Richline’s Gemvara Adds Lab-Grown Diamonds to Ring Builder

New York—Gemvara, the e-commerce site for custom jewelry owned by Richline Group, is getting into the lab-grown game. The company announced this week that it is now offering customers both natural and lab-grown diamonds as well as colored gemstones as options on its ring builder.

Gemvara  is selling lab-grown center and accent diamonds as well as lab-grown sapphires, rubies and emeralds 3 mm and larger for most jewelry styles.

Richline said the initiative is currently in a “private test” with a “large retailer” under the name Gembuilder.

The company is not disclosing which retailer is testing the initiative at this time, though it seems likely it is one of the sizable retailers owned by parent company Berkshire Hathaway.

Berkshire Hathaway owns 210-store chain Helzberg Diamonds and 92-store chain Ben Bridge Jeweler along with Borsheims in Omaha, Nebraska.

Richline said it will expand the program to a limited beta test group later this year, allowing retailers to utilize Gemvara’s customization platform for their own customers for both complete designs as well as semi-mounts with lab-grown diamond accents.

Gembuilder is slated for a wider rollout in 2020.

When asked the source of its lab-grown diamonds for Gemvara/Gembuilder, Richline said it is not releasing that information at this time.

The sale of lab-grown diamonds on Gemvara is Richline’s second initiative involving lab-grown diamonds after the launch of “Grown With Love” at J.C. Penney and Macy’s last year.

For that line, Richline sources some of the lab-grown diamonds from  WD Lab Grown Diamonds.

“By adding both the Gemvara and the upcoming Gembuilder launch to the company’s already robust lab-grown diamond offerings, we are proud to be at the forefront of this exciting new space with an innovative experience that offers modern shoppers meaningful choices,” Richline Group President and CEO Dave Meleski said.

For more information on Gembuilder, email  gembuilder@richelinedigital.com.

Richline will exhibit at the upcoming JCK Las Vegas jewelry trade show, scheduled for May 31-June 3 at The Venetian and Sands Expo.

Contact Michael Schechter,  mschechter@richlinedigital.com, for an appointment.

Richline Group Acquires The Aaron Group

The Acquisition Adds A Major Industry Supplier To The Berkshire Hathaway Owned Firm.

Richline Group, a wholly-owned subsidiary of Berkshire Hathaway, and The Aaron Group, a leading jewelry manufacturer and marketer, announced today that Richline has acquired The Aaron Group business effective today, January 11th.

“We are extremely excited and energized about joining forces with The Aaron Group. The Aaron Group’s differentiated, prime-manufactured products will offer Richline’s retail partners a dramatic new range of options and increased value, while preserving the legacy of customer satisfaction that both companies prioritize,” said Dave Meleski, Richline Group’s President.

Since its founding as Samuel Aaron Jewelry in 1950, the Aaron Group has grown from its New York City roots to become a widely renowned, vertically integrated international jewelry manufacturer. Along the way, the Aaron Group has remained a true family business and, under the stewardship of third-generation leader Robert (Bobby) Kempler, has achieved stature as a major global force, with operations, factories, partnerships and hundreds of employees in New York, London, Mumbai, Hong Kong, and Guangzhou.

Richline’s CEO, Dennis Ulrich, said “this acquisition will allow The Aaron Group to continue as the leader of bridal, three-stone and fashion diamond and gemstone fine jewelry while leveraging Richline’s advanced capabilities across our entire jewelry value chain”.

Per Aaron Group President, Robert Kempler, “Richline Group support will enable The Aaron Group to grow faster, introduce new designs and collections more rapidly, and expand on our history of success by reaching a broader array of customers and markets. Our mutual goal is to anticipate, foster and drive positive change in our industry.”

ABOUT THE AARON GROUP

The Aaron Group is an international jewelry manufacturer with hundreds of employees in offices around the world. A firm believer in the power of jewelry to connect people, The Aaron Group has grown from its 1950 founding as a one-man shop to become globally recognized in the jewelry industry, with an unblemished reputation for quality, value, and commitment to the customer.

ABOUT RICHLINE GROUP, INC.

Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. Currently the major brands comprising Richline’s portfolio are LeachGarner, Inverness, Rio Grande and Richline Jewelry. Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services.

Richline-Group-Acquires-The-Aaron-Group-20170110

Richline Group Acquires Viawear To Bolster Wearable Product Offerings

Richline Group, a wholly-owned subsidiary of Berkshire Hathaway, and Viawear, an innovative wearables provider for jewelry brands, announced today that the companies have completed an agreement for Richline to acquire the Viawear business.

“The world has embraced wearables, and we intend to provide our customers with the right jewelry products that blend seamlessly with the latest technology. Viawear’s technology and designs compliment everything we’ve set out to achieve in the smart jewelry space,” said Joel Schechter of the Richline Group.

Viawear has developed a unique approach to filtering mobile notifications and delivering the most contextual wearable alerts. With Viawear, wearers can stay connected to their most important alerts, and eliminate the need to constantly checking to see if they missed something important. An interactive preview of their technology and designs will be on display at the Plumb Club at the JCK Show in Las Vegas, booth #PC–200.

“Our objective has always been to develop smart accessories that truly complements our wearer’s lifestyle. Blending Richline’s tremendous jewelry acumen with Viawear’s technology platform allows us to make this vision into a reality that can help drive the world of fine jewelry into the world of wearable technology,” said Ben Isaacson, Founder and CEO of Viawear.

ABOUT RICHLINE GROUP, INC.

Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. Currently the major brands comprising Richline’s portfolio are LeachGarner, Inverness, Rio Grande and Richline Jewelry. Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of Berkshire Hathaway is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.

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Richline Group Acquires Nordt

Roanoke, VA and New York, NY – Richline Group, Inc. has the pleasure to announce the acquisition, effective June 1, 2016, of John C. Nordt, Inc. Joe Esposito, Richline’s EVP of Manufacturing said that “Nordt is another important and strategic addition to our brands. The firm’s unique and successful business model is a tribute to the leadership of the Nordt family. The synergies between Nordt and our LeachGarner and Nobilis business units will accelerate our growth into the PGM industrial markets. Nordt has a great product line, talented people and long term relationships with its clients”.

Joe White, President of LeachGarner, A Richline Group Company stated, “The combination of Nordt’s proprietary process technology and LeachGarner’s scale is unique in the precious metal industry. We look forward to integrating our businesses to deliver enhanced value to our existing customer base and leveraging our new synergies outside our traditional channels.”

Five generations of the Nordt family have led the firm over 140 years. Paul Nordt III, Rob Nordt, Sr. and Rob Nordt, Jr. will continue to lead the company along with a highly experienced professional management team. Paul Nordt stated “Richline’s strength will enhance the core corporate capability brought to our customers including our unique and proprietary processes for precious metals. We have long been proud of the creation of products of extreme precision and adaptability for the jewelry industry.”

ABOUT JOHN C. NORDT:

John C. Nordt is an ISO 9001:2008 certified company and a leading manufacturer and supplier of precious metal products to the jewelry industry. Founded in 1872 in New York City, Nordt has operated in Roanoke Virginia since 1984.

ABOUT RICHLINE GROUP, INC.:

Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. Richline Group was formed in 2007. Currently the major brands comprising Richline’s portfolio are LeachGarner, Inverness, Rio Grande and Richline Jewelry. Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of Berkshire Hathaway is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.

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Richline Group Acquires Gemvara

The acquisition adds online retailer to leading U.S. Jewelry Industry Corporation.

Richline Group, a wholly-owned subsidiary of Berkshire Hathaway, and Gemvara, the leading online provider of customizable fine jewelry, announced today that the companies have completed an agreement for Richline to acquire the Gemvara business.

“We are eager to integrate the Gemvara platform, technology and team into the Richline Group,” said Richline Group CMO Mark Hanna. “We believe that Gemvara’s differentiated platform will offer Richline’s retail partners additional value in the rapidly growing personalized jewelry space, and will also help them to enhance their overall e-commerce businesses.”

Gemvara will continue as the leader of customizable fine jewelry shopping online and will leverage Richline’s advanced capabilities across the entire jewelry value chain. In return, Gemvara will bring its unique, world-class ecommerce platform and customization technology to the Richline Group. “The acquisition will enable Gemvara to grow faster, introduce new designs rapidly and expand on our success with a broader array of affordable fine jewelry” said Gemvara President Jon Blotner.

Gemvara CEO Matt Nichols said “Richline’s deep experience and capabilities align with our strategy to deliver an innovative, next generation, personalized jewelry shopping experience” to the omni-channel consumer.

ABOUT GEMVARA

Gemvara is the revolutionary leader of fine jewelry shopping online. Every piece of heirloom-quality jewelry is skillfully handcrafted to order. Gemvara combines the values of traditional jewelry creation with modern technology to truly provide shoppers with fine jewelry exactly the way they want it, plus a shopping experience that is creative and fun.  Gemvara is headquartered in Boston, MA.

ABOUT RICHLINE GROUP, INC.

Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. Currently the major brands comprising Richline’s portfolio are LeachGarner, Inverness, Rio Grande and Richline Jewelry. Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of Berkshire Hathaway is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.

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Richline Group to Acquire Worldwide Chrysalis Brand

Richline Group, Inc. is proud to announce that they have reached an agreement to acquire Chrysalis, a worldwide brand focused on creating stackable bangle bracelets adorned with talismans, good luck charms, and spiritual symbols.

Established in 2007, the Chrysalis brand was born of founders Andy and David Maine’s mutual love of jewelry and travel. What began as a chance meeting in London’s Portobello Market rapidly evolved into a spiritually-infused collection of expandable, bangles that make it easy and affordable for women to share and express their favorite memories.

“Chrysalis is a leader in the growing trend of unique and personal stackable bracelets. We could not be more excited to be a part of one of the first, and hottest, new trends in jewelry since the introduction of charm bead jewelry,” said Ramona Genao-Archibald, Richline Brands’ EVP of Merchandising.

Dave Maine, co-founder of Chrysalis, explained that, “Richline is the perfect home for our brand. They pair a clear understanding and belief in our brand with exceptional sales, operational, merchandising and marketing support.”

“Chrysalis is a wonderful addition to the family of brands that have helped make Richline the company that it is today,” said Richline Group CEO Dennis Ulrich, “We look forward to sharing their amazing designs with our retail partners, and to helping spread their message of love and light to women across the world.”

ABOUT RICHLINE GROUP

Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. The Richline Group was formed in 2007. Currently, the major brands comprising Richline’s portfolio are LeachGarner, Inverness, Rio Grande and Richline Brands. Berkshire Hathaway, and its subsidiaries, engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of the Company is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.

For more information, please contact:

Mark Hanna P: (212) 886–6212 E: Mark.Hanna@RichlineGroup.com Chrysalis-Press-Release

Richline Group Acquires The Internationally Recognized HONORA Brand

Richline Group, Inc. has today announced the agreement, in principle, to acquire the internationally recognized HONORA brand.

The transaction is expected to be completed in July.

For over 60 years of being family owned and operated, HONORA has stood for value and quality in the jewelry industry, and is now known as the premier freshwater cultured pearl brand in the USA.

Dennis Ulrich, CEO of Richline Group, said that ” CEO, Joel Schechter and President, Ralph Rossini have created and managed a unique, branded entity that has a great product line, talented people and long term relationships with its clients”.

Joel Schechter commented “We are tremendously excited about our future as a member of the Richline Group, and look forward to leveraging their tremendous strengths as we continue growing the HONORA brand to consumers. HONORA’s president, Ralph Rossini, said “The entire HONORA team takes great pride in the brand we have built over the years. We look forward to utilizing Richline’s expertise and vast resources to expand our brand and strategic opportunities”.

In the new corporate structure, Mr. Schechter and Mr. Rossini will remain to run the company as a standalone brand within the Richline Brands division of the Berkshire Hathaway Company.

Dave Meleski, Richline Group’s President, stated “a key goal of this acquisition is the utilization of our financial support and collaboration to fully champion HONORA, as a brand, for domestic and International growth. HONORA expands our product assortment positioning as a dominate player in the pearl jewelry category.”

About Richline Group, Inc.

Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. The Richline Group was formed in 2007. Currently, the major brands comprising Richline’s portfolio are LeachGarner, Inverness, Rio Grande and Richline Brands. Berkshire Hathaway, and its subsidiaries, engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of the Company is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.

View the full press release here.

Richline Group Acquires Rio Grande

Richline Group, Inc.. has the pleasure to announce the acquisition, effective January 1, 2013, of Rio Grande, including Rio Grande’s Neutec branded equipment, from The Bell Group, Inc.

Rio Grande is a leading jewelry-industry brand, well-known for its unique culture, vast product offering and a special brand of customer service.

Dennis Ulrich, CEO of Richline Group, said that “Rio Grande is another important and strategic addition to our brands. The firm’s unique and successful business model is a tribute to the leadership of the Bell family. Rio Grande has a great product line, talented people and long term relationships with its clients”.

Says Alan Bell, “The values of Warren Buffett and Berkshire Hathaway are very much in line with those on which Rio Grande is founded, and we couldn’t be more enthusiastic and optimistic about the future as a member of the Richline Group.”

In the new corporate structure, Alan Bell and Molly Bell will remain to run the company as President and Executive Vice President, and the business will continue to operate as it has in the past. Eddie Bell will continue to oversee the Santa Fe Symposium and Neutec.

Dave Meleski, Richline Group’s President stated, “a key goal of this acquisition is that, with our financial support and collaboration, Rio Grande will be able to meet the future challenges of the jewelry industry. Rio Grande will be a stand-alone business, as are recent acquisitions, LeachGarner and Inverness”.

About Richline Group, Inc.

Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. The Richline Group was formed in 2007. Currently, the major brands comprising Richline’s portfolio are LeachGarner, Inverness, Richline International and Richline Brands. Berkshire Hathaway, and its subsidiaries, engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of the Company is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.

View the full press release here.

Richline Group Acquires SAMJCO

Richline Group, Inc. today announced the completion of the acquisition of the assets in South Africa of South African Manufacturing Jewelers SAMJCO, aka Alan Mair Manufacturing Jewelers. The new company will operate as Richline SA (Pty) Ltd.

Richline SA is based in Germiston in the Gauteng Province, and is located in the Gold Zone at Rand Refinery. Richline SA is committed to deliver innovative jewellery manufacturing and design, a legacy left by SAMJCO. While Richline SA will continue to produce nine (9) carat gold as well as silver jewelry, it specializes in “bonded gold” a product that combines two precious metals, gold over silver, in a technologically sophisticated process. The firm intends to revitalize its focus on both the South African local market and also on exports into Africa and to other areas of the world. Richline SA is fully owned by Berkshire Hathaway‘s Richline Group, a global jewelry manufacturer. This will be the company’s sixth international jewelry brand acquisition and denotes the continued expansion of its worldwide, integrated corporate branding, manufacturing and distribution strategy.

Richline Group was formed in 2007 and includes a diverse group of jewelry brands specializing in metals, gemstones and design. The Richline Group is comprised of four strategic business units: LeachGarner Inc., Richline Brands, Richline International Inc. and Inverness Corporation.

About Richline Group

Richline Group, Inc. is a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. Berkshire Hathaway, and its subsidiaries, engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of the Company is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.

View the full press release here

Richline Group To Purchase US Cookson Material Products Group

Richline Group, Inc. has entered into an agreement whereby they will be purchasing the US Cookson Material Products Group.

Certain operating businesses for distribution and sales of Richline product in the UK, France, Hong Kong, Japan, and China are additionally part of the acquisition.

Dennis Ulrich, CEO of Richline, said, “This expansion demonstrates our continued commitment to the jewelry industry, as well as the importance we place on manufacturing, and the confidence we have in the talented group of employees living in the New England area.

“Our existing US manufacturing expertise, now combined with the long heritage and experience at Stern-Leach, Hallmark Sweet, Leach & Garner, General Findings, Inverness and Excel chain, provides us with talent and experience in manufacturing unprecedented in the USA”.

Joe Esposito, Executive Vice President of Manufacturing, says “Our strategy will be to manage the Manufacturing Group as a separate business committed to supplying the jewelry trade, along with other associated industries, with a high level of service and continued quality while supported with enhanced investments into the development of innovative products”

“The newly acquired businesses, will add substantial expertise and capabilities to our manufacturing group, while adding many new clients, both domestically and around the world”, said Dave Meleski President.

By consummating this transaction, the company has made a long term commitment to enhancing the mill and findings segments of the businesses.