March 2018

Is the Gray Market Slowing Down?

Yes, say watch retailers and a market analyst, but it will never go away completely.New York--The main complaint about “gray market” watches—new watches sold by unauthorized dealers—is that they make ... read more..

JSA: Smash-and-Grab Robberies, Cybercrime Up in 2017

The 2017 Annual Crime Report shows that while dollar losses were flat, certain patterns of crime against the jewelry industry have picked up.New York--The Jewelers Security Alliance has released its 2... read more..

Man Sentenced Up to 26 Years for Jeweler Hit-and-Run

Charles Jordan was convicted in the 2015 death of Diamond District jeweler Aron “Eric” Aranbayev.New York--The man convicted in the 2015 hit-and-run death of a Diamond District jeweler known for selli... read more..

Northeastern Fine Jewelry Adds Industry Vet to Retail Team

Dennis Connelly, the former owner and founder of Connelly’s Diamond Gallery, will join its Albany store.Albany, N.Y.--Northeastern Fine Jewelry announced it has added longtime jeweler Dennis Connelly ... read more..

Live from Basel: 5 New Watches from Rolex

Take a look at the GMT-Master II in steel with the “Pepsi” bezel and a sapphire-set Perpetual Cosmograph Daytona.Basel--Rolex introduced a handful of new Oyster models at the Baselworld show, includin... read more..

David Yurman Names New President

Carol Pennelli, formerly chief commercial officer, will run the business side of the company.New York--David Yurman has named a new company president.Carol Pennelli will report directly to chairman an... read more..

6-Carat ‘Farnese Blue’ Diamond Could Garner $5.3M

The pear-shaped stone has been in the same family for more than 300 years, passing through some of Europe’s most important houses. Geneva--A historic blue diamond that’s been in the same family for mo... read more..

Inside Communion by Joy’s Spiritual Space

Fine jewelry brand Communion by Joy’s Culver City showroom provides much more than a shopping experience.Culver City, Calif.--About a decade since it started, fine jewelry brand Communion by Joy has o... read more..

GIA Takes its Career Fair to London

Its first Europe event will be held at The Goldsmiths’ Centre on Monday, April 23.London--For the first time, the Gemological Institute of America is taking its Jewelry Career Fair to London. The eve... read more..

Former Florida Jeweler Wanted in 2 States

Authorities in Florida and Louisiana have issued warrants for Anthony Simpson for alleged fraud.West Palm Beach, Fla.--Authorities in two states are looking for a former Lake Park, Florida jeweler for... read more..

In Switzerland, a Much Smaller Baselworld Set to Open

The number of exhibitors at the watch and jewelry show is down by half.Basel--The 2018 edition of Baselworld is set to open Thursday, and it will be shorter and smaller than in years past.As announced... read more..

NRF, Forrester Say Retailers are Prioritizing Omnichannel

The “State of Retailing Online” survey shows retailers are most concerned with and invested in their ability to sell across multiple platforms.New York--It has been talked about a lot, but the importa... read more..

Alrosa Sees 2017 Sales Drop 17%

Sales of more small, low-quality diamonds and a stronger ruble dragged down results.Moscow--Alrosa reported Tuesday that its 2017 sales declined 17 percent, hurt by product mix and a stronger ruble. R... read more..

Blue Nile Appoints Chief Merchandising Officer

Katie Zimmerman joins the company from Zale Jewelers, where she most recently served as vice president of merchandising.Seattle--Blue Nile has announced the appointment of Katie Zimmerman as its chief... read more..

Solve Your Shipping Frustrations Once and for All

Compare and select shipping options with an easy-to-use platform that lets you take advantage of exclusive discounts, insurance options for your packages, and much more. Brought To You By Jewelers Mu... read more..

Mall Chain Claire’s Files for Bankruptcy

The retailer is looking to reduce its debt by $1.9 billion and emerge from bankruptcy by September.Hoffman Estates, Ill.--Claire’s Stores Inc., the mass-market fashion jewelry retailer also known for ... read more..

Movado Foregoes Basel for Davos Summit

The watch company is in the midst of its first Movado Group Summit for distributors and customers.Davos, Switzerland--Movado Group Inc., maker of Movado, Coach, Tommy Hilfiger and Rebecca Minkoff watc... read more..

Alison Nagasue’s Garden of Earthly Delights

Longtime jewelry designer Alison Nagasue’s new namesake line is an ode to nature.New York--Alison Nagasue has spent decades in design, but the launch of her eponymous fine jewelry brand marks her most... read more..

‘Circle of Heaven’ Jadeite Bangle Could Sell for $12.8M

The “highly translucent” piece will lead Sotheby’s Magnificent Jewels and Jadeite sale in Hong Kong April 3. Hong Kong--A “highly translucent” jadeite bangle is expected to be the top lot at Sotheby’s... read more..

Amazon’s Jeff Bezos Now Tops Forbes’ Billionaires List

Other people who made the list: the Bulgaris, Laurence Graff and Alex and Ani founder Carolyn Rafaelian.New York--The richest person in the world is in retail and, not surprisingly, it is online retai... read more..

WJA Honors its 2018 ‘Shining Stars’ in L.A.

Women and men from chapters nationwide were recognized at the Women’s Jewelry Association’s In the Spotlight event.Redondo Beach, Calif.--The Women’s Jewelry Association gathered members from across t... read more..

Rocket’s Michael Kaplan Named JBT Board Chair

The 55-year industry veteran and Rocket president was first vice chair of the board.New York--Michael Kaplan, president of packaging and display company Rocket, is the new chairman of the board for th... read more..

What You Might Have Missed

A story about the upcoming sale of the Rolex known as “The Unicorn” was one of the most popular stories on National Jeweler last week.  New York--These were the five most popular stories last wee... read more..

Tiffany Sees Q4 Comps Rise, Outlines Priorities

Its goals won’t sound unfamiliar: focus on omnichannel, improve the in-store experience and make sure the merchandise is right. New York--Tiffany & Co. reported Friday that its fourth quarter comp... read more..

‘The Unicorn’ Rolex to Appear at Auction in May

The only known white gold Cosmograph Daytona is expected to sell for nearly $3 million when it hits the block for the first time this spring.Geneva--It’s safe to say that when it comes to watches, Rol... read more..

Jewelers Mutual Group Launches Shipping Platform

The comprehensive JM Shipping Solution is available to all members of the U.S. jewelry industry.Neenah, Wis.--Jewelers Mutual Group has launched a comprehensive shipping platform available to all memb... read more..

Gem Diamonds Finds Another 100-Plus Carat Diamond

It’s the seventh gem-quality rough over 100 carats to be dug up this year.London--Right on the heels of the $40 million sale of the 910-carat diamond called “The Lesotho Legend,” Gem Diamonds Ltd. has... read more..

Piece of the Week: Moritz Glik’s Kaleidoscope Ring

Moritz Glik’s signature “floating” stones take a graphic spin.As the saying goes, “if it ain’t broke, don’t fix it,” and the adage certainly applies to designer Moritz Glik, who is known for his signa... read more..

Pinterest Reveals Top Trending Engagement Ring Styles

An unexpected gem tops the site’s 2018 Wedding Report. New York--There’s a new gem trending in the engagement ring category on Pinterest, and it’s probably not what one would expect.   According ... read more..

Jewelry Industry Veteran and Retailer Robert Corey Dies

He founded Robert’s Jewelry Store with his wife in Madawaska, Maine in 1955.  Waterville, Maine--Robert Corey, who founded Robert’s Jewelry Store with his wife, died Feb. 11 in Fort Kent, Maine. ... read more..
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Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.