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Despite sales growth in Canada and Latin America, weak tourist spending in the United States resulted in a poor third quarter in the Americas for Tiffany & Co.
Walmart and Target both reported a 2 percent rise while T.J. Maxx’s parent company saw same-store gain of 3 percent, with the chains attributing marked traffic growth and positive customer experiences for the performances.
The Danish brand announced Tuesday that it has dropped 116 more mostly-U.S.-based retailers from its distribution network in the Americas.
The category continues to increase in importance for the luxury goods conglomerate, which saw sales at Cartier, Van Cleef and Giampiero Bodino grow 18 percent in the first half of the year.
CEO Harvey Kanter said the company’s first standalone brick-and-mortar location is “exceeding expectations” and they plan to get additional stores open in the first half of 2016.
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.
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