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Friedman LLP

Diamond & Jewelry

Diamond & Jewelry

Brilliant advice to help you outshine the competition
  • Overview
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Overview

The diamond and jewelry industry remains an evolving maze of consolidation, shifting consumer tastes, third-party requirements, lending uncertainty, and growing calls for financial transparency. Your business requires guidance from accounting professionals who understand the diamond and jewelry landscape, and the external forces that help shape it.

Friedman’s dedicated Diamond and Jewelry Practice has worked closely with clients for nearly a century to help them thrive at every step. From local diamond dealers to global jewelry operations, we recognize your unique challenges and offer specialized accounting, tax and consulting services to meet those needs.

Our shining differences:

  • Trusted by industry leaders and lenders – we’re approved auditors for sightholders of DeBeers, and we maintain strong relationships with leading banks that do business in the diamond and jewelry space. They know us and trust our abilities.
  • Experience inside and out – our practitioners at all levels have specialized expertise within the diamond and jewelry industry. And our extensive industry network allows us to connect clients to a wealth of valuable resources and ideas.
  • Direct access to partners so you get the answers – and the results – you need.
  • Specialized consulting to assist in areas that include international tax and M&A.
  • Dedication to helping you stay compliant, informed and profitable.

Whatever your accounting, tax and consulting needs, we promise to listen and look for ways to bring value to your business.

For more information on our Diamond and Jewelry Accounting services, connect with a member of the team, or contact us.

 

Service Menu

Friedman offers an integrated suite of services to help your business shine.

Audit, Accounting and Finance

  • Audit and review of financial statements
  • Exploration of financing alternatives

Tax Compliance and Planning

  • Corporate and business tax planning
  • State and local tax compliance
  • International tax planning and compliance

Consulting Services

  • Anti-Money Laundering (AML), Dodd Frank, and best practices compliance procedures
  • Transfer pricing studies
  • Forensic accounting, litigation support and valuation services
  • Internal controls and corporate governance

Estate and Trust Services

  • Family wealth protection planning
  • Succession planning and exit strategies
  • Charitable giving strategies
  • Captive insurance planning

Insights & Events

  • March 17, 2020 Tying Loose Threads: Fortifying Your Consumer Goods Business Against the Ramifications of COVID-19

    Gaining PerspectiveOn March 4, U.N. economists announced that, once the dust has settled, global manufacturing exports will have dropped by...

    Read more
  • October 4, 2019 Fashion Manuscript: People-Centric. Forward-Thinking. Award-Winning.

    New lease, new location - same vibrant Friedman culture. Mann Publication’s Fashion Manuscript featured Friedman in an exclusive article highlighting our...

    Read more
  • February 18, 2019 Blockchain, the Answer to Quality Assurance in the Pressure-Filled Diamond Industry

    Today’s diamond industry is fraught with ever-growing challenges, including those associated with transparency, privacy, traceability, compliance and trust. Compliance costs...

    Read more
  • September 5, 2017 Because They’re Happy…

    “Happy accountants make for happy clients.” That’s the driving force behind Friedman LLP’s people-centric philosophy. Mann Publication’s Fashion Manuscript featured...

    Read more
  • March 17, 2020 Tying Loose Threads: Fortifying Your Consumer Goods Business Against the Ramifications of COVID-19

    Gaining PerspectiveOn March 4, U.N. economists announced that, once the dust has settled, global manufacturing exports will have dropped by...

    Read more
  • October 4, 2019 Fashion Manuscript: People-Centric. Forward-Thinking. Award-Winning.

    New lease, new location - same vibrant Friedman culture. Mann Publication’s Fashion Manuscript featured Friedman in an exclusive article highlighting our...

    Read more
  • February 18, 2019 Blockchain, the Answer to Quality Assurance in the Pressure-Filled Diamond Industry

    Today’s diamond industry is fraught with ever-growing challenges, including those associated with transparency, privacy, traceability, compliance and trust. Compliance costs...

    Read more
  • September 5, 2017 Because They’re Happy…

    “Happy accountants make for happy clients.” That’s the driving force behind Friedman LLP’s people-centric philosophy. Mann Publication’s Fashion Manuscript featured...

    Read more
  • July 18, 2017 What marriage-phobic millennials mean for the wedding-ring industry

    Millennials that shop online are starting to include diamond engagement rings in that list. But as brick-and-mortar jewelry stores decline,...

    Read more
  • April 7, 2017 Diamond Trade Banking on Relationships

    After a long rift, diamond industry and the banking sector have sat down together, having recognized the gulf that’s developed...

    Read more
  • January 27, 2017 Restoring Financial Health to the Diamond & Jewelry Industry

    Diminishing profits, tightened lending and the sometimes burdensome demands for governance and transparency continue to be key challenges affecting the...

    Read more
  • June 29, 2016 Harrod’s to Launch 23 Exclusive Timepieces from Horological Mainstays

    Sharing his expertise in the high-end jewelry space with Luxury Daily, Partner Eric Tunis weighed in on Harrods’s exclusive luxury...

    Read more
  • June 21, 2016 Why Standard Chartered Shut Down Its Diamond Unit

    Harriet Greenberg, Co-Managing Partner and Eric Tunis, Partner, sat down with National Jeweler to weigh in on Standard Chartered’s recent...

    Read more
  • December 16, 2015 De Beers Announces Extension To Its Financial Compliance Requirements Going Into 2016

    De Beers recently began contacting all Sightholders to announce that it has chosen to extend the deadline to demonstrate full...

    Read more
  • December 1, 2014 Eric Tunis Joins Friedman LLP as Partner

    Friedman LLP is pleased to announce that Eric Tunis has joined the firm as a Partner in the Diamond and Jewelry Group. He will work out of the New York City office.

    Read more
  • November 20, 2014 Fashion Sense: November 2014

    If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg...

    Read more
  • October 30, 2014 Fashion Sense: October 2014

    In This Issue:   Client Alert: IRS Announces 2015 Limits Affecting Qualified Plans Source: Friedman LLP   Los Angeles Port Congestion Threatens Retailers' Holiday Shipments Source:...

    Read more
  • View all Insights

Spotlight

Spotlight
  • Forensic & Support Services for Lenders
    Forensic & Support Services for LendersRead more
  • Blockchain, the Answer to Quality Assurance in the Pressure-Filled Diamond Industry
    Blockchain, the Answer to Quality Assurance in the Pressure-Filled Diamond IndustryRead more

Related Industries

Related Industries
  • Consumer Products
  • Fashion
  • Manufacturing, Distribution and Retail

People

People
  • Harriet Greenberg
    Harriet Greenberg
    CPA, PFS, Co-Managing Partner
    hgreenberg@friedmanllp.comp 212.842.7570
    f  212.842.7571
  • Eric Tunis
    Eric Tunis
    CPA, Partner Emeritus
    etunis@friedmanllp.comp 212.897.6440
    f  212.842.7001
  • Meet more of the team

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