JCK eWednesday - December 27, 2006

Dear Reader,

Online spending exceeds expectations while other retail sectors fail to meet forecasts. Seiko and Stuller make appointments. GIA Museum receives a new gift. And, jewelry to be a major focus of upcoming trade show.

1. Jewelry and Watches Fuel Record Online Holiday Spending
2. Holiday Spending Falls Short of Expectations
3. Seiko Corp. of America Gets New President
4. Bowman Named VP of Mountings at Stuller
5. GIA Museum Receives Turkish Diaspore
6. Macef Show to Include Bijoux Exhibit Area

For more news and updates, please go to www.JCKonline.com.

1. JEWELRY AND WATCHES FUEL RECORD ONLINE HOLIDAY SPENDING
Growth in online retail this holiday season has been primarily driven by significant spending increases in both high-ticket and popular gift categories, comScore Networks reports. The high-ticket category experiencing the highest gain over the prior year was Jewelry & Watches with a 66 percent increase. To read more click here.

2. HOLIDAY SPENDING FALLS SHORT OF EXPECTATIONS
Visa USA, the credit card company, said yesterday that it would lower its forecast for holiday spending, The New York Times reports. Based on purchases by credit and debit card holders, Visa said sales rose 6.5 percent in November and December, compared with the same period last year, down from its initial forecast of a 7.5 percent gain. To read more click here.

3. SEIKO CORP. OF AMERICA GETS NEW PRESIDENT
Masato Nakaoda, president of Seiko Corp. of America since June, is leaving SCA to return to Tokyo, Japan sometime in the next few weeks. There, he will begin a new assignment at Seiko Corp., the parent firm, contributing to the brand building of some of the company’s other product divisions, including clocks, opticals, and jewelry. To read more click here.

4. BOWMAN NAMED VP OF MOUNTINGS AT STULLER
Stuller Inc. named Charles L. “Chuck” Bowman business vice president of Mountings at Stuller, Inc. To read more click here.

5. GIA MUSEUM RECEIVES TURKISH DIASPORE
The Gemological Institute of America received a 24.60 ct. step-diamond cut, color-change Turkish diaspore that is marketed as Zultanite. The gem was donated by Zultanite Gems LLC and will become part of the Institute’s permanent Museum collection. To read more click here. 
 

6. MACEF SHOW TO INCLUDE BIJOUX EXHIBIT AREA
The January edition Macef, the International Home Show, in Milan, Italy, will include the Bijoux exhibits, home to designers and jewelers from around the world. To read more click here.

That's all for today!

Yours,
The Editors of JCK eWednesday

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