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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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Weak U.S. Sales Inhibit Michael Hill Growth
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Michael Hill reported group sales increased 5.7 percent to $240.3million (AUD 328.1 million) in the first fiscal half despite its sluggish performance in the U.S.Global same-store sales increased 1 percent during the sixmonths that...
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Retail
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Jan 09, 2017
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Rapaport News
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Diamond Shares Sparkle in Bullish 2016
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Jewelry and diamond mining stocks gained in 2016, ridingthe wave of resurgent financial markets in the last two months of the year.The strong performance mirrored the Dow Jones IndustrialAverage, which leapt 13 percent for the...
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Financial-Legal
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Jan 01, 2017
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Joshua Freedman
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Signet Shares Advance on Upbeat Sales Forecast
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Signet Jewelers increased its full-year earnings guidance asresults were better than anticipated in the third fiscal quarter. The retailer’sshare price rose about 4 percent early Tuesday following the announcement.Profit jumped 13 percent to $17...
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Retail
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Nov 22, 2016
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Rapaport News
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More U.S. Jewelers Close Shop in 3Q
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Jewelry business closures in the U.S. increased 31 percent to416 nationwide in the third quarter, according to data from the Jewelers Boardof Trade (JBT). Most companies had “ceased operations,” which means theyclosed for reasons...
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Financial-Legal
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Nov 15, 2016
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Rapaport News
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