Though there is no new definition for conflict, members of the Kimberley Process did pave the way for one nation to get back into the diamond trade at last week’s plenary in Johannesburg.
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Walmart Stores Inc. announced Monday that Mike Duke, its president and CEO, will retire and be replaced by the head of the retailer’s international division, Doug McMillon.
The number of consumers who will purchase gift cards to give as holiday presents is projected to reach an all-time high this year, a National Retail Federation (NRF) survey shows.

On Dec. 27, Jay Jackson will retire as the president and CEO of Stuller Inc. His advice for retailers as he heads out the door: you have to embrace technology and have the ability to customize in order to survive.
October and November were golden months for celebrities and their jewelry styles, as they turned out in yellow- and white-hued bangles, rings and earrings for red carpet appearances, galas and parties.

A 52.58-carat D color, internally flawless Golconda diamond is expected to sell for up to $12.5 million at Christie’s New York on Dec. 10.

After seeing a growing number of celebrities donning yellow diamond rings and anticipating the trend is here to stay, Bernie Robbins Jewelers has released its own line of natural yellow diamond engagement rings.
Kohl’s Department Stores is teaming up with Jennifer Lopez, one of its collection designers, to launch an on-air and online Black Friday campaign that will include a preview of the singer’s new branded line of fine jewelry.
Designer Claudio Pino made several of the rings featured in the popular franchise’s second film.
Jewelers of America (JA) is offering its members an insurance promotion that will, in turn, allow them to offer sales promotions that tie refunds to certain events, such as the amount of snowfall or which team wins the big game.

The shareholders of Hari Krishna Exports Pvt. Ltd., a De Beers Group sightholder and diamond and jewelry manufacturer, have earmarked some funds for a very important and altruistic purpose.
Third quarter sales grew for Shop HQ, formerly ShopNBC, as did the company’s customer base, a change it attributes to selling fewer items in the jewelry and watches category while bulking up its selection elsewhere.
Fine jewelry was one of the top sellers at J.C. Penney in the third quarter, a quarter in which the retailer saw signs of improvement, recording its first same-store sales increase in almost two years.
Family-owned store Weber Jewelers has announced that Stephanie Weber will assume ownership of the company after they hold a retirement sale.
In an increasingly digital world, many businesses operate solely online but one e-tailer, Boston-based custom jeweler Gemvara, has just opted to open a physical store. Will more online sellers follow suit?
Jewelers of America (JA) is offering its members a new perk through its partnership with social media management platform Likeable Jewelers.
Initiatives in Art & Culture’s (IAC) 15th annual Fashion Conference will include educational seminars from professionals in the jewelry industry hailing from well-known brands and publications.
Gemfields’ auction of predominantly lower-quality rough emerald and beryl in Lusaka realized $16.4 million, a company record for lower-grade auctions.
After being led by the same individual for more than a dozen years, the World Diamond Council (WDC), the organization created as the diamond industry’s voice on the issue of conflict diamonds, has established a term limit for its president.
It’s time again for the Kimberley Process’ annual plenary meeting, and process observers say a broader definition of “conflict” diamond doesn’t seem any closer to finding the support it needs to pass this year.
Gemesis announced recently that it has produced an even bigger colorless lab-grown diamond: a 1.87-carat G color, SI1 clarity princess-cut stone.
The average per-ounce price of silver is expected to drop 19 percent next year, the manager of precious metals for Thomson Reuters GFMS said following the release of the company’s interim report on the metal.
Pearl company Jewelmer reports that the majority of its infrastructure was damaged in Typhoon Yolanda/Haiyan and will have to be rebuilt at a “considerable expense.”

A gold and diamond tiara worn by singer and fashion designer Victoria Beckham during her wedding to soccer star David Beckham is expected to fetch between $29,000 and $40,000 at Bonhams London.
Patrick F. McGuiness has resigned as chief financial officer of Tiffany & Co., effective Nov. 27.