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MadaLuxe Group Acquires Ippolita The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.
OtherMay 10, 2015
What you might have missed
An article detailing the continued shrinkage of the jewelry industry was the most-read story on National Jeweler last week, while an article about the yellow diamond still for sale at Borsheims came in second.
This 50.02-carat fancy yellow diamond, brought in by Borsheims for Berkshire Hathaway’s 50th anniversary, was still up for grabs as of last Wednesday. The article about the stone was one of the most read on National Jeweler last week.
New York--Here are the top five stories on NationalJeweler.com from May 3 to 9, according to Google Analytics.
1. Retailers, wholesalers continue to close up shop
According to the latest statistics from the Jewelers Board of Trade, the industry shrinkage that was recorded last year has carried over into the first quarter of 2015.
2. Post-purchase, layoffs occur at Scott Kay
Frederick Goldman has laid off a number of employees at Scott Kay Inc., the brand it acquired in February following the untimely death of its founder and designer Scott Kay in late 2014.
3. Borsheims’ golden diamond still up for grabs
While the Omaha retailer sold many stones during Berkshire Hathaway’s shareholders event earlier this month, the 50.02-carat fancy yellow remains in stock.
4. Trendy picks for Mother’s Day jewels
Top jewels expected to sell for Mother’s Day this year included personalized pieces, stackable bangles and sterling silver items.
5. Macy’s gets into the off-price business
The retailer is set to open four Macy’s Backstage stores this fall in the New York City area, selling marked-down merchandise, including fine jewelry.
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