The jewelry retailer announced changes to its store network and brand portfolio during its fourth-quarter earnings call.
AGTA Raising Funds for Sri Lanka Flood Victims
After soliciting donations during the Las Vegas GemFair, the organization will be able to give at least $20,000 to the community in Ratnapura.
Dallas--After torrential rains displaced hundreds of thousands of people in Sri Lanka, the American Gem Trade Association has been raising money to help the people of one community there.
Widespread flooding and mudslides brought on by the rains devastated much of the country in late May. According to the latest update from the country’s state-run Disaster Management Center, the flooding has displaced more than 700,000 people and the most recent death toll was 212, with another 79 people reported missing.
The center said that it was the worst flooding the south Asian island nation has seen since 2003.
Ratnapura was one of the locations hit hardest by the floods and also is an important center for the colored gemstone sector.
For this reason, the AGTA established the Ratnapura Relief Fund.
It began getting the word out about the fund to its members and attendees at the recent GemFair event during JCK Las Vegas, including through its Instagram Story, which AGTA CEO Doug Hucker said garnered a lot of attention.
Its board of directors is providing $5,000 to the fund, as well as an additional $5,000 in a pledge challenge to match any additional donations.
At the show alone, the AGTA said it received $10,000 in donations, meaning that they will be able to give at least $20,000 at this point to the people in Ratnapura.
“Ratnapura is very important in our trade,” Hucker said. “It’s not surprising we got the response we got.”
He said the board will decide this week which relief agency it will work with in Sri Lanka and exactly where the funds will go.
In the meantime, the AGTA is still accepting donations. To give money to the Ratnapura Relief Fund, contact the AGTA at info@agta.org or 800-972-1162.
The Latest

From a weaker labor market to inflation, NRF Chief Economist Mark Mathews gave insight on what retailers can expect this year.

The historic stone, which sold at Elmwood’s in London, is the largest white diamond to be offered on the U.K. market in more than a decade.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Three-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach in Las Vegas on May 31.


The model and fashion editor’s gold evening bags were the top lots at the London sale, going for more than $25,000 each.

Fresh off winning the David Yurman Gem Awards Grant, Nelson discusses the ring that launched his career and his plans for the future.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

“The Basics of Jewelry” has been updated to include modern topics and visuals.

Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.

The Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.

The organizational change follows Kering’s promise of a transformation after declining sales in 2025.

Natalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.

Béatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.

The store features the first in-store build for the jeweler’s in-house “Bella Ponte” bridal brand.

The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.

Our Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.

The 24-piece watch collection is set to debut in spring 2027.

Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.

The reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.

McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.

Nelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.

The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.

The 10,000-square-foot diamond manufacturing facility officially opened in late February and employs 50 people.

The MJSA Education Foundation’s scholarships support students pursuing jewelry careers.

The largest white diamond to come to market in the U.K. in more than a decade, the VVS1, I-color stone is expected to top $1 million.

Skelly shares her plans for reimagining the fine jewelry retailer she re-acquired after it faltered last year.
























