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NRF September
US Consumer Spending Dips
US retail sales stalled between Augustand September, indicating that consumer confidence may be waning in light ofthe escalating trade war. Total purchases for September —excluding automobiles, gasoline and restaurants — dipped 0.1% compared to theprevious...
Retail Oct 17, 2019 Rapaport News
Shanghai
Signet Scaling Back China Buying
Signet Jewelers plans to reduce its purchasing of Chinesegoods by about 50%, aiming to minimize the impact of US tariffs on thebusiness. “We have been successful in working with our vendors to movea significant amount of our China exposure to other...
Retail Sep 09, 2019 Rapaport News
Hong Kong airport protest
Trade Seeks Discount for Hong Kong Show
The Hong Kong Jewelry Manufacturers’ Association (HKJMA)is asking the organizers of the September show for a 25% discount for itsmembers, citing difficult market conditions due to the trade war and socialunrest in the city....
Polished Markets Aug 15, 2019 Joshua Freedman
Tariffs
Tariffs on Chinese Jewelry to Begin September 1
Jewelry imported into the US from China will attract an extra levyof 10%, despite the Trump administration’s decision to postpone tariffs onother goods. While certain health-and-safety products are being removedfrom the prospective tariff...
Retail Aug 14, 2019 Rapaport News
Imports
How Trump’s Tariffs Could Affect the Trade
Long before the threat of tariffs on Chinese goods loomed large,brick-and-mortar retailers in the US were facing challenges. So far this year,US retailers have announced plans to shut down over 7,000 stores after almost6,000 closed in 2018,...
Financial-Legal Aug 11, 2019 Lara Ewen
Jewelers of America DC visit 2019
Tariffs, Taxes Top JA Washington Agenda
A delegation from Jewelersof America (JA) has met with US lawmakers and congressional staff to discuss trade and tax concerns affecting its members. Themeeting, which took place on Capitol Hill in Washington, DC, on June 19,...
Financial-Legal Jul 02, 2019 Rapaport News
Gold and Diamond Rings credit Juliya_Ka slash Shut
US-China Trade War May Hit Jewelry Industry
The Chinese diamond and jewelry industry is facing highimport tariffs to the US as trade tension escalates between Washington andBeijing. On July 10, the US Trade Representative has announced plans for aproposed 10% hike on products from...
Mining Jul 15, 2018 Rapaport News
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