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Marc Metrick Out as CEO of Saks Global Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.
TrendsMay 27, 2016
Week in Photos – May 23, 2016
Tiffany, Signet and Movado all released their first quarter numbers this week, with very mixed results amid a challenging retail environment.
A number of majors reported their first quarter numbers this week, with very different results. Tiffany & Co. said that sales were down due to weak tourist and domestic spending, and Movado saw both sales and income decline in a difficult retail environment.
Meanwhile, Signet reported that both comps and sales were up in the three-month period, helped along in part by its Ever Us two-stone collection.
Another big diamond also stepped into auction spotlight this week, with Christie’s unveiling the “Cullinan Dream,” a 24.18-carat fancy intense blue diamond.
National Jeweler reported the results of its latest product pulse surveying jewelers about gold sales, and spoke with the author of the popular book Stoned about the role of jewelry in history and how perception influences value.
See it all and more in this week’s photo slideshow.
Before her first trip to the massive market week in Las Vegas, National Jeweler’s new Associate Editor Ashley Davis talks about which designers and pieces she’s most excited to see at the upcoming Couture show.
This month’s Rocks On delves into the current market trends that are keeping peridot popular and what’s happening in terms of the stone’s supply and pricing.
In the latest product pulse survey from National Jeweler, nearly half of retailers polled indicated that gold jewelry sales were holding steady. Pictured here is a white gold evil eye pendant from Quality Gold, one of the brands listed as best-sellers in the survey.
National Jeweler’s countdown to Las Vegas continues with coverage of one MacBook giveaway at JCK Las Vegas, a millennial expert who will speak at a breakfast session and KC Designs’ 30th anniversary.
Rio Grande announced the winners of its annual Saul Bell Awards across seven categories. Pictured here is “On the Wing” by Debbie Sheezel, first place winner in the enamel category.
Longtime watch industry executive Stuart Zuckerman, who helped build both Seiko and Citizen in the U.S., died at the age of 67 after a long battle with Frontotemporal Degeneration.
The “Cullinan Dream,” a 24.18-carat fancy intense blue diamond, is the latest big blue stone to come to auction. Christie’s gave this one a pre-sale estimate of between $23 and $29 million.
National Jeweler talked to Stoned author Aja Raden about how the desire for jewelry has shaped the world, how perception affects value and her favorite pieces from history.
In the first half of a two-part Style File exploring the popularity of all things rose-colored, Amanda Gizzi displays 12 great rose gold jewelry designs.
Signet reported that comps and total sales both were up in its first quarter, helped by the Ever Us two-stone jewelry line and diamond fashion jewelry. Tiffany & Co., meanwhile, saw sales global sales dip 7 percent in Q1, and will look to expand its watch business in the face of slipping jewelry sales, while Movado’s sales and income also were down in a challenging retail environment.
National Jeweler has released the latest edition of its quarterly digital magazine, a pre-Las Vegas show issue that explains the changes made to the layout of JCK Las Vegas, among other market week coverage.
De Beers announced Friday morning that it had appointed group director of strategy and business for Anglo American Bruce Cleaver as its CEO effective July 1 following Philippe Mellier’s decision to step down.
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