Jewelers who misinterpret the state of the jewelry market risk employing the wrong retail strategy, cautions columnist Sherry Smith.
Pandora fined in securities case, will appeal
A court in Denmark has fined Pandora 2 million Danish krone (about $333,000) for waiting too long to warn investors that it anticipated a drop in revenue.

Copenhagen, Denmark--A court in Denmark has fined Pandora 2 million Danish krone (about $333,000) for waiting too long to warn investors that it anticipated a drop in revenue.
The verdict concerned the downgraded annual revenue forecast Pandora delivered on Aug. 2, 2011, two weeks before reporting its full second quarter 2011 results.
The company said it expected yearly sales would fall flat after previously forecasting they would grow 30 percent. It announced the resignation of its then-CEO, Mikkel Vendelin, that same day.
The District Court in Glostrup ruled Tuesday that Pandora’s actions breached the Securities Trading Act, and stated that the company should have warned its investors by July 18, 2011 that it anticipated a drop-off in sales.
Pandora said Wednesday that it will appeal the decision to the Eastern High Court in Denmark.
The jewelry-maker was first indicted for a potential breach of the trading act in November 2013. At the time, the company said that it would plead not guilty and stated that it believed it acted in a timely manner “during a "swift and unexpected downturn" in sales.
Pandora, a company with annual worldwide sales of more than $1 billion, said the fine wouldn’t have any impact on its outlook for the remainder of 2014.
Editor's note: This story was updated to reflect the fact that Pandora has decided to file an appeal in the case.The Latest

In her newly expanded role, she will continue to oversee the jewelry category, as well as watches, home, and accessories.

“The Godfather II” watch plays two melodies from the mob film’s score, “The Godfather’s Waltz” and “The Godfather Love Theme.”

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

Organizers have also introduced the new JCK Talks Signature Series, as well as an offering of watch-focused workshops and lectures.


The Alan Hodgkinson Medal recognizes gemologists who are consistently generous with their time and expertise.

The Swiss watchmaker is changing up its executive leadership team as part of a restructuring.

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

The “What’s Your Signature?” campaign invites women to think about how they see themselves.

The big diamond’s sale added to the company’s revenue though the market remains “challenging” overall, particularly for smaller goods.

Rob Bates of The Jewelry Wire will also moderate a panel on the state of the jewelry industry during the virtual event.

The Jewelry Symposium will honor two industry veterans with lifetime achievement awards at its upcoming May event.

With their durability, brilliance, and beauty, diamonds are the perfect stone for everyday birthstone jewelry.

The retailer failed to file its annual report on time and said it may issue a going concern warning.

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.

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.

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 NouvelleBox ballroom will feature independent jewelry designers, including Lene Vibe, Wyld Box Jewelry, and Kiaia Limited.

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.



























