Sales surprisingly fell short for Signet Jewelers Ltd. in the second quarter, due principally to weakness in states where the economy is tied to the energy industry, its CEO said Thursday. Signet’s same-store sales fell 2 percent year-over-year in the quarter ended July 30. Total sales reached $1.37 billion, down 3 percent (1 percent at … Read More →
Six pieces of Judith Ripka fine jewelry are being auctioned for a cause. Robert and Jennifer D’Loren donated the jewelry to benefit the Fashion Institute of Technology Foundation, specifically the QVC Scholarship Fund. Established in May of this year, the fund awards $5,000 per year for four years to seven students from the countries in … Read More →
Movado Group Inc. recorded a double-digit decline in sales in the second quarter as consumer demand for watches remains soft and again lowered its outlook for the year. The Paramus, N.J.-based watch company reported Thursday that second quarter net sales totaled $128.1 million compared with $145.6 million in the second quarter of last year, a … Read More →
The popularity of gemstone jewelry appears to be surging. While gorgeous on their own, some gemstone pieces are gaining visual interest through overlays of metal. In this Style File, we explore settings that don’t take attention away from the gemstones but rather add texture, visual interest, brand cohesiveness and/or improved functionality. The overlay trend is … Read More →
A group of UK silversmiths and jewellers have launched a campaign to restrict the use of distinctive traditional UK hallmarks, including city marks, to items hallmarked in the UK. For over 700 years UK hallmarks have only been struck in the UK, but the campaign said that there is now a “considerable drive” by assay … Read More →
Hot Diamonds has seen an encouraging start to sell-through of its new brand Anaïs Paris with UK independents. Adryan Cresswell, head of commerce, said: “We dispatched the first Anaïs Paris orders to the UK independents sector at the start of July and are very excited indeed with the early sell-out reports to consumers.” He said … Read More →
The Chinese diamond industry was not spared from the effects of the global economic slowdown in 2015. Despite significant economic headwinds, China’s jewellery market continues to grow, albeit at a slower pace. Some diamond companies said their business aspirations on the mainland are on track, with a number of active players even expanding their reach … Read More →