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January 14, 2009
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TOP STORIESShane Co. Files Chapter 11 Birks & Mayors Holiday Sales Down 31% #Ad:2054_v2_Pos2_336x280#
JSA Hails ‘Cooperation’ With Law Enforcement Vicenzaoro First Opens Giant Tanzanite to be Displayed in Tucson From Our BlogsCutting Remarks by Rob Bates Notes on Shane Yesterday’s Shane and Co. Chapter 11 filing had been rumored for at least six... Read On » Cutting Remarks by Rob Bates Layoffs at Hearts on Fire Well, we may have to get used to this kind of announcement... Hearts on Fire l... Read On » Style 360 by Carrie Soucy Golden Globe Hits and (Many) Misses I really hate those fashion reports on cable television where a bunch of catty &ldq... Read On » Style 360 by Jennifer Heebner Live From Vicenzaoro The Vicenzaoro First jewelry fair opened on Sunday, and styles and price points by ... Read On » MORE INDUSTRY NEWSN.Y. State Comptroller: Industry Should Sound Off About Luxury Tax 2009 Opens with Chain Store Sales Down 2.3% AGA Tucson Event Update Memos Seminar, Gold and Silver Guide at JA/NY Watch Phone Unveiled at Electronics Show Revere Academy's 'Green' Jewelry Class |
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Shane Co. announced that it has filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court in Denver 
Birks & Mayors said Monday that net sales during the fiscal 2009 holiday season decreased 31 percent to $66 million, compared to net sales of $95.9 million during the prior year's holiday season. The Company also reported that same store sales during this period fell 26 percent, which was comprised of a 31 percent decrease in the U.S. and a 19 percent decrease in Canada. 
Crime in the jewelry industry has been kept under control because of the industry’s “unprecedented” cooperation with law enforcement, speakers noted at the Jewelers Security Alliance’s annual luncheon, held Saturday at the Rainbow Room in New York. 
VICENZA, Italy — While Italian jewelry exports dropped more than eight percent through the third quarter of 2008, the Vicenzaoro First fair opened on a somewhat promising note. 
The largest tanzanite ever discovered has been cut and polished and will be on display at AGTA GemFair Tucson. 
Noting that New York State’s new budget included a “luxury tax” on jewelry items, New York State Comptroller Thomas DiNapoli urged the industry to make its voice heard at the Jewelers Vigilance Committee’s annual luncheon, held Friday at the Waldorf Astoria in New York. 
Weekly chain store sales declined 2.3 percent for the week ending Jan. 10, according to the International Council of Shopping Centers, Inc. and Goldman Sachs weekly sales index. In addition, sales on a year-over-year basis continue to struggle and declined by 2.2 percent. 
The Accredited Gemologists Association annual Tucson Conference will be held at the University Park Marriot Hotel on Feb. 4. 
The Jewelers Vigilance Committee and The Jewelers Board of Trade present a seminar on memo transactions and JVC will answer questions about precious metals markings on Jan. 19 during the JA/NY Show. 
LG Electronics unveiled what it claims is the world's first market-ready touch-screen watch phone at the International Consumer Electronics Show, which ended Sunday, in Las Vegas. 
The San Francisco-based Revere Academy of Jewelry Arts is offering its second Green Jewelry class on March 7. 
