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TrueFacet.com and Stephen Silver Fine Jewelry Partner On Boutique

It’s open in time for the holidays.

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(PRESS RELEASE) SILICON VALLEY, CA/NEW YORK – Luxury digital marketplace TrueFacet.com has partnered with independent jeweler Stephen Silver Fine Jewelry to present a collaborative retail boutique in Silicon Valley.

The TrueFacet and Stephen Silver Fine Jewelry boutique is located in the Silvers’ second boutique space at the Rosewood Sand Hill Resort in Menlo Park, CA, which officially opened on Nov. 14. The boutique is stocked with TrueFacet’s selection of pre-owned watches and fine jewelry collections from luxury brands such as Rolex, Cartier, Van Cleef & Arpels, Patek Phillipe, Panerai and Audemars Piguet.

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With this collaboration, TrueFacet will gain access to the Silvers’ network of Silicon Valley clientele and international collectors, while Stephen Silver Fine Jewelry can effectively scale its fine jewelry, estate jewelry and rare collectible timepiece offerings while harnessing TrueFacet’s digital reach and consumer insights.

TrueFacet Co-Founder Tirath Kamdar stated: “Silicon Valley is TrueFacet’s third-largest market, and we saw the potential for even more growth by partnering with the demonstrated leader in offline shopping experiences in the area, Stephen Silver Fine Jewelry. We see our partnership as a merger between the physical and the digital space. It’s something we are very excited about, that has never been attempted in this industry. There is a real synergy between our companies, with Stephen Silver’s expertise in rare estate pieces, and our leadership in the Certified Pre-Owned category, offering thousands of products unavailable anywhere else.”

Since its founding in 2014, TrueFacet.com has crowdsourced much of its pre-owned watch and fine jewelry inventory through customer trade-ins, consignments and customer sales, growing its marketplace inventory to over 140,000 items. Each item is authenticated and refurbished in-house or directly by brands through TrueFacet’s groundbreaking Brand Certified Pre-Owned program, launched in August of 2018.

TrueFacet has relationships with Brand Certified Pre-Owned partners like Zenith, FENDI Timepieces, Faberge and Roberto Coin. The digital marketplace has also recently partnered with Messika to power a branded U.S. e-commerce site for the international jewelry brand.

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Stephen and Jared Silver, a father and son team, have earned a reputation among Silicon Valley’s VC community as early adopters of new technology. Where other jewelry and watch retailers have seen e-commerce marketplaces as competition, the Silvers saw an opportunity to invest in TrueFacet, a data-driven, tech-forward digital marketplace, and eventually took on an advisory role with TrueFacet.

Stephen Silver Fine Jewelry President Jared Silver saw an opportunity to expand the relationship with TrueFacet as luxury retail partners.

“TrueFacet makes an ideal digital partner because the company’s high-touch service and impressive global reach complement our own strengths,” he said, “and through this partnership, we will also gain access to TrueFacet’s wide selection of certified pre-owned inventory.”

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CJDG Announces New President

Judi Powers takes the position.

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(PRESS RELEASE) The executive board of the Contemporary Jewelry Design Group (CJDG) announces that Judi Powers, Judi Powers Jewelry, has become the new president of the association.

Judi takes over from Julie Romanenko, Just Jules Jewelry, who completed her term as president as of June 1, 2019. As she completes her term, Julie says “for the past 3 years, as President of the CJDG, I have the privilege to work with some of the most creative and amazing designers in our industry. I now have a lifelong friend in Marylouise, the director, someone I knew but not well. Working with her was effortless and I am so proud of what we accomplished”.

“When I became President, I wanted to do more than to self promote the group’s talents but also figure out a way to also give back to the industry I have loved for many years. The CJDG Cindy Edelstein Auction was something I am really proud of and hope it continues, after this year’s hiatus. I am looking forward to watching our new President, Judi Powers, move into the position and the amazing things she will accomplish. Thank you to all the members”.

Judi Powers says “what I love most about CJDG is our community. Our members are dynamic, engaged, generous, and fiercely committed to outstanding jewelry design and they push and challenge boundaries in exciting and artful ways. When I became a member, I felt like I’d found my people and it’s that feeling that I hope to engender among our membership during my term as President of the CJDG Executive Board”.

Powers continued: “My goals are to deepen our communication, provide even greater service to our members, and build relevant partnerships that will help our businesses grow and thrive. I’ve got big shoes to fill and I’m honored to be working side by side with Marylouise Lugosch, Erika Winters, Dana Bronfman, and Elizabeth & Jack Gualtieri (Zaffiro Jewelry), as well as past executive board members, as I step into this special role”.

CJDG is a national organization dedicated to the promotion of creative jewelry design and committed to the highest standards of integrity and ethics in business and in design. The CJDG is a non-profit, 501c-3 organization.

For further information, please contact Marylouise Sirignano Lugosch, the executive director, marylouise@cjdg.jewelry

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Royal Chain Launches The Gold Book

This is in response to last year’s 40th Anniversary book.

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(PRESS RELEASE) NEW YORK – Royal Chain introduced a new concept, called The Gold Book 2019, and if you are a lover of gold, you will not want to miss this.

The new introduction is in response to last year’s 40th Anniversary book, which took the best new designs for 2018 and put them in a standalone book all by themselves. After an overwhelming response to the presentation, the company decided to continue the story into 2019. Company Vice President of Design and Marketing, Phillip Gabriel Maroof, who conceptualized the book, said “Gold is so versatile, there is so much you can do with it, and it is important for retailers to see how innovative gold artisans can be. This book highlights that in the most relevant way to retailers and consumers alike.”

Indeed the collection is vast in terms of size and also styling and price points. It highlights styles buried deep in the archives, updated classics, fashion trend stories, and designs exclusive from places never before seen. This time, men’s jewelry will also be in focus because of rising interest in the category.

The Gold Book leaves no room for mystery, declaring its status as THE reference for everything gold related.

Royal Chain introduced the collection during Las Vegas Jewelry week and will have it on display throughout the summer show season.

For more information about the new release, visit Royal Chain’s website or call 800.622.0960.

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WDC Urges That Consumers’ Concern for Product Integrity Be Addressed

Kimberley Process considers options for strengthening KPCS.

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(PRESS RELEASE) NEW YORK – As the 2019 Intersessional Meeting of the Kimberley Process (KP) wrapped up on June 21 in the Indian city of Mumbai, WDC President Stephane Fischler expressed confidence that progress has been made in the effort to reach consensus on the review and reform of the Kimberley Process Certification Scheme (KPCS). He called on participants to agree on the measures necessary for strengthening the KPCS’s impact, both in improving the lives and prospects of communities in the mining areas, and also in meeting the expectations of consumers in the jewelry markets.

“What is essential is that, together, we send a clear signal to the outside world, including consumers, that the Kimberley Process remains a vitally relevant institution, which is able to evolve and adapt according to changing conditions. This must be the case at the upstream end of the chain of value, as it is at the downstream end,” he stated.

WDC President Executive Director Marie-Chantal Kaninda intervening during a session of 2019 KP Intersessional Meeting in Mumbai, India.

At the same time, said the WDC President, recognition of the need to reform should never detract from the very significant achievements the KP has achieved to date. Indeed, he stated, the WDC itself has been remiss in highlighting that developmental programs for artisanal miners that its members are currently involved in launching in places like Sierra Leone, Guinea, DRC and others would have been impossible were it not for the role of the KPSC in returning peace to these areas.

The WDC remains committed to developing such programs, he said, but they are undermined when acts of violence bring the integrity of the diamond into question. “We will continue to stand on the front lines, highlighting our concerns and advancing and promoting solutions, he said. “To do that, we require the understanding, cooperation and support of all players in the chain of value. If we see consumers turning away, our market share shrinks, revenues fall, and all of us will feel the pain.”

While, as the diamond and jewelry industry’s representative in the tripartite KP the WDC has non-voting observer status, its 11-person team at the KP Intersessional, led by Mr. Fischler and WDC Executive Director Marie-Chantal Kaninda, played key roles in various sessions of the plenary and working groups, and in particular Peter Karakchiev, a WDC Board member from Alrosa, who chairs the Working Group of Diamond Experts (WGDE) and the subcommittee on the creation of a permanent KP Secretariat.

Mr. Karakchiev also organized and moderated a Special Forum at the meeting in Mumbai on June 19, which delved into the promotion of the Diamond Terminology Guidelines that were adopted as KP Best Practices last year. Most speakers in that forum were representatives of WDC member bodies. They included Karla Basselier, of the Antwerp World Diamond Center (AWDC); Sanjay Shah, of India’s Gem & Jewellery Export Promotion Council (GJEPC); David Bouffard of Signet Jewelers; and Elodie Daguzan of Rubel & Ménasché.

The WDC members spoke about efforts being taken by the industry to bridge the expectations of stakeholders in the diamond producing countries and the growing demand by Millennial and Generation Z jewelry buyers that the products they buy have ethical and social value.“We cannot afford to have our competitors in the marketplace using the perceived shortcomings of the Kimberley Process to sell their own products,” said Mr. Bouffard during the Special Forum on diamond terminology.

A second Special Forum on June 19 looked at grass-roots programs being operated in diamond industry communities. It featured Feriel Zerouki, of WDC member De Beers Group, who presented the GemFair initiative in Sierra Leone, which is working to formalize and support artisanal miners in the diamond value chain; and Sabyasachi Ray of GJEPC, who outlined the Swasthya Ratna Policy, a heavily-subsidized health care plan created by his organization for workers in the Indian jewelry sector and their families, which eventually could provide comprehensive coverage to more than 5 million people.

To download a full copy of the WDC President’s speech to the Closing Session of the 2019 KP Intersessional Meeting, please click here.

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