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Southern Jewelry News and Mid-America Jewelry News are trade publications for the jewelry industry targeted on the independent jeweler. Through month-to-month print editions, on-line, e-newsletters, social media and breaking news alerts, necessary industry news is frequently delivered to business professionals. In depth features on successful retailers and suppliers, the newest developments, merchandise and innovations, common columns from gross sales and advertising consultants, and industry events are just some of the news delivered to our readers. Our aim is to inform, educate and entertain with data to help in the success of the unbiased jeweler.

On a Like-By-Like foundation, by 2020 that number had declined by 118 stores to 859, representing a 12 per cent reduction in total retailer count. When lab-created diamonds first entered the jewellery category, debate raged over the impression they might have on the pure class. The decision to concurrently publicise the phasing out of natural diamond jewellery – which made up a tiny fraction of its general production – was calculated to take benefit of rising shopper sentiment for sustainable and ethical products. The affordability of lab-created diamonds has made them accessible to new shoppers – a development most evident within the fancy colour diamond house the place extremely rare and precious pinks and blues are beyond the financial means of most shoppers. “However, there’s currently a definite shift as customers have gotten more educated about the lab-creation course of and the equivalent properties of diamonds and lab-grown diamonds, while the worth has reduced and now plateaued.”

Gold Tax Reduction Spurs Titan Gross Sales

Rapper 50 Cent demanded no much less than $5 million from a jewelry maker exploiting his name and likeness on rip-off necklaces to “lure” consumers into buying its jewelry, based on a federal lawsuit. Fully restocking the jewelry room might take years for One World Bazaar, Anneka Bakker says, although the store has already been in touch with suppliers who can ship items instantly. Jewellery retailer Malabar Gold & Diamonds has strengthened its international footprint with the launch of a store each in Kuwait and UAE. The retailer launches are a part of the company’s bold enlargement plan of…

De Beers Prepares For Next Part Of G7 Diamond Import Necessities

Most importantly, there’s a push to ensure transparency out there, broad client alternative, and awareness of the place a diamond is from and the environmental influence,” she explains. The following month, NAD acted upon a grievance by Diamond Foundry against the NDC over claims that pure mined diamonds produce “three times much less carbon emissions” than lab-created diamonds. “NAD decided that Diamond Foundry should, in preserving with the Federal Trade Commission Jewelry Guides, make an efficient disclosure that its diamonds are man-made. NAD further found that, in preserving with the FTC Jewelry Guides and the FTC Dot Com Disclosure publication, the advertiser should distinguish its [lab-grown diamonds] from mined diamonds,” a NAD statement read.

However, it remains the company’s largest shareholder, proudly owning 38 per cent of the corporate. At the time, 60 per cent of its stores were in Australia and greater than eighty per cent of MHI’s income and earnings were generated outside of New Zealand. However, even the buy-back program was saddled with strict conditions, together with that retailers can be charged a handling payment.

Chopard has magically reworked Sydney’s State Theatre into a mesmerising canvas, hosting an unforgettable night dedicated to the Seven Arts. Amidst enchanting lights, harp melodies, and models gracing the staircase in Caroline Scheufele’s Couture Collection, Chopard unveiled 76 dazzling Haute Joaillerie masterpieces. The grand reveal on stage, an unique dinner by Chef Guillaume Brahimi, and a captivating dance efficiency added aptitude to the night. As Chopard’s High Jewellery beckons, the enchantment extends with non-public appointments all through December 2023, ensuring an intimate exploration of luxury and artistry. MHI also skilled encouraging leads to Canada, the place all-store revenue increased by 6.9 per cent to $CA118.four million, up from $CA110.8 million the earlier year. Currently, forty six NSW, 34 Victorian and four ACT stores are quickly closed because of government-mandated lockdowns.

In 2010, and after a three-year absence from the industry as a result of a non-compete clause in the sale of Diva to BB Retail Capital, Colette Hayman launched a model new fashion jewellery and equipment retailer, eponymously named Colette Accessories. Arabella Roden is the editor of Jeweller and writes in-depth options on the jewellery business. She has ten years media expertise throughout Australia and the UK as journalist and sub-editor. “Recently, there have been essential rulings in North America to extend readability within the advertising of mined diamonds.

Across the three days, guests and suppliers visited the exhibition to look at the replica creations of 38 iconic diamonds from historical past. Onlookers had been enthralled by every jeweller’s method whereas fighting towards a deadline displayed on an ominous red timer. We’ve carried out business with them for many years and know them well,” Maunder added. “We’ve spoken with a diverse vary of individuals, from these looking Jewelery News at new methods to enhance their enterprise with data evaluation, business consulting, and different opportunities to these on the different finish of the spectrum who’re fighting change,” he mentioned. When embracing new innovative methods for enhancing revenue, Van Megen mentioned it was a combined bag, referencing Jeweller’s latest research into digital marketing.