Her new “Ocean” collection was inspired by Myanmar’s traditional articulated fish jewelry, with depictions of flounder, catfish, and more.
CEO takes big pay cut to give employees a raise
The head of a Seattle-based credit card payment processing firm will be bringing home considerably less bacon after raising the minimum wage at his company to $70,000 a year.
Seattle--It’s said that everybody has their price and for Seattle CEO Dan Price, it appears his number is $930,000.
That exactly how much of his $1 million annual salary the executive will be sacrificing in order to make a big difference in his employees’ lives.
Price announced to employees Monday that he would be increasing the minimum wage at Gravity Payments, which does credit card payment processing for independent businesses, to $70,000 a year over the next three years while at the same time lowering his annual salary from just about $1 million to the minimum.
Many of the firm’s 120 employees currently make about $40,000 to $50,000 a year.
WATCH: Gravity Payments’ CEO Dan Price on the Today show
He told Hoda Kotb on the Today show Wednesday morning that in addition to rewarding his employees--who greeted the news of their amazing raise with a standing ovation--he opted to increase the minimum wage at Gravity Payments in order to draw attention to the continuing struggles of the American middle class.
He said, “Seeing growing inequality and seeing how it’s harder to just make ends meet and kind of live the normal American dream, things are getting more and more expensive, especially in a city like Seattle, and the wages aren’t keeping up.”
Price said he chose $70,000 after reading this article on the connection between salaries and emotional well-being.
The Latest

Longtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.

The full-day sourcing and networking event, slated for Aug. 18, will be followed by the fifth annual Mega Mixer Summer Soirée.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

Model Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.


The board elected 9 new directors at its recent ICA Congress in Brazil.

Three winners will receive a custom ring from Honest Hands Ring Co. inlaid with a piece of history from Denver-based distillery Stranahan’s.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

JD Sports and Wawa were among the fastest-growing retail companies in the U.S. last year.

The new inventory, all untreated, features vibrant hues and unique bicolor combinations.

Acquired by a tech investor, the historic brand will continue to focus on jewelry, accessories, and timepieces.

President Donald Trump issued an executive order extending the pause on higher tariffs to November as negotiations with China continue.

The “Thunderbird Slab” collection features a thunderbird motif as a symbol of power, protection, and boundless possibility.

Columnists Jen Cullen Williams and Duvall O’Steen share tips on how to elevate your professional image.

Peter Damian Arguello, a jeweler in the Denver suburb of Wheat Ridge, was found dead inside his store in November 2023.

The Continental Buying Group’s 2025 Tampa Experience Show is slated for Sept. 8-10.

Associate Editor Lauren McLemore recently attended a fabrics trade show where a trend forecaster shared her predictions for summer 2027.

The company raised its full-year sales guidance while noting it has not yet assessed the potential impact of the latest tariff news.

The organization has raised more than $1.3 million for charity since its inception.

The brand’s latest iteration of a bezel-set diamond bangle features clean lines and a timeless design for a new modern silhouette.

The first watch in the series commemorates his participation in the Civil Rights movement, marching from Selma to Montgomery in 1965.

The catalog contains a complete listing of all the loose gemstones in stock, as well as information about the properties of each stone.

The company added a retailer dashboard to its site and three new birds to its charm collection, the cardinal, blue jay, and hummingbird.

An additional 25 percent tariff has been added to the previously announced 25 percent.

The jewelry and accessories retailer plans to close 18 stores as part of the proceedings.

Designer Hiba Husayni looked to the whale’s melon shaped-head, blowhole, and fluke for her new chunky gold offerings.

She will present the 23rd edition of the trend forecasting book at Vicenzaoro on Sept. 7.