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Michael Hill 150
Canada Stores Boost Michael Hill
Michael Hill saw a 3.3% revenue increase over the last fiscalyear, led primarily by sales in its Canadian stores, the Australia-basedjeweler reported. Revenue rose to $447.2 million (AUD 599.7 million) for the12 months ending...
Retail Jul 10, 2018 Rapaport News
De Grisogono
De Grisogono Confirms 28 Layoffs in Switzerland
Luxury jeweler De Grisogono will cut 28 jobs atits Swiss operation following disappointing sales. The final figure is lower than the 31 positions it hadpreviously expected to slash, the company said last week. The Geneva-headquartered firm...
Retail May 06, 2018 Rapaport News
Avery 150
Industry Mourns Death of Jeweler James Avery
Texas jeweler James Avery, creator of a popular brand thatbears his name, has died at 96. “We are forever grateful to Mr. Avery for giving us theopportunity to be a part of his dream,” the retailer said in a Twitter post...
Retail May 02, 2018 Rapaport News
Jospeh Samuel 150
Jeweler Joseph Samuel Dies at 92
Joseph Samuel Jr., the former president of jewelry retailerJ. & S.S. DeYoung, died last week at 92. “Joseph Samuel was an exceptional man who contributed to the development of the diamond and jewelry industry,” said...
Polished Markets May 01, 2018 Rapaport News
Michael Hill 150
Michael Hill to Close All US Stores
Michael Hill will close all its US stores by April 30 andpull out of the American market entirely, the company said. In January, the retailer announced it was looking for abuyer for the nine stores it operates...
Retail Apr 15, 2018 Rapaport News
Herb Bridge 150
Ben Bridge Chairman Dies at 93
Herb Bridge, co-chairman of jeweler Ben Bridge and much ofthe force behind its global expansion, died at age 93 on Monday. Bridge grew up in the family-run business, which has been inoperation since 1912, and worked...
Retail Apr 04, 2018 Rapaport News
Jared store 150
Jared to Offer Luxury Watch Trade-In
Jared The Galleria of Jewelry is launching a trade-inprogram for luxury watches at its US stores. Partnering with Crown & Caliber — an online marketplacefor pre-owned luxury timepieces — the jeweler will allow customers to exchangetheir watches for in-store...
Retail Apr 03, 2018 Rapaport News
Jewelers Respond to NGO’s Claims
Jewelers Hit Back at Human Rights Watch
Jewelers dismissed a Human Rights Watch (HRW) report which claimed companies and the Responsible Jewellery Council (RJC) did not provide sufficient ethical sourcing guarantees.“We have reviewed the Human Rights Watch report...
Retail Feb 14, 2018 Leah Meirovich
Nirav Modi Accused of Bank Fraud 150
Nirav Modi Under Investigation for Bank Fraud
India’s Central Bureau of Investigation (CBI) has launched aprobe into billionaire jeweler Nirav Modi over allegations he defrauded a statebank of $44 million, Reuters reported.The Punjab National Bank complained to the CBI that Modi andothers...
Retail Feb 11, 2018 Rapaport News
Zales 150
Jeweler Sues Zales over Google Results
A jeweler in Idaho has sued Zales, claiming the retailerused its name in online advertisements to redirect customers to zales.com.During the November 2016 Black Friday season, Googlesearches for Jensen Jewelers returned a paid result at the top...
Retail Feb 05, 2018 Rapaport News
Michael Hill 150
Michael Hill to Exit US Market
Michael Hill will close its US operations after a run of disappointing sales results in the “challenging” and “loss-making” market, the Australia-based jeweler said Wednesday. “Our time in the highly competitive US jewelry market taughtus a lot...
Retail Jan 25, 2018 Rapaport News
Michael Hill Sales Rise 150
Michael Hill Enjoys Half-Year Boost
Michael Hill’s sales rose 4.7% in the fiscal first half asgrowth in Canada and New Zealand outweighed a weaker performance in the US. Group revenue increased to $273.1 million (AUD 341.5million) in the six months that...
Retail Jan 22, 2018 Rapaport News
Luk Fook Sales Rise 150
Luk Fook Sees Modest Sales Gain
Luk Fook’s same-store sales increased 1% year on year in thethird quarter ending December 31, driven by a 10% rise in gem-set jewelry.“The gem-set jewelry products in [the] Hong Kong and Macau market continued to benefit from the...
Retail Jan 18, 2018 Rapaport News
Pandora Shakes Up Senior Team
Pandora Seeks New Americas Chief
Pandora chief financial officer Peter Vekslund and presidentof Americas Scott Burger are leaving the company, the Danish jeweler reportedlast week. Anders Boyer, a member of Pandora’s board of directors since2012 and the CFO...
Retail Jan 16, 2018 Rapaport News
theo fennell Store
Theo Fennell Hands Control to Rescuers
UK jeweler Theo Fennell has entered administration, almostfour years after a private equity group acquired the high-end retailer.Administrators from professional-services firm BDO havealready received “a number of expressions of interest” since their appointmenton Friday, BDO...
Retail May 21, 2017 Rapaport News
Stuller HQ
Stuller Hedging its Bet on Synthetics
Ranked among the largest jewelry wholesalers, Louisiana-based Stuller Inc. has made some bold moves in the past year as it navigates the ongoing volatile market conditions. Among these include dropping its De Beers sightholder...
Retail Jul 14, 2016 Avi Krawitz
US Patent and Trademark Office logo
US Grants Industry Trademarks to A. Dalumi, Maiden Lane Jewelry and Others
The U.S. Patent & Trademark Office (USPTO) assigned the trademark "Golden Diamonds By Dalumi" to A. Dalumi Diamonds Ltd., a diamantaire based in Israel on July 28 with the registration number 4783273. A. Dalumi filed for the trademark...
Financial-Legal Aug 03, 2015 Ronen Shnidman
Shlomo Moussaieff
Shlomo Moussaieff Jeweler to Royalty Dies at 92
Shlomo Moussaieff, diamantaire and jeweler to royalty, died earlier this week at 92 years of age.Moussaieff was born in Jerusalem in 1925 to a Jewish family with roots tracing to Bukhara, a city located today in Uzbekistan. His father was a prominent...
Retail Jul 02, 2015 Ronen Shnidman
birks mayors
Birks Group Loss Widens to $9M But Sales +7%
Birks Group reported that sales improved 7.3 percent year on year to $301.6 million in the fiscal year that ended on March 28. Comparable-store sales rose 16 percent due in large part to much higher average sale...
Financial-Legal Jun 29, 2015 Jeff Miller
Shreve & Co. to Relocate to Union Square in San Francisco
Shreve & Co., which occupied 200 Post Street in San Francisco for 109 years and was unable to renew its lease in April, found a new location and will be moving to Union Square. Glen Ross,...
Retail Jun 08, 2015 Jeff Miller
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