Market & Industry
Essential briefings on the global jewelry business. Covers metal and gem price fluctuations, lab-grown tech breakthroughs, and major corporate mergers or acquisitions.
Universal News
145 entries-
Tucson Shows Highlight Economic Headwinds, Shifting Gemstone and Diamond Markets
Experts at Tucson Gem Shows discuss the impact of tariffs, economic uncertainty, and evolving consumer preferences on the jewelry industry.
2026-02-16
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Dr. George Rossman, Influential Mineralogist and GIA Governor, Dies at 81
Dr. George Rossman, a renowned mineralogist, former GIA Governor, and educator, passed away at 81, leaving a significant legacy in gemology and mineral science.
2026-02-16
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Butterfield Jewelers Closes After 97 Years, Ending Three Generations of Family Legacy
Butterfield Jewelers in Albuquerque, New Mexico, is closing its doors after 97 years in business, with the third generation retiring and no fourth generation to continue the family legacy.
2026-02-12
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Saks Global Initiates Major Store Closures Amid Bankruptcy Restructuring
Saks Global is closing numerous Saks Fifth Avenue and Neiman Marcus stores, alongside outlet locations and styling suites, as part of its Chapter 11 bankruptcy plan.
2026-02-11
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Francesca's Files for Bankruptcy for Second Time, Cites Macroeconomic Factors and Data Breach
Francesca's has filed for Chapter 11 bankruptcy protection for the second time in six years, announcing plans to close all of its approximately 400 stores nationwide.
2026-02-10
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Kering Charts Transformation Amidst 13% Sales Decline in 2025
Kering announces strategic reset and roadmap for growth following a 13% revenue drop in 2025, with Gucci sales declining significantly while jewelry brands show strength.
2026-02-09
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US and India Finalize Trade Deal Framework, Offering Relief to Diamond Industry
The United States and India are nearing a final trade agreement, which includes significant tariff reductions on diamonds and gemstones, a move welcomed by the jewelry industry.
2026-02-08
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Florida Man Sentenced for Decade-Long Scheme Selling Fake Native American Jewelry
A Florida man has been sentenced to probation and fined for selling imported jewelry as authentic Native American crafts for over a decade.
2026-02-05
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De Beers Cuts 2026 Production Forecast Amid Sluggish Demand, Anglo American Considers Third Writedown
De Beers Group faces a challenging market, lowering its 2026 production guidance and prompting parent company Anglo American to consider a third significant writedown.
2026-02-04
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Watches of Switzerland Reports Strong Q3, Raises Full-Year Guidance Amidst Robust Demand
Watches of Switzerland Group saw strong Q3 results driven by high demand, particularly in the U.S., prompting an increase in full-year sales forecasts.
2026-02-04
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Saks Global Bankruptcy Leaves Vendors Questioning Payments, Future
Saks Global's Chapter 11 bankruptcy filing leaves many vendors, including luxury jewelry and beauty brands, facing uncertainty regarding unpaid invoices and future business.
2026-02-03
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US and India Forge Trade Agreement, Offering Relief to Jewelry Sector
A new trade agreement between the US and India promises to lower tariffs on Indian goods, significantly impacting the diamond and gemstone jewelry industry.
2026-02-02
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Nivoda Launches Revamped B2B Gemstone Marketplace with Enhanced Features and Education
Nivoda unveils a significantly upgraded B2B gemstone marketplace, featuring faster navigation, an expanded selection, and the new educational Gem Club.
2026-02-02
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IGI Acquires AGL for $13.2 Million, Expanding Colored Gemstone Expertise
The International Gemological Institute (IGI) has acquired American Gemological Laboratories (AGL) for $13.2 million, aiming to enhance its colored gemstone services globally.
2026-02-01
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Ylang 23 Recovers After Brazen $500,000 Burglary
Ylang 23, a family-owned Dallas jeweler, is rebuilding after a swift, destructive burglary resulted in $500,000 in losses.
2026-02-01
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YouGov Reveals Top 50 Global and U.S. Brands for 2026
YouGov's 2026 Best Brand Rankings highlight the world's strongest brands, with tech giants and everyday staples dominating.
2026-01-29
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Arch Crown Launches 2026 Tag & Label Catalog with Enhanced Security and Barcode Solutions
Arch Crown unveils its 2026 Tag & Label catalog, featuring over 100 styles of tags, labels, and advanced barcode technology, including tamper-resistant options for e-commerce.
2026-01-29
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Generational Wealth Transfer: Guiding the Next Wave of Business Leaders
Experts share insights on preparing the next generation for family business succession, emphasizing individual strengths and robust planning.
2026-01-27
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US Consumer Confidence Plummets to 12-Year Low in January
US consumer confidence fell to its lowest point since May 2014 in January, surpassing pandemic lows amid deepening concerns over the economy.
2026-01-27
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GemGuide Launches Pricing for Montana Sapphires Amid Growing Demand
GemGuide introduces new pricing charts for Montana sapphires, reflecting the gem's increasing popularity and market presence.
2026-01-26