Following Series of Acquisitions, Quality Gold To Go Public
The jewelry wholesaler and distributor plans to enter the public market through a merger with Tastemaker Acquisition Corp., a SPAC.

Based in the Cincinnati suburb of Fairfield, Ohio, Quality Gold is a jewelry wholesale and distribution company founded in 1979 by David Langhammer and currently run by his sons, CEO Michael Langhammer and Chief Operating Officer Jason Langhammer.
The company has more than 15,000 retail customers, a mix of independents, regional chains, department stores, and e-commerce platforms. It supplies them with finished jewelry, watches (including pre-owned Rolex and Cartier) and natural and lab-grown diamonds.
Quality Gold said it had a record year in fiscal 2022 (ended March 31), with revenue totaling $534 million and adjusted EBITDA of $82 million.
It also has acquired and integrated a dozen companies since 2012—most recently IBGoodman Manufacturing Co. in June—and said the merger will enable it to continue with targeted M&As.
“We are excited to take this major step forward in becoming a publicly traded company,” said Jason Langhammer.
“We have built a business that is well diversified across products, suppliers and customers, has proven to be incredibly stable, and is poised for strong future growth. Our decision to go public is intended to supercharge Quality’s Gold’s growth as the premier jewelry logistics and distribution provider.”
Tastemaker Acquisition Corp. is a special purpose acquisition company (SPAC) led by co-CEOs Dave Pace and Andy Pforzheimer. Also known as a “blank check company,” SPACs do not have any commercial operations but exist solely to raise capital through an initial public offering or by merging or acquiring an existing company.
(Another jewelry player, Blue Nile, also planned to go public through a SPAC but it never happened; the retailer was later acquired by Signet.)
The deal values the combined companies at $989 million.
Upon closing, Quality Gold Inc. will become Quality Gold Holdings Inc. and will trade on the Nasdaq stock exchange under the ticker symbol “QGLD.”
The Langhammer brothers and their current senior management team will continue to run the company, and existing Quality Gold equity holders will retain approximately 94 percent of the new company’s pro forma equity.
The boards of directors of both Quality Gold and Tastemaker have unanimously approved the transaction.
It is subject to other customary closing conditions, including certain regulatory approvals, and is expected to close in the first quarter of 2023.
The Latest

Five dollars buys one vote toward an industry professional you want to see dressed up as a hero, or a villain, this Halloween.

Recently acquired by KIL Promotions, the November edition of the public show in San Mateo, California, will be held Nov. 7-9.

The stone’s two zones, one pink and one colorless, may have formed at two different times, the lab said.

As the holiday season quickly approaches, consider stocking one category that sometimes gets overlooked: earrings.

The New York City store showcases a chandelier with 1,500 carats of lab-grown diamonds designed by an FIT student.


The Museum of Arts and Design's new exhibition features 75 pieces by the designer, best known for her work in the “Black Panther” films.

Making its auction debut, "The Glowing Rose" is expected to fetch $20 million at the November jewelry sale in Geneva.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

They were attacked on Oct. 15, as approximately 40 miners without licenses marched on the mine’s gate.

It took the masked thieves less than 10 minutes to steal eight irreplaceable jewels from two display cases in the museum’s Apollo Gallery.

Gemologist Lauren Gayda has previously worked at The Clear Cut, Taylor & Hart, and Effy Jewelry.

In 2026, the jewelry retailer will celebrate a milestone only a small percentage of family-owned businesses survive to see.

The new showcase dedicated to Italian jewelry design is set for Oct. 29-30.

Take a gaze at the sky with this pair of platinum diamond-set star earrings with blue lace agate drops.

Jeffrey Zimmer's decades of leadership at Reeds Jewelers are defined by integrity, a love of sourcing gemstones, and a heart for community.

The new high jewelry design and production process takes 30 days or less from concept to completion, the auction house said.

The brand has released a second installment of its collection of traditional and non-traditional commitment heirlooms.

Corey rescued New England chain Day’s Jewelers, preserving its legacy with strong people skills, pragmatism, and a “get-it-done” attitude.

Charles Robinson Shay was sentenced to life in prison plus 120 years while his accomplice, Michael James McCormack, got 75 years.

Timepieces at Luxury will take place at The Venetian and, like Luxury, will be invitation-only for the first two days.

The auction house named a new global head of jewelry, as well as a new head of the jewelry department for the Americas.

As chairman of Schwanke-Kasten Jewelers, Tom Dixon has been tasked with honoring the past and shaping the future of the family-run store.

Katty Villapando Lyte and Mica Rencher received a $10,000 grant for their business, Shimmer Culture LLC.

The parents of the Dallas Mavericks rookie bought their engagement ring at a Day’s store in Bangor, Maine, in 1997.

The UK-based brand sourced the gemstones, which are fully traceable, from an artisanal mining community in Tanzania.

The trio of Advent calendars include a version with 18-karat gold and lab-grown diamond jewelry in a red lacquer jewelry box.

Created in collaboration with Nymphenburg Porcelain, the lock is part of a four-piece collection that took two years to bring to fruition.