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.
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.
The new year will see the launch by Fiera di Vicenza of VICENZAORO The Boutique Show, a revolutionary exhibition format developed by the company for the gold and jewelry industries that assembles exhibitors into homogeneous communities, classified by reference values, type of production and purchasing procedures.
Chinese jewelry manufacturing and retailing giant Chow Tai Fook posted a 10 percent decline on the year for its third fiscal quarter which ended on December 31.
The firm said that there was an 18-percent slump in same-store sales - which included a 21-percent drop in sales in Hong Kong and Macau and a 15 percent fall in Mainland China.
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.
Indians traveling abroad from Delhi Airport with gold and precious jewelry will soon be able to register those items with Customs for valuation before leaving the country so that they are not charged duty on their return.
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.