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LID New York to Sell Assets
The New York office of LID, currently operating under Chapter 11 bankruptcy protection, plans to sell most of its assets in a “363 sale” and has “no plans to remain open,” according to the company’s restructuring officer. » » »

Abramov Resigns from HOTJ, Rose Takes Over
House of Taylor Jewelry, Inc. on Thursday announced the appointment of Lyle M. Rose as president and chief executive officer of the jewelry company, effective immediately. He replaces Jack Abramov who the company said resigned as chairman, president, and chief executive officer for personal reasons. » » »


Finlay Receives Two Delisting Warnings
Finlay Enterprises, Inc. on Tuesday announced it received notification from The Nasdaq Stock Market that it is not in compliance with the continued listing requirement of Nasdaq Marketplace Rule 4450(a)(2) because, for the last 30 consecutive trading days, the company's common stock has not maintained a minimum market value of publicly held shares of $5 million. » » »

Signet Reports Sales Up, Profit Down
Signet Group plc said Wednesday that its sales and earnings declined for the fiscal year, ended Feb. 2. » » »

BaselWorld Ends With Record Attendance
BaselWorld, the world’s largest and most influential watch and jewelry show, ended its 2008 edition Thursday with its largest-ever attendance, erasing fears that the sub-prime crisis, high price of gold and the weak dollar would affect attendance and business. » » »

From Our Blogs

Diamond Shavings: Your Friday Web Roundup (Live from AGS Edition)
Seattle is very nice, and the AGS Conclave very interesting … Here now the news...
Read On »
The Store Tour
March’s Indesign Magazine had an article called The Quick Store Tour—detailing 7 steps of how to give a store tour and how this stage of a sale can improve execution...
Read On »
AGS Blogging: Weathering the Downturn
I don't have to tell most of you that this industry is in a downturn. Even at the AGS Conclave, whose high-end members have generally proven pretty resilient, there is not the spirit I have seen in previously years. Consider this: Signet apparently just had its first sales decline in 15 years. Stuller's recent layoffs were apparently the first in its history. In the first three months of the year, we have already seen one Chapter 11 filing (Fortunoff) and one liquidation (Friedman's.) This is a tough climate...
Read On »
Customer Watch: Inspiration and the Celebrity Factor
Inspiration. It can be elusive, as I find from time to time, staring at a blank page on my computer screen at 2:00 a.m. It can show up at the oddest time, while I am in the shower, driving on the freeway, or yes, bolting awake at 3:00 in the morning. HP has a clever “What do you have to say?” campaign and commercial running now where singer Gwen Stefani muses about the creative process and how serendipitous it is...
Read On »

MORE INDUSTRY NEWS

JCK Launches Tradeshow in Vancouver
Reed Exhibitions has launched Collections by JCK, which will take place for the first time Sept 24 & 25, at the Vancouver Trade & Convention Centre. The show promises to bring together the western Canadian and northwest U.S. jewelry marketplace. » » »

Employee Admits Stealing $1.2M in Jewelry
A Marietta, Ga., woman is charged with stealing more than $1 million from two jewelry stores where she was an employee, the Atlanta Journal-Constitution reports. » » »

Gold Jewelry Demand Up 5% in 2007
Global demand for gold used for jewelry fabrication rose by more than 5 percent in 2007, according to a report on the precious metal released Wednesday. This was one of the main conclusions of, which was launched today at events in London, Johannesburg and Toronto. » » »

March Chain Store Sales Down 0.5%
March chain store sales fell by 0.5 percent year-over-year on a comparable store basis, according to the International Council of Shopping Centers, Inc. » » »

Online Retail Sales to Reach $204 Billion
Retail sales are expected to rise 17 percent this year to $204 billion, according to an annual survey of online retailers. » » »

Deadline to Apply for DIVA Awards is April 18
For the second consecutive year, Platinum Guild International is sponsoring the 12th annual Women’s Jewelry Association's DIVA Awards design competition. » » »

Antiquorum Accuses Ex-CEO of Fraud
Antiquorum Auctioneers SA is alleging that the company's former co-founder and chief executive officer was involved in fraudulent activities at the high-profile watch-auction house. » » »
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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