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February 2, 2009
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TOP STORIESJewelry a Popular Gift for Valentine’s Day Bulgari: Poor Q4 Leads to 2008 Sales Decline #Ad:2054_v2_Pos2_336x280#
Swatch Group Net Sales Up 1.9% Pink in Tourmalines from Natural Irradiation Lillian Ross, Co-founder of Ross-Simon, 88 From Our BlogsCutting Remarks by Rob Bates De Beers Shelves "Out of Sight" Plan I wrote on Tuesday about De Beers' plan to sell to non-sightholders, and some of th... Read On » Cutting Remarks by Rob Bates More on Generic Marketing for Diamonds Last week, De Beers MD Gareth Penny gave sightholders a brief update on the efforts... Read On » Jewels on Jewels by Cynthia Sliwa Customer Watch: Jewelry for a Client with Port Wine Stain Birthmarks I recently had the privilege of provided an image consulting consultation to a young ... Read On » Cutting Remarks by Rob Bates De Beers Goes Out of Sight Probably the most interesting part of last week’s speeches from De Beers exec... Read On » MORE INDUSTRY NEWSLJRG Honored for Employee Development MJSA Expo NY Offers Seminars for Tough Times GIA at Tucson Gem Shows Online Diamond Exchange Launched Reactor to Sponsor Fishing Championship |
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Consumers plan to spend an average of $102.50 on Valentine’s gifts and merchandise, down from last year’s $122.98 per person, according to a National Retail Federation survey. Total Valentine’s Day spending is expected to reach $14.7 billion. 
Bulgari SpA said 2008 revenues fell 1.5 percent to $1.4 billion. Fourth quarter revenues declined 9.8 percent to approximately $401.3 million. Same store sales dropped 0.9 percent for the year and 15.5 percent in the fourth quarter. 
The Swatch Group, the world’s biggest watchmaker, said its 2008 gross and net sales finished just ahead of its record 2007, despite the “very challenging [worldwide] market environment.” Its 2009 outlook is “cautious but not pessimistic,” anticipating “a rather manageable recession” and a rebound in 2009’s second half. 
The Gemological Institute of America Laboratory has determined that the pink zones in blue to blue-green, copper-bearing tourmaline gemstones were produced by fluids containing naturally occurring radioactive material. 
Lillian (Singerman) Ross of Cranston, R.I., died Jan. 24. Ross and her husband, the late Sidney T. Ross, founded Ross-Simons jewelers in 1952. She was 88. 
The Luxury Jewelers Resource Group, a consortium of 12 independent family-owned jewelry retailers with 65 total stores, was recognized this month by Training Magazine for excellence in employee development. 
MJSA Expo New York is offering a program of seminars on surviving the nation’s economic downturn, capitalizing on jewelry trends, complying with the new lead-content law, and other issues that could make or break a company. 
The Gemological Institute of America will give attendees a chance to get acquainted with the latest gemological equipment, attend seminars, and receive special offers on GIA Instruments during the upcoming gem shows in Tucson, Ariz. 
An online electronic diamond exchange was launched today in Antwerp by the Dealers Organisation for Diamond Automated Quotes. The exchange will enable polished diamonds to be globally traded like other commodities, according to its founders. 
Watch manufacturer Reactor, Agoura Hills, Calif., was named the official timing sponsor for the 2009 International Game Fish Association Offshore Championship, to be held May 10-15 in Cabo San Lucas, Mexico. 
