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In the first six months of 2016, rough diamond sales increased 11 percent year-over-year to $3.1 billion for De Beers, while total sales were up 32 percent to $2.2 billion for rival Alrosa.
The diamond miners also saw increased profits, though production levels remain down as both companies look to control costs.
The strong performance of Bulgari watches and jewelry plus TAG Heuer’s smartwatch helped drive a decent first half for LVMH.
The maker of watches including Tissot and Omega reported an 11 percent drop in sales and a 52 percent decline in net income in the first half of the year.
Tiffany & Co. has enlisted handbag designer Reed Krakoff to overhaul the look of its gifts, home and accessories division. It’s the latest initiative the retailer has announced in the face of slow jewelry sales.
It’s the latest initiative the retailer has announced in the face of slow jewelry sales.
Customer orders in the United States were up more than 50 percent compared with last year’s event.
Customer orders in the United States were up more than 50 percent compared with last year’s event.
The jewelry design company has launched 15 platinum bridal styles this month.
The company said U.S. comps were up 1 percent in its latest fiscal full year due to a higher average sales transaction and the success of its timepiece strategy.
The e-tailer slowly is getting rid of “list” prices, which indicate the original price and the discount a shopper gets, to displaying only the cost to buy.
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter and quarterly digital magazine. National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.
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