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Last month I discussed margins. This month it's the other "M"-memo. The industry has a love/hate relationship with it. It has a bad name because suppliers think retailers abuse it; because it doesn't protect the interests of the supplier in case of a retailer bankruptcy; and because suppliers never seem to make enough money on memo to justify it. But memo can be an effective tool for both parties-if used properly. 
A new organization has formed designed to promote and support ethical business practices within the trade, according to a news release.The organization--the Jewelers Ethics Association (JEA)--will provide information, education and mediation for consumers and the industry. Membership in the JEA is open to all members of the trade, as well as consumers, according to the release. 
In June, Jewelers of America announced it would be restructuring its relationship with its affiliate associations, in order to improve its direct support to JA members. It presented the state and regional jewelers associations with revised agreements that reflected a better business model while still providing support to those that remained aligned with JA. 
Bling-bling earrings were the primary jewelry theme of the night, not unusual for an MTV awards show, but simple pendants and other necklaces were popular, too. The award for most unusual attire probably goes to Lady Gaga.
Mad Men may have snagged one of the top series nods at last night's 61st Primetime Emmy Awards, but the show's over-the-top, much-buzzed-about jewelry wardrobing seemed to have little influence on the styling choices of modern-day television actresses. 
Although it also applies to traditional brick and mortar jewelry retail stores, the surge of e-commerce through the advancing internet infrastructure and a significant decrease in overhead costs enable many entrepreneurs to start their own businesses online. 
As most of you probably already know, Israel is one of the world's major diamond centers, along with Belgium, Hong Kong, the United States and India. In 2008, the Israeli diamond industry exported some $6.2 billion worth of polished diamonds and some $3.4 billion worth of rough diamonds to various destinations around the world. To date, there are over 2,000 diamond companies, factories and traders operating in Israel. 
If you're unsure which cutting-edge e-commerce innovations are right for your operation, plan, test and evaluate results -- and then move forward. Don't let that uncertainty bog you down. Take a look at what real-world retailers are doing, and figure out how to go them one better online. Better yet, offer customers something they could never hope to find in a brick-and-mortar store. 
GemFind
Peace on earth may not be attainable, but peace in the workplace is a must if you want your small business to thrive. Avoiding conflicts entirely is impossible, but a good manager can resolve conflicts and keep them to a minimum. All you need is to put a plan in place to help prevent conflicts from arising in the first place and to resolve them when they do crop up. Keeping a peaceful work environment benefits both employers and employees by: 
The rules of email etiquette are not "rules" in the sense that I will come after you if you don't follow them. They are guidelines that help avoid mistakes (like offending someone when you don't mean to) and misunderstandings (like being offended when you're not meant to). These core rules of email etiquette help us communicate better via email.
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GemFind: Diamond Search, Web Development, JewelCloud , ring builder, stud builder, pendant builder 2009-09-22
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Tags: 2009, September, Uncategorized
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