One year ago, Tiffany announced that its U.S. same-store sales fell by 31 percent in the April 2009 quarter. Many people wondered if this might mark the end of the jewelry business, at least as we had known it for decades.
View full post on MINING.com News
Logic would suggest that jewelers should target the market with the highest per-household spending on jewelry. If they followed that rule, they would miss out of some huge markets.
View full post on MINING.com News
The number of U.S. jewelers with a website continues to rise modestly, but those who can actually sell product remains stubbornly low. In contrast, internet usage by U.S. shoppers – especially those who are most likely to buy diamonds and jewelry – continues to increase significantly.
View full post on MINING.com News
Driven by rising gold, platinum, and silver prices, jewelry producer prices rose by a double-digit level in April, as measured by the Jewelry Producer Price Index (JPPI).
View full post on MINING.com News
Tiffany & Co. is one of the most admired merchants in the jewelry industry, and it has earned that reputation rightfully. Not only has it shown the exceptional power of a store brand, but its financial results illustrate that retail specialty jewelers can operate profitably, even in a recessionary environment.
View full post on MINING.com News
American consumers continued to loosen their purse strings in February, and jewelry demand strengthened. This is a continuation of the healthy spending trend which began during the 2009 holiday selling season. February is important for jewelers, since Valentine’s Day, the second largest selling event of the year, occurs during the month.
View full post on MINING.com News
Total sales for Borsheim’s, Helzberg and Ben Bridge, Berkshire Hathaway’s three retail jewelry holdings, fell by 12 percent in 2009 versus the prior year, according to a filing with the Securities & Exchange Commission.
View full post on MINING.com News
The number of specialty jewelers in America declined by about 1.5 percent between March 2009 and March 2010. This rate dropped from the 1.9 percent total loss in jewelers during 2009. Both of these percentages represent comparable annual rates of decline.
View full post on MINING.com News
While a good management information system can provide detailed data about a jeweler’s sales by retail selling price, the segmentation of this data is arguably arbitrary.
View full post on MINING.com News
Despite an expectation for stability in the March-June period, rough diamond prices continued to edge up in March and early April. Premiums for the Diamond Trading Company’s (DTC) goods rose, even though the DTC pricelist remained unchanged. Worse, the market is starting to believe that the DTC will soon raise its prices.
View full post on MINING.com News