Signet, the world’s largest retailer of diamond jewelry, reported an improved performance for the last quarter of 2020, but will be borrowing $900m as it faces the uncertainty of coronavirus. The company, whose brands include Kay Jewelers, Zales, Jared, James Allen, Peoples and Piercing Pagoda, last week closed all its 3,200 stores. It saw same-store […]

The post Sales at Signet Beat Expectations, but Coronavirus Forces Cost Cutting appeared first on The Jewelry Magazine.

Standing alongside independent retailers, the Jewelers of America National Convention gathers industry pros to discuss government moves affecting stores. Jewelers of America (JA) is breaking ground with its first National Convention. A trade association dedicated to serving the fine jewelry marketplace, JA is at the forefront of conversations related to responsible business standards. Advocating for […]

The post From the Hill to the Storefront, Jewelers of America Supports Retailers at Their First National Convention, with a Spotlight on Washington D.C. appeared first on The Jewelry Magazine.

New Enterprise Associates, the 42-year-old venture capital firm, has invested in the $23 million Series B round for Mejuri, a startup capturing millennial women’s penchant for affordable and treat yo’ self type of jewelry rather than diamonds and precious stones for special occasions. It’s the latest instance of startups drawing investor interest with their direct-to-customer […]

The post Mejuri raises $23M Series B to serve women buying jewelry for themselves appeared first on The Jewelry Magazine.

Hong Kong-based Chow Tai Fook Jewellery Group Limited has announced the opening of a North American business hub in Boston, Massachusetts, which will be led by Hearts on Fire brand President Caryl Capeci. The company, which has been listed on the main board of the Hong Kong Stock Exchange since December 2011, believes that Chow […]

The post Chow Tai Fook Jewellery Group establishes North American hub appeared first on The Jewelry Magazine.

This was evident when a logistics company official last week ran away with 11 kg of gold jewellery worth Rs 3.5 crore. Jewellery firms beware. Cases of logistics company officials decamping with precious cargo while in transit or goods disappearing while left unattended by a logistics provider are not covered under the jeweller’s block insurance […]

The post Jewellery trade gets an insurance shock appeared first on The Jewelry Magazine.

Baselworld runs until March 26, 2019. And while the show has been and still is heavily criticized, there is also some good news. At the opening press conference, it was announced that in 2018, the Swiss Watch industry recorded a 6.3 percent increase in exports, and had reported a turnover of CHF 21.2 billion. But […]

The post Baselworld 2019: too late, too little? appeared first on The Jewelry Magazine.

The firms that hope to gain from the ordinance include Kalyan Jewellers, PC Jeweller, Joyalukkas and Senco Gold & Diamonds. Jewellery firms in the organised sector are hoping to increase their share of jewellery purchase advance scheme market following the government’s move to ban highrisk deposit schemes by builders, jewellers and others that don’t have […]

The post Organised jewellery companies may gain from ban on risky deposit schemes appeared first on The Jewelry Magazine.

National jeweller Beaverbrooks is giving children the chance to give something special this Mother’s Day. To celebrate 100 years of being a family-run jewellers, Beaverbrooks is searching the national for ‘little gem’s – children who want to go the extra mile to give back to their loved ones with a Mother’s Day treat worth £1,000. […]

The post National jeweller helps kids give something special this Mother’s Day appeared first on The Jewelry Magazine.

Luxury jewellery shop, The Crop, has opened its doors in the North Laine area of Brighton with the support of a five-figure funding package from NatWest. Entrepreneur and jeweller Kerry Huff has used £50,000 of finance from NatWest, alongside a personal investment of more than £150,000 to acquire a 10-year lease for the Sydney Street […]

The post Brighton entrepreneur joins city’s jewellery retail scene appeared first on The Jewelry Magazine.

Next week, ten thousands of international gem and jewelry industry buyers will touch down in Hong Kong to take part in the sixth Hong Kong International Diamond, Gem & Pearl Show, opening on February 26, and two days later in the 36th Hong Kong International Jewellery Show. Both exhibitions are organised by the Hong Kong […]

The post HKTDC to open two gem and jewelry shows in last week of February appeared first on The Jewelry Magazine.