Tiffany & Co
But being next to Trump Tower has hurt traffic at its flagship, it admits
Tiffany & Co. reported a 1 percent rise in worldwide net sales for the third quarter (ended Oct. 31), ending two years of sales declines.
The company also reported a 5 percent increase in net earnings to $95 million.
All in all, though, the company admitted results were “mixed,” with comps falling 2 percent (3 percent on a constant exchange basis). Fashion jewelry saw a modest increase, the company said, but that was offset by softness in other categories.
On a conference call following the release of the results, newly appointed chief financial officer Mark Erceg said that the security, media, and protests surrounding the Trump Tower had hurt foot traffic at Tiffany’s New York City flagship.
“Given the close proximity of our Fifth Avenue flagship store to the Trump Tower, we have noted that recent election-related activity has caused minor disruptions to pedestrian foot traffic around that store,” he said. “Federal, state, and local officials, and Tiffany security personnel, are all doing a fabulous job to minimize any disruption. Given the importance of the holiday selling season to our flagship store, we remain understandably cautious on how this situation may affect sales over the current weeks.”
Tiffany “cannot provide any assurance that sales in that store will not be negatively affected by this activity in the fourth quarter or in any future period,” added a statement.
Also in that statement, CEO Frederic Cumenal said he was “encouraged” by signs of an upturn but was waiting to see more positive data.
“In this recent quarter, we saw a smaller sales decline in the U.S. from earlier this year, while Asia-Pacific results reflected strong growth in mainland China and a relatively smaller decline in Hong Kong,” he said. “Our business in Japan performed well, which we attribute to spending by domestic consumers, but we believe the strengthening of the yen has negatively impacted purchases by Chinese consumers. We also saw relative strength in U.K. sales but a continuation of softness on the European continent.”
Despite the improvement, the company is not changing its guidance, which predicts sales for fiscal 2016 will fall in the low single digits.
Resigned CEO Quercize
Editing: Dimitris Stamoulis
For “personal reasons,” resigned from his position as CEO of the firm Cartier o Stanislas de Quercize, according to a statement of the parent company Richemont. This change, however, quickly and effectively treated as the Quercize remained at headquarters role in the Richemont group, assuming the role of President of the French Richemont.
The Cyrille Vigneron, current president of LVMH Japan, who worked in the group Richemont from 1988 to 2013, mainly in the Cartier house, will replace Stanislas de Quercize from January 1, 2016.
Its formal announcement followed a series of reports which were for serious health problems facing the historical strain of Richemont by Reuters indicate that suffered from overwork.
The Richemont anointed Quercize CEO of Cartier in 2012, extracting it from the house of Van Cleef & Arpels, where performing CEO debts since 2005. In addition to Cartier, he was a high executive in various brands of Richemont, while the service was and the presidency in the United States Cartier.
In a statement to the media by the President of Richemont Group, Johann Rupert, he regretted the fact that “Stanislas decided to resign,” but stressed that “we have to accept his decision.”
De Beers has sold its oldest mine
Editing: Dimitris Stamoulis
De Beers has a few days ago signed an agreement to sell the oldest diamond mine, the historic Kimberley Mines in South Africa. The Deal was a consortium of two mining companies, for the amount of $ 7.2 million.
The new owners of Kimberley is companies Petra Diamonds Ltd. and Ekapa Mining (Pty) Ltd. which acquired the mine with the consortium that has a name Ekapa Minerals (Pty) Ltd. The Ekapa company will have slightly larger share, and acquired 50.1% of shares, while at the Petra remained 49.9%.
The agreement includes the transfer of the remains from the diamond mine and facilities of at aggregates, vehicles, processing plant, mining equipment colleagues etc. as well as the mine workers and what other assets belonging to De Beers. Notably the aggregates includes those materials which have undergone an initial separation to detect diamonds, and often during the repetition of this process, are identified and new stones which are in the first phase were not detected.
The Ekapa company will assume the address of the new Kimberley Mines joint venture as chief executive will assume the CEO and founder, Jahn Hohne, Gemologist of GIA. H Ekapa is a medium-sized mining materials processing company (TMR), which for 25 years was active in Kimberley mine.
The company Petra based in London and already operates five mines, four in South Africa and one in Tanzania, where recently discovered a pink diamond 23.16 carats. Owned include underground mines Kimberley Underground, consisting of the most historic underground mines Dutoitspan, Wesselton and Bultfontein area. These are mines that Petra bought from De Beers of early 2000.
De Beers has been announced since last spring that seeks a buyer for the Kimberley mines, and had even announced that before the final signing of the sale agreement had expressed concern over seventy buyers.
Note that the Kimberley mine operated from 1868, while twenty chronai later, in 1888, officially received the property to De Beers.
Agents seize $2.85M in fake Tiffany goods
Editing: Dimitris Stamoulis
Customs and Border Protection (CBP) officers seized a shipment of 1,200 counterfeit Tiffany & Co. bracelets this week at Miami International Airport.
The jewelry was part of a shipment from China and marked another major jewelry seizure at MIA this year. Over the summer, CBP officersintercepted a shipment of 720 pieces of fake Van Cleef & Arpels jewelryworth more than $6 million.
If genuine and sold at MSRP, the Tiffany pieces--which were copies of various models of the retailer’s iconic .925 sterling silver “Return to Tiffany” bracelet--could have totaled as much as $2.85 million.
In a news release, the CBP said it agents grew suspicious of the counterfeit bling because the bracelets “did not appear to be of the quality consistent with the products normally manufactured by the trademark holders;” in this case, Tiffany.
Import specialists with the CBP examined the bracelets more closely and determined that the bracelets were indeed counterfeit.
MIA Port Director Christopher Maston said the CBP has an “exceptional” team of officers and import specialists who work closely with companies like Tiffany to identify products that infringe on companies’ intellectual property.
Jewelry and watches by the industry’s best-known brands are among the world’s most copied goods and, last year, they were also the most seized in the U.S., surpassing even fake handbags.
A report from the U.S. Department of Homeland Security released in the spring stated that in 2014, CBP officials nabbed fake jewelry and watches worth a total of $375.4 million at retail, representing 31 percent of the total dollar amount of counterfeit goods seized all year.
MEDITERRANEAN CONFERENCE GEMMOLOGIAS
On 27 and 28 June, was hosted in Athens the 1st Mediterranean Conference Gemmological and Jewellery. An initiative that undoubtedly honors our country, the Independent Gemological Laboratory Athens and CGL-GRS Vancouver.
According to the organizers of the conference, Messrs George and Branko Deljanin Spyromilios the success of the conference in Greece sealed the follow Valencia in Spain on 7-8 May 2016 in cooperation with the local MLLOPIS Gemmological laboratory and in Italy in 2017.
The subjects of the conference included:
• Information on the production of synthetic HPHT and CVD diamond and identify them.
• Comparison of characteristics of rubies from Mozambique and compared with rubies Burma.
• Production, Gemological characteristics and pricing of Pink diamonds from the Argyle Mine (Australia).
• Control and identification of synthetic diamonds.
The high professional level of the speakers who attended the conference fully satisfied all participants. Of particular interest gained specialized knowledge of speakers on issues of production and identification of synthetic diamonds.
Dr. Thomas Hainschwang by the TL in Liechtenstein presented methods for detecting small CVD, HPHT synthetic diamond.
Mr Branko Deljanin from CGL - GRS Gemological laboratory in Canada reported on how discrimination disputes between natural pink diamonds from the Argyle Mine and synthetic and treated diamonds pink.
Wolf Kuehn from the laboratory of Research and Technology in Canada, introduced the participants to the portable spectrometer and the light sources for spectral absorption, Raman and luminescence measurements and how the spectra can be used to identify gemstones.
Dr Joe Yuan representative Taidiam, producer of synthetic diamonds described the development processes and characteristics of rough and polished synthetic diamonds.
Dr. Bradley Cann from the research center of De Beers in the United Kingdom described the fluorescence imaging with filters that can provide clear evidence of CVD synthetic development and how they can be used through the De Beers to control and their detection.
Mr John Chapman of Gemetrix Australia provides an overview of natural pink diamonds from the Argyle mine and photochromic characteristics
Mrs Gail Bret Levine chief NAJAH (National Association of Jewelry Appraisers, USA) reported costing antique jewelery.
Dr. Adolf Peretti of GRS Gem Research Switzerland.
He offered participants a rare 3D movie experience traveling to the depths of a mine in Burma.
A highlight of the conference was the presentation of the largest (10.02ct) colorless synthetic diamond by Mr. Nikolai Khikhinashvil. The diamond was developed by the New Diamonds Technology in Russia using HPHT methods in 2015 and classified as an E-color and VS1 purity.
Andrey Katrusha, director of the company New Diamond Technology described the HPHT technology, equipment and the wider industry of synthetic diamonds in a presentation titled “Revolution in commercial diamond production”.
At the end of the presentations of the day a “round table” by John Chapman with guests 3 Gemology and three producers of synthetic diamonds, investigated the market for synthetic diamond production technologies and those covering the questions of the participants.
On the second day, 30 people took part in the workshop of CGL-GRS concerning the detection of synthetic diamonds. It was conducted by Messrs Branko Deljanin, George Spyromilios and staff IGL. With the help Gemmological tools, the participants could apply their knowledge in 40 samples diamond (natural and synthetic) who volunteered for the study.
The conference was attended Gemology, appraisers, jewelers from around the world (UAE, Russia, UK, Italy, Austria, Israel, South Africa, Cuprys, Belgium, USA), as well as from Greece are:
Tsotsoulis Thanos, Kiamos George Assariotakis Peter Assariotaki Peace Bantounas Nikolaos, Ziaei Saeid Boukogianni Dolly, Dagkazian Akis, Griva Peace, Karagiannis Iris, Kokkinidis Stratos Kolanian Aram, Kollias Georgios Papanikolaou Elena Pentheroudakis Harris, Saitaridou Love Vassilakos Taoss, Xidous Ergina, Bali Denia.
• OGI Systems (Ισραήλ),
• Certiline (Ιταλία)
• HRA Investment. (Καναδάς)
• Kartali Mara
• AIG Europe
Armed attack on shop Cretan hotel
Editing: Dimitris Stamoulis
Three armed with Kalashnikovs broke a few days ago at hotel Hersonissos Crete, Creta Maris, and removed valuable items of jewelery which operates within the hotel. The police arrived very quickly so, to come face to face with the perpetrators and noted firefights outside the hotel and during the chase. Eventually all three perpetrators were arrested. Two of the robbers were seriously injured.
According to the notice of the police “shootout between police and armed forces occurred at about 21:45 Friday in Hersonissos, Crete, injuring three perpetrators. The gunmen shortly before had committed robbery at jewelry store located in the hotel area.
In point rushed strong police forces and according to preliminary information was a shootout between the robbers tried to escape and the police. In the area they found and seized a pistol, two Kalashnikovs perpetrators, the swag, and a stolen car, which was used for the robbery. There was no injury to police by gunfire, and two of the perpetrators are Greek origin, the third to be Albanian national “.
New cinematic hit with smooth jewelry 17.5 million. EUR
“Epidemic” has broken out as shown in France with impressive robberies aimed luxury jewelery stores and precious stones. Recently, four men managed to grab jewels and watches by Cartier shop located in the legendary Croisette Boulevard in Cannes. The prey as estimated by store managers, amounts in terms of value of 17.5 mil. Euro
The attack occurred by a man who wore elderly mask and managed to enter the jewelry store without being noticed, although the area has door with vestibule and an armed security guard. Threatening the guard with an automatic weapon, the man opened the door and allowed two well armed accomplices, who wore scarves on their faces to enter. A fourth accomplice their guarded the area outside the jewelry store. At the time of the robbery, two employees and one customer were in the store.
The two robbers with subtle energies emptied the contents of the showcases in gym bags that were with them, while the third controlled movements terrified bystanders. In his haste to prevent them from leaving the store before the police appeared, and had activated the alarm, the fallen and several luxury watches and jewelry.
It is worth noting that the Cartier store is angular and located right next to the famous Hotel Carlton, site of another film jewelery robbery in 2013. In the summer of that year, masked gunman had been invaded by the window on the ground floor, which hosted the auction and jewelery exhibition Israeli firm specialized in Leviev diamonds. The booty was worth jewelry over 100 mil. EUR.
The recent wave of robberies especially worried the authorities, as it could be linked to funding efforts of new terrorist organizations with religious or political motives. Despite being specially trained unit of police, BRB (Gang Response Unit), the strengthening of security methods in banks has turned villains more “easy” targets, such as jewelers, luxury hotels or the CIT.
Large Rififi district of London diamantopolon
With a film director Rififi burglars swiped literally from content around three hundred safes in one of the supposed best guarded London district, known as the neighborhood of diamantopolon. The villains after they managed to enter the shaft of the elevator, then opened a passage to the room safes, using heavy equipment.
Not yet specify the exact amount of their prey. However, an expert in the field of diamonds, Lewis Malka, spoke of “hundreds of thousands” euro.
Burglars acted during Easter Catholics and “raised” the content than half of the approximately 600 safes company «Hatton Garden Safe Deposit Limited» located in Hatton Garden, the jewelery district of the British capital.
Most of these safes are used by professionals in the diamond trade and jewelry.
Shiny party Bulgari jewelry of Taylor
A few days ago, the firm Bulgari held a unique party in which presented to public view some of the most famous jewelry has painted for Elizabeth Taylor.
The legendary collection of jewels of the famous star consisting of diamonds and emeralds, was a gift from her beloved husband of her life, and for some time, her husband, Richard Burton. The jewels of these donated during the filming of the classic film “Cleopatra in Italy.” Here are some of the characteristics of glittering jewels literally evening.
Easier access for professionals the diamond market
The RapNet, the diamond trade network which operates under the auspices of the Rapaport Group, recently launched an app application for members with Android software in their mobile phones. This is a sequel after the first successful corresponding application for iPhones.
Through this application, the user can make searches, find web sites that interest him and to follow the development and pricing of diamonds.
The application is designed to return the members of RapNet be able to pursue their activities in the street, providing advanced searches, saved searches, and monitoring of sales prices of diamonds.
The settings can also be synchronized between the app and the application of the computer desktop, thus allowing easier transition between mobile and office, a feature that was just added and redesigned iPhone app.
Application RapNet app is available for free download on Google Play.