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Jewelry Prices
U.S. Jewelry Store Sales Slide
U.S. specialty jewelry store sales fell in July in line with declines reported by the major U.S. jewelers during the second quarter. Sales fell 2.2 percent to $2.1 billion across outlets selling only jewelry...
Retail Sep 22, 2016 Rapaport News
Tiffany Blue Box
Consumers Show Tiffany Some Love Online
Tiffany & Co was adjudged the “most loved” among 60retail brands that have a presence on social media, according to a report by analyticscompany NetBase.The report was based on more than 430 million posts onsocial media platforms...
Retail Sep 19, 2016 Rapaport News
Frederic Cumenal Tiffany
Tiffany Outlines Sustainability Goals
Tiffany & Co. illuminated every new store opened in 2015with energy-efficient LED lighting and appointed its first chief sustainabilityofficer, the jeweler said in its sustainability report.The retailer hired Anisa Kamadoli Costa last...
Retail Aug 03, 2016 Rapaport News
Joan Rivers Spike dog bowl
Joan Rivers Collection Garners $2M
A Tiffany & Co. dog bowl owned by late entertainer Joan Rivers fetched$13,750 at an auction of her collection of jewelry and other items last week.The silver vessel, engraved with the name “Spike,” her most famouspooch,...
Retail Jun 26, 2016 Rapaport News
Frederic Cumenal Tiffany
Tiffany Cuts Earnings Forecast as 1Q Sales Fall
Tiffany & Co. reported a drop in quarterly revenue andprofit, while lowering its earnings guidance, because of a decline in spendingby U.S. customers and foreign tourists. Sales fell 7.4 percent to $891.3 million and profitslumped 17 percent...
Retail May 26, 2016 Rapaport News
tiffany store
Tiffany Springs Surprise as CFO to Depart
Tiffany & Co.’s chief financial officer Ralph Nicoletti hasresigned after a two-year stint to join consumer goods company Newell Brands.Nicoletti, whojoined Tiffany in April 2014, notified the company of his resignation effectiveMay 20 as he has decided...
Retail May 15, 2016 Rapaport News
tiffany small
Tiffany Scoops Ex-Vogue Creative Director to Steer Ad Campaign
Tiffany & Co. unveiled a collaboration with the former modeland creative director of American Vogue magazine, Grace Coddington. The company, which announced its move through a cartoonanimation on its social media pages, appointedCoddington as its...
Retail May 03, 2016 Rapaport News
China luxury Shoppers
Making Luxury More Affordable in China
Diamond dealers still see China as the engine of industry growth but Premier Xi Jinping’s government can do more to encourage its development. As the country transitions to a consumer-driven economy, luxury products such as jewelry are considered expensive...
Retail Apr 27, 2016 Avi Krawitz
tiffany store
Tiffany’s 2015 Sales -3% on Strong Dollar
Tiffany & Co. missed its own revenue forecast in 2015 asa strong dollar affected translation of non-U.S. sales into the greenback andhit foreign tourist spending in American markets. Macro-economic “challengesand uncertainties” also had...
Retail Mar 20, 2016 Rapaport News
Elephant, animal
Signet, Tiffany among Members of New U.S. Wildlife Trafficking Alliance
Signet Jewelers and Tiffany & Co. are among jewelryindustry players committing to help stop wildlife trafficking activities in theU.S. through a new agreement among corporations in the country.Berkshire Hathawaycompanies Richline Group and Rio Grande...
Retail Mar 07, 2016 Rapaport News
Tiffany Logo
Tiffany’s Holiday Sales -6% on Strong Dollar, Lower Tourist Spending
Tiffany & Co. reported global sales in thetwo months to December 31 dropped 6 percent year on year to $961 million as astronger U.S. dollar coupled with weaker tourist spending hit revenue. Thejeweler cut its guidance for...
Retail Jan 19, 2016 Rapaport News
tiffany small
Tiffany Highlights Artisans in Ad Campaign for 130 Years of Iconic Ring
Tiffany & Co. is focusing on the artisans behind its classic diamondengagement ring in a year-long advertising campaign to mark the 130thanniversary of the iconic jewelry piece.Single anddouble-page spreads headlined with the phrase “I WILL” are followed...
Marketing Jan 19, 2016 Rapaport News
Diamond Loup
A 2015 Year in Review
Rapaport’s widely read Rapaport Weekly Market Comment is a carefully considered statement reflecting the Rapaport Group’s view on the market and important trends influencing the diamond trade during the previous week. The following...
Polished Markets Dec 24, 2015 Rapaport News
Polished Diamonds
Polished Diamond Prices Soften in October
PRESS RELEASE, November 3, 2015, New York … Polished diamond prices fell in October despite rising expectations for the U.S. holiday season. Trading improved but turnover is well below last year’s levels. Suppliers are...
Polished Markets Nov 03, 2015 Rapaport
Tiffany Logo
Tiffany Eyes Better In-Store Experience and Global Footage Increase
Tiffany & Co. wants to enhance its customers’ in-store experience by improving client service and increasing store space by 2-3 percent per year, a senior executive of the luxury jeweler told a recent investor conference in New...
Retail Sep 20, 2015 Rapaport News
Polished Diamonds
Diamond Prices Pressured by Financial Market Slump
PRESS RELEASE, September 8, 2015, New York … Diamond prices softened in August and sentiment weakened as the slump in financial markets is expected to reduce discretionary spending. Dealer trading was quiet with Belgium closed for vacation...
Polished Markets Sep 09, 2015 Rapaport News
Tiffany Blue Box
Tiffany to Get Costco's Earnings From Fake Rings
Tiffany & Co. is entitled to Costco Wholesale Corp.’s earnings from the sale of fake Tiffany engagement rings, a federal judge ruled Tuesday. The luxury jeweler is also entitled to punitive damages under New York state...
Retail Sep 09, 2015 Rapaport News
tiffany store
Tiffany 2Q Sales Flat as Profit Falls 16%
Tiffany & Co. today said second quarter sales were flat at $991 million versus the comparable period last year, according to a company press release. Profit was down 16 percent to $105 million. Comp store...
Retail Aug 27, 2015 Rapaport News
Neil Reiff
Op-Ed: Insanity of the Diamond Industry
Veteran Philadelphia, Pennsylvania jeweler Neil Reiff last month published the following commentary on LinkedIn. With “Insanity of the Diamond Industry”, the president of N.D. Reiff Company Ltd. raises a number of compelling concerns and questions...
Polished Markets Aug 12, 2015 Neil Reiff
tiffany store
Former Tiffany CEO and Descendant Dies at 91
Henry B. Platt, the 91-year-old former chairman and CEO of Tiffany & Co. died on July 22 at his home in Palm Beach, Florida, the New York Times reported last week. Platt was the last descendant...
Retail Aug 02, 2015 Rapaport News
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