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Martino Pessina is joining the company as its first chief commercial officer.
The retailer’s employees will be paid through April 4, but may soon face reduced hours and pay as the coronavirus weighs on the company’s balance sheet.
This is how the COVID-19 pandemic has impacted the jewelry industry so far.
The jeweler also has scrapped its previously stated financial guidance in the wake of the pandemic.
The watch giants have temporarily closed their production facilities in Switzerland.
The luxury titan will use its perfume and cosmetics production sites to make and provide free hand sanitizer to French health authorities.
Trade shows postpone amid coronavirus concerns, what consumers clicked on in 2019, an update on a royal jewel heist, and more.
The GJEPC International Gem & Jewellery Show, the Istanbul Jewelry Show and Oroarezzo have also been postponed amid coronavirus concerns.
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.