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...

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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 Stores Sales Flat in August

24 october 2012

U.S. jewelry store sales were basically flat in August 2012 at $2.188 billion, according to the government's latest monthly retail trade report, cited by Rapaport. Despite a meager sales increase of only $5 million, however, at least jewelry price inflation for August fell 1.4 percent year on year. Jewelry store sales for the first eight months of 2012 have risen 3.8 percent to $17.597 billion, while the average consumer price index (CPI) for jewelry is running about 2 percent.
Looking at the broader retail environment, the U.S. reported that department store sales for the month of September declined 1.5 percent year on year to $13.521 billion. However, total retail and food sales in September rose 5.4 percent to $412.9 billion.  Retail trade sales rose 5.3 percent year on year in September. Nonstore retailers experienced a sales increase of 15 percent and auto sales rose 9.3 percent, providing a strong boost to retail sales during the month, according to the government.
In its own monthly analysis, the National Retail Federation (NRF), determined that retail sales - excluding automobiles, gas stations and restaurants - increased and 2.1 percent unadjusted year-on-year.
“In spite of the uncertainty and unease surrounding our nation’s high unemployment and long-term fiscal challenges, consumers continue to spend and shop,” said NRF's president Matthew Shay. “Robust back-to-school spending combined with a series of new, technology-led product launches certainly helped retailers in September. The American consumer is holding their own in this economic environment but the question remains, for how long?”
NRF's chief economist, Jack Kleinhenz,  said, “While the latest retail sales data indicates continued improvement for the economy, increasing gas prices and the looming fiscal cliff still pose serious challenges to the momentum we’ve seen in consumer spending.”
The NRF reported that sales for clothing and clothing accessories, electronics and appliance stores, and furniture and home furnishing stores all increased by low single-digits in September. General merchandise stores’ sales, however, decreased 1.2 percent and health and personal care stores’ sales decreased 2 percent.