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Same-store sales at Michael Hill’s U.S. stores rose 7 percent in the quarter ended Sept. 30, the Australian retailer reported recently. 
Hearts on Fire announced Tuesday that it opened the second of its new concept retail stores in Philadelphia while also confirming that it has shuttered its first U.S. retail location, the boutique located in the Borgata hotel in Atlantic City, N.J. 
Six brands under the Richemont Group umbrella recently scored a victory in what their attorney is calling a “landmark” case in the ongoing battle against an online sale of counterfeit luxury goods. 
Tiffany & Co. is on the hunt for another company to handle its watch business following the official termination of its agreement with the Swatch Group Ltd. 
Ira Melnitsky has been appointed CEO of Tourneau, succeeding James Seuss who left the company last year to serve as CEO and global president of Hunter Boots. 
An “Ultimate Diamond Experience” with Forevermark toting a price tag of nearly $2 million is among the “Fantasy Gifts” listed in Neiman Marcus’ 2013 Christmas Book, a catalog of holiday-ready luxury items that include the extremely lavish and extravagant. 
Fine jewelry, along with apparel and accessories, are among the categories turning in an above-average performance at J.C. Penney Co. Inc., the retailer said this week. 
Costco Wholesale Corp. reported a single-digit increase in U.S. same-store sales for both the fourth quarter and fiscal year ended Sept. 1. 
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.