As U.S. business slips, India's eyes wander
Mumbai, India--Amid the hustle and bustle of the India International Jewellery Show (IIJS) this summer, one thing was clear: Other countries are learning to live without the U.S. demand for diamonds.
Wal-Mart 3Q net sales up 7.5 percent
Bentonville, Ark.--Net sales at Wal-Mart Stores Inc. increased 7.5 percent to $97.63 billion for the third quarter ended Oct. 31, compared with $90.83 billion for the same period last year, the...
Signet 3Q sales down 6.6 percent
Same-store sales at Signet Jewelers dropped 6.6 percent for the third quarter ended Nov. 1, and total sales decreased 7.3 percent on a reported basis to $629.4 million, compared with the same period...
Foreign retailers bullish on U.S. jewelers
The weak dollar and a series of bankruptcies among some of the country's largest jewelers have opened the door to foreign-based retailers that have long sought entry into the U.S. market.
Foreign retailers bullish on U.S., despite slowdown
New York--The weak dollar and a series of bankruptcies among some of the country's largest jewelry retailers have opened the door to foreign-based retailers that have long sought entry into the U.S....
Christopher P. Smith to receive Bonanno Award
San Diego—Christopher P. Smith, vice president and chief gemologist at the American Gemological Laboratories (AGL), has been awarded the 2009 Antonio C. Bonanno Award For Excellence in...
GemClear finds non-compliant blue topaz in U.S.
Dallas—GemClear has found a batch of blue topaz that is not in compliance with Nuclear Regulatory Commission (NRC) regulations regarding irradiated gems, the organization announced this week.
ICSC: U.S. chain store sales up slightly this holiday season
Same-store retail sales at U.S. chain stores will likely increase 1.7 percent during the November-December holiday shopping period, according to the latest research from the International Council of...
ICSC: Chain store sales up slightly this holiday
New York—Same-store retail sales at U.S. chain stores will likely increase 1.7 percent during the November-December holiday shopping period, according to the latest research from the Internatio...
Burmese rubies banned
The U.S. ban on gemstones from Myanmar, such as the coveted Burmese ruby, is now in effect.
Jaeger-LeCoultre opens U.S. boutiques
Watch brand Jaeger-LeCoultre is expanding its presence in the U.S. market with two new boutiques.
Report: Bad time to buy jewelry, consumers say
Paso Robles, Calif.--Nearly 40 percent of U.S. consumers believe now is a bad time to buy jewelry, compared with about 14 percent who thought so last year at this time, according to the latest...
Report: Bad time to buy jewelry, consumers say
Paso Robles, Calif.—Nearly 40 percent of U.S. consumers believe now is a bad time to buy jewelry, compared with about 14 percent who thought so last year at this time, according to the latest...
Consumers brace for tight holiday budget
Melbourne, Australia--Nearly half of adult consumers who shop online plan to spend less money on gifts this holiday season compared with last year, and one in five plan to spend significantly less,...
Feds set grace period for non-Burmese gemstones
The U.S. Customs and Border Protection agency is granting a 30-day grace period to importers and exporters of non-Burmese gemstones who need additional time to meet new mandatory requirements.
Feds set grace period for non-Burmese gemstones
Washington—In the wake of a ban on Burmese rubies and jadeite, the U.S. Customs and Border Protection agency is granting a 30-day grace period to importers and exporters of non-Burmese...
Consumers brace for tight holiday budget
Melbourne, Australia—Nearly half of adult consumers who shop online plan to spend less money on gifts this holiday season compared with last year, and one in five plan to spend significantly...
Burmese ruby ban takes effect
Washington--A long-expected U.S. ban on gemstones from Myanmar took effect on Monday, 60 days from the date that President Bush signed the Tom Lantos Block Burmese JADE Act of 2008 into law.
EGL authenticates one of world's largest pearls
New York—A five-pound blister pearl found in the waters off the Philippines has been authenticated as one of the largest, most valuable pearls ever to be discovered and documented, according to...
Indo/U.S. conference set for next week
Mumbai, India—The second Indo/U.S. Jewelry Business Relationship Development Conference—dubbed the "Best of the Best"—is slated to get underway on Monday in Mumbai, India.