Anglo plans to merge with Teck Resources Ltd. to form Anglo Teck. The deal changes nothing about its plans to offload De Beers.
Appointments: Former Citizen CEO to head Circa
Pre-owned jewelry, diamond and watch buyer Circa has appointed Laurence Grunstein as its CEO, effective immediately.

New York--Pre-owned jewelry, diamond and watch buyer Circa has appointed Laurence Grunstein as its CEO, effective immediately.
He joins the company with more than 40 years in the jewelry and watch industry, including his most recent position as the president and CEO of Citizen Watch Company. He retired from Citizen in 2011.
Grunstein moves into a CEO position that has seen a fair amount of turnover over the past few years and has been vacant since January.
Circa co-founder and CEO Chris Del Gatto left the company in late 2012, taking an “indeterminate leave of absence.”
In February 2013, Del Gatto was replaced by former Zale President and CEO Mary Forte, who remained as acting CEO until she stepped down in January 2014, not long before the company acquired Portero.com, an online retailer of authenticated, previously owned luxury items including fine jewelry.
Circa was established in 2001 and buys pre-owned jewelry, loose diamonds and watches at its 14 offices worldwide, including New York, Hong Kong, Beverly Hills and Barcelona, Spain.
-----
Ronald Ristau, the former at CFO at Signet Jewelers Ltd., joined mattress retailer Sleepy’s as CFO in October.
Ristau stepped down from his position at Akron, Ohio-based Signet, which he had for more than four years, at the end of July in order to be closer to his family in New York. He was replaced by Signet’s senior vice president and controller Michele Santana.
-----
Terry Pasch has been appointed to the newly created role of president of sales at bridal and fashion jewelry brand Scott Kay. He will report directly to CEO David Minster.
Pasch has nearly two decades of experience in jewelry sales, including 10 years with Frederick Goldman and three years as the director of sales with Gabriel & Co.
The move is the latest in a number of hires for Scott Kay in its continued effort to bolster the brand’s growth in the United States and international markets and reach its goal of $500 million in sales, including the addition of more than five C-level executives in recent months.
In August, the brand hired three C-level executives from David Yurman to move into the chief merchandising officer, chief commercial officer and chief supply chain officer roles, all of which were newly created positions as well.
-----
Lee’s Manufacturing/Morvillo Precision Products Group in Providence, R.I. has appointed Kirby Kurkomelis
With more than 30 years of sales experience in the New York marketplace, he will responsible for the development and execution of sales and marketing plans in the region.
Kurkomelis most recently served as sales director for Midas Chain.
The Latest

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.

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

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


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.

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

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.

The Kansas City Chiefs quarterback shares Hublot’s dedication to pursuing greatness, the Swiss watchmaker said.

The Type IIa stone, recovered from Botswana’s Karowe diamond mine last month, features unique coloration.

Breitling is now the NFL’s official timepiece partner, a move that puts the brand in front of the millions of Americans who watch football.

NYCJAOS is set for Nov. 21-23 in New York City’s Chelsea neighborhood.

U.S.-based investment company SMG Capital LLC is the new owner of the luxury brand.

A new court filing details the locations of the stores that will close, as well as the 830 that will remain open.

The new catalogs are “Tools, Equipment, & Metals” and “Findings & Metals.”

Sapphire’s variety of colors make it the perfect birthstone for September.

The retailer has raised its guidance after seeing total sales increase 3 percent in the second quarter, beating expectations.

Niccolò Rossi di Montelera, executive chairman of the board, was appointed as interim CEO.

The three-floor space also features the jeweler’s largest VIP salon in Japan and offers an exclusive diamond pendant.

The collection is a collaboration between Stephanie Gottlieb Fine Jewelry and Oak and Luna, focusing on understated essentials.

The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.

CEO Efraim Grinberg noted a resurgence in the fashion watch market.

The “Bullseye” necklace, with vintage bakelite and peridot, August’s birthstone, is the perfect transitional piece as summer turns to fall.