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jewelry tariffs
US Trade Continues to Downsize
The US jewelry industry contracted in 2019 as the number of businesses closing shop continued to exceed new entrants.The sector shrank 3.3% to 24,565 companies active in the fourth quarter, compared with 25,400 a year earlier, according to data...
Retail Jan 20, 2020 Rapaport News
Jewelry store New York diamond district
US Trade Confident as Polished Imports Surge
Dealers expressed optimism for the US diamond marketafter polished imports rose last year to their highest level since 2014.Shipments to the country jumped 8% to $23.3 billion in2018, according to the US Census Bureau, despite more modest...
Polished Markets Apr 03, 2019 Joshua Freedman
Diamond Foundry
Diamond Foundry Hikes Output, Prices
Diamond Foundry is increasing its production more than tenfoldand raising wholesale prices 15%, as it predicts an uptick in demand forlab-grown diamonds. The company believes there is a shortage ofsynthetic-diamond supply while consumer interest in the product is rising....
Polished Markets Jan 09, 2019 Joshua Freedman
Holiday diamond
Now’s Too Late to Start Courting Retailers
Will the holiday season bring joy to wholesalers andmanufacturers? Traditionally, the industry looks to the fourth quarter to turna profit, but some are taking a longer view in hopes of making the holidayspart of a 12-month business.“All barometers...
Retail Nov 26, 2018 Joyce Kauf
Damiani Sees Jump in Retail Sales 150
Damiani Revenue Up Amid Retail Growth
Damiani Group saw sales edge up in the fiscal first half as theItalian jeweler expanded its retail business in markets outside its homecountry. Total revenue climbed 0.2% to $85.7 million (EUR 69.9million) year on year in the...
Retail Jan 23, 2018 Rapaport News
National Pawn
DGSE in Talks to Buy National Pawn
DGSE Companies has expressed its interest in acquiring National Pawn, a 27-store pawnshop chain based in Austin, Texas.DGSE, a jewelry wholesaler and retailer headquartered inDallas, entered a “non-binding letter of intent” to buy National Pawn andits affiliates,...
Retail Jul 11, 2017 Rapaport News
Pandora Takes Control of Belgium Stores
Pandora agreed to acquire its licensed store network in Belgium and Luxembourg from distributor Gielen Trading as the company aims to take greater control of its brand.The Copenhagen-based jeweler will pay Gielen Trading $14.6million (EUR...
Retail Dec 18, 2016 Rapaport News
Hearts On Fire
Hearts On Fire Sales Weighed by U.S. Challenges
Revenue generated by the Hearts On Fire branddeclined in the first fiscal half because of tough conditions in the U.S.retail market, parent company Chow Tai Fook reported.Sales slid 9 percent to $41.8 million (HKD 324.5 million) inthe...
Retail Nov 29, 2016 Rapaport News
Kent Wong
Chow Tai Fook Targets Diamond Sales in the U.S.
Chow Tai Fook is looking to supply diamonds to U.S. retailers as the jeweler seeks new revenue streams following a sales slump in China and Hong Kong.The company plans to start thebusiness-to-business enterprise within a year and has...
Retail Jul 26, 2016 Rapaport News
Jayden Star Revamps Its Wholesale Website
Jayden Star revamped its wholesale website, www.jaydenstar.com, citing improved navigation and collection pages that are organized by style of jewelry, ranging from sets, necklaces, pendants, earrings, bangles, bracelets, extender and rings. Information...
Technology Jun 16, 2015 Jeff Miller
Rahaminov Diamonds Appoints Regional Sales Manager
Rahaminov Diamonds of Los Angeles appointed Zach Buss as its new southern regional sales director. Previously, Buss was the district manager for Riddles Jewelry in Wyoming. “I am beyond excited to be joining the winning Rahaminov team...
Marketing May 20, 2015 Jeff Miller
Kingold's Sales -33%, Profit -59% in 1Q
Kingold Jewelry Inc. reported that revenue fell 32.9 percent year on year to $206.2 million in the first quarter that ended on March 31. The company contended that sales were dramatically reduced, falling by a total...
Financial-Legal May 18, 2015 Jeff Miller
Kingold's FY Sales -7% But Profit +67%
Kingold Jewelry Inc. reported that sales fell 6.9 percent year on year to $1.11 billion in 2014. The integrated manufacturer cited lower gold prices for the decline in revenue; however, Kingold processed 17.6 percent...
Manufacturing Mar 31, 2015 Jeff Miller
Laxmi Diamonds
Laxmi Combines Two U.S. Divisions
Diamond and jewelry manufacturer The Laxmi Diamond Group will combine its two U.S. divisions -- Sumit Diamond Group and Suberi Brothers -- as part of a strategic development plan. The combined operation will be run from...
Manufacturing Jan 15, 2015 Jeff Miller
SLANE to Discontinue Wholesale Operation
Press Release: Today SLANE, the 18-year-old jewelry company that was founded by sisters Landon Slane and Heath Slane, announced plans to discontinue its wholesale operations while the brand considers a new direction. SLANE...
Manufacturing Jan 14, 2015 SLANE
Diamond District
NY Dealers Club Celebrates Successful India Diamond Week
Press Release: Today marks the conclusion of the first India Diamond Week at the Diamond Dealers Club (DDC) of New York, in conjunction with the Gems & Jewellery Export Promotion Council (GJEPC). Significant business...
Polished Markets Aug 14, 2014 DDC
gem star
Serrao Joins Gem Star to Oversee Business Development
Wholesale diamond and jewelry firm Gem Star Inc. in Canada appointed Beverly Serrao as its director to oversee new business development. Serrao joins Gem Star from the Zale Corporation in Dallas, where she was...
Manufacturing Apr 02, 2014 Jeff Miller
Michael kors
Michael Kors' 2Q Sales +39%, Profit +49%
Michael Kors reported that revenue from retail and licensing operations surged 38.9 percent year on year to $740.3 million for the second quarter that ended on September 28. Comparable-store sales increased 23 percent. Income...
Financial-Legal Nov 05, 2013 Jeff Miller
LJ Intl.'s 2Q Revenue +6%, Reports a Loss of $2M
LJ International reported that revenue rose 6 percent year on year to $42.8 million for the second quarter that ended on June 30. The company also restated its revenue from one year ago to $40.2 million,...
Financial-Legal Sep 06, 2012 Jeff Miller
Jericho Mine
Tache, Shear Diamonds Form Supply Alliance
The Tache Group and mining company Shear Diamonds Ltd. formed a strategic alliance under which Tache will purchase the diamond production from Shear's Jericho diamond project in Nunavut, Canada and provide financing....
Manufacturing Dec 09, 2011 Jeff Miller
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