Retail
WJA, JA, and JVC Join NRF in Urging Government to Protect American Retailers
Jewelers of America, the Jewelers Vigilance Committee and the Women’s Jewelry Association joined 90 other retail industry trade groups in signing a National Retail Federation letter to the White House urging the Trump Administration to protect public health and minimize the economic impact of the coronavirus pandemic. Other similar communications have also been sent to the Department of the Treasury and Congress.
Industry Experts To Discuss All Aspects Of Synthetics At Dubai Diamond Conference
The Dubai Diamond Exchange (DDE) will hold an in-depth discussion on the issue of synthetic diamonds on the second day of the Dubai Diamond Conference on the theme of ‘Lab-grown diamonds and their disclosure: Is there a problem?’
CSR Strategies for Jewelry Industry Under Spotlight at VICENZAORO Seminar
The issue of Corporate Social Responsibility (CSR) strategies in the gemstone and jewelry sectors came under the spotlight at a seminar held at the VICENZAORO January show in Vicenza, Italy, on January 24.
Indian Jewelers Call Off Strike, Agree on Panel to Look Into Tax Proposal
India's gold and jewelry markets began re-opening on Monday after traders ended an almost three-week strike.
The industrial action caused huge revenue losses for businesses, while the government lost taxes of hundreds of millions of dollars.
The strike aimed to lead the government to repeal a 1% excise duty on gold and diamond jewelry that was proposed in the 2016-17 budget.
Blue Nile Opening Fourth 'Webroom' in Oregon
Online diamond and jewelry retailer Blue Nile is opening another bricks-and-mortar location as it seeks to unite Internet sales with a brick-and-mortar presence.
The new 'Webroom' will be opened this summer at the Washington Square Mall in Portland, Oregon.
Forevermark in Indian Diamond Jewelry Advertising Campaign
The Forevermark diamond brand has launched its first India-specific advertising campaign, featuring Capricci, a nose pin collection which has been released across all advertising formats.
Report Says NY Developer's Plans May Price Diamond, Jewelry Firms out of Diamond District
New York property developer and ex-diamond dealer Gary Barnett is will fundamentally change the city’s Diamond District if plans go ahead, says a report in the New York Post.
Barnett has reportedly spent years buying 10 buildings in the Diamond District’s 47th Street, 46th Street and Fifth Avenue corridor. He plans to demolish them all — perhaps to build a giant diamond hotel, the report says.
Millennials Still Need Stores Despite Digital Age, Survey Finds
A study in Britain has underlined the continuing importance of physical stores in driving retail sales.
The survey makes for interesting reading given the emphasis placed by Millennials on digital connections.
U.S. Sees 29% Surge In Jewelry Store Closures In Q3
Around 280 American jewelry businesses closed down in the third quarter, a 29-percent rise on the same quarter in 2014, according to the Jewelers Board of Trade (JCT).
Including companies which were sold, merged or announced bankruptcy, the figure jumps to 318, which the JBT said was a 20-percent rise on the third quarter of last year.
IMF Agrees to Reserve Currency Asset Status For China
In a further sign of the growing power of the Chinese economy, the International Monetary Fund (IMF) has brought China's currency, the yuan, to its benchmark currency basket.
China has long sought global recognition of its enormous economic power.
The yuan, also known as the renminbi, joins the dollar, euro, pound sterling and yen in the Special Drawing Rights (SDR) basket.