National Jeweler Network

Market Developments

04/22/14

Nordstrom relocates full-line store, adds 2 Racks

Over the past few weeks, Nordstrom has made a number of announcements regarding new locations for both full-line stores as well as its off-price division, Nordstrom Rack. 

04/21/14

Another chain taps into the LGBT wedding market

Rogers & Hollands has added bridal jewelry designed for the lesbian, gay, bisexual and transgender, or LGBT, community to the inventory of two Chicago-area stores. 

04/18/14

Date set for shareholder vote on Signet-Zale deal

Zale Corp. announced late Thursday that its shareholders will vote on the company’s proposed acquisition by Signet Jewelers Ltd. at a special meeting scheduled for May 29. 

04/17/14

When it comes to reputation, Rolex takes the crown

Consumers rank Rolex as one of the most reputable companies in the world, placing it alongside brands such as Disney, Google and BMW, one institute’s recent study shows. 

04/16/14

Kohl’s aims to harness the power of ‘Yes’

Department store chain Kohl’s is embracing the philosophy of saying “yes” with a new brand campaign that launched this month. 

04/14/14

Appointments: Tiffany’s general counsel retires

Patrick Dorsey, who has been the general counsel and secretary at Tiffany & Co. for the past 29 years, is retiring. His last day will be May 22. 

04/14/14

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.  

04/14/14

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. 

04/08/14

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. 

04/07/14

David Yurman opens new boutique in Orlando

Popular jewelry brand David Yurman opened a new boutique in Orlando, Fla. on April 3 at The Mall at Millenia. 

04/07/14

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.

04/03/14

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. 

04/01/14

Appointments: Macy’s names new president

Jeffrey Gennette, who spent the past five years as chief merchandising officer at Macy’s, has been named president of the corporation. 

03/26/14

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.” 

03/25/14

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.” 

03/21/14

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. 

03/20/14

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. 

03/19/14

Appointments: Signet Jewelers appoints treasurer

Signet Jewelers Ltd. has promoted Denise Shaffer to the newly created role of treasurer, the company announced Tuesday. 

03/18/14

Jacob now back at the helm of Jacob & Co.

Chris Del Gatto has resigned as global CEO of Jacob & Co. to start a jewelry buying company, leaving Jacob Arabo to head his eponymous company. 

03/14/14

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.  

03/13/14

Nordstrom takes off-price to The Last Frontier

Nordstrom announced Wednesday that it is expanding its off-price Nordstrom Rack division into Anchorage, Alaska next year. 

03/12/14

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.

03/12/14

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.

03/11/14

Retail chain Riddle’s buys Black Hills Gold co.

Retailer Riddle’s Jewelry announced that it has acquired gold manufacturer Landstrom’s wholesale and manufacturing division. 

03/10/14

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.  

03/10/14

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.

03/06/14

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.

03/06/14

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.

03/03/14

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.

02/27/14

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.

02/25/14

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.

02/20/14

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.

02/19/14

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.

02/13/14

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.

02/13/14

As others lay off, Amazon to hire thousands

Internet retail giant Amazon.com announced Wednesday that it is looking to hire 2,500 new full-time employees to staff the company’s U.S. fulfillment centers. 

02/12/14

Appointments: Freeman’s, Fruchtman Marketing, more

Freeman’s Auctioneers has named Michael Larsen as the head of the Fine Jewelry & Watches department. 

02/06/14

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.

02/03/14

Fred Leighton goes online with Net-a-Porter

Jewelry brand Fred Leighton is making its first move into e-commerce, selling on luxury retail website Net-a-Porter.  

02/03/14

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. 

01/30/14

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.

01/30/14

Target opening more stores in Canada

Target Corp. is continuing its expansion into Canada with the opening of nine more stores in five provinces over the course of 2014. 

01/28/14

Saks launching in Canada with Toronto stores

Hudson’s Bay Company announced Monday that Saks Fifth Avenue will officially enter the Canadian market with the opening of two stores in Toronto. 

01/27/14

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. 

01/22/14

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.  

01/16/14

Appointments: World Gold Council promotes Morrison

Sally Morrison has been named managing director of jewelry for the World Gold Council and now will be responsible for the organization’s jewelry operations worldwide. 

01/15/14

JC Penney closing 33 stores, laying off 2K

In an effort to cut costs and “adjust its national footprint,” J.C. Penney announced Thursday that it is closing stores and laying off thousands of workers.

01/13/14

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. 

01/10/14

71-year-old store employee foils robbery attempt

Thanks to an act of quick thinking, a Helzberg Diamonds store employee who also happens to be a septuagenarian was able to put a stop to an armed robbery attempt Tuesday evening.

01/09/14

Appointments: Blue Nile executive resigns

Dwight Gaston, senior vice president of operations at Blue Nile Inc., is stepping down, effective July 2.

01/07/14

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.

12/20/13

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.

12/20/13

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.

12/19/13

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.

12/17/13

David Yurman moves into Canadian market

Popular jewelry brand David Yurman opened its first boutique in Canada on Dec. 12, at Toronto’s Yorkdale Shopping Center.

12/13/13

Appointments: Hearts on Fire, MJSA, more

A promotion at Hearts on Fire, a visual coordinator at Day’s Jewelers and a specialist at Bonhams are among the recent career moves in the industry.

12/12/13

Calif. jeweler acquires gold mine

Jewelry manufacturer and retailer The Jewelry Exchange has completed its purchase of the Gold-Stone mine in Southern California. 

12/09/13

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.

12/06/13

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.

12/06/13

Kohl’s to open 24 hours a day beginning Dec. 20

Kohl’s Department Stores is upping the competition ante this holiday season by announcing that it will keep its doors open for more than 100 hours straight in late December. 

12/03/13

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.

11/26/13

Judith Ripka, Swarovski launch new line for QVC

Designer Judith Ripka has teamed with Swarovski to create a new line of sterling silver and cubic zirconia jewelry for multimedia retailer QVC.

11/25/13

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.

11/19/13

Appointments: Tiffany’s CFO steps down

Patrick F. McGuiness has resigned as chief financial officer of Tiffany & Co., effective Nov. 27.

11/12/13

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. 

11/08/13

‘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. 

11/07/13

Appointments: Former Lieberfarb CEO starts own firm

Ann Arnold has resigned from her position as CEO of bridal jewelry company Lieberfarb to start the Arnold Advisory Group (AAG), a consultancy business. 

11/05/13

Target sets opening dates for more Canadian stores

Target Corp. will hit its goal of having 124 stores in Canada by the end of the year, with its remaining 33 stores in the country set to open by Nov. 22 at the latest.

11/01/13

Bea Spiech retiring from Macy’s in 2014

A Macy’s Inc. spokesperson confirmed Friday that jewelry executive Bea Spiech will retire next year after more than 40 years with the retailer. 

10/31/13

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.
 

10/17/13

Maison Birks opening first international store

Newly rebranded Canadian jewelry chain Maison Birks will open its first location outside of North America in Beijing, the capital of China, the company announced Thursday. 

10/16/13

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. 

10/14/13

Tiffany, Swatch watch contract officially severed

Tiffany & Co. is on the hunt for another company to handle its watch business following the official termination of its agreement with the Swatch Group Ltd. 

10/10/13

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. 

10/10/13

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 Hunter Boots.