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Diamond Market More Optimistic
RAPAPORT PRESS RELEASE, December 3, 2019, Las Vegas … Sentiment in the diamond industry improved amid rising expectations for the holiday season. A rallying stock market fueled optimism as the Dow average climbed 3% in November, and...
Polished Markets Dec 03, 2019 Rapaport
Jewelry store
JSA Warns Jewelers of Power-Cut Break-Ins
The Jewelers’ Security Alliance (JSA)has issued a “code red” warning ahead of Thursday’s July 4celebrations in the US. The New York-based association,which provides crime information andassistance to jewelers across America, has warned that power...
Retail Jul 03, 2019 Rapaport News
Jewelry shopping.
Jewelers Upbeat About January Sales
Whoever considered the holiday season over might need tothink again: Many jewelers are seeing just as much business during January asthey witnessed during the Christmas period, if discussions on a popularsocial-media forum are anything...
Retail Jan 09, 2019 Rapaport News
IIJS 600
Weak Rupee Raises Hopes for Indian Exports
A weaker rupee againstthe US dollar has helped boost exports to leading markets such as the US andChina, attendees at the India International Jewellery Show (IIJS) reported. “The jewelry anddiamond and colored-gemstone business is flourishing,” Gaetano Cavalieri,president...
Mining Aug 13, 2018 David Brough
Jewelry 150
133 Jewelers Join Sector in First Half
The number of new jewelry businesses in the US jumped 87% inthe first half of the year, even as the industry continued to shrink overall. A total of 133 companies entered the sector in the sixmonths to June 30, compared...
Polished Markets Jul 19, 2018 Rapaport News
State Bank of India
India’s SBI Tightens Loan Terms for Jewelers
The State Bank of India (SBI) has introduced stricter lending conditions for certain gem and jewelry companies in the wake of the Nirav Modi scandal, The Economic Times reported. India’s largest bank will...
Financial-Legal Mar 12, 2018 Rapaport News
Human Rights Watch Jewelry 150
Jewelers’ Ethical Sourcing Below Par, Report Says
Jewelry and watch companies need to increase efforts toensure their supply chains are free of human-rights abuses, a campaign group cautioned in a report last week.“Many jewelers can do more to find out if their gold ordiamonds are...
Retail Feb 11, 2018 Rapaport News
Forevermark jewelry 150
Forevermark Sales Spike During Holiday Season
De Beers saw a large jump in sales of Forevermark diamonds this holiday as the miner ramped up marketing of its retail brand. Jewelers sold 38% more Forevermark stones during the 2017season versus last year, with sales...
Retail Jan 23, 2018 Rapaport News
Jewelry
US Jewelry Business Closures Slow in 1H
The rate at which the US jewelry industry is shrinking slowed in the first half of 2017, as the number of businesses that closed dropped by 34% to 553, according to the Jewelers Board of Trade (JBT).“The decline in the number of companies...
Retail Jul 23, 2017 Rapaport News
Forevermark Jewelry
Forevermark Ads to Refocus on Women
Forevermark will target female buyers in its holiday-seasonmarketing campaign this year, following a sharp shift in the way consumers acquiretheir jewelry.Self-purchasing by single and married women has increasedalmost 50% in the past decade, and grew...
Marketing Jun 05, 2017 Rapaport News
Diamond jewelry 140
Diamond Prices Stable in May
RAPAPORT PRESSRELEASE, June 5, 2017, New York… Polisheddiamond trading was sluggish in May, with dealers waiting for this week’s LasVegas shows to get better deals and assess the pulse of the market. Suppliersheld prices...
Polished Markets Jun 05, 2017 Rapaport
diamonds pearls
US Jewelry Stores Closing at Slower Rate
The shrinking of the US jewelry industry slowed in the firstquarter, as the number of shops shutting their doors dropped by 16%, accordingto the Jewelers Board of Trade (JBT).The decrease in jewelry store closings around the country —318...
Retail Apr 24, 2017 Rapaport News
Borsheims
Berkshire Hathaway’s Retail Sales Jump
Revenue from Berkshire Hathaway’s retail division, includingthree jewelry businesses, grew 14 percent to $15.09 billion last year, thecompany reported over the weekend.Pre-tax earnings for the unit increased 17 percent to $659 millionin 2016, the...
Retail Feb 27, 2017 Rapaport News
De Grisogono
De Grisogono Eyes U.S. Growth With New Deal
De Grisogono, a high-end jeweler that has bought some of theworld’s largest rough diamonds, has entered into a partnership for itsAmerican operations in an attempt to develop its brand in the U.S.David and Lisa Klein, who own DLK,...
Retail Feb 12, 2017 Rapaport News
Birks Group Vancouver store
Birks Holiday Sales Defy U.S. Jewelry Dip
Birks Group reported comparable-store sales grew 11 percent in a record holiday season for the retailer as the average spend per shopper rose and agreater proportion of store visits translated into purchases.Comparable-store sales jumped 16 percent...
Retail Jan 15, 2017 Rapaport News
michael hill
Weak U.S. Sales Inhibit Michael Hill Growth
Michael Hill reported group sales increased 5.7 percent to $240.3million (AUD 328.1 million) in the first fiscal half despite its sluggish performance in the U.S.Global same-store sales increased 1 percent during the sixmonths that...
Retail Jan 09, 2017 Rapaport News
Bull
Diamond Shares Sparkle in Bullish 2016
Jewelry and diamond mining stocks gained in 2016, ridingthe wave of resurgent financial markets in the last two months of the year.The strong performance mirrored the Dow Jones IndustrialAverage, which leapt 13 percent for the...
Financial-Legal Jan 01, 2017 Joshua Freedman
Jared
Signet Shares Advance on Upbeat Sales Forecast
Signet Jewelers increased its full-year earnings guidance asresults were better than anticipated in the third fiscal quarter. The retailer’sshare price rose about 4 percent early Tuesday following the announcement.Profit jumped 13 percent to $17...
Retail Nov 22, 2016 Rapaport News
Manufacturing
More U.S. Jewelers Close Shop in 3Q
Jewelry business closures in the U.S. increased 31 percent to416 nationwide in the third quarter, according to data from the Jewelers Boardof Trade (JBT). Most companies had “ceased operations,” which means theyclosed for reasons...
Financial-Legal Nov 15, 2016 Rapaport News
Luk Fook New York store
Luk Fook Expands in New York
Luk Fookopened its second outlet in New York targeting the city’s large Chinesecommunity.The store is located at New World Mall in Flushing, Queens, one of the largest indoor Asian shopping complexes in the northeastern region of the...
Retail Nov 06, 2016 Rapaport News
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