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U.S. Wholesale
Outlook: Steady SalesThe momentum from June’s JCK Las Vegas Show is still prevalent in the wholesale market, creating a strong sales environment in the typically slow summer months. “Sales have picked up since June. Most of the customers have figured out what they want to stock for...
Polished Markets Aug 01, 2013 Ricci Dipshan
Shree Ganesh Jewellery House
Progruss Investments to Buy 15% Stake in Shree Ganesh
Progruss Investments will invest $25.2 million (INR 1.5 billion) in Shree Ganesh Jewellery House, according to a BSE filing. Shree Ganesh Jewellery House proposed offering 12 million shares on a preferential basis to Progruss Investments for the...
Financial-Legal Jul 02, 2013 Ricci Dipshan
U.S. Wholesale
As Economy Picks Up, So Do SalesOptimism about the state of the diamond and jewelry market was pervasive among wholesalers coming off a strong showing at JCK Las Vegas. “The show went well for us,” noted Ed Eleasian, vice president of Elie International, a New York City manufacturer of colored...
Manufacturing Jul 02, 2013 Ricci Dipshan
Security Seminar Alerts Trade to Home Invasions, Crime
The 47th Street Business Improvement District (BID) in Manhattan hosted a “Safety and Security for Jewelry” seminar today to educate jewelers in and around the diamond district on industry-wide crime trends and crime prevention. The...
Financial-Legal Jun 19, 2013 Ricci Dipshan
Online Video Ads Surge 58% in May
Digital metrics firm comScore Inc. reported that the number of U.S. Internet users who watched video content grew 1.1 percent year on year in May to 182 million, while the number of videos viewed grew...
Research Jun 18, 2013 Ricci Dipshan
U.S. Marshals Service Holds Diamond, Jewelry Auction
The U.S. Marshals Service will host a live and Internet simulcast auction Saturday June 8, at 10 a.m. PDT in Las Vegas and online at www.txauction.com. The auction will offer 300 lots of gold and silver bullion...
Retail Jun 03, 2013 Ricci Dipshan
tiffany small
Tiffany to Open First Store in Russia in 2014
Tiffany & Co. announced plans to open its first retail outlet in Russia — a two-level store in Moscow’s GUM department store, located in Red Square. The store will be approximately 4,520 square feet and is expected to open...
Retail Jun 03, 2013 Ricci Dipshan
Headquarters 901 W. Walnut Hill LaneIrving, Texas 75038OfficersCEO: Theo KillionChief Administrative Officer: Matthew W. Appel Fiscal 2012 Sales: $1.87 billion Fiscal 2012 Loss: $27 millionAdvertising Spend While Zales did not highlight its marketing budget for its 2012 fiscal year, it was included in its...
Retail May 31, 2013
U.S. Headquarters375 Ghent RoadAkron, Ohio 44333OfficersChief Executive Officer (CEO) and Director: Mike BarnesCEO of Signet’s U.S. division: Mark LightFiscal 2013 U.S. Sales: $3.27 billion Fiscal 2013 U.S. and U.K. Profit: $359.9 million Advertising Spend Advertising increased to $224.3 million in fiscal 2013 from...
Retail May 31, 2013
U.S. Wholesale
Prices on the UptickThe spring wholesale market is usually marked by a slowdown in anticipation of the JCK Las Vegas show, and this spring was no exception. “Sales have been seasonally slow, which is typical just before the show, mainly because most of the customers wait to see new varieties...
Polished Markets May 31, 2013 Ricci Dipshan
The Big Boys
Signet Jewelers, Zales, Costco, Sam’s Club, Target and Wal-Mart are a huge force in the jewelry industry. This is not only because their stores are staples in most malls and towns across the U.S., but also because they attract a wide range of jewelry buyers. After...
Retail May 31, 2013 Ricci Dipshan
samuels jewelers
Gitanjali Gems FY Sales +27%, Profit +21%
Gitanjali Gems Ltd. reported that group sales rose 27 percent year on year to $2.9 billion (INR 164 billion) during its financial year that ended on March 31. Strong sales were noted for gold...
Financial-Legal May 28, 2013 Ricci Dipshan
Court Dismisses Wynn Diamond Case
The U.S District Court of the Central District of California granted a motion for summary judgment in the ''Wynn Diamond'' case to defendant Brett Stettner. The plaintiff, Diane Breitman, the owner of Queen of Diamonds of Los Angeles,...
Financial-Legal May 24, 2013 Ricci Dipshan
U.S. Wholesale
Surprisingly Strong SalesFears of an industry slowdown vanished in April as the market quickly regained momentum it had lost in March. The unexpectedly strong sales environment was especially welcome given the cyclical market slowdown that typically occurs in early spring. “Sales have been surprisingly strong considering the...
Polished Markets Apr 30, 2013 Ricci Dipshan
DGSE Moves Headquarters in Dallas
DGSE Companies Inc. announced the relocation and consolidation of its corporate operations, including multiple branch headquarters and personnel, into a single national headquarters in Dallas, Texas.The new headquarters for DGSE will be at 15850 Dallas...
Financial-Legal Apr 17, 2013 Ricci Dipshan
U.S. Wholesale
Hitting a Speed BumpSince the beginning of 2013, a sense of optimism has pervaded the wholesale market. “There is less fear of owning goods, and I think the public is asking for more goods — demand has been great from the start of the year. Overall, there is a lot more confidence...
Polished Markets Apr 01, 2013 Ricci Dipshan
Int. Jewellery and Watch Show Opens in Abu Dhabi
The 21st edition of the International Jewellery & Watch Show (JWS) was opened in Abu Dhabi at the Abu Dhabi National Exhibition Centre by Sheikh Mohamed Bin Hamdan Bin Zayed Al Nahyan. The event, which...
Polished Markets Mar 14, 2013 Ricci Dipshan
U.S. Wholesale
Strong Close, Robust Opening…For NowIn the weeks since the close of the year-end holiday season, sales in the wholesale market were holding strong. “Sales have been steady,” noted Nilesh Sheth, president of Nice Diamonds in New York City. “Our customers have placed decent-size orders...
Polished Markets Feb 26, 2013 Ricci Dipshan
The Diamond Promise
On some community outreach programs, Rio Tinto works in cooperation with such organizations as United Nations International Children’s Fund (UNICEF). Photo courtesy Rio Tinto Diamonds. In the push for sustainable and ethical development in the diamond and jewelry industry, an old adage is ringing true — “If you...
Marketing Feb 26, 2013 Ricci Dipshan
comScore sm
Online Video Ads Surge 63% in January
Digital metrics firm comScore Inc. reported that the number of U.S. Internet users who watched video content fell 0.5 percent year on year in January to 180 million, while the number of videos viewed fell...
Research Feb 22, 2013 Ricci Dipshan
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