Sotheby’s Geneva Magnificent Jewels Sale held on May 13, 2014 was significant in the history of jewelry auctions for more than one reason. The auction set an unprecedented seven world records, including the world record for a jewelry sale, the world record for a various owner jewelry sale and the world auction record for a yellow diamond. The auction included several exceptional colored and colorless diamonds, two of… Continue reading
A recent article by Idex Online highlights some important facts relating to the current prices and sizes of diamond engagement rings.
98% of diamonds in the United States are sold set in jewelry, while only 2% are sold as loose diamonds. approximately 48 million diamond pieces are sold per annum.
A upper-end jeweler (Guild jeweler) sells approximately 40 loose diamonds per annum while a… Continue reading
The Paris based luxury giant LVMH (Moët Hennessy Louis Vuitton) reported a fall of 13% in their watch and jewelry sales in 2009. Watches and jewelry sales were down to 764 million euros (Approximately $ 1.04 billion) from 879 million euros (approximately $1.2 billion) in 2008. However the company noted that there was some improvement in the fourth-quarter and even record revenues in December.
Overall there… Continue reading
J. C. Penny Company inc. has announced that the well known supermodel Cindy Crawford is to launch a new fine jewelry brand exclusively with J. C. Penny.
The One Kiss collection by Cindy Crawford will launch 45 pieces of rings, bracelets, earrings and necklaces. The pieces which will be made from… Continue reading
A jewelry store worker was shot dead on Wednesday in a daylight robbery in New York City.
The jewelry store named R. S. Durant is situated in the posh Madison Avenue. At the time of the robbery two people were working at the store, when a cool and calm well dressed middle aged man came into the store. The man was wearing a sunglasses, a blue… Continue reading
Zale Corp is asking its suppliers to purchase some of its jewelry in its inventory for cash. In exchange for the purchase the company is providing a pledge of future orders.
However several retailers and merchants have already signaled their reluctance to agree to the proposal.
According to the Wall Street Journal, Zale’s Chief Merchandising Officer wrote to one supplier stating “We are looking… Continue reading
According to Rapaport Diamond News, jewelry sales for valentine’s day is expected to drop by 4.6% when compared with the valentine’s day sales in 2009. This is according to data by the IBISWorld.
Jewelry sales this valentine is expected to be around US$ 1.3 billion, while total valentine day spending is expected to be about US$ 17.6 billion.
This year valentines day is falling… Continue reading
The China International Gold, Jewellery and Gem Fair, Shenzhen 2010 is expected to take place from the 9th to 12th of March 2010.
A “Sri Lanka Pavilion” is to be organized at the Shenzhen fair by the National Gem and Jewellery Authority (NGJA) with the assistance of the Sri Lankan Embassy in China.
The NGJA is looking for eight exporters/ potential exporters of gemstones… Continue reading
The Israeli Diamond Institute Group of Companies (IDI) has signed a Memorandum of Understanding (MOU) on Monday the 4th of January 2010 with the All India Gems and Jewellery Trade Federation (GJF).
The MOU is expected to establish cooperation between the two industries. In late November a similar MOU was signed between the IDI and the Gem and Jewellery Export and Promotion Council of India.… Continue reading
Megg Galligan, 25 is a jewelry designer from Boston as well as a Google employee. How did that combination come about?
She was hired two years ago by Google to spend her weekdays helping the Boston area advertising firms to place advertistments for their clients on Google. She spent her weekends and nights making jewellery.
She sells her jewellery through stores and also online… Continue reading