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In the Americas, the network shrunk by more than 50 percent, including 200 Jared stores that were converted into shop-in-shops.
Bulgari’s black ceramic Serpenti Spiga with 18-karat rose gold touches ($10,500). The Italian brand was one of LVMH’s top performing watch and jewelry brands in 2016.
But the CEO of the luxury conglomerate has warned employees to be cautious and “very vigilant” in the year ahead due to geopolitical instability worldwide.
Gold price predictions for the year, as well as expectations for the upcoming gem shows in the desert, were two of the top stories on National Jeweler last week.
While Birks Group turned in a strong performance, Tiffany’s Trump Tower woes brought down sales.
November-December comps were down 5 percent for the company that owns Kay Jewelers and Zales.
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, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.