The “Eclipse” collection, the brand’s first high jewelry line, centers its alligator motif in diamond and spinel jewels.
Richline Buys Custom Jewelry Site Gemvara
The online retailer, which has what is probably the most coveted customization software in the jewelry industry, was acquired for an undisclosed sum.

New York--The Richline Group announced Wednesday that it has acquired Gemvara, the online-only retailer that’s built its business around custom jewelry, for an undisclosed sum.
The acquisition gives Richline Group control of what is probably the most coveted customization software in the jewelry industry.
“We believe there’s a much bigger digital presence required for the future in the jewelry business,” Richline Chief Marketing Officer Mark Hanna told National Jeweler on Wednesday. “We felt we could build the expertise over time, or we could find the expertise.
“We don’t find that there’s any better innovative online experience in the jewelry industry than what Gemvara’s platform provides for the consumers.”
He said Richline will integrate the Gemvara technology into websites such as those for Chrysalis, the bracelet brand it acquired last year, and Honora, both of which already sell direct to consumers online. This, however, remain a “small business” for Richline, he said, with their retail sales primarily being used to provide data to help retailers.
The manufacturer and marketer also will allow its retail customers to integrate Gemvara’s customization technology into their websites, beginning with a couple of jewelers later this year and then expanding in 2017.
“We felt we could build the expertise over time or we could find the expertise. We don’t find that there’s any better innovative online experience in the jewelry industry than what Gemvara’s platform provides for the consumers.”--Mark Hanna, The Richline GroupThe e-tailer also will continue to do what it has done since its founding in 2006: sell jewelry direct to consumers online.
Although Gemvara has experimented with pop-up shops in the past, Hanna said it is “not in their plans at all” for it to do so in the future.
Gemvara will maintain its offices in Boston and has retained most of its employees, though CEO Matt Nichols acknowledged in an interview with a Boston technology publication that there were some layoffs as a result of the acquisition.
The company’s top management, President and Chief Operating Officer Jon Blotner and Nichols, will remain with Gemvara as well. Hanna said Richline’s plans are to grow the Gemvara staff from here.
Nichols joined Gemvara in 2011 as chief financial officer after working on the corporate development team at Google and as a principal at Highland Capital Partners, which invested in Gemvara.
He was promoted to CEO in March 2015, succeeding
Blotner did not respond to request for comment on the acquisition Wednesday.
New York-based Richline Group is owned by Berkshire Hathaway Inc., the Warren Buffett-led conglomerate that also owns Ben Bridge Jeweler and Helzberg Diamonds.
The Latest

The GIA Jewelry Report helps retailers answer customer questions with independent, science-based information from GIA—all in one report.

From a Betta fish brooch to a “dragon’s trove” of zircon eggs, here are seven pieces that’ve stuck with Associate Editor Lauren McLemore.

With customization becoming more expected in engagement ring shopping, the Bridal Builder makes the process tangible.

Groundbreaking New Mexico Governor-elect Deb Haaland wore the earrings, our Piece of the Week, when she declared victory on Tuesday.


Sponsored by GCAL by Sarine

From shrinking budgets to AI elves, here are five takeaways from holiday reports by Bain, Adobe, Mastercard, NRF, and insights from YouGov.

A Diamond Is Forever's holiday campaign reimagines natural diamond icons for a new generation celebrating individuality.

The designers combined their talents for Little Pet Portraits, hand-painted miniatures of our best friends set in a piece of jewelry.

Its non-bridal fine jewelry remains the star of the show, recently launching new collections inspired by Elizabeth Taylor and Jane Goodall.

The lab will bring back its complimentary next-day service for some reports starting next week.

A Pennsylvania woman failed to declare a ring and a bracelet, discarding the boxes and receipts to conceal the purchases, officials said.

New collections and relevant marketing pushed the company forward, while Pandora’s lab-grown diamond sales continue to lag.

The citywide celebration, slated for Nov. 16-22, is set to host more than 175 events, including live jewelry-making demos.

Lanessa Elrod, former president and CEO of Louis Vuitton Americas, has stepped into the role as the retailer celebrates 125 years.

A replica of one of the most powerful objects in the Marvel Cinematic Universe, the glove is heading to auction next month in Abu Dhabi.

Klein, who had his own marketing agency and worked for Gabriel & Co. and Trans American Diamond, is remembered as a kind man.

To enter the giveaway, locals can purchase a featured beverage from one of eight participating restaurants in Houston and Austin, Texas.

The grant recipient will be awarded $50,000 as well as mentoring meetings with executives at David Yurman and other industry executives.

The winners include a non-NAJA member seeking training, a member beginning NAJA courses, and a member becoming a Certified Master Appraiser.

The rare jewel, which has links to Russia’s Romanov dynasty, is estimated to fetch up to $2 million.

It is one of several seizures of counterfeit jewelry and watches by U.S. Customs and Border Protection officials in Louisville this year.

Jewelers of America announced the additions to its board of directors following its annual general meeting, held last week.

The jewelry collection supports Yamaguchi’s Always Dream foundation, which provides reading and educational resources to families in need.

Spectrum’s “Best of Show” honors went to a 101-carat Paraiba carved to look like Medusa that has a magnet-activated LED light.

Our Halloween Pieces of the Week are four “Eye” pendants, each set with colorful gemstones.

Alexis Hoopes expanded eBay’s “Authenticity Guarantee” program during her tenure.





















