De Beers Group Invests Additional $5 Million in Surat Diamond Screening, Grading and Verification Facility
The De Beers Group of Companies has invested a further $5 million in its International Institute of Diamond Grading and Research (IIDGR) facility, which provides diamond-related services including grading, verification and melee screening and testing in Surat, India.
Online jewelry retailer Blue Nile, which went public in 2004, is being acquired by Bain Capital Private Equity and Bow Street LLC for half a billion dollars.
The second installment of the U.S. Antique Shows’ LUEUR event is taking place at the Jacob Javits Center, October 28-31, 2016. At this open-to-the-public event, a highly curated group of the world’s most renowned antique, estate and vintage watch and jewelry dealers will showcase prized pieces from a wide range of jewelry history periods, from Edwardian to contemporary. Attendees can expect to see an array of rare and collectable pieces from famous names such as Cartier, Tiffany & Co., Van Cleef & Arpels and Jaeger-LeCoultre, as well as one of-a-kind diamond, colored gemstone and pearl jewelry.
Year-on-year sales of jewelry by retail jewelry stores in the U.S. grew slightly during the first two quarters of 2016, providing some much-needed good news for traditional jewelry retailers.
Rio Tinto, one of the largest mining corporations in the world, has announced a new proof-of-origin certification program for diamonds sourced from the company’s mines in Australia and Canada.
It’s no secret that jewelry customers – especially Millennials – are increasingly interested buying in fair trade, sustainable and ethically-sourced jewelry products. Whether driven by a growing sense of social responsibility, such as a desire to improve the working conditions of miners, or concern for the environment, the fact is that today’s jewelry customers are buying far more than a product. They understand that their purchase is the result of a supply chain, and that the provenance of a purchase can range from sustainable and ethical to illegal, exploitative and destructive.
For the last two decades, the largest trade only event serving the antique jewelry and watch industry, the Las Vegas Antique Jewelry & Watch Show, has been a staple during Jewelry Market Week each summer. This year the event will again be held at the Paris Hotel and Casino, June 2-5.
December 8, 2015 - A coalition of civil society advocacy organizations involved in the annual Kimberly Process review meetings has announced that they will boycott the 2016 edition of the gatherings, saying that a decision by industry groups and governments to name the United Arab Emirates as chair of the proceedings crosses a “red line”.
November 10, 2015 - A report produced by the Jewelers Board of Trade shows that 276 jewelry businesses in the United States ceased operations in Q3 2015, an increase of 25% year-on-year.
“Customer Service” is a widely-used, but usually “not actually done enough” phrase. Extraordinary service gets people talking about your store, lowers your advertising costs and increases sales. How? Your customers come back to you rather than a competitor - and they send their friends. In addition, repair sales are trust-sensitive, therefore people will allow you to do higher end repairs and custom work.
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