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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
Borsheims
Borsheims Creates Customer-Focused VP Role
Borsheims has promoted Adrienne Fay to vice president, putting her in charge of overseeing the customer-purchase journey. In the newly-created role, she will also be responsible for uniting the online and in-storeshopping experiences. The move...
Retail Sep 15, 2019 Rapaport News
Berkshire Hathaway
Retail Sales Rise at Berkshire Hathaway
Revenue from the retail division of Warren Buffett’sBerkshire Hathaway increased 2.5% to $4.03 billion in the second quarter, thecompany reported Saturday. The improvement in the division, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben...
Retail Aug 05, 2019 Rapaport News
Helzberg Diamonds
Helzberg Diamonds Launches Synthetics Line
Helzberg Diamonds has launched its owncollection of lab-grown jewelry, Light Heart, citing increased consumer demand for synthetics. The jeweler — owned by Warren Buffett’s Berkshire Hathaway— first introduced the line late last year...
Retail Feb 13, 2019 Leah Meirovich
Ben Bridge
Buffett-Owned Ben Bridge Names New CEO
Lisa Bridge will succeed her father Ed Bridge as CEO of BenBridge Jeweler, a subsidiary of Warren Buffett’s Berkshire Hathaway. Lisa Bridge became the retailer’s first female president andchief operating officer last year. Since then,...
Retail Nov 15, 2018 Rapaport News
Borsheims 150
Berkshire Hathaway Sees Retail Jump
Revenue from the retail division of Warren Buffett’sBerkshire Hathaway increased 5% to $3.93 billion in the second quarter, thecompany reported Saturday. The improvement in the division, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge...
Retail Aug 05, 2018 Rapaport News
Dennis Ulrich Richline
Richline CEO Dennis Ulrich to Retire
Dennis Ulrich is retiring from his position as CEO ofRichline Group, the company said Saturday.Dave Meleski, the current president of Richline, willsucceed Ulrich (pictured), who has held the position at the Warren Buffett-owned company...
Manufacturing May 13, 2018 Rapaport News
Pink synthetics
Buffett Store to Sell World’s Largest Pink Synthetic
A synthetics manufacturer has partnered with WarrenBuffett-owned jewelry retailer Borsheims to unveil what it claimed was thelargest pink lab-grown diamond in the world. ALTR Created Diamonds unveiled the Asscher-cut, 3.99-carat,fancy orangey-pink, VS2-clarity stone last...
Polished Markets May 08, 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
Warren Buffett Announces Jewelry Results 150
Buffett’s Conglomerate Sees Slight Retail Drop
Revenue from the retail division of Warren Buffett’s Berkshire Hathaway slipped0.2% to $15.06 billion last year, the company reported Saturday.The decline in the segment, which includes jewelry chains Borsheims, Helzberg Diamonds and Ben...
Retail Feb 27, 2018 Rapaport News
Lisa Bridge Ben Bridge
Buffett’s Ben Bridge Names First Female Boss
Ben Bridge Jeweler has appointed Lisa Bridge as its firstfemale president amid a shake-up of senior positions at the family-runretailer.Bridge (pictured), previously vice president of education andcreator of the Lisa Bridge Collection, also took on the role...
Retail Nov 08, 2017 Rapaport News
Ever Us Two-Stone Ring
Pleading Signet’s CSR Case
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you would do things differently.” — Warren Buffett. Signet Jewelers has had a frustrating time of late. In the past year,...
Retail May 11, 2017 Avi Krawitz
ben bridge
Sales Slip at Buffett-Owned Retail Business
Berkshire Hathaway’s retail sales declined 1.5% to $3.48billion in the first quarter, mainly due to lower performance at its car dealershipand confectionery businesses.Revenue at Berkshire Hathaway Automotive (BHA) fell 2%,primarily because of a lower number of vehicle sales,...
Retail May 07, 2017 Rapaport News
moissanite
Charles & Colvard, Helzberg Expand Retail Deal
Charles & Colvard will double the number of HelzbergDiamonds stores where its moissanite jewelry is available, under an extensionof its arrangement with the Warren Buffett-owned retailer.“Our companies share a common customer, and this expansioninitiative...
Retail Mar 05, 2017 Rapaport News
Borsheims
Berkshire Hathaway’s Retail Sales Jump
Revenue from Berkshire Hathaway’s retail division, includingthree jewelry businesses, grew 14 percent to $15.09 billion last year, thecompany reported over the weekend.Pre-tax earnings for the unit increased 17 percent to $659 millionin 2016, the...
Retail Feb 27, 2017 Rapaport News
richline
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
richline
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
richline
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
richline
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
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