November 2013

Tender of large rough nets Lucara $23M

 Mining company Lucara Diamond Corp.’s latest exceptional stone tender brought in $22.9 million for the company, or $20,280 per carat.Vancouver, British Columbia--Mining company Lucara Diamond Co read more..

Movado’s Q3 sales climb 18 percent

Movado Group Inc. reported Tuesday that third quarter sales increased 18 percent year-over-year, led by growth in the accessible luxury and licensed brand categories. Paramus, N.J.--Movado Group ... read more..

AMA jewelry sparkles in L.A.

Once again, diamonds reigned supreme at an awards show, adorning celebrities’ fingers, wrists and ears though not necessarily their necks.The 2013 American Music Awards, held Sunday at the Nokia Theat... read more..

51-carat fancy vivid yellow to lead Sotheby’s sale

A 51.75-carat fancy vivid yellow diamond flanked by two 6.15-carat triangle-shaped diamonds set in a platinum ring is expected to sell for as much as $3.5 million at Sotheby’s Dec. 11 auction.New York... read more..

Georgia jewelers, Crime Stoppers form partnership

The Georgia Jewelers Association (GJA) has partnered with Crime Stoppers of Greater Atlanta to offer rewards for information leading to the arrest and indictment of people committing crimes against th... read more..

Retailer Talk: Two tools that changed my year

Michigan retailer Randy Cole attended a trade show earlier this year where he found two products that, he says, changed his entire business model. One is a patented princess-cut diamond and the other ... read more..

Comps up 4 percent, color ‘hot’ at Sterling

Sterling Jewelers Inc. reported Tuesday that same-store sales increased 4 percent in the third quarter, led by strength in sales of colored diamond jewelry, bridal and watches.Akron, Ohio--Sterling Je... read more..

Tiffany’s comps in the Americas up only 1 percent

Tiffany & Co. reported Tuesday that same-store sales in the Americas rose 1 percent in the third quarter, with the growth attributable to sales at the company’s flagship store in New York City. Ne... read more..

Zale records 12th quarter of positive comps

Same-store sales grew in Zale Corp.’s fiscal first quarter, driven by strong sales at the company’s Zales- and Peoples-branded stores and of both bridal and core fashion jewelry.Dallas--Same-store sal... read more..

Judith Ripka, Swarovski launch new line for QVC

New York--Designer Judith Ripka has teamed with Swarovski to create a new line of sterling silver and cubic zirconia jewelry for multimedia retailer QVC. Eight pieces from the Judith Ripka “Double Br... read more..

Blue Nile banking on big deals this holiday season

Blue Nile will offer its largest discounts ever on diamond jewelry this holiday season, the 14-year-old company announced this week.Seattle--Blue Nile will offer its largest discounts ever on diamond ... read more..

Appraisal conference in Tucson slated for Feb. 2-3

The National Association of Jewelry Appraisers (NAJA) has announced the lineup for its 41st annual Winter ACE It Education Conference, to be held in Tucson on Feb. 2 and 3.Tucson, Ariz.--The National ... read more..

KP recognizes that Cote d’Ivoire is compliant

Though there is no new definition for conflict, members of the Kimberley Process did pave the way for one nation to get back into the diamond trade at last week’s plenary in Johannesburg.Johannesburg-... read more..

Jostens buys owner of ArtCarved, Keepsake brands

Yearbook and commemorative ring company Jostens Inc. announced Tuesday that it will acquire American Achievement, which also creates class rings as well as bridal and family jewelry.Minneapolis--Yearb... read more..

Watch industry vet takes on his last race

A watch industry veteran who is also a former running aficionado participated in his final race Saturday, officially closing a chapter in his life dedicated to one of his greatest passions.Manasquan, ... read more..

9 questions with Jay Jackson

On Dec. 27, Jay Jackson will retire as the president and CEO of Stuller Inc. His advice for retailers as he heads out the door: you have to embrace technology and have the ability to customize in orde... read more..

Survey says gift card spend to reach all-time high

The number of consumers who will purchase gift cards to give as holiday presents is projected to reach an all-time high this year, a National Retail Federation (NRF) survey shows.Washington--The numbe... read more..

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.Bentonville, Ark.--Walmart ... read more..

Celebrity Jewelry Gawk: Glamorous in gold

October and November were golden months for celebrities and their jewelry styles, as they turned out in yellow- and white-hued bangles, rings and earrings for red carpet appearances, galas and parties... read more..

Golconda diamond expected to fetch up to $12M

A 52.58-carat D color, internally flawless Golconda diamond is expected to sell for up to $12.5 million at Christie’s New York on Dec. 10. Editor's not... read more..

Pa. retailer introduces yellow diamond line

After seeing a growing number of celebrities donning yellow diamond rings and anticipating the trend is here to stay, Bernie Robbins Jewelers has released its own line of natural yellow diamond engage... read more..

Kohl’s takes integrated approach to Black Friday

Kohl’s Department Stores is teaming up with Jennifer Lopez, one of its collection designers, to launch an on-air and online Black Friday campaign that will include a preview of the singer’s new brande... read more..

Week in Photos--November 16, 2013

The career of jewelry designer Joel Arthur Rosenthal, better known by the initials JAR, has spanned decades and resulted in the creation of thousands of pieces of jewelry donned by women worldwide.The... read more..

Jewelry of "The Hunger Games"

The Hunger Games: Catching Fire, the second movie in the series based on the popular books, comes out this week. One of the most visually interesting aspects of the movies--of which I am a huge fan, i... read more..

Diamond manufacturer gives millions for hospital

The shareholders of Hari Krishna Exports Pvt. Ltd., a De Beers Group sightholder and diamond and jewelry manufacturer, have earmarked some funds for a very important and altruistic purpose.Mumbai--The... read more..

JA offering discount on promotional insurance

Jewelers of America (JA) is offering its members an insurance promotion that will, in turn, allow them to offer sales promotions that tie refunds to certain events, such as the amount of snowfall or w... read more..

About Retail: E-tailing vs. brick-and-mortar

In an increasingly digital world, many businesses operate solely online but one e-tailer, Boston-based custom jeweler Gemvara, has just opted to open a physical store. Will more online sellers follow ... read more..

Ohio store moves ownership to next generation

Family-owned store Weber Jewelers has announced that Stephanie Weber will assume ownership of the company after they hold a retirement sale.Editor's Note: This story was updated Dec. 4 to include... read more..

Earnings roundup: Jewelry does well at JC Penney

Fine jewelry was one of the top sellers at J.C. Penney in the third quarter, a quarter in which the retailer saw signs of improvement, recording its first same-store sales increase in almost two years... read more..

ShopHQ shifting away from jewelry

Third quarter sales grew for Shop HQ, formerly ShopNBC, as did the company’s customer base, a change it attributes to selling fewer items in the jewelry and watches category while bulking up its selec... read more..
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