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.
Diamond District jeweler killed in hit-and-run
The death of Rafaello & Co.’s Aron “Eric” Aranbayev, who was hit by a car in Queens Sunday night, has been ruled a homicide.

New York--A Diamond District jeweler known for his celebrity clientele was killed in a hit-and-run incident in the Forest Hills area of Queens on Sunday and his death has been ruled a homicide.
According to news reports, Aron “Eric” Aranbayev, 40, a founder of the New York-based jewelry company Rafaello & Co., was hit by a Dodge Magnum just before midnight after allegedly arguing with another man, possibly over a parking spot. He was taken to Jamaica Hospital, where he died on Monday.
New York City police, who did not respond to National Jeweler’s request for information on the case by deadline, are still looking for the driver who hit him.
The Rafaello & Co. Instagram handle, @rafaelloandco, has multiple posts acknowledging Aranbayev’s passing, including a post from Tuesday featuring an image of Aranbayev and a caption reading “Your (sic) in great hands now. I will make you proud I promise E.”
Rafaello & Co., headquartered in Manhattan’s Diamond District, was founded in 2009 by Aranbayev, his father Rafael Aranbayev and cousin Gabriel Jacobs.
The company has sold to and dressed many high-profile clients, including Carmelo Anthony of the New York Knicks, musicians Drake, Chris Brown, Jay-Z and Alicia Keys, and the Saudi royal family, according to the timeline on its website.
DJ Khaled also is listed in the timeline as a customer of Rafaello & Co.
Earlier this year, Rafaello & Co. filed a lawsuit against the rapper and record executive over a number of high-end jewelry pieces they had sent to him on a trial basis and which, they claim, he never paid for or returned.
Just this week, news surfaced that DJ Khaled has filed a countersuit against the jeweler denying he owns them money for any jewelry and alleging that it was actually Rafaello & Co. that cheated him out of money by lying about the value of jewelry they sold to him.
The Latest

The rainbow version of the ring, our Piece of the Week, features angel-cut, octahedral lab-grown sapphires designed to be worn as armor.

The new initiative donates a portion of the proceeds from select charms to charitable causes.

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

The Brooklyn-based jeweler created a limited-edition version of its “Aura” eternity band, set with gemstones in the team’s colors.


Dallow will lead the International Colored Gemstone Association, effective July 6.

Senior Editor Lenore Fedow headed to Savannah to learn more about the 10-year, $10 million partnership between JM and the art school.

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

Its new capsule jewelry collection features gold-finished stainless steel pieces designed for a maximalist look without a luxury price tag.

The week-long event in Geneva is slated for April 2027.

The three industry leaders bring financial, communications, and legal expertise to the nonprofit’s board of directors.

Jewelers are missing out by not offering this one key add-on at the online point of sale, Emmanuel Raheb writes.

The fourth collaborative collection from the retailer and jewelry content creator focuses on gemstone charms and strands of colorful beads.

This year’s AGTA Spectrum & Cutting Edge Awards will feature two new categories.

The collection features traceable alexandrite from Brazil in calibrated sizes that is sorted by grade.

Dhaval Raja has been appointed to the role.

The capsule collection looks to vintage trunk pins that echo the spirit of speed, freedom, and the mythology of the American road trip.

SSEF issued a notice about the potential new source of the sought-after gemstone, citing “credible reports” from trade sources.

As Amazon Prime Day kicks off, Etsy is encouraging shoppers to support small businesses.

Cole Winward is the recipient of 2026 AGA Gemological Scholarship.

Whether they evoked nostalgia, wonder, or laughter, these jewels put a smile on our faces.

Scheduled for April 2027, Basilia will be the first watch and jewelry trade show held in Basel since the collapse of Baselworld in 2020.

Submissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.

The beloved beagle dons his aviator outfit for the new Engineer Master II Snoopy Flying Ace timepiece.

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

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.





















