The Year in Review

January Donna Baker, who was appointed acting president of the Gemological Institute of America after William E. Boyajian resigned in May 2006, became GIA's fifth president. M. Fabrikant & Sons Inc. and its domestic subsidiary, Fabrikant-Leer International, filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Robert Crowningshield, a legend of gemology revered for pioneering work in gemological research, died at the age of 87 after a long illness. Crowningshield was a former vice president of the Gemological Institute of America and one of the two founding leaders of the GIA Laboratory in New York, which was established in 1948. Finlay Enterprises, the largest U.S. operator of licensed fine jewelry departments in department stores, said it would buy privately owned Congress Jewelers.
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