Onyx Partners has submitted a second offer to buy the department stores after its first offer fell through last year.
What Is ‘Salmon Gold,’ and Why Is Tiffany Using It?
The jeweler joins Apple in adopting a new initiative that combines re-mining with fish habitat restoration.

Announced this week by non-governmental organization Resolve, the initiative is called “Salmon Gold” and is being adopted by another pretty well-known company—Apple.
It is, the organization said, an innovative approach to mining gold that will also restore habitats in Alaska, Canada’s Yukon Territory and British Columbia, all regions with “globally significant” habitat for salmon and other anadromous fish species (those spend most of their lives in saltwater but return to freshwater to spawn).
The project targets areas affected by tailings—residue from old placer gold mining sites—left in the streams or on the banks, which can prevent fish like salmon and grayling from migrating and spawning.
The re-mining of the tailings happens first, according to Resolve President Stephen D’Esposito, with restoration in mind as the trees, soil and rocks are kept nearby.
Intensive restoration happens after re-mining is complete, including reclamation (stabilizing the stream with rocks) and restoration (improving the habitat by adding more pools to support spawning, making sure it has the right vegetation, and more).
D’Esposito said Resolve creates a restoration plan for each stream, or section of stream, noting that restoration can take more than one mining season to complete.
Salmon Gold’s first phase focused on part of Jack Wade Creek, a tributary of the Fortymile River in Alaska.
There, Resolve partnered with Dean Race and his two sons, Chris and Dakota, placer miners and restoration entrepreneurs, as well as government agencies to test restoration methods, process recovered gold and establish a chain of custody for the first batch of Salmon Gold going from mine to manufacturers.
Gold from the project is now in Tiffany’s supply chain. A company spokesperson told National Jeweler the gold will enter the retailer’s larger supply of raw gold, though there is no specific collection or marketing push planned by them for Salmon Gold.
Anisa Kamadoli Costa, chief sustainability officer at Tiffany, said in a press release: “At Tiffany & Co., we are committed to safeguarding critical ecosystems, including in majestic Alaska and its precious salmon habitats, a place that we have long advocated for. Salmon Gold proves that responsible mining practices and restoration of important ecosystems in Alaska, the Yukon, and British Columbia can go hand in hand.”
Tiffany has a long history protecting salmon and speaking out about environmental issues in general.
The retailer was among those that led the charge to get jewelers to vow to boycott gold from the never-developed Pebble mine in Alaska back in 2009. Its efforts included screening the documentary “Red Gold,” which detailed tensions between native fisherman in Bristol Bay and mine officials, for editors in New York City.
And in May 2017, the retailer took out an ad in The New York Times urging President Donald Trump to keep the United States in the Paris Climate Agreement, which he did not.
RELATED CONTENT: Tiffany Is Now Telling Consumers the Origin of Its Diamonds
Resolve is considering more sites throughout Alaska, the Yukon and British Columbia.
The NGO will continue to support stream restoration pilots—going from three to 15 sites over the next two years—and then scale up to target restoration at a “watershed level.”
D’Esposito said that with 10 to 15 sites, the organization should be able to show that the model can scale and become self-sustaining.
The Latest

Solomon Brothers Jewelers has partnered with local cocktail bar Roaring Social on a new martini garnished with a tennis necklace.

Benjamin Siegel, son of President and CEO Hank Siegel, started working for the family business this week.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

The new space features a modern design that blends Bulgari’s Roman heritage with San Diego’s coastal spirit.


Four men were charged in connection with the break-in and accused of stealing $365,000 in cash, jewelry, and designer goods.

André Branch has more than 25 years of experience with various brands, most recently serving as CEO of Ariana Grande’s cosmetics company.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

New York-based atelier Gemlok is best known for creating the innovative “bridge” setting that became popular in the bridal market.

Santana Now's debut collection, “Unidad,” features symbolic motifs as well as pieces of wood from the Woodstock stage.

The 50-year-old man pleaded guilty earlier this year to robbing two jewelry stores and a pawn shop of more than $700,000 in merchandise.

The watch’s dial features an original design by Marvel comics illustrator Adam Kubert.

The new collection of lab-grown diamond and colored gemstone jewelry provides a “fresh perspective” on the category, Chatham said.

While some August babies are team peridot, the month's time-honored birthstone, others are team spinel, the newer alternative.

Edina Kiss’ “Popsicle” pendant and Karina Choudhrie’s “Ice Cream” charm satisfy that summer craving for a sweet piece of jewelry.

The massive billboard has been in the same spot on the department store’s Herald Square flagship store for decades.

The miner’s ruby and emerald auctions brought in a combined $102.9 million.

The goal is for the De Beers sale to be finished by the second half of 2026, with the subsequent approvals process expected to take a year.

Survey respondents were concerned about the rising prices of food and groceries as well as unemployment.

The trade show, slated for Sept. 4-8 in Vicenza, Italy, will feature sessions on trends, AI, gemology, and manufacturing.

The public shopping event featuring art, jewelry, watches, and rare collectibles, will take place in Santa Clara, California, this fall.

Endiama Commercial Director Elton Escrivão knows people have a lot of misperceptions about Angola. He wants to change that.

Reilly has been with PGI USA for the last 20 years, leading partnership development and professional education.

Boucheron reached record sales while Pomellato found success in its signature collections.

She was one of more than 120 American designers who created flags for the “United Flags of Fashion” project led by CFDA and Vogue.

Smith reveals the method The Retail Smiths use to help retailers and vendors write better job postings.

LVMH’s jewelry and watch brands outperformed the company’s other divisions in an environment the company described as “disrupted.”
























