A roundup of JCK’s top stories from the past week:
Poll: Gold Price Won’t See Big Increases
The price of gold will still rise this year, but not as much analysts originally projected, according to a Reuters poll of metal investors.
Signet Laying Off Up to 99
Signet Jewelers is laying off up to 99 employees at its United Kingdom headquarters, according to a report in the Birmingham Mail.
Zale Achieves “Milestone” With New Financing
Zale Corp. has secured what executives termed a “milestone” new financing arrangement, which replaces its 2010 deal with Golden Gate Capital that analysts said had saddled it with costly fees and interest.
JCK Las Vegas 2012: Best in Show
They came, they saw, they bought. Our wrap-up of the best and the brightest jewels and news JCK Las Vegas 2012 had to offer.
Jewelry Crime Rose in First Six Months of Year
Jewelry crime rose in the first six months of 2012, the Jewelers Security Alliance reported.
Jewelry Exchange Owner Acquiring Interest in Israeli Diamond Company
Goldenwest Diamond Corp., owner of the Jewelry Exchange chain, has announced that it is in negotiations to acquire an interest in Israeli diamond company EZ Diamonds.
JAR’s Ruby Brooch Raises a Stunning $4.3 Million for Charity
Cult-favorite jeweler JAR, aka Joel Arthur Rosenthal, set a new standard for pavé work with this circa 2003 floral brooch.
Cutting Remarks: Has Zale Gotten Its House in Order?
The financial markets have certainly smiled upon Zale Corp.’s new financing—its stock jumped more than 20 percent immediately after it was announced.
5 Unusual Places Diamonds Have Been Found
People have found diamonds in Africa, in Russia, even at a park in Arkansas. But every now and then the fabled gems turn up in some even exotic places.
Report: J.C. Penney Slashing Prices
The company is “making deep price cuts” to many of its everyday prices, according to a report in The Wall Street Journal.
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