Members of the founding family have partnered with Mexican retail company El Puerto de Liverpool to acquire Nordstrom.
In Louisiana, A Fund is Formed for Flood Victims
Jewelers of Louisiana created the fund for jewelers and their employees in the hard-hit state, and Stuller employees are in need of help too.
Baton Rouge, La.--Over the course of a few days, an unnamed storm dumped 31.39 inches of rain on Watson, La., 27.47 inches on Brownfields and 26.26 inches on Monticello, National Weather Service data shows.
A little perspective on just how much water that is: It’s more rain than some U.S. cities get in an entire year, and it’s triple the total amount of rainfall that poured down on south Louisiana during Hurricane Katrina.
The rains caused widespread flooding, claimed 13 lives, destroyed tens of thousands of businesses and left just as many with no place to go.
Now south Louisiana is in need of help, and the state’s jewelers association wants to make sure members of the industry aren’t left out, creating a fund through the Baton Rouge Area Foundation for donations.
Established in 1964, the foundation has come to the aid of Louisiana residents in the wake of other tragedies, including Katrina and the 2010 BP oil spill in the Gulf of Mexico.
Following the floods, a number of companies have started charitable funds through the foundation’s Employees 1st program. By donating through the program, companies don’t pay taxes on contributions and employees who receive the aid don’t pay income tax on it, said Louisiana Jewelers Association President Chad Berg, of Lee Michaels Fine Jewelers.
To donate money to those in the jewelry industry via the Baton Rouge Area Foundation, go to Employees1st.org/JewelersofLA.
Berg said at Lee Michaels, which has two stores in Baton Rouge plus stores in Shreveport, Lafayette and Metairie, they have 15 employees whose homes were flooded.
He said his brother, Scott Berg, who heads the Baton Rouge market for the family-owned chain and is president of the American Gem Society, found a friend who had a boat in order to rescue one Lee Michaels employee from her home.
His tale is just one of many emerging from this devastated region.
“Everybody,” Chad Berg noted, “has a story to tell.”
Eric Armentor, of Armentor Jewelers, is being forced to shut down his Abbeville store after it was flooded with more than three feet of water. “All of our showcases and displays were damaged beyond use,” he said. “We’re not going to rebuild this store and restock it.”
Armentor, whose father opened the first Armentor Jewelers store in 1939, said that prior to the storm, sales were a little soft at the Abbeville location, and they were considering closing it down to concentrate on the other two stores, in New Iberia and Lafayette.
Now, that is a foregone conclusion.
He said most of the inventory was saved, so they are going to run a short liquidation sale and just close up after that, dividing any inventory that doesn’t sell between their other two locations.
“To try to go forward here’s just not going to work,” Armentor said.
“It’s a little disheartening. We’ve been here 28 years.”
Then there’s Stuller.
The largest supplier to the U.S. jewelry industry, Stuller is headquartered in hard-hit Lafayette, where nearly 22 inches of rain fell, according to the National Weather Service, which records rainfall at the regional airport there.
While the company’s facilities were not damaged, it did elect to suspend operations for one day, Friday, Aug. 19, for the safety of its staff, shipping all orders the following Monday.
The manufacturer and supplier told National Jeweler that about 90 of its approximately 1,400 employees in Lafayette lost either a home or a car in the flooding. Stuller is now accepting Visa gift card donations in $50 increments, which employees can use for food, home improvements, rental cars or other needs.
The company also is accepting checks made out to cash, which it can use to purchase gift cards.
“This has been a trying time for many here at Stuller and in our community. We thank you for not only your contributions, but for supporting our Stuller family,” said the company’s vice president of human resources, Jennifer East.
The Latest
The brand has opened its second U.S. location in the Fontainebleau resort and casino.
Associate Editor Lauren McLemore highlights pieces from the AGTA Spectrum & Cutting Edge Awards she’d be thrilled to unwrap on Christmas.
A Diamond is Forever hosted a holiday celebration in honor of their new marketing campaign, ‘Forever Present.’
The move is one of several cost-cutting measures outlined by the company as it faces a weaker luxury market and other challenges.
Associate Editor Natalie Francisco chose her 12 favorite Piece of the Week picks from the year gone by.
Lab clients have the option to request this addition on their emerald reports.
‘Forever Present’ campaign revives the iconic A Diamond is Forever tagline and celebrates the diamond dream.
Jamie Dunton and Gabriella Botelho are the first graduates of the program, created by the WJA Foundation and Julius Klein Diamonds.
In the spirit of giving, Retrouvaí will donate $4,000 from the sale of this ring to the Los Angeles Regional Food Bank.
Along with the latest “Gardens” collection, the brand has released limited-edition designs offering more indulgent pieces.
The man and woman are accused of stealing jewelry from a shipping container then trying to flee by paddling a small boat out into a bay.
The 2,488-carat diamond recovered from a mine in Botswana has been dubbed “Motswedi” while its 1,094-carat sibling is “Seriti.”
The average price per carat hit a record high for the miner, which said it remains unaffected by the conflict in Mozambique.
The nearly 17-carat stone made history for the color-change gem that, according to the auction house, is experiencing a “notable surge” in the market.
More than a century after survivors gifted a Tiffany timepiece to the captain of the ship that rescued them, the jeweler has reclaimed it.
The videos highlight how pieces from the “Xpandable” and “Reversible Xpandable” collections put the wearer in the spotlight.
Feldman reflected on 45 years in the jewelry industry and clarified that it’s not a total retirement.
The luxury brand is being honored for excellence in high jewelry design in its “Haute Joaillerie Sport” collection.
Circelli was a pioneer in the world of TV shopping who is remembered for his passion for gemstones and his big personality.
The nearly 6-carat stone headlined the recent jewelry auction, which also featured Mica Ertegun’s jewelry.
The three men, who got their nickname because they’d toss the jewelry they stole into black plastic bins, were arrested back in August.
“The History of Diamond Engagement Rings: A True Romance” is a 128-page small-format book containing more than 165 images.
Gearys opened a 6,200-square-foot Rolex store with a design that pays homage to the brand’s connection to the ocean.
The diamond cut grade is now available for marquise- and pear-shaped diamonds.
DDG said the honorees’ business practices embody a commitment to positive social impact, industry innovation, and community empowerment.
Estimates on the size and value of the solitaire diamond, which is mounted on a diamond pavé-set yellow gold band, vary.