[Gift Jewelry : Pearl Necklace, Pearl Bracelet, Pearl Ring and Pearl Earrings] 5/04/2018 03:04:00 PM

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sales in American jewelry stores showed an increase of 9.9% on a year-on-year basis, to $ 2.31 billion, Rapaport reports. In addition, the consumer price index (CPI) for jewelry in March fell by 2.9%.
Throughout the first quarter of the year, sales in jewelry stores showed good performance. According to the results of the 1st quarter, the sales growth was registered at 8.2% in the year-on-year terms to $ 6.99 billion, while the CPI in each of these months declined.
According to the latest estimate of the results of sales in American department stores, in April there was a decrease in sales by 6.9% in the year to $ 13 billion.
A recently published report by the National Retail Federation (NRF) says that improving employment and revitalizing the stock markets has ensured a growing consumer confidence that has intensified purchases.
However, as noted by NRF's leading economist Jack Kleinhenz (Jack Kleinhenz), there is no guarantee that retail sales and buying activity, observed in April, will determine the improvement in performance for the second quarter.

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Posted By Blogger to Gift Jewelry : Pearl Necklace, Pearl Bracelet, Pearl Ring and Pearl Earrings at 5/04/2018 03:04:00 PM

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The company Petra Diamonds sold an exceptionally rare blue diamond weighing 25.50 carats for $ 16,910,180, which is equivalent to $ 663,144 per carat, Rapaport reports. Diamond was extracted at the Cullinan mine in South Africa in April this year.
Petra's CEO, Johan Dippenaar, said: "We are very pleased with the successful completion of the procedures relating to the sale of the exclusive blue diamond. Bidding was very active, we received many bets and offers because of the unimaginable rarity and value of this precious stone. The results of the auctions once again underline the uniqueness of the Cullinan diamond mine as one of the most important sources of blue diamonds in the world. "

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Auction house Christie's put up for auction in Hong Kong diamond necklace, which can be sold for about $ 10 million, the portal Diamond World. The auction of "Magnificent Jewels" will be held on May 28, and one of the most valuable lots offered for sale will be a necklace with a purple-pink cut diamond "marquise" and an impeccably clean diamond with a weight of 75.36 carats of "Briolet" cut diamonds D , type IIa.
According to Diamond Intelligence, this lot can go under the hammer at a price of $ 8.5 million to $ 12.5 million, while the total revenue following the auction, which will be exhibited 290 lots, is expected at $ 74 million or more.
Among other significant lots that will be presented at the auction in Hong Kong, a ring with a natural ruby ​​oval-cut ruby ​​of 8.88 carats, which is surrounded by pear-shaped cut diamonds and a "marquis" cut, as well as a necklace with emeralds and diamonds from Boucheron. Pre-auction evaluation of these two lots is $ 2.5-3.5 million and $ 3-5 million, respectively.

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JC Penney Company Inc. reported a 16.4% drop in sales, to $ 2.64 billion, according to the results of the first financial quarter, which ended on May 4, Rapaport reports. Sales in comparable stores decreased by 16.6%. The loss of the jewelry retailer for the quarter was $ 348 million, or $ 1.58 per share, while in the same period last year the company received a net loss of $ 163 million, or $ 0.75 per share.
In the first quarter, the company launched a large-scale restructuring program, which identified costs for changes in the corporate governance system of $ 72 million.
According to the recently appointed CEO of JC Penney, Myron E. Ullman, the goal of the restructuring is to return the company to the path of progressive development and ensure profitability, and therefore spent the last few weeks on developing measures to stabilize the position of the retailer.

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The participation of the Antwerp diamond industry in the Jewelry Shanghai 2013 trade fair was indicative of the growing trade turnover between the two states, which has intensified in the last five years, the Diamond World portal reported.
In 2012, about 31.3% of Antwerp diamonds were exported to China (in 2011 this share was 29%). Antwerp's exports of rough diamonds and diamonds to the Celestial Empire jumped by 73% over the period from 2007 to 2012. In addition, imports of diamonds from China to Antwerp have increased by 70% over the past five years. At present, China is the leading diamond export destination from Antwerp.
Ari Epstein, CEO of the Antwerp World Diamond Center, said: "The Chinese market has great potential. Due to the economic development of China and Hong Kong, the demand for diamonds is growing, as evidenced by the dynamics of our trade statistics in recent years. We want to be sure that Antwerp will retain its role as the main trading partner for China and Hong Kong, so we decided to organize within the exhibition a special program aimed at strengthening ties and developing cooperation. "
From 10 to 13 May, representatives of a number of Antwerp companies visited the Shanghai Fair to participate in the four-day event, in which the Antwerp Diamond Pavilion was organized for the first time in the history of the fair, as well as meetings of diamantaires with potential Chinese buyers.