Alex and Ani Founder Carolyn Rafaelian Has Launched a Fine Jewelry Line
The new brand, Metal Alchemist, focuses on unisex, classic jewelry designs.

This month, she launched Metal Alchemist, a brand that designs, forges, and crafts its jewels completely in Rhode Island.
Metal Alchemist’s in-house master metalsmiths utilize a proprietary weeks-long bonding process to refine their metals, all of which are mined in the United States.
The company says its metals are “forged to alchemical standards of purity that create wearable, energetic tools.”
A spokesperson for Metal Alchemist explained its proprietary bonding process utilizes the purest metals available—99.99% pure silver, 99.99% pure gold, and 99.95% pure copper—to formulate its various alloys.
At launch, Metal Alchemist has three collections: “Precious Bonded Metal,” “Woven Metal Mesh,” and “Intention Wire.”
They’re produced in a wide range of metals, including stainless steel, sterling silver, gold fill, 14-karat gold and 18-karat gold. Jewels currently range from $28 to $2,800 retail.
Metal Alchemist has partnered with Reeds Jewelers as its initial exclusive retail partner. Pieces will be stocked at Reeds’ 62 stores in 13 states, as well as on Reeds.com.
“This new venture is incredibly special to me, because it combines elements of my culture, my beliefs, and one of my passions—fine jewelry,” said Rafaelian.
“Metal Alchemist jewelry is the first of its kind in so many ways—from the quality of the precious metals to our proprietary refining and bonding processes that we do in-house, right here in Rhode Island, to working with ancient alchemical techniques in a whole new way. We knew partnering with Reeds was the right decision for this launch because they also value quality, craftsmanship and customer experience.”
Senior Vice President of Merchandising at Reeds, Judy Fisher, added: “Reeds is honored and proud to support Carolyn Rafaelian as her exclusive partner to introduce Metal Alchemist.
“Carolyn’s new brand is launching in an extraordinary way because it is based on the principles of alchemy. Carolyn’s long history in jewelry manufacturing makes her an expert in the properties of precious metals, and each metal has individual energy properties that she is unleashing in new and exciting ways.”
Shoppers can also find Metal Alchemist for sale on the company’s website, as well as at its very own storefront in New York City.
Rafaelian founded Alex and Ani in Rhode Island in 2004. The company’s inexpensive, expandable wire charm bracelets became wildly popular in the early 2010s, but as their popularity waned, the company grappled with debt and legal battles.
Rafaelian left the company in 2020. Alex and Ani emerged from bankruptcy in 2021 and secured additional funding last summer.
The Latest

The New York Knicks took home the Larry O'Brien Trophy crafted by Tiffany & Co.

Associate Editor Natalie Francisco lists the trends she spotted during Jewelry Market Week that will dominate the second half of 2026.

Its app now reflects increased prices for Mozambique ruby, as well as changes to its Burma ruby charts.

DCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.

The manufacturer has tapped Alicia Arnold, the former director of custom design at Tiny Jewel Box.


The revamped, elevated space will feature a two-story Patek Philippe atelier and a rooftop patio for parties.

The special-edition piece marks the 140th anniversary of the iconic beverage brand.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

Here are 13 small charms to inspire your layered looks this summer.

Found by a metal detectorist, the ring likely belonged to a wealthy, possibly royal, owner, said Noonans.

The group has named the keynote speaker and announced a new pavilion for its next event, which is slated for September.

From lions and hippos to snails and fish, Senior Editor Lenore Fedow wrangles her picks for cutest jewelry critters in Las Vegas.

The big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.

Marie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October.

At the JCK show, the lab-grown diamond brand teamed up with Jewelers for Children to support Make-A-Wish India.

Ilana McCabe is Signet’s vice president of public relations and brand communications.

It was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.

The approval means the retailer is on track to exit bankruptcy proceedings this summer.

The men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.

The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.

The industry veteran is bringing his 56-year run in the fine jewelry sector to an end.

The panel discussion will feature LGBTQ+ leaders across the jewelry, luxury, and creative industries.

Inspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.

The company has promoted Katherine Whitacre to the role.

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.

Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.
























