September Hong Kong Jewelry Fair Honors Award-Winning Jewelry Designers

Design talents from across the jewelry and gemstone field were honored during the Welcome Reception of the September Hong Kong Jewellery & Gem Fair on September 21. The ewinners of the IU Awards were named and awarded, celebrating their achievements in the field of lapidary arts in colored gemstones, while...

Read More

Winners of the JNA Awards

The 2012 September Hong Kong Jewellery & Gem Fair, the tradeshow hosted the inaugural JNA Awards during a ceremony held September 20 at The Ritz-Carlton, Hong Kong. The JNA Awards honors and recognizes excellence and achievement in the jewelry trade.The event, the first of its kind in Asia, was organized...

Read More

Gemfields Revenue and Profit Soar

Miners hold a rough emerald from the Kagem mine in Zambia.Colored gemstone mining and marketing company, Gemfields, reported that revenue from sales increased 108 percent to $83.7 million, year-over-year, for the year ended June 20. Pre-tax profit for the same period increased 140 percent to $47.8 million.“They...

Read More

High-End Brands Showed their Stuff at The Luxury Review Event

YNY Jewels specializes in well-designed pieces made with fancy colored diamonds, colored gemstones and precious metals. LOS ANGELES — Jewelry and watches shared the spotlight with luxury brands from an array of industries during the recently held The Luxury Review: Los Angeles at The Petersen Automotive Museum.Bozeman...

Read More

50-Carat Flawless Diamond Sells for $9.5 Million

50.52-Carat Pear-Shaped Diamond that sold for $9.5 million. CHRISTIE'S IMAGES LTD. 2012NEW YORK — Big diamonds sparkled during Christie’s sale of Magnificent Jewels in New York on Tuesday. Leading the way was a pear-shaped D color flawless diamond of 50.52 cts., which sold for $9.5 million, or $188,000 per carat,...

Read More

Tiffany Promotes Senior Executives

Frederic CumenalBeth CanavanTiffany & Co. said Wednesday that it is shifting and expanding responsibilities for two executive vice presidents, Beth Canavan and Frederic Cumenal.Cumenal, 53, joined the international luxury jewelry retailer in March 2011 from the LVMH Group. He has been responsible for Tiffany's...

Read More

Harry Winston Is Not For Sale

The Harry Winston salon in Paris.Harry Winston Diamond Corp. issued a statement Thursday saying it is not in talks to sell its luxury jewelry and watch business. “While it is the company’s general policy not to comment on market rumors, it confirms that it has received various indications of interest regarding...

Read More

‘Pigeon’s Blood’ Ruby Necklace Leads Diverse Christie’s Hong Kong Jewelry Sale

CHRISTIE'S IMAGES LTD. 2011It’s a rare jewelry auction these days where diamonds are not the most prestigious items for sale. This auction will break the trend as leading the sale of Christie’s Hong Kong Magnificent Jewels Autumn sale is a Burmese no heat “pigeon’s blood” ruby and diamond necklace (pictured above)...

Read More

Shanghai Fair Provides Buying Opportunities for Upcoming Holidays

Jewelry retailers in Asia will have a final opportunity to stock their shelves for the upcoming Christmas holidays and Chinese New Year festivities during the China International Gold, Jewellery & Gem Fair – Shanghai (Shanghai Fair), from November 9 – 12 at the Shanghai World Expo Exhibition and Convention...

Read More

Blue Nile Sales Up 19.8 Percent

Blue Nile said Thursday its net sales increased 19.8%, year-over-year, to $89.8 million for the third quarter due to a increases in all its product categories, including its new focus on fashion jewelry, and a large increase in new customers. However, international sales fell for the period ended September 30.Operating...

Read More

Montblanc’s Villeret Luxury Watches Keep The Minerva Soul

The home of traditional Swiss watch company now owned by luxury brand, Montblanc. Photo credit: Anthony DeMarcoVILLERET, Switzerland — In the Swiss watch industry, it could be said that the more things change the more they stay the same. This is particularly true for the watch company known today as “Montblanc...

Read More

Georg Jensen Acquired by Investment Group for $140 Million

Georg Jensen Fusion RingsInvestcorp, a group that invests in what it calls “alternative products,” said Monday that it has signed a definitive agreement to acquire Danish luxury silver brand, Georg Jensen, for $140 million from private equity group Axcel Capital Partners. With the sale comes a change in key personnel....

Read More

Pandora Produces Charming Q3 Sales and Profit Gains

Danish jewelry company Pandora said Tuesday that third quarter revenue increased 14.3 percent, year-over-year, to DKK 1.79 billion ($308 million) with double-digit gains across all geographical markets. Net profit for the period increased by 11.4 percent to DKK 380 million ($65.2 million). This is a strong turnaround...

Read More

Tiffany & Co. to Open Flagship Paris Store on Champs Elysées

Rendering of Tiffany's planned store in Paris.Tiffany & Co. said Tuesday that it plans to open a new European flagship store in Paris. The 10,000-square-foot, multi-level store will be located at 62, Avenue des Champs Elysées and is expected to open in 2014."This is a significant development and sales opportunity...

Read More

Consumers Online Spending Up 15% in Q3

Online retail spending for the third quarter increased 15 percent year-over-year to $41.9 billion, representing the 12th consecutive quarter of positive year-over-year growth and eighth consecutive quarter of double-digit growth, according to comScore, Inc.Gian Fulgoni, chairman of the Reston, Va.-based company...

Read More