Weekly Top 5 News In The Jewelry Industry – Nov.11.2019

1. After two tough years, Pandora Jewelry is refocusing its in-store experience to move beyond back-to-back years of declining sales in the U.S.Pandora is opening its first experience-focused concept store in the U.S. on Thursday, at Garden State Plaza in Paramus, New Jersey.

2. Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.

3. The Hardin Center for Cultural Arts will host a special reception Tuesday evening to celebrate an exhibit currently on display. Gold, platinum, a variety of pearls, diamonds, topaz, opals, aquamarine, rubies, tourmaline, amethyst and sapphires are included in the jewelry on display with many of them containing unique interlocking combinations that transcend the jewelry into decorative arts.

4. Shares in luxury goods group Richemont fell over 5 percent on Friday after it said political protests in Hong Kong weighed on first half sales and reported higher than expected losses at recently-acquired online distributors.

5. The Atlanta Jewelry Show is seeking applicants to compete in the CAD/CAM Challenge to be held March 7, 2020, at Cobb Galleria Centre in conjunction with the Spring edition of AJS, March 7-9, 2020. This competition highlights the expertise and craftsmanship required to turn basic ideas into brilliant finished pieces

Extracted from:

1. https://www.glossy.co/fashion/jewelry-brand-pandora-is-overhauling-u-s-stores-to-focus-on-experiences

2. https://www.businessinsider.com/tiffany-asks-lvmh-to-raise-its-145-billion-offer-sources-2019-11

3. https://www.gadsdentimes.com/news/20191109/hardin-center-to-host-reception-for-space-jewelry-exhibit

4. https://www.businessoffashion.com/articles/news-analysis/richemont-results-hong-kong-protests-jewellery

5.https://instoremag.com/the-atlanta-jewelry-show-is-calling-all-cad-designers/

Weekly Top 5 News In The Jewelry Industry – Nov.04.2019

1. LVMH has offered $14.5 billion for Tiffany & Co., and Tiffany said it has received a $120 per share offer from this luxury giant. At 2:55 p.m. New York time on Monday, Tiffany’s share price jumped 31% to a record $129 a day.

2. Chinese scientists grew 1-carat artificial diamonds in lab. An artificial diamond can grow at a pace of 0.007 millimeters per hour, and in seven days, it will be about one carat in size. Its hardness and purity are comparable to those of natural diamonds. This kind of diamond is about one-sixth price of natural ones

3. According to the analysis of the UAE gem and jewelry market, the UAE gem and jewelry market is expected to grow at a compound annual growth rate of 8% by 2024 with a market size of 8.4 billion US dollars in 2018.

4. The 15th Annual Rock and Mineral Show was held at the Brewer Auditorium, BREWER, Maine. Jewelry and sculptures made from crystals and minerals from around the world were for sale

5. anna now has a special jewelry collection after her latest debut. On October 30, the 31-year-old singer and entrepreneur launched his first set of four pieces, called “cameo,” for between $340 and $530

Extracted from: https://www.bloomberg.com/news/articles/2019-10-28/louis-vuitton-owner-confirms-interest-in-jeweler-tiffany-k2a51uml

1. http://english.cas.cn/newsroom/cas_media/201910/t20191031_222074.shtml

2. https://finance.yahoo.com/news/uae-gems-jewelry-market-analysis-160600182.html

3. https://www.wabi.tv/content/news/Crystals-jewelry-and-much-more-at-15th-annual-Rock-and-Gem-show-564319071.html

4. https://us.hola.com/fashion/2019110129731/rihanna-fenty-jewelry-line/

Weekly Top 5 News In The Jewelry Industry – Oct.28.2019

1. Gold prices have soared this year, squeezing jewelers’ prices and gross margins. Smaller companies may pass on costs to consumers. Larger companies are more likely to see their gross margins take a hit. As consumers seek to cash in on gold assets, the jewelry recycling market is booming.

2. October 24 – Bulgari Chief Executive Officer Jean Christophe Babin said he expects jewelry sales in China to double in 3-5 years, even if economic growth slows. And he plans to open more stores in this country

3. Louis Vuitton owner LVMH has approached Tiffany & Co with an acquisition offer. Tiffany has hired advisers to review LVMH’s offer but has not yet responded to it. The exact price that LVMH was offering to buy Tiffany, which has a market capitalization of $11.9 billion, could not be learned.

4. According to market research agency Euromonitor International, global sales of men’s fine jewelry raked in $5.8 billion USD last year, a sizeable 23% increase since 2013, as NBC recently reported. searches for “men’s jewelry” are up 50% percent since the beginning of the summer, led by bracelets and necklaces.

5. In the third quarter of 2019, 229 US jewelry retailers closed, the Jeweler Trade Commission reported. That number represented an increase from 193 closings in the third quarter of 2018. The total includes 182 retailers in the “discontinued” category, 43 “consolidated (sales / consolidation)” and 4 bankrupt enterprises. This means the industry is shrinking faster.

Extracted from:

1.https://markets.businessinsider.com/commodities/news/gold-price-increase-has-affected-jewelers-prices-hit-margins-2019-10-1028615042#

2.https://uk.finance.yahoo.com/video/bulgari-add-stores-china-jewelry-021947756.html?guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAGiVUArr65GgO0_JOZ-8SHSJPngcxzt0ob3pzIwx1zlWyoavd0OACjcS0qN1pKXq77Mo595FMlC8u0B11eVmqsAvniQfV5_y2AUIAR3Yxws_ep22oBerEkccbx7EbdoEyZOUxJ5iB-v2ctOaln0ygpYec4FdOgEZ8vm-XQUqTW3Q&guccounter=1

3.https://www.cnbc.com/2019/10/27/french-luxury-group-lvmh-offers-to-buy-us-jeweler-tiffany.html

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://instoremag.com/229-us-jewelry-retailers-closed-in-the-3rd-quarter/#close-olyticsmodal

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/

Weekly Top 5 News In The Jewelry Industry – Oct.8.2019

1. California governor Gavin Newsom (Gavin Newsom) has signed the latest law of the state containing metal jewelry requirements into law, which has been hailed as “the world’s most comprehensive regulations on lead and cadmium”. The bill (SB 647) was introduced by Senator Holly Mitchell (Holly Mitchell) in February, and was approved by the Senate and the Congress. It was signed into law in September 27th.

2. Responsible Jewellery Council joins UN Global Compact to act on SDGs. It has forged a new partnership with the UN Global Compact which will see members such as Swarovski, Tiffany & Co and the De Beers Group, develop actions that align and contribute to the Sustainable Development Goals (SDGs).

3. The Jewelry History Series will once again take place in tandem with the Original Miami Beach Antique Show (OMBAS), January 3rd and 4th. the two days of programming features venerable jewelry experts and historians who will present on a variety of topics.

4. The value of Thailand’s gems and jewelry export reached 11.452 billion U.S. dollars in the first eight months of 2019, up 45.81 percent year-on-year. Deputy Commerce Minister Weerasak said that gems and jewelry export has become the third biggest earner for Thailand

5. Turkey is going to host an international conference on jewelry and gemstone next week in Istanbul.
According to Turkey’s Jewellery Exporters’ Association on 4th, Oct. Istanbul will host the 8th conference of the Association of Southeast Asian Nations (ASEAN) Gems and Jewellery for the first time. The conference will gather 35 countries from Asia, including Brunei, Cambodia, Laos, Malaysia, Myanmar, Philippines, Thailand and Vietnam.

Extracted from:

1. https://chemicalwatch.com/82745/california-adopts-nations-toughest-limits-on-metals-in-jewelleryluxury-group-acquires-buccellati-now-celebrating-a-century-of-making-jewelry/#26f371b93b3e

2. https://www.edie.net/news/7/Responsible-Jewellery-Council-joins-UN-Global-Compact-to-act-on-SDGs/

3. https://instoremag.com/original-miami-beach-antique-show-to-host-annual-jewelry-history-series/#close-olyticsmodal

4. http://www.xinhuanet.com/english/2019-10/03/c_138446634.htm

5. http://www.hurriyetdailynews.com/istanbul-to-host-conference-on-asian-jewelry-industry-147170

Weekly Top 5 News In The Jewelry Industry – Spet.30.2019

1. On September 27, 2019, Richemont Group announced that it had acquired 100 percent of renowned Italian jewelry house Buccellati Holding Italia SpA in a private transaction with Gangtai Group Corporation Limited, a privately held conglomerate.

2. Jewelers’crime losses drop 26% to hit record lows. Losses declined to $53.4M. According to the Jewelers’ Security Alliance’s 2018 Annual Crime Report, from 2017 to 2018, US dollar losses from crimes against American jewelry companies fell by 25.9%, hitting record lows.

3. The Trump government lifted the tariffs on more than 400 products from China. The list spanned everything from dog collars to ice cream makers. Once again, jewelry-related products apparently didn’t make the cut—which means they are still subject to the tariffs enacted in September. Those duties, which were originally 10%, were raised by President Trump to 15% in a late August tweet. Industry sources said that at present, the industry has not been affected by the new responsibilities, but with the approaching of holidays, the situation may change

4. The GEM Awards committee of Jewelers of America (JA) has announced the GEM Award nominees in the categories of Jewelry Design, Media Excellence and Retail Innovation. The winners in these categories will be announced live during the 18th Annual GEM Awards on Friday, January 10, 2020, at Cipriani 42nd Street in New York

5. Hermès celebrated its new collection of Free-Spirited, Body-Inspired Jewelry with a dance performance at New York’s Lincoln Center. The collection also explores the chain link as a building block of metal jewelry, and as a symbol of strength and attachment.

Extracted from:

1. https://www.forbes.com/sites/elizabethdoerr/2019/09/27/richemont-luxury-group-acquires-buccellati-now-celebrating-a-century-of-making-jewelry/#26f371b93b3e

2. https://instoremag.com/jewelers-crime-losses-drop-26-to-hit-record-lows/

3.https://www.jckonline.com/editorial-article/trade-war-affect-jewelry-business/

4. https://instoremag.com/jewelers-of-america-announces-the-2020-gem-awards-nominees/#close-olyticsmodal

5. https://news.artnet.com/art-world/hermes-enchainments-libres-new-york-1662511

Weekly Top 5 News In The Jewelry Industry – Spet.25.2019

1. New York City Jewelry Week is now scheduled for November 18-24. Now, the second NYCJW held in the whole city has launched an expansion plan with more international perspectives.
The organizers said NYCJW is presenting international curators and designers, to exhibit contemporary jewelry exhibitions and projects with artists from Italy, Korea, Sweden, Greece, Denmark, Britain, Canada, France and Germany. The organizers also pointed out that the Museum of Art and Design will display Greek jewelry.

2. September Hong Kong Jewellery & Gem Fair was held in south China’s Hong Kong. The fair held from Sept. 18 to 22 at Hong Kong Convention & Exhibition Center has attracted over 3,700 exhibitors from around the world.

3. Royal Mint makes jewellery as people go cashless. As people are using less cash, the Royal Mint has expanded its offering by turning to jewellery making. Traditional coin-pressing techniques are used to make much of the jewellery. But currency is still the bedrock of their business.

4. Tiffany & Co. opened a huge exhibition of “Vision and Virtue” in Shanghai, displaying long-standing works in immersed multi-story cabinets, including items never seen before. With more than 350 works, it is the largest exhibition of its kind, and the brand will try its best to attract Chinese luxury consumers.

5. The 64th Bangkok Gemstone and Jewelry Exhibition was a great success, with total sales exceeding 56 million. The second exhibition of this year was held from September 10 to 14, 2019, with the theme `The Magic Hand of Thailand: The Spirit of Jewelry Making’. Compared with the same period last year, the Expo attracted 13% of international visitors.

Extracted from:

1.https://wwd.com/business-news/markets/nycjw-expanded-program-1203286321/

2.http://www.xinhuanet.com/english/2019-09/20/c_138406243.htm

3.https://www.bbc.com/news/uk-wales-49690873

4.https://www.thecut.com/2019/09/tiffanys-shanghai-exhibit.html

5.https://www.professionaljeweller.com/bangkok-gems-jewelry-fair-reports-increase-in-sales-and-visitors/