It will quit assigning the stones specific color and clarity grades in favor of applying “new descriptive terminology.”
Buffett: A quarter of all jewelry companies will be gone within year
Warren Buffet is forecasting that 25 percent of all fine jewelry companies, across the distribution pipeline, will be out of business within 12 months. I received this information on deep background from a very trustworthy source. As you're probably aware,...
Warren Buffet is forecasting that 25 percent of all fine jewelry companies, across the distribution pipeline, will be out of business within 12 months. I received this information on deep background from a very trustworthy source.

I dislike being the bearer of bad news as much as anyone, but I believe I wouldn't be living up to my responsibility if I didn't bring this to your attention.
Here at Las Vegas trade show market week, there's an eery feeling of disorientation the likes of which I've never experienced since I started coming here in 1991 when the shows were first established. There's both more traffic than I expected, to be honest, and there are exhibitors reporting that they're writing business.Conversely, there are way too many industry members missing from the mix this year who, until this year, I could not have fathomed a Las Vegas show week without. The biggest question, as always at a trade show, but far more important this year, is that of inventory. As retailers live off existing stock to help maintain feasible cash flow, ordering from the supply chain has essentially been at a standstill. Many just can't imagine how suppliers are managing to pay their own bills, especially when you consider the difficulty of obtaining financing thrown in.
There was a panel here yesterday on the "evolution of the business." Unfortunately, and not surprisingly, there wasn't a heck of a lot of visionary insight provided. Nobody knows. Except Buffet, I guess. I really hope he's wrong.
The Latest

From design trends to sustainability, here’s a roundup of can’t-miss education sessions at JCK Las Vegas.

The Jewelers’ Security Alliance offers advice for those attending the annual trade shows.

When investing in your jewelry business, it's important not to overlook the most crucial element of success: the sales associates.

Her new role is director of strategic initiatives.


The entrepreneur and “Shark Tank” star will share his top tips for success.

The designer is embracing bold pieces with weight to them in “AU79,” a collection she celebrated with a creative launch party.

More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.

On an earnings call, CEO J.K. Symancyk discussed what’s working for the company and how it’s preparing for the potential impact of tariffs.

The index partially rebounded after months of decline, due in part to the U.S.-China deal to temporarily reduce import tariffs.

The actress stars in the latest campaign set in Venice, Italy, and is set to participate in other creative initiatives for the jeweler.

The company has joined other labs, including GIA and Lotus Gemology, in adopting the Chinese term for "jadeite jade."

The large stone will be offered at its June sale along with a selection of secondary-type rubies from a new area of the Montepuez mine.

Located in Bangkok, the laboratory is Gemological Science International’s 14th location worldwide.

Those born in June have a myriad of options for their birthstone jewelry.

The diamond industry veteran has been named its senior sales executive.

The company plans to raise the prices of select watches to offset the impact of tariffs.

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

Designed by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.

The pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.

Sponsored by Stuller

It was featured in the miner’s latest sale, which brought in $24.8 million.

GemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.

The 3,300-square foot location is the jeweler's largest store in North America.

Aging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.

The WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.