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Luxury Index Drops to Historic Low
Luxury consumer confidence at the beginning of 2008 has never been lower, according to a survey of luxury consumers. » » »

Friedman's Files for Chapter 11
Following a petition by debtors to force it into Chapter 7, Friedman's Jewelers has filed a motion to convert its case into Chapter 11. The motion was granted by the U.S. Bankruptcy Court, District of Delaware. » » »


De Beers to Reopen S.A. Mines
De Beers said it will resume production at most of its six diamond mines in South Africa Tuesday. De Beers Consolidated Mines suspended its operations in the country Jan. 25 because of a nationwide power shortage. » » »

ICA to Launch Trade Show in Dubai
The International Colored Gemstone Association said Monday that it will launch the ICA International Gem Fair Dubai 2008, to be held under the patronage of the Dubai Multi Commodities Centre and supported by the ICA GemBureau Middle East. The show, which will be the region's first-ever dedicated colored stones trade fair, will be held in Dubai, Oct. 13-15. » » »

Irradiated Gemstones Seminar in Tucson
The Jewelers Vigilance Committee and the American Gem Trade Association are presenting “What You Need to Know About Irradiated Gemstones from the NRC” at the AGTA Gemfair, Tucson, Ariz., on Feb. 8. It will be held at 8:30 a.m. in the Leo Rich Theater in the Tucson Convention Center. The seminar will review the rules for distributing irradiated gemstones in the U.S. » » »

From Our Blogs

I’ve Hyped-Up the Ultimate (HOF), but They Can’t Afford it…Now How Do I Make Everything Else Look Good Too?
One of my staff member’s who has been to Hearts on Fire University is training the others on giving a 2 minute Hearts on Fire presentation (I want everyone ready and geared up for Valentine’s Day). While they were role playing—one staff associate asked, “If the customer flinches at the price and really says, this is not something for them….How do I make everything else look just as good when I’ve gone on to talk about how important cut is and that Hearts on Fire are The World’s Most Perfectly Cut Diamond?”...
Read On »
Friedman's: A "Change of Thinking"?
I spoke to a banker the other day who said the Friedman's case showed "a change of thinking" at the wholesale level. "It shows the trade is saying we've had enough, that we're not going to just take [BS] from the retailers anymore," this banker said...
Read On »
P.S. Hilary Swank Loves Bochic
Now, Hilary Swank is a tiny bit of a thing with a whole lot of talent, on that we can all agree, but what about the jewelry? Was this the right choice for her red carpet walk at the premiere of "P.S. I Love You"?...
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Jeffrey Bilgore Takes Home Five 2008 AGTA Spectrum Awards
Jeffrey Bilgore, LLC received five awards in four different categories at the 2008 AGTA Spectrum Awards. Have a look at the stones and jewelry that took AGTA by storm...
Read On »

MORE INDUSTRY NEWS

Women Want Diamonds for Valentine's Day
Women's expectations for a romantic Valentine's Day will be mostly unfilled, according to a Jewelry.com survey. » » »

Jewelry to Fall Slightly as Valentine's Day Gift
The average consumer plans to spend $122.98 on Valentine’s Day, similar to last year’s $119.67, according to a National Retail Federation survey. Total spending on Valentine’s Day is expected to reach $17.02 billion. » » »

Diamdel Completes First Diamond Auction
Diamdel, a sales unit of De Beers, said it has completed its first online auction for rough diamonds Monday. » » »

Eli Haas New JVC Board Chair
Eli Haas, president of ENH International, Inc. was named the new chairman of the Jewelers Vigilance Committee Board of Directors. Haas and other members of the board were introduced at JVC's annual luncheon, held recently at the Waldorf-Astoria in New York City. The new board was ratified prior to the luncheon. Their terms will expire in 2009. » » »

Chinese New Year in Tucson
The National Chinese America Jewelry Association will again host and sponsor its annual Chinese New Year parties in Tucson during the February Tucson gem and jewelry shows to promote solidarity within the community of Asian American Jewelers and interactive relationships with international dealers. » » »

GIA Offers Lab Services at Tucson Show
The Gemological Institute of America Laboratory is offering a “Show Service Lab” at the Worldwide Gem and Jewelry Show in Tucson, Ariz., Feb. 6 – 11. » » »

Portuguese Gem Newsletter Launched
The first edition of a new Portuguese language newsletter dedicated to gemmology, gems, and jewelry has been launched to fill the gap in the Portuguese trade and consumer media, according to its founder. Called Portugal Gemas, the newsletter will be produced on a quarterly basis and be distributed electronically in PDF format. » » »
THIS MONTH’S READER POLL
How did the 2007 holiday season compare with 2006?
Sales up more than 10%
Sales up between 5% and 10%
Sales up less than 5%
Sales flat with 2006
Sales down less than 5%
Sales down more than 5%

View results from last month’s poll

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