Supplier BulletinApr 24, 2025
Protect Your Customers and Your BusinessSponsored by the Gemological Institute of America
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
EditorsApr 24, 2025
Q&A: Wolf’s CEO Talks U.S. ExpansionSimon Wolf shares why the time was right to open a new office here, what he looks for in a retail partner, and why he loves U.S. consumers.
FinancialsApr 24, 2025
Charles & Colvard Delisted From Nasdaq Due to NoncomplianceThe company failed to file its quarterly reports in a timely manner.
Brought to you by
Protect Your Customers and Your BusinessThe risk of laboratory-grown diamonds being falsely presented as natural diamonds presents a very significant danger to consumer trust.
SourcingApr 24, 2025
Young Diamantaires Transition to NonprofitThe organization also announced its board of directors.
Weekly QuizApr 24, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
TrendsApr 24, 2025
Amanda’s Style File: So CharmingCharms may be tiny but with their small size comes endless layering possibilities, from bracelets to necklaces and earrings.
MajorsApr 23, 2025
Bulgari Doubles Size of Jewelry Factory in ItalyLocated in Valenza, the now 355,000-square-foot facility includes a new jewelry school that’s open to the public, Scuola Bulgari.
Events & AwardsApr 23, 2025
PDPaola Creative Director Wins FGI’s ‘Rising Star’ AwardPaola Sasplugas, co-founder of the Barcelona-based jewelry brand, received the Fine Jewelry Award.
AuctionsApr 23, 2025
Rare Custom Rolex Daytona Heads to AuctionA platinum Zenith-powered Daytona commissioned in the late ‘90s will headline Sotheby’s Important Watches sale in Geneva next month.
MajorsApr 23, 2025
David Yurman’s New Campaign Stars Carmelo Anthony, Jaylen BrownThe basketball stars wear men’s jewelry from the “Curb Chain” collection.
MajorsApr 22, 2025
Zales’ Rebrand Takes Playful Approach to Fine JewelryThe Signet Jewelers-owned retailer wants to encourage younger shoppers to wear fine jewelry every day, not just on special occasions.
AuctionsApr 22, 2025
Christie’s to Auction JAR Jewelry CollectionThe 21 pieces, all from a private collector, will be offered at its Magnificent Jewels auction next month.
ColumnistsApr 22, 2025
The PR Adviser: Building Buzz Through Word of MouthLilian Raji answers a question from a reader who is looking to grow her jewelry business but has a limited marketing budget.
GradingApr 22, 2025
Avi Levy Is GCAL By Sarine’s New Chief Growth OfficerGCAL by Sarine created the new role to sharpen the company’s focus on strategic partnerships and scalable expansion.
Events & AwardsApr 21, 2025
An Exhibition Exploring the History of Cartier Is Now on Display“Cartier: Design, Craft, and Legacy” opened earlier this month at the Victoria and Albert Museum in London.
IndependentsApr 21, 2025
New York Jeweler to Close After 111 YearsVan Cott Jewelers in Vestal, New York, is hosting a going-out-of-business sale.
IndependentsApr 21, 2025
IJO Names New Director of Vendor Relations, Merchandise StrategyIndustry veteran Samantha Larson has held leadership roles at Borsheims, McTeigue & McClelland, Stuller, and Long’s Jewelers.
Events & AwardsApr 21, 2025
Jewelers of Louisiana, Mississippi Jewelers Association to Co-Host ConventionThe two organizations will hold the educational event together this fall in Mississippi.
Events & AwardsApr 18, 2025
Daymond John to Give Keynote at JCK Las VegasThe entrepreneur and “Shark Tank” star will share his top tips for success.
CollectionsApr 18, 2025
Piece of the Week: Dukachi’s ‘Easter Bread’ PendantThe Ukrainian brand’s new pendant is modeled after a traditional paska, a pastry often baked for Easter in Eastern European cultures.
IndependentsApr 18, 2025
Bremer Jewelry to Reveal Renovated StoreThe jeweler has announced a grand reopening for its recently remodeled location in Peoria, Illinois.
MajorsApr 18, 2025
Tiffany & Co. Employees Star in Mother’s Day CampaignThe “Strong Like Mom” campaign features moms who work at Tiffany & Co. and their children.
CollectionsApr 17, 2025
John Hardy, Athena Calderone Partner on Art Deco Decor-Inspired CollectionInterior designer Athena Calderone looked to decor from the 1920s and 1930s when crafting her first fine jewelry collection.
FinancialsApr 17, 2025
Movado Group to Increase Prices to Offset Tariffs ImpactDuring a call about its full-year results, CEO Efraim Grinberg discussed how the company is approaching the uncertainty surrounding tariffs.
Lab-GrownApr 17, 2025
NDC Launches Its Diamond Learning CenterThe free program provides educational content for jewelry salespeople and enthusiasts to learn or refresh their diamond knowledge.
Policies & IssuesApr 17, 2025
Jewelers of America Requests Tariffs Testimonials from MembersThe feedback will be used to prepare other jewelers for the challenges ahead, the organization said.
