U.S. High Jeweler David Webb Acquired By Investment Firm

A David Webb emerald, ruby, sapphire and diamond Mughal-inspired necklace fetched $327,600 at ... More Sotheby's New York in December 2020.
Investment group, Middle West Partners, said Monday it has acquired David Webb Holdings LLC, a storied American jewelry house known for its bold, colorful designs and master craftsmanship. Terms of the deal weren’t disclosed. It appears that the sale has taken effect.
The firm was purchased from Mark Emanuel who acquired David Webb in 2010. Emanuel will retain a minority stake and play an active role in the new company, according to the statement of the sale. Emanuel’s share in the company wasn’t disclosed.
James Weiss was named the new CEO of the company. He served as an advisor on the acquisition and has been with David Webb since 2017.
“David Webb is an American treasure. Its unique design vocabulary, its heritage, its remarkable atelier, and its untapped archives provide an extraordinary foundation for continued growth.” Weiss said in a statement announcing the sale.
Founded in 1948 by jeweler David Webb, the house has been celebrated for its signature animal motifs, intricate gold work and exquisite use of vibrant gemstones. David Webb’s creations throughout its history have adorned Hollywood icons, fashion elites and collectors with an appreciation for distinctive, statement-making jewelry. The house has been in continuous operation for more than 75 years. Its workshop, archives and flagship salon are based on Madison Avenue on New York’s Upper East Side.
"We were drawn to David Webb because among luxury houses, David Webb truly stands alone,” said Kevin Kelleher, managing partner of Middle West Partners. “The extensive original archives and unwavering commitment to exceptional craftsmanship all deeply rooted in the house’s American heritage, made this an opportunity we simply couldn't overlook. In our new stewardship, we feel a profound responsibility to honor our founder's vision, serve our loyal clients, and preserve the remarkable legacy of this iconic house.”