Its better-than-expected third-quarter results were overshadowed by the high-end jewelry retailer's disappointing earnings outlook for this quarter.
Laura: We learned that it was really difficult to gain customer trust for high-end jewelry rental online.
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Operating profit benefited from higher rough diamond prices and higher high-end jewelry and timepiece sales, the company said.
Harry Winston said higher rough diamond prices and better high-end jewelry demand were key contributors to its performance during the quarter.
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Tiffany rose after the high-end jewelry retailer reported better-than-expected earnings and gave an upbeat earnings and revenue growth outlook for the year.
Though the market for high-end jewelry has been robust of late, the excitement generated by a single-owner sale always fuels prime interest.
The business model was simple: a website that rented high-end jewelry for special occasions at a fraction of the retail value of each piece.
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Leonard Green's acquisition of the high-end jewelry brand Tourneau in September 2006 for around 1.3 times revenues might be a relevant comparison for the French brand.
In the 1980s, the New York revenue officers raided a high-end jewelry store that was enabling customers with out-of-state addresses to avoid state sales tax on big-ticket items.
Both industries of watchmaking and high-end jewelry have the richest of histories: in their "backrooms" both are still using centuries-old skills and proven sensibilitie that are feeding the talents of now and of the future.
Besides a clear disagreement with West Coast rapper Kreayshawn, Harry Winston looks to have decided to ditch the glam-world of high-end jewelry retail and switch to the down-and-dirty realm of the diamond mine.
The town manages to maintain a free-spirited feel while also offering the stylish sojourner upscale jewelry boutiques and high-end restaurants.
Congress imposed a 10 percent tax on high-end cars, boats, jewelry and private planes during a recession, when sales of those items were already down.
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The two Harvard Business School grads moved from finance to fashion with BaubleBar, which sources jewelry from high-end designers and sells it on the cheap via the Web.
Hermes still specializes in leather goods but has expanded into a wide variety of luxury items including perfumes, colognes, and high-end accessories such as silk scarves, jewelry and watches.
Airplane sales plummeted, the yacht-building industry nearly cratered, jewelry and fur sales lagged, and the auto industry closed dozens of high-end dealerships.
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Georg Jensen is a global luxury brand that designs, manufactures and distributes jewelry, watches, fine silverware and high-end housewares.
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Instead, today anyone wanting access to 3D printing services can get it from companies like Shapeways, Sculpteo, or Materialise, each of which can put the type of high-end 3D printing technology into the hands of creative types required to make anything from toys and puzzles to jewelry and clothing.
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During the recently concluded Luxury at JCK jewelry trade show in Las Vegas, the siblings introduced updates and new items for its high-end, bridal and fashion lines.
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