Market Developments

Fortunoff files suit against similarly named store

Fortunoff Brands LLC has filed suit against a Westbury, N.Y.-based jewelry company, claiming its company name and the lettering used on both its retail store and a Web site infringe on the Fortunoff trademark, court papers show. Read More

CounterSketch
Victims and victors emerge after rocky '09

The economic crisis challenged companies at all points along the pipeline, from mining companies to manufacturers to mall jewelers. Here's a look at the players who rolled with the punches in 2009, and those who got knocked out. Read More

Report: Zale turning to suppliers for cash

Struggling jewelry retailer Zale Corp. has taken the unusual measure of asking its vendors if they would purchase some of its inventory for cash, The Wall Street Journal reported Thursday. Read More

Cindy Crawford
Cindy Crawford launches jewelry line at Penney's

Model and entrepreneur Cindy Crawford is getting into the jewelry game. On Thursday, J.C. Penney Co. announced the launch of One Kiss by Cindy Crawford, a fine jewelry line designed to provide quality pieces at affordable prices. Read More

Refinery
Pedal to the metal

If there has been a sliver of sunshine for the jewelry industry in an otherwise dark year, it has been at the refining end of the business, where operations are still moving at full speed. Read More

Macy's rewarding sweet tweets with diamonds

This Valentine's Day, Macy's is giving users of the micro-blogging site Twitter the chance to show just how romantic they can be. Read More

Expanding United Brands seeks industry talent

United Brands Worldwide announced that it is expanding, and is looking to bring in interns, consultants and select jewelry industry professionals, who are based both in the United States and overseas, to develop brand projects and services. Read More

Macy's opening Bloomingdale's Outlet stores

Macy's Inc. has announced that it will launch a new Bloomingdale's Outlet concept in 2010, and that the stores' offerings will include jewelry, as well as apparel and other categories. Read More

Zale Shakeup: CEO Neal Goldberg out, Theo Killion interim
Goldberg out as Zale announces executive shakeup

Less than a week after posting a same-store sales decline of 12 percent for the holiday, Zale Corp. has announced big changes at the top, including the immediate exit of Neal Goldberg, its chief executive officer.  Read More

Jon Bridge
Rainy-day plan helped Hall of Fame's Jon Bridge

Ben Bridge Jewelers' Jon Bridge has been recognized for helping Seattle's less fortunate, but receiving accolades from his peers through his induction into National Jeweler's Retailer Hall of Fame in the majors category, was a pleasant surprise. Read More

Nicolas Bos promoted to Van Cleef president, CEO

New York--The month-long game of executive musical chairs at three luxury jewelry companies--Van Cleef and Arpels, Cartier and Harry Winston--continues, with Nicolas Bos the latest top executive to switch titles. Read More

Ritani earrings
Ritani debuts Diamonique collection on QVC

Ritani fans, be they brides who already sport the brand's wedding or engagement rings or ladies who aspire to own their first piece bearing the Ritani name, can now find offerings that feature the brand's signature styling at more wallet-friendly prices. Read More

Macy's to close five under-performing stores

Macy's has announced plans to close five stores in "underperforming locations," and says it will open new ones to fill gaps in local markets. Read More

Site gives scoop on 2010 CIBJO Congress in Munich

A dedicated Web site for the 2010 CIBJO Congress, to be held Feb. 19 through Feb. 22 at the International Congress Centre (ICM) of the Messe Muenchen in Munich, Germany, is now available to CIBJO congress delegates and other interested parties. Read More

Jewelry-makers’ demand for silver drops in ‘09

Silver may be a buzzword at the sales counter, but demand for the metal's use in jewelry is actually expected to decline for the 2009 year, CPM Group's new "Silver Long-Term Outlook" report, released Thursday, reveals. Read More

Kohl's, Target chart
Survey: Kohl's, Target tops with consumers

Consumers say Kohl's and Target are their No. 1 and No. 2 favorite fashion accessory retailers, a new survey conducted this month by Market Force Information Inc. shows. Read More

Frederic de Narp heads to Harry Winston

New York--Harry Winston Diamond Corp. has announced the appointment of Frederic de Narp to the position of president and chief executive officer of Harry Winston Inc. Read More

Friedman's liquidating trust makes second distribution

New York--Buchwald Capital Advisors LLC, the liquidating trustee for defunct jewelry chain Friedman's, reported that a second distribution has been made to unsecured creditors, according to a news release. Read More

Emmanuel Perrin to helm Cartier North America

New York--Emmanuel Perrin, most recently president and chief executive officer of Van Cleef and Arpels, will now lead Cartier North America as president and CEO, Cartier has announced. Read More

Mikimoto to add sparkle to Crystals

New York--Mikimoto is one of the latest brands to open up shop at Crystals, the new retail and entertaining district at Las Vegas' CityCenter. Read More

Mayors makes deal with TD Retail

Mahwah, N.J.--TD Retail Card Services has announced that it will administer the private-label credit card program for Birks and Mayors' U.S. stores, those operating under the Mayors name. Read More

Henry dunay
Henry Dunay closing, but namesake to stick around

New York--After filing for Chapter 11 bankruptcy protection in June, Henry Dunay Designs is officially shuttering, with the company's inventory set to be auctioned off on Dec. 16, the designer confirmed. Read More

William Lam and Co. founder and owner dies

New York--William H. Lam, the founder and owner of William Lam and Co., a New York-based jewelry manufacturer and wholesaler that specializes in 14-karat and 18-karat gold jewelry, passed away on Nov. 19. He was 65. Read More

TrewTungsten by Trent West ring
Trent West, Penney's settle tungsten carbide suit

Tyler, Texas--A federal court in Texas has dismissed tungsten carbide ring king Trent West's patent infringement lawsuit against J.C. Penney Co., court documents show, in a case that lawyers say provides the department store with unfettered access to a popular sector of the men's wedding band market. Read More

Sears, Ultra, Blue Nile to avoid 'dirty' gold

Washington--Sears Holdings (parent company of Sears and Kmart), Ultra Stores and Blue Nile announced today their decision to shun irresponsible gold mining and seek cleaner sources of gold and precious metals. Read More

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