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Same-store sales in Michael Hill’s U.S. stores rose 6 percent year-over-year while total revenue fell slightly due to the company closing a store in June of last year. 
J.C. Penney Co. Inc. announced Monday that it has closed on a new $2.35 billion credit facility, a deal that hints at some confidence from the banks in a performance turnaround for the retailer.
Mumbai-based manufacturer and retailer the Gitanjali Group reported that the stores it operates in the United States under the Samuels Jewelers Inc. umbrella experienced 12 percent year-over-year sales growth in fiscal year 2014.
Sterling Jewelers is converting some of the Ultra Diamond outlets it purchased in 2012 into Jared Vault stores, a chain of outlet stores that sell overstock from Jared the Galleria of Jewelry.
First quarter sales were strong worldwide for Tiffany & Co., with same-store and total sales in the Americas increasing due to broad-based growth across the United States. 
Despite a dismal winter that hampered many retailers’ sales, J.C. Penney posted relatively strong first quarter same-store sales, with fine jewelry listed as one of its best-selling categories.
Macy’s Inc. and Nordstrom Inc. reported mixed results for the first quarter ended May 3, with weather taking a toll on sales and off-price outlets continuing to outshine regular stores. 
Demand for jewelry and complicated timepieces was “robust” for Richemont in the fiscal year ended March 31, offsetting the weaker performance of Alfred Dunhill, Chloé and Lancel.
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.