IndependentsNov 13, 2025
127-Year-Old New Orleans Jeweler to CloseIndependentsFeb 13, 2026
97-Year-Old New Mexico Jewelry Store To Close
Butterfield Jewelers in Albuquerque, New Mexico, is preparing to close as members of the Butterfield family head into retirement.
Butterfield Jewelers in Albuquerque, New Mexico is set to close after nearly 100 years in business. (Image courtesy of Butterfield Jewelers’ Facebook page)
Albuquerque, N.M.—Butterfield Jewelers in Albuquerque, New Mexico, is closing after 97 years in business.
The company was founded in 1928 by Ernest Bernard Butterfield Sr. in Pana, Illinois. He had managed jewelry stores in Indiana and Illinois prior to opening his own store, according to the jeweler.
In 1945, he moved his family to Albuquerque and opened a jewelry store across from the University of New Mexico.
His son, Ernest Bernard “Bernie” Butterfield Jr., joined the family business after graduating from high school.
Bernie had studied watchmaking at Precision Instrument Laboratory in Los Angeles and at Bradley University in Peoria, Illinois.
When his father died in 1954, Bernie took over the business, running the store until his retirement in 2018.
He served as president, treasurer, and a board member of the New Mexico Jewelers Association, and was active in Jewelers of America, according to his online obituary.
In 1975, the store relocated to a shopping center, which Bernie acquired and renamed “Butterfield Plaza” to celebrate the jeweler’s 65 years in business.
His wife, Anne, alongside his son Mike, daughter Theresa, and son-in-law Bill later joined the business, working alongside three master goldsmiths and three master watchmakers.
Bernie died in May 2021 at age 92, while Anne died in December 2024 at age 95.
Mike Butterfield, Bernie’s son and grandson of the store’s founder, ran Butterfield Jewelers for several years.
His sister, Theresa Butterfield, and her husband, Bill, have run the store since 2020.
The Butterfield family announced their plan to retire on the jeweler’s social media channels. The store is currently holding a going-out-of-business sale.
“The news is bittersweet because we’ve built lasting friendships with a lot of customers over the years,” Mike said.
“I’m sure this will be an emotional time for everyone.”
Related stories will be right here …
The company was founded in 1928 by Ernest Bernard Butterfield Sr. in Pana, Illinois. He had managed jewelry stores in Indiana and Illinois prior to opening his own store, according to the jeweler.
In 1945, he moved his family to Albuquerque and opened a jewelry store across from the University of New Mexico.
His son, Ernest Bernard “Bernie” Butterfield Jr., joined the family business after graduating from high school.
Bernie had studied watchmaking at Precision Instrument Laboratory in Los Angeles and at Bradley University in Peoria, Illinois.
When his father died in 1954, Bernie took over the business, running the store until his retirement in 2018.
He served as president, treasurer, and a board member of the New Mexico Jewelers Association, and was active in Jewelers of America, according to his online obituary.
In 1975, the store relocated to a shopping center, which Bernie acquired and renamed “Butterfield Plaza” to celebrate the jeweler’s 65 years in business.
His wife, Anne, alongside his son Mike, daughter Theresa, and son-in-law Bill later joined the business, working alongside three master goldsmiths and three master watchmakers.
Bernie died in May 2021 at age 92, while Anne died in December 2024 at age 95.
Mike Butterfield, Bernie’s son and grandson of the store’s founder, ran Butterfield Jewelers for several years.
His sister, Theresa Butterfield, and her husband, Bill, have run the store since 2020.
The Butterfield family announced their plan to retire on the jeweler’s social media channels. The store is currently holding a going-out-of-business sale.
“The news is bittersweet because we’ve built lasting friendships with a lot of customers over the years,” Mike said.
“I’m sure this will be an emotional time for everyone.”
The jeweler highlighted its history of community service.
In 2025, Butterfield Jewelers received the Golden Torch Award from the Better Business Bureau serving New Mexico and Southwest Colorado.
“Our father believed in running a successful business but also serving the community in other ways,” said Mike. “He really took that to heart in everything he did.”
Theresa also established the Butterfield Endowed Music Scholarship at the University of New Mexico’s Department of Music in honor of her late father, who was fond of classical and jazz music.
It supports students studying music education.
“Our grandfather started this business with a belief in treating people right,” Mike said.
“Generations of customers helped us keep that belief alive. Our family is grateful for the strong support we’ve received from the community for so long.”
More on Independents
The Latest
SourcingJul 06, 2026
Gemfields CEO Sean Gilbertson Steps DownAfter eight years, Gilbertson is leaving his post at the mining company, which is currently facing a slew of operational challenges.
MajorsJul 06, 2026
Graff Names BTS Star Jung Kook as New AmbassadorThe pop artist appears in the latest campaign for the “Laurence Graff Signature” collection.
CollectionsJul 06, 2026
Pandora’s New Baroque Pearl Collection Is a Whimsical ‘Wonder’One-of-a-kind pearls take the shape of ice cream cones, frogs, submarines, and other imaginative charms.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
SourcingJul 02, 2026
London Diamond Bourse Elects First Female PresidentCharlotte Rose said her election is “a sign that this is an industry capable of change.”
Weekly QuizJul 01, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Supplier BulletinJul 02, 2026
Elevating Retail Showcases with Today's Necklace & Bracelet TrendsSponsored by Rio Grande Jewelry Supply
TrendsJul 02, 2026
Oscar Heyman’s Flag Brooch Celebrates AmericaThe American jewelry house, founded by Latvian immigrants, has been creating American flag brooches since 1917.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
Events & AwardsJul 02, 2026
Stratus Estate Buyers Offers Jewelers Turnkey Buying EventsIts team can evaluate jewelry and watches, as well as luxury handbags, artwork, and collectibles.
SurveysJul 01, 2026
Consumer Confidence Ticks Up in JuneFalling oil prices were a factor in the slight month-over-month improvement.
CollectionsJul 01, 2026
Rio Grande Launches First Finished Bridal CollectionThe new offering comprises more than 120 bridal and engagement ring styles with natural and lab-grown diamonds.
WatchesJul 01, 2026
Rolex Unveils Clock at Rockefeller CenterThe clock is part of the celebration for the soon-to-open Rolex headquarters on New York City’s Fifth Avenue.
IndependentsJul 01, 2026
Kristen Cannon of Valobra Master Jewelers Dies at 49The public relations professional is remembered for her benevolent generosity and unwavering commitment to those around her.
WatchesJun 30, 2026
Pokémon Fans Will Want to Catch This New G-Shock WatchThe new watch commemorates Pokémon’s 30th anniversary.
MajorsJun 30, 2026
Saks Global Emerges From Bankruptcy With New NameThe luxury retailer is now called Exemplar Luxury Group.
CollectionsJun 30, 2026
Jade Ruzzo’s New Collection Embodies the Art of Being a LadyThe “Lady” collection is a new take on old beauty standards with gemstone-adorned hair pins and combs, a compact mirror necklace, and more.
SourcingJun 30, 2026
Blue Nile Introduces Montana Sapphire CollectionThe new line is included in the e-tailer’s curation of jewelry celebrating America’s 250th anniversary.
GradingJun 30, 2026
AGS Opens 2026 Recertification ExamAll active members who earned their credential or designation before Dec. 1, 2025, are required to recertify.
CollectionsJun 29, 2026
Briony Raymond’s New Collection Is a ‘Carousel’ of Hard StonesThe new jewelry collection uses a colorful palette of onyx, malachite, tiger’s eye, mother-of-pearl, lapis, turquoise, and coral.
IndependentsJun 29, 2026
Look Inside Lee Michaels’ Revamped Mississippi FlagshipLee Michaels Fine Jewelry is celebrating 30 years in the Ridgeland, Mississippi community.
GradingJun 29, 2026
National Rarities Announces New Gemology ManagerSean Milliner has joined the company.
GradingJun 29, 2026
GIA to Open New London CampusClasses will begin in August at GIA’s new Canary Wharf location.
AuctionsJun 26, 2026
‘Hogback’ Diamond Ring Finds a New Home A ring set with “hogback” diamonds, an early stone cut dating to around the 16th century, sold for more than $20,000 at a U.K. auction.
CollectionsJun 26, 2026
Strength Is Sharpened Into Beauty in Kris Averi’s ‘Prism Thorn’ RingThe rainbow version of the ring, our Piece of the Week, features angel-cut, octahedral lab-grown sapphires designed to be worn as armor.
MajorsJun 26, 2026
Rembrandt Charms Debuts ‘Charms That Give Back’The new initiative donates a portion of the proceeds from select charms to charitable causes.
TrendsJun 26, 2026
Bernard James Celebrates Knicks’ Win with RingThe Brooklyn-based jeweler created a limited-edition version of its “Aura” eternity band, set with gemstones in the team’s colors.
SourcingJun 25, 2026
ICA Names Brandee Dallow as CEODallow will lead the International Colored Gemstone Association, effective July 6.
