The retailer failed to file its annual report on time and said it may issue a going concern warning.
Baselworld Postponed Until January 2021
The move came after Swiss authorities issued a ban on large-scale events Friday due to concerns about the coronavirus.

Basel, Switzerland—Following a ban issued Friday by Swiss authorities on large-scale events due to concerns about COVID-19 coronavirus, Baselworld has postponed its watch and jewelry show until January 2021.
The event, which was slated for April 30-May 5, will now be held from January 28-February 2 of next year.
According to a release put out by the Swiss Federal Council Friday, the country has imposed a ban on public and private events that gather more than 1,000 people in response to concerns about coronavirus. It is immediate and will be in place until at least March 15.
MCH Group, which owns and operates the Baselworld watch and jewelry trade show, said in a statement Friday morning that a decision had to be made quickly as preparations for the event—particularly construction of the halls and stands—were scheduled to start next week.
Baselworld Managing Director Michel Loris-Melikoff said organizers “deeply regret” having to postpone the event.
He added the decision “has been all the more difficult in view of all the positives that have been achieved through listening and dialogue over the last few months, which resulted in new concepts and new solutions, that have attracted exhibitors to return and new ones to sign on.
“By postponing the show to January 2021, we have found a solution that enables the industry and all our customers to avoid losing a full year and at the same time reset their calendars for the beginning of the year, a period that is conductive to the presentation of their new products, new trends and order taking.
“This postponing will also allow Baselworld to continue developing and bringing new formats and solutions as well as improvements to the new concept we propose.”
RELATED CONTENT: How the Coronavirus Is Impacting the Jewelry IndustryThe news comes just a day after Watches & Wonders Geneva, formerly known as SIHH, announced the cancellation of its 2020 event after the World Health Organization reported the disease has spread to Switzerland.
That was slated to run just prior to Baselworld, from April 25-29.
According to WatchPro, Movado Group also has canceled its annual summit for distributors and retailers in Davos due to risks associated with coronavirus.
Swatch Group had already decided to shelve plans for its “Time to Move” event scheduled for early March in Zurich.
The Latest

Smith recounts a recent trip to the post office that included an uncomfortable, embarrassing, and public exchange between two employees.

John Cowley, who has more than 30 years of experience, is succeeding Tearle as the lab’s chief financial officer.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Founder Erica Silverglide has designed 35 colorful pieces set with fluorescing gemstones for the brand's first finished jewelry offering.


“Ukrainian Jewelry | Contemporary Jewelry and Art Jewelry from Ukraine” features 33 contemporary Ukrainian designers and studios.

“The Golden Now” campaign celebrates the here and now with the brand’s signature styles and a selection of its new pieces.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

Signet confirmed that Caffie, president of Zales and Banter, and Bentzen, who headed Blue Nile, have left the company.

The antique jewelry dealer talks about the importance of including Black Americans in jewelry history and preserving their stories.

Both its mines faced challenges last year, from operational issues to disruptions in the market.

Iconic pieces, like the Mike Todd Diamond Tiara, appear in the superstar’s new music video for her song inspired by the actress.

The luxury retailer, which went Chapter 11 in January, announced Thursday that it has secured $500 million in exit financing.

The one-of-a-kind locket, our Piece of the Week, opens to reveal three hidden images to keep close to your heart.

The new facility was also designed to better serve its growing customer base in Canada.

The campaign is a tribute to the year 1893, when Kokichi Mikimoto created the world’s first cultured pearl.

It is the only GIA school to offer the GIA Graduate Gemologist program in Chinese.

The initiative connects veterans and parents returning to the workforce with careers in jewelry retail.

The wholesale manufacturer and precious metals refiner has appointed Michael Angelo as its new national sales representative.

Foundrae also accused the jewelry giant of copying its mood board style of marketing.

A Patek Philippe for Tiffany & Co. timepiece owned by the American businessman who died on the Titanic will be offered at Freeman's Chicago.

The Conference Board’s Consumer Confidence Index edged up, with optimism about the present outweighing worries about the future.

The retailer’s Zach Bear gift comes to life in “Zach Bear and the Window Necklace,” which centers on curiosity, bravery, and helping.

These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.

Mejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.

The Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.

The initiative invites those in the industry to share stories on social media highlighting the meaning and impact of natural diamonds.
























