Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

U.S. Jewelry Store Sales Slide

26 september 2016
U.S. specialty jewelry store sales fell in July in line with declines reported by the major U.S. jewelers during the second quarter.
Sales fell 2.2 percent to $2.1 billion across outlets selling only jewelry and watch products during the month, according to the U.S. Census Bureau. The data does not include sales at department store chains and other multi-product outlets.
Signet Jewelers reported that same-store sales at its Sterling division, the country’s largest specialty jeweler which includes Kay and Jared stores, fell 3.1 percent in the fiscal quarter that ended July 31. Zale U.S. Jewelry, which is also part of Signet, saw same-store sales decline 2.2 percent. Tiffany & Co reported a 9 percent drop in its comparable store sales in the Americas region during the quarter.
Market conditions have been challenging particularly in the energy-dependent regions, explained Mark Light, Signet’s CEO in the company’s earnings call with analysts. He also pointed to the UK’s decision to leave the European Union and the U.S. presidential campaign affecting the mindset of people in Middle America this year.