Zale Considers Sale of Piercing Pagoda

Zale Corp (ZLC), the third-largest jeweler in the United States, is considering selling its Piercing Pagoda kiosk business, Bloomberg News reported. Zale is considering selling the business in order to focus on its fine jewelry operations, Bloomberg News said without naming its sources.

Zale Corp. Reports Quarterly Loss of $3.03 Per Share

Jeweler Zale Corp. (ZLC) reported a loss from continuing operations of $3.03 per share for the quarter ended Oct. 31, compared with a loss of $1.87 per share a year earlier. The results for the first quarter of fiscal 2011 included a charge to interest expense of $46 million. This resulted from the first amendment to a senior secured term loan, the company said in a statement.

Barbie With Diamond Necklace Sells for $302,500

A Barbie doll featuring a diamond necklace sold at a New York auction for a record $302,500. The one-off Barbie is wearing a black strapless evening gown with a choker necklace featuring a one-carat square-cut pink diamond, BBC News said.

Victoria's Secret Unveils $2 Million Bra

Victoria%u2019s Secret unveiled a $2 million diamond-encrusted bra. Supermodel Adriana Lima modeled the "Bombshell Fantasy Bra" in New York Wednesday. It features sapphires, topaz stones and 3,000 white diamonds, according to The Kansas City Star.

Tiffany Earnings Rise 19%, Raises Full-Year Outlook

Tiffany & Co.'s fiscal second-quarter net profit rose 19% thanks to solid growth in most regions, the company reported Friday. For the quarter that ended July 31, the jewelry store chain said its net profit rose to $67.7 million, matching analysts' expectations.

Koss Fraud Probe Widens

The news keeps getting worse at embattled stereo-headphone maker Koss Corp. The Milwaukee company now fears that the amount that disappeared from its...

Don't waste money on jewelry cleaners

Jewelry stores around the country will do the majority of their annual business between now and Valentine's Day. If you're buying bling for your...

Have you insured your jewelry?

It's always a good idea to have insurance on your personal belongings, either with renter's insurance or home owner's insurance. Ask anyone who's...