Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.
2 Men Plead Guilty in Murder of Texas Jeweler
The men, one of whom is the late Theodore Shaughnessy’s son, both received 35-year prison sentences.
Nicolas Patrick Shaughnessy, 22, entered a guilty plea to a capital murder charge, according to an April 7 announcement from the Travis County District Attorney’s office.
Theodore (Ted) and Corey Shaughnessy, the longtime owners of Gallerie Jewelers, were awoken early on the morning of March 2, 2018 by the sound of their dogs barking.
Ted grabbed his handgun and got up to investigate. Less than a minute later, Corey heard gunfire so she also armed herself and got out of bed.
She and the intruder exchanged gunfire until she ran out of ammunition, at which time she hid in the closet and called 911, remaining there until police came.
When deputies arrived, they discovered Ted’s body with multiple gunshot wounds. He was pronounced dead on the scene.
The Shaughnessys’ son, Nicolas, and his now ex-wife, Jaclyn Alexa Edison, were both arrested in June 2018 and charged with capital murder in a murder-for-hire plot.
According to the arrest affidavit, Nicolas was the sole beneficiary of a $2 million life insurance policy payout in the event of his parents’ death.
Along with Nicolas, 23-year-old Arieon Smith, who was arrested for his role in the plot in late 2018, also pleaded guilty to murder and was sentenced to 35 years in prison.
The Travis County District Attorney’s office statement about the pleas said Corey Shaughnessy asked for leniency after the two men pleaded guilty, but the D.A.’s office “determined the sentence to be appropriate.”
Members of the extended family, meanwhile, have spoken out about the plea deal being too generous, according to local news reports.
Edison’s charges are still pending, as is the case involving another suspect connected to Ted’s murder, Johnny Roman Leon III, who was arrested in July 2018, according to the D.A.’s office.
The Latest

Mohr had just retired in June after more than two decades as Couture’s retailer liaison.

Shekhar Shah of Real Gems Inc. will serve as president of the Indian Diamond & Colorstone Association in 2026.

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

This year’s good luck charm features the mythical horse Pegasus, and is our first Piece of the Week of the new year.


Articles about crime, engagement rings, and a necklace worn in the World Series generated the most interest among readers.

As part of the leadership transition, Sherry Smith will take on the role of vice president of coaching strategy and development.

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

It marks the third time the country has headed the Kimberley Process. Ghana will serve as vice chair.

The new Bulova x Stetson designs highlight two animals often associated with the American West—the bison and the Texas Longhorn.

Its residency at Yamron Jewelers will run through May 2026.

From influential executives to innovative designers, we pay tribute to the people we said goodbye to this year.

The retailer is expanding into areas with large Indian and South Asian populations.

The Italian brand has opened its first flagship amid the peaks of the Dolomites in Madonna di Campiglio, Italy.

The new curation at the Natural History Museum of Los Angeles County showcases rare gem and mineral specimens in their uncut, natural state.

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.

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.

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.

Helzberg’s Chief Retail Officer Mitch Maggart shared details about its tests of a new store concept rooted in an elevated luxury experience.

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.

The National Jeweler editors revisit the most noteworthy industry happenings and design trends from 2025.



















