Henry Dunay Designs Files Chapter 11
High-end jewelry has been taking it on the chin lately. We've seen several top tier jewelry design companies file for bankruptcy and now one of my favorites has gone Chapter 11. National Jeweler reports that Henry Dunay Designs filed at the U.S. Bankruptcy Court of the Southern District of New York in Manhattan citing that it has 100 and 199 creditors with assets between $1 million and $10 million and liabilities between $1 million and $10 million.I had a chance to view Henry Dunay's designs at the JCK show in Las Vegas in 2008 and meet Mr. Dunay personally. He's no newcomer to the jewelry world, He started as an apprentice at the age of 14 in New York and has spent over 50 years in the jewelry business, launching Henry Dunay Designs back in 1965. Since then he was won dozens of awards for his designs (including being named the world's best jewelry designer by the Robb Report in 2000 and 2001) and his pieces have appeared in countless magazine spreads and in his coffee table book, "Henry Dunay A Precious Life."
For jewelers dealing in couture design, this economy has been particularly brutal. Materials including gold and gemstones continue to be expensive, production costs are rising but sales are falling. Dunay sells in stores which have been experiencing decreased business including Neiman Marcus and Bergdorf Goodman. Hopefully Henry Dunay Designs will be able to survive this rough patch and get back to the business of making beautiful jewelry.
Reader Comments (Page 1 of 1)
tdorman323 Jun 23rd 2009 2:48PM
I have known Henry since 1979 when I was with the World Gold Council. He was always light years ahead of the rest of the jewelry world. He personifies all that is good and decent about the jewelry industry. Henry is a class act and will get through this and continue to wow the world with his artistry.
There was an apt comment I heard, "Who is the next Faberge? - Well, It's Henry Dunay."
Rich Jun 23rd 2009 2:57PM
Deidre,
I hope to God that neither you nor your parents spent money for you to attend any School of Journalism. The first paragraph of your "report" is replete with errors of omission and commission. You obviously don't know where or when to place a comma. Finally, your spelling is atrocious. But, that's not surprising, most people spell it "Deirdre."
LONNY Jun 23rd 2009 4:24PM
I DIDN'T KNOW THIS WAS ENG.101?????????????
jlezlikes2 Jun 23rd 2009 5:13PM
I agree, Rich!
billmarykalmar Jun 23rd 2009 5:43PM
Rich - thanks for pointing out the errors in the report! Your insight to proper punctuation was enlightening. Hope your time spent searching for elusive commas did not detract from the time you spend studying for your GED! Let us know when you will be researching the proper use of exclamation points!
carlascomputer Jun 23rd 2009 6:02PM
i didnt see anything spelled incorrectly..
Gabrielle Jun 23rd 2009 7:25PM
I believe the puncuation errors are very superficial in the face of a person speaking about an artisan of fine jewelry who is going bankrupt because this economy has left ,any homeless and capsized many large corporations. This was about a man who was an artist in his craft and sadly, has not been able to thrive in the tanking economic crisis. No doubt I have written this with mutple spelling and punctation errors however, I believe nit picking in a circumstance like this is coming from someone who could not have afforded any of the jewelry even in a thriving economy and is coming from a place of envy rather than understanding or wishing this fine artist better times in the future.
AJ Jun 23rd 2009 4:58PM
It's such a shame that his must declare Chapter 11. His work is beautiful. It seems like even the wealthy are watching their pennies. I hope it all works out for him.
david french Jun 23rd 2009 6:44PM
Well instead of the next Fabrege...he is now the next Chrysler...visionary designers and not necessarily visionary business people.
gingerrose321 Jun 23rd 2009 6:20PM
Rich,
You sound like a snob. Maybe your name should be spelled "Riche" instead of how most people spell it "Dick".
Harry Jun 23rd 2009 6:30PM
Although the better English critique is astute, Rich is clearly unfamiliar with the "character-limiting" factor which burdens modern internet journalists. Even now, we are being exposed to 140 character texts with creative, though absurd spelling. I think what is important here is the content of the article and poor Mr. Dunay's dilemman.
Audrey Parker Jun 23rd 2009 7:28PM
Rich a snob? Hardly. Snobs don't usually waste their time worrying about where comma's go and do not go, and they are too wrapped up in their own sense of importance to bother about exclaiming about anything. They are usually tired, jaded, and bored to death. And bored to death is what people are when others start a federal case over puncutation. This is a comment forum not a class in grammar. However, it might help if there were a short note on good manners here - for those who leave them behind once they pick up the editing pen. Get a life Rich, please. Lol. Don't get your knickers in a twist over a comma or two or three, or lack of them. You'll live longer.
billmarykalmar Jun 23rd 2009 8:51PM
Audrey - your, comments, are, well, taken. The, real, story, is, the, jeweler, and, the, tragedy, of, going, out, of, business. The, fascination, Rich, has, with, commas, probably, reverts, back, to, his, childhood, where, his, teacher, failed, to, call, on, him, after, he, corrected, her, for, her, improper, use, of, a, comma. Hopefully, he, will, thrill, us, with, his, explanation, of, question, marks, and, semi-colons. I, await, with, great, expectation!
Rich Benziger Jun 24th 2009 9:23AM
Gabrielle,
I have nothing against the jeweler/artisan. Actually, I had never heard of him until the article. My gripe was with the author of the article. And, you are right, I probably could not afford any of the jeweler's creations. Well, maybe now that he is in Chapter 11. I'd probably have to have the automatic stay lifted, though, and I don't have time to make the proper filings with the Bankruptcy Court.
Rich Benziger Jun 24th 2009 9:30AM
To paraphrase an old newspaper editorial, "Yes, Ginger, I am a Dick."
Harry, thank you for informing me about the "character-limiting" factor. I was not aware of it. Maybe I won't be so critical in the future.
Me a snob? Very, very not so. I did not come from money or other forms of hierachy/prestige. Just a moderately successful Dick.