The closure is part of a global restructuring that also includes PGI winding down its operations in Japan, South Korea, and Hong Kong.
Roger Gesswein Jr., a True Gentleman, Dies at 77
He was the third generation to lead tools and equipment supplier Paul H. Gesswein Co.

New York—Roger Gesswein Jr., chairman of global jewelry tools and equipment supplier Paul H. Gesswein Co., died Friday after a battle with mantle cell lymphoma, a rare form of cancer.
He was 77.
Gesswein was the third generation of his family to head the company founded by his grandfather, German immigrant Paul H. Gesswein, in 1914 on Maiden Lane in Lower Manhattan.
He joined the family business in the 1960s after earning a degree in political science from the University of Connecticut, working alongside brother Dwight Gesswein and sister Janet Gesswein Mutti.
In a 2014 interview with Southern Jewelry News marking the company’s 100th anniversary, he recalled working in the family business even before that, going in on weekends and holidays to “play around the office” when he was 14 before taking on more serious tasks when he reached the legal working age of 16.
Gesswein was named president of the company in 1978 and, later, CEO and chairman, helping to innovate and grow the New York-based family business into a global operation.
As news of his passing spread online this week, jewelers recalled how Gesswein and his family’s company had helped them throughout their careers.
“May your father’s memory be a blessing,” one Facebook user wrote on the page of his son, Roger III. “Your company has been outfitting our jewelry store for decades. We bought our first bench and rectifier from him.”
Outside of the family business, Gesswein was active with the Jewelers Vigilance Committee and the Jewelers’ Security Alliance, and was a former president and chairman of the 24 Karat Club of New York City.
In a tribute published Monday, Centurion Editor Hedda Schupak recalled the parties Gesswein would host at his home on the Friday before the annual 24 Karat Club banquet held in New York each January.
“Even before I became a member of the 24 Karat Club, Roger always took time to greet me charmingly, and thoughtfully answer any questions I had about the industry,” she wrote. “He and his wife, Farideh, always welcomed me graciously to their home for their famous annual pre-24 Karat party.”
Gesswein was known for being generous and cultured. His interests outside of the jewelry industry included traveling, food and wine, cigars, art, and music.
He was preceded in death by his sister Janet, who passed away in 2004.
He is survived by his wife, Farideh; daughter Kristen (Stephen
Memorial services will be held at a later date due to the COVID-19 pandemic.
Those who wish to make a charitable donation in Gesswein’s memory can make checks payable to: HUMC Foundation #1126 BMT Inpatient, with the memo: In honor of Roger Hudson Gesswein Jr.
The checks should be mailed to Hackensack Meridian, Hackensack University Medical Center Foundation, 160 Essex St., Suite 101, Lodi, NJ 07644.
“These are the people who nurtured and guided Roger through his long and difficult struggle, and cared for him with love and compassion throughout his final months, weeks and days,” his family said.
Editor’s note: This story was updated post-publication to include information about charitable donations in Roger Gesswein Jr.’s memory.
The Latest

The ring, our Piece of the Week, was designed by eight-year breast cancer survivor Rachel Chalchinsky of Color Source Gems.

The website offers enhanced member benefit access, industry directories, educational resources, a job board, and access to the MJSA Journal.

A Diamond Is Forever's holiday campaign reimagines natural diamond icons for a new generation celebrating individuality.

Boucheron and Pomellato had a strong third quarter, with Kering looking at jewelry as an increasingly important part of its portfolio.


Tara Sinchuri was the owner of Everest Jewels in Fairfield, Ohio, and a father of three. He was found dead in his store on Tuesday.

Bespoke experiences from Buccellati and Verdura are on the retailer’s 2026 “Fantasy Gifts” list.

Built on Relationships. Refined by Craft.

The number of participants at the fall show was up 12 percent.

The Academy and Grammy award-winning siblings have collaborated with John Hardy on a new jewelry line inspired by their personal style.

Diana Singer shared the stories of two “cursed” diamonds on this month’s podcast, which was inexplicably riddled with technical issues.

The De Beers-owned diamond mine in South Africa is being put on ice as part of a round of previously announced cost-cutting measures.

The collection centers designs with clean geometric lines, chunky sculptural pieces, and recognizable details from the luxury fashion brand.

The miner said it saw particularly strong prices for larger, fine-quality rubies at the sale.

The guard opened fire on a man who was smashing a jewelry display case at La Gran Plaza in Fort Worth last week, police said.

Jacob & Co.'s diamond masterpiece is the most expensive Fantasy Bra ever worn on the Victoria’s Secret Fashion Show runway.

The “Atelier” collection was inspired by the tools, rituals, and objects in an artist’s studio as a quiet rebuttal to an automated world.

The pending acquisition is an “exciting opportunity” for wedding vendors to grow their business, said The Knot Worldwide’s CEO.

"The Secret Gems" features eight Thai jewelry brands paired with a team of young craftspeople who create jewelry together to win challenges.

The brand’s “Modern Talisman” capsule collection introduces pendants inspired by the mythology, natural world, and spiritual ethos of Bali.

Independent jewelers from New Mexico to New Jersey answer the question: What has kept your store in business for 100 years?

The NRF is expecting holiday sales to increase this year, but consumers and retailers alike are facing Grinch-like headwinds.

Our Piece of the Week gathers the planets, represented by a variety of colored gemstones, in a pair of 14-karat yellow gold earrings.

The New York-based jeweler is moving its Amherst flagship store to a larger location in nearby Snyder.

Chen, who worked at Cartier and Tiffany & Co., will lead retail sales and operations for the luxury jeweler’s 11 U.S. stores.

For 40 years, sisters Amy and Elise Greenberg have helmed their 126-year-old family business, leading with appreciation and integrity.

It’s a term Smith coined and felt compelled to share following a bad experience with an aborted flight and an unfeeling flight attendant.





















