GF Weekly Newsletter
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What's New?
Add virtual inventory to your website instantly...
The GF Jewelry LINK tool provides jewelry professionals with instant and affordable integration of the latest jewelry search technology directly to an existing website. The GemFind Jewelry LINK e-commerce system allows jewelry stores with an existing website to immediately begin selling online high-quality jewelry as well as the ability to upload their own merchandise. For more information about GF Jewelry Link, please contact GemFind at 1-800-373-4373 or log
in to http://www.gemfind.net/gfServices.aspx
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Why should you join GemFind?
 "GemFind is totally dedicated to the jewelry industry and has chosen to work exclusively with the trade. Unlike other e-commerce sites, GemFind is committed to their original business model of supporting dealers, manufacturers and retailers. GemFind is the industry's gateway to business to business trade and business to consumer e-commerce." Bill Boyajian
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Hollywood puts on the glitz for Oscar red carpet
National Jeweler febrero 23, 2009
Style experts have noted that during times of a recession, while millions of Americans will cut back their spending and tone down displays of wealth, Hollywood's luminaries typically look the other way, playing out their roles as movies stars and amping up the glamour, especially at awards shows. And that was just the case at last night's 81st Annual Academy Awards, where Old Hollywood elegance swept the red carpet.
Pulled-back hair, fishtail-style gowns and classic diamond jewelry were among the style hallmarks of movie's biggest night, with Hollywood's leading ladies forgoing potential fashion risks and instead turning to elegant, sophisticated looks.>>>
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De Beers mothballs mines as sales slide
By Tom Burgis FINANCIAL TIMES febrero22, 2009
 The world's biggest and most valuable diamond mines have been mothballed since the start of the year when De Beers put its Botswana production on hold as sales of the precious stones slumped.
The mines, source of half of the group's supply of rough diamonds and nearly a quarter of the world's by value, sold no diamonds in November and "very little" in the subsequent two months, Sheila Khama, chief executive of De Beers' Botswana business, said. >>> |
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JA urges members to fight luxury-tax initiatives
National Jeweler febrero 20, 2009
 New York--Concerned about proposed legislation in New York and Illinois to enact luxury taxes on jewelry and watches, Jewelers of America (JA) is asking retail jewelers to join its letter-writing and fund-raising campaign to fight back. In the state of New York, the luxury-tax measure is currently part of the state's larger budget bill, meaning that if the budget passes with the item included, the luxury tax would go into effect as part of it. Meanwhile, in the state of Illinois, lawmakers have drafted a specific piece of legislation to create a luxury tax.>>>
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Recession hits America's jewellery industry
Commodityonline 2009-02-23
 NEW YORK: Global economic slowdown has hit the gold and diamond jewellery industry in the United States. The Gemological Institute of America (GIA) has cut its domestic workforce by another 9 percent in the wake of the recessionary trends that has severly affected the jewellery industry. A GIA spokeswoman said the cuts, announced on Wednesday, would impact 103 GIA employees in the United States, 71 at the company's Carlsbad, Calif., headquarters and 32 at its New York offices. >>>
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Big Three Report Diamond Production Policy
By PolishedPrices The Israeli Diamond Industry 23.02.09 De Beers has stated it is going to significantly cut diamond production levels to align them with the levels of demand. During 2008, De Beers and its joint venture partners produced 48.1 million carats, compared to 51.1 million carats in 2007. De Beers' sales of rough diamonds for 2008 compared to 2007 remained static at $5.9 billion. >>>
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6 Sure Ways to Increase Sales
By Shari Waters, About.com
 Want to increase sales dramatically? Then shift your sales focus from attracting new customers to enticing your proven customers to buy again. The best sales prospect is a prospect that's already converted - in other words, one of your current customers. Think of it this way; if your business is located in a small town with a population of 1000 people and you sell a sprocket to everyone in that town, man, woman, and child, you've sold 1000 sprockets - and saturated your market. >>>
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Treat Me Like Your Business Partner, Not Your Child!
By David Ciambella Expert Business Source February 20, 2009
My previous blogs, "Business is Tough, But Life is Good" and "Business is Tough, What an Opportunity" focused on the need for positive leadership and the opportunity this economy is presenting to provide invaluable experience for your successors. This posting provides a twist on the topic of successor development focusing on the child/business owner dynamic.>>>
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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 Jim Kilcoyne at Ext. 4957and tell them you are calling about GemFind's $100 Meet or Beat Guarantee and ask for.
* Offer is subject to change at any time.
For more info, please click here
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Managing Mania: How to Handle Hotheads in the Workplace
By Donna Flagg Expert Business Source February 22.09
 Normally, when I write, the words come first and the images second. This is true whether I'm writing copy, a training program, a blog or a book. But in the case of this entry, I saw the picture of this fist-shaking, screaming little man and then decided that there was something to say about it. >>>
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Reducing Retail Business Expense
By Shari Waters, About.com
 There may come a time when a retailer is faced with the need to cut expenses. It could be a slump in the economy or the threat of a new competitor. Or it may simply be the desire to control those ever-expanding monthly operating expenditures. Whatever the reason, there are areas in spending in which retailers can reduce without compromising customer service or quality. If your store is experiencing a cash crunch, consider the following ways to cut retail business expenses. >>>
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MJSA releases smart-shopping guide
National Jeweler February 23.2009
 Manufacturing Jewelers and Suppliers of America (MJSA) has released a new book filled with money-saving insights for the jewelry industry. Titled MJSA Buyer's Resource Vol. 1, the book, a companion to the MJSA Buyer's Guide, is a "smart shopping" manual for the jewelry industry, offering information on how to make better purchasing decisions on everything from gemstones to capital equipment, as well as how to have a more cost-effective relationship with contract casters, CAD/CAM bureaus and other service providers. >>>
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Decrease Average Inventory Dollars
Jewelers of America February 20.2009
 One of the best ways to manage your costs during these challenging financial times is through better inventory control. During a recent presentation at the National Jeweler Network's America's Best Jewelers (ABJ) Retail Benchmarking Symposium, jewelers discussed ideas on decreasing average inventory dollars. William J. Curry, president of Curry Fine Jewelry, and other jewelers shared the following inventory management tips:>>>
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