Financial Results


August Retail Sales Rise, Growth Slows

September 18, 2020
Consumer spending slowed in August after the end of the $600 weekly unemployment subsidy.

Tiffany-LVMH Deal May Be Saved, Say Analysts

September 14, 2020
LVMH’s acquisition of Tiffany & Co. still has a chance, albeit at a lower price.

Rough Diamond Sales Pick Up for De Beers, Alrosa

September 14, 2020
The heads of both diamond mining companies said increased demand for diamond jewelry at retail is starting to stimulate rough demand again.

Beyond Gold: Here’s What Is Happening with Metals Prices

September 9, 2020
National Jeweler looks at how platinum, silver and palladium have fared so far in 2020.

Sales, Production Slump for Miner Gem Diamonds in H1

September 8, 2020
Highlights of the first half included the recovery of a 442-carat diamond, its largest find of the year.

10 Jewelry News Stories You Might Have Missed

September 4, 2020
Rolex reveals its new watches, four are sentenced in a case involving counterfeit Native American jewelry, and more.

Signet’s Q2 Sales Slide 35% As It Leans on E-Commerce

September 3, 2020
The retailer has created a full-time virtual selling team to serve customers “wherever they want to shop” for the upcoming holiday season.

10 Jewelry News Stories You Might Have Missed

August 28, 2020
Saying goodbye to a beloved designer, a big deal gets delayed, handling Hurricane Laura, and more.

Movado Inks Deal with Calvin Klein

August 28, 2020
The watch company also released its second-quarter results, posting a 44 percent drop in sales.

Tiffany’s Q2 Sales Sink, E-commerce Shines

August 27, 2020
U.S. ecommerce sales surged 122 percent in the second quarter as the COVID-19 pandemic kept shoppers at home.

Tiffany, LVMH Deal Pushed Back to Fall

August 26, 2020
The billion-dollar acquisition still needs regulatory approval from the European Union, Japan, Mexico and Taiwan.

Pandora’s Q2 Sales Sink as COVID-19 Stalls Recovery

August 18, 2020
The Danish jewelry company also shuttered 32 stores in the second quarter, mainly in Germany, the U.K. and the Nordic countries.

Lucara’s Q2 Sales Drop as It Holds onto Big Stones

August 11, 2020
The diamond miner has inked a partnership with Antwerp-based cutter HB Group to buy all its diamonds weighing more than 10.8 carats for the rest of 2020.

10 Jewelry News Stories You Might Have Missed

July 31, 2020
Saying goodbye to a beloved executive, a surprise store closing, the beautiful gemstones that sold at auction, and more.

Boucheron, Pomellato Struggle in Kering’s H1

July 29, 2020
The jewelry brands’ limited exposure to the recovering Asia-Pacific market dulled their performance in the first half of the year.

LVMH’s Watch, Jewelry Sales Down 38% So Far This Year

July 28, 2020
Declining orders from retailers have hit TAG Heuer and Hublot hard, though TAG’s new smartwatch has “been a great success.”

Richemont’s Jewelry Sales Sink 41% in Q1

July 16, 2020
The luxury titan posted double-digit declines across all regions, categories and distribution channels as COVID-19 took its toll.

Swatch Cuts Jobs, Closes Stores as Sales Slump

July 15, 2020
The Swiss watchmaker is eliminating 2,400 jobs and closing 260 locations in an effort to downsize its retail footprint.

Pandora Raises Q2 Forecast as Sales Improve

July 10, 2020
With most of its stores reopened and traffic improving, the company is predicting a brighter-than-expected second quarter.

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.
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.