Gabrielle “Coco” Chanel is a character in the “Coco Game” collection of watches and the queen in its first haute horlogerie chessboard.
Foundrae Opens Its First Store
The cult fine jewelry brand has set up shop—complete with a functioning library—in downtown New York City.

Designer Beth Bugdaycay opened the brand’s first brick-and-mortar retail location in March on the ground floor of 52 Lispenard Street in downtown Manhattan’s Tribeca neighborhood.
“The time to open a retail space was right because I really enjoy one-on-one experiences with our customers and am inspired by the interaction,” Bugdaycay explained to National Jeweler. “I wanted to build a place where I can have that interface with the customer, and the customer can be there with the jewelry and have the ability to get creative and build their perfect story.”
The building was originally constructed in 1867. The landmarked, cast iron structure had been victim to a fire and two floods, and was rebuilt by Bugdaycay’s husband, Murat Bugdaycay, a developer, and Angus Pond Architects.
Like Foundrae’s jewelry, everything about the store is imbued with personal and sentimental elements.
The 2,200-square-foot space boasts 18-foot high ceilings. The flooring is made of hand-selected Calcutta marble, which Murat embedded with a bronze Foundrae logo as a birthday surprise for his wife. Solid, hand-hewn wood beams recovered from the original building make up part of the staircase.
Bugdaycay described the store’s interior as “warm and inviting, less like a store and more like my home. A lot of the artwork and books you’ll find throughout the space came from my home, and they are reminders of what I have collected throughout the years.”
Books have a central role in the space: walls are lined with white oak bookcases that house tomes from Bugdaycay’s personal library. Many of the volumes are signed by their authors, and two are authored by Bugdaycay’s ancestor—“The Woman Said Yes” and “The Friendly Persuasion” by Jessamyn West.
The books aren’t merely part of the décor; customers can check them out, free of charge.
“I read a ton,” the designer said. “We were trying to figure out ways that we can be inclusive and build a community; for example, having books that people can check out at no expense. Books are a big part of my inspiration, and I want my customers to feel inspired by books as well.”
Foundrae’s flagship also will be home to an on-site jeweler for free-of-charge customization with jewelry purchases.
The décor is completed by refurbished leather chairs from the 1970s embossed and stamped with Foundrae designs, porcelain sculptures by Kate MadDowell and Juliette Clovis that Bugdaycay commissioned for her first New York Fashion Week presentation, a modern oil painting by Tyler Hays of BDDW, as well as antiques such as Austrian bronze snake andirons from the late 1800s and a French mid-century barometer by Jacques Adnet.
Foundrae is open Monday to Friday from 11 a.m. to 7 p.m. and Saturday from 11 a.m. to 6 p.m.
The Latest

Seized in Kentucky, the packages include fake Cartier, Tiffany & Co., Chanel, and Fendi jewelry.

Rodolfo Lopez-Portillo faces 25 years to life in prison after being found guilty in the March 2022 beating death of Arasb Shoughi.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

“Jewelry Creators: Dynamic Duos and Generational Gems” highlights the relationships among 22 influential designers, brands, and gem dealers.


The AJS Spring 2027 show will be held in Savannah, Georgia, with future shows taking place in other Southeast cities.

The jewelry retailer plans to open 20 new stores this year and expand into new product categories.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Flower motifs are the jewelry trend blooming amongst the new collections that debuted this spring.

The retailer reported an 8 percent decline in annual sales as it struggles under the weight of billions of dollars of debt.

The “Devil” drop earrings, our Piece of the Week, are part of designer Edina Kiss’ new namesake jewelry line that she will show at Couture.

The alert states that burglary crews are targeting jewelry businesses and details how jewelers and refineries can protect themselves.

The “watchmaker of shapes” debuted the reworked version of the vintage sports car-inspired timepiece at Watches & Wonders.

The “Mountings 2026-2027” catalog showcases Stuller’s largest and most diverse assortment to date with more than 400 new mounting styles.

Sally Morrison and Mark Klein discuss De Beers’ first beacon in 16 years and the mistake the industry made with lab-grown diamonds.

McKenzie spent 45 years with Spark Creations and is remembered for being kind, dedicated, and hardworking.

Rolex focused exclusively on the Oyster Perpetual this year, as the model is celebrating its 100th anniversary.

The luxury giant discussed the Middle East conflict and its transformation plans, hinting at a stronger jewelry presence in North America.

Kalpesh Jhaveri was re-elected as president for a third year.

“Diamond Divas,” a social media reality series by Shahla Karimi Jewelry, is nominated in the “Best Social: Fashion & Beauty” category.

The campaign seeks to reignite desire for natural diamond engagement rings by highlighting the “distinct character” of warm-toned diamonds.

Plus, how Saks Global’s bankruptcy affected the luxury giant’s first quarter.

Presented by Mason-Kay Jade, the summit, in its second year, will again be held during the Monterey Bay Jade Festival.

The group has announced its lineup of speakers and a new “Rising Stars” pavilion.

The “Carbon Form” collection explores the contrast between high and low materials, using rubber cord alongside 18-karat gold and gemstones.

The program provides essential funding to organizations for projects that enhance the jewelry industry.

The jewelry trade show is launching its first open-to-the-public event in Coconut Grove this November.





















