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Antwerp
Belgium Shipments Hit 10-Year Low
Belgium’s diamond trade declined in 2019 as excess supply led to slower demand for rough and polished, the Antwerp World Diamond Centre said Wednesday.Polished exports fell 13% to $9.93 billion, their lowest level since...
Polished Markets Jan 16, 2020 Rapaport News
Store in NY diamond district
US Trade Slowdown Continues
US diamond shipments fell in November, according to government data. Polished imports declined19% as lower volumes outweighed an increase in the average price. US Trade Data for November 2019 Nov 2019 Year-on-year change Polished imports $1,382 -19%...
Polished Markets Jan 13, 2020 Rapaport News
Signet Kay
Signet Takes Hit Following Wells Fargo Report
Signet Jewelers is losing market share to competitors and faces risks from its credit operations, according to an analyst’s report that sent the retailer’s stock tumbling.Ike Boruchow, senior analyst at Wells Fargo, raised concerns that...
Retail Jan 08, 2020 Rapaport News
Shopping mall marlborough ma
US Consumer Spending Unlikely to Grow Soon
Consumer confidence fell slightly in December, The Conference Board reported, forecasting that spending would not improve significantly in early 2020.The business-data provider’s Consumer Confidence Index decreased marginally in December to 126.5 from 126.8 in November,...
Retail Jan 06, 2020 Rapaport News
NY
US Polished Imports Decline
The USdiamond trade continued to slow in October. Polished imports fell 38% to $1.45billion for the month, marking the steepest year-on-year drop since 2009 andthe seventh consecutive month of decline, according to Rapaport records. Polished...
Polished Markets Dec 25, 2019 Rapaport News
TAG Heuer
Hong Kong Slump Disrupts Swiss Watches
Swiss watch exports fell in November as orders from HongKong continued to slow. Shipments to all countries declined 3.5% to CHF 1.99 billion($2.03 billion) in November, the Federation of the Swiss Watch Industryreported last week. That mainly...
Watches Dec 22, 2019 Rapaport News
Tiffany Hong Kong store
Tiffany Sales Stall as Tourist Spending Dries Up
Sales at Tiffany & Co. were flat at $1.01 billion in thethird fiscal quarter as increases in mainland China compensated for weakspending in the US and Hong Kong. Revenue declined 4% to $422.5 million in the Americas region assales to tourists...
Retail Dec 05, 2019 Rapaport News
New York
US Polished Trade Continues to Decline
US polished-diamondimports fell 24% to $1.48 billion in September, according to the latest datafrom the US Commerce Department. The decline reflected lower volumes and a dropin the average price. Polished imports fell 13% to $15.37 billion for...
Polished Markets Dec 01, 2019 Rapaport News
New York 47th Street
US Diamond Shipments Drop in August
US polished-diamondimports fell 25% to $1.3 billion in August, reflecting a decline in volumes andaverage price. Imports were down 11% for the first eight months of the year,according to the latest data from the US Commerce Department. US Trade...
Polished Markets Oct 30, 2019 Rapaport News
De Beers Insight Report Oct 2019
More Brides Buying Their Own Engagement Rings
US women increasingly buy engagement rings forthemselves, and spend more on them than their partners do, De Beers said Mondayin its annual Diamond Insight Report. The proportion of engagement rings financed solely by brides rose...
Retail Oct 29, 2019 Rapaport News
Tiffany necklace
LVMH Proposes Tiffany Takeover
LVMH Moët Hennessy Louis Vuitton has approached Tiffany & Co. about acquiring the US jeweler for almost $15 billion, according to media reports. The Paris-based luxury group submitted a non-binding offerto Tiffany earlier...
Retail Oct 27, 2019 Rapaport News
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
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
Diamond engagement ring
UBS Predicts Drop in Diamond-Jewelry Sales
Global diamond-jewelry demand will decline 2% this year asstock-market volatility in the US is likely to affect consumer sentiment, UBSpredicted. “Demand in 2019 [to date] has been lackluster, and we expecta modest decline in global diamond-jewelry sales in [the...
Retail Oct 02, 2019 Rapaport News
New York 47th street
US Polished Imports Decline
USpolished-diamond imports dropped 21% to $1.6 billion in July, according to thelatest data from the Commerce Department. This year’s downwardtrend has continued, with polished imports falling 10% for the first seven months.The average...
Polished Markets Sep 24, 2019 Rapaport News
John McCullough
James Avery Picks Non-Family Member as CEO
James Avery Artisan Jewelry has named John McCullough as CEO— the first non-family member to lead the Texas-based retailer. McCullough, who was previously chief operating officer (COO),succeeds Chris Avery, who has been...
Mining Sep 10, 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
Image: A Kay Jewelers store in New Jersey. (Shutte
Signet Revenue Drops in First Quarter
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...
Retail Jun 06, 2019 Rapaport News
NY jewelry store
US Polished Imports Rise in 1Q
Shipments of polished diamonds to the US grew 4% to $5.51billion in the first quarter, as a stronger March canceled out a negative startto the year. Imports rose 13% to $2.23 billion for the month, compared with a1% rise in January...
Polished Markets Jun 06, 2019 Rapaport News
PGI platinum and diamond engagement ring 150
Platinum Jewelry Sales Saw Strong 2018
Platinum-jewelry demand grew in India and the US in 2018, as younger consumers and male buyers responded strongly to marketing campaigns,Platinum Guild International (PGI) reported. US sales at PGI’s retail members grew 11% amid stronggrowth in the bridal...
Retail May 27, 2019 Rapaport News
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