The largest known fancy vivid blue-green diamond could fetch more than $12 million at its second auction appearance.
Jeweler marks anniversary with treasure hunt
Pennachio Jewelers is celebrating its sixth anniversary by giving away four 14-karat gold and diamond pendants, but anyone interested in owning one is going to have to solve a few riddles to find it.

Glastonbury, Conn.--Pennachio Jewelers is celebrating its sixth anniversary by giving away four 14-karat gold and diamond pendants, but anyone interested in owning one is going to have to solve a few riddles to find it.
For the third year in a row, Pennachio Jewelers is holding a treasure hunt promotion. This one asks participants to find four diamond pendants, valued at $1,000 each, hidden in four different towns in Connecticut.
There is no limit to the number of pendants one person can find, and whoever finds their pendant the fastest will also receive a $1,000 gift card to the jewelry store.
To participate in the hunt, entrants can visit the Pennachio Jewelers Facebook page on March 15 to receive the first riddle.
There will be four riddles in all, released on consecutive Saturdays thereafter. The riddles will be in the form of stanzas, with the first stanza giving away the town in which the pendant is hidden.
The second stanza gives participants the starting point within the town, the third and fourth stanzas take individuals closer to the pendant, and the fifth gives away the pendant’s exact location.
The riddles are named after the 4Cs: cut, clarity, color and carat.
In addition, participants who stop into the Pennachio Jewelers store will get some extra clues.
“What is challenging is keeping the hunt fresh and new, so this year we actually took feedback from previous year’s participants and set up something completely different,” said Ron Drost, who co-owns Pennachio Jewelers along with his wife, Tracey Pennachio.
Last year, the Pennachio Jewelers treasure hunt offered a $10,000 diamond and ruby bracelet to mark the store’s fifth anniversary. For its fourth anniversary, a $5,000 diamond bracelet was the prize.
This year’s hunt is called the “Circle of Life,” and to assist with the hunt Pennachio Jewelers has outlined its boundaries, defined by a circle of diamonds, on a map.
“The hunt is full of surprises and even some pirates here and there. It is designed to get people out of the house to do something fun together whether it be with a spouse, kids or a group of friends,” Drost said.
The hunt also kicks off a month-long sale at the jewelry store to celebrate its anniversary.
Additional information on the treasure hunt can be found on the Pennachio Jewelers website.
The Latest

Emmanuel Raheb says jewelers need to start marketing early and make it easy for customers to pick a gift for mom.

The trade organization, which held its annual elections earlier this year, also added five new board members.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

NRF’s annual survey found that 45 percent of consumers plan to purchase jewelry for a loved one this Mother’s Day.


The “Vault” charm, our Piece of the Week, expands on the memories that can be stored in a locket by connecting to your phone.

The open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Sponsored by Jewelers Mutual

The proposed agreement follows the moissanite maker’s Chapter 11 bankruptcy protection filing last month.

The Patek Philippe for Tiffany & Co. timepiece Astor brought aboard the ill-fated ship sold for double its estimate at a Freeman’s auction.

The “Dalí’s Garden” collection was inspired by a surreal dream Neeley had after cooking a recipe from Salvador Dalí’s 1973 cookbook.

Natalie Feanny has been appointed to the role.

The pair falsely claimed their jewelry was made by Navajo artists, but it was imported from Vietnam.

Julien’s Auctions is selling the musician’s fine and fashion jewelry alongside her clothing, gold records, and other memorabilia.

Rachel King’s book dives into the history of the pendant believed to have belonged to Henry VIII and his first wife, Katherine of Aragon.

The company will have deals on precious metals testers as well as the latest in lab-grown diamond detection technology and security.

Gabrielle “Coco” Chanel is a character in the “Coco Game” collection of watches and the queen in its first haute horlogerie chessboard.

The annual list honors rising professionals on the retail and supply sides of the jewelry industry.

Seized in Kentucky, the packages include fake Cartier, Tiffany & Co., Chanel, and Fendi jewelry.

Rodolfo Lopez-Portillo faces 25 years to life in prison after being found guilty in the March 2022 beating death of Arasb Shoughi.

“Jewelry Creators: Dynamic Duos and Generational Gems” highlights the relationships among 22 influential designers, brands, and gem dealers.

The AJS Spring 2027 show will be held in Savannah, Georgia, with future shows taking place in other Southeast cities.

The jewelry retailer plans to open 20 new stores this year and expand into new product categories.

Flower motifs are the jewelry trend blooming amongst the new collections that debuted this spring.

The retailer reported an 8 percent decline in annual sales as it struggles under the weight of billions of dollars of debt.

The “Devil” drop earrings, our Piece of the Week, are part of designer Edina Kiss’ new namesake jewelry line that she will show at Couture.






















