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TOP STORIES

Zale to Close 60 Stores
Zale Corp. said Tuesday it will close 60 unprofitable stores in the next 90 days and possibly dozens more by the end of the year. » » »

Breeden Joins Zale Board
Activist investor Richard C. Breeden and a partner in his investment fund have joined Zale Corp.'s board of directors. » » »


Peltz Raises Stake in Tiffany
A group of funds led by investor Nelson Peltz has increased its stake in Tiffany & Co. to 7.9 percent, according to a Securities and Exchange Commission filing. » » »

Report: Gold Jewelry Demand to Fall 20%
Gold demand for Jewelry fabrication may fall by as much as 20 percent in the first half of 2008 primarily due to the record prices the precious metal is demanding from investors, according to a report released Thursday. » » »

Grahame Brown, Gemologist, 71
Australian gemologist Grahame Brown, editor of the journal of the Gemmological Association of Australia and author of more than 500 published gemological papers, died Jan. 15 after a long battle with cancer. He was 71. » » »

From Our Blogs

Diamond Shavings: Your Friday Web Roundup
Before I start, an interesting anecdote … All the reporters here had t...
Read On »
Zale: Breeden Gets a Voice
I wanted to lay off my obsessive coverage of the Zale/Breeden saga, but today comes...
Read On »
Walking the Floor: First. The jewellery supremacy. (Part I)
This was my first year at Vicenza and coincidentally, this was Vicenza's first year a...
Read On »
Walking the Floor: First. The jewellery supremacy. (Part II)
Start with Walking the Floor: First. The jewellery supremacy. (Part I) I was bit p...
Read On »

MORE INDUSTRY NEWS

Roger Dubuis and Former Distributor End Dispute
Swiss luxury watchmaker Roger Dubuis S.A. and its former U.S. distributor Helvetia Time Corp. (which did business as Roger Dubuis North America, Inc.,) have dropped legal actions against each other that began with a dispute in late 2005. Roger Dubuis S.A. had been without an active U.S. distributor since 2006. » » »

Unique Visits to Jewelry Web Sites Up 22%
Jewelry, luxury goods, and accessories Web sites posted a 22 percent increase in unique visitors for the month of December, when compared with the prior month, according to comScore Media Metrix, a division of ComScore, Inc. » » »

Rapaport to Publish New Price List, Index
The RapNet Diamond Trading Network has begun providing a weekly price list showing the best and average asking prices for select categories of fine quality diamonds, the Rapaport Group said Thursday. The price information will be presented as a discount or premium percentage from the standard Rapaport Price List. RapNet Asking Price Indices will also be published for D-H, IF-VS2 quality diamonds in 0.30 to 3 ct. sizes. » » »

AGTA Elects New Directors
The American Gem Trade Association announced the results of the 2008 elections for the AGTA Board of Directors. The new officers will serve three-year terms and will be introduced at the AGTA Membership Meeting on Feb. 10 in Tucson, Ariz. » » »

Diana Ross Performs for 24K Club
The Waldorf Astoria hotel in New York City played host to influential players in the fine jewelry and watch industry Jan. 12 during the annual 24 Karat Club Dinner. After visiting the pre-cocktail party suites, more than 1,300 ticket holders were graced with the presence of Diana Ross. » » »

JIC Gem Awards
More than 600 people attended the Jewelry Information Center’s sixth Annual Gem Awards on Jan 11 at Cipriani 42nd Street in New York City. This year’s honorees were: Bulgari for Corporate Communications, Excellence in Marketing; Terry Burman, Sterling Inc. for Lifetime Achievement; and Roberta Naas for Excellence in Jewelry and Watch Writing. » » »

Harry Winston Names Board Members
Harry Winston Diamond Corp. on Tuesday announced the appointments of Matthew Barrett and Micheline Bouchard to the company's board of directors. Their appointments bring the number of board members to nine. » » »
THIS MONTH’S READER POLL
How did the 2007 holiday season compare with 2006?
Sales up more than 10%
Sales up between 5% and 10%
Sales up less than 5%
Sales flat with 2006
Sales down less than 5%
Sales down more than 5%

View results from last month’s poll

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