Trade Resources
Diamond Producers Meet To Discuss Concerns About Synthetic Stones
Representatives from Anglo American PLC, Alrosa AO, Rio Tinto Group and five other major diamond producers held a meeting in March to discuss the creation of a new diamond industry association, Bloomberg.com has reported.
A Conversation I Had With A Jeweler In 2015
"David, I'm just beside myself."
Shareholders File Class Action Lawsuit Against Movado
Shareholders of luxury watch brand Movado have launched a class-action lawsuit against the company, claiming that Movado published “misleading and materially false” forecasts that caused stock prices to rise artificially, then fall more than 30% when disappointing third-quarter 2014 sales figures were announced.
Court Rules Costco Can Sell Grey-Market Omega Watches
A three-judge panel has ruled that Costco has the right to sell Omega watches that were purchased from a foreign distributor, despite the fact that Costco is not an authorized dealer of Omega products.
J.C. Penney Seeking to Increase Fine Jewelry and Watch Sales in 2015
Executives from iconic American retailer J.C. Penney told a group of investors on Oct. 8 that the chain will be focusing on increasing jewelry and watch sales in the coming quarters.
Hoover and Strong to Offer Fairmined Gold in 2015
Hoover and Strong, a U.S.-based metals recycler and provider of loose diamonds, bridal products, custom casting, raw materials and finishing products to independent jewelers since 1912, will begin offering Fairmined gold in 2015.
The Miami Antique Jewelry & Watch Show Moves to One of Florida’s Largest Cities
For 2014, the prestigious Miami Beach Antique Jewelry & Watch Show makes a new home in the city well known for its Latin style, Miami. The event will now be held at the Miami Airport Convention Center on Nov. 7-9 – just 13 miles from the center of Miami Beach.
Slow Sales of Swiss Watches Prompt TAG Heuer to Cut Jobs, Cartier to Reduce Production
Swiss watch manufacturer Tag Heuer is eliminating 46 full-time positions and will reduce working hours for another 49 employees in response to slowing export growth, reports Bloomberg.com. The production unit affected by the layoffs currently employs around 1600 people, and the 46 positions to be cut are from the management and production departments.
Polygon De-Listing All EGL International Lab Reports
As of September 17th, 2014, EGL International certificates will no longer be listed on Polygon’s Certified Diamond Database. As well, the sale of EGL International goods on Polygon’s Buy/Sell channels, where members can post individual diamond offers and request goods, will be restricted as of this date.
Panama Gem and Jewelry Center – Phase I Nears Completion in Panama City
Phase I of the Panama Gem and Jewelry Center - a $200-million architectural project under construction in Panama City, intended to attract companies to Latin American jewelry markets - is on track to be completed in the fourth quarter of 2014, according to an official press release.