The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.
In Latest Acquisition, Quality Gold Buys De-ani
The California-based manufacturer is known for its gold and sterling silver pendants.
Fairfield, Ohio—Quality Gold has acquired De-ani, a California-based manufacturer best known for its gold and sterling silver pendants, for an undisclosed amount.
It is the latest in a series of acquisitions for Quality Gold as the company “continues to accelerate our growth potential and product offerings,” CEO Michael Langhammer said in a company statement.
All operations, including the invoicing and shipping of De-ani merchandise, has been moved to Quality Gold’s facility in Fairfield, Ohio.
Quality Gold plans to publish a charm and pendant catalog, which will include the De-ani Collection, in May.
New De-ani styles will gradually become available online at QGold.com and in Quality Gold’s printed catalogs throughout the next year, the company said.
De-ani founders Richard and Robin Elmassian said they plan to assist Quality Gold as part of the transition team.
“Richard and Robin are involved in the transition. Once that is finished, they then will be primarily working with our design staff on product development to grow our charm line,” a Quality Gold spokesperson said in an email to National Jeweler.
The acquisition is part of a long-term strategic plan to strengthen the company’s vertical positioning, said Quality Gold Chief Operating Officer Jason Langhammer.
The company has been amassing quite the empire over the last few years, making acquisitions across the United States and overseas.
Its list of acquisitions includes gold jewelry supplier Leslie’s, California-based supplier Star Ring Inc. and its Romance Ring division, giftware and jewelry company Luxury Giftware by Jere LLC, and Chicago-based supplier North American Jewelers Inc. as well as its wholly-owned subsidiary Steckbeck Jewelry PVT LTD in Mumbai.
As the ink dries on another acquisition, Jewelers Board of Trade President Richard Weisenfeld’s recent statement that the industry will continue to shrink in the coming years seems on target.
JBT tracks the number of jewelry businesses leaving the industry, divvying the “business discontinuances” into three categories: businesses that closed, consolidated via a sale or merger, or filed for bankruptcy.
The number of consolidations in North America rose 4 percent year-over-year in 2018 to 157 among retailers, wholesalers, and manufacturers, compared with 151 consolidations in 2017.
The Latest

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.

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

Sponsored by Clientbook


It will classify lab-grown stones into one of two categories, “premium” or “standard,” in lieu of giving specific color and clarity grades.

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

The jeweler teamed up with two local organizations for its inaugural “Back to School and Bling” event.

The singer’s new bling, reportedly a natural old mine-cut diamond, is no paper ring.

Dubbed the “Imboo,” or “buffalo,” emerald, the rough gemstone is part of Gemfields’ latest emerald auction, which is taking place now.

Plans for dining out, booking vacations, and buying big-ticket items were down.

The “Play” collection centers on nostalgic toys that have kinetic elements to carry playfulness and wonder into adulthood.

Designer Christina Puchi, the creative force behind CCWW Designs, has created charms and pendants based on iconic candies and crackers.

The Jonas Brothers star showed off new timepieces against the backdrop of his favorite spots in his home state of New Jersey.

The family-owned jeweler in Fayetteville, North Carolina, is in the hands of the second generation.

In his latest column, Emmanuel Raheb shares tips for encouraging customers to treat themselves to new jewelry.

The new stand-alone Rolex boutique is housed in the former Odd Fellows Hall, a landmark built in 1897.

The Brilliant Earth ambassador co-designed a diamond medallion featuring meaningful symbols.

Wrap jewelry is more than just a trend; it’s the perfect motif for the coming season of layering, scarves, and pumpkin spice.

The three-day watch collector show, coming this October, will feature 44 exhibiting brands, as well as a new dinner experience.

Sriram “Ram” Natarajan is now GIA’s senior vice president of laboratory operations and is based out of the lab’s headquarters in Carlsbad.

The one-of-a-kind collar represents the beauty of imperfection and the strength to rebuild.

The retailer, which recently filed Chapter 11, inked a deal to sell its North American business and intellectual property.

Target CEO Brian Cornell will step down in February and be replaced by the company’s chief operating officer, Michael Fiddelke.

The group met with the president's senior trade advisor earlier this week to express the industry’s concerns about the effects of tariffs.

The pop-up will display this year's Tiffany & Co. Singles Championship trophies along with a diamond-encrusted tennis racket and ball.