The company raised its full-year sales guidance while noting it has not yet assessed the potential impact of the latest tariff news.
Lee Michaels Moves into Albuquerque
The New Mexico store will be the ninth location for Lee Michaels Fine Jewelry.

Albuquerque, N.M.--Lee Michaels Fine Jewelry, a 40-year-old family-owned firm, announced this week that it will open its ninth store this spring.
Located at ABQ Uptown in Albuquerque, New Mexico, the store will be 3,500 square feet and stock David Yurman and Rolex, among other brands.
Ryan Berg, who currently oversees the retailer’s operations in Shreveport, Louisiana and Texas, will be in charge of the Albuquerque store.
Berg told National Jeweler Wednesday that the new Lee Michaels store will be the only authorized Rolex dealer in the state (there were two others but they closed in recent years) and the only store in the state to carry David Yurman.
He said Lee Michaels is promoting from within, relocating the assistant manager of its San Antonio store to Albuquerque to manage the new store.
Also joining the staff on a part-time basis is longtime local jeweler Ron Beauchamp, who made the decision to retire and close Beauchamp Jewelers in 2016. Berg said Beauchamp, a graduate gemologist, will work to help establish Lee Michaels in the community where he has long-standing relationships.
The new Lee Michaels store is expected to open in late May or early June and will be an end cap on ABQ Uptown, an upscale Simon-owned strip mall that includes the state’s only Apple and Lululemon stores.
Berg said they are renovating a space formerly occupied by a steak restaurant.
He said they see “tremendous opportunity” in the market, particularly as the only Rolex and Yurman dealers, as well as in this shopping plaza, which Berg called the “ground zero for high-end retail” in Albuquerque.
Berg added that in an industry that is shrinking, Lee Michaels is growing and pursuing opportunities. The retailer could potentially open a 10th store, though he said they haven’t yet identified a location.
Lee Michael Berg opened Lee Michaels Fine Jewelry in 1978.
Today, the retailer is a member of American Gem Society with locations in Texas, Louisiana and Mississippi that do a total of $50 million in sales annually.
The company is run by Lee and his three sons, Ryan, Scott and Chad. Ryan Berg just completed his term as chairman of the board of Jewelers of America while Chad is the current president of the board of directors for the American Gem Society.
The Latest

The organization has raised more than $1.3 million for charity since its inception.

The brand’s latest iteration of a bezel-set diamond bangle features clean lines and a timeless design for a new modern silhouette.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

The first watch in the series commemorates his participation in the Civil Rights movement, marching from Selma to Montgomery in 1965.


The catalog contains a complete listing of all the loose gemstones in stock, as well as information about the properties of each stone.

The company added a retailer dashboard to its site and three new birds to its charm collection, the cardinal, blue jay, and hummingbird.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

An additional 25 percent tariff has been added to the previously announced 25 percent.

The jewelry and accessories retailer plans to close 18 stores as part of the proceedings.

Designer Hiba Husayni looked to the whale’s melon shaped-head, blowhole, and fluke for her new chunky gold offerings.

She will present the 23rd edition of the trend forecasting book at Vicenzaoro on Sept. 7.

Omar Roy, 72, was arrested in connection with the murder of jeweler Dionisio Carlos Valladares.

The New Orleans-based brand’s “Beyond Katrina” jewels honor the communities affected by the storm.

Lilian Raji explains why joining an affiliate network is essential for brands seeking placements in U.S. consumer publications.

The organization has awarded a total of $42,000 through its scholarship programs this year.

The winner of the inaugural David Yurman Gem Awards Grant will be announced live at the 2026 Gem Awards gala.

As summer winds down, celebrate the sunny disposition of the month’s birthstones: peridot and spinel.

Moshe Haimoff, a social media personality and 47th Street retailer, was robbed of $559,000 worth of jewelry by men in construction outfits.

Xavier Dibbrell brings more than a decade of experience to the role.

The addition of Yoakum, who will lead Kay and Peoples, was one of three executive appointments Signet announced Thursday.

The insurance company’s previous president and CEO, Scott Murphy, has split his role and will continue as CEO.

The nearly six-month pause of operations at its Kagem emerald mine earlier this year impacted the miner’s first-half results.

The necklace uses spinel drops to immortalize the moment Aphrodite’s tears mixed with her lover Adonis’ blood after he was fatally wounded.

The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.

Jewelers of America’s 35th annual design contest recognized creativity, artistry, style, and excellence.

The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.