Market Developments
Trent West, Penney's settle tungsten carbide suitA federal court in Texas has dismissed tungsten carbide ring king Trent West's patent infringement lawsuit against J.C. Penney Co. in a case that lawyers say provides the department store with unfettered access to a popular sector of the men's wedding band market. Read More Sears, Ultra, Blue Nile to avoid 'dirty' goldSears Holdings (parent company of Sears and Kmart), Ultra Stores and Blue Nile announced today their decision to shun irresponsible gold mining and seek cleaner sources of gold and precious metals. Read More Birks and Mayors to distribute Damiani brandsDamiani S.p.A. has announced a distribution agreement with Birks and Mayors Inc., by which the luxury goods retailer will distribute the Damiani Group's brands in North America. Read More Longtime Zale buyer Jeffry Martin dies at 62Clearwater, Fla.--Jeffry Alan Martin, who spent nearly 20 years of his career as a merchandise manager at Zale Corp., died last week surrounded by loved ones. He was 62. Read More 
Gravure Commitment loses family memberMontreal--The families of Gravure Commitment and Atlantic Engraving, announced "with deep regret and tremendous sadness," the death of Deborah Neuwirth on Oct. 13. She was 41. Read More 
Tiffany leads industry in boycotting Pebble MineNew York--When Tiffany and Co. Chairman and Chief Executive Officer Michael Kowalski headed into the Alaskan wilderness to go fly fishing in Bristol Bay, wild salmon swam free, brown bears frolicked in streams and the hot new "Tiffany Keys" collection seemed a million miles away. Read More 
CASA/GAL honors Sterling exec Bill MontaltoAkron, Ohio--The Court Appointed Special Advocate/Guardian Ad Litem (CASA/GAL) program has honored Sterling executive Bill Montalto with the 2009 William P. Kannel Child Advocate of the Year Award. Read More Finlay VP Magrini resignsNew York--Joyce Manning Magrini has resigned from her position as executive vice president of administration for Finlay Enterprises Inc. and Finlay Fine Jewelry Corp., a filing with the Securities and Exchange Commission (SEC) shows. Read More Jewelry Television employs viewing-metrics firmPortland, Ore.--Rentrak Corp., a company that specializes in multi-screen media measurement for the entertainment and advertising industries, has announced an agreement with Jewelry Television. Read More Finlay CEO Reiner resignsNew York--Finlay Enterprises Inc. Chief Executive Officer Arthur E. Reiner has resigned, a Sept. 30 filing with the Securities and Exchange Commission (SEC) shows. Read More Bon-Ton assuming control of fine-jewelry depts.York, Pa.--The Bon-Ton Stores Inc. announced this week that it is taking control of its fine-jewelry departments once operated by Finlay Fine Jewelry Corp. Read More 
Report: Fortunoff to open six furniture storesNew York--A Houston-based outdoor-furniture retailer has formed an alliance with a member of the Fortunoff family and two former company executives to bring back the brand's outdoor-furniture stores, Newsday reports. Read More 
Sterling suit moves toward class-action statusNew York--A federal judge has upheld an arbitrator's ruling that could clear the way for a group of women who filed a sex discrimination lawsuit against Sterling Jewelers in March 2008 to pursue class-action status, a Sterling spokesman confirmed to National Jeweler. Read More Bidz.com acquires Whitehall IPCulver City, Calif.--Bidz.com announced on Wednesday that is has acquired the intellectual property of defunct Whitehall Jewelers, which was auctioned off on Tuesday in the offices of a New York law firm. Read More 
Jewelry.com, Macy's collection toasts NYC iconsNew York--Just in time for the upcoming Fashion Night Out in Manhattan on Sept. 10, Jewelry.com and Macy's are releasing a 50-piece "Manhattan" collection inspired by New York City icons ranging from the swirling rotunda of the Guggenheim Museum to the kaleidoscopic color of Times Square to the urban grid of city fire escapes. Read More J.C. Penney launches Weekly Deals iPhone appPlano, Texas--Advancing its "Know Before You Go" initiative, J.C. Penney Co. Inc. has launched "JCPenney Weekly Deals," an iPhone application that brings the retailer's style and prices directly to consumers' fingertips, whenever and wherever they need it. Read More 
Sterling settles Jane Seymour copyright suitSterling Jewelers has settled a copyright lawsuit with India-based manufacturer GoldStar Jewellery in which the retailer claimed the jewelry-maker intentionally copied two necklaces from its popular "Open Hearts by Jane Seymour" jewelry line. Read More Bulgari closes three stores, looks to new marketsNew York--Bulgari has shuttered three U.S. stores, including a prime location on Madison Avenue in Manhattan, but it is opening another three locations in the United States by the end of the year, a Bulgari spokesperson has confirmed. Read More Sielaff talks jewelry in Fox Business segmentNew York--With Tiffany and Co. just reporting its latest financials, and with Zale Corp. poised to do so on Wednesday, a Fox Business news segment this morning focused on the two as "business rivals" for consumer dollars in what has unquestionably been a tough year for jewelry. Read More 
ShopNBC debuts platinum, cubic zirconia lineMinneapolis, Minn.--In the high-end jewelry world, platinum and diamonds are a familiar duo, but platinum set with cubic zirconia? Not so much. Read More Sears launches holiday-savings cardNew York--To get shoppers to save money now to spend during the upcoming holiday season, Sears Holdings Corp. has launched a savings card reminiscent of an old-fashioned Christmas club account, according to the Hoffman Estates, Ill.-based retailer. Read More Reports: J.C. Penney stung by jewelry heistsTwo men made off with $1.5 million worth of jewelry and other merchandise from a Louisiana J.C. Penney store earlier this week, the latest in a string of Mission: Impossible-like robberies at the department store chain. Read More Friedman's, Crescent names up for saleLa Jolla, Calif.--The names Friedman's Jewelers and Crescent Jewelers, which once adorned a chain of hundreds of jewelry stores nationwide, are now up for sale, according to a release from the company heading up the sale. Read More Macy's turns to stars in fall effortMacy's has teamed up with Feeding America to launch a celebrity-studded fall campaign that links the eat-at-home trend with hunger relief. Read More Hot 100 list names two jewelers that grew in ‘08Washington--In a year when jewelry retailers have struggled to make sales, Finlay Enterprises’ specialty jewelry chains and Amazon.com both managed to secure spots on Stores magazine's latest list of fast-growing retailers. Read More |
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