Foundrae also accused the jewelry giant of copying its mood board style of marketing.
Post-purchase, layoffs occur at Scott Kay
Last week, Frederick Goldman Inc. began letting people go from the brand it acquired in February.
New York—Manufacturer Frederick Goldman Inc. confirmed Tuesday that it has laid off a number of employees of Scott Kay Inc., the brand it acquired in February following the untimely death of founder and designer Scott Kay late last year.
Frederick Goldman Chief Marketing Office Robin Ettinger said the plan from the start when they acquired Scott Kay was for Frederick Goldman to eventually assume all production and manufacturing for the brand and “what is taking place (right now) is just the steps in that direction.”
She said the layoffs happened at the end of last week, though neither she nor Chairman and CEO Jonathan Goldman would say how many people were let go or what roles they had. Ettinger also wouldn’t comment on whether or not there would be more layoffs at the company.
She said that the design, sales, merchandising and marketing of the Scott Kay brand would continue to function as a separate entity, though where they will work is not entirely clear.
A source close to the situation and a posting on LoopNet, an online commercial real estate listing site, indicate that Scott Kay’s Teaneck, N.J. headquarters are for sale, but Frederick Goldman would neither comment on it nor confirm if it plans to move all Scott Kay employees to its offices in New York. Ettinger did note, however, that Frederick Goldman does not own the Scott Kay facilities in Teaneck.
SK66, the brand’s 5,000-square-foot showroom and appointment-only store in Teaneck, was not acquired by Frederick Goldman.
As layoffs are occurring on the manufacturing side at Scott Kay, Frederick Goldman has added people in sales positions and Ettinger said they are looking to hire more people for both sales and marketing in the future.
Among those confirmed as remaining on board with Scott Kay are Chief Merchandising Officer Susan Chandler and Tiffany Kay, the daughter of the late designer who’s now selling the brand on QVC.
Scott Kay is currently being run by Adam Gurian, executive vice president of global sales and merchandising at Frederick Goldman, as former CEO David Minster was out at the time of the acquisition.
The Latest

Applications are open for the AGA Gemological Scholarship Program through May 15, and until June 2027 for the Gemological Research Grant.

These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Mejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.


The Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.

The initiative invites those in the industry to share stories on social media highlighting the meaning and impact of natural diamonds.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

Wolk’s first day on the job as CEO of Tracr, De Beers Group’s blockchain platform, will be May 1.

Moses, who will leave the lab in May after nearly 50 years, discusses his start in the business, gemstones that stand out, and what’s next.

The new catalog, which showcases 35 one-of-a-kind pieces of jewelry, is a compliment to the company’s popular holiday catalog.

Production has ceased at the Canadian diamond mine, which has yielded more than 150 million carats of rough diamonds in its 23-year run.

The store opening marks the 10th United States location for the India-based jewelry retailer.

Two Saks Fifth Avenue locations, one in Florida and one in California, and one Neiman Marcus store are off the chopping block.

West, who started in the art department at the Leading Jewelers Guild in 1979, is remembered for his patience, kindness, and dedication.

In the “Tesoro” version of the ring, our Piece of the Week, each side of the gold hexagonal nugget has a unique colored gemstone design.

Cohen discusses the evolution of Citizen’s light-powered technology, the brand’s cross-generational appeal, and tariffs.

“Essentially Human: On Sales and Salespeople" reveals the underlying human traits and behaviors of the most successful sales professionals.

The collection features symbols of love, luck, and light, based on the story of Queen Cassandane and Cyrus the Great of Persia.

It’s the third scholarship to be launched as part of the partnership to help appraisers advance their professional credentials.

The deadline for entries in the jewelry design competition has been extended to April 3.

After 28 years with JCK, the veteran industry journalist is launching his own publication on Substack called The Jewelry Wire.

Wiley said the project will give scientists worldwide access to the American Museum of Natural’s History renowned mineral collection.

The “Flower Puff” collection looks to beaded flower friendship bracelets from childhood, turning the silhouette into nostalgic fine jewelry.

Set for April 2, the webinar will discuss how the jewelry industry can address the workforce gap.

Bayer, founder of Lisa Bayer Designs, is remembered as “a bright light in every room.”

The highest-grossing lot was a Tiffany & Co. ring set with a flawless, emerald-cut diamond of 10 carats.




















