De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Ivanka Trump to Discontinue Fine Jewelry Line
After an uncertain few months, the company confirmed Monday that Ivanka Trump Fine Jewelry will no longer be produced but the brand’s newer, lower-priced fashion line will continue.
New York--After an uncertain few months, it was confirmed Monday that Ivanka Trump Fine Jewelry will no longer be produced but the brand’s newer, lower-priced fashion line will continue.
Abigail Klem, president of the first daughter’s eponymous company, said in a statement: “As part of our company’s commitment to offering solution-oriented products at accessible price points, we have decided to discontinue the Ivanka Trump Fine Jewelry collection.
“We will be focusing our efforts on existing and new categories that are most relevant to our loyal customers, including fashion jewelry, which successfully launched last fall with price points that are aligned with the rest of our collection.”
Klem took over as the head of Ivanka Trump early this year as Trump took a leave of absence, stepping away from her day-to-day role in the company while still maintaining ownership (similar to what her father did with the Trump organization).
Of Trump’s various licensing deals, which encompass fashion and accessories, fine jewelry was the entrepreneur’s first, though it has been less profitable than her clothing, shoes and handbags lines, The New York Times reported in an article Monday.
The fine jewelry line’s struggles have included a bitter court battle with Indian sightholder KGK that ended in a $3 million settlement against the brand for breach of contract. In addition, retailers and others commented in a story published by JCKOnline.com last month that jewelers have been dropping the line for some time now due to slow sales and lack of fresh product.
Earlier this year, Nordstrom stopped carrying all Ivanka Trump products, citing poor sales, while Neiman Marcus went back and forth about the fine jewelry line. Ivanka Trump Fine Jewelry disappeared from the department store’s website, then reappeared and disappeared once again. (Neiman Marcus declined to comment on its positions on multiple occasions to National Jeweler.)
While Ivanka Trump Fine Jewelry is no more, it’s probable that Ivanka Trump clothing, shoes, bags and fashion jewelry, which is stocked exclusively at Lord & Taylor, will continue as long as business is sound.
Lyst, an e-commerce aggregator, told Refinery29 this month that sales of Ivanka Trump products had grown 346 percent from January to February this year (jumping in rank from 550 to 11 in sales on the site) and 557 percent in February 2017 compared to the monthly average in 2016.
Lyst’s U.S. public relations director Sarah Tanner told
The Latest
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
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.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
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.
The family-owned jeweler has a new education section on its website dedicated to the history of diamond cutting.