Jamie Dunton and Gabriella Botelho are the first graduates of the program, created by the WJA Foundation and Julius Klein Diamonds.
Macy’s gets into the off-price business
The retailer will open four Macy’s Backstage stores this fall in the New York City area that will sell marked-down merchandise, including jewelry.
New York--Macy’s has announced that it will launch an off-price division called Macy’s Backstage this fall, beginning with four pilot stores in the New York City area.
Each location will be about 30,000 square feet and offer an assortment of products including fine jewelry as well as clothing, shoes, fashion accessories and housewares. The merchandise will be a mix of clearance products from regular Macy’s stores and special discounted buys from specific brands.
The stores also will have amenities such as free Wi-Fi, and one location also will test a café concept, Macy’s said.
The retailers is expected to hire about 30 staff associates for each.
The pilot stores will be located in the following neighborhoods:
--Sheepshead Bay, Brooklyn, N.Y.;
--Queens Place, Elmhurst, Queens, N.Y.;
--Lake Success Shopping Center, New Hyde Park, N.Y.; and
--Melville Mall, Huntington, N.Y.
“We believe we can deliver a whole new level of value to customers who appreciate fashion and love to hunt for a bargain,” said Peter Sachse, Macy’s chief innovation and business development officer. “Macy’s Backstage stores will be designed to surprise and delight customers with continuously updated and fresh merchandise assortments focused on delivering current fashion with incredible prices, day-in and day-out, and enthusiastic sales associates.”
Macy’s currently operates about 885 full-line Macy’s stores across 45 states and Washington, D.C.
The company has indicated that its new off-price business is a key growth initiative for it, aligning it with a number of other major high-end and mid-tier retailers that have been putting more focus on their outlet divisions, including Saks and its Off 5th stores, Nordstrom with Rack and Signet Jewelers Ltd. with its new Jared Vault concept and the acquisition of the Ultra outlet chain.
The Latest
In the spirit of giving, Retrouvaí will donate $4,000 from the sale of this ring to the Los Angeles Regional Food Bank.
Co-owner Dan DeVries shared what it’s like moving into a space triple the size of its old store and how it feels to be a “real jeweler” now.
‘Forever Present’ campaign revives the iconic A Diamond is Forever tagline and celebrates the diamond dream.
Along with the latest “Gardens” collection, the brand has released limited-edition designs offering more indulgent pieces.
The man and woman are accused of stealing jewelry from a shipping container then trying to flee by paddling a small boat out into a bay.
The 2,488-carat diamond recovered from a mine in Botswana has been dubbed “Motswedi” while its 1,094-carat sibling is “Seriti.”
For over a century, Jewelers of America has been the voice of the industry and valuable resource to jewelers across the country.
The average price per carat hit a record high for the miner, which said it remains unaffected by the conflict in Mozambique.
The nearly 17-carat stone made history for the color-change gem that, according to the auction house, is experiencing a “notable surge” in the market.
More than a century after survivors gifted a Tiffany timepiece to the captain of the ship that rescued them, the jeweler has reclaimed it.
The videos highlight how pieces from the “Xpandable” and “Reversible Xpandable” collections put the wearer in the spotlight.
Feldman reflected on 45 years in the jewelry industry and clarified that it’s not a total retirement.
The luxury brand is being honored for excellence in high jewelry design in its “Haute Joaillerie Sport” collection.
Circelli was a pioneer in the world of TV shopping who is remembered for his passion for gemstones and his big personality.
The nearly 6-carat stone headlined the recent jewelry auction, which also featured Mica Ertegun’s jewelry.
The three men, who got their nickname because they’d toss the jewelry they stole into black plastic bins, were arrested back in August.
“The History of Diamond Engagement Rings: A True Romance” is a 128-page small-format book containing more than 165 images.
Gearys opened a 6,200-square-foot Rolex store with a design that pays homage to the brand’s connection to the ocean.
The diamond cut grade is now available for marquise- and pear-shaped diamonds.
DDG said the honorees’ business practices embody a commitment to positive social impact, industry innovation, and community empowerment.
Estimates on the size and value of the solitaire diamond, which is mounted on a diamond pavé-set yellow gold band, vary.
These half-moon tanzanite earrings totaling 25 carats are part of a special trunk show taking place this weekend in Dallas.
The National Jeweler editors recap the top news, the best jewels, and their favorite stories of the year.
The highest-grossing lot of the sale was the retired QB’s Rolex Paul Newman Daytona “John Player Special.”
Recent expansion initiatives at the Zambian emerald mine have shown strong production numbers, said Grizzly founder Abdoulaye Ndiaye.
The competition awarded 12 designers, each from a country where De Beers recovers diamonds, with business support and tuition assistance.