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| What's new
If you are going to the New York JA show, please make sure to attend the Online Retailing Forum. This Forum in part has been sponsored by GemFind.
The National Jeweler Network Online Retailing Forum is an invitation-only event for independent jewelry retail executives. The academically-based forum is geared to foster thought leadership and forward-thinking ideas to help retailers solve current and future business challenges. The event is positioned to address the strategies, processes, and technologies/services surrounding key online transactions for jewelry retailers including distribution, marketing and merchandising.
For more information, call them today. 1-800-373-4373 or visit: http://www.njnonlineretailforum.com/ |
| Family assets to be seized in Fabrikant case
National Jeweler June 23, 2008
New York-A bankruptcy judge has authorized U.S. marshals to take all necessary steps to seize the assets of the ex-owners of M. Fabrikant and Sons, including, if need be, busting into their apartments on Fifth Avenue and Park Avenue in Manhattan.
The order was issued on June 18 in response to a complaint filed in U.S. Bankruptcy Court in New York last week by the "shared assets trust," consisting of Fabrikant lenders and creditors. >>> |
| Antwerp Introduces Newest Hearts & Arrows Measuring System
By Jewelry News , June 19, 2008
Hearts and Arrows by HRD Antwerp' is the new objective measuring system for Hearts and Arrows developed by HRD Antwerp scientists. It will be implemented in the grading services provided by the HRD Antwerp - Diamond Lab, which issues one of the world's most respected diamond certificates.
The newly developed automatic measuring device and software provides objective criteria and repeatable results, according to which HRD Antwerp can now determine with more accuracy whether a diamond meets its 'Hearts & Arrows' standard. >>>
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| GemFind.com ...Is Launched The network that lets consumer search for diamonds online and then see it in person at a Local Jewelry Store
Join GemFind today before your competitor does
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Gold: Don't count on $1,000
By Paul R. La Monica, CNNMoney.com editor at large June 20, 2008
NEW YORK (CNNMoney.com) -- Don't look now but the price of gold is back above $900 an ounce.
Gold, which typically rises during times of economic uncertainty and inflation, hit an all-time high of more than $1,030 an ounce back in mid-March.
The price started to slip soon after that as credit crunch fears subsided. But it has been back on the rise this week partly due to the dollar's weakness and stubbornly high oil prices. >>>
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| Jewelry Web Traffic Rose 9% from April to May
By Jeff Miller June 18,2008
RAPAPORT... comScore Inc. reported an increase in online activity between April and May, which was driven by Mother's Day, and gave the jewelry and luxury goods sector a boost in visitors.
Content categories showing gains in traffic from April to May included a 15 percent jump in visitors to floral related websites; an 11 percent jump in coupon gifts sites; and a 9 percent increase in jewelry / luxury goods websites. >>>
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| A birth of a new clarity grading system-GIA.
The GIA clarity grading system was proposed and developed by Richard T. Liddicoat in 1952 when he was the president of the GIA. He worked on this system with the support of Lester Bensen and Joe Phillips and was assisted by Robert Crowningshield and Bert Krashes. >>>
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| Diamonds or Oil, Is a Cartel Forever? New York Times, June 23, 2008
The diamond cartel has survived more than a century, making it what Edward Jay Epstein calls "the most successful cartel arrangement in the annals of modern commerce." The DeBeers cartel has kept prices of diamonds artificially high by limiting supply (and by creating demand through marketing like its 1947 slogan, "A diamond is forever.") >>>
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| Blue Nile Sees Diamond Handwriting On The Wall By Barry Gutwein on June 19, 2008
Forbes yesterday reported that Diane Irvine, CEO of online jeweler Blue Nile (nasdaq: NILE), said at a conference in Chicago on Wednesday that the company is focusing on expansion into the international market, particularly Europe and the Asia-Pacific region. International sales for Blue Nile were up 112.5% to $17.0 million in 2007 over the year prior. "Over the long-term, we believe international will be half or more of our total business," Irvine said. >>>
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| Worried about jewelry crime? Try networking
National Jeweler June 20, 2008
New York-To make sure that jewelers keep their eyes and ears open about security incidents involving their peers, the Jewelers' Security Alliance (JSA) has partnered with Jewelers Mutual Insurance Co. and Jewelers of America to organize hundreds of local crime-prevention networks. Jewelers who are members of the local networks will share with other member jewelers information on crimes, suspects and suspicious circumstances, and will also work closely with local police. >>>
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| Palladium branding campaign heats up
National Jeweler Junio 18,2008
Las Vegas-The jewelry industry got its first glimpse of the initial branding phase for palladium-a white, light, natural metal slated as the last major development in precious metals-during Las Vegas market week last month. >>>
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| GemFind is now partnering with First National Merchant Solutions to provide an ideal merchant processing program designed to save you money. If we can't save you money, we'll pay you $100.
Call (ph.) 800-516-6242 and tell them you are calling about
GemFind's $100 Meet or Beat Guarantee and ask for
Jim Kilcoyne at Ext. 4957.
* Offer is subject to change at any time.
For more info, please click here
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Hong Kong Show Opens with Record No. of Exhibitors
By Jeff Miller June 20, 2008
The Hong Kong Jewellery & Watch Fair opened yesterday with a record 1,290 exhibitors. The show expanded floor space to accommodate more than 2,300 booths. "The purchasing power of Asian buyers is getting stronger in recent years owing to the economic growth in some Asian countries such as China and India," said Celine Lau, director of jewellery fairs at CMP Asia Ltd. >>>
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| 'James Bond' Rolex surprises at auction
Jewelry News June 19, 2008
Heritage Auctions Inc.' latest auction brought in $1.4 million on 667 lots, including $107,550 for a "James Bond" Submariner Rolex Watches. The auction, Heritage's most recent Fine Jewelry and Timepieces Signature Auction, was held on May 20 in Dallas. >>>
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N.J. jewelers blindsided by used-jewelry bill
By Teresa Novellino, June 23,2008
Newark, N.J.-New Jersey jewelers are scrambling to have their voices heard by state lawmakers after belatedly learning of pending legislation that would require retail jewelers to maintain detailed records and photos of all jewelry they buy from consumers.Introduced on May 12 and slated for a vote as early as today, New Jersey State Assembly Bill A 2712 was designed to make it harder for criminals to fence stolen jewelry. >>>
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