Raised in an orphanage, Bailey was 18 when she met her husband, Clyde. They opened their North Carolina jewelry store in 1948.
‘Invaluable’ Royal Jewels Stolen from Museum in Germany
Snatched from Dresden’s Green Vault, the pieces dated back to the 18th century.

Berlin—Police say a manhunt is underway in Germany after thieves made off with royal jewelry from the Green Vault Museum in Dresden, a centuries-old museum that houses thousands of jewels.
The thieves reportedly broke open a glass case containing three sets of Baroque-style jewelry that date to the 18th century, as per an AP report.
Security guards notified police of the heist around 5 a.m. after spotting two individuals entering the museum on video surveillance cameras.
WATCH: Video Surveillance of the Break-In
Marion Ackermann, Dresden’s State Art Collections director, told reporters it is standard security procedure at the museum to call the police in the event of a break-in rather than intervene.
Although officers arrived on the scene within minutes, the thieves already had sped off in a getaway car, Dresden Police Chief Joerg Kubiessa told reporters during a press conference.
An official noted that although police closed exits on the nearby motorway, it would be easy to get from the museum to the highway within minutes, as per a CNN report.
Investigators are looking into a nearby electrical fire, which disabled the streetlights at the time of the robbery as well as the lights in front of the window the thieves entered, Volker Lange of the Dresden Police Department said to reporters.
An unregistered Audi A6 was found set on fire nearby in an underground parking lot, which police confirmed matched the description of the getaway car.
SEE: The Jewelry Stolen from the Green Vault
As for the jewelry, art collection director Ackermann could not put a price on the value of the items.
“We cannot give a value because it is impossible to sell,” she told reporters. “The material value doesn’t reflect the historic meaning.”
Ackermann added that she hoped the pieces would be kept intact and stay a set.
Dirk Syndram, the Green Vault director, echoed a similar sentiment and noted the “invaluable” cultural worth of the pieces, particularly because of the sets’ completeness.
“Nowhere in any other collection in Europe have jewels or sets of jewels been preserved in this form and quantity,” he said to reporters. “The value is really in the ensemble.”
Roland Wöller, the state’s interior minister, described the theft as “a bitter day for the cultural heritage of Saxony.” He vowed to secure the return of the jewelry and capture the thieves with the help of a special team of investigators.
The investigation has been dubbed Operation Epaulette.
Michael Kretschmer, governor of
“One can’t understand the history of Saxony without the Green Vault.”
The Green Vault is one of the world’s oldest museums, created in 1723 by Augustus the Strong of Saxony, who wanted to establish Dresden as an arts hub.
His treasury, on display in Dresden’s Royal Palace, includes 4,000 jewels, objets d’art, and other historically significant items.
Its most famous treasure is the Dresden Green Diamond, a 41-carat green diamond, which is currently on loan to the Metropolitan Museum of Art in New York for an exhibit.
The museum’s website noted it was closed Monday for “organizational reasons.”
The Latest

Smith encourages salespeople to ask customers questions that elicit the release of oxytocin, the brain’s “feel-good” chemical.

Material Good is celebrating its 10th anniversary as it opens its new store in the Back Bay neighborhood of Boston.

Launched in 2023, the program will help the passing of knowledge between generations and alleviate the shortage of bench jewelers.

The show will be held March 26-30 at the Miami Beach Convention Center.


The estate of the model, philanthropist, and ex-wife of Johnny Carson has signed statement jewels up for sale at John Moran Auctioneers.

Are arm bands poised to make a comeback? Has red-carpet jewelry become boring? Find out on the second episode of the “My Next Question” podcast.

Criminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.

It will lead distribution in North America for Graziella Braccialini's new gold pieces, which it said are 50 percent lighter.

The organization is seeking a new executive director to lead it into its next phase of strategic growth and industry influence.

The nonprofit will present a live, two-hour introductory course on building confidence when selling colored gemstones.

Western wear continues to trend in the Year of the Fire Horse and along with it, horse and horseshoe motifs in jewelry.
![A peridot [left] and sapphires from Tanzania from Anza Gems, a wholesaler that partners with artisanal mining communities in East Africa Anza gems](https://uploads.nationaljeweler.com/uploads/cdd3962e9427ff45f69b31e06baf830d.jpg)
Although the market is robust, tariffs and precious metal prices are impacting the industry, Stuart Robertson and Brecken Branstrator said.

Rossman, who advised GIA for more than 50 years, is remembered for his passion and dedication to the field of gemology.

Butterfield Jewelers in Albuquerque, New Mexico, is preparing to close as members of the Butterfield family head into retirement.

Paul Morelli’s “Rosebud” necklace, our Piece of the Week, uses 18-karat rose, green, and white gold to turn the symbol of love into jewelry.

The nonprofit has welcomed four new grantees for 2026.

Parent company Saks Global is also closing nearly all Saks Off 5th locations, a Neiman Marcus store, and 14 personal styling suites.

It is believed the 24-karat heart-shaped enameled pendant was made for an event marking the betrothal of Princess Mary in 1518.

The AGTA Spectrum and Cutting Edge “Buyer’s Choice” award winners were announced at the Spectrum Awards Gala last week.

The “Kering Generation Award x Jewelry” returns for its second year with “Second Chance, First Choice” as its theme.

Sourced by For Future Reference Vintage, the yellow gold ring has a round center stone surrounded by step-cut sapphires.

The clothing and accessories chain announced last month it would be closing all of its stores.

The “Zales x Sweethearts” collection features three mystery heart charms engraved with classic sayings seen on the Valentine’s Day candies.

The event will include panel discussions, hands-on demonstrations of new digital manufacturing tools, and a jewelry design contest.

Registration is now open for The Jewelry Symposium, set to take place in Detroit from May 16-19.

Namibia has formally signed the Luanda Accord, while two key industry organizations pledged to join the Natural Diamond Council.




















