In a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.
Macy’s Brings Chow Tai Fook to Queens, New York
It’s the first branded shop-in-shop for the Chinese jewelry mega-retailer.

New York--The Flushing neighborhood of Queens, New York, known as the “Chinese Manhattan,” is now home to the first branded shop-in-shop for Chinese retailer Chow Tai Fook.
The shop-in-shop opened at Macy’s Flushing location. An opening ceremony was held on Nov. 12.
“The launch of Chow Tai Fook at Macy’s Flushing is a terrific example of tapping into new business opportunities to differentiate our product assortments and engage the local consumers with unique in-store experience,” said Macy’s Executive Vice President for Business Development, Marc Mastronardi.
According to Macy’s, the shop-in-shop is approximately 500 square feet. It will carry a selection of 24-karat gold jewelry, gem-set jewelry, gold products and platinum jewelry.
“We are extremely delighted to open this new shop as it highlights the first-ever presence of a Chow Tai Fook branded shop in the U.S.,” commented Chow Tai Fook’s Managing Director, Kent Wong. “Macy’s excellent retail expertise and extensive network provide us with a desirable platform to distribute our jewelry collections in the U.S. market, and provide the customers with diversified products in superlative craftsmanship.”
Macy’s Flushing store is located at 136-50 Roosevelt Ave. The company said that Flushing is the fourth-largest commercial district in New York City.
Chow Tai Fook is listed on the Hong Kong stock exchange. The company’s website lists over 2,300 retail locations across mainland China, Hong Kong, Macau and Taiwan.
The company’s partnership with Macy’s is its first foray outside of Asia.
The Latest

The “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.

The jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

This is what the nine recipients plan to do with the funds.


The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.

Sponsored by A Diamond Is Forever

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

Members of the U.S. Marshals Task Force took a 22-year-old man into custody. He was charged with tampering with evidence.

While the overall number of crimes was down, there were more incidences in which robbers pulled out guns, mace, or rammed cars into stores.

Jack Sutton Fine Jewelry is closing its store inside the downtown shopping center after 40 years in business.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

The owners of Staats Jewelers are heading into retirement.

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

























