Events & Awards

And the 2022 Shipley Award Goes To …

Events & AwardsApr 27, 2022

And the 2022 Shipley Award Goes To …

Arkansas jeweler Craig Underwood, a G.G. and C.G.A. who is as involved in his community as he is in the American Gem Society.

20220427_AGS Shipley Award 2022.jpg
AGS jeweler Craig Underwood (right) was this year’s recipient of the American Gem Society’s highest honor, the Robert M. Shipley Award. The award was presented Tuesday at AGS Conclave by another Shipley Award-winning jeweler, Cathy Calhoun. (Photo courtesy of American Gem Society)
Oklahoma City—Craig Underwood, a second-generation jeweler who is deeply involved in both the American Gem Society and his local community, is the recipient of the 2022 Robert M. Shipley Award.  
 
Underwood, president of Underwoods Fine Jewelers in Fayetteville, Arkansas, received the award Tuesday afternoon at AGS Conclave, held this week in Oklahoma City. 
 
After accepting the award from another past Shipley winner, Cathy Calhoun, Underwood shared an apt simile for a jeweler who also is an award-wining landscape and nature photographer. 
 
Underwood, who was clearly emotional, said he felt like “a turtle on a fencepost … not only [is he in] an awkward position but you know that he didn’t get there by himself, and that is certainly the case here.” 
 
He thanked everyone who has helped him throughout the course of his career, including his parents, and he urged other attendees to get involved in AGS like he has. 
 
“It is so enriching. You get back so much more than you put in by stepping back and volunteering to be a part of AGS,” he said. 
 
Underwood wrapped up his speech with another nature analogy, this one centering on the Amur carp, or koi fish.
 
The growth of the fish, he said, depends on the size of its habitat. It will grow a lot more in a large lake than it will in a small tank. 
 
“This is very similar to the human race, but with our minds. If we continue to expand our horizons and expand our world, we will grow larger,” he said, noting how his involvement with AGS has helped him grow personally. 
 
“It is a phenomenal organization, so thank you again,” Underwood concluded. 
 
 Related stories will be right here … 
 
The American Gem Society presents the Robert M. Shipley Award, its highest honor, at a luncheon held annually at Conclave. 
 
Shipley founded both AGS and GIA and initiated organized gemological research and education in the United States. 

The award presented in his honor goes to an AGS member for outstanding service to the society, significant contributions to the science of gemology, and/or exemplifying the ideals of AGS in their own community. 
 
In presenting Underwood with the 2022 award, Calhoun said he has “excelled in all.” 
 
Underwood has been in the jewelry business since 1975, working as a manager and buyer at another AGS store, Lee Michaels Fine Jewelry, before joining his family’s business full time.  
 
He is the second generation to run Underwoods Fine Jewelers, which his father, Bill Underwood (a past AGS president and Shipley Award winner), opened in 1957.
 
Under his leadership, the store has won numerous awards, including being named one of America’s “Coolest” jewelry stores by Instore magazine.
 
He is a past president of AGS’s International Board of Directors, past chair of the Diamond Standards Committee and the Gemological Sciences Committee and was founding chair of the Fancy Cut Grade Task Force. 
 
He has served on the boards of Jewelers for Children and the AGS Jewelers Education Foundation (JEF) and was a JEF industry education speaker. He currently serves on the board of directors for Jewelers Mutual Group.
 
Underwood is a graduate of Baylor University, where he studied entrepreneurship, and is a Gemological Institute of America Graduate Gemologist (GG) and an American Gem Society Certified Gemologist Appraiser (CGA). 
 
Outside of the jewelry industry, he is one of the founders of an award-winning restaurant in northwest Arkansas, a co-developer of a 744-unit apartment complex and the developer of a mixed-use project in Fayetteville.
 
Alongside wife Laura, he recently purchased and then donated 65 acres of land to the city of Fayetteville, creating the city’s largest park. 
 
Underwood also, Calhoun said in presenting the award Tuesday, has won a number of state and national awards for his landscape photography. One of his photos of Arkansas’ Buffalo River was featured in The Nature Conservancy’s 2022 calendar.
 
AGS Conclave 2022 continues through Wednesday in Oklahoma City.

— Associate Editor, News, Lenore Fedow contributed to this report.
 

The Latest

Stock image of a gavel
CrimeSep 02, 2026
CA Jeweler Gets 5 Years in ‘Phantom Rolex’ Ponzi Scheme

Nelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.

Sandy Lerner’s 18-karat gold and diamond cat brooch
AuctionsSep 02, 2026
If You Love Cats, This Jewelry Auction Is for You

Cat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.

Arnaud Michon
MajorsSep 02, 2026
Messika Names Former Omega Exec as New President, CEO of Americas

Arnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.

Cover.jpg
Brought to you by
Your Piece Could Be the One Editors Talk About

Submit your pieces for a chance to win in this year's competition.

Stainless steel Patek Philippe Calatrava watch
AuctionsSep 01, 2026
UK Woman Uncovers Rare Patek Philippe Watch in Mom’s Jewelry Box

The stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.

Weekly QuizAug 27, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Smart Age Solutions founder and CEO Emmanuel Raheb
ColumnistsSep 01, 2026
Your Jewelry Marketing Has a Bridal Problem

Engagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.

Charlotte Fournet and Krizia Cucurachi
MajorsSep 01, 2026
Kering Names New Pomellato, DoDo CEOs

Former Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.

1872-x-1052-July-ad (1).png
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying Events

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

Anne Marie Shulman
MajorsSep 01, 2026
Anne Marie Shulman Joins GPA Global

The veteran luxury packaging executive was appointed to help the company grow its North American business.

Photo of one of the suspects in theft of Queen Nazli’s necklace from MAK museum
CrimeAug 31, 2026
$4M Van Cleef & Arpels Diamond Necklace Snatched From Vienna Museum

Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).

Ethiopian paraiba tourmaline
GradingAug 31, 2026
GIA, Gübelin Gem Lab Confirm New Paraíba Tourmaline Deposit in Ethiopia

The labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.

Catbird First Men’s Collection Worn Well
CollectionsAug 31, 2026
Catbird Launches First Men’s Jewelry Collection

The “Worn Well” collection is Catbird's take on classic men's jewelry.

Buddha Mama Butterfly Necklace
CollectionsAug 28, 2026
Dolly Parton Would Have Loved This Butterfly Necklace

This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.

Gareth Penny
SourcingAug 28, 2026
Gareth Penny to Give Opening Speech at CIBJO Centenary Congress

The former De Beers CEO, and perhaps its next owner, will be a featured speaker at the event, slated for Sept. 4-7 in Italy.

Day’s Jewelers store in Salem New Hampshire
IndependentsAug 28, 2026
Day’s Jewelers Honored With 3 Workplace Awards

The employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.

Alex Consani in Pandora Talisman campaign
CollectionsAug 27, 2026
Pandora Expands ‘Talisman’ Collection as Lawsuit Continues

The second iteration of the jewelry collection was inspired by the zodiac and the four elements: earth, water, air and fire.

Stock image of loose polished diamonds
SourcingAug 27, 2026
OFAC Renews License Allowing Import of ‘Grandfathered’ Russian Diamonds

General License 104B supersedes General License 104A, which was set to expire on Sept. 1.

Counterfeit Cartier Love bracelet
CrimeAug 27, 2026
Customs Seizes Nearly 900 Pieces of Counterfeit Jewelry

The package, intercepted in Indianapolis, contained fake Cartier, Tiffany & Co., and Van Cleef and Arpels jewelry.

Jessica McCormack South Coast Plaza California Store Exterior
IndependentsAug 27, 2026
Jessica McCormack to Open First West Coast Store

The new location in Costa Mesa, California, marks the brand’s second store in the United States and fourth standalone location worldwide.

Kate Spade Movado watches
FinancialsAug 27, 2026
Movado’s Q2 Sales Up As Younger Consumers Take Interest in Watches

The fashion watch category was once threatened by the Apple Watch, but consumers are now opting for new wearables, said Movado’s CEO.

Retrouvaí flying pig signet ring
SurveysAug 26, 2026
5 Jewelry Insights From The RealReal’s Resale Report

The report delves into trending styles, the most popular jewelry brands by city, and why Belle Époque jewelry could be the next big thing.

AGTA 17th edition gemstone information manual
Lab-GrownAug 26, 2026
AGTA Now Requiring Members to Call Lab-Grown Gems ‘Synthetic’

The association added the requirement to its revised "Code of Ethics" and released the 17th edition of its “Gemstone Information Manual.”

Hand pushing a shopping cart
SurveysAug 26, 2026
Consumer Confidence Dips in August Amid Anticipatory Anxieties

Respondents were concerned about the future of the labor market and their income as well as the rising prices of gas and groceries.

Boucheron Goutte Eternity Question Mark
TrendsAug 26, 2026
Boucheron’s New Campaign Celebrates Its ‘Question Mark’ Necklaces

The campaign highlights the asymmetrical high jewelry necklace style that the jeweler first created in 1879.

Harry Winston Rare Jewels of the World
Events & AwardsAug 26, 2026
Harry Winston Exhibition to Open in Shanghai

It will explore the life of “The King of Diamonds” and showcase more than 165 creations from the brand.

Alnesha Bianca Handy and James Arthur Graves Graham Jr.
CrimeAug 25, 2026
Florida Woman Scammed Out of $1.5M in Jewelry, Precious Metals

Two suspects have been arrested in connection with the complex phone scam.

Technology Therapy Group Founder and CEO Jennifer Shaheen
ColumnistsAug 25, 2026
Proof Before Purchase: The Gen Z Way to Buy

In her first column for National Jeweler, Jennifer Shaheen asks jewelers if they know how to connect with the next generation of consumers.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy