MajorsJan 02, 2026
Marc Metrick Out as CEO of Saks Global Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.
CrimeJul 17, 2018
Third Suspect Tied to Murder of Austin Jeweler Arrested
Police said it is a “distinct possibility” that Johnny Roman Leon III was the shooter in the murder-for-hire plot that resulted in the death of Ted Shaughnessy.
Austin, Texas—Police have arrested a third suspect in connection with the murder-for-hire plot that resulted in the death of an Austin jeweler earlier this year.
The Travis County Sheriff’s Office said it arrested 21-year-old Johnny Roman Leon III at 10:30 a.m. last Wednesday in College Station, Texas. He has been charged with criminal solicitation of a capital murder.
According to court records, investigators believe Leon conspired with Nicolas Shaughnessy to arrange the March 2 murder of Theodore Shaughnessy, Nicolas’ father. A spokesperson for the Travis County Sherriff’s Office also told National Jeweler it is a “distinct possibility” that Leon was the shooter but added that the case is still being investigated.
Nicolas Shaughnessy and his wife, Jaclyn Alexa Edison, are alleged to have hired someone to murder both Theodore (Ted) and Corey Shaughnessy so they could collect the $2 million in insurance that would come to Nicolas in the event of his parents’ deaths, as well as the additional $6 million he expected to get by selling his parents’ business, Gallerie Jewelers, and house.
According to police records, Corey Shaughnessy told investigators that she and her husband were awoken around 4 a.m. on March 2 by the sound of their dogs barking.
Ted grabbed his handgun and got up to investigate. Less than a minute later, Corey heard gunfire so she grabbed her handgun and got out of bed as well.
She and the intruder exchanged gunfire until she ran out of ammunition; it is believed the suspect was injured in the exchange, authorities said. Corey then hid in the closet and called 911, remaining there until police came.
When deputies arrived on the scene, they discovered the body of 55-year-old Ted Shaughnessy with multiple gunshot wounds. He was pronounced dead at the scene.
According to the arrest affidavit for Leon, he and Nicolas Shaughnessy approached a man, identified only as a “source” in the affidavit, and offered him $10,000 to help kill Theodore and Corey Shaughnessy.
The source, who has not been named, was involved in the plan but was not originally told what he would be asked to do. They later told him “they needed two people to kill two people, by shooting them and possibly shooting some dogs,” the affidavit states.
No other information is being released about whether the unidentified source faces any charges.
Nicolas Shaughnessy and Jaclyn Alexa Edison were arrested in early June. Both
have been charged with criminal solicitation of capital murder.
Edison posted bond last month and is no longer being held.
Shaughnessy is being held at the Travis County jail on a $3 million bond. Leon is now being held at the jail on bond as well.
No one answered the phone at the store on Tuesday.
Edison posted bond last month and is no longer being held.
Shaughnessy is being held at the Travis County jail on a $3 million bond. Leon is now being held at the jail on bond as well.
No one answered the phone at the store on Tuesday.
More on Crime
The Latest
Events & AwardsJan 02, 2026
Jan Mohr, Couture’s ‘North Star,’ Dies at 71Mohr had just retired in June after more than two decades as Couture’s retailer liaison.
SourcingJan 02, 2026
IDCA Elects New President, Board of DirectorsShekhar Shah of Real Gems Inc. will serve as president of the Indian Diamond & Colorstone Association in 2026.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
CollectionsJan 02, 2026
Lalaounis’ 2026 Good Luck Charm Speaks to ResilienceThis year’s good luck charm features the mythical horse Pegasus, and is our first Piece of the Week of the new year.
Weekly QuizDec 23, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
EditorsDec 31, 2025
The Top 5 Stories of 2025Articles about crime, engagement rings, and a necklace worn in the World Series generated the most interest among readers.
MajorsDec 30, 2025
Becka Johnson Kibby to Lead Edge Retail AcademyAs part of the leadership transition, Sherry Smith will take on the role of vice president of coaching strategy and development.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
SourcingDec 30, 2025
India Chosen as KP Chair for 2026It marks the third time the country has headed the Kimberley Process. Ghana will serve as vice chair.
WatchesDec 30, 2025
Bulova, Stetson Collab on Watches With Western FlairThe new Bulova x Stetson designs highlight two animals often associated with the American West—the bison and the Texas Longhorn.
CollectionsDec 30, 2025
Rahaminov Diamonds Pops Up in FloridaIts residency at Yamron Jewelers will run through May 2026.
IndependentsDec 29, 2025
In Memoriam: Industry Friends We Lost in 2025From influential executives to innovative designers, we pay tribute to the people we said goodbye to this year.
MajorsDec 29, 2025
Tanishq Opens New Stores in Florida, VirginiaThe retailer is expanding into areas with large Indian and South Asian populations.
MajorsDec 29, 2025
Nanis Opens First Flagship Store The Italian brand has opened its first flagship amid the peaks of the Dolomites in Madonna di Campiglio, Italy.
SourcingDec 29, 2025
‘Unearthed: Raw Beauty’ Exhibition Opens at LA MuseumThe new curation at the Natural History Museum of Los Angeles County showcases rare gem and mineral specimens in their uncut, natural state.
SurveysDec 24, 2025
Consumer Confidence Falls Again in DecemberConsumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.
AuctionsDec 24, 2025
Bonhams to Open New U.S. Flagship in NYCIn February 2026, the auction house will move its headquarters to the former Steinway Hall, a neoclassical landmark on Billionaires’ Row.
Events & AwardsDec 24, 2025
NYC Jewelry, Antique, & Object Show Announces Winter EventThe new show will take place Jan. 23-25, 2026.
SourcingDec 23, 2025
Mining Titan Brian Gilbertson Dies at 82The former BHP Billiton leader and Gemfields chairman is remembered for his influential leadership throughout his 50-year mining career.
Events & AwardsDec 23, 2025
Bulgari Reimagines Costume Designers Guild AwardThe LVMH-owned brand has partnered with the costume design union to revamp its award for 2026.
MajorsDec 23, 2025
Kering to Acquire Stake in Raselli Franco GroupThe luxury titan inked a deal to acquire an initial minority stake in the jewelry manufacturer with a pathway to full ownership by 2032.
MajorsDec 23, 2025
For Future Reference Vintage Enters Bloomingdale’sThe company’s curation of unsigned vintage and estate jewelry debuted at the Bloomingdale’s in Costa Mesa, California.
EditorsDec 22, 2025
How Helzberg Is Reimagining Its StoresHelzberg’s Chief Retail Officer Mitch Maggart shared details about its tests of a new store concept rooted in an elevated luxury experience.
Recorded WebinarsDec 22, 2025
2025 Jewelry Rewind: Looking Back on an Eventful Year Jewelers of America execs and National Jeweler editors discuss tariffs, the sky-high gold price, and the engagement that broke the internet.
MajorsDec 19, 2025
MadaLuxe Group Acquires Ippolita The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.
MajorsDec 19, 2025
LVMH Names New Bulgari CEOLaura Burdese, who joined the Italian luxury brand in 2022, will take on the role in July.
EditorsDec 19, 2025
2025 Jewelry Superlatives: A Yearbook-Style Year in Review The National Jeweler editors revisit the most noteworthy industry happenings and design trends from 2025.
