London-based investment firm Pemberton Asset Management acquired the auction house for an undisclosed amount.
Sales tax fairness resurfaces in Senate
After being passed by the Senate in 2013 but stumbling in the House, a bill designed to force online-only retailers to collect sales tax in every state is back.
Washington--After being passed by the Senate in 2013 but stumbling in the House, a bill designed to force online-only retailers to collect sales tax in every state is back.
On Tuesday, U.S. Sen. Mike Enzi (R-Wyo.), Sen. Dick Durbin (D-Ill.), Sen. Lamar Alexander (R-Tenn.) and Sen. Heidi Heitkamp (D-N.D.) introduced the Marketplace Fairness Act of 2015, a bill virtually identical to the previous version of the bill the U.S. Senate passed in 2013. That bill ultimately ended up dying in committee in the U.S. House of Representatives.
The act would allow all states to require the collection of sales tax already owed under state law by out-of-state businesses (meaning businesses without a physical presence in that state), instead of relying on consumers to remit those taxes to the state.
Sales tax fairness is a huge issue for small business owners, especially jewelers. The lack of sales tax on all online purchases forces brick-and-mortar retailers to deal with showrooming, people who come into their store and get information about a product only to later buy it online where, in the case of fine jewelry, they save hundreds or thousands of dollars by not paying sales tax.
Jewelers of America President David Bonaparte said in a news release that the legislation “keeps momentum on this critical issue alive.”
Susan Posnock, JA’s director of public affairs and education, told National Jeweler Thursday that the House is working on a sales tax fairness bill as well and while Congress might not reach an agreement on the issue this year, she expects a bill to get through in the next two years.
“We see it as a positive regardless of whether this is ultimately the bill that passes,” Posnock said of the introduction of the latest sales tax fairness legislation. “We see it as a positive in terms of keeping (the issue) front and center.”
Retailers that would like to speak out about sales tax fairness can do so through JA’s Legislative Advocacy Center.
The Latest

The workshop will give attendees the chance to try out and ask questions about three different diamond verification instruments.

The footage shows two of the jewelry heist suspects descending from the second floor of the museum and then escaping via scooter.

As the holiday season quickly approaches, consider stocking one category that sometimes gets overlooked: earrings.

Founder and designer Rosanna Fiedler looked to a vintage Cartier clutch when designing the sunlight-inspired drop earrings.


The luxury conglomerates faced a challenging Q3 amid geopolitical and economic tensions.

The struggling diamond mining company, which owns the historic Cullinan mine, has launched a rights issue to raise about $25 million.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

The book details the journey of watches as symbols of hard-earned success in hip-hop for artists like 2Pac, Jay-Z, and more.

Alexis Vourvoulis, who most recently worked at Tiffany & Co., brings more than two decades of jewelry experience to her new role.

The superstar’s August engagement put the stamp of approval on an already hot engagement ring trend.

Retailers should offer classic styles with a twist that are a perfect fit for layered looks, experts say.

The nearly 7-carat fancy vivid purplish pink diamond could sell for around $9 million.

The retailer’s new collection of engagement rings and fashion jewelry is set with natural diamonds that are traceable via blockchain.

Chief Artistic Officer Nathalie Verdeille has reimagined the iconic design in both figurative and abstract creations.

Five dollars buys one vote toward an industry professional you want to see dressed up as a hero, or a villain, this Halloween.

Recently acquired by KIL Promotions, the November edition of the public show in San Mateo, California, will be held Nov. 7-9.

The stone’s two zones, one pink and one colorless, may have formed at two different times, the lab said.

Hollywood glamour meets Milanese sophistication in the design of Pomellato’s new store in Beverly Hills, California.

The New York City store showcases a chandelier with 1,500 carats of lab-grown diamonds designed by an FIT student.

The Museum of Arts and Design's new exhibition features 75 pieces by the designer, best known for her work in the “Black Panther” films.

Making its auction debut, "The Glowing Rose" is expected to fetch $20 million at the November jewelry sale in Geneva.

They were attacked on Oct. 15, as approximately 40 miners without licenses marched on the mine’s gate.

It took the masked thieves less than 10 minutes to steal eight irreplaceable jewels from two display cases in the museum’s Apollo Gallery.

Gemologist Lauren Gayda has previously worked at The Clear Cut, Taylor & Hart, and Effy Jewelry.

In 2026, the jewelry retailer will celebrate a milestone only a small percentage of family-owned businesses survive to see.

The new showcase dedicated to Italian jewelry design is set for Oct. 29-30.



















