The Hong Kong Trade Development Council (HKTDC), organizer of a number of jewelry and watch trade shows, plans to hold two meetings in the United States this summer for companies interested in doing business in Asia.
Luxury goods conglomerate PPR has acquired a majority stake in Pomellato and expects the deal to be finalized in the coming weeks following the approval of competition authorities, the company announced.
Bjørn Gulden, who has been CEO of Pandora for little more than a year, is resigning to head sportswear company Puma, effective July 1. Pandora has tapped Allan Leighton, the current chairman of the company, as his replacement.
Indications are that Pomellato will end up in the hands of one of the world’s big luxury conglomerates in the near future, though it is unclear which company will place the winning bid for the Milan-based jewelry brand.
Harry Winston Diamond Corp. announced on Thursday that it has received all required regulatory approvals to the proposed sale of its luxury brand diamond jewelry and timepiece division to the Swatch Group.
Families who own the world’s largest luxury goods companies along with diamond magnates such as the Oppenheimer family and Laurence Graff are among those who made Forbes annual list of The World’s Billionaires.
Tiffany & Co. claims in a new lawsuit that Costco Wholesale Corp. has been selling diamond engagement rings falsely identified as “Tiffany” for years, and now the New York-based jeweler wants pay back.
Reader Connect Supplier information presented with every article, bringing you related, actionable content on every topic.
Yellow Pages A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
Customer Connect The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.
- Advertisement -
Fine Jewelry Trade Shows
Precious Metals Market & Events
Roughly 40 large high-volume fine jewelry retailers account for half of the annual U.S. sales of fine jewelry. Subcategories of this segment include discounters, departments stores, online channel retailers, TV shopping networks, shopping clubs and jewelry-specific chains. Because many of these companies operate large numbers of retail shopping units nationwide, following developments within this market is crucial to all retailers of fine jewelry, many of which focus on a single, local market. When one of these companies closes or opens locations, for example, it adds an additional layer to local market operations. Going out of business sales can temporarily increase supply for certain products within a local or regional market, and jewelers need news and information covering these developments to plan accordingly. Large jewelers can also play a significant role in how jewelry trade shows are produced and operated. Suppliers that cater to these companies often have a limited number of clients but a real need for multiple touch points for servicing them. National Jeweler supplies such jewelry industry information, including market research to aid our readers in making informed decisions when strategically planning operations within their markets. Many jewelers were seriously impacted, for example, when several companies operating now-defunct retail models went bankruptcy and liquidated merchandise. While local jewelers ultimately benefited from the reduced retail presence in their markets, the temporary glut of product available to consumers at low prices needed to be accounted for in inventory choices and financial planning. Jewelers are similarly affected by rising commodity costs. And National Jeweler consistently reports on news within the precious metals markets as it affects our readers both as buyers and sellers of precious metals.