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JCK Magazine: November 1, 2003

JCK Magazine: November 1, 2003

People on 47th Street were shocked by the arrest of an elderly gem dealer in conjunction with a scheme to sell missiles to terrorists. Yehuda Abraham, 76, of Ambuy Gem Corp., was arrested in August and charged with conspiracy to operate an unlicensed money transmitting business, a felony. Court...
U.S. retail sales for November and December should rise 5.7% over last year's figures, to $217.4 billion. That's the forecast from the National Retail Federation (NRF), which, if accurate, would make this year's holiday showing the best since 1999, when general merchandise sales in the two-month...
During a segment broadcast Sept. 16, ABC TV's Good Morning America visited the International Gemological Institute's New York City diamond lab to see firsthand how laboratory gemologists would test for synthetic diamonds. Consumer correspondent Greg Hunter provided three stones for testing—two...
It's official. Hong Kong will return to Switzerland's BaselWorld trade show, as reported in July by JCK. The Swiss government also has apologized for banning Hong Kong exhibitors this year from the show. Officials of the Swiss and Hong Kong governments, the Hong Kong Trade Development Council (...
The World Gold Council unveiled its fall 2003 advertising campaign Sept. 10 in New York during a special presentation in the secret wine cellar at the 21 Club. Michael Barlerin, World Gold Council managing director for the Americas, said the location was particularly appropriate because the ad...
A Florida man was convicted of armed robbery and sentenced to life in prison in Hinds County (Mississippi) Circuit Court, The Clarion-Ledger of Jackson, Miss., reported. Omar Jackson, 33, of Opa-Locka, was convicted of the Sept. 18, 2001, armed robbery of Albriton's jewelry store in Highland...
Needless Alarm Mr. Dallahan's claim that the branding of diamonds is bad for the retail jewelry business raises needless alarm. (See "Branding Again," JCK, July 2003, p. 38.) We are in a unique place in our history, facing unique challenges and opportunities. It is important that we see clearly...
A recent conversation with a member of the industry who deals with the "majors" inspired me to write about a critical issue that needs to be addressed: the business of copying designs. The discussion focused on new-product development and how it apparently has become routine for buyers from major...
The newly elected president of the Cultured Pearl Association of America (CPAA), Armand Asher of Albert Asher South Sea Pearl in New York, says his first order of business is to help the organization become more visible. "First and foremost, we need to make the CPAA more recognizable," says Asher...
Jewelers of America's bimonthly newsletter, The J Report, now includes a four-page pullout called "Counter Points" that covers the latest gemstone and jewelry news. The July/August 2003 issue covered the new beryllium bulk diffused sapphire, and the September/October 2003 issue covers cultured...
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It looks Majestic. Will look forward for more information about this...

Hopefully it works out for him and helps our industry grow.

a good step in the right direction.

It is good news. you can now buy a number of Swiss watch brands...

How long would that take to grow?