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Virginia Drosos - 3 “ - 2 ” - 2 Jared - 2 Kay Jewelers - 2 — - 1 That's - 1 crimp - 1
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Search resuls for: "Virginia Drosos"


5 mentions found


☆ The US is reportedly rethinking plans to ban Russian diamonds amid industry pushback
  + stars: | 2024-05-20 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
The US is considering reducing efforts to enforce a ban on Russian diamonds, Reuters reported. AdvertisementThe US is rethinking restrictions on Russian diamonds after a wave of pushback from the industry and nations heavily involved in the diamond trade, Reuters reported on Monday. That's a step up from the initial sanctions, which previously allowed the trade of Russian diamonds that were polished in other countries. The government has received pushback from firms and nations heavily involved in the diamond trade. De Beers, one of the world's largest diamond miners, said it supported a ban on Russian diamonds but wants diamonds to be verified at the source of production, rather than in Belgium.
Persons: —, That's, crimp, Virginia Drosos, De Beers Organizations: Reuters, Service, European Union, White House, US, Signet, De Locations: European, Belgium, Russia
☆ Gas prices are unusually high. Here's why you shouldn't worry
  + stars: | 2023-09-18 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
Instead, gasoline prices are getting more expensive and are just pennies away from their highest level so far this year. Are rising oil prices another item to add to the list? How high do you think oil prices will go? When you adjust for inflation, oil isn’t that high right now. I think that we are going to see continued high prices for a lot of stuff, including gasoline, but I don’t think we’re gonna see an acceleration in prices.
Persons: David Kelly, Bell, Kelly, it’s, we’re, We’ve, — aren’t, Eva Rothenberg, Sen, Bernie Sanders, CNN’s Jake Tapper, “, ”, Jared, Kay Jewelers, Parija Kavilanz, Virginia Drosos Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Asset Management, Strategic Petroleum Reserve, Federal, UAW, United Auto Workers, General Motors, Ford, Vermont Independent, Signet Jewelers, Signet, Diamonds, Goldman, Global Retailing Conference Locations: New York, Saudi Arabia, Russia, Libya, Ukraine, Gulf of Mexico, United States, Nile
☆ After 2023 wraps up, get ready for a spike in wedding proposals
  + stars: | 2023-09-17 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +3 min
This trend then created an “engagement gap” since couples get engaged, on average, about 3.25 years after they begin dating, according to Signet’s proprietary data. About 2.8 million couples, on average, get engaged every year in the United States, said Drosos. Last year, the number slipped to 2.5 million. In 2024, Signet expects engagements will reach 2.4 to 2.5 million. Courtesy of Zales/KAY JewelersDrosos said Signet is able to closely track the yearly engagement cycle because of its customer data platform.
Persons: Jared, Kay Jewelers, “ Covid, Covid, ”, Virginia Drosos, Kay, Neil Lane, KAY Jewelers Drosos, Signet, “, ” Drosos, Drosos Organizations: New, New York CNN, Signet Jewelers, Signet, Diamonds, Goldman, Global Retailing Conference, ” Locations: New York, United States, Nile, Texas, Florida, California
☆ America's largest jewelry company says ring sales are on the decline as fewer people get engaged
  + stars: | 2023-04-27 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +2 min
Signet Jewelers said an "engagement gap" in the US is contributing to declining ring sales. Company president Jamie Singleton projected the company needs to grow sales 25% by 2026 to return to engagement levels before the pandemic, CNN reported. According to Signet Jewelers — the largest jewelry company in the US and owner of Kay Jewelers, Jared, and Zales — retailers are suffering from an "engagement gap" that's been about three years in the making. "Engagement jewelry sales were lackluster in fiscal 2023, and we expect them to remain so for the balance of fiscal 2024." Signet Jewelers did not immediately respond to Insider's request for comment.
☆ Why lab-grown diamond sales are surging
  + stars: | 2022-04-27 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +6 min
He said March data showed the number of engagement rings sold that featured a manufactured diamond jumped 63% compared to last year, while the number of engagement rings sold with a natural diamond declined 25% in the same period. “The big fear in the natural diamonds industry is that consumers will start accepting lab-grown diamonds in engagement rings,” he said. “This is substantially less – as much as 73% cheaper – than a natural diamond of the same size, cut and clarity as the man-made diamond, which would cost $8,740,” he said. “A lab diamond is a real diamond, but maybe it took a few weeks to make it,” said Golan. There is, however, one important consideration for anyone buying lab-created diamonds: Man-made diamonds have little resale value.
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