Majors

Quality Gold Acquires IBGoodman

MajorsJun 06, 2022

Quality Gold Acquires IBGoodman

The acquisition will allow Quality Gold to bolster its men’s jewelry offerings.

A selection of IBGoodman rings. The company was recently acquired by Quality Gold for an undisclosed amount.
Fairfield, Ohio—Quality Gold Inc. has acquired jewelry manufacturer IBGoodman Manufacturing Co. for an undisclosed price as it looks to bolster its men’s jewelry offerings.

The Newport, Kentucky-based manufacturer is best known for its men’s jewelry and other specialty product lines, sold at retailers worldwide.

It has been a family-owned and operated business since its founding in 1937.

“IBGoodman has a huge collection of rings and accessories for men. This acquisition accelerates our growth potential within the men’s jewelry sector,” said Quality Gold COO Jason Langhammer.

“It is a smart and strong addition for us. We are looking forward to building upon their success."

Quality Gold CEO Michael Langhammer said IBGoodman’s “world-class” products, name recognition, and loyal retailer base piqued his company’s interest.

“The IBGoodman name is well recognized and stands for quality. All their strengths will be integrated and built upon. Quality Gold intends to learn from them and move the brands forward,” said Langhammer.

 Related stories will be right here … 

IBGoodman products will continue to be sold under the IBGoodman brand names.

The fact that Quality Gold is also a family-owned and operated jewelry manufacturer was important to IBGoodman President and CEO Jonathan Goodman Cohen, he said.

“I’ve gotten to know the Langhammers over the years. They are honorable people with capable staff and the next generation in place to build the business,” he said.

IBGoodman’s inventory, equipment, staff, and operations will be relocated from Newport, Kentucky, to Fairfield, Ohio, about 40 minutes away.

“IBGoodman and Quality Gold staff are working closely to integrate operations quickly and smoothly during this ownership transition,” said the companies in a joint press release.

The acquisition will be completed by June 30.

Both companies will be on-site in the Plumb Club pavilion at the JCK show in Las Vegas. Staff from Quality Gold will be at PC-230 while IBGoodman will be at PC-120.

Quality Gold has acquired several companies in recent years, both in the U.S. and overseas, as part of a long-term strategic plan to strengthen its vertical positioning.

Its list of acquisitions includes California-based pendant manufacturer De-ani, gold jewelry supplier Leslie’s, California-based supplier Star Ring Inc. and its Romance Ring division, giftware and jewelry company Luxury Giftware by Jere LLC, and Chicago-based supplier North American Jewelers Inc. as well as its wholly owned subsidiary Steckbeck Jewelry PVT LTD in Mumbai.
Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.
tags:

The Latest

Policies & IssuesJul 01, 2022
U.S. Expands Sanctions to Russian Gold

The U.K, Canada, and Japan have also banned the import of gold originating from Russia.

Recorded WebinarsJul 01, 2022
Watch: What to Know About Livestream Shopping

Jewelry marketing expert Laryssa Wirstiuk shares her tips and tricks for hosting a livestream shopping session.

SourcingJul 01, 2022
De Beers, Botswana Extend Sales Agreement for Third Time

The current agreement, originally set to expire in 2020, will now go through June 2023.

Brought to you by
Preparing for Proposal Season with High-Quality, A.I.-Graded Natural Diamonds

Rare & Forever is helping to create an enjoyable diamond buying experience for the millions of newly-engaged couples.

CollectionsJul 01, 2022
Piece of the Week: Brent Neale x Edie Parker Pendant

The brands have collaborated on a fine jewelry ode to cannabis.

Weekly QuizJun 30, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
Supplier BulletinJun 30, 2022
Here’s Where You’ll Find The Best Online Jewelry Auctions

Sponsored by HiBid

CrimeJun 30, 2022
What JSA’s Annual Report Tells Us About Jewelry Crime in 2021

Plus, JSA President John Kennedy talks about the trajectory of industry crime over the last 20 years.

Brought to you by
Discover The Extraordinary Italian Jewelry In Las Vegas!

Experience all the Italian Jewelry market has to offer in Las Vegas.

CrimeJun 30, 2022
Smash-and-Grab Robbers Hit Booth at TEFAF: Watch the Video

The fair was evacuated temporarily Tuesday after four suspects smashed a showcase and stole jewelry from British jeweler Symbolic & Chase.

Events & AwardsJun 30, 2022
Nominations Are Open for Gem Awards 2023

The 21st annual awards show and gala will take place in New York City next March.

Events & AwardsJun 30, 2022
Registration Open for JIS Fall in Miami

The jewelry trade show is scheduled for Sept. 30-Oct. 3 at the Miami Beach Convention Center.

AuctionsJun 29, 2022
Bonhams Expands Again with Purchase of Paris Auction House

It is the fifth acquisition under the ownership of private equity firm Epiris, which bought Bonhams in 2018.

WatchesJun 29, 2022
Bulova Introduces New Frank Sinatra Watches

The brand again partnered with the Frank Sinatra School of the Arts High School to celebrate the launch of the “Summer Wind” watches.

SurveysJun 29, 2022
U.S. Platinum Jewelry Demand Starts 2022 on a Strong Note

Retail ounce sales were up 23 percent year-over-year in Q1, according to the recent Platinum Jewellery Business Review.

Events & AwardsJun 29, 2022
Registration Is Now Open for the HardRock Summit 2022

Scheduled for Sept. 8-11, the event will comprise more than 310,000 square feet of show floor, exhibits, and education space.

ColumnistsJun 28, 2022
The PR Adviser: Why Should Someone Buy From You?

If you’re having trouble answering this question, columnist Lilian Raji can help you get a started with a few fill-in-the-blank statements.

IndependentsJun 28, 2022
This Jeweler Is Celebrating 40 Years With 40 Days of Giveaways

Continental Diamond in Minneapolis is awarding a total of $25,000 in prizes via daily sweepstakes.

CollectionsJun 28, 2022
Melissa Kaye’s New Collection Doubles the Color

“Lenox” marks the designer’s foray into bespoke jewels and large colored gemstones.

Events & AwardsJun 28, 2022
Second AGS Virtual Education Conference Is All About Negotiation Skills

“Confluence” is happening in August.

MajorsJun 27, 2022
Mayors, Analog:Shift Team Up With Goop

The lifestyle platform will stock fine jewelry and watches from the retailers on its website and in store.

CrimeJun 27, 2022
JSA Warns of ‘Pandemic’ of Distraction Thefts Nationwide

It cited two recent cases in California, plus incidents in Florida, Kansas, and Illinois.

IndependentsJun 27, 2022
Lewis Jewelers Set to Open New Ann Arbor Store This Summer

The 10,000-square-foot location allows for expanded collections from design partners while continuing custom design and other services.

CollectionsJun 27, 2022
This Designer Has Found a New Way to Bring Gemstones to Life

Svetlana Lazar’s “Wishing Well” collection utilizes an innovative component to mimic the movement of water beneath them.

Supplier BulletinJun 24, 2022
AGTA GemFair™ Denver is the Place to Be in September!

Sponsored by AGTA

Recorded WebinarsJun 24, 2022
Vegas Jewelry Recap: The Editors Weigh In

Watch the webinar in which National Jeweler’s editors talk about jewelry market week trends and their predictions for the rest of 2022.

MajorsJun 24, 2022
Banter by Piercing Pagoda Celebrates Pride with ‘SayGay’ Necklace

All proceeds up to $25,000 will benefit the It Gets Better Project, a nonprofit that supports LGBTQ+ youth.

CollectionsJun 24, 2022
Piece of the Week: Marie Lichtenberg’s Hidden Message Locket

It’s a reminder that life is best lived with discretion.

×

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