World Jewelry Center signs 150 firms

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World Jewelry Center signs 150 firms

October 14, 2008

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Las Vegas—The World Jewelry Center (WJC) has signed its 150th company to reserve space in the new, international gem and jewelry hub.

These 150 firms span every sector of the gem, jewelry and watch industries, and represent 24 countries on five continents, including 20 states in the United States.

WJC Managing Director Bill Boyajian said this latest achievement illustrates strong and steady interest in the project throughout the industry.

"The World Jewelry Center in Las Vegas has great appeal for firms looking at the competitive edge it offers. The opportunity to grow market share in the United States, the largest jewelry-consuming nation in the world, and to do it in a new, exciting center, makes it a winning situation for all involved," Boyajian said in a media release. "The added convenience of on-site access to hundreds of other jewelry companies, from gem suppliers to manufacturers and designers, is highly desirable."

In addition, Boyajian said the state of Nevada offers many benefits that business leaders find compelling.

"Nevada has no corporate income tax, no personal state income tax and no inventory, franchise or gift tax," Boyajian said. "Another key incentive is our designated Foreign Trade Zone, which offers substantial duty-deferral savings while enabling goods to be processed and improved within the trade center itself."

Participating supplier firms also own their own offices in the trade tower, thus locking in savings over rented space, with the added ability to later sell their suite or lease it to another jewelry firm.

Boyajian said the project has made continued progress despite the economic challenges faced by so many today.

"We have experienced a consistent flow of inquiries and a steady stream of new clients over the past several months, as many industry leaders add up the cost-saving advantages of our Las Vegas location and recognize the impressive array of quality companies they will be able to do business with in one building complex."

Ground-breaking for the WJC is expected in the second half of 2009, with completion slated for the end of 2011.

For more information on the WJC, or to request a personal presentation, call (310) 888-8864, e-mail info@worldjewelrycenter.com or visit the WJC's Web site, WorldJewelryCenter.com.

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