Yoram Dvash of Dvash Diamonds was elected president of the Israel Diamond Exchange, succeeding incumbent President Shmuel Schnitzer, who served one two-year term.
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The 66th General Assembly of the Israel Diamond Exchange gave former IDE President Yair Sahar the title of Honorary President.
The industry veteran will place an emphasis on training, education and the benefits of jewelers carrying natural color diamonds.
He is being replaced by Simon Trott, the managing director of Rio Tinto’s salt and uranium businesses.
Though the company did not provide details on its plans, CEO Philippe Mellier said more marketing is needed to stimulate demand in what’s expected to be a “volatile” year.
But the e-tailer isn’t being specific about the dollar amount of merchandise sold, and the reaction on social media was less than favorable.
The Jewelers Vigilance Committee advises that companies monitor the Financial Action Task Force’s lists of countries that aren’t completely cooperative with international anti-money laundering efforts.
The Responsible Jewellery Council has named longtime De Beers executive Andrew Bone as its executive director.
The Federal Trade Commission has issued proposed revisions to its Guides for the Jewelry Industry. Here are a few key things to know about them.
CEO Harvey Kanter said the company’s first standalone brick-and-mortar location is “exceeding expectations” and they plan to get additional stores open in the first half of 2016.
The watch company has teamed up with Silicon Valley companies HP and Fullpower Technologies Inc. to create two different smartwatches.
Though sales and income fell slightly, Movado Group said its brands “outperformed” other watches in what its CEO described as an “extremely challenging retail environment.”
Signet Jewelers Ltd. reported a 5 percent increase in same-store holiday sales, driven by bridal and fashion diamond jewelry, particularly “Ever Us.”
They slid 3 percent at constant exchange rates, with sales growth by Van Cleef and Cartier offset by soft demand for watches.
“Restrained consumer spending” hit the jeweler hard this holiday season, particularly in the United States, and it is now cutting jobs.
The online retailing giant known for sacrificing profits for the sake of growth also reported a substantial increase in net income in 2015.
Eva-Lotta Sjöstedt will step into the role as outgoing CEO David Chu focuses on his already existing role of chief creative director.
The “extremely unusual” case of the female jewelry robber continues. Authorities believe she has hit another jewelry store, this one in Tennessee.
Police in Rhode Island are still looking for the 21-year-old man they say took part in an armed robbery at a Providence pawn shop earlier this fall that left the owner with life-threatening injuries.
She allegedly has entered at least three jewelry stores alone and armed and tied up staff before exiting with thousands of dollars in diamond jewelry.
But just knowing the trends won’t be enough for jewelers to sell these pieces. They’ll need to market them accordingly too, said Jewelers of America’s Amanda Gizzi.
Centurion has outlined the educational program for its upcoming Select show in Dallas, and announced the promotion of Barri Singer to national sales executive.
Exhibitors at the JIS Miami show, which opened Thursday, reported that buyers seemed to be looking for classic, wearable pieces at lower price points ahead of the holidays.
Exhibiting in the city where he was born, Roberto Coin unveiled both new collections and additions to existing lines at the Vicenzaoro Winter show this past weekend.
The brand debuted its new Aquarius collection at the Vicenzaoro Winter show, a line of pieces in 18-karat gold with diamonds that are meant to be worn every day.