Nordstrom Opens 5 New Rack Stores to Counter Off-Price Slowdown
The financial success of Nordstrom’s off-price Nordstrom Rack stores has offset the company’s shrinking sales in its full-price locations for years.
But competition in the discount fashion retail category has intensified since the Great Recession—and...
Aurum Holdings records surge in sales to £685m for FY 2018
Aurum Holdings has reported a 21.2% surge in sales to £685.2 million for the financial year ended April 30, 2018.
The group overtook Signet Jewelers to become the UK’s largest multi-store operator last year, and...
ALROSA to Hold its First Ever Auction of Polished Coloured Diamonds; Initial Display at...
ALROSA has announced that it will hold “True Colour”, a first-of-its-kind auction of coloured polished diamonds that includes 250 polished diamonds of various shapes and colours. The collection will first be displayed during the...
ROX invests £1m in Liverpool boutique dedicated purely to in-house jewellery offer
Independent jewellery retailer ROX has invested £1 million into opening a boutique in Liverpool.
As part of the jewellery firms expansion plans to be present in all major cities, ROX will be landing in new...
LVMH Announces Record Results for 2018; Watches & Jewelry Group’s Profits Up 37% Y-o-Y
Leading luxury group LVMH Moët Hennessy Louis Vuitton, reported a revenue of €46.8 billion in 2018, marking a growth of 10% over the previous year; an organic revenue growth of 11%; and an increase...
Diamond mining giants report upturn in Q2 output
Major diamond mining companies reported solid second-quarter rough production on the back of steady market demand and improved consumer sentiment.
Russian miner Alrosa said quarterly diamond production grew 15 percent to 8.5 million carats due...
Titan increases stake in CaratLane to 69.47% with Rs 99.99 cr investment
Tata group firm Titan Company had first picked up a majority stake in online jewellery brand and retailer CaratLane for Rs 357.24 crore in July 2016
Tata group firm Titan has increased its stake in...
De Beers Cycle 6 Sales in Line with Expectations at US$ 530 Million
Releasing the provisional figures for Cycle 6 of 2018, De Beers said that it sold US$ 530 million of rough diamonds, including both Global Sightholder Sales and Auction Sales, during this period.
While the figure...
Signet starts selling lab-grown diamonds online
Signet’s e-tail platform, James Allen, has started offering laboratory-grown diamonds, becoming the firm’s first entity to do so.
According to American trade publication JCK, the site, which is owned by the same company as H...
Independent jeweller banks on V&A museum boosting business in Dundee
Businesses in Dundee have been eagerly awaiting the new V&A Museum of Design, which finally opened its doors yesterday with a promise to provide economy boosting tourism opportunities.
The £80.1m building, a striking architectural icon...
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Premier B2B jewellery and gemstone sourcing event set to shine at Dubai Diamond Week in November
DUBAI, United Arab Emirates, 24 April 2024 – Primed...
LVMH Jewellery & Watch Sales Fall 5% To €2.58 Billion In Q1
Luxury behemoth LVMH Moët Hennessy Louis Vuitton registered a 5% decline in jewellery and watch sales to €2.589 billion for Q1 2024 compared with...
Plain Gold Jewellery Exports Grew by 61.72% to US$ 6792.24 million in FY 2023-24
Gross export of total Gold Jewellery (both Plain & Studded) for the FY 2023-24 grew 16.75%
Gross export of Coloured Gemstones for the...
Comprehensive Guide to Purchasing Pink Diamonds
Pink diamonds, renowned for their extraordinary beauty and value, have captivated the interest of jewelry lovers and collectors alike for generations. As symbols of...
GIA Launches Printed Versions of Digital Reports
GIA is introducing printed versions of its AGS Ideal Reports.
The grading lab says it's responding to customer demand, despite a general move away from...
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