Tucson, Ariz.–Both the Gemological Institute of America (GIA) and the American Gem Trade Association (AGTA) will offer a host of educational seminars and events at the upcoming gem fairs in Tucson, Ariz.

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Bulgari SpA said 2008 revenues fell 1.5 percent to $1.4 billion. Fourth-quarter revenues declined 9.8 percent to approximately $401.3 million. Same store sales dropped 0.9 percent for the year and 15.5 percent in the fourth quarter.

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The fashion choices of First Lady Michelle Obama have already generated much press, but for the watch industry, all eyes are on what type of timepieces the leader of the free world, and his second in command, put on every morning.

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The Swatch Group reported that its 2008 sales were up for the year, with watch and jewelry sales increasing 6.6 percent, but a slowdown over the holiday season noticeably impacted the Swiss watch giant’s year-end bottom line.

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New York–After an historic sales decline in the 2008 holiday season, many are predicting that the U.S. retail industry will shutter stores and layoff employees in large numbers in 2009.

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Jewelry manufacturer Breuning is expanding its sterling silver offerings with a new collection of friendship rings.

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The Gemological Institute of America will give attendees a chance to get acquainted with the latest gemological equipment, attend seminars, and receive special offers on GIA Instruments during the upcoming gem shows in Tucson, Ariz.

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Providence, R.I.–Buyers are being sought for all or some of the brands made by struggling jewelry manufacturer the Colibri Group, the attorney in the case told National Jeweler.

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Consumers plan to spend an average $102.50 on Valentine’s gifts and merchandise, down from last year’s $122.98 per person, according to a National Retail Federation survey. Total Valentine’s Day spending is expected to reach $14.7 billion.

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The Swatch Group, the world’s biggest watchmaker, said its 2008 gross and net sales finished just ahead of its record 2007, despite the “very challenging [worldwide] market environment.” Its 2009 outlook is “cautious but not pessimistic,” anticipating “a rather manageable recession” and a rebound in 2009’s second half.

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