Supplier News

BIG JEWELRY MAKER MOVES OVERSEAS The Napier Co., a 124-year-old Meriden, Conn., manufacturer of fashion jewelry, was closed down Oct. 13 by Victoria & Co. of Warwick, R.I., which bought it only last March. About 300 employees were told to leave the plant immediately. They will receive paychecks and health benefits until Dec. 15. Richard Andreoli, Victoria chief operating officer, said in a statement that “Fierce competition has forced us to lower our costs” and that the company “must move offshore to remain competitive.” Victoria officials did not return telephone calls from JCK seeking comment. James Marquardt, president of Manufacturing Jewelers & Suppliers of America, tells JCK that overseas competition has had a negative effect on the nonprecious and low-end 14k segments of the industry for about 15 years, with many manufacturers moving offshore. “This is defi

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out