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Net a Porter
Net-a-Porter to Debut VIP-Only Site
High-end online retailer Net-a-Porter isset to launch an invitation-only digital platform, selling exclusive jewelry toits most loyal members. From later this month, customers whohave been awarded EIP (Extremely Important People) status by Net-a-Porter...
Retail Jul 04, 2019 Rapaport News
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
Signet breach
Signet Fixes Data Issue at Kay, Jared
Signet Jewelers has repaired a configuration bug on theorder pages of subsidiaries Kay and Jared that accidentally exposed the personalinformation of customers who purchased online. A Jared customer contacted Signet last month after noting hecould...
Retail Dec 05, 2018 Rapaport News
Israel Bourse Launches Alibaba Partnership 150
Israel Trade Signs Alibaba Consumer Deal
The Israel Diamond Exchange (IDE) has expanded its collaborationwith Alibaba by introducing sales directly to Chinese consumers. Israeli diamonds will be available as loose stones on Ali Auction, the Asian e-commercegiant’s luxury platform, the IDE...
Retail Oct 18, 2018 Rapaport News
Sales Tax 150
Jewelers Cheer Online-Sales-Tax Ruling
US states can now collect sales taxes from online retailers,the nation’s Supreme Court has ruled.The court overturned a 1992 decision that exempted companiesfrom the duty if they didn’t have a physical presence in the state....
Retail Jun 24, 2018 Rapaport News
Pandora rings jewelry
US, Asia Troubles Hit Pandora Sales
Pandora’s revenue fell in the first quarter as the jewelryretailer suffered from weakness in its US stores and a slowdown in China. Global sales slipped 1% year on year to $812.2 million (DKK 5.12 billion) for the January-to-March period,...
Retail May 17, 2018 Rapaport News
Blue Nile webroom
Blue Nile Names New Merchandising Head
Blue Nile has appointed Katie Zimmerman as chiefmerchandising officer, a role that entails overseeing bridal and fashionjewelry. “Katie brings a unique eye and thoughtful analysis tomerchandising,” said CEO Jason Goldberger, to whom Zimmerman will...
Retail Mar 22, 2018 Rapaport News
Israel Bourse Launches Alibaba Partnership 150
Israel Bourse Strikes Deal with Alibaba
The Israel Diamond Exchange (IDE) will launch a partnershipwith Chinese e-commerce giant Alibaba Group, enabling traders to sell goods onlineto businesses and consumers in global markets.Some 150 bourse members have formed an online store...
Technology Jan 25, 2018 Joshua Freedman
Holiday shopping retail
Retail Enjoying Impressive Season
US retail sales have increased so far this holiday season, as an improving job market has spurred consumer confidence, according to surveys by government and private-sector organizations. Sales across all retail categories grew 6.3% year on year...
Retail Dec 17, 2017 Rapaport News
Alibaba Singles’ Day 2017
Mobile Drives Singles’ Day Sales Beyond $25B
Shoppers bought $25.3 billion worth of merchandise through e-commerceplatform Alibaba during Singles’ Day, the China-based company reported Sunday. The figures marked a 39% increase over last year’s numbersfor the Chinese shopping holiday,...
Retail Nov 13, 2017 Rapaport News
Bright Society Patek Philippe
E-commerce Site Aggregates Small Jewelers’ Stocks
Bright Society, a new watch-and-jewelry website,launched earlier this month, providing a platform on which small, independent jewelersacross the US can sell items directly to consumers.The site aggregates jewelers’ collections, enabling customersto find a broad range of fine...
Retail Oct 18, 2017 Rapaport News
Chow Tai Fook JD.com
Chow Tai Fook Picks Online Sales Partner
Chow Tai Fook has joined forces with Chinese online retail giantJD.com, which will become the jeweler’s preferred internet sales channel.JD.com claims to be the largest Chinese e-commerce companyby revenue, with 2016 sales...
Retail May 10, 2017 Rapaport News
Groupon to Offer Steepest Jewelry Discounts on Black Friday: WalletHub
Grouponwill offer the steepest discounts on jewelry products out of 30 major U.S. retailers on BlackFriday, according to WalletHub.Thee-commerce group will slash jewelry prices by 85 percent on average, which ismore than at Meijer (80 percent), Stage (77 percent),...
Retail Nov 19, 2015 Rapaport News
Amazon to Offer 70% Discounts on Diamond Jewelry for Black Friday Week
Amazon.com will offer discounts of as much as 70 percent on selected diamond jewelry as part of its promotions for Black Friday, it said in a press statement. Other deals include up to 50 percent off selected luxury watches for women.The U.S.e-commerce giant’s...
Retail Nov 18, 2015 Rapaport News
$10B Settled on Alipay by Afternoon of Singles Day
Ten billion dollars were settled through third-partyonline payment platform Alipay on Alibaba’s Chinaand international retail marketplaces as of 2.05pm China time on ‘Singles Day,’the Chinese e-commerce giant said November 11. Of this, 70 percent was from...
Retail Nov 12, 2015 Rapaport News
marco bicego
Marco Bicego Opens E-Commerce Site Ahead of December Collection Launch
Jewelry brand Marco Bicego has launched an e-commerce sitethat enables visitors to browse its 11 core collections and its Unico line onthe web, National Jeweler reported.Consumers can view online merchandise by category,collection, technique and...
Retail Oct 28, 2015 Rapaport News
E-Commerce Startup Worthy Raises $8M for Diamond, Colored Gems Expansion
Worthy, an online auction site for pre-owned diamonds and jewelry, has raised an $8 million Series B funding round. The funds will be used to focus on its diamond and colored stone jewelry business, according to a company press...
Retail Oct 25, 2015 Rapaport News
India’s Flipkart Partners with Malabar on e-Commerce Sales
Indian E-commerce giant Flipkart has partnered with Malabar Gold and Diamonds for the retailer’s inaugural online marketplace, according to a statement from Flipkart.Coming just ahead of the Diwali festival, the site lists more...
Retail Oct 25, 2015 Rapaport News
jewel cloud
Press Release: Jeweler IJM Adds Wares to JewelCloud
Press Release: New York-based IJM/Morris & David has added its products to the JewelCloud social product network in an effort to better reach retailers and feed products directly to the retail websites of high-end department and...
Retail Jul 26, 2015 IJM/Morris & David
Ritani store partner
Online Jewelry’s Growth Restraint
U.S. online jewelry sales have increased rapidly in recent years, but observers note that thin profit margins and consumers’ reluctance to buy jewelry online have prevented the Internet from becoming a major sales...
Retail Feb 27, 2015 Ronen Shnidman
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