Financial Results


Movado To Lay Off Employees Amid Restructuring

July 7, 2020
The layoffs are part of the watch company’s plan to cut costs amid economic hardships brought on by the COVID-19 pandemic.

Consumer Confidence Rises in June

July 1, 2020
Reopenings and eased restrictions helped boost consumer confidence, but it’s still below pre-pandemic levels.

10 Jewelry News Stories You Might Have Missed

June 26, 2020
Jewelry cleaning tips from an expert, two fancy colored diamond hearts set to hit the auction block, and more.

Here’s the Latest on Neiman Marcus, JC Penney Bankruptcies

June 22, 2020
The retailers filed for bankruptcy protection for similar reasons, including mounting debt and the toll the coronavirus has taken on business.

Francesca’s Weighs Possible Bankruptcy

June 18, 2020
The COVID-19 pandemic exacerbated existing problems for the clothing and accessories chain, including declining sales and store traffic.

May Retail Sales Climb 18% as Businesses Reopen

June 17, 2020
Though monthly spending improved in May, retail sales were down 6 percent year-over-year.

Signet’s SEC Filing Lays Bare Its COVID-19 Concerns

June 15, 2020
The retailer is worried about customers’ willingness to visit stores and what a second wave of the virus would mean for business.

10 Jewelry News Stories You Might Have Missed

June 12, 2020
First-quarter results, another acquisition on the rocks, Signet’s reopening steps, and more.

Movado Sales Down 53% in Q1

June 10, 2020
The watch company has reopened 14 stores in North America, which are performing better than expected, said CEO Efraim Grinberg.

Signet Sales Sink 40% Amid Pandemic-Induced Store Shutdowns

June 9, 2020
COVID-19 forced Signet to take a hard look at its fleet of physical stores and upgrade its online capabilities.

Tiffany’s U.S. Sales Fall 45% in Q1

June 9, 2020
The jeweler saw a steep decline in worldwide sales as the COVID-19 pandemic kept its stores shuttered.

Alrosa Says It’s Starting to See Recovery in China

June 8, 2020
Diamond jewelry sales in Asian markets are “bouncing back,” and the miner expects demand to increase as soon as July.

10 Jewelry News Stories You Might Have Missed

June 5, 2020
How the civil unrest is impacting jewelers, a revived relief fund, and why the largest deal in luxury is reportedly on the rocks.

Richemont’s Jewelry Sales Resilient in a Rough Q4

May 15, 2020
The luxury titan behind Cartier and Van Cleef posted an 18 percent drop in quarterly sales amid the coronavirus pandemic.

Pandora’s Q1 Revenue Falls, but Online Sales Strong

May 5, 2020
The Danish jeweler temporarily closed 90 percent of its stores in light of the coronavirus pandemic.

Kering’s Watch, Jewelry Segment Takes A Hit in Q1

April 22, 2020
Jewelry brand Qeelin was the only bright spot due in part to a rebound in mainland China.

LVMH’s First-Quarter Sales Fall 17%

April 17, 2020
The watches & jewelry division was among the hardest hit, with sales dropping 26 percent.

For Alrosa, Q1 Was a Tale of Two Halves

April 16, 2020
Like many companies, the diamond miner started off the year strong before business took a nosedive in February.

March Retail Sales Plunge, Marking Biggest Decline on Record

April 15, 2020
With businesses closed and consumers staying at home, U.S. retail sales posted a steep decline last month.

Signet Reaches $240M Settlement in Shareholder Lawsuit

April 3, 2020
The company denies the allegations, but said it reached a settlement to avoid spending more time and resources on the case.
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.