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The iconic jeweler partnered with a Mumbai-based retail conglomerate to break into the country’s growing luxury market.
Diamonds, pearls, precious stones, silver jewelry and more will be subject to tariffs as of Sept.1.
The combined company will own more than 260 daily newspapers across 47 states and Guam.
The retailer’s flagship Madison Avenue store and four others will remain open.
The second quarter also was the market’s 10th consecutive quarter of growth, the World Gold Council said.
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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.