GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

Zale Corp to close 118 underperforming stores by July 31

07 august 2009

Zale Corp, one of the largest jewelry retailers in the United States will close down 118 underperforming stores in the quarter ended July 31 while recording a $50 million pretax charge, the firm said, Antwerpfacetsonline reported.
The store closings bring to 191 the number closed this year this year as buyers have cut spending on jewelry in the face of the toughest recession since the 1930s.
The recession has taken a toll on jewelry retailers, including Fortunoff Holdings LLC and Whitehall Jewelers Holdings Inc. Meanwhile, Finlay Enterprises filed for Chapter 11 bankruptcy protection in New York on Wednesday.
Zale said in a statement that the $50 million pretax charge would include $23 million to pay lease guarantees on Bailey, Banks & Biddle stores. Zale sold the chain to Finlay Enterprises two years ago.
The retailer said it had $33 million remaining in potential rent obligations for other Bailey, Banks & Biddle leases as of July 31.
Zale operates more than 1,930 stores in North American under names including Zales Jewelers and Piercing Pagoda.