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There is a $300 billion personal luxury goods market and it all comes from only 10 companies, designers, or brands. This includes accessories, fragrances, cosmetics, any personal luxury items. LVMH, Estee Lauder, Richemont, Kering, Luxottica Group, Chanel, L’Oreal Luxe, Swatch Group, Chow Tai Fook Jewellery, and PVH Corp, in that order, took the top spots,…
Yesterday, U.S. State Department officials delivered a blunt message to industry groups and companies at a meeting in New York City: Jewelry businesses must know and declare where all their materials originate from or they will be subject to new regulations. The jewelry industry has already been told about this, but apparently someone was not…
National Geographic Museum in Washington D.C. has a newly opened Queens of Egypt Tour. Of course, there was also a jewelry component to the show. Ancient Egyptians took their adornments seriously—chiefly as protective talismans and displays of social status. And the seven ancient queens profiled in the exhibit (including Nefertiti, Nefertari, Hatshepsut, and Cleopatra) ruled Egypt…
Jeff Bezos declared in his report to shareholders that sellers made up 58 percent of the sales on Amazon. That sounds good except Amazon makes 50 cents off every dollar spent online. eBay goes home with six cents for every dollar. There are a lot of buyers who credit Amazon with the money they have…
Okavango, the Botswana government-owned diamond seller that markets 15 percent of the country’s diamond production, has unveiled a 20.46 ct. blue stone, which it calls the largest blue diamond ever discovered in the country’s mines. The brilliant oval stone, christened the Okavango Blue, comes from a piece of 41.11 ct. rough originally discovered at the Orapa mine. The…
A jewelry exhibition in NY of course, at Aaron Faber Gallery. It is themed around blue gemstones and 21 individual artists. When it comes to blue gemstones, there are quite a few and its all about personal preference. This show should please all blue gemstone lovers. Articles courtesy Amy Elliott, JCK magazine. The stones that…
As e-commerce climbs to a 25 percent of the retail market by 2026, it is expected that there will be 75,000 more store closings. Of that there are 21,000 clothing stores, 10,000 consumer electronics, 8,000 home furnishing stores, and 1,000 home improvement stores. For every 1% increase by e-commerce, means a store closing of 8,000…
A poll of retailers and suppliers decided that it was time to target a younger audience to boost their interest in jewelry. This is a fairly large segment of potential jewelry customers. The campaign will focus on women in their 30’s who already have an affinity for jewelry and women in their 20’s who are…
Store closings are a bit alarming, especially a store that has been around for quite awhile. We remember going to that store and how well it did and how much we loved shopping there and now it is closing, for good. Bob Phibbs, CEO with a New York-based consultancy firm, The Retail Doctor went shopping.…
Teens spend $2600.00 a year on food and clothes. Luluemon, Amazon, and Ulta are the favorites for shopping and Chipotle and Chick-fil-A are favored places to eat. 8,000 teenagers were asked where they shop and like to eat and these were the favored places. The average age was 16 and 54 percent male and 46…