Alor will no longer sell jewelry under the Charriol brand in the United States, Canada and the Caribbean, as the two companies remain engaged in a legal battle over international distribution and Alor returns to selling jewelry under its own brand.
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Gemfields’ recent auction of predominantly higher quality rough emerald and beryl in Lusaka realized $36.5 million, a company record for any auction.
Zale Corp. recorded a 2 percent increase in the same-store sales in the second quarter ended Jan. 31, with its Zales and Zales Outlet stores turning in the strongest performance.
Both J.C. Penney and T.J. Maxx/Marshalls recorded same-store sales increases in the fourth quarter while Target’s quarterly comps fell in the wake of the massive data breach that impacted millions of customers.
While I was in Tucson earlier this month, I had the pleasure of attending a small event to meet the team behind a documentary that’s in the works called Sharing the Rough.

A platinum Patek Philippe Ref. 5207 tourbillon minute-repeater with a perpetual calendar sold for $807,845 at Antiquorum’s auction held Saturday, the highest-grossing lot of the sale.
Same-store sales increased by only 1 percent in the fourth quarter for Macy’s Inc. despite a strong holiday season performance, the retailer reported Tuesday.
Though Nielsen research shows that their confidence retreated slightly in February, consumers overall are feeling more upbeat than they have in nearly six years.
The U.S. Attorney for the Eastern District of Pennsylvania announced recently that it is bringing an indictment against eight Philadelphia men allegedly involved in a series of violent smash-and-grab robberies in the Northeast over the past few years.

The pocket watch given to Babe Ruth after the New York Yankees won the World Series in 1923 went for $717,000 at an auction held Saturday in New York City.
A man wanted by federal authorities in Las Vegas in connection with an alleged diamond mining company stock scam that bilked investors out of millions has died in Canada, authorities have confirmed.
Ogilvy & Mather Worldwide is now the global marketing communications partner for Tiffany & Co. and will complement the retailer’s international marketing capabilities with brand positioning and ad support.

The Dubai Multi Commodities Centre along with the Gem & Jewellery Export Promotion Council will premiere a new industry fair next month in Dubai, the Global Gem & Jewellery Fair.
When I arrived at work on Friday morning, a headline relating to the big news that has the industry buzzing--the pending merger of Signet and Zale--caught my eye immediately. “Signet to Buy Zale, Law Firms Cry Foul” it read, with the corresponding article going on to list five, just to “name a few,” law firms that are “investigating” the deal.
Jewelers of America announced last week that it would introduce the JA Political Action Committee Awards to recognize individual members who make contributions to support the organization’s legislative advocacy for the fine jewelry industry.
The Gemological Institute of America’s New York Laboratory announced recently that it is suspending two of its services next month as the organization prepares to relocate from its current offices to the International Gem Tower.

As the Oscars approach, retailer Hamilton Jewelers is looking to bring some star power to the community with an event celebrating red carpet styles at its Palm Beach Gardens store.

David Zar, who spent the last 13 years at Le Vian, has founded a jewelry brand called Marco Moore, which will manufacture limited-edition jewelry and watches to be sold through independent retailers and, eventually, high-end department stores.

Christie’s is holding an online-only auction of jewelry beginning Tuesday that will offer pieces by Chopard and Van Cleef & Arpels.
Three jewelry-selling retailers that reported their financials Thursday did not record strong increases in sales in the fourth quarter, despite the fact that it is generally the most wonderful time of the year for retailers.
Golden tones in jewelry were big among celebrities in January and February, as they rocked pieces that were either metal-heavy or featured diamonds and colorful gemstones.
Gold jewelry demand in the United States rose 13 percent in volume terms last year while total U.S. consumer demand for the metal was up 18 percent, the World Gold Council’s report for 2013 shows.
Glen Senk is resigning as CEO of David Yurman Inc. after a little less than two years in the position, effective immediately, the company confirmed Wednesday.

Designer Alex Woo has crafted two pendants inspired by Disney’s new film Bears, which is narrated by actor John C. Reilly and opens April 18.

A Patek Philippe Ref. 5004A, one of only 50 of its kind, is expected to sell for as much as $645,000 at Antiquorum’s sale scheduled to take place Saturday at the Mandarin Oriental in Hong Kong.