The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.
WatchBox Hires 3 Executives to Lead New Swiss Division
Patrik Hoffmann, Herbert Gautschi and Susanne Hurni all have at least three decades of experience in the watch industry.

Philadelphia--WatchBox has established a Swiss division, naming three executives to lead it.
Danny Govberg, CEO of Govberg Jewelers, launched the platform with Liam Wee Tay and Justin Reis in 2017. It is an e-commerce platform for the buying, selling, and trading of pre-owned luxury timepieces, and provides watch education, collection exploration and more.
Now, the company is expanding into Switzerland to complement the buying, selling and trading operations in the United States and Hong Kong and bringing in three watch industry veterans to help do it.
Patrik Hoffmann has been named executive vice president of the company’s Swiss division, Herbert Gautschi is vice president of business operations and Susanne Hurni is the division’s vice president of marketing.
Hoffman joins the company with more than three decades in the watch industry and experience in the Americas, Asia and other major markets for the luxury watch industry.
He most recently served as CEO of Ulysse Nardin, which included him overseeing the acquisition by the Kering Group in 2014 and the transition, and also held roles at Oris SA and watch distribution company Swiss Prestige Ltd.
“Patrik brings considerable strength, knowledge and perspective of the watch industry to WatchBox,” Govberg said. “He worked alongside, collaborated with and learned from one of the more creative watch entrepreneurs of our time, Rolf Schnyder, and he experienced the transition from a family business to a true global powerhouse. This experience is unmatched in our industry, enriching WatchBox’s mission to drive change in the pre-owned category.”
Hurni joins WatchBox Switzerland after having served as the head of marketing and communications for Ulysse Nardin for nearly 34 years, starting at the brand in 1984 and remaining there until the end of 2017.
Gautschi also has more than three decades experience in the watch industry.
He was instrumental in developing the Gucci Timepiece division in its formative years, served as CEO of a multi-client private watch manufacturer, founded NHC with master watchmaker Vincent Calabrese and initiated the acquisition of Vincent Bérard SA by the Timex Group.
Gautschi also supported the re-launch of niche brand Julien Coudray 1518 in 2011 before he founded his own company to design luxury consumer goods experiences worldwide.
The Latest

The industry veteran is bringing his 56-year run in the fine jewelry sector to an end.

The panel discussion will feature LGBTQ+ leaders across the jewelry, luxury, and creative industries.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

Inspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.


The company has promoted Katherine Whitacre to the role.

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.

The platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.

Jim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.

When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.

The “Tunnel” charm, our Piece of the Week, celebrates Pride Month with its design inspired by hope and the light at the end of the tunnel.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

Up for auction at Sotheby’s, the collection of Tempelsman’s personal effects includes a Cartier Tank watch Jackie O. gifted him.

The Miami-based fine jewelry brand will host its first summer residency in the Colorado mountain town from June 5 to Aug. 23.

The organization also announced its international board of directors for the 2026-2027 term.

Saks Global confirmed the closure this week, spelling the end for a store that’s been part of downtown Dallas for more than 100 years.

Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.

The Gemological Institute of America is now a 30 percent stakeholder in Tracr, the De Beers-backed blockchain for diamonds.

The actress and entrepreneur stars in the jeweler’s new campaign that celebrates life’s quiet moments.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

The jewelry retailer is zeroing in on Zales, Jared, Kay Jewelers, and Blue Nile as it looks to create unique brand identities for each.

Dr. Akinwumi Adesina, a development economist, will head the fund created to help Botswana diversify its economy.

A private collection of five Paraíba tourmalines also will be up for sale at Sotheby’s High Jewelry auction in New York, scheduled for June 16.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.























