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Paraiba.com Threatens to Sue AGTA and Others for $120 Million
Claiming that "the good name of Paraíba itself has been hijacked," David Sherman, chief executive officer of Paraiba.com is threatening to sue the American Gem Trade Association and others—including the Gemological Institute of America, Brazil Imports Inc., and several individuals, including AGTA board members—for $120 million. » » »

Southwest Fine Jewelry Show Closes
Officials representing the Southwest Fine Jewelry Show said in an email that the annual jewelry trade show held at the Gaylord Texan Resort & Convention Center has shut down for good. The next show, which was scheduled for Sept. 6-8, has been canceled. » » »


Friedman’s Begins Liquidation Sale
Friedman’s Inc., which operates 455 retail jewelry stores under the Friedman’s and Crescent brands, has begun liquidating about $400 million of inventory in 377 stores. » » »

SIHH, WHPP, Other Luxury Watch shows Open
This week, the international luxury market turns its focus on Geneva, Switzerland’s traditional fine watchmaking center, as high profile luxury watch fairs open here, catering to watch retailers and industry professionals from around the world. » » »

Watch Notes From BaselWorld 2008
BaselWorld is always a world of fascinating collection of debuts, economic trends, social festivities, innovations, and celebrities. Here are a few watch notes from BaselWorld 2008: » » »

From Our Blogs

New Fortunoff Chairman Talks to JCK
Charles Chinni, the new chairman and CEO of Fortunoff, very graciously spoke with me this morning. Chinni, who has a wide range of retail experience (see below), has a full plate turning around the celebrated jewelry and home furnishing chain, which earlier this year filed for Chapter 11. He also has to integrate the new Fortunoff jewelry boutiques into Lord and Taylor, which is also owned by Fortunoff’s new parent, NRDC...
Read On »
Private Label Watches
So, I’ve been trying to acquire watch brands for the new store and think I might get what I want, but I haven’t been able to find another name brand that attacks the $400-1000 price point until I found out about private label watch ...
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New 3D Printer at Basel
The favorite toy for the modern day “techno-jeweler” continues to be the 3D printer. Jewelers are utilizing a variety of CAD programs to design fine jewelry and the obvious outlet for creative expression continues to be 3D wax patterns for investment casting...
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Trend Watch: Head Scarves & Proportions
Like them or not, they’re back: head scarves. They seem to be a throwback to the hippie-influenced looks that have resurfaced this spring. They always remind me of Mary Tyler Moore’s (or should I say Mary Richards’s) friend Rhoda Morgenstern (played by Valerie Harper) on the “Mary Tyler Moore Show” in the 1970’s...
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MORE INDUSTRY NEWS

And the Watch of the Year winner is …
It may only be April, but we already know the top watches of 2008, at least so far as thousands of Europeans are concerned. » » »

Harry Winston Q4 and Annual Sales Up 22%
Harry Winston Diamond Corp. on Monday said its fourth quarter sales increased 22 percent to $188.2 million. Consolidated earnings from operations totaled $59.1 million, a 59 percent increase over the comparable quarter of the prior year. As a result, net earnings grew to $90.4 million. » » »

ICA Announces Congress 2009 Dates
The International Colored Gemstone Association said the next ICA Congress will be held in Panyu, China, May 5-9, 2009. » » »

Franck Muller Will Hold 3 WHPP’s in 2009
Swiss luxury watchmaker Franck Muller Group will three versions of its annual watch show in 2009, instead of just one. » » »

East Coast Jewelry Hosts South Florida Benefit
The East Coast Gems of Time Invitational, sponsored by East Coast Jewelry, to benefit the Make-A-Wish Foundation event in South Florida began March 16 with a cocktail reception at the Setai Hotel in South Beach. » » »
THIS MONTH’S READER POLL
Sixty-eight percent of jewelry professionals have inventory management software systems in place, according to a JCK survey. What are main obstacles when it comes to getting businesses to automate their inventory?
The time it takes to move data to the computer
The learning curve
The time it takes to train employees on the system
The expense
All of the above

View results from last month’s poll

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