FinancialsMar 20, 2026
Macy’s Turnaround Plans Shows Promise, Boosted by Bloomingdale’sPlus, why Saks Global’s bankruptcy may have given Bloomingdale’s an edge.
IndependentsAug 25, 2017
Govberg Jewelers Opens New Headquarters in Philly Suburbs
The space underwent 18 months of renovation to better reflect its vision of tech-enabled luxury commerce, including a watch “trading floor.”
Govberg Jewelers’ renovated headquarters in the suburbs of Philadelphia features a “trading floor” on the second level, where associates engage with clients across the world.
Bala Cynwyd, Pa.--After an $8.5 million investment and 18 months of renovation and construction, retailer Govberg Jewelers has opened its new headquarters in a Philadelphia suburb.
Located in Bala Cynwyd, the three-story, 20,000-square-foot building is a shared workplace that brings together departments that previously were spread among five facilities: pre-owned watches, marketing, technology, finance, administration and watchmaking.
All floors have five-foot tall windows that span the entire perimeter of the building, allowing sunlight to flood the first-floor state-of-the-art watchmaking facility, where nine Swiss-trained watchmakers and refinishers service and repair hundreds of timepieces every month.
The second floor houses Govberg’s operations, administration and the digitally-focused pre-owned watch department, where concierge-style associates engage with clients across the world from what the company is referring to as its “trading floor.”
Here, the team of “traders” acquires luxury timepieces from private collections and estates while also accepting watch trade-ins and new purchases.
Meanwhile, the third floor houses the company’s executive department--marketing, technology and finance--where community spaces, conference rooms and designated lounge areas are an integral part of the floorplan to allow for collaboration, productivity and creativity, the company said.
The space’s décor reflects both its main point of business for more than 100 years through design features like wall clocks by the watch brands that Govberg Jewelers represents, as well as its embrace of startup culture, with aspects like autographed sports memorabilia from legendary athletes, playful artwork and life-sized superheroes found around the office.
CEO Danny Govberg said, “The move is part of our long-term vision for tech-enabled luxury commerce as we become more agile and focused on introducing new concepts to the marketplace. We recognize today’s customer wants a trusted partner to buy, sell and trade luxury pre-owned watches with convenience and ease. Our new headquarters provides space and resources to scale these services in a manner unique to the watch category.”
Govberg Jewelers celebrated its 100th anniversary last year but received attention for the modern, technology-driven way it answers the demands of today’s consumers. It was mentioned in an article from The New York Times about Swiss watchmakers beginning to sell online, a space for which it provides a model with its omnichannel approach.
In 2015, the company launched its own app, Govberg OnTime, geared toward tech-savvy shoppers. It offered
a platform for buyers who want to buy, trade and sell new and pre-owned watches, allowing users to see how much a specific watch sold for over a twelve-month period and giving them a benchmark to price their own watch for resale.
This spring, it was rebranded as WatchBox by Govberg, as it also redesigned its functionality, user experience and aesthetic--the watch pricing guide feature has a more advanced proprietary algorithm that factors secondary market analysis, estimated market value and recent market sales for more than 80,000 unique models, and that data is supplemented with descriptions and details of each model, related news articles and purchase availability. They also updated the shopping feature.
This spring, it was rebranded as WatchBox by Govberg, as it also redesigned its functionality, user experience and aesthetic--the watch pricing guide feature has a more advanced proprietary algorithm that factors secondary market analysis, estimated market value and recent market sales for more than 80,000 unique models, and that data is supplemented with descriptions and details of each model, related news articles and purchase availability. They also updated the shopping feature.
More on Independents
The Latest
AuctionsMar 20, 2026
Sotheby's, De Beers Unveil ‘Jwaneng 28.88’ DiamondThe flawless, Type IIa stone is estimated to achieve up to $2.8 million at the auction house’s high jewelry sale in April.
TrendsMar 20, 2026
‘Frankenstein’ Costume Designer Is Bejeweled In Brooches for Oscars WinCostume designer Kate Hawley wore three archival Tiffany & Co. brooches, our Pieces of the Week, while accepting her first Oscar.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
FinancialsMar 19, 2026
Signet Jewelers to Close 100 Stores, Shutter James Allen BannerThe jewelry retailer announced changes to its store network and brand portfolio during its fourth-quarter earnings call.
Weekly QuizMar 19, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysMar 19, 2026
NRF Forecasts 4% Retail Sales Growth in 2026From a weaker labor market to inflation, NRF Chief Economist Mark Mathews gave insight on what retailers can expect this year.
AuctionsMar 19, 2026
26-Carat Diamond Tops $1M at AuctionThe historic stone, which sold at Elmwood’s in London, is the largest white diamond to be offered on the U.K. market in more than a decade.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
Events & AwardsMar 19, 2026
JCK Rocks To Ride With NellyThree-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach in Las Vegas on May 31.
AuctionsMar 18, 2026
Collection of the ‘Severely Beautiful’ Lady Wardington Fetches $161KThe model and fashion editor’s gold evening bags were the top lots at the London sale, going for more than $25,000 each.
PodcastsMar 18, 2026
Episode 3: An Interview With Jewelry Designer Johnny NelsonFresh off winning the David Yurman Gem Awards Grant, Nelson discusses the ring that launched his career and his plans for the future.
SourcingMar 18, 2026
Lucara Recovers Nearly 37-Carat Blue DiamondThe “stunning” Type IIb stone was found via x-ray technology at its Karowe mine in Botswana.
MajorsMar 18, 2026
Stuller Releases New Edition of Jewelry Education Book“The Basics of Jewelry” has been updated to include modern topics and visuals.
Events & AwardsMar 17, 2026
The Best Moments From the 2026 Gem Awards Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.
SourcingMar 17, 2026
Cruzeiro Mine Debuts ‘Winter Tourmaline’The Brazilian mine’s new collection features cabochons in soft, muted shades like silver and lilac.
TrendsMar 17, 2026
Natalie Portman Is Tiffany & Co.’s New AmbassadorThe Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.
MajorsMar 17, 2026
Kering Establishes Jewelry Division, Appoints CEOThe organizational change follows Kering’s promise of a transformation after declining sales in 2025.
EditorsMar 16, 2026
2026 Oscars Jewelry: One Necklace After AnotherNatalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.
WatchesMar 16, 2026
TAG Heuer Has a New CEOBéatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.
AuctionsMar 16, 2026
Bonhams Paris To Offer Antique, Signed Jewels The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.
CollectionsMar 13, 2026
A Trio of Jewels from the 3 Gem Award Nominees for Jewelry DesignOur Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.
WatchesMar 13, 2026
Citizen, Vera Wang to Launch Watch CollectionThe 24-piece watch collection is set to debut in spring 2027.
SourcingMar 13, 2026
Andrea Pooler Joins Third-Generation Diamond Company as COO Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.
MajorsMar 13, 2026
24 Karat Club of New York’s Banquet to Return to Waldorf AstoriaThe reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.
CollectionsMar 12, 2026
Jessica McCormack Sends Gold, Gemstones Into ‘Orbit’McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.
Events & AwardsMar 12, 2026
Johnny Nelson Wins David Yurman Gem Awards GrantNelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.
TechnologyMar 12, 2026
Caratwise Launches, Names Former Signet Exec CEO The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.
