Antwerp Diamond Bank to shut down
Yet another bank seems set to exit the jewelry industry, as KBC said Friday that the sale of the Antwerp Diamond Bank to Yinren Group has fallen through and it will, according to its agreement with the European Commission, wind down the bank’s activities.
Ex-Cartier exec fires back in trade secrets case
A former Cartier advertising executive being sued for attempted digital theft of trade secrets is asking a federal judge to dismiss the case on grounds that she was permitted to access the data in question and never obtained it anyway.
JCP aims to snag the well-heeled modern bride
J.C. Penney is elevating its line of Modern Bride-branded engagement rings, offering finished pieces as expensive as $10,000 and also now selling loose diamonds on its website for custom creations.
Sarine recognizes Kiran for manufacturing
Diamond manufacturer Kiran Gems has been recognized as the “Fastest Growing Company” by Sarine Technologies, and also nabbed five other awards from the company.
Harry Winston in a high-end state of mind
Harry Winston is unveiling a new advertising campaign featuring both newer and iconic pieces from its high jewelry and bridal collections, all set against the backdrop of the Big Apple.
Appointments: GIA, Tiffany, Kassoy, more
A newly created position at the GIA, a brand ambassador for Jewelers Unblocked and a just-appointed executive vice president at Tiffany & Co. are among the recent career moves in the industry.
David Yurman’s legal row with Sam’s Club could grow
David Yurman has filed a federal lawsuit accusing Sam’s Club of selling its jewelry without authorization and it might take legal action against the retailers that provided the jewelry to Sam’s Club as well, the company said Tuesday.
Amazon moves in-store with POS program
Amazon is carving out its own space in the brick-and-mortar world with the introduction of a new point-of-sale solution for retailers that accepts credit or debit cards through a smartphone or tablet.
Appointments: PDE, GJEPC, Scott Kay
The Panama Diamond Exchange has named Hecliton Santini Henriques, president of Instituto Brasileiro de Gemas e Metais Preciosos (IBGM), and Dr. Luciano Pataro, founder and director of Gold America S.A., as directors of the organization.
Pandora names another new CEO
Danish jewelry brand Pandora announced Thursday that CEO Allan Leighton will step down in March 2015 and be replaced by tobacco company executive Anders Colding Friis.
Kay Jewelers adds another exclusive brand
The chain that has had much success selling Jane Seymour- and Neil Lane-endorsed lines of jewelry is partnering with actress Sofia Vergara, of Modern Family fame, for its latest exclusive line.
Appointments: Pandora, Scott Kay, PDE
Two C-level hires at Scott Kay, a new chief financial officer at Pandora and additions to the Panama Diamond Exchange’s board of directors are among the recent career advancements in the industry.
Pandora: Sales in the Northeast US are lagging
To combat what it says are sluggish sales in the Northeast, Pandora said it will “refresh the network,” starting with the purchase of the Pandora stores owned and operated by Hannoush Jewelers.
Birks CFO won’t relocate, opts to leave company
A recent Securities and Exchange Commission filing by Birks Group Inc. shows that Executive Vice President and Chief Financial Officer Michael Rabinovitch, who has been with the retailer since August 2005, will leave the company in October.
Alliance to manage Mayors’ private label program
Mayors, the chain of stores in Florida and Georgia that’s under the Birks Group Inc. umbrella, just inked a multi-year private label credit card agreement with Alliance Data Systems.
'What Not To Wear' host turns to weddings
Macy’s is launching a new campaign with Clinton Kelly, one of the hosts of TLC’s reality show What Not To Wear, on which he assisted guests deemed in need of a makeover, to lend his expertise and provide resources for brides-to-be.
J.C. Penney expands into Brooklyn, adds new features
In a sign of continued confidence for the company’s turnaround, J.C. Penney announced Tuesday that it would open its first Brooklyn store ever, revamping the fine jewelry and watch departments while it adds other unique features.
What the fastest-growing retailers have in common
New products, innovative thinking and one-of-a-kind customer experiences are three traits the country’s fastest-growing retailers all share, Stores magazine’s annual list of “Hot” retailers shows.
Nordstrom opens new Rack stores on both coasts
New York and California are the latest locations for Nordstrom’s continued focus on its Rack off-price segment, with the retailer opening one in Laguna Niguel, Calif. and another in Staten Island, N.Y.
Target names Pepsi executive as new CEO
Target Inc. announced Thursday morning that Brian Cornell, who most recently headed the global food business for PepsiCo, will be its new CEO and chairman of the board, effective Aug. 12.
Amazon now selling 3-D printed products
Amazon has entered the 3-D printing arena with the launch of its “3D Printed Products” store, a marketplace that gives shoppers access to more than 200 unique, customizable print on-demand products, including jewelry.
Walmart’s US CEO stepping down
Walmart announced Thursday that Greg Foran will be the new president and CEO of Walmart U.S. effective Aug. 9 replacing Bill Simon who is “transitioning out of the company.”
Alex and Ani’s fraud suit allowed to proceed
A federal judge has ruled that a case of “bungled bangle banditry,” in which jewelry brand Alex and Ani is suing BJ’s Wholesale Club and a group of distributors, can move forward.
Harry Winston’s son loses bid to use Winston name
The son of famed diamantaire Harry Winston has lost a 13-year-long court battle to register the name Bruce Winston as a trademark for his own line of high-end jewelry, court papers show.
Appointments: New watches, jewelry head at Sotheby’s
Daryl Wickstrom is now the international managing director of the worldwide jewelry and watch divisions at Sotheby’s, where he will work with the auction house’s specialist teams to expand activity and grow sales in these departments.
Major chain begins selling 3-D printers
The Home Depot has started carrying MakerBot desktop 3-D printers at 12 of its stores across California, Illinois, and New York as part of a new pilot program.
Cartier sues former exec for trade secret theft
Cartier has filed a lawsuit against its former director of off-line advertising, claiming she asked a co-worker to download confidential information about advertising plans and then tried to entice that same employee to follow her to competitor Tiffany & Co.
Alex and Ani named a ‘brand to watch’
Fast-growing jewelry company Alex and Ani has been included in Brand Innovators’ “Made in America: Top 10 Brands to Watch,” a list that spotlights businesses that have established themselves in a demanding consumer marketplace.
Amazon now among top 10 largest retailers in US
Amazon.com has grown to become one of the top 10 largest retailers in the country, according to Stores Media’s annual list of the biggest 100 retailers by sales. Read on to find out what specialty jeweler made the list for the first time.
Zale CEO resigns in post-merger shakeup
Zale President and CEO Theo Killion has resigned from his position effective July 31, one of a number of changes to Signet and Zale's executive teams in the wake of the merger of the two mall giants.
Coach to focus on retail outlet division
As it struggles to compete with fast-growing rivals, Coach Inc. will close a number of full-line stores next year and revamp the brand’s outlet business, the company said during its recent analyst and investor day.
Chopard saying little about US CEO’s departure
Chopard confirmed that Marc Hruschka, who has served as president and CEO of Chopard USA Ltd. since 2006, has left the company but did not provide further information on its search for a successor or who will be leading the U.S. business in the meantime.
ShopHQ CEO resigns, replaced by former HSN CEO
ValueVision Media, the parent company of ShopHQ (formerly ShopNBC), named Mark Bozek as its new CEO, effective immediately. He succeeds Keith Stewart, who resigned as CEO and as a director of the company.
Chow Tai Fook to acquire Hearts on Fire for $150M
Chow Tai Fook Jewellery Group Ltd. announced Wednesday that it plans to buy Boston-based Hearts on Fire for $150 million, giving Hearts on Fire a foothold in the Chinese market and the Hong Kong-based retailer and manufacturer an exclusive, premium diamond brand.
For customers, retailer partners with Paparazzi
Robbins Brothers is teaming up with Paparazzi Proposals, a company that specializes in planning and surreptitiously photographing proposals, to offer its customers the chance to plan and document the act of popping the question from start to finish.
WJA announces 2014 Hall of Fame honorees
The Women’s Jewelry Association will honor the American Gem Society’s Ruth Batson, David Bonaparte of Jewelers of America and the Richline Group at its 2014 Awards for Excellence gala.
In NYC, Buccellati opening its biggest store yet
Italian jewelry brand Buccellati will introduce a new store concept when it moves to different location in New York City this fall, taking over the space recently vacated by Mauboussin.
Mauboussin closes store, appoints new CEO in US
French brand Mauboussin has shuttered the Madison Avenue boutique it opened in 2008 and appointed new leadership for the North American market, with plans to open in a smaller space in New York later this year.
Zale shareholders approve merger with Signet
The country’s two biggest specialty jewelers now are one. After weeks of defending the deal, Zale Corp. notched a huge victory Thursday when its shareholders voted in favor of combining the retailer with rival Signet Jewelers Ltd.
Zale ‘sets the record straight’ on Signet deal
TIG Advisors LLC are “short-term opportunists” who are spreading inaccurate information about the proposed Signet-Zale merger and misrepresenting the facts, Zale Corp. has said in a letter designed to “set the record straight” regarding the deal.
Signet closes $400M offering to help fund Zale buy
Signet Jewelers Ltd. announced Monday that its finance arm has completed an offering of $400 million in senior notes and will use the proceeds to help fund its proposed acquisition of Zale Corp.
Zale in tug of war with TIG over Signet merger
Zale Corp. is locked in a back-and-forth battle with TIG Advisors, which again urged the company’s shareholders to vote against the proposed acquisition of Zale by rival Signet Jewelers Ltd.
EEOC appeals ruling in Sterling Jewelers case
The Equal Employment Opportunity Commission is appealing a federal judge’s dismissal of its lawsuit charging Sterling Jewelers Inc. with nationwide gender discrimination, alleging the chain paid female employees less and passed them over for promotions.
Following strong Q1, Pandora raises guidance
Pandora experienced a 30 percent jump in sales in the first quarter and is continuing to shift its focus away from independent retailers as it opens more and more concept stores.
Chopard enters hotel business in Paris
Chopard announced Friday that it has purchased Union Hôtelière Parisienne, the company that owns the luxury five-star Hôtel de Vendôme in Paris.
Amazon adds Sunday delivery in 15 more cities
Amazon Inc. announced Thursday that it has expanded its Sunday delivery, which is done through the U.S. Postal Service, beyond Los Angeles and New York to a number of new markets.
Kering creates fine jewelry, watch division
As part of its continued emphasis on high-end brands, luxury goods conglomerate Kering has announced that it is reorganizing and giving fine jewelry and watches its own division.
Target CEO, chairman resigns
Gregg Steinhafel has stepped down as CEO and chairman of the board at Target Corp., the latest fallout from the massive cyber attack that continues to plague the retailer.
Kay releases Derby-themed jewels ahead of race
Kay Jewelers has launched a Kentucky Derby-themed collection of charms and bracelets to commemorate the race, which is scheduled to take place this weekend at Churchill Downs in Louisville.
Sterling loses bid to protect its ‘Hearts Desire’
The Trademark Trial and Appeal Board has shot down Sterling Jewelers’ objection to the registration of a trademark the retailer claimed could cause confusion with “Hearts Desire,” a line of ideal-cut diamonds sold at Jared.
Harry Winston donates $1M to hospital
Harry Winston Inc. has made a $1 million gift to the UCLA Children’s Discovery and Innovation Institute to create the Harry Winston Fellowship Fund.
Kay giving customers chance to tour Argyle mine
Kay Jewelers has launched a contest that gives customers the chance to win prizes from its “Shades of Wonder” colored diamond collection and a trip to Australia that would include a tour of the Argyle diamond mine.
Signet-Zale deal cleared to proceed
The proposed merger of the country’s two largest specialty jewelers hasn’t raised any anti-trust red flags with U.S. authorities so far.
Neiman Marcus moves to omnichannel structure
Neiman Marcus Group Inc. announced changes on Wednesday that will merge the company’s online and store merchandising and planning teams into a single organization and create omnichannel responsibilities for them.
Jeweler named Emerging Retailer of the Year
Kalyan Jewellers, which has stores in India and the United Arab Emirates, has been recognized with the Emerging Retailer of the Year Award from the Economic Times for “aggressively building a pan-India operations despite a slowing market.”
Blue Nile collaborates for more designer offerings
After seeing success with its first partnership with a designer, online retailer Blue Nile will showcase a select number of established and emerging brands through its new “Designer Collective.”
DiModolo CEO cashes in on Viber sale
A jewelry industry CEO who was a partner in the messaging application Viber has been making headlines after the app sold for $900 million, and now says he plans to pour some of that money into his jewelry brand.
Tiffany’s longtime CFO to retire this summer
Tiffany & Co. announced Wednesday that the company’s Chief Financial Officer and Chief Operating Officer James Fernandez, who has been with the company for 30 years, will retire in July.
Circa buys online seller of pre-owned luxury goods
Circa, a New York-based buyer of fine jewelry and watches, said Thursday that it has acquired Portero.com, an online retailer of authenticated, previously owned luxury items including fine jewelry.
Seeing stripes: Swatch files suit over zebra design
Swiss watch giant Swatch Group has slapped Target with a trade dress infringement lawsuit claiming the retailer is selling watches that are inferior copies of its “zebra” and “multicolor” plastic Swatch watches.
Federal judge dismisses EEOC case vs. Sterling
A New York federal judge has thrown out the Equal Employment Opportunity Commission’s claim that Sterling Jewelers Inc. engaged in a nationwide practice of paying its female employees less and passing them over for promotions.
Pandora board chairman resigning
Due to “other professional commitments,” Pandora’s Chairman of the Board Marcello Bottoli will step down as soon as a successor is found, the jewelry company announced Monday.
Tech tidbits: MJSA, Omi Privé, more
Web site upgrades for MJSA, colored gemstone company Omi Privé and insurance company Jewelers Unblocked are among the industry players to debut new websites recently.
Buffett to again don sales hat at Borsheims
Once again, investing magnate and Berkshire Hathaway Chairman Warren Buffett will step behind the Borsheims counter to sell jewelry to shareholders of his company.
Who in jewelry is a billionaire?
The Oppenheimer family and diamantaire Laurence Graff still rank among the world’s richest while the founder of Firestar Diamond is a “new billionaire,” according to Forbes’ annual list of the world’s wealthiest people, which was released this week.
Pandora takes over Middle East distribution
Pandora will now distribute its own jewelry in the United Arab Emirates, Bahrain, Qatar and Oman after acquiring 100 percent of Pan ME A/S, the company that distributes the brand’s products there.
Effy launches bridal line at Macy’s
Jewelry brand Effy is introducing its first bridal collection and will launch the line for spring 2014 at Macy’s, selling both in store and online on Macy’s and Effy’s websites.
Appointments: Tiffany names new creative agency
Ogilvy & Mather Worldwide is now the global marketing communications partner for Tiffany & Co. and will complement the retailer’s international marketing capabilities with brand positioning and ad support.
Signet-Zale: The culmination of consolidation
National Jeweler analyzes the price tag on the $1.4 billion deal between Signet Jewelers and Zale Corp., what it means for the jewelry industry as a whole and what the real “pickup” of the acquisition is for Signet.
Signet acquiring Zale in $1.4B deal
Signet Jewelers Ltd. and Zale Corp. announced Wednesday morning that Signet, parent company of Sterling Jewelers, is acquiring Zale in a deal valued at $1.4 billion.
Signet gives CEO Barnes a long-term contract
Signet Jewelers Ltd., the largest specialty jeweler in the world, has given its CEO a long-term contract, a recent 8-K filing with the Securities and Exchange Commission shows.
Where in the country are hearts on fire?
San Antonio, Texas and Seattle top Amazon.com’s annual list of the 20 most romantic cities in the United States, an annual inventory of the metropolitan areas where residents ordered the most love-related books, movies and music over the past year.
Appointments: RJC searching for CEO
The Responsible Jewellery Council is on the hunt for a new CEO who will provide strategic vision and leadership for the next chapter of the organization’s development.
In Tiffany vs. Costco, the battle’s just begun
The judge’s latest ruling in its battle with Costco likely left Tiffany feeling a little blue. But the legal battle between these two retail giants over the term “Tiffany” in relation to engagement ring settings is still in its early stages, and no one side has a clear advantage.
Investment firm acquires Robbins Bros
California retailer Robbins Brothers confirmed last week that the company has been sold to private equity firm Comvest Investment Partners.
Target laying off nearly 500 workers
Target Corp. confirmed Wednesday that it is letting 475 workers go, and news reports state it will leave another 700 open positions unfilled.
Coming soon: Tiffany & Co., the movie
The name Tiffany & Co. has been immortalized by Truman Capote and Audrey Hepburn, sung by Marilyn Monroe and had its jewelry worn by party guests of the great Gatsby. Now, the iconic New York jeweler gets to tell its own story on the big screen.
Company launches skin-protecting ‘smart’ bracelet
In one of the latest developments in the “wearable technology” arena, technology company Netatmo has introduced a so-called “smart bracelet” that monitors the wearer’s sun exposure and gives skin care advice.
40M could be impacted by Target data breach
It couldn’t have come at a worse time. Target Corp.
confirmed Thursday that there was unauthorized access to the credit and
debit card data of shoppers who made purchases in its
U.S. stores over the past month.
Barneys to open new flagship in 2017
Luxury retailer Barneys New York will open a store on Seventh Avenue in Manhattan’s Chelsea neighborhood three years from now, marking the company’s return to the neighborhood where it got its start.
Macy’s stores to stay open all night until Dec. 24
More than 30 Macy’s stores in cities across the country will stay open 24 hours a day for four days in a row, beginning this Friday and continuing until Christmas Eve, the retailer announced Wednesday.
Calif. jeweler acquires gold mine
Jewelry manufacturer and retailer The Jewelry Exchange has completed its purchase of the Gold-Stone mine in Southern California.
Marie Claire costume line launches at Macy’s NYC
The Chic collection from Marie Claire Jewelry has launched in Macy’s Herald Square store in New York, which is the department store’s flagship location and also is advertised as the largest store in the world.
Macy’s to launch Latino-focused brand, jewelry
Macy’s will introduce a clothing and jewelry brand aimed at Latino women in spring 2015, though the retail giant said there’s no word on whether the jewelry will be fine or fashion.
Samuels Jewelers opening three new stores
Samuels Jewelers Inc. will open new locations in Texas and Ohio during the holiday shopping season, as well as remodel three existing stores, the company announced recently.
Walmart CEO to retire in early 2014
Walmart Stores Inc. announced Monday that Mike Duke, its president and CEO, will retire and be replaced by the head of the retailer’s international division, Doug McMillon.
Diamond studs listed among Kohl’s Black Friday deals
Kohl’s Department Stores is offering 70 percent off a pair of diamond solitaire earrings as one of its deals on Black Friday, which technically begins when the retailer opens its doors Thanksgiving night.
‘Fashionistas’ pick rings for Robbins Brothers
Retailer Robbins Brothers has revealed the eight engagement rings highlighted in its second annual “Fashionista Ring Reviews,” a selection of the best in bridal curated especially for the retailer by fashion writers.
De Beers stores offering custom ring service
De Beers Diamond Jewellers, the chain of stores the diamond miner and marketer operates in conjunction with LVMH Moët Hennessy Louis Vuitton, now is giving customers the chance to design their own engagement rings in store via an iPad.
Hearts on Fire opens store in PA, closes in NJ
Hearts on Fire announced Tuesday that it opened the second of its new
concept retail stores in Philadelphia while also confirming that it has
shuttered its first U.S. retail location, the boutique located in the
Borgata hotel in Atlantic City, N.J.
Christmas Book offers $2M diamond experience
An “Ultimate Diamond Experience” with Forevermark toting a price tag of
nearly $2 million is among the “Fantasy Gifts” listed in Neiman Marcus’
2013 Christmas Book, a catalog of holiday-ready luxury items that
include the extremely lavish and extravagant.
Appointments: Tourneau names new CEO
Ira Melnitsky has been appointed CEO of Tourneau, succeeding James Seuss
who left the company last year to serve as CEO and global president of