The company plans to raise the prices of select watches to offset the impact of tariffs.
British Private Equity Firm Acquires Bonhams
The news follows speculation earlier this year that the auction house was looking for a buyer.

London—Bonhams announced Tuesday it has been acquired by British private equity group Epiris.
Financial terms of the deal were not disclosed.
Epiris Fund II, advised by Epiris LLP, purchased the auction house from private shareholders. A press release said this is the fund’s fourth investment.
Founded in 1793, Bonhams holds more than 250 sales a year at its flagship salerooms in London, New York, Los Angeles and Hong Kong.
CEO Matthew Girling and CFO Jonathan Fairhurst will continue to head the company.
Following the acquisition, Bruno Vinciguerra will join Bonhams as executive chairman. He served as COO at Sotheby’s for eight years and, prior to that, held senior roles at Bain, Dell and Disney.
The news follows speculation earlier this year that Bonhams was looking for a buyer, and in the press release announcing the news, shareholder and Chairman Robert Brooks said they “have always had the intention one day to pass on the business to a new owner who shares our long-term vision for Bonhams.”
The auction house sold more than 50,000 lots in 2017, generating more than £450 million ($576.8 million) in hammer sales.
Jewelry auctions play an integral role in Bonhams’ business, and the company claims to hold more dedicated jewelry sales internationally than any other auction house. Its jewelry division reportedly makes up about 43 percent of the annual market share of auction sales in Britain, according to a March 2017 profile of the auction house by The New York Times.
“We are delighted to have found a buyer that recognizes the potential offered by this business and its employees. Bonhams is one of the world’s oldest auctioneers, and one of the most ambitious,” Girling said.
“During the past 20 years, we have pursued a growth strategy that has turned the company into a truly global organization. The value of Bonhams rests with its people, their skills, their extraordinary expertise and their strong networks across the world. Epiris has a demonstrable and successful track record in investment in growing brands and we believe that together we can continue to expand the business whilst still offering the highest possible level of service wherever we operate.”
The Latest

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

Designed by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.

More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.


The pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.

Sponsored by Stuller

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

It was featured in the miner’s latest sale, which brought in $24.8 million.

GemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.

The 3,300-square foot location is the jeweler's largest store in North America.

Aging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.

The WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.

A longtime executive at RDI Diamonds, Rickard has served on the JBT board for the past five years.

The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.

Get a taste of the delicious candy-like gemstones in this Amanda’s Style File.

JSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.

From Lau’s “Love of a Kind” series, the engagement ring was inspired by the moon and holds a different meaning depending on how it is worn.

The lab has adjusted the scale it uses for nacre grading.

Sponsored by GCAL by Sarine

David Walton will serve three years’ probation after an incident in a hotel bar led to the death of West Virginia jeweler David Ettinger.

The retailer also provided an update on how the tariffs situation in the U.S. is affecting its business.

The family-owned jeweler in Great Falls, Virginia, will be celebrating its golden jubilee with a year’s worth of events.

The nonprofit elected five judges who will decide the winners of its design competition.

This year’s edition includes articles on the favorite tools of notable designers, evaluating when to outsource production, and more.

The jeweler’s high jewelry collection features extraordinary gemstones, like a 241.06-carat emerald and the world’s fourth-largest spinel.

In a special column for the State of the Majors, Edahn Golan breaks down what the top-performing fine jewelry sellers are doing right.