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GemFind: Diamond Search, Web Development, JewelCloud , ring builder, stud builder, pendant builder 2009-06-23
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Jewelers of America (JA) announced it is redefining the group's relationship with the state and regional affiliate jewelers associations. The 39 affiliate associations will have the opportunity to continue their relationships with JA through new partnership agreements. Improved member benefits are set to be offered this fall as part of a recently announced merger with the Jewelry Information Center (JIC). 
Paso Robles, Calif.--The bridal market, often deemed "recession-proof," is starting to feel the effects of the current economic downturn, according to the latest report from the Jewelry Consumer Opinion Council (JCOC). The report, titled "June Bridal Study," shows that 71 percent of respondents will proceed with their wedding, or weddings they're involved in, despite the recession.
It's been a game-changing year for the Majors, who have faced one tough scenario after another, from shrinking sales and dramatically reduced store traffic to spiraling expenses and the need for relentless consolidation.For large jewelry retailers with numerous stores spread out across the country, the effects of the recession are multiplied.
Shanu Singh Guliani, owner of Shanu's Fine Jewelry, Pembroke Pines, Fla., and a blogger for JCKonline.com, was surprised when a supplier asked her to sign a consignment and security agreement.
The name Asscher has been attached to many of the diamond industry's major moments. It's a name associated with some of the largest diamonds in the world, a name that's seen it's share of dark times, and one responsible for a diamond cut that came to symbolize an era. It's a name with more than one story to tell.
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Team members reportedly helped design the Jostens ring that commemorates the Pittsburgh Steelers' February, 2009 Super Bowl win. Sixty-three diamonds (nearly 5 carats) are incorporated into the design. Six large diamonds radiating outward from the center of the ring signify the team's six Super Bowl wins -- a first in NFL history.
Nowadays cash can be key to survival. At Entrepreneur.com, "Creative Ways to Get the Cash Flowing", details creative ways to maintain cash flow. Use the following cash flow tips from Tom Long, founder of Solid Oak Consulting: Make a Careful and Detailed Projection: Do this before you make any changes to improve cash flow. Rather than relying on accounting software, try an electronic spreadsheet like Microsoft Excel. 
Last week I had the privilege of attending an intimate three-hour roundtable discussion with the father of Word of Mouth Marketing, Andy Sernovitz at the Business Marketing Association's annual event. Andy is a fascinating guy, full of stories about how companies large and small have leveraged Word of Mouth Marketing to drive sales. It's an alluring story. Word of Mouth (WOM) Marketing has the potential for a super-sized pay-off and requires not much more than a shoe-string budget. Done well, WOM Marketing can: 
Many businesses both large and small make the mistake of trying to increase profits only by boosting volume or cutting costs. There's another vital component that - oddly - tends to get overlooked: Pricing. But this is pricing on a regular, strategic basis - not the rampant, ad hoc discounting taking place now in the face of recession. Share on:
Tags: 2009, June, Uncategorized
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