Beasley Resigns from Helzberg; Replaced by Raff

Beryl Raff, new chair and CEO of Helzberg Diamond ShopsMarvin Beasley, chairman and chief executive officer of Helzberg Diamond Shops, Inc., has resigned, effective immediately. He was replaced by jewelry industry veteran Beryl Raff.

Helzberg is a wholly owned subsidiary of Berkshire Hathaway Inc., which made the announcement Monday.

Raff has spent over 25 years in the retail jewelry industry. Most recently, she was executive vice president and general merchandise manager of fine jewelry for J.C. Penney Company, Inc.

“Beryl is widely recognized throughout the retail industry as an outstanding merchant and strong multi-store retail executive,” said Warren E. Buffett, Berkshire’s chairman and chief executive officer. “She will bring a finely balanced blend of merchandising instinct and analytical sharpness to her new position.”

Helzberg Diamonds was founded in 1915 and has nearly 270 retail jewelry stores nationwide, featuring a wide selection of fine jewelry, including diamonds, precious gems and watches. Helzberg Diamonds takes pride in its history of offering exceptional value, exclusive designs and timeless jewelry.