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But the market was relatively resilient compared with the rest of the world, where demand remains 'in the doldrums,' the WGC says.
The revised acquisition terms value the deal at $15.8 billion, down from the initial price of $16.2 billion.
The De Beers-owned lab-grown diamond brand is also cutting the ribbon on a new production facility just outside of Portland, Oregon.
The companies are reportedly in talks to lower the acquisition price, in line with what analysts had expected.
Boucheron and Qeelin performed well in the Asia Pacific region, but struggled elsewhere as tourist numbers dwindled.
The National Retail Federation is hopeful for the holiday season following better-than-expected results in September.
Duvall O’Steen and Jen Cullen Williams share tips for getting creative with video on Instagram, Zoom, email and more.
Total quarterly revenue in the conglomerate’s watches and jewelry segment was down 16 percent year-over-year.
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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.