Gold demand pushes past $100B mark in '08
New York--Sustained investor interest in gold over the course of 2008, combined with the dismal state of the global stock markets, helped push dollar demand for gold to $102 billion, a 29 percent...
Gold buying parties all the rage in tough economy
New York--Tough economic times, in combination with high metal prices, have people nationwide gathering in groups to sell their old gold jewelry, according to various news sources.
Gold jewelry demand expected to decline
New York--Consumers' desire to purchase gold jewelry will remain "weak" in 2009, and the metal's price again is expected to top $1,000 per ounce, a report released Tuesday detailing the gold market...
Prices, economy, to drain gold jewelry demand
Historically high gold prices and increased volatility in the market coupled with the economic downturn will have a dramatic impact on global gold jewelry demand in 2009, according to precious-metals...
Wobbly market drives record Q3 gold demand
London--As Lehman Brothers collapsed and bank fears grew in recent months, investors worldwide seeking safe havens turned to gold, with dollar demand for the metal reaching all-time records in the...
Tiffany moderating, but not stopping, growth in '09
New York--Iconic jeweler Tiffany and Co. plans to open 13 stores this year despite bleary economic conditions, its latest filing with the Securities and Exchange Commission (SEC) shows.
Bidz.com battles shareholders in class-action suit
Los Angeles--Online jewelry retailer Bidz.com Inc. and its Chairman and Chief Executive Officer David Zinberg are locked in a legal battle with shareholders, who claim that the company was "knowingly...
Jewelers Mutual CIO Matthies honored by JBT
Neenah, Wisc.--Jewelers Mutual Insurance Co. Chief Information Officer Joel Matthies was honored recently for his long-standing commitment to the Jewelers Board of Trade (JBT) and is now a member of...
Swatch Group up for 2008, despite slow holiday
The Swatch Group reported that its 2008 sales were up for the year, with watch and jewelry sales increasing 6.6 percent, but a slowdown over the holiday season noticeably impacted the Swiss watch...
Former Jewelry Television executive sues company
Knoxville, Tenn.--A former Jewelry Television executive who was among a group of staffers laid off last May is suing the company for age discrimination, alleging that he was axed because he had cancer...
Study: October online spending slowest on record
Online spending in October 2008 increased by only 1 percent over October 2007, the lowest monthly growth rate since ComScore began tracking e-commerce in 2001.
Tiffany looks to reduce staff through retirement plan
New York--Luxury retail jeweler Tiffany and Co., which recently announced a drop in sales for the third quarter, is now making plans to adjust its staffing levels in the United States.
November retail sales see record fall
U.S. chain store sales fell a record 2.7 percent in November, compared with the same period last year, according to the latest study from the International Council of Shopping Centers.
Industry vet creates business-valuation practice
Richmond, Va.--Industry veteran Daniel Pharr has announced the establishment of a new business-valuation practice aimed at family-owned and closely held businesses operating in the jewelry industry.
Be prepared for the economic upturn
Now is a good time for jewelers to start thinking about the future--how to recover from this depressing recession as quickly as possible and how to adapt to the changes that are sure to alter the...