As U.S. business slips, India's eyes wander
Mumbai, India--Amid the hustle and bustle of the India International Jewellery Show (IIJS) this summer, one thing was clear: Other countries are learning to live without the U.S. demand for diamonds.
NRF to Congress: Round 2 of economic stimulus needed
Washington—The National Retail Federation (NRF) is calling on Congress to hold a lame-duck session as soon as possible to address the country's financial state and to include tax relief for...
NRF to Congress: Round 2 of economic stimulus needed
Washington--The National Retail Federation (NRF) is calling on Congress to hold a lame-duck session as soon as possible to address the country's financial state and to include tax relief for consumers...
NRF lobbies for second round of rebate checks
Washington—With the weakest holiday season in six years looming, the National Retail Federation (NRF) has asked Congress to consider a second round of tax rebate checks, or other direct relief,...
NRF calls on Congress to stimulate economy
New York—The National Retail Federation (NRF) board of directors is calling on Congress and President Bush to enact economic-stimulus legislation that would put dollars back in consumers'...
Blue Nile 3Q sales dip 2.9 percent
Seattle--Net sales at jewelry e-tailer Blue Nile decreased 2.9 percent to $65.4 million for the third quarter ended Sept. 28, compared with $67.4 million for the same period last year, the company...
Blue Nile 3Q sales dip 2.9 percent
Seattle—Net sales at jewelry e-tailer Blue Nile decreased 2.9 percent to $65.4 million for the third quarter ended Sept. 28, compared with $67.4 million for the same period last year, the...
Senate approves economic-stimulus bill
Washington, D.C.—The National Retail Federation (NRF) welcomed Senate approval of economic-stimulus legislation that would boost consumer spending by providing taxpayers with rebate checks.
Retailers welcome economic-stimulus legislation
Washington, D.C.—The National Retail Federation (NRF) welcomed an agreement on economic-stimulus legislation reached yesterday between the Bush Administration and House leaders.
Motiganz debuts Botswana-made diamonds in U.S.
New York--Motiganz Diamond Group, a Diamond Trading Co. (DTC) sightholder, announced on Thursday that it has begun selling diamonds sourced, cut and polished in Botswana to U.S. retailers.
Motiganz debuts Botswana-made diamonds in U.S.
New York—Motiganz Diamond Group, a Diamond Trading Co. (DTC) sightholder, announced on Thursday that it has begun selling diamonds sourced, cut and polished in Botswana to U.S. retailers.
Study: Consumer spending lowest since 2001
New York—With house prices falling nearly 12 percent in March and unemployment claims increasing 9.8 percent in the same period, consumer spending has reached its lowest level since 2001,...
Study: Consumer spending perks up in June
New York—Tax rebate checks coupled with a decrease in the tax burden and a lower decline in real wages has put a break this month on the freefall in consumer spending seen since October 2007,...
Is e-commerce more resilient than other channels?
Las Vegas—Despite a struggling economy throughout most of this year, 72 percent of e-tailers believe the online channel is better suited to withstand an economic slowdown than offline channels.
Swiss shows thrive as industry adapts to economy
Basel, Switzerland—America's economy may be in a lull, and the price of precious metals may hover at historic highs, but watch brands still drew in record-breaking crowds at the Swiss shows in...
Eight-Figure Independents 2008
National Jeweler's Eight-Figure Independents 2008 list of independent jewelers doing $10 million or more in sales has gotten bigger this year. Who are these jewelers and how are they managing to...
Analysis: How will the economy impact jewelry?
I've been trying to get a handle on the economy. Once I finally got hold of it, I tried to forecast the short-term direction of the jewelry industry. Quite a task.
Study: Consumer Spending Index turns negative
New York--Substantial increases in unemployment claims and a continued weakness in the housing market in October caused the Deloitte Research Leading Index of Consumer Spending to produce a negative...
Study: Consumer spending slides in July
New York—After a slight uptick last month, consumer spending fell again in July, continuing the decline seen since October 2007, according to the Deloitte Research Leading Index of Consumer...
Survey: Consumer spending drops in January
New York—Falling home prices and lower hourly earnings have caused a fourth consecutive drop in consumer spending since September 2007, according to the Deloitte Research Leading Index of...