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Week in Photos--November 30, 2014
The week began with reports that the fine jewelry industry seems to have gotten the holiday season off to a strong start, with a number of retailers saying that they had unusually strong Black Friday weekends and five online-only retailers reporting an increase in sales on Cyber Monday.
Though it can get lost in the shuffle of the big-box frenzy of Black Friday, fine jewelry seems to be off to a strong start this holiday season. Many of the independent retailers that National Jeweler talked to reported strong sales and traffic in stores over the weekend, and all five of the online-only retailers that were interviewed saw an increase in sales on Cyber Monday. Read more here and here.
The week began with reports that the fine jewelry industry seems to have gotten the holiday season off to a strong start, with a number of retailers saying that they had unusually strong Black Friday weekends and five online-only retailers reporting an increase in sales on Cyber Monday.
Meanwhile, Gemfields unveiled a 40-carat ruby uncovered from its Montepuez mine in Mozambique, Hearts of Fire entered mainland China with a new store, and Pantone announced which hue won the title of the 2015 Color of the Year.
See the week in rewind in this photo slideshow.
Though it can get lost in the shuffle of the big-box frenzy of Black Friday, fine jewelry seems to be off to a strong start this holiday season. Many of the independent retailers that National Jeweler talked to reported strong sales and traffic in stores over the weekend, and all five of the online-only retailers that were interviewed saw an increase in sales on Cyber Monday. Read more here and here.
The Diamond Empowerment Fund launched a new consumer-facing website designed to tell the stories of the good that diamond and jewelry companies do around the world. The site currently highlights a number of projects from Jewelers for Children, De Beers, and Rio Tinto, among others, and will add more in 2015. Read more here.
Gemfields discovered a 40.23-carat ruby at its Montepuez ruby deposit in Mozambique, which is comparable to finding a 100-carat diamond or more, one gem expert told National Jeweler. The stone has been appraised by the Gübelin Gem Lab in Switzerland ahead of the miner’s ruby auction held in Singapore this month. Read more here.
Hearts on Fire will enter the Chinese market for the first time when it opens a new store in Shanghai this month. The brand said it is tapping into the market’s growing demand for gem-set jewelry with the new location, and will soon expand to other parts of the country. Read more here.
Pandora has been fined 2 million Danish krone (about $333,000) by a Danish court for waiting too long to let its investors know that it anticipated a drop in revenue concerning a forecast it gave in 2011, which the court said breached the Securities Trading Act. Pandora announced Wednesday that it would appeal the decision. Read more here.
On Thursday, the Pantone Institute named “Marsala” as its 2015 Color of the Year, replacing last year’s “Radiant Orchid.” The robust and earthy wine red “embodies the satisfying richness of a fulfilling meal,” Pantone said. Read more here.
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