A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Alibaba backs down in the US market
The Chinese e-commerce company is selling its first U.S.-based e-commerce site, 11 Main, because the site hasn’t gained traction here and faces too much competition, reports state.
New York--E-commerce company Alibaba is selling its first U.S.-based venture, 11 Main, due to the site failing to gain traction with consumers and businesses and competition from other online marketplaces, various news outlets reported this week.
11 Main, an e-commerce site where shoppers could purchase jewelry, home goods, toys, beauty products and an array of other products, was presented as an e-tailer that worked with smaller boutiques to help those businesses sell their products online.
It launched only a year ago.
Alibaba Group Holding Ltd. is selling the site to New York-based OpenSky, a social, online marketplace, and will take a 37.6 percent stake in that company in exchange, The Wall Street Journal reports.
A Hangzhou, China-based public company headed by Chairman Jack Ma, Alibaba is an online sales giant overseas but has run into trouble in the United States as of late for allegedly selling counterfeit luxury goods knowingly.
Reuters reported in mid-May that brands owned by Paris-based luxury goods conglomerate Kering SA, including Gucci and Yves Saint Laurent, filed suit in federal court in Manhattan accusing Alibaba of peddling counterfeit products bearing their brand trademarks.
Kering filed a similar suit against Alibaba last year but it was withdrawn after the two companies opted to try to work together on a resolution.
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Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.