What We Can Learn From Aesop

Aesop's fable about the grasshopper and the ant comes to mind as a cautionary tale for the jewelry business. One sunny midsummer's day, the grasshopper is jumping around and chirping merrily when he sees an ant stuffing kernels of corn down his anthill. The grasshopper asks the ant why he isn't enjoying the day, and the ant says he's too busy preparing for winter. Come winter the grasshopper lies shivering on the ground while the ant and his family are warm and well fed. As an industry, we've been able to fend off some significant problems because of the relatively buoyant retail market, generally positive consumer sentiment, and a real estate boom … fueled by subprime mortgages. (Whoa, is that a frost warning?) Never mind the shifting of jewelry production and sourcing from the United States to Italy, to Turkey, to India, and finally to the Orient in just 30 years. Some of the key r

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