10 Most Popular Jewelry News Stories: Week of July 9

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

Feds Shut Down 70 Websites Selling Counterfeits

Federal agents have seized and shut down 70 websites they claimed were illegally selling sophisticated counterfeit merchandise, including replicas of jewlery and other luxury items.

Undisclosed Synthetic Diamonds Found in Hong Kong

More undisclosed lab-grown diamonds have shown up at a lab—this time the GIA lab in Hong Kong in June.

Target, Neiman Marcus Team Up for Holiday Collection

Two well-known department stores—one considered low-end, the other considered high-end—are teaming up to offer a holiday gift collection by 24 notable designers.

Cutting Remarks: Target and Neiman Marcus Partnership Makes No Sense—and All the Sense in the World

When the duo announced they were collaborating on a holiday collection featuring 24 designers—including, quite likely, some jewelry items—analysts fell all over themselves praising the plan’s genius, despite how counterintuitive it all is.

Dealers Don’t Predict Big Diamond Price Drops

In spite of the soft diamond market, New York dealers interviewed by JCK don’t foresee big price drops, noting prices have stayed firm for desirable goods.

The Best Collections of 2012 Jewelry Week

After finally sorting through five pounds of press kits and an entire notebook of show observations, I’ve developed a short list of my personal favorites from the Las Vegas shows.

J.C. Penney Lays Off 350 at Home Office

J. C. Penney announced a third round of layoffs, with 350 people cut from its Texas home office.

California Jewelry Store Closes its Doors

Johnson Jewelers, a symbol of downtown Bellflower, Calif., has closed its doors after 58 years.

New York City Jewelers Pay Fine for Illegal Elephant Ivory Sale

Two midtown Manhattan jewelers, Raja Jewels and New York Jewelry Mart, both pleaded guilty to illegal commercialization of wildlife for selling illegal elephant ivory with a retail value of more than $2 million.

Ed Levin Jewelry Announces Change in Ownership

Peter Tonjes, CEO of Ed Levin Jewelry, purchased the company in February 2012 from its founder, Ed Levin.

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