A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Pandora says Christmas sales beat expectations
Preliminary results released by Pandora Friday indicate that 2013 sales for the Danish bead brand will be up 35 percent year-over-year due in part to a better-than-expected holiday.
Copenhagen, Denmark--Preliminary results released by Pandora Friday indicate that 2013 sales for the Danish bead brand will be up 35 percent year-over-year due in part to a better-than-expected holiday.
The Copenhagen-based company said that preliminary revenue for the fourth quarter was about $508.1 million, up 30 percent as compared with the fourth quarter 2012.
The company said that all regions contributed to the results with “strong growth,” though the same-store sales increase in the United States was not as high as in other parts of the world.
U.S. concept store comps in the fourth quarter increased 5 percent compared with increases of 6 percent in Germany, 18 percent in the United Kingdom and 26 percent in Australia.
Pandora’s sales for the full year reached $1.63 billion, beating Pandora’s expectations of $1.56 billion. Gross margin was 67 percent for the year, flat as compared with 2012.
“Revenue exceeded the previous financial guidance primarily due to better holiday sales in the fourth quarter as well as more than expected concept store openings toward the end of the year,” the company said. Pandora opened 205 concept stores during the year, up from its expectation of 195 openings.
The brand’s CEO, Allan Leighton, said the company expects to finish the year with a substantial increase in profitability as well.
Pandora will release full results for 2013 on Feb. 18.
The Latest
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.
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.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
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.