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Blue Nile Inc. reported solid second quarter results Friday, with total sales increasing 7 percent year-over-year as falling diamond prices boosted engagement ring sales.
The Paris-based luxury goods conglomerate reported Tuesday that its Watches & Jewelry division saw sales increase by double digits in the first half of the year, led by Bulgari.
Birks Group reported that U.S. same-store sales were up 19 percent in its fiscal year ended March 28, due to an increase in average transaction price and the success of the company’s watch strategy.
Same-store sales increased 4 percent in the retailer’s fiscal first quarter, with both bridal and diamond fashion jewelry performing particularly well.
Movado Group soon will be entering the world of wearables and, like a number of other watch companies, has been raising prices recently.
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.