Jewelers Mutual Acquires Business Operations Of Shipper TransGuardian
Neenah, WI—Jewelers Mutual Group has purchased the assets of TransGuardian Inc., a shipping logistics software company. The acquisition is part of JM’s strategy to expand its product offerings in support of its core insurance business.
“Jewelers Mutual is dedicated to providing value to our jewelers, and offering a shipping solution is another way to do so,” said Scott Murphy, president and CEO of Jewelers Mutual. “With this acquisition, we take a major step forward by combining an industry-leading solution with our talent and resources to create a holistic shipping solution for the entire industry.”
TransGuardian’s creation in 2005 was an innovative breakthrough for online logistics services. Jewelers Mutual partnered with TransGuardian in 2017 to present JM Shipping Solution, a convenient, cost-effective, and safe way to ship jewelry that allows the user to take advantage of exclusive discounts, insurance options for their packages, and more.
As part of Jewelers Mutual, the former TransGuardian business and team, led by Jim and Madlene Moseley, will continue to serve enrollees of the JM Shipping Solution, as well as their current customer base. All current TransGuardian employees are being welcomed onto the Jewelers Mutual team. TransGuardian’s customer-facing service centers in New York City and Los Angeles will continue operations uninterrupted as part of the Jewelers Mutual Group.
“Being welcomed into a 105-year-old company like Jewelers Mutual means access to a wide range of talent and resources,” said Jim Moseley. “Together, we will enhance our customer experience and roll out bigger and better enhancements and discounts.”
“The needs of the jewelry industry will continue to change. Jewelers Mutual is committed to navigating those changes to continue to provide solutions that raise the tide of the entire industry,” added Murphy.
Meira T Introduces Engagement Collection
New York, NY—Meira T has added engagement rings to its well-known line of high fashion fine jewelry. The collection is launching in 11 silhouettes and three gold colors. Settings can be ordered as a semi-mount or with colored gemstones by special order. Details of the new collection are below:
Chatham Kicks Off School Year With Gemstone ABC’s
San Francisco, CA—Chatham has introduced a new line of script initial pendants featuring lab-grown gemstones and diamonds. The pendants are available in sterling silver or in 14k yellow, rose, or white gold, both with and without diamonds. Each letter is available with any one of Chatham’s 12 lab-grown gems, including alexandrite, aqua spinel, emerald, Paraiba-colored spinel, ruby, diamond, and sapphires in six colors (blue, pink, yellow, champagne, padparadscha, or tsavorite green.) Retail prices range from $395 to $1200.
Former ALROSA Head Launches Lab-Grown Diamond Company
Moscow, Russia—If you can’t beat ‘em, join ‘em. Former ALROSA president Andrey Zharkov, who in 2015 warned the global diamond industry that man-made diamonds are threatening the value of natural mined diamonds, has entered the lab-grown diamond industry himself.
JCK reports the former president of Russia’s state-backed ALROSA—the world’s largest producer of diamonds by volume and the second-largest by value—has started a lab-grown diamond company called Ultra C, which is based in Switzerland and will have a footprint in the United States, Russia, and Singapore.
“We call lab-grown diamonds ‘new age diamonds’ for people…who are open-minded, open-hearted, ready for change [and] care about responsible consumption,” he told JCK. He also added that manmade diamonds will irrevocably change the diamond jewelry landscape over the next five to 10 years, and that his goal is to work with other [lab-grow] market players to work together on standards, pricing and generic advertising, and cooperate with natural diamond producers.