A Tale of Two Dinosaurs

With apologies to Charles Dickens, I borrow the famous first line from A Tale of Two Cities to begin this month's Counterpoint: "It was the best of times, it was the worst of times." I refer to the state of the jewelry business and its gradual economic recovery from the slowdown that began in 2000. However, more than at any time previously, the industry faces unique and unprecedented challenges, including one that's getting increasing attention from Main Street to Wall Street: the phoenix rising from the ashes of the dot-com bomb. (See "Jewelry Dot-Bombs," JCK, April 2001.) What do the Internet, the retail jewelry business, and the title of this column have in common? They're linked by a story told to me recently about the jewelry business and the Internet: Two dinosaurs are having a chat as they look into the sky. One dinosaur says to the other, "Asteroid? That's no asteroid. That

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