mining Apr 29, 2018 Rapaport News
JBT 032518 150
JBT Makes President’s Post Official
The Jewelers Board of Trade (JBT) has appointed RichardWeisenfeld as president, the industry group said Friday. Weisenfeld (pictured), who previously held executive positions at RivaPrecision Manufacturing, as well as at Pranda North America, has been actingpresident...
Polished Markets Mar 25, 2018 Rapaport News
Feriel Zerouki De Beers
Piaget, De Beers Execs Take on RJC Roles
Members of the Responsible Jewelry Council (RJC) haveelected Didier Théraulaz of Piaget as vice chairman, and reelected De Beers’Feriel Zerouki as honorary treasurer, the organization said Monday.Théraulaz is corporate affairs director at theRichemont-owned watch and jewelry brand,...
Polished Markets May 16, 2017 Rapaport News
Samuel Aaron Jewelry Plant to Close
Richline Group is shutting down a jewelry-manufacturingplant in New York State following its acquisition of The Aaron Group this month.The factory, located in Mount Vernon, willclose April 25, according to a filing with the New York State...
Manufacturing Jan 26, 2017 Rapaport News
aaron group
Richline Acquires The Aaron Group
Richline Group bought jewelry manufacturer TheAaron Group, as the Warren Buffett-owned business continues to drive growth through mergers and acquisitions. The companies did not disclose terms of the deal, which was the fifth...
Manufacturing Jan 15, 2017 Rapaport News
Steven Cipolla MJSA
MJSA Names New Chair
Manufacturing Jewelers & Suppliers of America (MJSA)elected Steven Cipolla as its chair of the board, the U.S. trade body said. Hesucceeds Ann Arnold, who has been appointed chair of the MJSA EducationFoundation.Cipolla (pictured) is president...
Manufacturing Dec 05, 2016 Rapaport News
Buffett’s Richline Buys Silver Jewelry Seller Silpada
Richline Group snapped up Silpada Designs, marking the BerkshireHathaway-owned jewelry subsidiary’s fourth acquisition this year.Silpada was founded by stay-at-home mothers and grew into“the world’s largest home party seller of sterling silver jewelry,” Richlinesaid....
Retail Oct 26, 2016 Rapaport News
Acquisitions Spur Buffett’s Retail Growth
Berkshire Hathaway, the conglomerate chaired by WarrenBuffett, reported retail revenue increased 6 percent to $3.81 billion in thesecond quarter of 2016. Growth was driven by acquisitions of an automotivedealer and a motorcycle gear retailer, while the business unit also...
Retail Aug 11, 2016 Rapaport News
Buffett’s Richline Acquires Wearables Maker Viawear
Richline Group, a jewelry subsidiary owned by WarrenBuffett’s Berkshire Hathaway, continued its recent string of acquisitions withthe purchase of Viawear, a provider of wearable technology for jewelry brands.Viawear has developed bracelets that filter mobilenotifications so wearers receive...
Retail Jun 07, 2016 Rapaport News
Warren Buffett’s Jewelry Unit Acquires Nordt
Richline Group, a jewelry company owned by Warren Buffett’sBerkshire Hathaway, made a second acquisition in less than a month with thepurchase of a precious-metals company, John C. Nordt.Nordt, amanufacturer for and supplier to the jewelry industry, was founded in 1872...
Retail May 22, 2016 Rapaport News
Warren Buffett’s Richline Buys Jewelry Site Gemvara
Richline Group, a jewelry subsidiary of Warren Buffett’sBerkshire Hathaway, acquired online jewelry seller Gemvara, BostInno reported.The deal will see Gemvara provide ecommerce and in-storedigital technology for Richline’s brands and customers, including BerkshireHathaway...
Retail May 01, 2016 Rapaport News
Elephant, animal
Signet, Tiffany among Members of New U.S. Wildlife Trafficking Alliance
Signet Jewelers and Tiffany & Co. are among jewelryindustry players committing to help stop wildlife trafficking activities in theU.S. through a new agreement among corporations in the country.Berkshire Hathawaycompanies Richline Group and Rio Grande...
Retail Mar 07, 2016 Rapaport News
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