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EXHIBIT 16.1

May 11, 2007

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549-7561

Dear Sirs/Madams:

We have read Item 4.01, as revised, of Finlay Fine Jewelry Corporation Form 8-K/A dated April 27, 2007, and have the following comments:

1. We agree with the statements made in Item 4.01(A)(i), (ii), (ii)(a), (ii)(b), (iii), (iv) and (vi).

2. We have no basis on which to agree or disagree with the statements made in Item 4.01(A)(v), Item 4.01(B)(i) and (ii) and Item 4.01(C)(i), (ii), (iii), (iv), (v), (vi) and (vii).

Yours truly,

/s/ Deloitte & Touche LLP