IndependentsApr 28, 2021
After 72 Years, This Philly-Area Institution Is Closing IndependentsMay 06, 2021
Harris Jewelry Closes All Locations
The jeweler will continue to operate online and via phone.
Harris Jewelry closed its remaining locations last month as the COVID-19 pandemic weighed on sales. (Image courtesy of Harris Jewelry’s Facebook page)
Hauppauge, N.Y.—Harris Jewelry has shuttered all of its stores in the wake of the COVID-19 pandemic, shifting its business online.
The New York-based chain, which caters to members of the military and their families, closed all 18 locations as of last month, according to a weekly alert from the Jewelers Board of Trade.
The retailer closed six locations earlier in the year, recently followed by the 12 remaining stores in Colorado, Florida, Georgia, Illinois, New York, North Carolina, Tennessee, Texas and Virginia.
“On or about April 11, Harris made the difficult decision to close all of our remaining retail locations,” the company said in a statement to National Jeweler. “Our stores were hit particularly hard by the pandemic, resulting in a steep decline in sales.”
The jeweler, founded in 1955 by U.S. Marine and World War II veteran Jerome L. Harris, will continue to operate online and via phone.
“For over 65 years, Harris has been providing military personnel and their families memorable gift- giving experiences, convenient payment options, and exceptional customer service. That remains our mission to this day,” said the company.
The closures follow a string of legal battles, including an ongoing complaint from the New York State Attorney General’s office.
Related stories will be right here …
The New York-based chain, which caters to members of the military and their families, closed all 18 locations as of last month, according to a weekly alert from the Jewelers Board of Trade.
The retailer closed six locations earlier in the year, recently followed by the 12 remaining stores in Colorado, Florida, Georgia, Illinois, New York, North Carolina, Tennessee, Texas and Virginia.
“On or about April 11, Harris made the difficult decision to close all of our remaining retail locations,” the company said in a statement to National Jeweler. “Our stores were hit particularly hard by the pandemic, resulting in a steep decline in sales.”
The jeweler, founded in 1955 by U.S. Marine and World War II veteran Jerome L. Harris, will continue to operate online and via phone.
“For over 65 years, Harris has been providing military personnel and their families memorable gift- giving experiences, convenient payment options, and exceptional customer service. That remains our mission to this day,” said the company.
The closures follow a string of legal battles, including an ongoing complaint from the New York State Attorney General’s office.
An October 2018 lawsuit filed by the state attorney general alleged the retailer marked up its jewelry between 600 and 1,000 percent and misled service members so they would sign financing agreements with high interest rates.
About 90 to 95 percent of all transactions at Harris Jewelry were financed through its “proprietary” financing, as per court documents. The service was provided under the name Consumer Adjustment Corp. USA, which was an “alter ego” of Harris Jewelry rather than an outside company, a fact that was “never clearly disclosed to the consumer.”
In response, Harris called the lawsuit “broadly inaccurate, baseless, and overreaching” and said it “operates in full compliance with the laws that regulate its industry.”
Though six of the eight counts against Harris Jewelry were tossed out in April 2019, one was reinstated on appeal. That count alleged the jeweler “operated a ‘credit services business’ in a manner that violated general business law.”
The company settled another lawsuit in June 2020 with the Tennessee Attorney General’s Office that also accused the jeweler of misleading credit practices.
A court filing stated that the jeweler misled service members into “believing that their products are an easy way to build and restore credit” and that the jeweler “profited significantly as a result of these misrepresentations.”
The terms of the settlement included $800,000 in debt relief and refunds to its customers.
Harris Jewelry neither admitted to or denied the allegations in the Tennessee suit, but said it hoped the settlement would put an end to the matter.
More on Independents
The Latest
EditorsDec 23, 2024
My Favorite Piece of the Week Jewels of 2024Associate Editor Natalie Francisco chose her 12 favorite Piece of the Week picks from the year gone by.
GradingDec 23, 2024
GIA Adds Filler Identification to Emerald ReportsLab clients have the option to request this addition on their emerald reports.
Events & AwardsDec 20, 2024
Two Participants Complete Inaugural Ella Klein InternshipJamie Dunton and Gabriella Botelho are the first graduates of the program, created by the WJA Foundation and Julius Klein Diamonds.
Brought to you by
A Diamond Is Forever Celebrates "Forever Present" Holiday CampaignA Diamond is Forever hosted a holiday celebration in honor of their new marketing campaign, ‘Forever Present.’
CollectionsDec 20, 2024
Piece of the Week: Retrouvaí’s Ring for CharityIn the spirit of giving, Retrouvaí will donate $4,000 from the sale of this ring to the Los Angeles Regional Food Bank.
Weekly QuizDec 19, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsDec 19, 2024
State Property Transforms Spain’s Generalife Gardens into JewelryAlong with the latest “Gardens” collection, the brand has released limited-edition designs offering more indulgent pieces.
CrimeDec 19, 2024
Alleged Jewelry Thieves Attempt Rowboat EscapeThe man and woman are accused of stealing jewelry from a shipping container then trying to flee by paddling a small boat out into a bay.
Brought to you by
De Beers Group Launches Holiday Campaign for Natural Diamonds‘Forever Present’ campaign revives the iconic A Diamond is Forever tagline and celebrates the diamond dream.
SourcingDec 19, 2024
The Second-Largest Diamond Ever Found Now Has a Name The 2,488-carat diamond recovered from a mine in Botswana has been dubbed “Motswedi” while its 1,094-carat sibling is “Seriti.”
SourcingDec 19, 2024
Gemfields Reports Record Ruby Auction Results Despite Challenges at SourceThe average price per carat hit a record high for the miner, which said it remains unaffected by the conflict in Mozambique.
AuctionsDec 18, 2024
Alexandrite Ring Sells for Record-Setting $1.9M at Sotheby’sThe nearly 17-carat stone made history for the color-change gem that, according to the auction house, is experiencing a “notable surge” in the market.
WatchesDec 18, 2024
Historic Titanic Pocket Watch Winds Its Way Back to Tiffany & Co. More than a century after survivors gifted a Tiffany timepiece to the captain of the ship that rescued them, the jeweler has reclaimed it.
TechnologyDec 18, 2024
Picchiotti Utilizes AI in ‘Spotlight’ Video CampaignThe videos highlight how pieces from the “Xpandable” and “Reversible Xpandable” collections put the wearer in the spotlight.
IndependentsDec 18, 2024
Industry Veteran Steve Feldman Set to RetireFeldman reflected on 45 years in the jewelry industry and clarified that it’s not a total retirement.
Events & AwardsDec 17, 2024
Chanel to Receive Gem Award for High Jewelry ExcellenceThe luxury brand is being honored for excellence in high jewelry design in its “Haute Joaillerie Sport” collection.
SourcingDec 17, 2024
Frank Circelli, Founder of Gem Shopping Network, Dies at 75Circelli was a pioneer in the world of TV shopping who is remembered for his passion for gemstones and his big personality.
AuctionsDec 17, 2024
Blue Diamond Fetches $8.8M at Christie’sThe nearly 6-carat stone headlined the recent jewelry auction, which also featured Mica Ertegun’s jewelry.
CrimeDec 17, 2024
‘Black Bin Crew’ Robbers Get 14-16 Years in Prison The three men, who got their nickname because they’d toss the jewelry they stole into black plastic bins, were arrested back in August.
TrendsDec 16, 2024
Marion Fasel’s New Book Delves Into the History of Engagement Rings“The History of Diamond Engagement Rings: A True Romance” is a 128-page small-format book containing more than 165 images.
WatchesDec 16, 2024
Take a Look Inside the New Rolex Boutique on Rodeo DriveGearys opened a 6,200-square-foot Rolex store with a design that pays homage to the brand’s connection to the ocean.
GradingDec 16, 2024
GCAL By Sarine Expands 8X to 2 More Fancy Shapes The diamond cut grade is now available for marquise- and pear-shaped diamonds.
SourcingDec 16, 2024
Diamonds Do Good Announces 2025 Award RecipientsDDG said the honorees’ business practices embody a commitment to positive social impact, industry innovation, and community empowerment.
TrendsDec 13, 2024
Selena Gomez Said ‘Forever Begins Now’ to Marquise Diamond Engagement RingEstimates on the size and value of the solitaire diamond, which is mounted on a diamond pavé-set yellow gold band, vary.
TrendsDec 13, 2024
Piece of the Week: Martin Katz’s Tanzanite Drops These half-moon tanzanite earrings totaling 25 carats are part of a special trunk show taking place this weekend in Dallas.
Recorded WebinarsDec 13, 2024
Watch: The Highs and Lows of 2024The National Jeweler editors recap the top news, the best jewels, and their favorite stories of the year.
AuctionsDec 12, 2024
Tom Brady’s Watches Top $4M at Sotheby’s AuctionThe highest-grossing lot of the sale was the retired QB’s Rolex Paul Newman Daytona “John Player Special.”
SourcingDec 12, 2024
Grizzly Emerald Auction Garners $22.4MRecent expansion initiatives at the Zambian emerald mine have shown strong production numbers, said Grizzly founder Abdoulaye Ndiaye.
