Expected to earn up to $4.5 million, the “Jarretière” bracelet is the star of Christie’s “The Magnificent Jewels of Anne Eisenhower” sale.
Retailers Need a COVID-19 Stimulus Package Now, Says NRF
The National Retail Federation is urging the White House and Congress to reach a deal on a stimulus package as retailers and families struggle to make ends meet.
Washington, D.C.—President Donald Trump said Thursday that talks of another COVID-19 stimulus package are underway, backtracking on a statement he made Tuesday that talks would cease until after the November election.
“I shut down talks two days ago because they weren’t working out,” the president said during an interview on the Fox Business channel. “Now they are starting to work out. We’re starting to have some very productive talks.”
With millions out of work and businesses of all sizes struggling, the initial statement that talks would be put on hold sent the market into a panic.
Though the talks may be back on track, it’s unclear when or if an agreement will be reached.
In a statement Tuesday, the National Retail Federation said the White House and Congress should not wait to pass pandemic recovery legislation.
“The pandemic isn’t over and neither is the economic crisis it has created,” said NRF CEO Matthew Shay.
“There are many families still struggling to make ends meet and businesses facing obstacles to putting workers back on the payroll.”
To get the economy back on track, the country needs a vaccine and another stimulus package, he said.
The retail trade organization has been a vocal proponent of expanding the Paycheck Protection Program, giving tax credits for the cost of personal protective equipment, and protecting businesses that follow the safety guidelines set by public health agencies against lawsuits.
The NRF is among the more than 200 trade associations that form the COVID Relief Now coalition, which sent a letter to Congress Sept. 30 stressing the need for economic support.
The letter stated: “Congress needs to rise to the occasion and cast partisanship aside to provide a lifeline to get through this pandemic. Congress’ failure to act now will result in negative economic ramifications that will reverberate for decades.”
Relief negotiations have been ongoing, with the Democrat-led House of Representatives passing a $2.2 trillion relief bill, a revision of the $3 trillion bill it passed in May.
Republicans were unanimous in their opposition to the bill, though House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin did continue talks.
Mnuchin presented a $1.6 trillion counter offer just before Trump shut down the talks Tuesday.
“When the president did his strange tweet that said we’re walking away from the negotiations, it was like, what?,” Pelosi said at a news conference Thursday.
“We’ve all been working very hard to find our common ground, to agree on language
As of Thursday, Pelosi said she was ready to continue the conversation.
With jewelry sales coming down from their pandemic highs, retailers need to do all they can to retain existing customers, Peter Smith says.
Jewelry historians, authors, and experts will explore the works of Tiffany & Co., Oscar Heyman, Verdura, and more.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
Johnson joined the retailer in 1987, establishing its first human resources department.
Supplier Spotlight Presented by IGI
The industry gathered to celebrate those who elevate the jewelry and watch industries.
De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
At JSA’s annual luncheon, President John J. Kennedy said the organization recorded more than 2,000 cases last year.
It highlights Gabrielle “Coco” Chanel’s lasting influence on modern design.
Jewelers of America’s Amanda Gizzi explores the qualities and accomplishments that make this year’s Gem Award nominees shine.
Here’s what the nine chosen organizations plan to do with the funds.
The designer is nominated for a Gem Award for Jewelry Design.
The jewelry giant’s full-year sales were essentially flat, brought down by fourth-quarter declines.
In its recent results, the company highlighted non-bridal jewelry sales and said its “inventory-light” showroom model may change.
See 15 fabulous pieces from the 2023 Gem Award for Jewelry Design nominees: Anita Ko, Kirsty Stone, and Ron Anderson and David Rees.
The new Cal. E365 movement doubles the running time of the current Eco-Drive models.
The mood among diamantaires is fairly optimistic despite the challenges brought about by sanctions and a cloudy economic outlook.
The mood is bullish as more companies get into the business despite the dramatic drop in lab-grown diamond prices.
Shah talks with National Jeweler about diamond demand, lab-grown, and why it’s difficult to make predictions about the U.S. market.
The educational resource will highlight the positive impact diamonds can make on their journey from mine to market.
Australian mining company Burgundy Diamond Mines announced plans to buy the mine in a deal valued at $136 million.
A 17th-century gold seal ring and an 18th-century memento mori ring met or exceeded estimates at a recent Noonans auction.
They will be recognized at the organization’s annual luncheon this weekend in New York City.
Sherry Smith breaks down the results so far this year, including which categories are the sales standouts and which are struggling.
The 1,000-year-old find is now on display in the Dutch National Museum of Antiquities.
More than 200 exhibitors are scheduled for the May 11-14 event.