Latest Retail

Jewelry Takes Back Seat as US Holiday Spending Slows

Consumer sentiment down amid rough economy, tough job market and tariffs.

Sales solid in first half, particularly in US, which has increased inventories.

Retailer now expects net revenue of $21.15 billion to $21.45 billion.

Differentiation is the name of the game for America’s biggest diamond retailer.

Revenue up 3% year on year in second quarter.

Industry consultant Pranay Narvekar explains the impact of consumer demand on the rough and polished trade.

Government’s efforts to boost tourism and hold promotional events helped buoy figures.

Despite 2% drop in total sales, margins went up 73% to $115.4 million in first half.

Executive will step down at end of month after 13 years heading the Canadian jeweler.

Group sales for July and August up 3% year on year.

Paris Peace Forum meeting also touches on responsible sourcing, workers’ rights, and respect for local communities.