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GF Weekly Newsletter
More than 172 million shoppers visited stores and Web sites over Black Friday weekend, up from 147 million shoppers last year, a 17 percent increase, according to the National Retail Federation's 2008 Black Friday Weekend survey. Shoppers spent an average of $372.57 this weekend (which includes projections for Sunday spending), up 7.2 percent over last year's $347.55, according to the survey, conducted by BIGresearch. Total spending reached an estimated $41 billion.
The GIA Gemological Research Conference originally scheduled for Aug. 21-23, 2009, has been canceled due to the downturn in the global economy, organizers said on the conference Web site.The statement from event co-chairs Brendan M. Laurs and James E. Shigley, reads as follows:
Aparticularly poignant obituary was posted at the entrance to the Israel Diamond Exchange's (IDE) trade floor this morning, mourning the brutal murder of Rabbi Gabi Holtzberg and his wife Rivki at the hands of the terrorists who took over Chabad House in Mumbai last week.There is no doubt that Jews all over the world are pained by the horrifying death of the Holtzbergs, who were only in their twenties. But a profound sorrow can be sensed within the walls of the Israel Diamond Exchange. 
Rapaport that has come out with a major report on diamond Futures has categorically stated that commoditization of diamonds will not deny retailers an opportunity to add value to their diamonds, just as the commoditization of gold has not inhibited the ability of jewelers to sell gold jewelry.
Is it better to reward the salesperson who scores a tough sale during the holiday season, or should the whole team get a bonus when 4Q sales rise overall? It's a question many retail jewelers grapple with each year when handing out holiday spiffs. Some retailers seek to avoid competition that may lead to infighting among staff, and instead opt to reward the team as a whole when the store performs well.
Today we have the advantage of staying connected wherever we are, which gives us the convenience of completing our holiday shopping from home or our working space, at any time of day. This convenience, however, comes with a price, which can sometimes present itself literally. Cybercrime is prevalent in our daily news; stories that discuss the lack of security or how some fraudster managed to bypass security barriers in place can cause customers to wonder how secure they are when shopping online.
New York--The Jewelers' Security Alliance (JSA) is telling industry members to be wary about suspicious inquiries after two New York-based diamond companies received letters from alleged independent private jewelers who claimed to be seeking a diamond supplier.
Jewelry retailers will have a chance to discover how their key business practices measure up against those of their top-performing peers at the 2nd America's Best Jewelers Retail Benchmarking Symposium and Awards Presentation, set to take place on Jan. 19, 2009, at the Jacob K. Javits Convention Center in New York City.
Jeff Corey, president of Day's Jewelers in Waterville, ME, grew up working in his family's jewelry store along with his six siblings. The business served a small town of 4,000 in Northern Maine. "It wasn't easy feeding nine mouths selling jewelry to people with very limited income. But, we did what we had to do because we had to eat," he says. 
A new study from MVI Marketing Ltd.'s Jewelry Consumer Opinion Council (JCOC) finds that while many young adults in the 18-24 age group do own a watch, many are instead using cell phones, iPods and other digital devices to tell time.
Americans are known for many things, but perhaps our most prevailing characteristic is our can-do attitude. No dream is too big, and no goal is impossible to reach. As Barack Obama so famously said, "Yes, we can!" It's this American spirit that has made entrepreneurs the backbone of our economy and why small businesses account for 99.7 percent of all businesses.
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GemFind: Diamond Search, Web Development, JewelCloud , ring builder, stud builder, pendant builder 2008-12-02
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Tags: 2008, December, Uncategorized
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