There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
Alibaba backs down in the US market
The Chinese e-commerce company is selling its first U.S.-based e-commerce site, 11 Main, because the site hasn’t gained traction here and faces too much competition, reports state.
New York--E-commerce company Alibaba is selling its first U.S.-based venture, 11 Main, due to the site failing to gain traction with consumers and businesses and competition from other online marketplaces, various news outlets reported this week.
11 Main, an e-commerce site where shoppers could purchase jewelry, home goods, toys, beauty products and an array of other products, was presented as an e-tailer that worked with smaller boutiques to help those businesses sell their products online.
It launched only a year ago.
Alibaba Group Holding Ltd. is selling the site to New York-based OpenSky, a social, online marketplace, and will take a 37.6 percent stake in that company in exchange, The Wall Street Journal reports.
A Hangzhou, China-based public company headed by Chairman Jack Ma, Alibaba is an online sales giant overseas but has run into trouble in the United States as of late for allegedly selling counterfeit luxury goods knowingly.
Reuters reported in mid-May that brands owned by Paris-based luxury goods conglomerate Kering SA, including Gucci and Yves Saint Laurent, filed suit in federal court in Manhattan accusing Alibaba of peddling counterfeit products bearing their brand trademarks.
Kering filed a similar suit against Alibaba last year but it was withdrawn after the two companies opted to try to work together on a resolution.
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A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
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The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.
“Chopard x Julia Roberts” showcases the first gems cut from the 6,000-carat-plus “Insofu Emerald."
The jewelry giant also posted a double-digit drop in same-store sales for the full year.
Elvis gave the watch to actress Dodie Marshall after filming “Easy Come, Easy Go.”