France and Botswana Ink Declaration to Use ‘Diamond’ Only for Natural
Paris Peace Forum meeting also touches on responsible sourcing, workers’ rights, and respect for local communities.
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Overall outlay for the holiday will come to some $33.5 billion, according to the NRF.
New purchase will allow company to offer a broader selection of goods to its customers.
Segment, which includes Tiffany and Bulgari, down 5% year on year in first quarter.
Wage gains and easing inflation spur 0.7% increase.
Revenue up 12% in fourth quarter.
Some 178 companies exited the sector compared with 133 a year ago.
Plain gold and studded items saw double-digit rises.
Revenue from jewelry down 3.6% year on year.
The aging of the industry, the difficulties of owning a store these days and the lack of new blood are contributing to a systemic decline of independent retail jewelry stores.
Business will begin testing the strategy in India.
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