PGI USA Debuts Platinum Business Development Grant
It will award up to $500,000 total in a three-year program to one or more industry recipients.
PGI USA announced Tuesday it will award up to $500,000 total in a three-year program ($150,000 max during years one and two) to selected manufacturers, designers or retailers who submit a qualifying proposal.
The money may be awarded to one company or multiple companies, depending on submissions.
Applicants must be U.S.-based or U.S.-focused and have a knowledge of designing and/or manufacturing in platinum as well as a “willingness to make a long-term commitment to designing, manufacturing and/or selling platinum products,” PGI said.
The project will aim to make platinum an important focus in their business.
PGI said it knows, from research conducted by 360 Market Reach late last year, consumers are increasingly placing value on symbolic items. This is a trend that carries across generations, increasing the sales potential of consumer segments ranging from Gen Z to Baby Boomers for industry companies.
“Prior to the pandemic, the platinum jewelry sector of the industry had grown consistently for the past seven years, increasing more than 60 percent since 2013,” said PGI USA Vice President Kevin Reilly.
“To continue this trajectory, we believe this newly established program will allow for continued growth, taking platinum jewelry sales to never-before-seen levels.”
For more information, to see the full list of requirements, or to apply for the Platinum Business Development Grant, visit PlatinumLearning.com.
Applications are due April 30. PGI USA expects to announce recipient(s) in May.
The Latest

Anglo plans to merge with Teck Resources Ltd. to form Anglo Teck. The deal changes nothing about its plans to offload De Beers.

The 9.51-carat fancy vivid blue diamond, which set two world auction records at Sotheby’s in 2014, is estimated to fetch up to $30 million.

The industry veteran joins the auction house as it looks to solidify its footprint in the jewelry market.

With their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.

The nonprofit awarded four students pursuing a professional career in jewelry making and design with $2,250 each.


The Texas-based jeweler has also undergone a brand refresh, debuting a new website and logo.

The two organizations have finalized and signed the affiliation agreement announced in May.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

The single-owner sale will headline Sotheby's inaugural jewelry auction at the Breuer building, its new global headquarters, this December.

Smith recalls a bit of wisdom the industry leader, who died last week, shared at a diamond conference years ago.

The “Victoria” necklace features a labradorite hugged by diamond accents in 18-karat yellow gold.

Two lower courts have moved to block the import taxes, which will remain in place as the legal battle continues.

The Kansas City Chiefs quarterback shares Hublot’s dedication to pursuing greatness, the Swiss watchmaker said.

The Type IIa stone, recovered from Botswana’s Karowe diamond mine last month, features unique coloration.

Breitling is now the NFL’s official timepiece partner, a move that puts the brand in front of the millions of Americans who watch football.

U.S.-based investment company SMG Capital LLC is the new owner of the luxury brand.

A new court filing details the locations of the stores that will close, as well as the 830 that will remain open.

The new catalogs are “Tools, Equipment, & Metals” and “Findings & Metals.”

Sapphire’s variety of colors make it the perfect birthstone for September.

The retailer has raised its guidance after seeing total sales increase 3 percent in the second quarter, beating expectations.

Niccolò Rossi di Montelera, executive chairman of the board, was appointed as interim CEO.

The three-floor space also features the jeweler’s largest VIP salon in Japan and offers an exclusive diamond pendant.

The collection is a collaboration between Stephanie Gottlieb Fine Jewelry and Oak and Luna, focusing on understated essentials.

The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.

CEO Efraim Grinberg noted a resurgence in the fashion watch market.

The “Bullseye” necklace, with vintage bakelite and peridot, August’s birthstone, is the perfect transitional piece as summer turns to fall.