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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.
Walmart announced Thursday that Greg Foran will be the new president and CEO of Walmart U.S. effective Aug. 9 replacing Bill Simon who is “transitioning out of the company.”
Though operating profit and net income declined for the Swatch Group in the first half of the year, net sales increased.
A federal judge has ruled that a case of “bungled bangle banditry,” in which jewelry brand Alex and Ani is suing BJ’s Wholesale Club and a group of distributors, can move forward.  
Tiffany & Co. announced Monday that longtime leader Michael Kowalski, who joined the company 31 years ago and has been CEO since 1999, will retire in March 2015. 
The EPA said that constructing a copper and gold mine at the headwaters of Bristol Bay would produce enough waste to fill at least 880 football stadiums and have “unacceptable” adverse impacts on the ecosystem. 
LVMH and eBay announced Thursday that they have come to an agreement in their long-running court battle over the sale of counterfeit goods on the online auction site. 
The son of famed diamantaire Harry Winston has lost a 13-year-long court battle to register the name Bruce Winston as a trademark for his own line of high-end jewelry, court papers show.  
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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.