KREMENTZ & CO. AN AMERICAN STORY

To hear it told, Newark, N.J., was famous for three things: leather, beer and jewelry. These once-monstrous industries have shrunk over time. The number of leather tanneries dwindled before World War II, and the conspicuous Anheuser-Busch plant is the one remaining beer producer. Likewise, the Krementz & Co. building – plated with shiny gold just like the jewelry made inside – is the lone relic of a century of Newark jewelry manufacturing. Ingenuity, a strong policy of service and versatility in product have kept Krementz & Co. alive for 131 years in Newark and made it one of the most well-known names in the jewelry business. When Chairman Richard Krementz Jr., the third generation to oversee the company, announced in April he’s looking for buyers for the bread-and-butter jewelry divisions, one thing was sure: the Krementz name will live on, but the legacy of the invincibl
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