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Pandora Names CEO

He’s joining the company from outside the industry.

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The Pandora board of directors has appointed Alexander Lacik to the roles of president and CEO.

He joins Pandora from the position as CEO of Britax Ltd., a child safety product company.

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Previously, he was president of North America at RB (Reckitt Benckiser) from 2013-2017 and has held key management positions with the leading global consumer goods company since 2004. He held positions in sales and marketing with Procter & Gamble from 1992 to 2004.

Peder Tuborgh, chairman of the Pandora board, said: “I am delighted that we have secured Alexander Lacik as CEO of Pandora. Alexander is a strong match for our recently announced strategic direction and will be instrumental in executing Programme NOW. Alexander is a brilliant marketer and brand architect and has throughout his career shown himself as a great leader and a highly effective executor. His skills and experience will be key to revitalising the Pandora brand.”

Lacik, 54, said, “I am honoured and excited to join Pandora. Pandora is an incredible company that has grown to be the world’s largest jewellery brand at unprecedented speed. I am encouraged by the current direction with a strong focus on brand reignition to restore growth.

“These are business aspects that I am particularly passionate about, and I look forward to joining and supporting the management team in the execution of Programme NOW.”

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The company said Lacik will begin the role “as soon as possible.”

Following the appointment, the executive management team of Pandora will consist of Lacik, Anders Boyer (CFO) and Jeremy Schwartz (COO). Until Lacik joins, the joint leadership of Boyer and Schwartz will continue unchanged.

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Jewelry Chain Looks to Build $13M Headquarters

It will employ about 100 people.

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James Avery, a Texas-based manufacturer that operates 88 stores, is looking to open a second headquarters at a cost of $13 million.

The facility would be located in Cedar Park, TX, KXAN-TV and the Austin Business Journal report.

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James Avery Craftsman Inc. is seeking more than $500,000 in economic incentives for the project.

As part of the agreement, the headquarters would need to have a payroll of about $4.9 million by 2025. It would also need to consist of at least 35,000 square feet.

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The Business Journal reports that the facility would have more than 100 employees.

Kerrville-based James Avery, known in part for its Christian-themed jewelry, is particularly popular in its home state of Texas, where it operates 80 stores.

Read more at KXAN-TV

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Video: 3 Millennial Couples Reveal Their True Thoughts On Lab-Grown Diamonds

MVI Marketing has released a new video.

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MVI Marketing has released a new video in which three millennial couples reveal what they think about lab-grown diamonds.

The couples interviewed by MV Eye are all actively shopping for engagement rings.

In the video, which is under three minutes long, they’re asked about topics such as their budget, their shopping preferences and their views on lab-grown diamonds.

Watch the video:


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GIA Identifies Mixed Natural-Synthetic Diamond

It ‘could be a new type of product entering the market.’

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The Gemological Institute of America had identified a stone that is a composite of synthetically grown and natural diamond.

It was described as a 0.64-carat fancy grayish greenish blue cushion modified brilliant. It turned out to have a “CVD synthetic diamond overgrowth,” according to GIA, which described the finding in the Spring 2019 issue of Gems & Gemology, its quarterly scientific journal.

The grayish greenish blue was caused by the gray and blue components from the CVD layer and the yellow from the substrate.

“The resulting color was likely the main motivation for growing the CVD layer on top of the natural diamond, though the extra weight gained could also be a factor,” according to the article.

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GIA added: “With the second of these composites seen at GIA, this could be a new type of product entering the market.

“Earth-grown diamonds with synthetic diamond grown on the surface require extra scrutiny due to the presence of natural-looking features, both spectroscopic and gemological. Careful inspection still reveals the presence of synthetic indicators, which expose the true nature of the diamond.”

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