Market DevelopmentsReports: Major investor dumps shares in ZaleFranklin Resources Inc., one of Zale Corp.'s largest shareholders, is shedding its shares in the troubled company, according to news reports. Read More Gems TV closing, eyes deal for Jewelry TelevisionGems TV Holding Limited announced Monday that it is ceasing its U.S. operations and has submitted a proposal to acquire an interest in Multimedia Commerce Group Inc. (MMCG), the company that operates on-air rival Jewelry Television. Read More WJA hosts educational events on both coastsThe Women's Jewelry Association (WJA) will be holding educational events on both coasts this week, including a social networking seminar in Los Angles and the annual Women in the Know Conference in New York City. Read More Former Leviev president Chaunu takes new postThierry Chaunu, most recently president and chief operating officer of diamond jewelry brand Leviev, has joined Expression d'Artistes International (EAI) as its chief executive officer. Read More Zale selling leases on 12 NYC storesBeleaguered jewelry retailer Zale Corp. has put the leases for as many as 12 New York City stores up for grabs in an apparent move to raise cash. Read More 
Kohl's to open nine stores, create 1,500 jobsKohl's announced that it will open nine new stores this spring, bringing 1,500 jobs to communities across six states. Read More MJSA Expo to host series of free seminars in NYCIn an effort to help jewelry makers from the design, manufacturing and retail industries survive and thrive in a post-recession period, Manufacturing Jewelers and Suppliers of America (MJSA) announced that it will present a series of free seminars during Expo New York. Read More SimplexDiam snags $11M in IDG closeout jewelrySimplexDiam, a New York-based jewelry company that specializes in the purchase of closeout inventory, recently bought $11 million in goods from a liquidated jewelry chain based in Ohio. Read More Report: Equity firm wants to invest in ZaleNew York-based private equity firm Apollo Management wants to invest cash in struggling retailer Zale Corp. and bring a few familiar faces back to the company, according to a report in The Dallas Morning News. Read More 
Sterling shows no love for 'Open Hearts' copiesSterling Jewelers has filed two more copyright-infringement lawsuits in an effort to protect the popular, and profitable, "Open Hearts by Jane Seymour" line of jewelry it sells at its stores nationwide, court papers show. Read More Fortunoff files suit against similarly named storeFortunoff 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 
Victims and victors emerge after rocky '09The 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 cashStruggling 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 launches jewelry line at Penney'sModel 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 
Pedal to the metalIf 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 diamondsThis 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 talentUnited 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 storesMacy'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 
Goldberg out as Zale announces executive shakeupLess 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 
Rainy-day plan helped Hall of Fame's Jon BridgeBen 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, CEONew 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 debuts Diamonique collection on QVCRitani 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 storesMacy'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 MunichA 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 ‘09Silver 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 |
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