Jewelry-specific search engine making headway in market

17 Aug, 2011
Jewelers of America, the national trade association for businesses serving the fine jewelry retail market in the United States, has announced that it now features  the jewelry-specific search engine Verichannel  on its homepage. The Verichannel’s... read more
 

Following plummet in second quarter revenues, jewelry website receives delisting warning from NASDAQ

16 Aug, 2011
Online jewelry retailer Bidz.com has reported a 22.1 percent fall in revenues for the quarter ended June 30, following an 11.7 percent decline in the first quarter of 2011. The company also reported that it has been warned that it no longer met the... read more
 

Bankrupt diamond company files petition to sell assets

15 Aug, 2011
The U.S. Bankruptcy Court for the Southern District of New York has heard a request submitted on behalf of Dia Deb International, a New York-headquartered diamond company that was forced into Chapter 7 in July, that it approve the sale of certain of ... read more
 

Zales to partner with top fashion designer in diamond bridal jewelry collection

14 Aug, 2011
The Zale Corporation and renowned fashion designer Vera Wang have announced a partnership to launch a new, exclusive collection of diamond bridal jewelry. Called "Vera Wang LOVE" and will offer a variety of diamond engagement rings, matching wedding ... read more
 

As investors hoard diamonds and gold, demand for safes on the rise

14 Aug, 2011
With the financial markets in turmoil and private investors looking to shore up savings in gold, diamonds and jewelry, safe manufacturers and distributors are reported a sharp increase in business. "People are just plain scared," said Nancy Bryan,... read more
 

National Retail Federation reports increased consumer purchases in July

14 Aug, 2011
U.S. consumers appeared to buck the mood on Wall Street suggested the National Retail Federation, which has reported that retail industry sales in July increased 0.3 percent seasonally adjusted from the previous month and 4.0percent unadjusted... read more
 

United States imports $11.3 billion worth of polished during first half of 2011

12 Aug, 2011
Imports of polished diamonds into the United States totaled $11.3 billion during the first six months of 2011, while $9.4 billion worth of rough were exported, according to data published by the Rapaport news services. The resulted in a net import... read more
 

Martin Rapaport announces plans to introduce daily diamond price index

11 Aug, 2011
Speaking to Mumbai to members of the Indian diamond sector, Rapaport Group Chairman Martin Rapaport has announced plans to introduce an online diamond price index that can be used by the financial sector to monitor the price of diamonds. Called... read more
 

New York fashion house unveils $1 million gem-set perfume bottle

11 Aug, 2011
Fashion house DKNY has announced the creation of a DKNY Golden Delicious bottle of perfume, made of gold and set with diamonds and colored gemstones that have been arranged to display the New York skyline. The bottle will be sold to benefit Action... read more
 

In the wake of recent developments, Consumer Reports Index falls to lowest level since December 2009

10 Aug, 2011
The acrimonious debate in Congress about the debt ceiling and the lowering of the United States’ debt rating appears to be having a dampening effect on ordinary Americans.  The Consumer Reports Index, a measure of overall consumer sentiment, has... read more
 
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