The results of the Jewelers of America (JA) 2010 Cost of Doing Business Report are not h? Bsch, but they are not surprising, since the economy: retail jewelry sales in 2009 declined for the third consecutive year, the report says, ver? Published made available exclusively .?????????? National Jeweler MINING.com News
A band of masked gunmen descended on gold shops in Baghdad in broad daylight on Tuesday, killing 15 people before fleeing with a large quantity of gold, the Associated Press reports.
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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.
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“Canary” radiant and icy white emerald cuts
Global polished diamond prices rose 2.3 percent in February 2010, according to the IDEX Online Polished Diamond Price Index. This is the third consecutive month that polished diamond prices have risen, after languishing for most of 2009.
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While the good news is that jewelry price inflation moderated at both the producer and retail level in January, the bad news is that margins continue to be squeezed tighter throughout the jewelry supply chain.
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Three of the U.S.’s leading department store chains – Neiman Marcus, Saks and JCPenny – posted their January sales results Thursday. While the results reflected varying outcomes for the three chains, one area was unanimously high: jewelry.
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The Gemological Institute of America (GIA) reported that a counterfeit GIA report found in Hong Kong has been tracked back to Antwerp, the institute revealed on Wednesday. GIA said it is diligently working behind the scenes to gather more information about the report and its origin.
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HRD Antwerp is extending its Jewellery Report services to clients outside the European Union (EU) and are now available world wide, the grading firm announced Friday.
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A 71-year-old man working in a jewelry store on Manhattan’s upscale Madison Avenue was shot to death in a brazen midday robbery, and police were still seeking the killer Wednesday afternoon, according to news reports.
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