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Bradley Stinn Convicted of Fraud
A federal jury in New York Monday convicted Bradley Stinn, the former chief executive officer at Friedman’s, Inc. and its affiliate, Crescent Jewelers, of securities fraud, mail fraud, and conspiracy, for his participation in what federal prosecutors call a "massive accounting fraud scheme designed to inflate Friedman’s financial performance." » » »

More Fake Rough Diamond Crystals Reported
The Gemlab Research Newsletter dated March 23 reports that more fake diamond crystals, “ingeniously designed rough diamond imitations,” have appeared in the trade. » » »


Jewelry Television Sues Lloyd’s of London
Jewelry Television is suing Lloyd’s of London to recover millions of dollars in jewelry the cable retailer claims were purchased through an account owned by the Office of the Comptroller of New York City. » » »

Dalumi Launches Jewelry Design Competition
The Dalumi Group is hosting its first “When The Source Turns Into Inspiration” jewelry design competition, setting the stage for new talent to shine. Entrants are invited to create either a themed collection or a single piece expressing feminine allure, using Dalumi's flagship "Yellow-Shade Diamonds" as inspiration. » » »

Movado Q4 Sales Down 2.6%; Names New CFO
Movado Group Inc. reported that net income for the fourth quarter increased to $19.6 million, from $14 million a year ago. The result included one-time-accrual of $15 million or $8.9 million of excess discontinued product sales. On an adjusted basis, the company's net income came in at $10.78 million, up from $11.36 million a year ago. » » »

From Our Blogs

More on the Forevermark
The "Forevermark" seems to be assuming a greater and greater importance in De Beers-land. An alert correspondent noted some interesting points in this release, about the 42-carat Forevermarked stone Rosy Blue is displaying in Basel:...
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De-Junking
Spring—the season of renewal—brings visions of warmer days, brighter sun, budding trees and new flowers. It also means it’s time for spring cleaning. Depending on your outlook, this is either a chore or an opportunity. While nobody likes washing windows or swabbing out the kitchen cabinets, the opportunity to sort out, pare down, and get rid of things you no longer need is good for both your psyche and your taxes. In a jewelry store, spring is also a good time to do some cleaning. Apart from the physical plant—yes, we’re talking windows and light fixtures and the pile of old boxes in the stockroom—there’s also a good opportunity to clear out the safe and get rid of stale merchandise. Here are some ideas:...
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Owners Salaries
As a relatively new owner, at this time I am not taking a single penny from my store. I am fortunate my husband has a great job and works hard to support our family. I hate the fact I work between 60-70 hours a week and have nothing to show for it—but in due time I will. I just have to remind myself this at least 5 times a day or so...
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Customer Watch: High-Set Ears
In teaching my new Jewelry Savvy Workshops, I have been pulling together a wealth of images that explore the differences in physical features from one person to the next. One surprising result is the realization of the extreme range of differences in the height of the ears...
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MORE INDUSTRY NEWS

Sotheby’s New York Magnificent Jewels Sale
Sotheby’s spring sale of Magnificent Jewels in New York on April 17 will offer high quality white and colored diamonds and a selection of signed jewelry, including both classically styled and contemporary pieces. The sale will also include Van Cleef & Arpels jewels from the Estate of Rita K. Hillman. » » »

Proposal to Train Disabled Vets as Watchmakers
The new “War Veterans Watchmaker Initiative” of the American Watch Guild, a group of a fine watch retailers and suppliers, aims to help veterans of America’s wars see watchmaking as a productive career, and to persuade the U.S. watch and jewely trades to provide apprenticeships, scholarships, and jobs for them. » » »

Fake Tiffany Jewelry to be Scrapped
More than 9,000 items of fake Tiffany jewelry is headed for the scrap heap in England. » » »

Consumer Confidence Index Falls 12 Points
The Conference Board Consumer Confidence Index, which had declined sharply in February, fell further in March. The Index now stands at 64.5 (1985=100), down from 76.4 in February. » » »

JA Names Winners of Design Competition
Jewelers of America named the winners of its 18th annual Affiliate Design Competition, held during the JA New York Show, March 9-11. Designers from Missouri, Oklahoma, Texas, and Wisconsin took home first place prizes in four categories: $1,000 and under; $1,001-$3,000; $3,001 and over; and a Buyer’s Choice Award. » » »

IDL to Open Lab in Istanbul
International Diamond Laboratories said Thursday that it will set up a laboratory in Istanbul at the headquarters of the Istanbul Chamber of Jewelry. The IDL lab will be the first of its kind in Turkey. » » »

GIA Trip to Asia's Cultured Pearl Industry
Only a few places are left for the Gemological Institute of America Alumni Association’s trip to the Pacific Rim on Sept. 6 – 18 to explore the lands where some of the finest and most lustrous cultured pearls are grown. » » »

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