Smith recalls a bit of wisdom the industry leader, who died last week, shared at a diamond conference years ago.
Belair Time Co-Founder Dies at 104
Ernest Grunwald started the company with his wife, Ilse, after fleeing Nazi Germany for the U.S. and serving in WWII.

Marlboro, N.J.—Ernest Grunwald, who started Belair Time Corp. in the 1960s after fleeing Nazi Germany and fighting for the United States in World War II, died Aug. 9.
He was 104.
Born March 28, 1914 in Bielefeld, Germany to Albert and Bertha Grünewald, he attended the University of Bonn but had to abandon his studies in 1933 when Adolf Hitler expelled all Jewish students from the school.
He relocated to Italy, studying Italian and, later, medicine at the University of Pisa before fleeing to Switzerland in 1938 and then immigrating to the U.S. in 1941.
In 1943, the U.S. Army Air Force drafted Grunwald and he fought in the Italian and North African campaigns during World War II.
After the war in 1946, he married Ilse Kalberman and joined her family’s small watch business, J. Kalberman Co.
His flair and language skills—he was fluent in German, Italian, French and English—served him well, and the business flourished. J. Kalberman Co. eventually became the distributor for Enicar and Cyma clocks and watches.
In 1962, Ernest and Ilse opened a watch movement assembly plant in the U.S. Virgin Islands called Belair Time Corp.
A little more than a decade later, the Grunwalds’ son Alan joined the family business, which eventually relocated to Lakewood, New Jersey, where it still is today.
Ernest Grunwald is remembered as having a passion for people and an infectious smile that could light up a room. He was loved by his employees, suppliers and customers alike.
He was preceded in death by his wife, Ilse; brother, Fred; and sister, Anneliese.
He is survived by his daughter and son-in-law, Elaine and Eric Moskowitz of Wooster, Ohio; son and daughter-in-law, Alan and Joan Grunwald of Morganville, New Jersey; and seven grandchildren, David, Rachel, Kara and Daniel Moskowitz, and Jason, Adrienne and Nolan Grunwald.
Donations can be made in Grunwald’s memory to the Wounded Warrior Project.
The Latest

The “Victoria” necklace features a labradorite hugged by diamond accents in 18-karat yellow gold.

Two lower courts have moved to block the import taxes, which will remain in place as the legal battle continues.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.


The Type IIa stone, recovered from Botswana’s Karowe diamond mine last month, features unique coloration.

From sunrise yoga to tariffs talks, these are some events to check out at the upcoming inaugural event.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

NYCJAOS is set for Nov. 21-23 in New York City’s Chelsea neighborhood.

U.S.-based investment company SMG Capital LLC is the new owner of the luxury brand.

A new court filing details the locations of the stores that will close, as well as the 830 that will remain open.

The new catalogs are “Tools, Equipment, & Metals” and “Findings & Metals.”

Sapphire’s variety of colors make it the perfect birthstone for September.

The retailer has raised its guidance after seeing total sales increase 3 percent in the second quarter, beating expectations.

Niccolò Rossi di Montelera, executive chairman of the board, was appointed as interim CEO.

The three-floor space also features the jeweler’s largest VIP salon in Japan and offers an exclusive diamond pendant.

The collection is a collaboration between Stephanie Gottlieb Fine Jewelry and Oak and Luna, focusing on understated essentials.

The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.

CEO Efraim Grinberg noted a resurgence in the fashion watch market.

The “Bullseye” necklace, with vintage bakelite and peridot, August’s birthstone, is the perfect transitional piece as summer turns to fall.

Sponsored by Clientbook

It will classify lab-grown stones into one of two categories, “premium” or “standard,” in lieu of giving specific color and clarity grades.

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

Former Free People buyer Afton Robertson-Kanne recently joined the retailer.

The jeweler teamed up with two local organizations for its inaugural “Back to School and Bling” event.

The singer’s new bling, reportedly a natural old mine-cut diamond, is no paper ring.

Dubbed the “Imboo,” or “buffalo,” emerald, the rough gemstone is part of Gemfields’ latest emerald auction, which is taking place now.