U.S.-based investment company SMG Capital LLC is the new owner of the luxury brand.
Beyoncé, Lorraine Schwartz Create GIA Scholarship
The superstar will hand-select two Black professionals to receive full tuition and paid expenses for its Graduate Gemologist program via distance education.

The Beyoncé Knowles-Carter x Lorraine Schwartz Scholarship will be awarded to two Black professionals, personally selected by the superstar.
The two scholarships award full tuition and paid expenses for GIA’s Graduate Gemologist program through distance education.
“It is an honor to have this scholarship in my name, but the best part is teaming up with my friend Lorraine Schwartz to give two people an opportunity to learn,” Beyoncé said in a press release about the scholarship.
“We both believe that learning is constant. This is a chance to learn from the best, create generational wealth and turn a love of gems into a career.”
Beyoncé and Schwartz bonded over a shared love of jewelry.
The two first worked together in 2003, when Schwartz designed the earrings Beyoncé wore on her first solo album cover, “Dangerously in Love.”
Beyoncé has played the role of client and muse throughout Schwartz’s career, with the latter creating much of her red carpet and editorial jewelry, sharing her diamond and gemstone knowledge along the way.
For Beyoncé’s last birthday, Schwartz gifted her a GIA scholarship, which was matched by GIA to fund a second scholarship.
“This scholarship is an homage to Beyoncé for the inspiration she’s given me throughout my career,” said Schwartz, who hails from two generations of diamond dealers.
“It’s about the love formed from relationships and knowing that at the end of the day, we are all the same. Now I have the opportunity to bring that inspiration full circle and show the community the endless possibilities that are in this industry, especially for Black professionals.”
Earlier this year, Lorraine Schwartz announced a partnership with the Natural Diamond Council to offer $1 million of financing to BIPOC designers. Recipients will also receive mentorship from a host of Schwartz's celebrity friends and clientele, including Beyoncé's mother, Tina Knowles.
Applications for the GIA scholarship will be accepted starting today at 9:00 a.m. PST to March 16 at 11:59 p.m. PST.
For more information or to apply, visit GIA’s website.
The Latest

A new court filing details the locations of the stores that will close, as well as the 830 that will remain open.

The new catalogs are “Tools, Equipment, & Metals 2026-2027” and “Findings & Metals 2026-2027.”

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

Sapphire’s variety of colors make it the perfect birthstone for September.


The retailer has raised its guidance after seeing total sales increase 3 percent in the second quarter, beating expectations.

Niccolò Rossi di Montelera, executive chairman of the board, was appointed as interim CEO.

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

The three-floor space also features the jeweler’s largest VIP salon in Japan and offers an exclusive diamond pendant.

The collection is a collaboration between Stephanie Gottlieb Fine Jewelry and Oak and Luna, focusing on understated essentials.

The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.

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.

Sponsored by Clientbook

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

Former Free People buyer Afton Robertson-Kanne recently joined the retailer.

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.