De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
10 Jewelry News Stories You Might Have Missed
First-quarter results, another acquisition on the rocks, Signet’s reopening steps, and more.
New York—First-quarter results, a Cecil Rhodes statue row in the U.K., and insights on how Signet is reopening its 3,000-plus stores were among the top headlines on NationalJeweler.com last week.
In the last few months, we’ve been doubling our “stories you might have missed” feature from five to 10 to bring readers the best of our coverage on how the pandemic is impacting the jewelry industry.
We will keep it at 10 in order to include stories about how the civil unrest worldwide is impacting the industry.
To catch up on all the jewelry industry news related to COVID-19, visit NationalJeweler.com/Coronavirus.
1. Signet Sales Sink 40% Amid Pandemic-Induced Store Shutdowns
COVID-19 forced Signet to take a hard look at its fleet of physical stores and upgrade its online capabilities.
2. Tiffany’s U.S. Sales Fall 45% in Q1
The jeweler saw a steep decline in worldwide sales as the COVID-19 pandemic kept its stores shuttered.
3. Mall Owner Simon Wants Out of Taubman Deal
Simon Property Group is scrapping plans to buy its rival due to the effect of the coronavirus on Taubman’s malls.
4. Movado Sales Down 53% in Q1
The watch company has reopened 14 stores in North America, which are performing better than expected, said CEO Efraim Grinberg.
5. De Beers Backs Calls to Take Down Founder’s Statue in UK
Hundreds of protestors are demanding Oxford’s Oriel College remove the statue of Cecil Rhodes.
6. Jewelry Designer Yupadee Kobkul Boonsiri Dies at 51
The award-winning artist, known for her kindness, compassion and playful nature, died of the novel coronavirus.
7. Man Charged in Murder of St. Louis Jewelry Store Guard
David Dorn was shot last week while protecting his friend’s store, Lee’s Pawn & Jewelry, on a night when protests devolved into violence and looting across the city.
8. 5 Things to Know about the Paycheck Protection Program Update
Updates to PPP include more time to use the funds and a change to how much of the loan can be used for non-payroll expenses.
9. 7 Tips for Keeping Your Online Business Rolling
Retailers, designers and experts share what they’ve learned during quarantine and what jewelers should keep in mind as stores start reopening.
10. Here’s How Signet Is Reopening Its Stores
Curbside pickup with a password, social distancing in stores, masked employees and more.
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The Patek Philippe expert will serve as personal curator for the brand-focused company.
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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.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
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.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.