The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.
A Jewelry Store That Opened in 1832 Is Closing
Cornwell Jewelers is located in Athens, a small town in southeast Ohio that’s home to Ohio University.

She and her sister would “go uptown”—local vernacular for visiting the town’s main drag, Court Street—to shop and catch a matinee before popping into her grandfather’s store with a slice.
Cornwell said she never really considered jewelry as a career, staying local to go to college—she earned a bachelor’s and a master’s from Ohio University, the heartbeat of this small southeast Ohio town—and majoring in education.
But when she completed her master’s in 1994, there came a request: Her mom, Connie Cornwell, asked her to put in a few months at the jewelry store that her family still owned but, at that time, employed no family members.
Cornwell initially said no but eventually relented.
“Probably, I’m a people-pleaser,” she allows. “They asked me and it’s hard to say ‘no’ to your parents when they’ve done so much for you.”
She started working at Cornwell Jewelers in August 1994, learning under the longtime manager until October, when that longtime manager suddenly quit and “really left me kind of holding the bag,” Cornwell said.
She wasn’t going to walk out on a business that, at that point in time, had been in her family for 150-plus years. So she stayed, eventually earning her registered jeweler (RJ) certification from the American Gem Society and attending more than a half-dozen Conclave events in order to learn about the business.
She called the knowledge gained at those annual events a “pivotal part” of her career, a career that was supposed to last about six months but has spanned 25 years.
John Cornwell opened Cornwell Jewelers in 1832, one year after he arrived in Athens to go to college. (Ohio University was founded in 1804 and is the oldest college in Ohio.)
It celebrates its 187th birthday this year and bills itself as the country’s second-oldest family-owned jewelry store.
Kris Cornwell represents the sixth generation involved in the operation of the store, and moved it from South Court Street to its current location, 77 N. Court St., in 2002. The building, she said, dates to the early 1900s and originally was a Pure Oil gas station.
Cornwell was adamant about keeping the store on Court Street, which is lined with college book stores, restaurants and more than its fair share of bars, but chose to move it to a freestanding building that included a parking lot.
Seventeen years later, she knows she needs to move again to survive but just doesn’t want to start all over again, for what she described as a “perfect storm” of reasons.
There is competition from online sellers, which, Cornwell says, has her working harder than ever to stay on top of things and has cut into the business the store does with OU’s 23,000 undergrads.
There also has been a shift in the brick-and-mortar makeup of Court Street.
She knows she would have to move her store off Court Street, where it has been since its founding, to continue but just can’t picture the store anywhere else.
Secondly, three of the five daughters she and her husband have combined are getting ready to leave Athens, which made her reconsider her future, particularly in terms of time and stress.
She also suffered two personal losses last summer that took a toll.
In August, longtime employee Eric Coon, who retired from the store a couple years ago, died suddenly of a heart attack. The following day, she lost her brother-in-law to cancer.
“I love my store but I’ve come to a crossroads and have had to make a really hard decision. I still get upset when customers are sad—it makes me sad,” Cornwell said, her voice breaking. “But I know it’s right and I know I don’t have it in me to move and open another location.
“I don’t want to start again.”
The going-out-of-business sale at Cornwell Jewelers began in late April with postcards mailed to VIP customers to let them know the store would be shutting down.
Cornwell said it will continue through mid-summer or until all the merchandise is sold.
The Latest

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.


Sponsored by A Diamond Is Forever

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

Members of the U.S. Marshals Task Force took a 22-year-old man into custody. He was charged with tampering with evidence.

While the overall number of crimes was down, there were more incidences in which robbers pulled out guns, mace, or rammed cars into stores.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

The owners of Staats Jewelers are heading into retirement.

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.

She wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.

Two pieces were named “Best in Show,” one from the retail category and one from the supplier category.

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.

Led by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.

In his new role, sales specialist Billy Welshoff will focus on the eastern United States.
























