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Does the industry need yet another association? By all accounts, the Jewelry Industry Summit, held March 11–13 at the Fashion Institute of Technology in New York City, was an extremely positive event
Signet Jewelers Limited has reported that its annual total sales for the 2016 fiscal year reached $6.55 billion – a 14.2 percent increase.
The Jewelry Industry Summit, a forum on sustainability and responsible sourcing, closed with commitments to pursue projects including harmonization of various standards and educating workers in the industry.
New York – The blue diamond once belonging to “America’s Little Darling” will be up for auction next month.
Despite the diamond jewelry industry – along with many others – still being obsessed with the so-called millennials, young people born from around 1980 to 2000, marketers are already turning their attention to the so-called ‘Generation Z’.
Tiffany & Co. has reported its financial results for the twelve month and fourth quarter period ended January 31, which showed that the strength of the US dollar has negatively affected sales and earnings.
Now any consumer with unwanted diamond jewelry can sell it to De Beers. De Beers has given the go-ahead to its diamond buyback company—the International Institute of Diamond Valuation (IIDV)—after an 18-month pilot.
Auction house Sotheby’s has announced that it will auction the De Beers Millennium Jewel 4, an internally flawless vivid blue diamond weighing 10.1 carats.
Suppliers will be asked to account for the origin of as many 0.3 ct. and larger stones as possible. As promised last week, I am taking a more in-depth look at Signet’s Responsible Sourcing Program for Diamonds.
De Beers introduced Forevermark in Hungary, Thailand and South Korea, making its flagship diamond-jewelry brand available in more than 1,700 retail outlets in 38 consumer markets.
The World Federation of Diamond Bourses (WFDB) will launch its Know-Your-Customer (KYC) initiative in May, aimed at increasing transparency in the industry to banks and regulators.
Jewelers, manufacturers, retailers and wholesalers across India have organized a 3-day business closure, in response to the government’s proposed imposition of a 1 percent excise duty levy.