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Podcast: Rise in Grading Activity Signals Recovery
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The numberof jewelry pieces being sent to the International Gemological Institute (IGI) forgrading and authentication continues to increase, indicating a faster-than-expected revival among jewelers, according to CEO Roland Lorie.“I think that the problems come...
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Polished Markets
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Aug 17, 2020
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Rapaport News
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Jewelry Brand Fana Names Sales Specialists
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Fana, a New York-based bridal and fine-jewelry brand, has appointed three senior staff members to shore up its sales operations and interactions with retail partners.Shelby Sterrett, who joined the company in February, will lead...
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Retail
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Aug 13, 2020
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Rapaport News
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Mom-and-Pop Stores Doing OK – for Now
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Independent US jewelers have weathered the Covid-19 crisis well, but face a serious challenge if the pandemic persists, according to Jewelers of America (JA) CEO David Bonaparte.“Mainstream mom-and-pop retail jewelers, especially the ones that are...
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Retail
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Jul 22, 2020
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Joshua Freedman
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How Three Jewelers Are Coping During COVID-19
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Can my company survive this crisis? How long will the shutdown last? Should I lay my workers off? Should I apply for government support? The coronavirus outbreak has left US jewelers with a string of questions. There...
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Retail
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Apr 07, 2020
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Joshua Freedman
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Hamilton Jewelers Mourns Martin Siegel
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Martin Siegel, the chairman of Hamilton Jewelers who wasinstrumental in growing the US retailer’s brand, died on December 17, thecompany announced. He was 86. Born in New Jersey, Siegel joined his father’sfine-jewelry business on leaving the army...
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Retail
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Dec 19, 2019
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Rapaport News
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Diamond Market More Optimistic
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RAPAPORT PRESS RELEASE, December 3, 2019, Las Vegas … Sentiment in the diamond industry improved amid rising expectations for the holiday season. A rallying stock market fueled optimism as the Dow average climbed 3% in November, and...
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Polished Markets
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Dec 03, 2019
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Rapaport
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JSA Warns Jewelers of Power-Cut Break-Ins
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The Jewelers’ Security Alliance (JSA)has issued a “code red” warning ahead of Thursday’s July 4celebrations in the US. The New York-based association,which provides crime information andassistance to jewelers across America, has warned that power...
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Retail
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Jul 03, 2019
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Rapaport News
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Jewelers Upbeat About January Sales
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Whoever considered the holiday season over might need tothink again: Many jewelers are seeing just as much business during January asthey witnessed during the Christmas period, if discussions on a popularsocial-media forum are anything...
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Retail
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Jan 09, 2019
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Rapaport News
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Weak Rupee Raises Hopes for Indian Exports
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A weaker rupee againstthe US dollar has helped boost exports to leading markets such as the US andChina, attendees at the India International Jewellery Show (IIJS) reported. “The jewelry anddiamond and colored-gemstone business is flourishing,” Gaetano Cavalieri,president...
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Mining
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Aug 13, 2018
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David Brough
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133 Jewelers Join Sector in First Half
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The number of new jewelry businesses in the US jumped 87% inthe first half of the year, even as the industry continued to shrink overall. A total of 133 companies entered the sector in the sixmonths to June 30, compared...
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Polished Markets
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Jul 19, 2018
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Rapaport News
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India’s SBI Tightens Loan Terms for Jewelers
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The State Bank of India (SBI) has introduced stricter lending conditions for certain gem and jewelry companies in the wake of the Nirav Modi scandal, The Economic Times reported. India’s largest bank will...
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Financial-Legal
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Mar 12, 2018
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Rapaport News
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Jewelers’ Ethical Sourcing Below Par, Report Says
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Jewelry and watch companies need to increase efforts toensure their supply chains are free of human-rights abuses, a campaign group cautioned in a report last week.“Many jewelers can do more to find out if their gold ordiamonds are...
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Retail
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Feb 11, 2018
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Rapaport News
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Forevermark Sales Spike During Holiday Season
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De Beers saw a large jump in sales of Forevermark diamonds this holiday as the miner ramped up marketing of its retail brand. Jewelers sold 38% more Forevermark stones during the 2017season versus last year, with sales...
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Retail
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Jan 23, 2018
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Rapaport News
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US Jewelry Business Closures Slow in 1H
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The rate at which the US jewelry industry is shrinking slowed in the first half of 2017, as the number of businesses that closed dropped by 34% to 553, according to the Jewelers Board of Trade (JBT).“The decline in the number of companies...
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Retail
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Jul 23, 2017
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Rapaport News
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Forevermark Ads to Refocus on Women
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Forevermark will target female buyers in its holiday-seasonmarketing campaign this year, following a sharp shift in the way consumers acquiretheir jewelry.Self-purchasing by single and married women has increasedalmost 50% in the past decade, and grew...
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Marketing
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Jun 05, 2017
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Rapaport News
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Diamond Prices Stable in May
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RAPAPORT PRESSRELEASE, June 5, 2017, New York… Polisheddiamond trading was sluggish in May, with dealers waiting for this week’s LasVegas shows to get better deals and assess the pulse of the market. Suppliersheld prices...
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Polished Markets
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Jun 05, 2017
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Rapaport
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US Jewelry Stores Closing at Slower Rate
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The shrinking of the US jewelry industry slowed in the firstquarter, as the number of shops shutting their doors dropped by 16%, accordingto the Jewelers Board of Trade (JBT).The decrease in jewelry store closings around the country —318...
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Retail
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Apr 24, 2017
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Rapaport News
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Berkshire Hathaway’s Retail Sales Jump
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Revenue from Berkshire Hathaway’s retail division, includingthree jewelry businesses, grew 14 percent to $15.09 billion last year, thecompany reported over the weekend.Pre-tax earnings for the unit increased 17 percent to $659 millionin 2016, the...
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Retail
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Feb 27, 2017
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Rapaport News
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De Grisogono Eyes U.S. Growth With New Deal
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De Grisogono, a high-end jeweler that has bought some of theworld’s largest rough diamonds, has entered into a partnership for itsAmerican operations in an attempt to develop its brand in the U.S.David and Lisa Klein, who own DLK,...
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Retail
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Feb 12, 2017
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Rapaport News
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Birks Holiday Sales Defy U.S. Jewelry Dip
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Birks Group reported comparable-store sales grew 11 percent in a record holiday season for the retailer as the average spend per shopper rose and agreater proportion of store visits translated into purchases.Comparable-store sales jumped 16 percent...
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Retail
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Jan 15, 2017
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Rapaport News
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