The Vault’s Katherine Jetter is accusing the retailer of using info she shared for a potential partnership to move into Nantucket.
Scott Kay Inc. names new president
Michael Benavente, the former managing director of Gucci watches and jewelry in the Americas, will take the helm at the brand.

New York--Michael Benavente, a longtime industry executive who has worked for brands including Gucci, Longines and Movado, has been named the new president of Scott Kay.
Benavente comes to Scott Kay after a short stint at the International Luxury Group (ILG) Americas, where he spent three months opening the ILG’s first subsidiary in the Americas. Headquartered in Paris and Switzerland, ILG is a jewelry, watch and accessories company whose brands include Christian Lacroix and Kenzo Time.
Prior to that, he served as the managing director of Gucci Group Watches & Jewelry for the Americas region for nearly 11 years, overseeing all aspects of the Italian brand’s watch and jewelry business in North and South America.
He launched Gucci jewelry at wholesale in the region and led the team to improve both quality of accounts and average sales per POS in the timepiece category.
Before joining Gucci, Benavente was president of Longines USA for eight years, during which time he headed the re-launch of the Swatch Group-owned brand in the U.S. He spent another eight years at Movado Group Inc. as a vice president, where he helped the company bring its ESQ division to market.
“Michael has proven success and a solid background in building strong luxury brands, expanding profitable distribution and assembling inter-disciplinary teams,” Jonathan Goldman, Frederick Goldman Inc. chairman and CEO, said in a news release. “His dedication to cultivating growth and trust at the retail level make him an ideal leader to evolve the Scott Kay brand.”
Manufacturer Frederick Goldman acquired the brand assets of Scott Kay in February.
The brand’s namesake, designer Scott Kay, died of a heart attack at the age of 57 in December.
Scott Kay’s former CEO David Minster was let go at the time of the acquisition. Frederick Goldman executive Adam Gurian had been heading the brand on an interim basis.
The Latest

Agents seized 2,193 pieces, a mix of counterfeit Cartier “Love” and “Juste Un Clou” bracelets, and Van Cleef & Arpels’ “Alhambra” design.

The designer brought her children’s book, “The Big Splash Circus,” to life through a collection of playful fine jewelry characters.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The trade association has chosen the recipients of the funding initiative it formed to foster the growth and sustainability of the industry.


The organization has also announced this year’s slate of judges.

Associate Editor Natalie Francisco shares 20 additional pieces that stood out to her at the Couture show.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

Lori Tucker started at Williams Jewelers when she was 18 years old.

The “Marvel | Citizen Zenshin” watch is crafted in Super Titanium and has subtle nods to all four “Fantastic Four” superheroes on the dial.

The “XO Tacori” collection was designed to blend luxury and accessible pricing.

Pritesh Patel, the lab’s chief operating officer, will take over as president and CEO of GIA.

National Jeweler and Jewelers of America discuss the standout jewelry trends and biggest news to emerge from the shows this year.

Signatories to the “Luanda Accord” committed to allocating 1 percent of annual diamond revenue to the Natural Diamond Council.

The winning designs captured the “Radiance” theme.

Nominations in the categories of Jewelry Design, Media Excellence, and Retail Innovation will be accepted through July 30.

The singer’s ring ticks off many bridal trends, with a thick band, half-bezel setting, and solitaire diamond.

The bracelet references vintage high jewelry and snake symbolism as a playful piece where a python’s head becomes a working belt buckle.

The heist happened in Lebec, California, in 2022 when a Brinks truck was transporting goods from one show in California to another.

The 10-carat fancy purple-pink diamond with potential links to Marie Antoinette headlined the white-glove jewelry auction this week.

The Starboard Cruises SVP discusses who is shopping for jewelry on ships, how much they’re spending, and why brands should get on board.

The historic signet ring exceeded its estimate at Noonans Mayfair’s jewelry auction this week.

To mark the milestone, the brand is introducing new non-bridal fine jewelry designs for the first time in two decades.

The gemstone is the third most valuable ruby to come out of the Montepuez mine, Gemfields said.

Founder and longtime CEO Ben Smithee will stay with the agency, transitioning into the role of founding partner and strategic advisor.

Associate Editor Natalie Francisco shares 20 of her favorite pieces from the jewelry collections that debuted at Couture.

If you want to attract good salespeople and generate a stream of “sleeping money” for your jewelry store, then you are going to have to pay.