We learned from a story written by our colleague at our day job that Scott Jay Inc., the sterling silver jewelry company, has been sold in the wake of its founder/designer dying suddenly last year.
Scott Kay, whose gorgeous weighty silver necklaces we have coveted and purchased, had a lower-priced line in the works for QVC when he passed away last year of a heart attack. The collection debuted on the home shopping network this year, with one of his daughters appearing on the shows.
Kay’s company, based in our beloved New Jersey in Teaneck, has since been acquired by Manhattan-based Frederick Goldman Inc., which does bridal and fashion jewelry.
Frederick Goldman has received $16 million in tax incentives from New Jersey to move its HQ and manufacturing facility to Secaucus, N.J., bringing 214 jobs with it.
It appears, although it’s a little unclear, that the Scott Kay folks will be moved there, too.