Rising revenue does not automatically mean a healthy business, particularly in the current economic landscape, Smith writes.
Carlos Gandia, Founder of Greenwich Jewelers, Dies at 76
He started as a bench jeweler at the age of 17 and was “never happier than when he was creating a piece of jewelry.”

New York--Carlos Gandia, who owned and operated Greenwich Jewelers alongside his wife for 32 years, died Monday. He was 76.
Born Sept. 3 1941, Gandia started in the business at the age of 17 as a jeweler’s apprentice, then model-maker and bench jeweler before opening his own booth in an exchange in New York’s Diamond District.
One day in 1976, he came home to his wife Milly with an ad that read, “Jewelry Store for Sale.” The couple saw their opportunity and opened Greenwich Jewelers, named for its location on Greenwich Street in Lower Manhattan.
The couple built their business with Carlos on the bench and Milly behind the counter, operating per the central tenet passed on to them by the man who sold them the store and acted as a mentor: Treat everyone who comes in as you would a guest in your home.
Gandia, who was known to everyone as Carl, loved being on the bench making jewelry and his clients, whom he considered to be friends.
During the Sept. 11 terrorist attacks, the building housing the store sustained structural damage, and Carlos and Milly, along with daughters Jennifer and Christina, were forced to move to nearby Trinity Place.
“One of the greatest joys of our lives is when we all worked together in the store as a family,” Jennifer Gandia and Christina Gandia Gambale wrote in a tribute to their father posted on the store’s Facebook page Thursday. “We came together in the wake of 9/11 to do all we could to keep the business alive. And together we thrived.”
In 2008, Carlos and Milly retired, leaving the business to their daughters, who recently renamed it Greenwich St. Jewelers as a nod to its original location.
“Carl was a dreamer who had the audacity to believe a Puerto Rican from the humblest of beginnings could become a businessman, serve his community and make a better life for his family,” Jennifer and Christina wrote.
“He instilled in us the values of honesty, hard work, service and of having fun while doing it all. We are forever grateful for his example, his love and the gift of this business where we can carry on a legacy of jewelry, the most precious marker of memories and moments in time.”
Viewings took place at McLaughlin Funeral Home in Brooklyn on Thursday. Services were set for Friday
In lieu of flowers, donations may be made to Gandia’s favorite charity, Operation Smile.
The Latest

These long, fluid drop earrings are sure to catch the eye.

Alberto Perez-Elias is one of four men charged with robbing a Cape Coral, Florida, jewelry store and is the only one still at large.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

Initiatives in Art and Culture is hosting its 16th annual Gold and Diamond Conference, with the theme of “Resilience.”


The designer, who once said she’d never sell lab-grown diamonds, debuted two capsule collections designed to be fun and easy to wear.

The diamond miner and marketer is undergoing another round of cost-cutting measures ahead of its sale by Anglo American.

DCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.

The annual trade-only buying event is slated for Oct. 16-19 in Miami Beach, Florida.

AGTA also has announced the lineup of judges for the colored gemstone cutting and jewelry design contest’s various categories.

Collectibles platform Arena Club’s new Time Boxes could contain a Rolex or Patek Philippe watch.

The “Constellation Plié” collar, our Piece of the Week, features diamonds arranged in a constellation of shining stars.

Shaun Wills joined the company in 2024 and was chief financial officer of the De Beers Brands and Consumer Markets division.

In honor of its 20th anniversary, the jewelry brand has released a limited-edition collection of Swiss-made timepieces.

“Human Being” highlights the similarities and differences between us through five sets of jewelry that celebrate fine craftsmanship.

Richemont will continue to provide operational services for the watch brand for a period while the group prepares to integrate it.

Nate Borgelt will lead the digital auction house and content platform’s new division as head of watches.

Enoch Platero, founder and designer behind Enoch Michael, is the first Native American jeweler to win the award.

AGS also announced the recipient of its “Women in Leadership” scholarship.

The founder of the billion-dollar jewelry and lifestyle brand will debut as a full-time “Shark” on the upcoming season of the show.

Plus, why retailers should be ready to adjust as the U.S. population may decline this year for the first time since the Great Depression.

René Lalique’s “Woman Dragonfly With Open Wings” pendant, the first piece the museum acquired, was one of the jewels taken.

Arien Gessner and Moss Makhoulian have been elevated into newly created roles.

A podcast prompted Smith to share his views on where origin fits into the natural diamond story and the viability of branded diamonds.

The association selected eight recipients for the funding program, which is in its second year.

Whether celebrating America’s 250th birthday or the USA’s World Cup run, July birthstone jewelry can double as a patriotic accessory.

Around 20 pieces of jewelry were stolen from the museum dedicated to French jeweler and glassmaker René Lalique.
























