The recent high jewelry auction, which also featured the sale of a 10-carat blue diamond, was “a celebration of color.”
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

She wore the “Le Cauri Endiamanté” earrings, our Piece of the Week, in the Obamas’ first dual portrait for the Obama Presidential Center.

Couture’s Michelle Orman joins Amanda Gizzi and Michelle Graff for this special post-Market Week episode of My Next Question.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

The lab is seeing emeralds with filler added post-testing enter the market, accompanied by reports that indicate little to no treatment.


The third generation of the Stern family to head Patek Philippe, he navigated the “quartz crisis” and preserved the brand’s independence.

The Texas-based jeweler is gradually rolling out a new experience-forward layout in its stores.

DCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.

The Super Bowl LX champions were honored with diamond and blue sapphire rings by Jason of Beverly Hills.

Marianna Smirnova previously spent a decade working with the Responsible Minerals Initiative, in addition to other relevant roles.

The New York Knicks took home the Larry O'Brien Trophy crafted by Tiffany & Co.

Associate Editor Natalie Francisco lists the trends she spotted during Jewelry Market Week that will dominate the second half of 2026.

Its app now reflects increased prices for Mozambique ruby, as well as changes to its Burma ruby charts.

The manufacturer has tapped Alicia Arnold, the former director of custom design at Tiny Jewel Box.

The special-edition piece marks the 140th anniversary of the iconic beverage brand.

Here are 13 small charms to inspire your layered looks this summer.

Found by a metal detectorist, the ring likely belonged to a wealthy, possibly royal, owner, said Noonans.

Our Pride Month Piece of the Week, the “Margaux” ring, is part of the wife-and-wife team’s new “Lovestoned” collection.

The group has named the keynote speaker and announced a new pavilion for its next event, which is slated for September.

From lions and hippos to snails and fish, Senior Editor Lenore Fedow wrangles her picks for cutest jewelry critters in Las Vegas.

The big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.

Marie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October.

At the JCK show, the lab-grown diamond brand teamed up with Jewelers for Children to support Make-A-Wish India.

Ilana McCabe is Signet’s vice president of public relations and brand communications.

It was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.

The approval means the retailer is on track to exit bankruptcy proceedings this summer.

The men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.























