News

WFDB sets sights on “next generation of leaders”

The World Federation of Diamond Bourses announced in a press release that they’re seeking younger members. The press release took place at the end of the World Diamond Congress in…

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Victorinox welcomes new president of fashion

Victorinox has appointed Jason Gallen the new president of the Global Fashion Division. Gallen has been performing duties in this position for the past few months, taking over from Joachim…

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Hudson’s Bay Co. to expand real estate portfolio

Hudson’s Bay Co. CEO Richard Baker says that its recent purchase of luxury department store chain Saks for $2.9 billion is just the beginning of the company’s real estate portfolio…

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New technology to achieve accurate colour grading of diamonds

ImaGem has announced a breakthrough in colour grading of diamonds with a new technology to achieve accurate grading of diamonds with a secondary hue. This new technology was made possible…

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Canadian Saks stores to go more high-end

Saks Fifth Avenue plans to have a more upscale look as well as distinct domestic touches and luxury “food halls” in Canadian stores upon its arrival in 2016, according to…

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China’s luxury goods sales to slow down

Experts say that sales of luxury goods in China are likely to go down in 2014 as they rose two per cent last year, down from seven per cent from…

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New CEO to lead Wal-Mart Canada

Wal-Mart Canada has appointed Dirk Van den Berghe as its next president and CEO, effective August 1. Van den Berghe was previously Delhaize Group’s CEO for Luxembourg and his home…

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Yorkdale Mall emerges as top retailer destination

Toronto’s Yorkdale Shopping Centre was picked as the top destination by more than a third of foreign retailers entering Canada last year, according to Retail Insider. Yorkdale Mall has expansion…

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Diamond Bourse of Canada joins WFDB

The Diamond Bourse of Canada, a diamond and gemstone trading facility, has become the new member of the World Federation of Diamond Bourses (WFDB). The decision came at the bi-annual 36th…

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Canada’s retail sales hit largest monthly increase in a year

Statistics Canada reports show that Canadian retail sales have increased 1.1 per cent to $41.62 billion in April, which came as a record and the biggest monthly increase in almost…

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Jewelers Mutual to educate jewellers through webinar

Jewelers Mutual is offering a webinar called “Robbery: Before, During, and After” to underline what signals point to the probability of being robbed, and what jewellers can do to stop…

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GIA announces scholarships for courses

Students for the Gemological Institute of America (GIA) programs, courses and lab classes for the 2015 Gemology and Jewelry Manufacturing Arts can now apply for scholarship. The online scholarship applications…

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