Meanwhile, same-store sales for gold plunged 29 percent on the year, and sales of gem-set jewelry dropped by 10 percent.
Pure Gold Jewellers, a leading international retail jewelry chain headquartered in the United Arab Emirates, has become the first jewelry retailer to adopt and introduce the World Diamond Mark's Authorised Diamond Dealer® (ADD) program.
The World Diamond Mark Foundation (WDMF), the Dubai Gold and Jewellery Group (DGJG) and the Dubai Events and Promotions Establishment (DEPE), an Agency of the Government of Dubai, have joined hands to make the 20th anniversary of the annual Dubai Shopping Festival, Dubai's leading consumer shopping experience, a truly memorable event.
Consumers in the United States spent $9.1 billion on shopping expeditions on Black Friday, according to data research firm ShopperTrak. That was a decline of 7 percent compared with the same day last year, the company said.
On a bright note, however, Thanksgiving sales soared 24 percent on a year earlier to $3.2 billion, and sales for the two days combined were just 0.5 percent lower on 2013 to $12.3 billion.
Visitors to Hong Kong from Mainland China for the Golden Week vacation do not appear to have been deterred from visiting as a result of the political protests in the former British colony.
India's Gem & Jewellery Export Promotion Council (GJEPC) has submitted proposals to the Ministry of Commerce & Industry with one-year and three-year action plans for the expansion of the gem and jewelry trade.
Video camera evidence from the store shows the man talking in a friendly way with the workers while other customers were being dealt with at the Diamonds by Siag store in Manhattan’s diamond district.
A man distracted workers in a Manhattan jewelry store and walked out with $80,000 of diamond earrings.
Digital sale monitoring firm comScore reported holiday season U.S. retail e-commerce spending from desktop computers for the entire November-December 2014 holiday season of $53.3 billion, marking a 15-percent increase versus the corresponding days last year.
Cyber Monday (Dec. 1) once again ranked as the heaviest spending day of the year with more than $2 billion in desktop buying.