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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
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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
Las Vegas Strip
Dealing with Vegas
Expectations are rising for next week’s Las Vegas shows. The various diamond and jewelry trade events that take place each year toward the end of May tend to signal the mood of the...
Polished Markets May 22, 2015 Avi Krawitz
Rough and Loupe`
Who’s Buying the Rough?
Much has been said about unsustainable rough diamond prices in the past year. The lack of profitability in the diamond manufacturing sector has caused manufacturers to significantly scale down their operations and rough purchases...
Rough Markets May 08, 2015 Avi Krawitz
tiffany store
U.S. Jewelry & Watch Sales -2%
U.S. jewelry and watch sales across all channels fell 1.7 percent year on year to $5.386 billion in March, as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales dropped 1.5 percent...
Research Apr 30, 2015 Jeff Miller
JCDecaux Unveils Tiffany & Co.'s Digital Clock Tower at LAX
Outdoor advertising agency JCDecaux S.A. unveiled the latest Tiffany & Co. campaign for men's watches at the Los Angeles International Airport (LAX) Tom Bradley International Terminal and it will be the exclusive digital...
Marketing Apr 13, 2015 Jeff Miller
tiffany store
Tiffany & Co.'s Christmas Season Sales -1%
Tiffany & Co. reported that revenue fell 1 percent year on year to $1.02 billion for two-month Christmas season that ended on December 31. Comparable-store sales were flat.Michael J. Kowalski, the chairman and CEO, said,...
Financial-Legal Jan 12, 2015 Jeff Miller
Gay couple from 'Will You?' ad campaign
New Tiffany Ad Campaign Features Gay Couple
Tiffany & Co. has included a photo that features a same-sex couple in a new advertising campaign, marking a first for the brand. The ad campaign, which was launched last week in the U.S., is comprised of seven photographs...
Retail Jan 12, 2015 Ronen Shnidman
Polished Diamonds
Polished Diamond Prices Continue to Decline in August
PRESS RELEASE, September 8, 2014, New York ... Polished diamond prices declined in August as trading slowed and liquidity tightened in the manufacturing centers. Buyers avoided making large inventory purchases in advance of the September Hong...
Polished Markets Sep 08, 2014 Rapaport
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Tiffany Appoints Jill Beraud as a New Executive Vice President
Tiffany & Co. named Jill Beraud as an executive vice president, effective October 13, to lead global retail operations, including all sales channels in every region, as well as oversight of strategic store development and real estate.Michael...
Retail Sep 04, 2014 Jeff Miller
tiffany store
Tiffany & Co.'s Sales +7%, Profit +16% to $124M
Tiffany & Co. reported that revenue rose 7.2 percent year on year to $992.93 million in the second fiscal quarter that ended on July 31. Same-store sales increased 3 percent. The jeweler held cost of sales...
Financial-Legal Aug 27, 2014 Jeff Miller
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Kowalski to Retire in 1Q, Tiffany Appoints Cumenal as Next CEO
Michael J. Kowalski, the CEO of Tiffany & Co., intends to retire on March 31, 2015. Kowalski, who has been a member of the company's board since 1995, will continue to serve as a non-executive chairman. The board has...
Retail Jul 21, 2014 Jeff Miller
tiffany diamond
Tiffany & Co.'s 1Q Sales +13%, Profit +50% to $126M
Tiffany & Co. reported that sales increased 13 percent year on year to $1.012 billion for the first quarter that ended on April 30. The retailer's cost of sales rose 7.7 percent to $422.6 million and...
Financial-Legal May 21, 2014 Jeff Miller
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Analysts View Chinese Demand as Strong Opportunity for Tiffany
Tiffany & Co. will benefit from China's increasing demand for jewelry coupled with the country's low rate of diamond penetration, especially as marriage rates increase, according to Sterne Agee analysts Ike Boruchow and...
Research Apr 18, 2014 Jeff Miller
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Tiffany & Co. Names Nicoletti as CFO
Tiffany & Co. named Ralph Nicoletti as its new executive vice president and chief financial officer (CFO) effective April 2, 2014. He will join the jeweler from CIGNA, where he was an executive vice president...
Retail Mar 19, 2014 Jeff Miller
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