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May 19, 2008
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TOP STORIESKath Resigns as Jewelers Mutual President, CEO Houston a Hotbed for Armed Jewelry Robberies  Special Events at JCK Las Vegas NRF: April Retail Sales Show Resiliency World Record for a Color Diamond  From Our BlogsDiamond Shavings: Your Friday Web Roundup (Live from China Edition)
Due to my travel schedule, this is everything I could find as of Friday morning (China time)... Read On » Shanghai Blogging: World Diamond Congress (Day Two) Highlights and notes from the second day of the World Diamond Congress:... Read On » What Do Your Clients Really Think of Your Store? The million dollar question—why do clients repeatedly visit your store instead of others? I have asked this question to numerous jewelry store owners and among the top answers are:... Read On » Customer Watch: The Live Version Without Retouching In my blog, I’ve commented previously about a situation where the jewelry being touted does not appear to me that it will fit on the celebrity being styled. And last week, I talked about the silliness of putting the head of a celebrity on a body type not her own in assessing what styles would work for her... Read On » MORE INDUSTRY NEWSTwo Patek Watches Fetch $7.3 Million Ira Bergman Joins The Gordon Company Tiffany Elects Two Board Members VSA Names Top Retail Partners Wealthy Consumers Rate Luxury Web sites Macy's Same-Store Sales Down 2.6% Wealthy Women in Charge of Buying Decisions |
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Darin L. Kath has resigned as president and chief executive officer of Jewelers Mutual Insurance Co., after only a year, to head another insurance company. He informed Patti Geolat, who has chaired Jewelers Mutual’s board of directors for eight years, on May 12. The board accepted his resignation, May 13. 
JCK Las Vegas, May 30 - June 3, will include a number of special of special events. They are as follows: 
Retail industry sales for April (which exclude automobiles, gas stations, and restaurants) rose 2.3 percent unadjusted over last year and 0.6 percent seasonally adjusted month-to-month, according to the National Retail Federation. 
A blue diamond of 13.39 cts. became the most important color diamond sold at auction anywhere in the world during the past 10 years, according to Christie's. Offered at auction house's Geneva location on Wednesday, it achieved a world record price of $8.9 million. 
Ira Bergman, the former president of the jewelry division of M. Fabrikant & Sons and Fabrikant-Tara International, has joined The Gordon Company as director of Business Development. 
Tiffany & Co. said Thursday that its shareholders elected Lawrence K. Fish and Peter W. May to its board of directors. They join seven incumbent directors who were re-elected. 
Victorinox Swiss Army named Moyer Fine Jewelers its 2007 Independent Retail Partner of the Year. This honor was officially presented to Bill O’Brien and Dan Moyer of Moyer on May 7. 
High net-worth consumers rated Net-a-Porter the most prestigious luxury e-tailer, according to a Luxury Institute survey. 
Macy's, Inc. reported Wednesday that sales in the first quarter totaled $5.74 billion, a decrease of 2.9 percent compared to sales of $5.92 billion in the same period last year. On a same-store sales for the quarter ended May 3 were down 2.6 percent. 
Married wealthy women on average make almost two-thirds of a family's purchase decisions, according to a Luxury Institute survey of women from households with $150,000 or more in annual income. 
