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| WJC Receives 150th Signature
JCK-Jewelers Circular Keystone, 10/13/2008 The World Jewelry Center has signed its 150th company to reserve space in the planned international gem and jewelry hub.
These firms who have signed letters-of-intent to occupy space for the project in Las Vegas include every sector of the gem, jewelry, and watch industries, and represent 24 countries on five continents, including 20 states in the U.S, WJC officials said in a statement."The World Jewelry Center in Las Vegas has great appeal for firms looking at the competitive edge it offers," said Bill Boyajian, WJC managing director. "The opportunity to grow market share in the United States, the largest jewelry consuming nation in the world, and to do it in a new, exciting center, makes it a winning situation.">>> |
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WFDB president calls for diamond-supply reduction
National Jeweler octubre 13, 2008 Antwerp, Belgium-In light of the current global economic crisis, World Federation of Diamond Bourses (WFDB) President Avi Paz is asking diamond miners to cut back on the amount of rough diamonds supplied to the industry.According to a release issued on Sunday, Paz said that the quantity of rough diamonds marketed worldwide affects the stability of the industry and, particularly, the industry's global bank debt.>>>
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Fashion tastes may change with the times, but the allure of the pearl is timeless
Business Intelligence Middle East 12-10-2008 .
UAE. Commonly known as 'The City of Gold', and with transactions accounting for 14% of the world's jewellery sales, Dubai's reputation as the key market for those looking to buy gold and diamond jewellery is well-deserved. Even in tough economic times, last year Dubai saw gold and diamond jewellery sales rise by 15% and an amazing 47% respectively.Dubai was not built on gold, or even oil. In fact, its position as a trading hub and exporter was earned from the more humble pearl, and this year's Dubai International Jewellery Week celebrates the natural resource that gave Dubai its first taste of prosperity. >>>
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Know - How
September Retail Figures Cast Unease on Holiday Sales
>By Leah Granof Geffen 10/12/2008
RAPAPORT... With the global economic crisis worsening by the day and almost all major U.S. retailers reporting losses in September, businesses are facing a dire holiday season which could produce even more catastrophic economic results. >>>
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Cuts from Ponahalo diamond to be sold for Russell Simmons' charity
BY JAMES QUEALLY 10/10/2008
Shine on, you crazy diamonds!
If your 401(k) hasn't completely wasted away - and you have a few extra million lying around - here's your chance at the ultimate bling.
Two radiant rocks cut from the 316-carat Ponahalo diamond will be the centerpiece at Christie's next Wednesday, when the Rockefeller Center gallery opens "Jewels: The New York Sale."
The pair of megadiamonds, weighing in at 102 and 70 carats, respectively, are expected to draw high bids, with the larger jewel predicted to sell for $4 million and the smaller gem a mere $2.2 million.
>>>
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Gem Treatments You Should Know
By Carly Wickell, About.com The fact is, most gemstones used in jewelry have been treated to improve their appearance. Treated gemstones can be a good choice, because they should be more affordable than untreated stones that achieve their quality naturally. Do you know what the common treatments are? Some last forever, some don't.>>>
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Diamonds: Losing Luster or Still Sparkling?
Gold Seek - USA
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sp; 10/10/2008
Financial world chaos and extreme market volatility have pretty much sidelined the vast majority of the juniors in the diamond mining sector, according to RBC Capital Markets' highly regarded diamond analyst Des Kilalea. The senior players remain solidly in the game-albeit in a rather defensive posture-and can anticipate strong price performance to return once the economic storm subsides. In this exclusive Gold Report interview, the veteran analyst also steps back to give us a fascinating Cliffs Notes synopsis of Diamond Geology 101.>>>
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Should you rehire a former staffer?
By Suzanne DeVries October 09, 2008 Our jewelry clients often ask us whether or not it is a good idea to rehire a former employee.It is an issue that has started to crop up more frequently, in light of the struggling economy and the pressing need to bring aboard people who can step into the position and start producing immediately.>>> |
How the Financial Rescue Bill Helps Retailers
By Shari Waters, About.com
Not only did the U.S. Government establish a system to restore stability to the nation's financial markets, the legislation approved by the House last week also included two significant retail priorities that were added to the bill by the Senate.>>>
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Fight the Retail Forecast: Customer Focus
Jewelers of America
Octobr 01, 2008
Don't let the National Retail Federation's (NRF) less-than-rosy predictions (2.2% growth) for holiday retail sales, deflate your confidence. Now is the time to think about how you can buck the trends. Don't focus on price, instead as we've noted again and again, your customers will be the key.
In "How Small Stores Can Lure Holiday Shoppers," John Tozzi of BusinessWeek.com explains that since independent retailers can't win on price, they must leverage their biggest advantage: personal relationships with customers and the ability to deliver superior service.>>>
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Economy not bad news for all retailers
National Jeweler 09 October 2008
Los Angeles-While the majority of retailers are rocked by the current worldwide financial turmoil, it isn't bad news for everyone, speakers at a recent retail real estate conference said.Speakers at the International Council of Shopping Centers' (ICSC) North America Research Conference, speaking to executives who work in the field of retail real estate, cited grocery store chains and electronics retailers as two of the industries benefiting from the drop in consumer spending.>>> |
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Affluent Consumers are Spending Less
| JCK-Jewelers Circular Keystone, October 13, 2008 |
The worldwide economic crisis is having a profound and widespread impact on the luxury market, according to a recent survey of affluent consumers. "Few luxury brands are going to weather this global economic crisis with impunity," says Pam Danziger (pictured), president of Unity Marketing research firm.
The Stevens, Pa.-based firm, which specializes in the luxury market, conducted its first survey of the luxury consumer mindset since the bailout and historic stock market decline on Oct. 3. The survey of 1,200 affluent consumers at the top 20 percent of U.S. households (average income $209,500) was field Oct. 3-8.>>>
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