On Jan. 13, Kay Jewelers and Patek Philippe were among the winners toasted and roasted by host Stephen Webster and 500 of the trade’s best and brightest.

(Above) Cipriani 42nd Street (located in the former Bowery Savings Bank) again served as the glamorous setting for the Gem Awards.

HSN’s Carol Brodie, Town & Country editor-in-chief Stellene Volandes, and JCK jewelry director Randi Molofsky of For Future Reference

Hearst Digital Media watch editor Stephen Watson, a nominee for media excellence, with Cuba Gooding Jr.

Assia Webster—whom the host lovingly dubbed his “long-suffering” wife—with Bon Jovi keyboardist David Bryan

This year’s Gem Award winner for lifetime achievement: Jim Rosenheim of Tiny Jewel Box in Washington, D.C.

Irene Neuwirth, decked out in, naturally, jewels of her own design

Gem Award winner Lucia Silvestri, Bulgari’s jewelry creative director, with Bulgari North America president Daniel Paltridge