TOP STORIES
Tiffany Q4 Sales Down 20%
Tiffany & Co. said Monday that net sales in the fourth quarter declined 20 percent year-over-year to $841.2 million. » » »
Life for Man in Mich. Jewelry Store Slayings
One of two brothers convicted of killing two persons during the robbery of a Grand Haven, Mich., jewelry store has been given a mandatory life prison sentence, The Associated Press reports. » » »
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Bulgari CFO Resigns
The Bulgari Group said that Alberto Nathansohn, chief financial officer since May 2006, will leave his position to seize new professional opportunities. » » »
Report: Gold Jewelry Demand Continues to Fall
Fabrication demand for gold in 2008—which consists mostly of jewelry as well as electronics, dental, medical, and other uses—declined to 77.4 million ounces from 82.9 million ounces in 2007, according to a report on the precious metal released Tuesday. This year total demand is projected to fall further, to 71.3 million ounces. » » »
Dubai Pearl Tender Raises More Than $1 Million
The recent tender by the Dubai Pearl Exchange generated sales of more than $1 million wholesale value, with some single pieces achieving over $50,000 per piece, according to the Dubai Multi Commodities Centre. » » »
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MORE INDUSTRY NEWS
Seven Exhibitors Join Prime Jewelry Group
The Prime Jewelry Group said that seven new supplier firms have joined the group and will be exhibiting in the organization’s 2009 buying events. The new firms are Bergio, De Hago, Frederic Sage, Jenny Perl, Leslie’s, Sethi Couture/Manak, and Philip Andre. » » »
Mid-South Jewelry & Accessories Fair
The Mid-South Jewelry & Accessories Fair celebrates its 19th anniversary at the Memphis Cook Convention Center, April 25-27. » » »
Christie’s Auction to Feature an Elephant
Christie’s New York Jewels Sale on April 22 will offer a selection of diamonds, colored gems, and signed jewels including antique, Belle Époque, art nouveau, retro, and contemporary creations. Five jewels created by JAR are among the highlights of the sale, according to the international auction house. » » »
Thai Jewelry Industry Receives Liquidity Boost
The Thai Department of Export Promotion, Ministry of Commerce, has provided financial support to the country’s jewelry industry. » » »
JVC, JBT, Memo Seminar at Instore Show
The Jewelers Vigilance Committee and The Jewelers Board of Trade will present “The Basics of Memo Transaction – The Dos and Don’t’s of Trading on Memo” at The Instore Show, Navy Piers, Chicago, April 20 at 8:30 a.m. » » »
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Rapaport Presentation and Fair Trade Event
Martin Rapaport will present, “New Realities in the Diamond Industry,” which will address the impact of the global economic crisis on the diamond and jewelry trade at BASELWORLD. » » »
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