GemFind: Diamond Search, Web Development, JewelCloud , ring builder, stud builder, pendant builder 2008-09-16

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GEMFIND.NET        GF Weekly Newsletter
                                                                                                                  September 16, 2008

In This Issue
GemFind Network Launches Consumer Jewelry Website GemFind.com
Gold prices regain momentum
Jewelry and Watch Sales Strong for eLayaway
Top 10 Ways to Better Your...Business
U.S. Wedding and Engagement Ring Market $8.1 Bln
Luxury...Shoppers' Behavior Bending But Not Breaking
Tap into Fall Trends
Man-made stones...dip toe into diamond market
Supply Shortage Main Issue Facing Industry
Keep Customers Comfortable with Seating Areas
Seminar: 'Legal Compliance is NOT Optional'
Salesman Attack Linked to Colombian Gangs


 

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GemFind Network Launches Consumer Jewelry Website GemFind.com

All Press Releases for September 12, 2008 

Orange County, CA (PRWEB) September 12, 2008 -- GemFind, the jewelry industry's premier online network specializing in business, promotional and e-commerce sites for designers, diamond dealers, jewelers and manufacturers, is proud to announce the launch of their all-new, user-friendly consumer Website, online jewelry marketplace offering retail jewelers never-before-seen opportunities to maximize sales and revenue, both online and in their stores through a hybrid model that has never been created before. Consumers are offered a vast and expanding selection of diamond jewelry, pendants and wedding rings, with the ability to search for designer and fine jewelry from local affiliate retailers. >>>

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Gold prices regain momentum
CommodityOnline                Sep 15, 2008

 

Gold prices regained momentum in the bullion market on Monday on increased demand from stockists on the back of firm global reports and weak equity market.
Gold prices recovered sharply by Rs 255 per 10 gram to Rs 11,670 in the bullion market. Gold rose two per cent or $14.85 an ounce to $778.30 from Friday's close in New York. Weak equity market also boosted gold prices, as some of the investors shifted their funds in gold as a safe-haven investment, a dealer said. >>>


Jewelry and Watch Sales Strong for eLayaway
Anthony DeMarco, Senior Editor -- JCK   Sep. 12,2008
Internet e-commerce company eLayaway said jewelry and watches was the second best selling product category during its "Christmas in July" promotion in July and August.
Jewelry and watches strong showing is because of its overall popularity as a holiday gift along with the Tallahassee, Fla.-based company's business model that makes larger-ticket items, like jewelry, more affordable for many consumers, according to Michael Bilello, senior vice president of Business Development. >>>


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Know - How
Top 10 Ways to Better Your Business

Retailers all have the same basic path to success. That is, we must increase sales and reduce expenses in order to improve profitability. The goal is the same but how we achieve each milestone may vary. Take a look at the following ways to better your business.  1. Reduce Shrinkage: You may believe employee theft and shoplifting aren't a problem in your business, but simple pricing mistakes can also cost retailers quite a bit. The average shrink percentage in the retail industry is about two percent of sales. Learn to identify and reduce sources of shrink. >>>

By Shari Waters,                   


U.S. Wedding and Engagement Ring Market $8.1 Bln.
By Edahn Golan,   Idex        Sep 11, 2008
 
The U.S. bridal market is sizzling despite tempestuous economic conditions a recently published study by The Wedding Report said. Their analysis suggested that brides and grooms will spend a total of $8.1 billion on wedding and engagement rings in 2008.The study examined various aspects concerning the purchase of engagement and wedding rings including spending, ring components and how and when couples make their decisions. >>>


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.  

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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


Luxury Shoppers' Behavior Bending But Not Breaking
By Andria Cheng              Sep.10, 2008

The economic downturn that has hurt sales at luxury retailers such as Saks Inc. and Nordstrom Inc. may have forced shoppers such as Damasa Doyle to watch budgets and scale back shopping trips, but it hasn't caused Doyle to renounce designer labels.  
"Now I go to stores and ask, 'When do you have a sample sale or a sale?' and ask to be put on mailing lists [to be notified of such promotions]," said the model from Chicago, adding that she's cut back on her forays into New York's Soho district . >>>



Tap into Fall Trends
Jewelers of America          September 09, 2008

Twice a year, Jewelry Information Center, the industry source for consumer information on fine jewelry and watches, writes a Trend Report forecasting the upcoming season's hot looks and trends, as a guide for jewelers and consumers. For the Report, JIC scours the market and evaluates trends in fashion, socio-economics, pop culture and so much more.  Understanding and stocking the season's trends can bring a new dimension of sales into your store. JIC members receive the JIC Trend Report exclusively to inform restocking and buying for the season ahead. >>>


Man-made stones dip toe into diamond market 
BY JUSTIN BERTON SAN FRANCISCO CHRONICLE, Sep.14,2008
 

SAN FRANCISCO - Inside a small hotel room in downtown San Francisco recently, a businessman named Stephen Lux gently opened a jeweler's box and placed a shoestring-thin diamond necklace on the table.
The 64-carat, canary-yellow diamonds looked like they were worth millions - "Virtually priceless," Lux said. "But we could sell it to you for, say, $ 500, 000." Why the discount ? >>>


Supply Shortage Main Issue Facing Industry - Rio Tinto Survey

By Sergio Tjong-Alvares     idex    september 09, 2008

 

Diamond experts worldwide consider a shortage in supply of rough diamonds one of the main challenges facing the industry, according to a survey performed by Rio Tinto Diamonds. Of 159 respondents 31 considered supply shortage the most important challenge facing the diamond industry over the next five years.  Pricing and lower profit margins came in second backed by 20 respondents, while 19 listed synthetic/artificial diamonds as the biggest challenge facing the industry. >>>


Keep Customers Comfortable with Seating Areas
Jewelers of America       September 12, 2008 
 

When it comes to improving your store's environment, every corner counts. One area that can be improved with simple positioning and furniture changes is the sitting area, which needs to be inviting and versatile to make customers feel comfortable when making important purchase decisions. In his INSTORE magazine editorial, "Have a Seat," Paul Holewa shares simple ideas from Ruth Mellergaard, principal of retail design firm GRID/3, that will instantly improve the lounge area of your store: >>>


Seminar: 'Legal Compliance is NOT Optional' Comes to 47th Street in Oct. 

By  Jeff Miller       September 09, 2008

Jewelers Vigilance Committee (JVC) will present "Legal Compliance is NOT Optional" to members of the New York City's  47th Street Business Improvement District on  Wednesday, October 29, 2008, from 9:30 a.m. to 11:00 a.m. This seminar is exclusive for Diamond District businesses. In 2006, JVC developed and launched "Legal Compliance is NOT Optional" to educate jewelers about the legal regulations regarding how they do business and has presented this seminar in major jewelry hubs across the U.S. >>>


Salesman Attack Linked to Colombian Gangs
Jewelers Circular Keystone,              9/15/2008 
 
When the dealer from Florida resisted, the men slashed his wrist and stabbed him in the thigh, Schiller Park police told the newspaper, adding that it appeared they were trying to cut major veins and arteries and he may not have survived the attack if was not for Hampton Inn employees who rushed to his aid, wrapping his slashed arms in towels and sheets and slowing the bleeding by applying pressure and lifting his arms. >>>

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