LATEST NEWS & TRENDS
Following Revolt, the Rapaport Price List Will Go Monthly
Thursdays will never be the same in the diamond industry. Following a furor after he lowered prices by an average of 7% on his March 20 price sheet, founder and publisher Martin Rapaport announced that he was changing many aspects of his widely watched price sheet during a webinar on Wednesday. Among the most notable:…
Texas Jeweler Dies of Coronavirus
Texas jeweler Randy Flatau, who owned and operated Randy’s Fine Jewelers in Beaumont for several decades, died Wednesday of complications from COVID-19. Flatau, 70, was the second person to die of the coronavirus in the area, News 4 San Antonio reported this morning. The City of Beaumont Public Health Department announced that the jeweler had no known…
Now Is The Perfect Time to Try This New, Free Appraisal System
In this time of uncertainty and social distancing, retail jewelers are likely to see fewer store visits in the coming weeks. This is the perfect opportunity to pause and try something new in preparation for customers starting to shop again (and it will happen soon!). When was the last time you looked at your appraisal…
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Keep Calm and Quarantine With Évocateur
I’ve been thinking a lot about how historical—historically crappy, but history-making nonetheless—this current crises we’re all experiencing is. As my daughter watches the new Wash Your Hands With Baby Shark video for the umpteenth time, I’m struck by how we’re living in moments that will probably end up being recorded in school textbooks. You know how you…
JCK Jewelry Agenda: Week of April 5
While JCK‘s editors are making COVID-19-related breaking news and blog content available to you on a daily basis (which includes updates on on all the many unfortunate show and event cancellations), our Sunday newsletter will focus on things to lift our community up and bring us closer together (virtually, of course). We’ve got a long list of…
Should You Apply for Business Interruption Insurance?
Steven Merdinger, an accountant with many clients in the jewelry industry, has told them they should file business interruption claims with their insurance company—even though they will almost certainly be rejected. “They’ll probably send it back with a reservation of rights,” says Merdinger, managing partner of New York City–based KMR. All of which makes filing a claim…
5 Essential Laboratory-Grown Diamond Truths
These are unprecedented times for the global economy and the world at large — uncharted waters for the fine jewelry industry, to say the least. With a reputation as a future-oriented thought leader, Gabriel & Co. has been envisioning the kinds of tools and tactics that will help jewelers remain grounded even in unsteady times.…
How She’s Managing: Jewelry PR Pro Francesca Simons
It’s not only retailers, manufacturers, and designers whose lives (and livelihoods) have been upended by the COVID-19 crisis in the jewelry industry. Those in jewelry marketing, events, and public relations have also felt the sting of many aspects of the business grinding to a near halt this past month. Public relations professional Francesca Simons, founder of 4-year-old…
De Beers’ Chief Financial Officer to Leave
De Beers Group’s chief financial officer Nimesh Patel (pictured) will leave the company on July 26, it announced Thursday. Patel’s successor has not yet been named. Patel is leaving De Beers to become chief financial officer and executive director of Spirax-Sarco Engineering. Patel joined Anglo American in 2012 as group head of corporate finance. In 2016, he…
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