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WJC Receives 150th Signature
JCK-Jewelers Circular Keystone, 10/13/2008 
The World Jewelry Center has
signed its 150th company to reserve space in the planned international gem and
jewelry hub.
These firms who have signed letters-of-intent to occupy space for the project
in Las Vegas include every sector of the gem, jewelry, and watch industries, and
represent 24 countries on five continents, including 20 states in the U.S, WJC
officials said in a statement."The World Jewelry Center in Las Vegas has great appeal for firms looking at
the competitive edge it offers," said Bill Boyajian, WJC managing director. "The
opportunity to grow market share in the United States, the largest jewelry
consuming nation in the world, and to do it in a new, exciting center, makes it
a winning situation.">>>
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WFDB president calls for diamond-supply
reduction
National Jeweler octubre 13, 2008
 Antwerp, Belgium-In light of the current global economic crisis, World
Federation of Diamond Bourses (WFDB) President Avi Paz is asking diamond miners to cut
back on the amount of rough diamonds supplied to the industry.According to a release issued on Sunday, Paz said that the quantity
of rough diamonds marketed worldwide affects the stability of the industry and,
particularly, the industry's global bank debt.>>> |
Fashion tastes may change with the times, but the allure of the pearl is
timeless
Business Intelligence Middle East 12-10-2008.
 UAE. Commonly known as 'The City of Gold', and with transactions accounting
for 14% of the world's jewellery sales, Dubai's reputation as the key market for
those looking to buy gold and diamond jewellery is well-deserved. Even in tough
economic times, last year Dubai saw gold and diamond jewellery sales rise by 15%
and an amazing 47% respectively.Dubai was not built on gold, or even oil. In fact, its position as a trading
hub and exporter was earned from the more humble pearl, and this year's Dubai
International Jewellery Week celebrates the natural resource that gave Dubai its
first taste of prosperity. >>>
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Know - How
September Retail Figures
Cast Unease on Holiday Sales By Leah Granof Geffen 10/12/2008
 RAPAPORT...
With the global economic crisis worsening by the day and almost all major U.S.
retailers reporting losses in September, businesses are facing a dire holiday
season which could produce even more catastrophic economic results. >>> |
Cuts from Ponahalo diamond to be sold for Russell Simmons' charity
BY JAMES QUEALLY 10/10/2008
 Shine on, you crazy diamonds!
If your 401(k) hasn't completely wasted away - and you have a few extra
million lying around - here's your chance at the ultimate bling.
Two radiant rocks cut from the 316-carat Ponahalo diamond will be the
centerpiece at Christie's
next Wednesday, when the Rockefeller
Center gallery opens "Jewels: The New York Sale."
The pair of megadiamonds, weighing in at 102 and 70 carats, respectively, are
expected to draw high bids, with the larger jewel predicted to sell for $4
million and the smaller gem a mere $2.2 million. >>> |
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Gem Treatments You Should Know
By Carly Wickell, About.com
 The fact is, most gemstones used in jewelry have been treated to improve their
appearance. Treated gemstones can be a good choice, because they should
be more affordable than untreated stones that achieve their quality naturally. Do you know what the
common treatments are? Some last forever, some don't.>>>
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Diamonds: Losing Luster or
Still Sparkling?
Gold Seek - USA 10/10/2008
 Financial
world chaos and extreme market volatility have pretty much sidelined the vast
majority of the juniors in the diamond mining sector, according to RBC Capital
Markets' highly regarded diamond analyst Des Kilalea. The senior players remain
solidly in the game-albeit in a rather defensive posture-and can anticipate
strong price performance to return once the economic storm subsides. In this
exclusive Gold Report interview,
the veteran analyst also steps back to give us a fascinating Cliffs Notes
synopsis of Diamond Geology 101.>>>
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Should you rehire a former staffer?
By Suzanne DeVries October 09, 2008
 Our jewelry clients often ask us whether or not it is a good idea to rehire a
former employee.It is an issue that has started to
crop up more frequently, in light of the struggling economy and the pressing
need to bring aboard people who can step into the position and start producing
immediately.>>> |
How the Financial Rescue Bill Helps Retailers
By Shari Waters, About.com
 Not only did the U.S. Government establish a system to restore stability to
the nation's financial markets, the legislation approved by the House last week
also included two significant retail priorities that were added to the bill by
the Senate.>>> |
Fight the Retail Forecast: Customer Focus
Jewelers of America Octobr 01, 2008
Don't let the National Retail Federation's (NRF) less-than-rosy predictions
(2.2% growth) for holiday retail sales,
deflate your confidence. Now is the time to think about how you can buck the
trends. Don't focus on price, instead as we've noted again and again, your
customers will be the key.
In "How
Small Stores Can Lure Holiday Shoppers," John Tozzi of BusinessWeek.com
explains that since independent retailers can't win on price, they must leverage
their biggest advantage: personal relationships with customers and the ability
to deliver superior service.>>> |
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Economy not bad news for all retailers
National Jeweler 09 October 2008
Los Angeles-While
the majority of retailers are rocked by the current worldwide financial turmoil,
it isn't bad news for everyone, speakers at a recent retail real estate
conference said.Speakers at the International
Council of Shopping Centers' (ICSC) North America Research Conference,
speaking to executives who work in the field of retail real estate, cited
grocery store chains and electronics retailers as two of the industries
benefiting from the drop in consumer spending.>>> |
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Affluent Consumers are Spending Less
JCK-Jewelers Circular Keystone, October 13, 2008
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The worldwide economic crisis is having a profound and widespread impact on the
luxury market, according to a recent survey of affluent consumers. "Few luxury brands are going to weather this global economic crisis with
impunity," says Pam Danziger (pictured), president of Unity Marketing research
firm.
The Stevens, Pa.-based firm, which specializes in the luxury market,
conducted its first survey of the luxury consumer mindset since the bailout and
historic stock market decline on Oct. 3. The survey of 1,200 affluent consumers
at the top 20 percent of U.S. households (average income $209,500) was field
Oct. 3-8.>>> | |
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