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Image: A Kay Jewelers store in New Jersey. (Shutte
Signet Revenue Drops in First Quarter
Signet Jewelers has lowered its sales outlook for the restof the year, after revenue fell in the first fiscal quarter. Total sales declined 3.3% to $1.43 billion in the threemonths ending May 4, the...
Retail Jun 06, 2019 Rapaport News
Sands Expo
Video: Vegas Show Sees Light Traffic
The JCK Las Vegas show ended Monday, with participants notinga decline in buyer traffic and exhibitors at this year’s event. Sentiment amongdiamond suppliers was relatively weak, as buyers were conservative, and overalldealer trading...
Polished Markets Jun 04, 2019 Avi Krawitz
Swarovski 150
Swarovski Plans Move into Natural Diamonds
Swarovski, the Austrian jeweler famous for its cut-glass crystals, is preparing to launch its natural diamond operations, Nadja Swarovski, head of corporate communications and design services, said in a panel discussion at the JCK Las Vegas...
Polished Markets May 31, 2019 Avi Krawitz
JC Penney
Jewelry Shines for Macy’s, J.C. Penney
Macy’s and J.C. Penney noted strong sales in their jewelrydivisions in the first fiscal quarter, even as overall results showed a downward trend. “Our fine-jewelry business continues to deliver strong salesresults,” J.C. Penney chief financial...
Retail May 22, 2019 Rapaport News
Caryl Capeci Chow Tai Fook
Chow Tai Fook Launches US Hub
Hong Kong-based jeweler Chow Tai Fook has launched abusiness hub in Boston that will supply products and services to US retailers. Chow Tai Fook North America (CTFNA) will operate as awholesaler, offering customized diamond...
Polished Markets May 08, 2019 Rapaport News
Podcast
Podcast: Who’s Right – De Beers or the GIA?
Provenance and lab-grown diamonds have dominated the industry’s conversation for some time, but developments in 2019 have made them the year’s strongest news themes. In the 13th edition of the Rapaport Diamond Podcast,...
Polished Markets May 02, 2019 Rapaport News
Yellow diamond
US Looks to Tighten Jewelry-Origin Rules
The US government wants the jewelry industry to declare the origin of all materials in products, trade organizations learned this week.State Department officials met with industry representatives on Monday to brief them on the plans.The possible rules...
Financial-Legal Apr 18, 2019 Joshua Freedman
Rough from DPA
Profits Tight Amid Slow Diamond Trading
RAPAPORT PRESS RELEASE, April 2, 2019, Las Vegas … Diamond market sentiment was soft in March, after the Hong Kong and Basel shows failed to boost trading in a significant way. The first quarter was weaker...
Polished Markets Apr 02, 2019 Rapaport
Chow Sang Sang
Strong Gold Demand Boosts Chow Sang Sang
Hong Kong-based jeweler Chow Sang Sang saw a 13% rise insales in 2018, amid improved consumer sentiment and a spike in gold demand inthe first half of the year. Group sales came to HKD 18.81 billion...
Retail Apr 01, 2019 Rapaport News
GIA Diamond Origin Report
GIA Unveils New Diamond Origin Report
The Gemological Institute of America (GIA) is rolling out a new grading report that will highlight the country from which a diamond was recovered. The company will issue the Diamond Origin Report for stones...
Polished Markets Mar 28, 2019 Rapaport News
Baselworld 2019 Hall 1
Jury Still Out on Baselworld
Gem and jewelry exhibitors gave mixed responses tochanges at the struggling Baselworld show, with many stillundecided as to whether they would return to the trade fair.Visitor traffic was relatively light throughout thesix-day event, which...
Polished Markets Mar 26, 2019 Anthony DeMarco
Peder Tuborgh
Pandora Chairman Quits Amid Reshuffle
Pandora chairman Peder Tuborgh is set to leave the Danishjewelry maker. This comes just one month after the company appointed veteranconsumer-brand executive Alexander Lacik as its new CEO. These significant leadership changes form...
Retail Mar 14, 2019 Rapaport News
Diamond Market
Diamond Market Sees Selective Demand
RAPAPORT PRESS RELEASE, March 5, 2019, Las Vegas … Diamond dealers remained cautious in February amid excess supply and selective demand. Suppliers had low expectations for the important Hong Kong International Diamond, Gem...
Polished Markets Mar 05, 2019 Rapaport
Final Cut
What Online Jewelry Influencers Expect in 2019
BeckyStone,Diamonds in the Library founder and CEO:Modern jewelry loverswant to put their money toward pieces they can connect with, that make astatement about who they truly are. Charms offer that personal connection...
Retail Feb 27, 2019 Sonia Esther Soltani
NRF
Jewelry to Top Valentine’s Day Purchasing
US consumers plan to spend more than $20 billion on gifts this Valentine’sDay, with jewelry topping the list at nearly $4 billion, according to the National Retail Federation (NRF). An NRF survey showed a 6% rise in the amount consumers...
Retail Feb 12, 2019 Rapaport News
Loupe & Polished diamonds
Diamond Prices Slide as Year Begins with Caution
RAPAPORT PRESS RELEASE, February 5, 2019, Las Vegas … Polished-diamond prices softened in January as US restocking proved slower than expected after the holiday season, and as Far East buyers took vacation ahead of the Chinese New...
Polished Markets Feb 05, 2019 Rapaport
RN-Jewelry-Digital-Mobile&Compu
RapNet Introduces Jewelry Trading
RAPNET PRESS RELEASE, February 4, 2019,Las Vegas… RapNet, the world’s largest diamond trading network, announcesthe introduction of jewelry into its global trading network. RapNet members cannow upload jewelry images and data, perform...
Polished Markets Feb 04, 2019 Rapaport
Hong Kong retail
Hong Kong Luxury Sales Fall in December
Retail sales of jewelry and other luxury items dropped in HongKong in December, amid the continued impact of global economic uncertainties onconsumer demand. Revenue from jewelry, watches, clocks and other valuablegifts fell 4.9% year...
Retail Jan 31, 2019 Rapaport News
Chow Tai Fook TST Hong Kong
Chow Tai Fook Sales Dip on Economic Slowdown
Chow Tai Fook followed a string of major retailers that have noted a slowdown in greater China as the jeweler's same-store sales fell in the three months that ended December 31. “A decline in same-store sales was recorded...
Retail Jan 15, 2019 Rapaport News
Anantha Padmanaban
India’s GJC Elects New Chairman
The All India Gem and Jewellery Domestic Council (GJC)has elected Anantha Padmanaban as chairman for a two-year term. The organization, which represents India’s domesticjewelry industry, chose Shaankar Sen to be its vice chairman. The...
Retail Jan 07, 2019 Rapaport News
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