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De Beers Launches Online Rough-Sales Platform
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De Beers has launched an e-commerce site that lets clients buy rough on demand, creating an opportunity for sales during the weak market.An initiative of De Beers’ auctions unit, the new Buy platform gives registered buyers...
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Rough Markets
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May 10, 2020
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Rapaport News
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Belgium, Israel to Hold Online Diamond Fair
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Belgian and Israeli industry organizations are jointly organizing a virtual trade show to compensate for the cancellation of major exhibitions around the world.The Online Diamond Trade Fair will run from March 30 to April 3, the...
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Polished Markets
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Mar 18, 2020
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Rapaport News
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Online Growth Boosts Michael Hill Sales
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Revenue at Michael Hill grew 4.4% year on year to AUD 329.5 million ($216.7 million) in the Australian jeweler’s first fiscal half, as investments in digital platforms paid off.Same-store sales — at retail locations open for at least a year...
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Retail
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Feb 27, 2020
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Rapaport News
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Alibaba Sees Record Singles’ Day Sales
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Singles’ Day has continued to grow as a major onlineshopping occasion in China, with Alibaba Group reporting record sales through itse-commerce sites. The total value of transactions on the Chinese retailgiant’s platforms rose 26% to CNY 268.4...
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Retail
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Nov 12, 2019
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Rapaport News
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Costco Sells $220,000 Diamond Ring
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Costco sold a diamond ring worth $220,000 in the fourth fiscal quarter, the membership-based warehouse retailer saidearlier this month. Executivevice president and chief financial officer Richard Galanti confirmed thesale during the company’s...
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Retail
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Oct 16, 2019
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Rapaport News
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Net-a-Porter to Debut VIP-Only Site
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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...
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Retail
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Jul 04, 2019
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Rapaport News
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Signet Revenue Drops in First Quarter
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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...
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Retail
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Jun 06, 2019
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Rapaport News
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Signet Fixes Data Issue at Kay, Jared
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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...
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Retail
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Dec 05, 2018
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Rapaport News
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Israel Trade Signs Alibaba Consumer Deal
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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...
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Retail
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Oct 18, 2018
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Rapaport News
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Jewelers Cheer Online-Sales-Tax Ruling
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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....
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Retail
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Jun 24, 2018
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Rapaport News
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US, Asia Troubles Hit Pandora Sales
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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,...
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Retail
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May 17, 2018
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Rapaport News
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Blue Nile Names New Merchandising Head
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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...
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Retail
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Mar 22, 2018
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Rapaport News
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Israel Bourse Strikes Deal with Alibaba
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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...
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Technology
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Jan 25, 2018
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Joshua Freedman
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Retail Enjoying Impressive Season
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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...
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Retail
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Dec 17, 2017
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Rapaport News
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Mobile Drives Singles’ Day Sales Beyond $25B
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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,...
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Retail
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Nov 13, 2017
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Rapaport News
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E-commerce Site Aggregates Small Jewelers’ Stocks
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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...
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Retail
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Oct 18, 2017
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Rapaport News
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Chow Tai Fook Picks Online Sales Partner
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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...
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Retail
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May 10, 2017
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Rapaport News
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Retail
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Nov 19, 2015
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Rapaport News
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Retail
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Nov 18, 2015
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Rapaport News
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$10B Settled on Alipay by Afternoon of Singles Day
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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...
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Retail
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Nov 12, 2015
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Rapaport News
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