A roundup of JCK’s top stories from the past week.
Jewelers Report Mixed Black Friday
Overall, jewelers reported mixed results on Black Friday—but remain optimistic for the upcoming holiday.
Cutting Remarks: The Incredible Shrinking Jewelry Industry
The number of recent acquisitions points to a pretty stark fact: This industry is getting smaller.
Longtime David Yurman Execs Leave Company
Two longtime top David Yurman executives, chief operating officer David Minster and chief financial officer Scott Vogel, have left the company.
Rare 3 Carat Red Diamond Highlights Upcoming Christie’s Auction
An ultra-rare 3.15 ct. red diamond will highlight Christie’s upcoming Magnificent Jewels Auction, which will be held in New York City on Dec. 7.
Time Life Owner Buys Bankrupt Cash4Gold
The company behind Time Life music and DVDs hopes to revive Cash4Gold, the gold-buying site once famed for its ubiquitous commercials.
Gemvara CEO Matt Lauzon Steps Down
Matt Lauzon, the Boston entrepreneur who founded jewelry e-tailer Gemvara while in his 20s, has stepped down as CEO.
Shaquille O’Neal Surprises Shoppers at Zales
On Nov. 26, basketball legend Shaquille O’Neal surprised holiday shoppers at Zales’ flagship Fifth Avenue location in New York City by working behind the counter.
Tiffany Signs Deal With Russian Diamond Miner, Joins Tumblr
Yet another big retailer is now getting more of its diamonds straight from the source.
Gemstone Authority Richard Krementz Jr. Dies
Renowned colored gemstone dealer and jewelry manufacturer Richard Krementz Jr. died of cancer on Nov. 21 at age 86.
Tiffany Sales Rise, Profits Sink
Follow JCK on Instagram: @jckmagazineTiffany & Co.’s sales climbed during its third quarter, but profits for the period fell a steep 30 percent.
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