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Costco
Costco Sells $220,000 Diamond Ring
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...
Retail Oct 16, 2019 Rapaport News
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
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
Cyber Monday
Mobile-Savvy Millennials Drive Cyber Monday Jump
Cyber Monday sales rose to record levels this year, with millennial consumers driving growth through transactions on their mobile devices, according to Adobe Digital Insights. Sales rose 17% to $6.59 billion as at 10 p.m. EST on the...
Retail Nov 30, 2017 Rapaport News
Jason Goldberger Blue Nile
Target Exec to Become Blue Nile CEO
Blue Nile has appointed Target executive Jason Goldberger asCEO to replace Harvey Kanter, four months after the online diamond retailer’sacquisition by a private-equity group.Goldberger (pictured) has 20 years’ experience in senior positions at e-commercegroups, including Amazon,...
Retail Jun 11, 2017 Rapaport News
CanadaMark 140
James Allen Links Up with CanadaMark
James Allen has become the exclusive online retailer ofCanadaMark diamonds, following a deal between the e-commerce site’s owner andCanada-based miner Dominion Diamond Corporation.All diamonds listed on James Allen under the Dominion-owned CanadaMarkbrand...
Retail Jun 05, 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
james allen
Equity Firm Buys Major Stake in James Allen
Online diamond retailer James Allen has received a $140 million equity investment from Francisco Partners.The investment gives the private-equity firm a near-50% stake in the NewYork-based R2Net, which owns James Allen, valuing the...
Retail Apr 09, 2017 Rapaport News
JCPenney store
J.C. Penney Scales Back Physical Stores
J.C. Penney plans to close 130 to 140 stores this year,joining the list of major U.S. retailers downsizing their brick-and-mortarnetworks in the face of growing competition from ecommerce.The department-store chain will shut 13 to 14 percent of itsoutlets and...
Retail Feb 27, 2017 Rapaport News
Radiant North Birks
Birks Inks Deal to Sell Diamonds in Asia
Montreal-based Birks Group has tied up with onlineretailer Luxify to sell top-end polished diamonds to consumers in Asia.The companies will offer rare diamonds of Canadian origin onthe Luxify ecommerce site, including the 35.11-carat, fancy darkyellowish-brown...
Retail Jan 26, 2017 Rapaport News
Nordstrom
Nordstrom Names Exec to Tap Online Retail Growth
Nordstrom appointed Geevy Thomas to a new role of chiefinnovation officer to help the retailer keep up with trends in consumer habitsand strengthen online sales.Former salesman Thomas has served for 34 years at thecompany and was most recently...
Retail Jan 12, 2017 Rapaport News
Shopping Mall
U.S. Retailer Shuts 250 Stores to Move Online
Women’s apparel chain The Limited has closed all 250stores and has moved all sales to its online platform, reflecting an increasingly challengingenvironment for bricks-and-mortar retailers.“We’re sad to say that all The Limited stores...
Retail Jan 10, 2017 Rapaport News
shopping app
Blue Nile Says Takeover Bid Unchallenged
Blue Nile did not receive any takeover bids during a 30-dayperiod in which it was allowed to consider proposals from third parties,according to a company filing with the U.S. Securities and Exchange Commission.The disclosure comes after...
Retail Dec 08, 2016 Rapaport News
Alibaba Singles Day
Alibaba Sells Record $18B in Single Day
Sales on Alibaba Group’s Alipay platform jumped 32 percent onSingles’ Day, underlining the day’s growing importance on the Chinese retailcalendar.The total value of transactions hit $17.8 billion (RMB 120.7billion) compared to $14.3 billion last year,...
Retail Nov 13, 2016 Rapaport News
Donald Trump
JA: Trump Election Won't Impact Proposed Tax Bill
Trade body Jewelers of America (JA) said attempts to achievetax “fairness” in the U.S. should be unaffected by the Republican Party’scontinued control of the Senate.The tussle to pass the MarketplaceFairness Act will continue in 2017 and the Senate...
Retail Nov 13, 2016 Rapaport News
Computer Laptop E-Commerce ecommerce e commerce cr
Dalumi Group Buys Online Jeweler Zoara
Israel-based diamond manufacturer The DalumiGroup acquired online diamond and jewelry retailer Zoara.com.The deal gives Zoara direct access to wholesale suppliersand repositions the site as a “leading” jewelry ecommerce platform, saidDalumi, a De Beers sightholder. Zoara...
Retail Nov 09, 2016 Rapaport News
Harvey Kanter
Blue Nile to be Sold for $500M
Blue Nile agreed to be acquired by a private-equity investor group as the online diamond retailer’s profit slumped in the third fiscal quarter.Bain Capital PrivateEquity and Bow Street will buy all outstanding shares of BlueNile common stock...
Retail Nov 07, 2016 Rapaport News
pandora
Pandora Eyes China Breakthrough via Online Entry
Pandora has launched on Alibaba’s ecommerce platformTmall.com, as the Denmark-based jeweler aims to break into the Chinese market.Internet retailing, which grew 53 percent last year, is gainingtraction in China because of faster internet, improved payment security andincreasing...
Retail Oct 18, 2016 Rapaport News
Seattle
Blue Nile to Open Webroom in Seattle
Blue Nile will open a ‘webroom’ near its headquarters inSeattle, Washington, as the online diamond retailer expands itsbricks-and-mortar footprint with its fifth physical store.The ‘webroom’ concept allows customers to try out engagementrings on-site...
Retail Sep 07, 2016 Rapaport News
Harvey Kanter
Blue Nile Sales Below Expectations
Blue Nile missed its own quarterly revenue and earnings guidance as engagement ring sales slowed amid global economic uncertainty.Revenue crept up 0.1 percent to $113.8 million in the secondquarter ending July 3, with U.S. engagement-ring...
Retail Aug 09, 2016 Rapaport News
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