Financial Reporting

Profits soar for Swatch Group

Operating profit and net income both increased by double-digit percentages for Swatch Group in 2011, the company reported Tuesday.

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Sales climb 16% in 2011 for LVMH

LVMH Moët Hennessy Louis Vuitton recorded another strong year, with sales up 16 percent and profits surpassing the $5 billion mark for the first time, the luxury goods conglomerate reported Thursday.

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Q4 sales rise 35% to $17B for Amazon

Amazon.com Inc. reported that its net sales increased 35 percent in the fourth quarter while net income fell 58 percent.

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Market Developments

Appointments: J.C. Penney, Antiquorum, more

Chain retailers Target and J.C. Penney have announced changes withihn their executive ranks while Antiquorum has a new director for its auctions in New York. These are among the career moves in the jewelry industry as of late.

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Gesswein opens larger headquarters in Conn.

Gesswein, a supplier of tools, equipment and supplies for metalworking industries, has announced the opening of the company’s new headquarters here.

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Advertisers drool at approach of Super Bowl

When the New York Giants take the field against the New England Patriots on Feb. 5, some 173 million people will be watching, up from 171 million last year, the NRF’s annual Super Bowl survey shows.

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Public Policy & Issues

Guide to weighing technology and regulation

Precision measurement instrument authority Urs Wolfensberger outlines technological advancements in jewelry scales and regulation affecting their use.

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SEC concludes investigation of Bidz.com

Following a four-year investigation, the Securities and Exchange Commission has decided not to take any action against Bidz.com, the company announced on Monday.

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Helzberg bears raise $450K for Make-A-Wish

Helzberg Diamonds announced that the sale of its “I Am Loved” bears have raised more than $450,000 for the Make-A-Wish Foundation over the past two years.

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eCommerce Developments

IDEX Online: 2011 online spending +13%

Online retail spending reached $49.7 billion for the fourth quarter of 2011, an increase of 14 percent year-over-year, reports digital tracker comScore, Inc.

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Hamilton Jewelers, A. Jaffe name contest winners

A winning couple has been chosen for Hamilton Jewelers and A. Jaffe’s “How She Said Yes” contest and will soon be the owners of A. Jaffe wedding bands.

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Amazon offering VIPs 20% off jewelry for Valentine's

In an apparent attempt to lure Valentine’s Day gift buyers, Amazon.com is offering its VIPs a special offer on select jewelry and watches through the first half of the month.

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