The family-owned jeweler will open a new showroom in Bel Air, Maryland, this fall.
2 Arrested in Smash-and-Grab at Detroit-Area Costco
It is unknown at this time if the two men are connected to other jewelry thefts.

Detroit—Two teenagers have been charged in a recent smash-and-grab at the jewelry counter of a Detroit-area Costco, and police are working to determine if the pair are tied to other jewelry thefts.
According to the Oakland County Prosecutor’s Office, on Friday, 18-year-old Jajuan Profit and 17-year-old Raphael Simmons were arraigned and charged with one count of armed robbery and one count of resisting and obstructing. Profit also faces a charge of flee and elude.
His bond was set at $500,000, while bond for Simmons was set at $350,000.
The smash-and-grab occurred a little after 7 p.m. on Jan. 7 at the Costco store in Commerce Township, Michigan.
Costco security camera stills show one of the teens holding a sledgehammer and the other an ax as they make their way through the Costco store, where they allegedly smashed a jewelry display case, grabbed a few pieces and then fled.
According to the Detroit Free Press, the suspects’ vehicle, a Nissan Sentra, was later spotted by police but the driver took off after officers attempted to pull the car over, leading police on a wild chase through suburban backyards.
The car eventually hit a tree and both men attempted to flee on foot but were captured by police.
RELATED CONTENT: Smash-and-Grab Robbers Targeting Michigan JewelersJewelers’ Security Alliance President John J. Kennedy said it is unknown at this point if the two men arrested and charged in the Costco jewelry theft are part of a loosely affiliated smash-and-grab gang targeting Midwest jewelry stores or if they were acting as individuals.
He also noted that it is a “little unusual” for suspects to target the jewelry section of a Costco, as the smash-and-grab gangs they have seen lately tend to go for specialty jewelers over big-box or department stores.
The Latest

The reimagined jewel, our Piece of the Week, trades the diamonds in the original 1998 design for blue, pink, yellow, and green sapphires.

Sponsored by American Gem Trade Association

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

In the United States, second-quarter sales were flat amid soft consumer sentiment and lower in-store traffic.


The 22-karat gold egg, sold at Batemans Auctioneers in the U.K., was part of a 1980s treasure hunt ad campaign for Cadbury Creme Eggs.

Lucara Diamond Corp., which recovered the “Motswedi” diamond from the Karowe mine, sold the stone for an undisclosed amount.

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

The expanded collections now feature hand-cut gemstones like topaz, tanzanite, chrysoprase, chalcedony, smoky quartz, and fire opal.

The lab-grown diamond jewelry brand’s newest boutique is in Westfield Valley Fair in Santa Clara, California.

The gemstone supplier and manufacturer acquired the remarkable 104-gram Zambian emerald at Gemfields’ auction in May.

Finsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.

Michel Patrick DeSalles was sentenced after pleading guilty to the 2017 murder of Omid Gholian, who owned a jewelry store in Manhattan.

Longtime industry executive Beth Miller has taken on the role.

The brooch was owned by Virginia Fortune Ryan Ogilvy, who served as a lady of the bedchamber to Queen Elizabeth II for nearly 50 years.

Jamie Cygielman will take on the role on Aug. 24.

Moore, Polly’s husband, is remembered as a family man with an easygoing spirit and a love for sports and the outdoors.

Duvall O’Steen and Jen Cullen Williams share the best ways to display, present, and explain colored gemstones to younger customers.

The mid-year conference for jewelry and watch appraisers will take place Sept. 5-6 on Zoom.

Honest Hands Ring Co. Founder Benjamin Bosworth shared his thoughts on jewelry technology and why AI can never replace the human element.

QVC Group President and CEO David Rawlinson is temporarily being replaced by a familiar face, former QVC CEO Mike George.

The brand also added two one-of-a-kind brown diamond pieces to the “Sanssouci” series of its “Gardens” collection.

Ostbye took home top vendor honors at the Independent Jewelers Organization’s show, held last month in Kentucky.

Sponsored by Stratus Estate Buyers

Cloud, who will officially join Blue Nile on Monday, spent 26 years at Tiffany & Co. and founded jewelry brand Roseate.

Garcia will take over from the company’s current CFO, Anders Boyer, who is retiring at the end of November.

Etsy CEO Kruti Patel Goyal explained why the company is letting go more than 200 employees as its performance improves.




















