Financials

10 Jewelry News Stories You Might Have Missed

FinancialsJul 17, 2020

10 Jewelry News Stories You Might Have Missed

More Q2 results roll in, a pair of hearts wins big at auction and BIPOC designers send a message.

A 24-karat gold necklace from designer Gurhan. National Jeweler examined recent sales of jewelry from a number of angles last week; see Nos. 5, 6 and 8 below.

New York—Last week, National Jeweler published a link to an open letter from a group of 29 BIPOC—Black, indigenous and people of color—designers.

The letter calls for more support of and equity for BIPOC members of the jewelry industry, and lays out ways the industry can help. It can be read in its entirety here.

Also making the news were the Q2 results of a number of big players, including Swatch Group and De Beers, and a mask-wearing plea from another major retail organization.

Read on for more top stories. 

1) BIPOC Designers Have Something to Say to the Industry
An open letter from a group of black, indigenous, and people of color jewelry designers calls for more support, education and equity.

2) Swatch Cuts Jobs, Closes Stores as Sales Slump
The Swiss watchmaker is eliminating 2,400 jobs and closing 260 locations in an effort to downsize its retail footprint.

3) Richemont’s Jewelry Sales Sink 41% in Q1
The luxury titan posted double-digit declines across all regions, categories and distribution channels as COVID-19 took its toll.

4) Alrosa, De Beers Report Q2 Results
Production fell by 30-50 percent while sales plummeted as COVID-19 took its toll.

5) Independent Jewelers See Sales Grow in June
Monthly diamond revenue climbed 12 percent year-over-year.

6) June Retail Sales Up 8%, But COVID-19 Threat Looms Large
A rise in COVID-19 cases combined with rising unemployment numbers is a threat to economic recovery, said the National Retail Federation.

7) All Retailers Should Adopt Mask Policy, Says NRF
The call follows mega-retailer Walmart implementing a mask mandate in its stores.

8) COVID-19: Consumer Trends and Where They’ll Go from Here
A recent survey by Provoke Insights looks at online shopping vs. off, the in-store experience and consumers’ top concerns about the future.

9) These 2 Fancy Color Diamonds Captured Buyers’ Hearts in HK
The 5.04-carat fancy vivid blue diamond led Sotheby’s jewelry auction, selling for $10.6 million Friday.

10) Jewelers Relief Fund Raises $27K for Stores in Need
Industry support provided financial assistance to 10 independent jewelry stores that sustained damage during the recent lootings.

Michelle Graffis the editor-in-chief at National Jeweler, directing the publication’s coverage both online and in print.

The Latest

CollectionsSep 17, 2021
Sydney Evan Celebrates 20 Years with Capsule Collection

It showcases the brand’s signature motifs in new ways.

Events & AwardsSep 17, 2021
Here’s This Year’s Robert M. Shipley Award Winner

Plus, the winners of the many other awards presented at AGS Conclave.

CollectionsSep 17, 2021
Piece of the Week: Maggi Simpkins’ Powerful Pink Diamond

It’s part of Sotheby’s “Black & Brilliant” sale, opening today.

Brought to you by
What is your Health Care Coverage Strategy?

Health care coverage is a big expense for small businesses - find out how to lower costs long-term instead of every 12 months.

TrendsSep 16, 2021
Amanda’s Style File: Fun With Geometric Shapes

The clean lines of these 15 designs feel fresh for fall.

Weekly QuizSep 16, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Sept. 13-17, 2021.
Take the Quiz
SourcingSep 16, 2021
Diamond Jewelry Demand Continues to Fuel Rough Sales

De Beers noted how strong the Vegas shows were, while Alrosa grappled with supply issues in August.

Events & AwardsSep 16, 2021
Gem Legacy Is Having Another Benefit Auction to Celebrate 3 Years

All proceeds will go toward its miner toolkit initiative.

Brought to you by
3 Reasons Your Store Should Add An Estate Category

Increase profit margins, generate traffic and attract new customers with an Estate assortment by partnering with Windsor Jewelers, Inc.

IndependentsSep 16, 2021
Day’s Jewelers Named a Great Place to Work, Again

The retailer made the list of Best Places to Work in Maine for the seventh year in a row.

×