Jewelry Stock Trends to Watch; Responsible Sourcing
and Ethics
Jewelry Stocks
to Watch; (NYSE: $TIF), (NYSE: $SIG), (OTCQB: $RGNP)
Point Roberts, WA–November 21, 2016 –
Investorideas.com, a global news source and investor resource issues an update
on publicly traded jewelry companies and how ethics and responsible sourcing
are playing a key role in the future of the sector.
A more educated and concerned consumer market is
taking hold and companies responding and leading the change include Tiffany
& Co. (NYSE:TIF), Signet Jewelers Limited (NYSE: SIG)
and Reign Sapphire (OTCQB: RGNP).
Tiffany & Co. (NYSE:TIF) is one of the leaders in the sector advocating ethically produced
jewelry. In news from the Initiative for Responsible Mining Assurance in April
of this year, Tiffany released a statement on its position. “We believe that using our
brand to advocate for critical issues like responsible mining is one of the
most important things we can do,” says Anisa Kamadoli Costa, Chief
Sustainability Officer at Tiffany & Co. “Today, collaboration across
sectors is necessary to drive systemic change. As a founding member of IRMA,
working across sectors to strengthen mining standards, we are proud IRMA is
close to launching its certification. We believe IRMA’s progress represents a
significant step toward a global standard in responsible mining.”
A much smaller player in the industry but still
committed to ethically sourced gems is Reign Sapphire
Corporation (OTCQB: RGNP). CEO, Joseph Segelman said,
”Reign’s core values are to offer global consumers conflict-free, natural
sapphires that are procured from verified sources in Australia; sapphires that
are ethically processed with respect for the environment, for the miners
engaged in prospection, for the local peoples directly affected by the gem
trade, and for the consumer.”
In February of this year, Signet Jewelers Limited (NYSE: SIG)
the world's largest retailer of diamond jewelry, announced
the launch of the Signet Responsible
Sourcing Protocol for Diamonds (D-SRSP), a protocol that provides increased
transparency and further commitment to the continuous improvement in the
integrity of the global diamond supply
chain.
The Company said in a press release, “Signet
collaboratively developed and piloted the D-SRSP with input from experts in the
diamond industry, civil society and governments. These included the De Beers
Group, Rio Tinto, Dominion Diamond Corporation, the World Federation of Diamond
Bourses (WFDB), the United States Jewelry Council, the International Diamond
Manufacturers Association, Partnership Africa Canada, the Diamond Development
Initiative, Jewelers of America, officials from the Organisation for Economic
Cooperation and Development (OECD), Governments and Signet diamond suppliers
from around the world.”
“The D-SRSP builds on existing diamond industry
standards, the UN Guiding Principles on Business and Human Rights and the
OECD’s Due Diligence Guidance for Responsible Supply Chains to ensure
transparency through a collaborative process that is practical and workable,”
said Mark Light, Signet CEO. “We have been active in the development of
harmonized industry guidance and standards for many years and with the new
Responsible Sourcing Protocol for Diamonds, we are asking our suppliers to
carefully map their supply chains more rigorously than ever before.”
Jewelry Stocks
Featured - Reign Sapphire Corporation (OTCQB: RGNP) Based
in Beverly Hills, California, Reign Sapphire Corporation, a fully reporting,
DTC eligible company, is the first mine-gate to customer jewelry company
to sell branded Australian Sapphire jewelry direct to consumers, and the first
US based jewelry company to exclusively market jewelry products featuring a
specifically colored gemstone - in this case branded Australian Sapphire. The
Reign Philosophy is to disrupt the market offering of traditional jewelry with
design innovation and use of social and digital media networks. www.reignsapphires.com
Birks
Group Inc. (NYSE:BGI) is a leading operator of luxury jewelry stores in Canada and
Southeastern United States. The Company operates 26 stores under the Birks
brand in most major metropolitan markets in Canada, 17 stores in Florida and
Georgia under the Mayors brand, one store under the Rolex brand name and two
retail locations in Calgary and Vancouver under the Brinkhaus brand. Birks was
founded in 1879 and developed over the years into Canada's premier retailer and
designer of fine jewelry, timepieces and gifts. Mayors was founded in 1910 and
has maintained the intimacy of a family-owned boutique while becoming renowned
for its fine jewelry, timepieces and service.
Blue Nile, Inc. (Nasdaq: NILE) Blue Nile, Inc. is a leading online jeweler. The company offers a
smarter way to buy engagement rings, wedding rings, and fine jewelry by
providing in-depth educational materials and unique online tools that place
consumers in control of the jewelry shopping process. Blue Nile has some of the
highest quality standards in the industry and offers thousands of independently
graded diamonds and fine jewelry at prices significantly below traditional
retail. Blue Nile's shares are traded on the Nasdaq Stock Market LLC under the
symbol NILE. More information about Blue Nile can be found at www.bluenile.com.
Christian Dior (Paris:CDI.PA) has six principal product lines: Christian Dior Couture,
marketed under the Christian Dior brand; Wines and Spirits, including
the Moet & Chandon, Veuve Clicquot, Hennessy and Dom Perignon brands, among
others; Fashion and Leather Goods, comprising the Louis Vuitton, Fendi, Marc Jacobs and Kenzo brands, among others; Perfumes and
Cosmetics, including the Guerlain, Givenchy and Christian Dior brands, among
others; Watches and Jewelry,
comprising the TAG Heuer, Chaumet and Zenith brands and others, and Selective
Retailing, such as the Sephora, DFS and Le Bon Marche brands, among others. The
Company distributes its products through the Company-owned shops and licensed
distributors in Europe, the United States, Japan and Asia Pacific.
DGSE Companies, Inc.
(NYSE MKT: DGSE)
wholesales and retails jewelry,
diamonds, fine watches, and precious metal bullion and rare coin products
through its Charleston Gold & Diamond Exchange and Dallas Gold & Silver
Exchange operations. DGSE also owns Fairchild International, Inc., one of the
largest vintage watch wholesalers in the country. In addition to its retail
facilities in South Carolina and Texas, the Company operates websites which can
be accessed at www.dgse.com and
www.cgdeinc.com. Real-time price quotations and real-time
order execution in precious metals are provided on another DGSE website at www.USBullionExchange.com. Wholesale customers can access the full vintage watch
inventory through the restricted site at www.FairchildWatches.com. The Company is headquartered in Dallas, Texas
Hermes (Paris:
RMS.PA) engages in the
production, and retail and wholesale distribution of consumer goods worldwide.
The company offers silk and textiles, and ready-to-wear garments for men and
women; leather goods and saddlery, such as bags for men and women, clutches,
briefcases, luggage, small leather goods, diaries and writing objects, saddles,
bridles, equestrian products, and clothing; accessories, including jewelry in leather, enamel, metal, horn and
wood, men’s jewelry, belts, gloves, and hats; art of living products
comprising furniture and lighting, furnishing fabrics and wallpapers,
decorative objects, and tableware; jewelry
and jewelry accessories; perfumes and fragrances; watches; and tableware.
It also engages in the purchase, tanning, dyeing, and finishing of skins; and
weaving, engraving, printing, dyeing, and finishing of textiles. The company
sells its products through a network of 311 retail stores. In addition, it
sells watches, perfumes, and tableware through networks of specialized stores
and in airport duty-free stores.
Kate Spade (NYSE:KATE) designs and markets accessories and apparel
principally under two global, multichannel lifestyle brands: kate spade new
york and Jack Spade. With collections spanning demographics, genders and
geographies, the brands are intended to accent customers' interesting lives and
inspire adventure at each turn. The Company also owns the Adelington Design Group, a private brand jewelry design and development
group that markets brands through department stores and serves jcpenney via
exclusive supplier agreements for the Liz
Claiborne and Monet jewelry lines. The Company also has a license for the
Liz Claiborne New York brand, available at QVC, and Lizwear, which is
distributed through the club store channel.
Kingold Jewelry Inc (NASDAQ:KGJI) Kingold Jewelry, Inc. (KGJI), centrally located in Wuhan
City, one of China's largest cities, was founded in 2002 and today is one of
China's leading designers and manufacturers of 24-karat gold jewelry,
ornaments, and investment-oriented products. The Company sells both directly to
retailers as well as through major distributors across China. Kingold has
received numerous industry awards and has been a member of the Shanghai Gold
Exchange since 2003.
LVMH Moet
Hennessy Louis Vuitton (Paris:MC.PA; OTC:LVMUY) operates as a luxury products company
worldwide. The company operates through six segments: Wines and Spirits,
Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing, and Other Activities and
Holding Companies. Its wines and spirits comprise champagne, sparkling and
still wines, cognac, scotch whisky, white spirits, and other wines under the
Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Mercier,
Ruinart, Château d’Yquem,
Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Belvedere, Chandon,
Cloudy Bay, Cape Mentelle, Newton Vineyard, Terrazas de los Andes, Cheval des
Andes, Numanthia, and Wenjun brands. The company also offers trunks, leather
goods, men’s and women’s ready-to-wear, shoes, watches, jewelry, sunglasses, books, silk accessories and fragrances, haute
couture, and gifts; shirts, ties, and accessories for men; and children’s wear
and accessories under the Louis Vuitton, Céline, Berluti, Kenzo, Givenchy, Marc
Jacobs, Fendi, Emilio Pucci, Thomas Pink, Donna Karan, Loro Piana, and Nicholas
Kirkwood brands, as well as operates an editorial Website. In addition, it
provides fragrance, make-up, skincare, candle, cologne, home collection, and
beauty care products under the Parfums Christian Dior, Guerlain, Parfums Givenchy,
Kenzo Parfums, Benefit, Fresh, Make Up For Ever, Acqua di Parma, Parfums Loewe,
Fendi Parfums, and Nude brands. Further, the company offers watches and chronographs, and jewelry under
the TAG Heuer, Zenith, Hublot, Chaumet, Bulgari, De Beers, and Fred brands.
Additionally, it operates travel and beauty products retail stores; retail
stores for luxury products on cruise ship; and department stores under the
brands of DFS, Starboard Cruise Services, Sephora, and Le Bon Marché Rive
Gauche. The company also operates yachts and attraction parks, as well as
provides media services.
Michael
Hill International Limited (MHJ.ASX) owns and operates retail jewelry
stores, and provides related services. The company operates its stores under
the Michael Hill and Emma & Roe brands. Its stores offer bracelets and
bangles, earrings, pendants and necklaces, rings, watches, and collections. As
of June 30, 2016, it operated 297 Michael Hill stores and 16 Emma & Roe
stores in Australia, New Zealand, Canada, and the United States. The company
also offers professional care plans and in-house customer finance. The company
was founded in 1979 and is headquartered in Murarrie, Australia. Michael Hill
International Limited operates as a subsidiary of Durante Holdings Pty Limited.
Michael Kors Holdings Limited (NYSE:KORS) is a world-renowned, award-winning designer of luxury
accessories and ready-to-wear. His namesake company, established in 1981,
currently produces a range of products through his Michael Kors and MICHAEL
Michael Kors labels, including accessories, footwear, watches, jewelry, men’s and women’s ready-to-wear and a full line
of fragrance products. Michael Kors stores are operated, either directly or
through licensing partners, in some of the most prestigious cities in the
world, including New York, Beverly Hills, Chicago, London, Milan, Paris,
Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong.
Movado Group, Inc. designs, sources, and
distributes MOVADO®, EBEL®, CONCORD®, ESQ® Movado, COACH®, TOMMY HILFIGER®,
HUGO BOSS®, JUICY COUTURE®, LACOSTE® and SCUDERIA FERRARI® watches worldwide,
and operates Movado company stores in the United States.\
approximately 3,600 stores primarily under the name
brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest
Jones, Peoples and Piercing Pagoda.
Tiffany & Co. (NYSE:TIF) is the internationally-renowned jeweler founded in
New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures
products and operates TIFFANY & CO. retail stores worldwide, and also
engages in direct selling through Internet, catalog and business gift
operations.
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