- Published: 21 November 2016
- Written by Investor Ideas
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.”
Read this release in full at http://www.investorideas.com/news/2016/luxury-brand/11211StockTrends.asp
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 Diorbrand; 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 Jacobsand 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.comand 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 dYquem, 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. (NYSE:MOV)
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.\
Signet Jewelers Limited(NYSE: SIG) is the world's largest retailer of diamond jewelry. Signet operates
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.
Follow stocks in your favourite stock sector with Investor Ideas stock directories including luxury retail brands
http://www.investorideas.com/membership/
About Investorideas.com - News that Inspires Big Ideas
Sectors we cover in include mining, energy, renewable energy, water stocks, food and beverage (including organic and LOHAS, wine), defense and security, biotech, technology and mobile. We have also expanded our global coverage to include Latin American stocks, the Middle East, sports and entertainment.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Disclosure: Reign Sapphire Corporation (OTCQB: RGNP) is a paid client effective September 28, 2016 - news publication and social media: two thousand five hundred per month.
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
Contact Investorideas.com
800-665-0411