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What's new
If you are going to the New York JA show,
please make sure to attend the Online Retailing Forum. This Forum
in part has been sponsored by GemFind.
The National Jeweler Network Online Retailing Forum
is an invitation-only event for independent jewelry retail
executives. The academically-based forum is geared to foster
thought leadership and forward-thinking ideas to help retailers
solve current and future business challenges. The event
is positioned to address the strategies, processes, and
technologies/services surrounding key online transactions for
jewelry retailers including distribution, marketing and
merchandising.
For more information, call them today.
1-800-373-4373 or visit: http://www.njnonlineretailforum.com/
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Family assets to be seized in Fabrikant case
National Jeweler June 23, 2008
 New York-A bankruptcy judge has authorized U.S.
marshals to take all necessary steps to seize the assets of the
ex-owners of M. Fabrikant and Sons, including, if need be, busting
into their apartments on Fifth Avenue and Park Avenue in Manhattan.
The order was issued on June 18 in response to a
complaint filed in U.S. Bankruptcy Court in New York last week by
the "shared assets trust," consisting of Fabrikant
lenders and creditors. >>>
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Antwerp Introduces Newest Hearts & Arrows
Measuring System
By Jewelry
News , June 19, 2008
Hearts and Arrows by HRD Antwerp' is the new
objective measuring system for Hearts and Arrows developed by HRD
Antwerp scientists. It will be implemented in the grading services
provided by the HRD Antwerp - Diamond Lab, which issues one of the
world's most respected diamond certificates.
The newly developed automatic measuring device and software
provides objective criteria and repeatable results, according to
which HRD Antwerp can now determine with more accuracy whether a
diamond meets its 'Hearts & Arrows' standard. >>>
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GemFind.com
...Is Launched
The network that lets consumer search for diamonds
online and then see it in person at a Local Jewelry Store
Join GemFind today before your competitor
does
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Gold: Don't count on $1,000
By
Paul R. La Monica, CNNMoney.com editor at large June 20, 2008
 NEW YORK (CNNMoney.com) -- Don't look now but the
price of gold is back above $900 an ounce.
Gold, which typically rises during times of economic uncertainty
and inflation, hit an all-time high of more than $1,030 an ounce
back in mid-March.
The price started to slip soon after that as credit crunch fears
subsided. But it has been back on the rise this week partly due to
the dollar's weakness and stubbornly high oil prices. >>>
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Jewelry Web Traffic Rose 9% from April to May
By
Jeff Miller June 18,2008
 RAPAPORT... comScore Inc. reported an increase
in online activity between April and May, which was driven by
Mother's Day, and gave the jewelry and luxury goods sector a boost
in visitors.
Content categories showing gains in traffic from April to May
included a 15 percent jump in visitors to floral related websites;
an 11 percent jump in coupon gifts sites; and a 9 percent increase
in jewelry / luxury goods websites. >>>
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A birth of a new clarity grading system-GIA.
The GIA clarity grading system was proposed and
developed by Richard T. Liddicoat in 1952 when he was the president
of the GIA. He worked on this system with the support of Lester
Bensen and Joe Phillips and was assisted by Robert Crowningshield
and Bert Krashes. >>>
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Diamonds or Oil, Is a Cartel Forever?
New
York Times, June 23, 2008
 The diamond cartel has survived more than a century,
making it what Edward Jay Epstein calls "the most successful
cartel arrangement in the annals of modern commerce." The
DeBeers cartel has kept prices of diamonds artificially high by
limiting supply (and by creating demand through marketing like its
1947 slogan, "A diamond is forever.") >>>
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Blue Nile Sees Diamond Handwriting On The Wall
By Barry
Gutwein on June 19, 2008
Forbes yesterday reported that Diane Irvine, CEO of
online jeweler Blue Nile (nasdaq: NILE), said at a conference in
Chicago on Wednesday that the company is focusing on expansion into
the international market, particularly Europe and the Asia-Pacific
region. International sales for Blue Nile were up 112.5% to $17.0
million in 2007 over the year prior. "Over the long-term, we
believe international will be half or more of our total
business," Irvine said. >>>
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Worried
about jewelry crime? Try networking
National Jeweler June 20, 2008
 New York-To make sure that jewelers keep their eyes
and ears open about security incidents involving their peers, the
Jewelers' Security Alliance (JSA) has partnered with Jewelers
Mutual Insurance Co. and Jewelers of America to organize hundreds
of local crime-prevention networks. Jewelers who are members of the
local networks will share with other member jewelers information on
crimes, suspects and suspicious circumstances, and will also work
closely with local police. >>>
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Palladium branding campaign heats up
National
Jeweler Junio 18,2008
 Las Vegas-The jewelry industry got its first glimpse
of the initial branding phase for palladium-a white, light, natural
metal slated as the last major development in precious
metals-during Las Vegas market week last month. >>>
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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 and tell them you are
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GemFind's $100 Meet or Beat Guarantee and ask for
Jim Kilcoyne at Ext. 4957.
*
Offer is subject to change at any time.
For
more info, please click here
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Hong Kong Show Opens with Record No. of
Exhibitors
By
Jeff Miller June 20, 2008
 The Hong Kong Jewellery & Watch Fair opened
yesterday with a record 1,290 exhibitors. The show expanded floor
space to accommodate more than 2,300 booths. "The
purchasing power of Asian buyers is getting stronger in recent
years owing to the economic growth in some Asian countries such as
China and India," said Celine Lau, director of jewellery fairs
at CMP Asia Ltd. >>>
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'James Bond' Rolex surprises at auction
Jewelry
News June 19, 2008
 Heritage Auctions Inc.' latest auction brought in $1.4
million on 667 lots, including $107,550 for a "James
Bond" Submariner Rolex Watches. The auction, Heritage's most
recent Fine Jewelry and Timepieces Signature Auction, was held on
May 20 in Dallas. >>>
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N.J. jewelers blindsided by used-jewelry bill
By
Teresa Novellino, June 23,2008
Newark, N.J.-New Jersey jewelers are scrambling to have their
voices heard by state lawmakers after belatedly learning of pending
legislation that would require retail jewelers to maintain detailed
records and photos of all jewelry they buy from
consumers.Introduced on May 12 and slated for a vote as early as
today, New Jersey State Assembly Bill A 2712 was designed to make
it harder for criminals to fence stolen jewelry. >>>
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