Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.
Rolex Unveils Its 2020 Watches
There are four updates to the Oyster Perpetual collection.

New York—Without its typical Baselworld fanfare, Rolex has revealed its new timepieces for 2020.
Each is part of the Oyster Perpetual collection, and they are the first watches to be released this year by the coveted brand, which had to shut down its manufacturing facilities earlier this year due to the coronavirus pandemic.
The Oyster Perpetual Submariner and Oyster Perpetual Submariner Date boast a case redesign, sized slightly larger than their predecessors at 41 mm.
The Oyster Perpetual Submariner is outfitted with a caliber 3230 movement, launched this year.
The Oyster Perpetual Submariner Date, meanwhile, has a caliber 3235 movement with time and date functions, used in the Submariner range for the first time.
They’re priced at $8,100.
Updates to the Oyster Perpetual Datejust 31 feature plenty of colorful options.
There are versions with mint green, white lacquer and dark gray dials, all with fluted bezels. One has an aubergine-colored dial with diamond-set bezel (pictured here as well as above).
Each is outfitted with the caliber 2236 movement.
The new Oyster Perpetual Datejust 31 retails for $16,050.
The Oyster Perpetual series has gained a new addition—the Oyster Perpetual 41. It comes with a silver or black dial and retails for $5,900.
New dials also are available for the Oyster Perpetual 36.
Both the Oyster Perpetual 41 and 36 feature the new caliber 3230 movement like the Oyster Perpetual Submariner.
Finally, for the first time the Oyster Perpetual Sky-Dweller is available on an Oysterflex bracelet, a style Rolex calls an “innovative” elastomer bracelet, with the Oysterclasp and Rolex Glidelock extension for the utmost comfort.
It is featured in 18-karat gold with a black dial and has a caliber 9001 movement.
It sells for $40,000.
Normally, Rolex unveils its new watches in early spring at the Baselworld watch and jewelry trade show in Switzerland.
But that show, like almost all others, didn’t happen that year because of COVID-19 and Rolex won’t be back in Basel next year, either.
Rolex, along with its sister brand Tudor, Patek Philippe, Chanel and Chopard announced in April they are cutting ties with Baselworld to start a new show that will take place in Geneva to be held in conjunction with Watches & Wonders there.
Baselworld, meanwhile, is now known as HourUniverse and
The Latest

Mohr had just retired in June after more than two decades as Couture’s retailer liaison.

Shekhar Shah of Real Gems Inc. will serve as president of the Indian Diamond & Colorstone Association in 2026.

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

Articles about crime, engagement rings, and a necklace worn in the World Series generated the most interest among readers.


As part of the leadership transition, Sherry Smith will take on the role of vice president of coaching strategy and development.

It marks the third time the country has headed the Kimberley Process. Ghana will serve as vice chair.

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

The new Bulova x Stetson designs highlight two animals often associated with the American West—the bison and the Texas Longhorn.

From influential executives to innovative designers, we pay tribute to the people we said goodbye to this year.

The retailer is expanding into areas with large Indian and South Asian populations.

The Italian brand has opened its first flagship amid the peaks of the Dolomites in Madonna di Campiglio, Italy.

The new curation at the Natural History Museum of Los Angeles County showcases rare gem and mineral specimens in their uncut, natural state.

The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.

Consumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.

In February 2026, the auction house will move its headquarters to the former Steinway Hall, a neoclassical landmark on Billionaires’ Row.

The new show will take place Jan. 23-25, 2026.

The former BHP Billiton leader and Gemfields chairman is remembered for his influential leadership throughout his 50-year mining career.

The LVMH-owned brand has partnered with the costume design union to revamp its award for 2026.

The luxury titan inked a deal to acquire an initial minority stake in the jewelry manufacturer with a pathway to full ownership by 2032.

The company’s curation of unsigned vintage and estate jewelry debuted at the Bloomingdale’s in Costa Mesa, California.

In the recent multi-shipment seizure, CBP also found counterfeit Audemars Piguet, Moncler, and Chrome Hearts items.

Helzberg’s Chief Retail Officer Mitch Maggart shared details about its tests of a new store concept rooted in an elevated luxury experience.

Jewelers of America execs and National Jeweler editors discuss tariffs, the sky-high gold price, and the engagement that broke the internet.

The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.

Laura Burdese, who joined the Italian luxury brand in 2022, will take on the role in July.

The National Jeweler editors revisit the most noteworthy industry happenings and design trends from 2025.




















