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Guild Consulting Announces Consumer Brand Launch & New Executive Hire, Heather Favali

She brings more than 25 years of extensive expertise in the field.




Heather Favali

Heather Favali

(PRESS RELEASE) NEW YORK — Louis Karten, founder and CEO of Guild Consulting LLC, announces the appointment of Heather Favali as Vice President of Business Development.

Founded in 1997, Guild Consulting specializes in strategic partnerships, acquisitions, asset sales and purchases, negotiating license agreements and management restructuring with major multinational jewelry and diamond companies. The hiring of Ms. Favali in September 2021 was prompted by the company’s recent expansion into the consumer market with the launch of two new brands: Diamond Guild and Guild585. Diamond Guild features gift-able 14K gold and diamond jewelry. Guild585 highlights semi-precious gold jewelry as well as gold jewelry designs that align with today’s trends.

Ms. Favali brings to Guild Consulting extensive expertise in the field, with more than 25 years in management and executive roles spanning numerous sectors of the diamond and fine jewelry industries.

“I feel extremely fortunate to have Heather join the team and welcome her extensive and exceptional knowledge of the consumer market. She is already making a major difference at Guild Consulting and I know her vision and skills will be instrumental in the success of our new consumer brands,” said Karten.

Ms. Favali began her career at Zales Jewelers in 1991, where she spent 10 years excelling in the retail end of the industry. The following 16 years provided a different perspective of the jewelry business with Hannoush Jewelers, where she interacted directly with ownership and upper management to impact both the retail and operational branches of the company. Favali joins Guild Consulting after 3 years with Signet Jewelers, fulfilling diverse roles that ranged from involvement in management to the position of District Manager, where she was able to expand her skill set across a broader spectrum.


“I am very enthusiastic to bring my passion for the jewelry industry to Guild Consulting’s new consumer venture. It is a pleasure and an honor to be working alongside such a respected and knowledgeable figure in the industry”, said Ms. Favali.



It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

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