GIA’s Jewelry Finance Diploma Program debuts in October

The Gemological Institute of America is offering a new program tailored to the specific needs of current and future jewelry business owners and managers. The Jewelry Finance diploma program will be offered at GIA’s Carlsbad, Calif. campus beginning Oct. 14. Enrollments are already underway.

The Jewelry Finance program joins the Jewelry Business Principles diploma program (formally Graduate Retail Management) as part of the curriculum of GIA’s recently established School of Business—the first school of its kind to teach management skills as they apply specifically to the jewelry industry. GIA Vice President of Education Brook Ellis, said. GIA’s School of Business was developed in response to a growing need for students and trade professionals to learn how to succeed in the business of jewelry. Additional diploma programs in merchandising and business law are slated to begin in 2003, with others planned.

Ellis said the objective of GIA’s new School of Business is to provide a solid business foundation to jewelry business owners, executives, and aspiring leaders working in the jewelry industry.

In the Economics in the Jewelry Industry course, students will learn how national and international events affect the economy and, specifically, a jewelry business. The basic language of economics, its concepts, theories, and practical applications in the jewelry industry, and how to apply these principles directly to their business will also be taught.

The Managerial Accounting course—designed to teach even those with little to no accounting experience—covers how to organize, maintain, and analyze financial information. It also includes practice in “keeping the books,” working with balance sheets, and using basic computer software to track accounts in a “test case” of a student’s own jewelry business.

The third course of the Jewelry Finance program, Applied Business Math, will teach students the fundamentals of business math, and how to apply these skills to their jewelry operation. Students will also learn how simple financial calculations can influence business decisions. For more information about the Jewelry Finance diploma program and the GIA School of Business, call 800-421-7250, ext. 4001, or visit www.gia.edu.