The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.
A Chatbot for Engagement Rings
Nobody would accuse the jewelry industry of being ahead of the curve when it comes to technology. But, now, it can hope to at least keep up in one area.

The jewelry industry is a lot of things--interesting, creative, mysterious, complicated, tight-knit, old-fashioned.
Nobody, however, would accuse it of being innovative or “ahead of the curve” when it comes to technology.
But now, with the help of two old friends, the industry can hope to at least keep up in one area--Chatbots.
A Chatbot is a program powered by either rules or artificial intelligence--which still has a ways to go but is advancing, allowing ‘bots to have conversations that are increasingly human-like--that allows people to have their questions answered or get information from the computer without having to interact with another human being (oh, the horror!).
People interact with Chatbots on major chat platforms, like Facebook Messenger and Kik, and they are in increasingly wide use among retailers including H&M, Nordstrom, Sephora and at the Mall of America this holiday season to help consumers build an outfit, get make-up tips, find gifts or navigate the mall.
Forbes contributor Rachel Arthur called Chatbots one of the top technology trends in retail for 2016, alongside virtual reality, and said that they are expected to “make significant inroads” in 2017.
“Everybody,” Arik Marmorstein told me during a recent telephone interview, “is getting into Chatbots today as we speak.”
This includes Marmorstein, who works in the tech industry in Israel, and a friend of his in the diamond industry whom he met while serving in the Israeli army.
Marmorstein and his partner, who asked that his name and company name be withheld for this article, have spent the last nine months working on a Chatbot called BlingChat, which recently launched on Facebook Messenger and is designed to help people use chat to find the perfect engagement ring.
Here’s how it works: You go on to the BlingChat Facebook page (you don’t have like the page to start having a conversation with the computer) and hit the “Send Message” button. The ‘bot will then personally greet you (meaning it will use your name) and give you the option to learn about engagement rings or discover different styles.
I clicked “Discover” and then selected “Trending,” which told the Chatbot that I wanted to see the rings that have gotten the most likes.
If I saw a ring I wanted, I could have clicked through to the website of the company that’s selling it and gone from there. The rings pop up based on number of likes, though Marmorstein said all things being
I didn’t like the ring it showed me, though, so I clicked a button and told the computer that I wanted to see more choices. If you were engaged and really interested in rings--and not perpetually single and terrible at dating like me--you could keep on clicking.
There’s also an option for consumers, designers, retailers and manufacturers to upload pictures of rings they’d like to be shared on BlingChat, though they won’t go up automatically. Marmorstein’s partner will work to verify the ring’s authenticity--that it belongs to the company or person who uploaded it, is accurately described, has a good picture and is available--before allowing it to go into circulation on the Chatbot.
Marmorstein said they are not looking to charge people for uploading ring pictures to the Chatbot. Instead, their business model is to make money by becoming an affiliate program of an online jewelry retailer like James Allen.
While the BlingChat Chatbot is now showing rings from companies like Blue Nile and Richline-owned Gemvara, Marmorstein said who they would really like to feature are independent designers, the ones who create the engagement rings with the unique appeal that younger consumers allegedly crave.
“Millennials today are looking for unique stuff, for vintage, for stuff you can’t find anywhere,” he said. “Our main goal is to cater to millennials.”
They also would like to eventually incorporate location data into the Chatbot, so it can show the users rings available from retailer’s master jewelers, estate jewelry stores and designers with boutiques in their immediate area.
Marmorstein also told me that BlingChat Chatbot does indeed use artificial intelligence, or AI, via a company called Wit.ai, which works with Facebook to track the ‘bot.
The Chatbot gets better at giving proper responses as it goes along and builds up a better memory bank, so to speak, of interactions; Marmorstein’s partner compared to the way a smartphone gives better auto-correct suggestions once it learns more about its user.
“(We are) always adopting and developing, as there is a long way to go there,” Marmorstein said of AI.
The Latest

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.

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

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.

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

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.

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.

Need a gift for the cat lover who has everything? Look no further than our latest Piece of the Week.

It purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.

The lab-grown diamond grower now offers custom engagement and fashion jewelry through its Kira Custom Lab Jewelry service.

Chandler got his start at Michelson Jewelers and has served as DCA president and CEO since 2001. He will retire at the end of the month.

The boutique is slated to open this week inside Terminal 8, offering pre-owned Rolex watches and more to international travelers.

Sponsored by Digital Monitoring Products

The special-edition egg pendant ingested in a New Zealand jewelry store was recovered after a six-day wait.

Associate Editor Natalie Francisco plays favorites with Piece of the Week, selecting a standout piece of jewelry from each month of 2025.

The “Love and Desire” campaign is inspired by the magic that follows when one’s heart leads the way, said the brand.

Two awardees will receive free tuition for an educational course at the Swiss lab, with flights and lodging included.

Berta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.

Sotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.

Winners will receive free registration and lodging for its fourth annual event in Detroit.




















