New York State Gov. David Paterson proposed a sales tax on luxury items, including jewelry. Under the proposal, those purchasing jewelry in excess of $20,000 would pay a 5 percent sales tax, according to media reports. Wise Jewelers, Mount Vernon, Ohio, founded in 1828 and considered Ohio's oldest jeweler, will close. Owners Brian and Jennifer McNamara said the tough economy and high gold prices are among the reasons. Sonny's Diamonds & Jewelry in Denver is shutting its doors after nearly 30 years in business. The store's lease is ending, and, unable to find a suitable new location, the owners decided to close, reports the Rocky Mountain News. Royal Asscher is launching a charity project called Star of Africa, which aims to improve infrastructure in Sierra Leone by creating funding for education and self-sufficiency programs. Lita Asscher said the project will focus on providin

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out