The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.
Retail Job Losses Called the ‘Next Big Political Problem’
Meet the Press tackled the issue Sunday, as did The New York Times with a spotlight on the Western Pennsylvania city of Johnstown.
New York--Two major media outlets addressed the issue of retail job losses over the weekend, with Meet the Press calling it the “next big political problem.”
During the “Data Download” segment of the Sunday morning news program, host Chuck Todd presented data from the Bureau of Labor Statistics showing that the number of people employed in retail declined between 2014 and 2016, even as the unemployment rate shrank.
He also pointed out that while disappearing manufacturing and coal jobs get a lot of attention from politicians, the number of positions lost in retail has “been largely ignored,” even though it is an industry that employs millions more than coal and is both demographically and geographically diverse.
“The loss of retail jobs is on the verge of hitting a crisis point, which will make it a hot-button issue in our politics,” Todd said. “Expect the great retail displacement to become a growing, major issue in 2018 and 2020 ... The biggest issue in the next 25 years will be work--the future of it--the population is growing and the jobs are disappearing.”
Also on Sunday, The New York Times ran an article about how the loss of retail jobs and the rise of online shopping is impacting small cities in the Northeast and Midwest that came to rely on retail for employment after their factories and mills shut down.
The Times article focused on Johnstown, a city in Western Pennsylvania that, like other areas in that half of the state, never really recovered from the closure of its steel mills.
Many of those who stayed in the area found retail to be their only employment option but, now, those jobs are disappearing as mom-and-pop stores lose ground to e-tailers. And while online retailers are creating jobs, they aren’t necessarily in smaller cities like Johnstown, the Times article states.
Among the small retailers profiled in the piece was Randy Clark, who runs family-owned men’s wear shop Miller’s Clothing Store.
Clark’s story will sound familiar to independent jewelers--struggles with vendors that won’t let him sell their product online (even though they do), a more casual society that has led to a decrease in demand for the product he sells, and the need to revamp his store in order to make it more of an experience.
The Times article also featured local jeweler Tom Apryle IV, who runs the jewelry store his great-grandfather opened in 1902,
The Latest

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.


Sponsored by A Diamond Is Forever

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

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

It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

Members of the U.S. Marshals Task Force took a 22-year-old man into custody. He was charged with tampering with evidence.

While the overall number of crimes was down, there were more incidences in which robbers pulled out guns, mace, or rammed cars into stores.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

The owners of Staats Jewelers are heading into retirement.

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.

She wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.

Two pieces were named “Best in Show,” one from the retail category and one from the supplier category.

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.

Led by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.

In his new role, sales specialist Billy Welshoff will focus on the eastern United States.
























