The luxury goods conglomerate had success with Bulgari and TAG Heuer’s new smartwatch in 2015, though its CEO acknowledged that global economic “uncertainty” remains.
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He’s moving over to another Richemont-owned brand while Audemars Piguet’s Frédérick Martel steps in to head Baume & Mercier’s North American business.
Shortages following a “reasonably good holiday season” in the United States spurred another increase in polished diamond prices, Rapaport said Tuesday.

The diamond miner and marketer said rough diamond sales totaled $540 million in its first sales cycle of the year, more than double the $248 million recorded at the end of 2015.
Editor-in-Chief Michelle Graff shares her thoughts, and others’ memories, of Cindy Edelstein, who was everything to the jewelry industry.
Know somebody in the industry who deserves recognition? Nominate them for one of the Women’s Jewelry Association’s 2016 Awards for Excellence.
The Edge Retail Academy has added a coaching feature, market trending, budget line and loose diamond benchmarking to its Edge Pulse live-feed system.
The brand announced Wednesday that it will launch a new line of men’s and women’s fragrances in an agreement with perfume-maker Coty, which makes scents for Chopard and celebrities such as Beyonce and Katy Perry.
The industry is coming together to help the family of Cindy Edelstein with a college crowdfunding effort for her daughter led by designer Erica Courtney.

Jae’s Jewelers has been recognized with a Retailer of the Year award, and an employee from the family-owned and -operated store also has been recognized for her work and philanthropy.
The JVC has published a guide that provides simple tools jewelers can use to implement programs to ensure the products they sell are compliant with the law.
IIa Technologies, sister company to Pure Grown Diamonds, is refuting claims of patent infringement made by De Beers subsidiary Element Six.
The Jewelers Education Conference & Show is now called the Midwest Jewelers Conference & Show and will take place in downtown Kansas City, Mo.
More than half of the stores set to close are located in the United States, and the closures will effectively mean the end of the Walmart Express small-format store concept.

Northeastern Fine Jewelry is continuing its tradition of competing with big-box retailers on Black Friday weekend by giving shoppers a special gift, and this year it’s going with wearable tech.
A total of 10 retailers from five different sections of the country gave National Jeweler a rundown on what customers were buying at their stores over the weekend.
While Black Friday weekend sales figures don’t tell the whole story of the holiday season, they do lend some insight into consumer behavior.

The big-box retailer is carrying the Sport edition of the smartwatch, which is available on its website and in a small, select number of its stores.

Actress Gwyneth Paltrow will be the face of Barcelona-based jewelry and accessories brand Tous in 2016, which is now carried by more than 50 independent retailers in the United States.
Kering has appointed luxury industry veteran Sabina Belli as CEO of the Pomellato group, consisting of Italian luxury jewelry brands Pomellato and Dodo.
The manufacturer has signed an agreement with Hallmark Cards Inc. to create a line of jewelry branded by the well-known greeting card company.
Bonhams’ record-setting week continued Tuesday in New York, when the auction house sold a 7.84-carat Kashmir sapphire for $1.35 million, or $172,000 per carat.

As part of a reorganization, EGL will no longer issue “EGL International” certificates and has vowed it is working to homogenize its grading practices worldwide. Menahem Sevdermish is at the head of this operation.
It came from none other than actress and humanitarian Angelina Jolie Pitt, who worked with designer Robert Procop to create the piece for their “Style of Jolie” jewelry collection.
A 35-year-old man named Lewis Jones has been arrested in connection with a string of armed jewelry store robberies across the Southeast.