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March 2, 2009
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TOP STORIESExclusive: Tiffany to Close Iridesse
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Zale Sales Down 17.9% Frank Dallahan Resigns from AGS Labs Gucci Sells Bedat & Co. to LuxuryConcepts From Our BlogsCutting Remarks by Rob Bates Diamond Shavings: Your Friday Web Roundup So are things getting somewhat, maybe, possibly a little better? I’ve heard t... Read On » Style 360 by Jennifer Heebner JCK Product Debut Exclusive! Golden Gown Earrings—Precious Garments for Your Lobes You can pretty much pierce every part of the ear, from the fleshy lobe to the... Read On » Jewels on Jewels by Cynthia Sliwa Jewelry at the 2009 Academy Awards – Part 2: Necklaces & More My last post focused on earrings at this year’s Oscars, both the noteworthy and... Read On » JCK Voices by Hedda Schupak World Pearl Forum Pictures As promised, here are some images from the last week's World Pearl Forum in Dubai! ... Read On » MORE INDUSTRY NEWSSuper Bell CEO Forms Global Jewelry Coalition Fortunoff Liquidation Begins JA Says Recovery Act Will Help Jewelers IJO Predicts Record Attendance at Tampa Show Banda Elected DDC President Gemfields Unveils its Zambian Emeralds New U.S. Company Distributes Five Swiss Watch Brands Consumer Confidence Index Plummets in February Westwood to Create Amber Jewelry at Amberif Merit Reaches Agreement in Copyright Suit DIC Hosts Star Studded Pre-Oscar Dinner Report: Cartier Sues QVC over Watch Design Passion Award Call for Entries Stuller Releases Tools Book JVC, JBT to Present Memo Seminar at MJSA Expo |
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Tiffany & Co. plans to close Iridesse, the pearl-only chain it launched in 2004. 
Finlay Enterprises, Inc. announced its strategic plan to exit its leased department store business over the near-term and will focus solely on its specialty jewelry stores business going forward. 
Jewelry retailer Zale Corp. reported Wednesday that revenues for the second quarter of fiscal 2009 declined 17.9 percent year-over-year to $679 million and same-store sales for the period decreased 18.1 percent. The company also unveiled the second phase of a cost savings and inventory reduction plan that it says will result in an additional $140 million in savings. 
AGS Laboratories announced Friday that Frank Dallahan, its president and chief executive officer since 2007, has resigned. 
Swiss luxury watchmaker Bedat & Co. has been sold by the Gucci Group to Luxury Concepts Watches & Jewelry. 
Lo Huang, Super Bell Jewelry chief executive officer, said he has formed a coalition manufacturers, distributors, designers, and global consumer brands to create a new supply chain, called La Vie Premium. Jewelry categories will include diamonds, gold, platinum, silver, colored gemstones, and watches. 
Jewelry and home furnishings retailer Fortunoff Holdings LLC, which has been in operation for more than 87 years, will conduct a court-ordered bankruptcy liquidation sale beginning Sept. 26, according to a statement issued by The Gordon Co., one of a group of seven liquidation companies that won an auction to manage the liquidation. 
Jewelers of America said Wednesday that it welcomes passage of “The American Recovery and Reinvestment Act of 2009," which includes “much-needed small business provisions that will benefit the jewelry industry, as well as tax relief designed to get consumers spending again.” 
The Independent Jewelers Organization is reporting record-breaking participation at the upcoming IJO Show in Tampa, March 7–11. Representatives from more than 625 stores, or 82 percent of its members, are attending the Tampa show, a new record. 
The New York Diamond Dealers Club announced that Jacob Banda was re-elected president. The results of the election followed a political firestorm that included a court challenge of election results. 
Gemfields Resources unveiled its Zambian emeralds in Mumbai as part of its international mine-to-market strategy that the mining company has been working on for more than a year. 
Win With Watches, Inc., headed by U.S. watch industry veteran Robert Siragusa, is the new U.S. watch distributor of five Swiss-made watch brands. 
The Conference Board Consumer Confidence Index, which had decreased moderately in January, declined in February, reaching yet another all-time low. The Index now stands at 25 (1985=100), down from 37.4 in January. 
Jewelry designer Barbara Westwood will be the special guest at Amberif 2009, the 16th International Fair of Amber Jewellery and Gemstones, to be held March 11-14. 
Merit Diamond Corp. said it has reached a final agreement in its copyright lawsuit against Samuels Jewelers, Inc. and Rogers, Ltd., Inc. 
Actress Julianne Moore and Sally Morrison, director of the Diamond Information Center, hosted a private pre-Oscar dinner in Los Angeles on Feb. 21 to celebrate the role of diamonds in Africa. Former president of Botswana Festus G. Mogae was the guest of honor. 
Cartier has accused QVC Inc. of selling watches that infringe on several of the French jeweler’s designs, Women’s Wear Daily reports. 
The fifth annual Bench Jewelers Passion Award Design Competition will be held in conjunction with the Bench Jewelers Conference April 23 – 25, in St. Louis. The Deadline for Entries is March 20. 
Stuller, Inc. has released the Tools Book, Vol. 73, for jewelry making and repair supplies. 
The Jewelers Vigilance Committee and The Jewelers Board of Trade will present “The Basics of Memo Transaction – The Dos and Don’ts of Trading on Memo” at the MJSA Expo, Jacob Javits Convention Center, New York City, at 3:45 p.m. The seminar will take place in the presentation area at the rear of Hall C. 
