New York–A segment that aired Sunday night on CBS News’ 60 Minutes reported that gold revenues are helping to fund a violent conflict in the Congo, and it put the jewelry industry on the hot seat for not having a universal system to track the source of gold used in manufacturing jewelry.

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Online sales for the holiday season to date (Nov. 1-27) have increased 3 percent to $10.57 billion compared with the corresponding days last year, with Black Friday representing an 11 percent increase in sales to $595 million year over year, according to the latest report from ComScore.

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Lafayette, La.–Stuller Inc. is partnering with GemEx Systems Inc. to certify the light performance of select Red Box Diamonds using the BrillanceScope Analyzer.

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Lafayette, La.–Stuller Inc. is partnering with GemEx Systems Inc. to certify the light performance of select Red Box Diamonds using the BrillanceScope Analyzer.

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Mahwah, N.J.–TD Retail Card Services has announced that it will administer the private-label credit card program for Birks and Mayors’ U.S. stores, those operating under the Mayors name.

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After filing for Chapter 11 bankruptcy protection in June, Henry Dunay Designs is officially shuttering, with the company’s inventory set to be auctioned off on Dec. 16, the designer confirmed.

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Fearing that a 60 Minutes segment slated to air this Sunday on artisanal gold mining in the eastern Democratic Republic of Congo (eDRC) could make consumers  skittish about buying gold jewelry, Jewelers of America (JA) is advising members on how to deal with consumer confidence issues in the wake of the broadcast. 

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Tiffany and Co. released its quarterly financials Wednesday, indicating a sales drop of 3 percent from the previous year, but executives said the numbers beat expectations, and that U.S. sales declines are slowing.

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The Rapaport Group and the RapNet Diamond Trading Network have implemented an immediate trading ban on all diamonds from Zimbabe’s Marange diamond fields, due to what the company describes as “severe human rights violations.”

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The Rapaport Group and the RapNet Diamond Trading Network have implemented an immediate trading ban on all diamonds from Zimbabe’s Marange diamond fields, due to what the company describes as “severe human rights violations.”

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