GradingOct 21, 2022
Why AGS Is Closing Its Lab, Merging It With GIA MajorsOct 25, 2022
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.
A selection of chain from Fairfield, Ohio-based supplier Quality Gold. The company announced that it plans to go public through a merger with special purpose acquisition company Tastemaker Acquisition Corp. It is slated to trade on Nasdaq under the symbol “QGLD.”
Fairfield, Ohio—Quality Gold Inc. plans to go public through a merger with Tastemaker Acquisition Corp., the two companies announced last week.
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.”
Related stories will be right here …
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.
More on Majors
The Latest
ColumnistsJul 28, 2026
Peter Smith: Why Your Job Postings May Be Working Against You Smith reveals the method The Retail Smiths use to help retailers and vendors write better job postings.
FinancialsJul 28, 2026
Tiffany & Co., Bulgari Lead the Way for LVMH in H1LVMH’s jewelry and watch brands outperformed the company’s other divisions in an environment the company described as “disrupted.”
CollectionsJul 28, 2026
Lionheart’s New Collection Unites Spiritual Iconography“Sacred Heart” features symbols like crosses, angel wings, the Star of David, and the evil eye as a representation of coexistence.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
Events & AwardsJul 28, 2026
The Edge Funding 2 Scholarships Via 24 Karat Club SEUS The scholarships will go to early-career professionals looking to study gemology, bench work and jewelry design, or store operations.
Weekly QuizJul 23, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysJul 27, 2026
Jewelry Leads Luxury Market Amid Stabilization, Bain SaysBain & Company delved into the trends shaping the luxury market, the impact of AI, and more in its recent study.
SourcingJul 27, 2026
‘Rubies’ Goes on Display at Harvard MuseumThe exhibition reveals the gemology, geology, and cultural history of the iconic red gemstone.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
Policies & IssuesJul 24, 2026
New Trump Tariffs: What They Mean for Jewelry The new sweeping slate of tariffs impacts 60 countries, including India, China, Thailand, Hong Kong, and the United Arab Emirates.
TrendsJul 24, 2026
Amanda’s Style File: Ode to ‘The Odyssey’From coin pendants to diamond shields, these old world-inspired jewels are the perfect accessory for an epic journey.
TrendsJul 24, 2026
Courtney Leidy’s Silk Cord Pendants Center Unexpected Pairings Our Piece of the Week pairs a checkerboard-cut amethyst with an ivy green silk cord.
PodcastsJul 23, 2026
Episode 7: Reinhold Jewelers on the Power of RelationshipsMildred Marcano Abrams and Yael Reinhold join the podcast to talk community connections, holiday plans, and preserving Reinhold’s legacy.
SourcingJul 23, 2026
De Beers’ Production Jumps 88 Percent in Q2 Production also was up in the first half of 2026 but is expected to “substantially” decrease in H2 as two key mines undergo maintenance.
CollectionsJul 23, 2026
Silvia Furmanovich’s New Collection Travels Back to the 1920s“Art Deco” fuses ancestral techniques, rare materials, and modern perspectives as a tribute to the optimism and curiosity of the movement.
IndependentsJul 23, 2026
Sissy's Log Cabin Opens Casino StoreThe jeweler’s newest store is inside Arkansas’ Saracen Casino Resort.
WatchesJul 23, 2026
Movado Inks Licensing Deal With Kate Spade New YorkThe watch company will design, manufacture, and distribute Kate Spade New York watches.
Policies & IssuesJul 22, 2026
Trump to Put 50% Tariff on Canadian Goods The higher tax is set to go into effect in August and will apply to loose polished diamonds as well as precious and base metals jewelry.
CollectionsJul 22, 2026
Monica Rich Kosann’s High Jewelry Is FruitfulThe “Enchanted Garden” series features a cherry, lemon, and pear that each hold a little secret inside.
IndependentsJul 22, 2026
Liljenquist Beckstead Opens Rolex New BoutiqueIt’s located in Tysons Galleria, an upscale shopping center in the Washington, D.C., metro area.
Events & AwardsJul 22, 2026
NY Now Returns in August Under New OwnershipThe show, recently acquired by Rockview Management Group, will be held at New York City’s Javits Center from Aug. 2-4.
ColumnistsJul 21, 2026
Sherry Smith: Shattering the Illusion of the ‘Either/Or’ Diamond MarketSmith offers retailers guidance on creating an environment where natural and lab-grown diamonds can both thrive.
Events & AwardsJul 21, 2026
Apollo Funds Completes Emerald AcquisitionFormer Emerald President and CEO Hervé Sedky has transitioned to the role of senior advisor.
CollectionsJul 21, 2026
Graff’s New Butterfly High Jewelry Brooches MetamorphosizeThe 12-piece capsule collection transforms from brooches to pendants.
SourcingJul 21, 2026
Anglo Reportedly Selects Gareth Penny’s Consortium as Top Bidder for De BeersA Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.
Policies & IssuesJul 20, 2026
Tariffs on Brazil to Increase But Rough Gemstones ExemptThe new tariff, imposed after a Trump administration study, is 25 percent and will stack on top of existing tariffs.
CollectionsJul 20, 2026
Vhernier Transforms ‘Freccia’ Collection Into High JewelryThe collection from 2014 has been reinterpreted into high jewelry with its signature triangular-shaped elements.
Events & AwardsJul 20, 2026
TJS Accepting Speaker Proposals for 2027 EventOrganizers are looking for presentations on topics like manufacturing, technology and research, bench work, gemstones, and sustainability.
