10 Things Rocking the Industry

1. Las VegasFor an industry that has ­historically resisted change, the JCK show’s move to Mandalay Bay went over rather well with attendees, 20,000 of whom descended on the new venue—a 16 percent increase over 2010. “Demand for diamonds and finished jewelry was undoubtedly the highest in years,” noted GIA senior industry analyst Russell Shor in his post-Vegas wrap-up in the GIA Insider, citing optimism about the fourth quarter, long-depleted inventories, increased cash flow, and inflationary fears that spurred many jewelers to buy now rather than wait for prices to rise later. Exhibitors up and down the Strip reported similarly strong results, but the strength of market week 2011 was born out, most persuasively, by anecdotal evidence. “It was our best JCK ever,” says designer Alishan Halebian, a show veteran. “Seeing people in the elevators, they were smiling.”Beverly P

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