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| Recession shrinks diamond jewelry margins
By Michelle Graff National Jewelers
May 08,2009
Only 25 percent of those participating in National Jeweler's Product Panel reported that non-bridal diamond jewelry comprises 40 percent or more of their overall sales (compared with 36 percent who make that same claim for bridal), yet diamond necklaces, earrings and bracelets do remain a staple for many retailers.>>> |
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By: Uri Haviv and Avida Landau Israel Diamond Industry Portal May 05.09
The market for luxury items is usually the first to suffer during times of financial crisis, mainly due to belt-tightening by consumers, especially wealthy ones. The financial crisis hit the global diamond industry hard. It is now experiencing a drop in demand for diamonds and jewelry around the world.>>>
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Color Grading Diamonds At GIA: The First Fifty Years
By Gems & Gemology
style='font-size: 14.0pt;font-family: "Trebuchet MS","sans-serif";color: #999977'> 05/11/09
RAPAPORT... The following article is provided courtesy of Gems & Gemology In the more than half a century since the Gemological Institute of America (GIA) introduced its D-to-Z system for color grading colorless to light-yellow diamonds, it has become the premier color grading system in the global diamond industry. During this time, technological progress, new diamond sources and developing markets have changed the way the industry does business.>>>
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Brazen thieves steal $1M in jewels from midtown jewelry shop
BY Erica Pearson and Alison Gendar DAILY NEWS NY Crime May 08.09
A pair
of bold bandits snatched $1million worth of diamonds from a midtown jewelry store Thursday while the security guards were at lunch, police sources said.The store's co-owner, Rafaela Amini, buzzed the duo into Gioia Galleria Inc. on E. 57th St. a little before 3 p.m., police said.>>>
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GemFind Jewelry Online Tool Kit Ring Builder TM Let your customers design their own rings www.ringbuilder.com |
Have You Ever Signed a Consignment and Security Agreement from a Diamond Vendor?
By Shanu Singh Guliani <
/strong>National Jeweler May 07.09
A diamond vendor whom I've been doing business with for the past 2 years or so said his company has changed it's policy and is requiring all retailers whom carry large quantities of diamonds on memo to sign a Consignment and Security Agreement. They are calling it a UCC form (Uniform Commercial Code).>>>
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First InStore Show Draws Rave Reviews
By Nancy Schuring and Tony Seideman COLORED-STONE.COM
Call it the "Obama effect," but the president's cautious optimism about the economy drew around 400 exhibitors and 2,000 buyers to the first-ever Chicago InStore Show, April 19-21.
While optimism didn't translate into strong sales, it translated into the kind of strong enthusiasm among vendors and visitors that ensures a second edition of this event. >>>
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Be prepared for the economic upturn
By Jan Brassem National Jeweler May 11,2009
I was probably sleeping during my college macroeconomics class. How else is it possible that I never heard of the Laffer curve, John Maynard Keynes or even supply-side economics? But wait! When I heard these words for the first time a few weeks ago, I felt like sleeping too.>>> |
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| How To Clean Pearls
By Carly Wickell, About.com
The pearls most of us wear today are cultured pearls, their existence initiated by humans who insert a bead or other object into an oyster or clam. The clam coats the foreigner with nacre, the patina that gives pearls their unique appearance.The depth of the nacre coating depends on the type of creature involved, the water it lives in, and how long the intruder is left in place before it is removed.>>>
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New Range of 18 Kt. Gold Aromatherapy Jewelry Launched
By: Rachel Lieberman Israeli Diamond Industry May 11, 2009
Commodity Online reports that a new 18-karat gold range of jewelry has been designed with a drop of fragrance inside the gems in order to achieve a 'time release' evaporation effect. Kendra Grace, a perfumer and jewelry specialist for over 20 years, designed the collection, which combines gold and aromatherapy to envelop the jewelry wearer in an unforgettable scent.>>>
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| Tough time for watch sales
By Emma Johnson National Jewelers May 06,2009
New York--Watch sales are suffering at the hands of the economic slump like the rest of the luxury market, but more modestly priced and classic timepieces are poised to hold their own better than others, industry experts say.>>> |
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| The Cure for Social Media Brandjacking
By Frederick Felman E-Commerce Times 05/04/09
The burgeoning world of social media could be a huge threat to your brand if not managed properly. On the other hand, the world of social media may be the biggest marketing opportunity in years. The difference is all in how proactive you are in protecting yourself by becoming part of the broader social networking community.>>>
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