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Movado Group reported Tuesday that net sales rose 4 percent year-over-year in its fiscal second quarter, from $138.3 million to $143.6 million. 
Fine jewelry was a strong performer in the second quarter for J.C. Penney Co. Inc., a quarter in which sales increased and the retailer’s losses shrank. 
Multimedia retailers HSN and QVC reported that sales increased in the second quarter, with the strength of other categories offsetting poor jewelry sales for both.
Blue Nile began dropping its prices in June and July following a second quarter in which sales of engagement rings in the U.S. fell 5 percent year-over-year due to higher diamond prices.
Birks Group Inc., the retailer formerly known as Birks & Mayors, announced this week that it is restructuring to save money, cutting administrative staff at its regional office in Florida and relocating that office’s functions to its headquarters in Canada.  
Same-store sales of watches and jewelry rose slightly in the first half for LVMH, with the company noting that the retailers that carry its brands remain cautious when purchasing.
Though operating profit and net income declined for the Swatch Group in the first half of the year, net sales increased.
The final gavel seemingly has dropped for Bidz.com Inc., which once sold millions of dollars in fine jewelry a year via its live online auction format but has struggled financially the last several years. 
National Jeweler

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.