Revenue at Titan Company increased in the third fiscal quarter as consumers purchased wedding jewelry for events that had been deferred.Jewelry sales rose nearly 15% year on year for the three months ending December 31 amid positive consumer sentiment. Shoppers also displayed an eagerness to.
RAPAPORT. Walter William Hanneman, a gemologist, author and instrument maker, died on December 12 at the age of 93, his family announced this week.
Born in 1927 in Oak Park, Illinois, he entered the world of gems and minerals thanks to his father, Walter Mooney Hanneman, an avid lapidarist. The young Hanneman taught the subject to himself, later claiming to be the “world’s foremost self-ordained gemologist.”
His formal training was in organic chemistry: He earned a PhD at the University of Nebraska-Lincoln, and worked as a research analytical chemist for major companies in the field.
He achieved recognition in the gemology world for his numerous articles and books on spectroscopy, diamond grading and garnets, including his best-known work,
RAPAPORT. The passing of Henry Verstandig, founder of Verstandig & Sons Diamonds, is a sad occasion for the diamond industry. It marks the end of a generation that formed the foundation of New York’s diamond district. Henry and his brother Willy were true diamantaires who reflected the honest values and integrity of the diamond trade. They were traditional De Beers sightholders who loved the diamond community and business.
I remember Henry and Willy in the old days when they were leaders of the industry. They were on top of the diamond world and treated everyone, including me, with kind consideration and friendly encouragement. They were keepers of 47th Street’s positive diamond culture during the good times.
RAPAPORT. LVMH has shaken up Tiffany & Co.’s senior management after the French luxury group finally completed its acquisition of the iconic US jewelry brand.Anthony Ledru, previously executive vice president for global commercial activities at Louis Vuitton, will succeed Alessandro.
RAPAPORT. Sales at Mene, an online retailer that prices its precious-metal jewelry based on weight, soared more than 60% last year as the up-and-coming company ramped up its operations.
Revenue jumped 64% to CAD 21.4 million ($16.8 million) in 2020, the Toronto, Canada-based jeweler reported Monday in a preliminary trading update. The average order value rose 63% to CAD 1,530 ($1,201), outweighing a 6% drop in total unit sales to 25,967 items.
Mene, which began selling to the public in January 2018, manufactures jewelry using 24-karat gold and platinum, offering the products to consumers on its website. Prices change frequently as the per-gram value of gold fluctuates. It also allows customers to sell or exchange their pieces at prevailing market prices.