Connect with us

Headlines

Jewelry Brand to Lay Off 40+ Employees

mm

Published

on

It will concentrate on more affordable pieces.

Job cuts are imminent at De Grisogono, a Switzerland-based maker of jewelry and watches, Reuters reports.

Citing “challenging conditions” in certain markets, the company said it would eliminate 31 jobs in Switzerland. And it said it would cut as many as 10 elsewhere, according to the news agency.

In all, De Grisogono currently employs 104 people.

Reuters reports that the firm plans to concentrate on more affordable jewelry.

De Grisogono was launched in 1993 by Fawaz Gruosi, a pioneer in black diamonds. In December 2017, IDEX Online reported that Sodiam, a state-owned diamond company in Angola, was divesting its interest in the company.

Read more at Reuters

Advertisement

Advertisement

SPONSORED VIDEO

When Sales Beat Projections, You Know Wilkerson Did Its Job

There are no crystal balls when it comes to sales projections. But when Thomasville, Georgia jeweler Fran Lewis chose Wilkerson to run the retirement/going-out-of-business sale for Lewis Jewelers and More, she was pleasantly surprised to learn that even Wilkerson could one-up its own sales numbers. “Not only did we meet our goal, but we exceeded the goal that Wilkerson had given us by about 134%,” she says. After more than 40 years in the business, Lewis says she decided a few years ago to “move towards retirement.” And she was impressed by Wilkerson’s tenure in the industry. Overall, she’d recommend the company to anyone else who may be thinking it’s time to hang up their loupe. “As a full package, they’ve done a very good job and I’d definitely recommend Wilkerson.”

Promoted Headlines

Most Popular