U.S. Retail Sales Rise In June Despite Slower Job Growth: NRF
The National Retail Federation (NRF) revealed that U.S. retail sales experienced a continued upward trajectory in June, even as employment expansion slowed.
NRF President and CEO Matthew Shay said, “June retail sales confirm that while...
Signet Trims Full-Year Outlook by 7%
Signet has trimmed its full-year outlook by around seven per cent and announced plans to close around 150 of its 2,800 outlets as the "engagement gap" kicks in.
The parent company of Kay Jewelers, Zales,...
Zales Launches Rental Scheme for Lab Grown Diamond Jewelry
US jeweler Zales has launched a "fine jewelry rental" scheme for lab grown diamonds.
Customers pay 10 per cent of the retail price to borrow items for weddings or special occasions.
The Zales x Rocksbox program...
Michael Hill Acquires Australian Jeweller Retailer Bevilles For $45.1 Million
Australian jeweller Michael Hill has acquired Bevilles, an Australian watch and jewellery retailer, with significant growth potential for $45.1 million. The acquisition is subject to conditions precedent, including regulatory approvals from the Australian Competition...
Silvostyle By PNG Launches Pune Flagship Store
Silvostyle by PNG announced the launch of its first standalone flagship store, in Aundh, Pune, which will offer a wide range of sterling silver high fashion jewellery. The 500-sq-ft store will be the brand’s...
Tanishq Aims for Double-Digit Growth in FY24
Tanishq, a jewelry brand owned by Tata, is targeting double-digit growth in FY24, with plans to expand its high-value and solitaire segment by 2x and wedding and occasion wear segment by 1.5x.
Tanishq, a jewelry...
Titan: Strong Festive Jewellery Sales Drive 11% Growth
Titan Company, India’s leading jewellery retailer, said healthy consumer demand spurred by a vibrant festive season resulted in double-digit growth for Q3 of FY 2022-23 in combined sales year-on-year across the company’s standalone businesses.
Healthy...
US Jewelry Spending Down 5.4 % over Holiday Season
The holiday season saw a 5.4 per cent drop in year-on-year jewelry sales in the US, despite a growth in overall spending of 7.6 per cent.
Shoppers opted to spend their dollars on eating out...
Rio Tinto Unveils $3.75m Argyle Legacy Ring
Rio Tinto has unveiled its first piece of jewelry in its Argyle Pink Diamonds Icon Partner program.
It's a one-off $3.75m ring handcrafted with 3.42 carats of pink, red and blue diamonds from the iconic...
US July Retail Sales Show Consumers Still Shopping Despite Inflation
Core retail sales as calculated by the National Retail Federation (NRF) rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong...
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Titan Expands Lab-Grown Diamond Portfolio with Launch of New Jewellery Brand ‘BeYon’
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