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TIG Advisors LLC are “short-term opportunists” who are spreading inaccurate information about the proposed Signet-Zale merger and misrepresenting the facts, Zale Corp. has said in a letter designed to “set the record straight” regarding the deal.
Zale Corp. is locked in a back-and-forth battle with TIG Advisors, which again urged the company’s shareholders to vote against the proposed acquisition of Zale by rival Signet Jewelers Ltd.   
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.
The Equal Employment Opportunity Commission is appealing a federal judge’s dismissal of its lawsuit charging Sterling Jewelers Inc. with nationwide gender discrimination, alleging the chain paid female employees less and passed them over for promotions.
Pandora experienced a 30 percent jump in sales in the first quarter and is continuing to shift its focus away from independent retailers as it opens more and more concept stores.  
Chopard announced Friday that it has purchased Union Hôtelière Parisienne, the company that owns the luxury five-star Hôtel de Vendôme in Paris.
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.