The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.
Shinola Introduces Colorful, Lower-Priced Line
The company also confirmed reports of layoffs that first surfaced in late July.

Detroit—Shinola just introduced a new collection aimed at younger generations of consumers, as it’s individualized, affordable and, in the vein of companies like Supreme with its “drops,” limited in quantity.
Introduced in late August, “Detrola” is a line of 43 mm unisex watches with silicone straps and resin cases described by the brand as being “lightweight” and “durable.” The watches are powered by the Argonite 705 movement.
There are seven models in the Detrola collection, all of which retail for $395 and are limited to 250.
Shinola started selling the Detrola on its website and in its stores Aug. 22. Neiman Marcus will start carrying the collection Sept. 25.
SEE: The 7 Watches in the Detrola Collection
The introduction of the Detrola collection followed news earlier this summer, first reported by Daily Detroit, of layoffs at the Motor City-based company, with the website reporting that it has had “inklings” of trouble at the company since the departure of CEO Jacques Panis in March 2018. (Panis became CEO of lab-grown diamond company New World Diamonds earlier this year.)
A Shinola spokeswoman confirmed the layoffs to National Jeweler last week.
She said the company, which employs “more than 500 people,” cut its workforce by “less than 5 percent,” meaning it eliminated about 20-25 jobs.
“As we remain committed to delivering the highest-quality products to customers, the company is taking the necessary steps to refocus its business strategy for future operations,” Shinola said in an official statement on the layoffs.
“Shinola is a small family. Our employees are this company’s foundation and the decision to restructure was not made without careful consideration. While difficult, this step is critical to enable and scale profitable growth. We are grateful to have been able to identify specific local employment opportunities outside of Shinola for each employee affected and will continue to support them in any way we can.”
The company also declined to renew leases on three stores between 2018-2019—in Minneapolis, Miami and New York’s SoHo neighborhood—but opened two new stores, in Edina, Minnesota and Shaker Heights, Ohio.
Shinola, which sells bicycles and leather goods in addition to watches, currently has 32 stores, including two international
The company is owned by Bedrock Manufacturing. Bedrock also owns Seattle-based Filson, which makes outdoor clothing, accessories and luggage.
The Latest

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

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

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

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.


Sponsored by A Diamond Is Forever

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

Members of the U.S. Marshals Task Force took a 22-year-old man into custody. He was charged with tampering with evidence.

While the overall number of crimes was down, there were more incidences in which robbers pulled out guns, mace, or rammed cars into stores.

Jack Sutton Fine Jewelry is closing its store inside the downtown shopping center after 40 years in business.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

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

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

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

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

The owners of Staats Jewelers are heading into retirement.

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.

She wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.

Two pieces were named “Best in Show,” one from the retail category and one from the supplier category.

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.























