Michael Hill Plans Further Canadian Store Expansion After Record Year

Michael Hill is increasing its investment in Canada after the country emerged as the jewellery retailer’s fastest-growing market, with stronger sales, rising profitability and a significant store modernization program planned for the year ahead.Canadian revenue increased 7.3% to CAD $174.2 million in fiscal 2026, while same-store sales rose 7.0%. Comparable EBIT increased 16.3% to CAD $21.9 million, and gross margin improved by 20 basis points to 60.3%. Michael Hill described Canada as its fastest-growing market by sales and its clearest growth opportunity.Momentum has continued into fiscal 2027. During the first eight weeks of the new financial year, Canadian same-store sales increased 9.8%, compared with gains of 1.7% in Australia and 3.3% in New Zealand. Michael Hill is responding with ...Read More

Why Gold Jewellery Prices Move — and Why Ours Sometimes Go Down

If you have followed gold jewellery prices in Canada for any length of time, you have watched numbers do something jewellery is not supposed to do: change. The same solid gold chain can cost more than it did in the spring, or — less often noticed — cost less. Neither move is a mystery, and neither is a marketing decision.

A solid gold piece is mostly metal, the metal has a public market price that moves every trading day, and an honest price has to follow it. This article explains the machinery in plain language: what a solid gold price is made of, why the gold market moves, what the Canadian dollar adds on top, and how that is reflected in our own prices — which is why several of our chains cost less in late July 2026 than they did in early June.......Read

Ryan Wedding's accused Canadian money launderer agrees to U.S. extradition

A Toronto-area jeweller accused of laundering hundreds of millions of dollars for Ryan Wedding's purported drug-smuggling network has agreed to be extradited to the U.S. to stand trial.

Still, Rolan Sokolovski's lawyer insists his client is presumed innocent and will fight the charges he's facing.

Lawyer Scott K. Fenton confirmed in an email to CBC News that Sokolovski appeared in a downtown Toronto court earlier Tuesday and consented to be extradited several months early. Sokolovski had been scheduled to appear for an extradition hearing in December.

"It should be noted that consenting to extradition is neither an admission of wrongdoing nor an acknowledgement of the strength of the case against him," Fenton wrote.....Read More