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5 Jewelry News Stories You Shouldn’t Miss
There were positive results all around: for jewelry and watch spending in the U.S. and for sales at both Tiffany & Co. and Signet.
Tiffany & Co. said its new marketing initiative, which included painting much of New York City in its signature color, was well-received by consumers in its latest financial results.
New York—Here are five jewelry new stories from the week of Aug. 27 that you definitely shouldn’t miss.
1. US Jewelry, Watch Spending Climbed 5% in 2017, BEA Says
The U.S. Bureau of Economic Analysis reports that Americans spent nearly $77 billion on jewelry and watches in 2017, an increase of 5 percent over 2016.
2. Tiffany’s Sales in the Americas Are Up 8% So Far This Year
After reporting better-than-expected second quarter and first half results, Tiffany’s turnaround plan seems to be working.
3. Olympic Gold Medalist’s Jewels Headed to Auction
Katherine Domyan swam for Hungary in the 1956 Olympics before defecting and seeking asylum in the United States.
4. Leaving a (Gem) Legacy in East Africa
Gemstone faceter Roger Dery and his family have launched a nonprofit to support the communities where gems are mined.
5. Signet Opening James Allen Concept Store in DC
The store, which is set to open before the holiday season and will be more high-tech than the jeweler’s other stores, is a first for James Allen.
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