Weekly Top 5 News In The Jewelry Industry – Jan.06.2020

1. French luxury jewellery, watch, and perfume company Van Cleef & Arpels has opened its first ever high jewellery exhibition. The Milan-based exhibition, titled “Time, Nature, Love”, features more than 400 watches and pieces of jewellery produced since the Maison was founded in 1906. The exhibition will run until February 23, 2020.

2. Shares of Signet Jewelers (NYSE:SIG) were down 14.8% as of 11:00 a.m. EST Thursday after analysts at Wells Fargo (NYSE:WFC) downgraded the parent company of jewelry chains including Kay, Zales, Jared, and Piercing Pagoda.

3. Tiffany & Co. is launching its first comprehensive jewelry collection for men in October as it seeks to diversify its traditional customer base.

4. A new report published by IDEX Online shows that sales of fine jewellery and fine watches in the US market rose 3.2% year-on-year in October – the fourth successive month in which sales have increased.

5. Gems and jewellery exporters are eyeing new markets such as Russia, Brazil, Vietnam, Singapore, France and Italy after the adverse impact of economic slowdown in China and unrest in Hong Kong on shipments in this financial year. Exports of gems and jewellery fell 4.66 percent year-on-year in April-November 2019 and the trend is likely to persist in the rest of the current fiscal.

Extracted from:

1. https://en.israelidiamond.co.il/news/retail-and-jewelry/van-cleef-jewellery-exhibition/

2. https://www.fool.com/investing/2020/01/02/why-signet-jewelers-plunged-today.aspx

3. https://www.newsmax.com/world/globaltalk/poland-judiciary/2020/01/02/id/928643/

4. https://en.israelidiamond.co.il/news/retail-and-jewelry/us-sales-october/

5. https://economictimes.indiatimes.com/markets/commodities/news/gems-jewellery-eyes-new-markets/articleshow/73065388.cms

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Due to the Chinese New Year Holiday, orders after 14th January will be shipped out on 2nd February. We are sorry for any inconvenience caused.

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

1. U.S. Jewelry and Watch rise. According to Mastercard’s research, online jewelry sales grew by 8.8 percent from November 1-December 24, putting a positive spin on what has been a difficult year for the diamond and jewelry trade.

2. Jewelers in New York City have created the world’s most valuable dreidel, according to Guinness World Records. The custom-designed piece created by Estate Diamond Jewellery is valued at £54,000 ($70,000). It includes the diamond-encrusted Hebrew letters nun, gimmel, hay and shin, and a 4.2-carat diamond on its tip.

3. The Gibbes presents micromosaic jewelry exhibition this January. The exhibition opens on Jan. 17 and runs through May 3.

4. Tiffany still has a few minor hurdles to clear in meeting all of the closing conditions in its acquisition deal with global luxury retailing giant LVMH. That buyout is scheduled to occur at approximately $135 per share in cash, which should keep the stock hovering just below that price between now and the closing sometime in mid-2020.

5. The upbeat trends jewelers have seen since Black Friday solidified in the last week. Thirty-one percent of jewelers said the 2019 holiday season so far had been a better than expected and a further six percent said it had been flat-out “terrific.” Thirty-three percent said it had been in line with their forecasts but those expectations had been noticeably bullish

Extracted from:

1.http://www.idexonline.com/FullArticle?Id=45448

2.https://jewishnews.timesofisrael.com/worlds-most-valuable-dreidel-certified-by-guinness-world-records/

3.https://www.charlestoncitypaper.com/CultureShock/archives/2019/12/24/the-gibbes-presents-micromosaic-jewelry-exhibition-this-january

4.https://www.fool.com/investing/2019/12/27/tiffanys-holiday-results-show-a-us-growth-rebound.aspx

5.https://instoremag.com/jewelers-prepare-to-close-a-strong-holiday-season/

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Due to the Chinese New Year Holiday, orders after 14th January will be shipped out on 2nd February. We are sorry for any inconvenience caused.

Weekly Top 5 News In The Jewelry Industry – Dec.23.2019

  1. Officers from the Society of Chief Officers of Trading Standards in Scotland (SCOTSS) undertook a spot check on 1553 pieces of jewellery in 20 local authority areas. A total of 247 – 16 per cent – were not hallmarked or had an incorrect hallmark, while some instances of counterfeit copies of designer branded jewellery items, bearing names including Tiffany and Louis Vuitton, were also found.
  2. MCM makes a move into jewellery for its Spring/Summer 2020 collection. German luxury fashion house MCM has partnered with renowned British jewellery designer Tateossian to debut its redefined jewellery line
  3. American jewellery brand Tiffany & Co did not receive any other “credible” bids during the month when LVMH engaged in a public proposal to take over the business, reveals the proxy statement the company it filed with the Securities and Exchange Commission earlier this week.
  4. Signet Jewelers Ltd. (SIG) beat analysts’ earnings estimates for the eighth consecutive quarter on Dec. 5. The stock popped on the report, and if gains hold, the daily chart could soon confirm a “golden cross” formation. The stock traded as high as $22.33 on Dec. 13 and then opened Monday below a weekly risky level at $20.95.
  5. On Dec 12 fashion magazine Bazaar Jewelry opened an exhibition displaying works of outstanding designers from home and abroad in Beijing. With the theme of ‘Neo-Chinese Style’, the exhibition aims to present traditional Chinese culture and highlight the role jewelry plays in a chic lifestyle.

Extracted from:

  1. https://www.scotsman.com/news/people/trading-standards-uncovers-fake-designer-jewellery-as-one-in-five-pieces-not-properly-hallmarked-1-5065015
  2. https://www.lifestyleasia.com/sg/style/jewellery/mcm-makes-a-move-into-jewellery-for-its-spring-summer-2020-collection/
  3. https://www.professionaljeweller.com/tiffany-co-struggled-to-find-other-credible-takeover-bids/
  4. https://www.investopedia.com/signet-jewelers-remains-too-cheap-to-ignore-4779016diamond-jewellery-to-all-major-us-retail-outlets/
  5. http://www.china.org.cn/arts/2019-12/19/content_75528352.htm

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Weekly Top 5 News In The Jewelry Industry – Dec.16.2019

1. At a prehistoric archaeological site in Turkey, researchers found two 8500 year old human teeth that were used as pendants for necklaces or bracelets

2. Turkey’s jewelry exports climbed by 37 percent on an annual basis to $378 million in November, according to data from the Jewelry Exporters’ Association.

3. As Swarovski approaches its 125th anniversary in 2020, the goal of this Austrian brand is to reduce packaging by 80 percent by the end of its anniversary year.

4. Signet, the jewelry giant, has introduced laboratory grown diamond jewelry to all of its major U.S. retail stores. In May, James Allen, an e-retailer that signet bought in 2017, became the first signet to offer laboratory grown diamonds.

5. Expert events, the organizer of IJWF, has acquired Sydney’s September gift show and will host both events in 2020. Gift Fair, previously sponsored by Reed Exhibitions Australia, has been renamed spring Gift & Lifestyle Fair. It will be held simultaneously with IJWF in the adjacent space of the International Convention Center (ICC) in Darling Harbor, Sydney, from September 12 to 14, 2020.

Extracted from:

1.https://scitechdaily.com/8500-year-old-human-teeth-used-as-jewelry-discovered-at-prehistoric-archaeological-site/

2.http://www.hurriyetdailynews.com/jewelry-exports-hit-378-mln-149736

3.https://www.forbes.com/sites/kyleroderick/2019/12/09/125-years-of-sparkling-innovation—as-crystal-poweredswarovski-heads-toward-125th-anniversary-its-jewelry-and-watch-collections-are-burnished-by-the-brands-environmental-responsibility/#972ed0f4f00d

4.https://www.professionaljeweller.com/signet-introduces-lab-grown-diamond-jewellery-to-all-major-us-retail-outlets/

5.https://www.jewellermagazine.com/Article/8653/Sydney-jewellery-fair-to-be-held-alongside-gift-show

Weekly Top 5 News In The Jewelry Industry – Dec.9.2019

1. Bangkok Gems & Jewelry Fair to Be Back in February 2020. The fair will be holed from February 25-29, 2020 in Bangkok, Thailand.

2. Taiwan premier jewellery international exhibition, Taiwan Jewellery & Gem Fair 2019, has concluded on 18th November at Taipei World Trade Center, Hall 1. The trade show attracted 7,516 visits from 33 regions and countries.

3. Jewellery & Watch reveals themes and speakers for 2020. Visitors to Jewellery & Watch will have access to three theatre and workshop spaces in 2020.

4. The Hong Kong Trade Development Council (HKTDC), the organiser of the twin Hong Kong Jewellery Shows taking place in March, have made moves to reassure buyers that Hong Kong is “open for business” despite the recent spell of political unrest in the region.

5. Luxury jeweler Tiffany & Co which is being bought by Louis Vuitton owner LVMH, missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong.

Extracted from:

1.https://instoremag.com/bangkok-gems-jewelry-fair-to-be-back-in-february-2020/

2.https://www.prnewswire.com/news-releases/shopping-spree-hit-20-million-at-taiwan-jewellery–gem-fair-2019-300969786.html

3.https://www.professionaljeweller.com/jewellery-watch-reveals-themes-and-speakers-for-2020/

4.https://www.retail-jeweller.com/events/hktdc-makes-moves-to-reassure-buyers-ahead-of-hong-kong-jewellery-shows-in-march/7038644.article

5.https://uk.reuters.com/article/us-tiffany-results/tiffany-misses-estimates-for-profit-on-weak-demand-in-americas-hong-kong-idUKKBN1Y91BX