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Monday, January 25, 2010

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United Kingdom Intellectual Property Office Publishes Application for Trademark angel’s face to Little Linens for Costume Jewellery, Materials
By admin | Published: January 24, 2010

Little Linens, London, has applied the trademark angel’s face (customer’s reference: AF trademark) for Opposition Purposes Under the 1994 Act, published by the United Kingdom Intellectual Property Office.

The trademark application (serial number 2532688; journal number 6817) was tiffany filed on Nov. 17, 2009 and was published on Jan. 1.

The description of the mark registered is: “costume jewellery. Handbags, leather goods. childrens clothing.”

The goods/services for which registration was sought are “Costume Jewellery, Materials.”
Posted in jewelry | Tagged tiffany | Comments closed
Investors outshone jewellery buyers in gold rush of 2009
By admin | Published: January 22, 2010

Investors bought more gold than buyers of jewellery for the first time in three decades in 2009, highlighting the increasing impact of speculators on bullion prices.

GFMS, the consultancy that compiles benchmark supply and demand data on the metal, tiffany jewelry yesterday said that investment demand doubled to 1,820 tonnes last year, while jewellery purchases fell 23 per cent to 1,687 tonnes, a 21-year low.

The data provide the clearest indication of the big role investors played in driving gold to a record high of $1,226.10 a troy ounce in December.

Philip Klapwijk, executive chairman of GFMS, told the Financial Times he sensed that a “large amount of money” was poised to enter the gold market this year. He predicted a “bumpy” return to record prices by the summer on the back of loose fiscal and monetary policies and US dollar weakness.

Mr Klapwijk warned that although investors could buy more gold this year, the market would become “increasingly vulnerable” to a big correction when the circumstances favouring investment disappeared.

“As the macroeconomic environment gradually normalises, the gold market’s dependence on investment will become all too apparent with a substantial price retreat at that point on the cards,” Mr Klapwijk said.

The surge in gold prices, from $250 an ounce in 1999 to last year’s record, has depressed tiffany money clips jewellery sales, traditionally the backbone of consumption. Gold was trading yesterday at $1,128 a troy ounce.

The global economic crisis has also affected demand, particularly in India, the world’s largest buyer.

GFMS said jewellery demand had fallen by almost half since reaching a peak of 3,294 tonnes in 1997.

Traders said gold prices need to drop below $1,000 an ounce to ensure a revival in jewellery demand, as the currencies of key consuming countries such as India and Turkey depreciate against the dollar, increasing the local cost of bullion.

On the supply side, China cemented its position as the world’s biggest gold producer. A further fall in South Africa’s output, down 5 per cent on the year, saw it relegated to third position behind Australia. It had been the top producer for more than a century until 2007.

In total, global mine supply rose 6 per cent to 2,553 tonnes, a six-year high, helped by a tiffany pendants jump in output from Indonesia.

Net sales from central banks dropped 90 per cent to 24 tonnes in 2009, the lowest level in more than two decades.
Posted in money clips, pendants | Tagged tiffany money clips, tiffany pendants | Comments closed
One to watch as US slowdown hits
By admin | Published: January 21, 2010

Francesco Trapani, the chief executive of Bulgari, has some news for those analysts and investors feeling pessimistic about his company’s prospects.

“If you look at the global numbers we are not suffering,” he says. “The consolidated sales are good and the company continues to grow significantly.” Rome-based Bulgari is one of the few well-known names in jewellery, alongside Tiffany and Cartier, and Mr Trapani thinks it is not going to be hit badly by the coming downturn.

Many in the market disagree, and will be watching today’s announcement of 2007 results with interest. Standard & Poor’s has a sell recommendation on the shares. Goldman Sachs recently downgraded necklaces the company from a buy recommendation to neutral. The shares have fallen almost 30 per cent in six months, as other luxury-goods manufacturers such as Luxottica, Tod’s, Richemont and Coach have been hit to varying degrees by a slack Christmas period and a wider slowdown in sales.

Almost everyone in the industry is expecting the credit crisis to hurt sales in the US in particular, but views luxury goods as a cyclical industry that will bounce back in time.

Actually, Mr Trapani does not agree with that assessment either. He told the Financial Times that the building of brand names, which takes a long time, makes luxury goods companies fairly impervious to downturns. “I don’t see (the business) as pendants very cyclical. . . I see it as pretty resilient.”

He says even great shocks such as the terrorist attacks of 2001 had short-lived effects on the company. “After September 11, this company was down 3-4 per cent for three or four quarters.”

That is not to say the composition and geography of Bulgari’s sales are not changing. “We are seeing a pretty soft business in the US and in some important European countries . . . (But) almost all of Asia is going extremely well and counterbalancing (that softness).”

The components of Bulgari’s profit are also changing. The company used to make a great deal more of its money from expensive watches. In the Bulgari store at Rome’s Fiumicino airport some of the most expensive do not have prices marked, while others run up to a mere Euros 18,400 (Dollars 28,200).

Such watches are Bulgari’s highest margin products but their sales acc-ounted for just 27 per cent of revenues last year compared with 45 per cent 10 years ago. “It’s true that when we lose sales in watches it’s particularly painful,” says Mr Trapani, adding that there have been component supply problems, which the company hopes have passed.

It is making up the difference in profitability with “prudent” price increases, reflecting the growing ability to use the Bulgari name. It is also broadening its offering and has just started selling skincare products.

Mr Trapani is relatively relaxed about the share price. “The stock price moves from expectations and speculation,” he says.

The company’s family background and continued 52 per cent hold on the shares allows him a long-term view. Mr Trapani is from the third generation after Sotirio Bulgarifounded the company in 1884. The secret to longevity and avoidance of family feuds has been to buy out almost all family members. Only Mr Trapani and his two uncles – Paolo and Nicola – are still involved. The uncles are chairman and vice-chairman and part of a board in which they are outnumbered by independent directors.

When Mr Trapani became chief executive in 1984 key rings he was 27 – “too young”, he says – and Bulgari had just five stores. Growing to a group with 250 outlets involved a public listing in 1995 and the imposition of modern governance standards. “I was convinced the only way to succeed was to have a system of total meritocracy . . . We should try to avoid (like other family companies) a cousin in accounting and a sister in marketing,” Mr Trapani says.

But he admits the company sometimes acts in ways that may not please investors looking for strong growth every quarter. “The motivation that we have is not quarterly results. It is much more long term. We want to be the largest, the most prestigious brand in 10 years. Every now and then we may have numbers that are a bit less bullish than the financial Money Clips community might expect because we are determined to make investments.”
Posted in Uncategorized | Comments closed
Ebay survives Tiffany challenge on fakes
By admin | Published: January 20, 2010

Ebay yesterday survived a potentially devastating legal challenge to its online auction system after a tiffany US judge refused to back a claim by Tiffany that the internet company should be held liable for the sale of counterfeit jewellery on its site.

The decision, after a trial lasting four years, removed the immediate threat Ebay would be forced to make big changes to its highly profitable online auction system to try to prevent the sales of counterfeit goods.

An adverse ruling could have forced the company to take possession of goods on sale in its markets to check them bangles for authenticity, or led to it blocking the sale of high-risk items, such as those bearing luxury jewellery and fashion brands.

While siding with Tiffany, judge Richard Sullivan conceded that the rapid growth of the internet, which had made it easier for buyers and sellers to find each other, had also “given counterfeiters new opportunities to expand their reach”.

He added that under current law Ebay should not be held liable, and it was up to lawmakers to decide if rings trademark owners were adequately protected.

The ruling, in Federal court in the southern district of New York, comes shortly after the US internet company lost a similar case in France, where a court sided with luxury goods maker LVMH.

The US case was considered more significant, given the size of the market and the risk of a higher damages award. After the LVMH decision, Ebay said anti-counterfeit measures introduced since the case was filed had already dealt with the issues raised by the case.

A lawyer for Tiffany did not return calls for comment, and it was unclear in the immediate aftermath if Tiffany would bracelets appeal.

Judge Sullivan, whose decision came after a bench trial that did not involve a jury, ruled that Ebay could not be held liable for contributory trademark infringement, as Tiffany had claimed. To be found liable, Ebay would have had to have let specific sellers of counterfeit items continue to transact on its site, even after it knew they were infringing Tiffany’s trademark, he said, adding, it was up to companies to police their own trademarks.
Posted in money clips | Comments closed
damas unveils annamaria cammilli’s new floral merchandise
By admin | Published: January 20, 2010

Spreads a highly versatile and sophisticated array of jewels this seasonDamas, the world renowned jeweller and watch retailer, unveils Annamaria Cammilli’s new floral fantasies in the form of pendant chains, earrings, brooches and rings for women of discerning taste. Fusing the warm glow of gold in all its multi-hued versions with the dazzle of diamonds and various coloured stones such as amethysts, fume quartz and onyx, the ‘Lady of Flowers’ once again delights us with jewels inspired by nature, her perennial muse. Tawhid Abdullah, Managing Director Damas Jewellery, commented, “Cammilli’s designs capture nature’s essence to transform it into designs displaying a delicate play of light and colour. Intricate workmanship offers charming and beautiful jewels that present a lifetime of joy for its wearer.”

Cammilli’s rare artistry displays destiny’s hand at work. Her brand of jewel-making, while having roots in the old goldsmith traditions, continually researches and incorporates technology. The ‘painterly’ effect is achieved with the help of four new alloys that offer as many tonalities of gold for experimentation in work and finish. Today, the designer collaborates with her designer-daughter Raffaella and top Florentine goldsmiths to bring her unique designs to life.

Delectable new jewelsAs a collection celebrating the beauty of the most romantic blossom in fully unfurled glory, the jewels in Black Rose see blooms whose every petal is painstakingly ’sketched’ and highlighted by diamond dazzle. Simply pick your blooms in mysterious shades of black rhodium, orange gold or your perennial favourite yellow gold in a spread of pendant chains, earrings and rings. The Hypnosis collection blends orange gold, white gold with a delicate sprin-kling of diamonds with a smoothly polished pendant chains.

The Boheme’s rings capture the charm of rose blooms whose petals are ruffled by the wind in a blend of pink gold touched by diamond glitter, and the Cashmere collection sees the designer recreate the rose in yet another neo-art version casually spinning thin gold chords around large oval shaped pink amethysts, prasiolites and fume quartz to present pendant chains and rings dotted by diamonds.

Next in line is the Calle collection where Cammilli allows her fans to explore the famed beauty of calle lily flowers through a poetic spread of pendant chains, stud earrings and rings blending orange gold, white gold and diamonds. While the Glam collection offers riveting pendant chains crafted in pink and orange gold with diamond sparkle, the Horizon collection unveils a sophisticated array of jewels featuring a round design motif bringing together tiny rose buds on one side and a luminous hued stone such as onyx, corniola or green amethyst rising like a sun on the other side. Between these two realms runs a thin ‘wave’ of diamonds.

Capturing sunflowers and ears of corn in ‘candid’ portraits is the Le Collier collection with pendants strung on chains made up of unusual shaped links. While rounding off the array is the Spighe collection unveiling graceful pendant chains and earrings in orange and white gold with diamonds, in jewels featuring ears of corn as design motif.

Select from Cammilli’s delightful floral merchandise offering highly versatile and fashionable jewels available today at select Damas Les Exclusives Boutiques across UAE.
Posted in bracelets, cufflinks | Comments closed
Fast-Fashion Retailers Outpace Competitors
By admin | Published: January 19, 2010

Fast-fashion specialty retailers with exceptional speed-to-market have outperformed department stores and less nimble specialty stores not only in their profit margins, but also in their pace of revenue growth, according to a study by The Sage Group LLC’s Apparel and Retail Group.

Surveying results from 47 retailers, all of them publicly held and the overwhelming majority of them based in the U.S., Sage found in the last 12 months, the five stores with the best EBITDA margin earnings before interest, taxes, depreciation and amortization as a percentage of sales were Hennes & Mauritz, at 23.4 percent; The Buckle Inc., at 22.5 percent; Zara operator Industria de Diseno Textil SA (Inditex), at 20.3 percent; Urban Outfitters Inc., at 19.8 percent, and Fast Retailing Co. Ltd., owners of Uniqlo, at 18.6 percent.

Other specialty retailers such as Gymboree, Jos. A. Bank Clothiers Inc., Aropostale Inc., Gap Inc. and American Eagle Outfitters Inc. filled out the top 10 rankings with marks ranging from 18 percent down to 13.9 percent, but Kohl’s Corp. distinguished itself as the best broadlines retailer with an 11th-place finish at 12.6 percent.

Abercrombie & Fitch Co. (11.7 percent) and Limited Brands Inc. (11.6 percent) followed, before the first upscale department store appeared on the list, Nordstrom, whose 11.4 percent mark placed it at 15th. Macy’s Inc. was 18th with a 10.5 percent EBITDA margin.

The other stores in Sage’s retailing universe to finish with a margin above 10 percent were off-pricers The TJX Cos. Inc. and Ross Stores Inc. (10.1 and 10 percent, respectively) and two others with a 10 percent margin, Zumiez Inc. and Bebe Stores Inc.

Sage also noted the fast-fashion subset has achieved strong growth as well, with the three-year revenue growth rates of Fast, Inditex and H&M far outpacing those of department store firms, several of which have had declines over the three years studied. American Apparel Inc. was first on this list with a compound annual growth rate of 39.8 percent, followed by Fast (24.3 percent), Zumiez (19.8 percent), Buckle (18.2 percent) and Urban Outfitters (16.3 percent). The bottom half of this top 10 were Aropostale (15.2 percent), The Bon-Ton Stores Inc. (14.5 percent), Dick’s Sporting Goods Inc. (14.1 percent), Inditex (13.9 percent) and Jos. A. Bank Clothiers (14.1 percent). H&M scored 11th, with 12.1 percent, followed by J. Crew Group Inc. (12 percent). Bon-Ton’s growth rate can be partially attributed to acquisitions, including its purchase of Saks Inc.’s Northern Department Store Group in 2006.

Measured by gross margin in the past 12 months, Abercrombie & Fitch was best, at 65.1 percent of sales, followed by Jos. A. Bank Clothiers (61.5 percent), H&M (60.3 percent), Inditex (56.6 percent) and American Apparel (55.5 percent).

On a market-cap weighted basis, stock prices for the fast-fashion subset have gained 17.3 percent over the past year, trading at 11.3 times [EBITDA for the last

2 comments:

  1. Marriage is a very sacred moment for all people especially those with adult age.
    Many of the things they do especially the couple themselves, ranging from preparing the invitations,
    the wedding, and wedding dresses. But there is one which they prepared with special wedding jewellery.

    ReplyDelete
  2. This is great blog , thanks for sharing jewelry post .Really nice post , I like it.
    His and hers wedding bands

    ReplyDelete