Sales for Richemont’s four jewelry brands increased 8 percent, while watch sales picked up toward the end of the year.
ICA latest org. trying to attract younger crowd
The International Colored Gemstone Association is lowering fees for Junior Members, making it the latest in a line of organizations trying to pique young people’s interest in jewelry.
Hong Kong--As part of its mission to keep its young professionals active, the International Colored Gemstone Association announced that it is subsidizing nearly a third of the cost of the registration fee for younger members to attend its congress in May.
The registration fee for ICA’s Junior Members has been lowered from $900 to $250. The ICA Congress is scheduled to take place May 16 to 19 at the Cinnamon Grand Hotel in Sri Lanka’s capital of Colombo.
More than 400 ICA global delegates will participate at the event, and it also will include a gem trade show featuring more than 50 companies chosen by a selection panel.
“We regard it as very important that we encourage the younger generation of gemstone professionals to attend the Congress and other international events related to the colored gemstone business,” said ICA President Benjamin Hackman. “We want to see as many younger members as possible attend the Congress and become involved in the organization's activities.”
The news makes the ICA the latest industry organization to put an added focus on attracting younger people into the industry and getting them active, as all segments of the industry see the older generation retire without many younger professionals to replace them.
RELATED CONTENT: Industry sees spike in business discontinuances
The International Gemological Institute and the Gemological Institute of America also are focusing on new programs to garner interest for school-aged children.
The IGI recently organized a special seminar called “Young Gemologists” for 100 students of Oberoi International School in Mumbai, giving them a hands-on workshop about colored gemstones.
The GIA, meanwhile, has developed a curriculum for third- through fifth-grade students called “GemKids for Schools” designed to complement existing elementary school earth science programs. It teaches them about geology, mineralogy and gemology as well as the connections between nature and human industry.
The MJSA Education Foundation also has a new initiative in partnership with the New Approach School for Jewelers to introduce more young people to the field of jewelry-making.
The “Be a Jeweler” program includes a website to connect aspiring bench jewelers with mentors, and provides information on a bench jeweler’s typical job duties, skills needed and the work environment, as well as which schools offer training.
“The industry needs to replenish its workforce with new blood,” said Peggy Jo Donahue, director of the MJSA Education Foundation. “We lost almost an entire
The Latest

Two scholarships are available, one for new and non-members and another for NAJA certified members.

The retailer’s new flagship is set to open in October at the Tuscan Village development in Salem, New Hampshire.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Sapphires, emeralds, and rubies are finding their place in a U.S. market captivated by the gemstones once referred to as “semi-precious.”


Plus, parent company Saks Global announces plans to cut ties with up to 600 vendors.

Peter Smith joined Michelle Graff to chat about the state of brick-and-mortar stores and share a few book and podcast recommendations.

Supplier Spotlight Sponsored by GIA

The necklace features a candy-colored Australian white opal in 18-karat Fairmined gold, as the brand was named a Fairmined ambassador.

Sponsored by the Las Vegas Antique Jewelry and Watch Show

A private American collector purchased the 10-carat fancy vivid blue diamond.

The designer has taken the appeal of freshly picked fruit and channeled it into a capsule collection of earrings, necklaces, and pendants.

The country’s gem and jewelry exports fell 5 percent year-over-year last month, while imports declined 18 percent.

Around 54 million Americans and counting live with a disability. Here’s how to make your jewelry store and website more accessible.

The event is also accepting poster submissions now through June 16.

Before Pope Leo XIV was elected, a centuries-old procedure regarding the late pontiff’s ring was followed.

The one-of-a-kind platinum Rolex Cosmograph Daytona was estimated to fetch up to $1.7 million.

While the product has entrenched itself in the market, retailers and consultants are assessing the next phase of the category’s development.

The police are trying to identify the man suspected of robbing two Tiffany & Co. locations in the area.

The well-known Maine jeweler takes over for Brian Fleming and will serve a one-year term.

The donation was the result of the brand’s annual Earth Day Ingot event.

Located in NorthPark Center, the revamped store is nearly 2,000 square feet larger and includes the first Tudor boutique in Dallas.

The nonprofit has made updates to the content in its beginner and advanced jewelry sales courses.

BIJC President Malyia McNaughton will shift roles to lead the new foundation, and Elyssa Jenkins-Pérez will succeed her as president.

As a nod to the theme of JCK Las Vegas 2025, “Decades,” National Jeweler took a look back at the top 10 jewelry trends of the past 10 years.

The company plans to halt all consumer-facing activity this summer, while Lightbox factory operations will cease by the end of the year.

Following weekend negotiations, the tax on Chinese goods imported into the United States will drop by 115 percent for the next 90 days.