Set in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.
David’s Bridal Exits Bankruptcy, Revamps Offerings
The bridal store chain plans to offer dress options at lower price points and in a wider range of styles and sizes.
Conshohocken, Pa.—David’s Bridal has risen from the ashes like a bedazzled phoenix, emerging from Chapter 11 bankruptcy after staring down hundreds of millions of dollars in debt.
America’s largest wedding dress retailer, which was acquired in 2012 by private equity firm Clayton, Dubilier & Rich for around $1.05 billion, filed for bankruptcy in November as part of a deal with lenders to cut down hundreds of millions in debt.
This month, the company announced that the U.S. Bankruptcy Court in Delaware had approved its consensual restructuring plan and on Jan. 18, it emerged from bankruptcy, slashing debt by approximately $450 million.
The bankruptcy news initially left some brides-to-be panicked, fearing another Alfred Angelo situation. (The now-defunct bridal store filed for bankruptcy in July 2017, abruptly shuttering its locations and leaving many brides without a dress.)
However, David’s Bridal received $60 million from existing lenders and a recommitment of its existing $125 million revolving credit facility to keep its more than 300 doors open during the restructuring.
As of press time, a bright orange banner on the David’s Bridal website declaring “David’s is here to stay: our refinancing is complete!” takes visitors to a letter from CEO Scott Key.
In it, Key states: “Throughout this process, we fully delivered on our promise to our customers: Dresses arrived on time, stores remained open, and as a company we continued to deliver service worthy of five stars.”
Looking forward, the company said it is rolling out a number of perks to draw in more customers in the ever-changing niche bridal market.
It’s offering more options at lower price points and in a wider range of styles and sizes, with dresses now available in sizes 0 to 30. More of these dresses will be made available online as well.
The retailer also will offer a free online registry to customers after acquiring Seattle-based startup Blueprint Registry in August.
Additionally, stores will begin hosting events with wedding experts to assist in the planning process.
This month, the company also debuted new advertising to appeal to a wider variety of brides, including a television spot featuring a same-sex couple.
David’s Bridal is now owned by lenders including Oaktree Capital Group.
The Latest

Take luxury gifting to new heights this holiday season with the jeweler’s showstopping 12-carat sphene ring.

This year's theme is “Unveiling the Depths of the Ocean.”

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

In its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.


Starting Jan. 1, customers can request the service for opal, peridot, and demantoid garnet.

The 111-year-old retailer celebrated the opening of its new location in Salem, New Hampshire, which is its third store in the state.

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

The filmmaker’s personal F.P. Journe “FFC” prototype was the star of Phillips’ recent record-setting watch auction in New York.

The new location in the Design District pays homage to Miami’s Art Deco heritage and its connection to the ocean.

Inflations, tariffs, and politics—including the government shutdown—were among consumers’ top concerns last month.

“Longtime favorite” presenters, as well as first-time speakers, will lead talks and workshops at the annual event in Tucson next year.

Silas Smith of Meridian Metalworks won the challenge with his pendant that blends Australian and American landscapes.

The sale of the 31.68-carat, sunset-hued stone was part of Sotheby’s first series of events and auctions in Abu Dhabi.

Most customers who walk into your store this month have made up their minds. Your job is to validate their choice, Emmanuel Raheb writes.

The collection features characters and motifs from Ukrainian folklore, including an enchanted mirror and a magic egg.

MatrixGold 3.11, the newest version of the jewelry design program, offers more flexibility, precision, and creative control.

The pavilion will be part of the 2026 JA New York Spring show, scheduled for March 15 to 17.

Kadet, a 1994 National Jeweler Retailer Hall of Fame inductee, helped grow the family-owned retailer in the Chicago area and beyond.

Billed as the world’s smallest wearable, Lumia Health’s new smart earrings have a health tracker subtly embedded in the back.

Don’t let those with December birthdays feel blue. Help them celebrate their month with blue zircon, turquoise, and tanzanite.

The new pink sapphire version of the piece dances with its wearer in the brand’s “Icons After Dark” holiday campaign.

A choice that’s generated a lot of commentary, Pantone says “Cloud Dancer” marks a fresh start and encourages relaxation and creativity.

The manufacturer’s holiday campaign features a gift guide filled with trending designs and jewelry that can be personalized.

The man was charged with theft, accused of ingesting the necklace while in a jewelry store in Auckland, New Zealand.

The Florida independent expanded its store from 8,000 to 14,000 square feet, fulfilling the vision of its late co-founder, Jim Dunn.

Sponsored by De Beers Group




















