WatchesMar 28, 2024
Peek Inside Jaeger-LeCoultre’s Revamped NYC FlagshipIndependentsApr 01, 2024
The 1916 Company Names New CEO
The retailer also has plans to open new locations.
John Shmerler is the new CEO of the 1916 Company, which formed late last year by combining watch platform WatchBox and independent jewelers Govberg Jewelers, Hyde Park Jewelers, and Radcliffe Jewelers.
Philadelphia—The 1916 Company has made changes to its leadership team.
The company was formed in late 2023 by combining watch platform WatchBox and independent jewelers Govberg Jewelers (the parent company of WatchBox), Hyde Park Jewelers, and Radcliffe Jewelers.
Justin Reis, the former global CEO of the 1916 Company and co-founder of WatchBox, will take on the role of chairman.
John Shmerler, who co-led the company’s authorized retail network alongside Damon Gross of Radcliffe Jewelers, is the new CEO. Gross will serve as president.
Danny Govberg, the third-generation owner of Govberg Jewelers who had acquired Hyde Park Jewelers and Radcliffe Jewelers prior to the merger, will “continue in a day-to-day role working on the vision and strategy,” said the company, after formerly serving as executive chairman.
With more than 30 years of experience in the watch and jewelry industry, Shmerler brings “a thoughtful style of leadership and an ever-evolving definition of what it means to be a customer-centric business,” said the company.
Shmerler shared his excitement, stating, “I am excited to engage in this new role, and to bring my industry knowledge to The 1916 Company. We are poised to grow, and more importantly, elevate and deepen our relationships with new and existing clients.”
The 1916 Company was formed by combining several prominent watch retailers with the goal of becoming a leading global platform and community for watch collectors.
Reis congratulated Shmerler on his CEO appointment and remarked on the company’s overall progress.
“Since we founded the company, it has grown from strength to strength, with over 500 employees and 20 locations worldwide. I am so proud of our team [for] delivering on a dynamic vision, with remarkable accomplishments along the way,” said Reis.
“John has an incredible passion for the industry and carries deep relationships with the leading watch and jewelry brands,” he said.
Related stories will be right here …
The company was formed in late 2023 by combining watch platform WatchBox and independent jewelers Govberg Jewelers (the parent company of WatchBox), Hyde Park Jewelers, and Radcliffe Jewelers.
Justin Reis, the former global CEO of the 1916 Company and co-founder of WatchBox, will take on the role of chairman.
John Shmerler, who co-led the company’s authorized retail network alongside Damon Gross of Radcliffe Jewelers, is the new CEO. Gross will serve as president.
Danny Govberg, the third-generation owner of Govberg Jewelers who had acquired Hyde Park Jewelers and Radcliffe Jewelers prior to the merger, will “continue in a day-to-day role working on the vision and strategy,” said the company, after formerly serving as executive chairman.
With more than 30 years of experience in the watch and jewelry industry, Shmerler brings “a thoughtful style of leadership and an ever-evolving definition of what it means to be a customer-centric business,” said the company.
Shmerler shared his excitement, stating, “I am excited to engage in this new role, and to bring my industry knowledge to The 1916 Company. We are poised to grow, and more importantly, elevate and deepen our relationships with new and existing clients.”
The 1916 Company was formed by combining several prominent watch retailers with the goal of becoming a leading global platform and community for watch collectors.
Reis congratulated Shmerler on his CEO appointment and remarked on the company’s overall progress.
“Since we founded the company, it has grown from strength to strength, with over 500 employees and 20 locations worldwide. I am so proud of our team [for] delivering on a dynamic vision, with remarkable accomplishments along the way,” said Reis.
“John has an incredible passion for the industry and carries deep relationships with the leading watch and jewelry brands,” he said.
The leadership changes come at an opportune time, said Reis, noting the company has plans to invest in its community-focused strategy, build its customer relationships, and unite the worlds of new and pre-owned watches and jewelry.
As several companies have merged together, the rebrand will take place via a phased rollout, with all companies eventually being renamed The 1916 Company.
The company will launch a unified website in the second quarter of this year.
“We’re excited to unveil The 1916 Company’s new online destination, delivering access to our full authorized brand portfolio, complemented by an unparalleled pre-owned inventory. The platform will serve as a destination for collectors to collect, sell, and learn about watches,” said Shmerler.
The company is also growing its U.S. store network, which includes multi-brand salons and mono-brand boutiques, starting with a new store in Baltimore. A new location in Philadelphia is planned to open later this year while a new multi-brand boutique is slated to open in Manhattan Beach, California in 2025.
Editors' Picks
Sponsored by
More on Independents
The Latest
SurveysMar 27, 2025
Consumer Confidence Falls in March Amid ‘Gloomy’ OutlookThe Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.
AuctionsMar 27, 2025
300-Year-Old Ring Linked to Witch Trial Judge Goes Unsold at Auction However, two medieval jewels surpassed estimates at Noonans Mayfair’s recent jewelry auction in London.
WatchesMar 27, 2025
Austin Butler Joins Breitling as Brand AmbassadorThe Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.
Brought to you by
The Heart of the Industry: Giving Bench Jewelers the Recognition They DeserveBench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.
SourcingMar 27, 2025
Susan Jacques, Gaetano Cavalieri to Headline 2025 ICA Congress The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.
Weekly QuizMar 27, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
WatchesMar 26, 2025
Bulova Celebrates 150th Anniversary With Art Deco WatchesThe “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.
MajorsMar 26, 2025
QVC Group Appoints New PresidentAlex Wellen, formerly CEO and president of MotorTrend Group, has taken on the role.
Brought to you by
Natural Diamonds Should Mean MoreNatural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.
Events & AwardsMar 26, 2025
Jewelers of America Announces New Funding Initiative The Impact Initiative is part of the nonprofit association’s new three-year strategic plan.
AuctionsMar 25, 2025
Christie’s To Auction 35-Carat Sapphire, 13-Carat RubyThe ruby and the sapphire, which Christie’s calls a “once-in-a-generation masterpiece,” are part of the upcoming Hong Kong jewelry auction.
CrimeMar 25, 2025
Tiffany & Co. Earrings Swallowed Following Grab-and-Run Theft RecoveredThe two pairs of earrings, snatched from a Tiffany & Co. store in Orlando, Florida, are valued at a combined $769,500.
ColumnistsMar 25, 2025
The Smart Lab: Using Short-Form Videos to Sell More JewelryThe time to start experimenting with video content is now, writes columnist Emmanuel Raheb.
CollectionsMar 24, 2025
Pomellato’s Latest ‘Nudo’ Collections Revamp its Classic DesignFrom striking high jewelry to miniature fine jewelry, the new chapter continues to highlight gemstones featuring its signature 57-facet cut.
MajorsMar 24, 2025
4 Top Executives to Depart Signet Jewelers Amid TurnaroundThe jewelry giant is reducing its senior leadership by 30 percent as part of its new turnaround strategy.
WatchesMar 24, 2025
Sotheby's Now Offers Watch Repair ServicesThe auction house's partnership with online watch servicing platform WatchCheck makes repairs convenient and accessible, it said.
FinancialsMar 21, 2025
Swarovski Says Its Lab-Grown Diamond Sales Doubled in 2024The company also noted record sales in the United States and a strong performance in its jewelry category.
SourcingMar 21, 2025
BrankoGems To Hold Conference in MontanaThe event, set for June 13-15, will feature educational presentations and guided visits to the state’s sapphire mines.
TrendsMar 21, 2025
Piece of the Week: Marrow Fine’s ‘Til Death’ RingAfter the black enamel band became a best-seller for the brand, it has now launched an enamel ring personalization program.
Events & AwardsMar 20, 2025
JCK Rocks to Feature Snoop Dogg, Jason DeruloThe rapper and singer-songwriter will perform at Tao Beach on June 8.
TechnologyMar 20, 2025
Chris Ploof, Severine Ferrari Launch YouTube Video Series“Conversations with Chris Ploof” covers tips for men buying wedding bands, behind-the-scenes footage of Ploof in his studio, and more.
Lab-GrownMar 20, 2025
Beyond Jewelry: Possibilities in the Lab-Grown Diamond SectorAs lab-grown diamond brands pop up across India, academics are researching how to grow demand outside of the jewelry industry.
MajorsMar 19, 2025
Signet Jewelers to Close Stores, Cut Staff Amid Declining SalesThe moves are part of the retailer’s new turnaround plan, “Grow Brand Love,” which also includes emphasizing brand loyalty over store banners.
CollectionsMar 19, 2025
Jessica McCormack’s New Collection Elevates Office WearThe “Rush Hour” campaign stars Zoë Kravitz in bold, wearable pieces designed to make a statement in the workplace.
WatchesMar 19, 2025
Breitling Acquires Another Watch Brand From the 1800sBreitling is reviving Gallet, which was founded in 1826 and is known for making watches used in the early days of long-distance travel.
AuctionsMar 19, 2025
10-Carat Fancy Vivid Blue Diamond Expected to Sell for $20MDubbed the “Mediterranean Blue,” this “remarkably rare” diamond will be part of Sotheby’s May jewelry auction in Geneva.
MajorsMar 19, 2025
AGS Adds New Program, Relaunches CSAThe American Gem Society now offers a Jewelry Evaluation Advisor designation as well as an updated Certified Sales Associate designation.
CollectionsMar 18, 2025
Beck Debuts New Collection as Trove’s Latest Designer-in-ResidenceRebecca Zeijdel-Paz created more than 75 new pieces for the residency, which will be on display at Trove’s store in New York through April.
