Diamond industry banking veteran Paul De Wachter will take on the role in January 2026.
Piece of the Week: A Spinel Ring from Oscar Heyman
Let’s start off August with a 7.27-carat example of the month’s new birthstone.

New York--August now has two birthstones: peridot and spinel, which was added to the official birthstone list last year by the American Gem Trade Association and Jewelers of America.
So to kick off August, we opted to feature the month’s newer birthstone in this installment of Piece of the Week.
This ring from Oscar Heyman features a 7.27-carat cushion-cut spinel flanked by 1.37 carats of half-moon diamonds, set in platinum on an 18-karat yellow gold band.
The suggested retail price is $130,000.
Oscar Heyman has been in business in New York City since 1912. The company recently received the “Made in NY” designation from the city’s Economic Development Corporation, and was the subject of a book from the Boston MFA this year, “Oscar Heyman: The Jewelers’ Jeweler.”
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