10 Most Popular Jewelry News Stories: Week of Jan. 28



A roundup of JCK’s top stories from the past week: 

“World’s Largest Emerald” May Not Be All Emerald

Doubts are arising about the so-called “world’s largest emerald,” with the gemologist who examined it saying he can’t guarantee the stone is 100 percent emerald.

Gilt, Rue La La Experience Big Layoffs

Two major flash sale sites, which sell brand name products—including jewelry—for a limited time at steep discounts, each initiated dramatic layoffs in January.

Suspect Arrested in Connecticut Jeweler Murder Case

A male suspect was arrested Jan. 23 in Spain in connection with the murder of a Westport, Conn., jeweler on Dec. 8.

Suspect in Jeweler’s Murder Kills Self

Andrew Robert Levene, who was arrested on Jan. 23 for the murder of Connecticut jeweler Yekutiel Zeevi, has reportedly killed himself.

PBS Forced to Pull Downton Abbey Jewelry From Site

It sounded like a great fundraising idea for PBS—jewelry inspired by its hit show Downton Abbey.

Survey: Young Consumers Still Favor Brick-and-Mortar Stores

More than 68 percent of 18–25-year-olds prefer to shop in stores rather than online for apparel and shoes, according to a new survey by a group of LIM College students in conjunction with the National Retail Federation Student Association.      

Berkshire Hathaway and…James Avery?

How much does Berkshire Hathaway love the jewelry business? Given all its acquisitions, quite a bit apparently.

J.C. Penney Says Goodbye to Constant Sales

J.C. Penney CEO Ron Johnson unveiled a new plan for the department store chain that will slash the amount of sales it runs from 590 to 12.

Hudson’s Bay Company Acquires Lord & Taylor

Hudson’s Bay Company completed its acquisition of Lord & Taylor Holdings.

Bridal: Internet Diamonds Meet Brick-and-Mortar Mountings

In a recent Facebook discussion, ¬jewelers weighed in on a delicate situation: What to do when a customer brings in a diamond bought off the Internet? Store owners from the East Coast and Midwest grumbled about the trend, calling it “tacky,” among other things.