Regent alumnus 2005 Hampton Roads Small Business of the Year

VIRGINIA BEACH, Va.— David Nygaard Fine Jewelers has been named the overall 2005 Hampton Roads Small Business of the Year by the Small Business Development Center of the Hampton Roads Chamber of Commerce. David Nygaard (BUS '03), a Regent alumnus also had his business named 2005 Virginia Beach Small Business of the Year. All competing businesses were evaluated on their performance, innovativeness, quality and leadership.

During his acceptance speech, Nygaard thanked Regent's School of Business for his company's winning business model. In 1998, he bought out his mother's jewelry shop and re-branded the company, refocusing its business on fine jewelry and diamonds. Key to his business strategy is the full-service teams he has at each location.

"Our main goal is to understand what our clients are aspiring to become or achieve with our product and what it will take to get them there," Nygaard said. "We want to be able to provide a bit of luxury for everyone."

Nygaard's business now has four locations with two more opening soon, 24 full-time employees and pulls in increasing revenue every year. In addition to being the area's exclusive Hearts on Fire diamond retailer, Nygaard and company have also created their own designer line of diamonds and Swiss watches. Their mission is to transform the way people feel about themselves and their important relationships, with jewelry as a primary tool.

A few years ago, Nygaard, one of only a dozen people nationwide who hold both certified gemologist and master gem appraiser titles, was named as one of the top 40 Hampton Roads business people under 40 years old. Nygaard's business has also been ranked the No. 7 best place to work in Hampton Roads by Inside Business this year.

Nygaard takes great pride in the attention to detail required by his profession and the opportunity to impact his customers with a lifelong investment. Nygaard and his wife, Jan have six children and reside in Virginia Beach, Va.


Regent University was founded as the nation's preeminent Christian graduate university. Today, Regent offers bachelor's, master's and doctoral degrees from a Judeo-Christian perspective. With a commitment to academic excellence and innovation, the university prepares its students to become leaders to change the world.

Twenty-eight graduate degree programs are offered on the Virginia Beach campus, and 13 are being offered at the Washington, D.C. campus. Students may also pursue more than 20 programs online. The eight graduate fields of study offered at Regent University include business, communication and the arts, psychology and counseling, education, government, law, organizational leadership and divinity, which also offers a Ph.D. degree in Renewal Studies.

In addition, Regent now offers undergraduate degrees online—and on our campuses in Virginia Beach and Washington, D.C.—including a B.A. in Communication, a B.S. in Organizational Leadership & Management, a B.S. in Psychology, and a B.A. in Religious Studies.

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