Weekly Top 5 News In The Jewelry Industry – Oct.21.2019

1. The latest statistics from the jeweler’s Trade Commission (JBT) show that the jewelry industry has not stopped shrinking – the ongoing integration process has even begun to accelerate. JBT’s official statistics show that 743 companies have shrunk in the past year, or 2.8%.

2. Stamford Mall officials confirmed that Pandora’s jewelry store was closed after spending 10 years in the center of Stamford town. Reflecting the high turnover at a mall now up for sale, the store on the fifth floor was closed on 6 October.

3. Pakistani businessmen believe that the export of gems and jewelry from Pakistan, which is rich in gems, to China will help the country generate income, local media reported. The chairman of the chamber of Commerce said that China is the world’s largest consumer of gems and jewelry, and Pakistan is the world’s fifth largest supplier of gems with the potential of the Chinese market.

4. Tiffany&Co. has launched the most expensive jewelry calendar in history, which is filled with diamonds and gold jewelry. There will be only one in the UK, and the four-foot calendar will include diamonds, a brand new watch and so on. The calendar is set to be one of the most expensive in the world, worth £ 104000.

5. Jewellery & Watch will host a forward-thinking sourcing scheme at its 2020 event, facilitated by the National Association of Jewellers (NAJ). According to the NAJ, the Spring FORWARD scheme is designed to connect UK-made brands and makers with department store buyers.

Extracted from:

1. https://www.jckonline.com/editorial-article/industry-shrinkage-picks-up-steam/

2. https://www.stamfordadvocate.com/business/article/Pandora-jewelry-store-closes-at-Stamford-Town-14541378.php

3. http://www.xinhuanet.com/english/2019-10/18/c_138482879.htm

4. https://www.standard.co.uk/insider/style/tiffany-co-is-launching-a-104k-jewellery-advent-calendar-full-of-diamonds-and-gold-jewellery-a4259806.html

5. https://www.professionaljeweller.com/jewellery-watch-announces-forward-thinking-sourcing-scheme-for-its-2020-event/

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