Lugano Jewelry completed a management-backed sale in which private investment firm Middle West Partners acquired the luxury jewelry company alongside a group of longtime Lugano clients who invested.
The transaction became effective September 30, 2026, after Lugano completed its reorganization. Lugano said the sale and reorganization together provide a stronger financial and operational foundation as the company pursues long-term growth.
Middle West Partners is adding Lugano to its growing portfolio of American luxury brands. The investment firm highlighted Lugano’s established position in the luxury diamond jewelry market, loyal high-net-worth client base, and personalized approach to customer relationships as key strengths supporting its investment.
Alongside the ownership change, Lugano formally appointed Josh Gaynor as Chief Executive Officer and named him to the company’s Board of Directors. Gaynor had been serving as interim CEO and previously held senior positions at Bottega Veneta and Fendi before most recently leading high jewelry for Bulgari North America.
Under Gaynor’s leadership, Lugano said it has continued to experience demand across its offerings while strengthening relationships with longstanding clients, attracting new customers, and expanding the reach of the brand.
Lugano will maintain its existing operations following the transaction. Its jewelry will continue to be handcrafted at the company’s Newport Beach, California workshop, while its four boutiques in Newport Beach, Aspen, Ocala, and Miami will remain open. The company also operates a traveling boutique serving the equestrian circuit.
Lugano specializes in one-of-a-kind luxury jewelry created around gemstones and emphasizes personalized client service, craftsmanship, philanthropy, and community involvement. Under its new ownership structure, the company plans to retain these elements while pursuing sustainable growth and broader opportunities across the luxury market.
KEY QUOTES:
“This is a defining moment for Lugano and one that wouldn’t have been possible without the extraordinary commitment of our team and the loyalty of our clients and partners. Together with our new ownership group, we have an exciting opportunity to build upon our client relationships, reinforce our values, and continue raising the bar for the creativity, craftsmanship, and personal service that define our brand. I am incredibly proud of what our team has accomplished and energized by what we can build together from here.”
Josh Gaynor, Chief Executive Officer Of Lugano
“Lugano has earned a distinctive position in the luxury jewelry market by cultivating deep, personal relationships with its clients in key U.S. markets. Its loyal client base, talented team, and exceptional jewelry provide a strong foundation for continued growth. We are excited to support Lugano through this transition, maintain the strength and continuity of its key management team, and further leverage Josh’s expertise in the luxury jewelry sector. We have tremendous confidence in Lugano’s long-term potential and look forward to supporting its next chapter.”
Kevin Kelleher, Co-Founder Of Middle West Partners
