Page 15 - Irectory News Today

Michael Hill International has confirmed job cuts and store closures after a sharp decline in first-half earnings.

Sales for Hong Kong retailer Luk Fook significantly increased in the third quarter off the back of improving tourism and the popularity of gold jewellery.

Michael Hill International has paid tribute to iconic Australian rock band INXS by releasing a new silver jewellery collection.

Retailer Watches of Switzerland has lowered its full-year forecast, citing an adverse market for luxury timepieces.

The 70th-anniversary celebration of the Italian jewellery fair Vicenzaoro January has been overshadowed by violent clashes between protestors and police.

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Earlier this month, Australasia’s largest jewellery industry buying group, Nationwide Jewellers, announced plans for an educational trip to the US. Nearly every booking was sold within hours.

Jewellery was the top-performing division of Swiss luxury goods company Richemont in the past quarter off the back of increasing demand in Asia and the US.

In the past month, it was revealed that the Jewellers Association of Australia (JAA) may have breached government reporting regulations following an amendment of its Constitution.

A military vehicle collector who discovered gold bars worth millions of dollars hidden inside a tank has expressed his regret over his decision to notify authorities of the once-in-a-lifetime find.