By Michelle Graff

A new “sales tax fairness” bill was introduced in the U.S. House of Representatives this week while Sterling Jewelers officially announced the opening of the new Le Vian by Jared store, and the store’s website revealed there are four more on the way.

Auction-wise, Christie’s sold a 21.71-carat Kashmir sapphire ring for a little over $4 million and, on the retail front, jewelers are gearing up for Father’s Day, which is this coming Sunday.

Relive the week that was, in photos.

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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.