World Jewelry News Bytes - Tuesday November 13th

Renowned Jewelry House Tiffany & Co. Expands to Eyewear
Tiffany & Co. has been the jewelry house of choice for engagement rings and diamonds for almost 170 years now, and beginning this holiday season, they're expanding into eyewear. Whether you're looking for a posh pair of prescription specs or some shades, you'll be able to get them both at Tiffany's.

U.K.- Based Jewelry Retailer Signet Group 'BBB-/A-3' Ratings Withdrawn At Company Request
Standard & Poor's Ratings Services said today it withdrew its 'BBB-' long-term and 'A-3' short-term corporate credit ratings on U.K.-based specialty jewelry retailer Signet Group PLC at the company's request.

Macy's October same-store sales down 1.5 percent
Same-store sales at Macy's Inc. decreased 1.5 percent for the four weeks ended Nov. 3, and total sales decreased 0.5 percent to $1.853 billion compared with $1.862 billion for the same period last year, the company recently announced.

Strong attendance, sales at Miami Beach Show
DMG World Media, organizers of the Miami Beach Antique Jewelry and Watch Show, have reported strong attendance and exhibitor sales for the show's latest edition, held at the end of October. "The dealers were very happy with the foot traffic that visited their booths and with the number of individuals who purchased both large- and small-ticket items from them"

Gold – back from the brink?
In an article a couple of weeks ago, I warned that any signs of dollar strength could lead to a setback in the rise in the gold price, but when it happened it was much steeper than I would have anticipated. I also warned of increased volatility as prices rise. That has certainly been seen in the markets.

Bidz.com 3rd-Quarter Profit More Than Triples on Jewelry Sales, Beats Wall Street Estimates
Online jewelry auctioneer Bidz.com Inc. on Monday said its third-quarter earnings more than tripled as increased revenue easily outpaced an uptick in expenses. The company reported net income of $3.6 million, or 14 cents per share, compared with $1 million, or 4 cents per share, last year.

Liz Taylor Makes Rare Appearance for Launch of Jewelry Line
She seldom ventures out of seclusion, but when she does, it’s a major event.  Such was the case as Elizabeth Taylor, even at the age of 75 and confined to a wheelchair, sparked a vintage flashbulb firestorm in Beverly Hills over the weekend.

For Chopard, It's A Bigger Jewel Box
Just in time for holiday shopping, Chopard is reopening its doors on Madison Avenue. Known for watches and fine jewelry, the Swiss brand also creates leather goods, silk scarves, fragrances, and writing instruments.







 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Enter the above security code (required)

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.