Associate Editor Natalie Francisco shares eight of her favorite jewelry looks from the 77th annual Primetime Emmy Awards, held Sunday night.
Man Found Guilty of Ordering 2004 Murder of Diamond Dealer
Federal authorities say Hector Rivera paid two men $30,000 to kill diamond dealer Eduard Nektalov.
New York--Thirteen years after a Manhattan diamond dealer was shot dead in the middle of a crowded sidewalk on Sixth Avenue, the man accused of orchestrating his killing has been found guilty.
The U.S. Attorney’s Office for the Southern District of New York announced Monday that following a six-day trial in front of federal Judge Paul A. Engelmayer, a jury found 65-year-old Hector Rivera guilty of conspiring to commit murder for hire, murder for hire and using a firearm to commit murder.
On May 20, 2004, a diamond dealer named Eduard Nektalov, 46, was gunned down at the corner of Sixth Avenue and 47th Street at about 7:20 p.m.
According to the U.S. Attorney’s Office, the shooter--whom the New York Post identified in a 2014 article on Diamond District crime as a “drug-addicted ex-con” named Carlos Fortier--followed Nektalov from his family’s jewelry store, Roman Jeweler on 47th Street, and shot him once in the head and twice in the back.
Rivera, described by prosecutors as the leader of a violent robbery crew, paid Fortier and another man a combined total of $30,000 to kill Nektalov because of “a business dispute between Nektalov and one of Rivera’s criminal associates,” the U.S. Attorney’s Office said.
In 2003, Nektalov was one of about a dozen 47th Street jewelers arrested and charged in what federal authorities called “Operation Meltdown.” They were accused of laundering Colombian drug money via gold that they melted down into everyday objects, like belt buckles, that could then be smuggled out of the country.
According to a 2004 profile on Nektalov by New York magazine, he and his father, Roman, were two of the three suspects who did not plead guilty in the case. Nektalov’s murder took place about two months before his trial was slated to begin, though it was never made clear if the two were connected.
Rivera faces a mandatory sentence of life in federal prison. His sentencing is scheduled for April 11, 2018, before Judge Engelmayer.
The Latest


It’s predicting a rise in retail sales this holiday season despite economic uncertainty and elevated inflation.

It included the sale of the 11,685-carat “Imboo” emerald that was recently discovered at Kagem.

With their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.

The newly elected directors will officially take office in February 2026 and will be introduced at the organization’s membership meeting.


Associate Editor Lauren McLemore headed out West for a visit to Potentate Mining’s operation hosted by gemstone wholesaler Parlé Gems.

Fordite is a man-made material created from the layers of dried enamel paint that dripped onto the floors of automotive factories.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

Gilbertson has worked as a researcher, jeweler, lapidary artist, appraiser, and business owner throughout his decades in the industry.

A decision likely won’t come until January 2026 at the earliest, and the tariffs remain in effect until then.

Located in the revamped jewelry hall at the retailer’s New York City flagship, this opening is Tabayer’s first shop-in-shop.

The new, free app offers accessible educational content, like games and podcasts, for U.S. retailers.

As the gold price rises, the manufacturer is offering a 100 percent payout through Sept. 30 for gold clean scrap.

Jacob & Co. partnered with the German technology company on two pairs of headphones, one set with diamonds and the other with sapphires.

Guillermo del Toro’s 2025 “Frankenstein” will feature 27 jewels and objects from the storied brand, including pieces from its archives.

The Waldorf Astoria New York’s grand reopening this past summer means a homecoming for the industry group’s annual event.

Anglo plans to merge with Teck Resources Ltd. to form Anglo Teck. The deal changes nothing about its plans to offload De Beers.

The 9.51-carat fancy vivid blue diamond, which set two world auction records at Sotheby’s in 2014, is estimated to fetch up to $30 million.

The industry veteran joins the auction house as it looks to solidify its footprint in the jewelry market.

The nonprofit awarded four students pursuing a professional career in jewelry making and design with $2,250 each.

The Texas-based jeweler has also undergone a brand refresh, debuting a new website and logo.

The two organizations have finalized and signed the affiliation agreement announced in May.

The single-owner sale will headline Sotheby's inaugural jewelry auction at the Breuer building, its new global headquarters, this December.

From sunrise yoga to tariffs talks, these are some events to check out at the upcoming inaugural event.

Smith recalls a bit of wisdom the industry leader, who died last week, shared at a diamond conference years ago.

The “Victoria” necklace features a labradorite hugged by diamond accents in 18-karat yellow gold.

Two lower courts have moved to block the import taxes, which will remain in place as the legal battle continues.