Trade Resources
De Beers Allows U.S. Companies to Bid in Online Auctions
Global diamond conglomerate De Beers, banned from doing business in the United States since 1948, allowed American companies to participate in their online diamond auction for the first time on April 28th, 2014.
U.S. Antique Shows Partners With Polygon in 2014
NAPLES, FL (April 22, 2014) – U.S. Antique Shows, the world’s largest producer of indoor antique shows, recently announced their latest partnership with Polygon for their 2014-15 antique jewelry and watch shows. Polygon is an online community and trading platform for jewelry professionals, where members trade diamonds, jewelry, colored stones, watches, estate pieces, and more.
Jewelers Board of Trade Introduces Credit Rating Monitoring for Retailers
The Jewelers Board of Trade, which describes itself as “the only organization dedicated solely to providing credit reporting, collections and marketing services to the jewelry industry”, has introduced a subscription-based program allowing retail jewelers to monitor their JBT credit rating score on a monthly basis.
Two 160 Carat Diamonds Discovered at Letseng Mine in Lesotho
Two rough diamonds, each in excess of 160 carats, have been extracted in “largely undamaged condition” from a mine located in the tiny nation of Lesotho, a landlocked country in the middle of South Africa.
Signet Jewelers To Acquire Competitor Zale Corp. in $1.4 Billion Deal
Signet Jewelers - parent company of the largest jewelry retail chain in the United States, Sterling Jewelers – has made an offer to buy Zale Corp., their largest competitor, in an acquisition expected to be worth $1.4 billion.
GIA Introduces Device Able To Identify Synthetic and Treated Diamonds
The Gemological Institute of America has developed a device for the screening and detection of synthetic diamonds and diamonds that have been modified using high-pressure, high-temperature (HPHT) methods.
Benefits of a Virtual Inventory System for Retail Jewelers
In today’s competitive retail jewelry industry, traditional brick-and-mortar jewelers are continually challenged to improve every aspect of their business operations. Expanded product offerings, better customer service and the development of an online presence are areas that demand particular attention. One of the most effective ways retail jewelers can address all of these challenges is by integrating a virtual inventory system with their current website or social media profile.
Recently On My Email Blast I Sent Out An Email Titled "Your Store Is Nothing But Numbers": David Geller
A store manger emailed me and asked some questions. Here's the managers question and my response below (names have been removed to protect the innocent).This is key to making a store profitable and increase sales at a LOW or almost ZERO cost.
Some Things To Say To Customers With Silver Repairs Or Custom Designs
I just had a jeweler ask me about how to handle a customer with a silver ring sizing, and another jeweler emailed me about a silver custom letter pendant sale he lost. The first jeweler had a customer bring a silver ring for sizing and her response was "That's more than I paid for the ring."
GIA Introduces New Report Format
On January 1, 2014, the Gemological Institute of America introduced a new format for the organization’s gem identification and diamond grading reports, which will be used for all new grading and identification documentation provided by the Institute.