Jewelers say they are concerned about how this latest fiscal crisis, coming only a little more than two months before the all-important holiday season, will impact consumers’ mindset about spending money.
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Colored gemstone miner Gemfields PLC announced that its recent auction of traded rough emeralds held in Jaipur totaled $8.5 million. The sale also set a new price-per-carat record for the company.
Hearts on Fire announced Tuesday that it opened the second of its new concept retail stores in Philadelphia while also confirming that it has shuttered its first U.S. retail location, the boutique located in the Borgata hotel in Atlantic City, N.J.
The Palm Beach Show Group (PBSG) has acquired the New York-based Avenue Antiques, Art & Design at the Armory Show from Manhattan Media.
Six brands under the Richemont Group umbrella recently scored a victory in what their attorney is calling a “landmark” case in the ongoing battle against an online sale of counterfeit luxury goods.
Tiffany & Co. is on the hunt for another company to handle its watch business following the official termination of its agreement with the Swatch Group Ltd.
I recently spent 48 hours in the City of Light with Mauboussin, visiting several of the brand’s stores, attending a launch party for its new collections and squeezing in a little sightseeing on the side.
Diamond-accented earrings were all the rage among celebrities last month as they donned drop and stud looks for a range of appearances, including movie premieres, casual outings and New York fashion week runway shows.

Entertainment and music memorabilia auction house Julien’s will offer more than 200 items, including pieces of jewelry, once worn by Elizabeth Taylor at its Icons & Idols: Hollywood sale next month.
Next year’s Miami Beach Antique Jewelry & Watch Show will take place in a new location and debut a new name: the Miami Antique Jewelry & Watch Show.
Costco Wholesale Corp. reported a single-digit increase in U.S. same-store sales for both the fourth quarter and fiscal year ended Sept. 1.
Fine jewelry, along with apparel and accessories, are among the categories turning in an above-average performance at J.C. Penney Co. Inc., the retailer said this week.
An “Ultimate Diamond Experience” with Forevermark toting a price tag of nearly $2 million is among the “Fantasy Gifts” listed in Neiman Marcus’ 2013 Christmas Book, a catalog of holiday-ready luxury items that include the extremely lavish and extravagant.
Ira Melnitsky has been appointed CEO of Tourneau, succeeding James Seuss who left the company last year to serve as CEO and global president of Hunter Boots.
The fifth edition of Only Watch, Sept. 28 at the Hermitage Hotel in Monaco, totaled about $6.9 million, an “unprecedented” amount for the charity event.
Saks Inc.’s Off 5th chain of department stores launched an e-commerce site Monday, making the company’s deeply discounted merchandise available to consumers around the clock.
A blog on straight and same-gender wedding jewelry and a new engagement ring application from a retailer are among the most recent online developments in the industry.
Russia Today is reporting that Signet Jewelers, parent company of Sterling Jewelers, and diamond miner Alrosa are on the verge of inking a diamond sourcing deal worth $80 million.
Day’s Jewelers will showcase the durability of the Reactor watches it carries with a “strength pull” demonstration at the Man Expo in Maine this weekend.

At the Diamond Gallery in Winnipeg, owners Allan, Anita and Lisa Malbranck opt not to plate any of their white gold jewelry, allowing those pieces to stand apart from platinum with their slightly warmer tone.
In an official statement published Tuesday the Antwerp World Diamond Centre (AWDC) responded to the lifting of restrictive measures on the Zimbabwe Mining Development Corporation (ZMDC) by the European Union.
Fine jewelry and watches top the wish lists of some of the wealthiest American women this holiday season, a new survey finds.
Partnership Africa Canada (PAC) recently published a report on the Kimberley Process on behalf of the KP’s civil society coalition, intended for use by the industry and the general public.
The American Gem Trade Association (AGTA) has named Jennifer McCurry, Jennie Ma, Barbara Heinrich, John Hatleberg and Jose Hess as the judges for its 2014 Spectrum Awards.
A decision by European Union to lift sanctions against a state-run diamond mining company in Zimbabwe is drawing criticism from the same non-governmental organization that exited the Kimberley Process over issues in the nation.