Be prepared for the economic upturn
Now is a good time for jewelers to start thinking about the future--how to recover from this depressing recession as quickly as possible and how to adapt to the changes that are sure to alter the...
Look around, jewelers: The sky isn't falling
After hearing the depressing economic news coming out of Washington, reading the "downer" articles in jewelry trade journals and even listening to my kid's grade school gym teacher gripe about...
Study: Affluents changing consumption patterns
Stevens, Pa.--A new survey from Unity Marketing reveals that while the recession may be moderating among the affluent, there has yet to be a return to previous levels of luxury spending.
De Beers notes improvement in diamond production
Gaborone, Botswana--Diamond mining resumed this week at three out of four mines in Botswana operated by Debswana, the joint venture between the government of Botswana and De Beers.
Worst is over, says Nielsen economic expert
Orlando, Fla.--"While fear is still weighing heavily on consumers' minds, we are beginning to see evidence of a number of positive economic points lining up," said James Russo, vice president of...
Survey: Wealthy now skipping jewels, private jets
New York--A new study shows that the richest Americans, unnerved by the state of the economy, are cutting back on spending money on luxury items, including jewelry, because they are worried about...
Economy propels silver price, demand in '08
Impacted by the current recession and overall state of the global economy, the silver market has moved into extremely unusual territory over the last year, according to The CPM Group's Silver Yearbook...
DPS: Continue to stress enduring value of diamonds
New York--Emotion and enduring value are two messages retail jewelers need to stress to sell diamonds amid a difficult economy.
As economy impacts online retail, companies shift marketing focus
The economy is forcing online retailers to change their marketing tactics in order to acquire and retain customers, according to findings from "The State of Retailing Online 2009," the 12th annual...
Credit crunch puts squeeze on jewelry chains
New York--For a growing number of consumers, paying for jewelry on credit isn't as easy as swipe, sign and smile anymore.
Tell us: How are your watch sales?
New York--For the past several years, the watch business was moving at top speed, with Swiss brands, especially, barely able to keep up with the demand for complicated mechanical watches.
Long's bridal event to kick into high gear
Boston--Long's Jewelers is putting any recession fears aside and is gearing up for its annual Wedding Band Weekend, an event that the Boston-based retailer is expecting will draw in more than 2,000...
Study: Nation's richest continue luxury cutbacks
Stevens, Pa.--Once considered immune to the economic woes that plague middle- and lower-income consumers, the affluent are now taking a direct hit from the recession and thus changing their lifestyles...
Gemologist Carmona accepted to Pacific Council
Los Angeles--Gemologist Charles I. Carmona is the newest member of the Pacific Council on International Policy, an international affairs organization focused on issues that affect the West Coast...
November retail sales see record fall
U.S. chain store sales fell a record 2.7 percent in November, compared with the same period last year, according to the latest study from the International Council of Shopping Centers.
BaselWorld opens doors to recession-stung industry
Basel--After enjoying several years of record growth, Swiss watch industry leaders had the less pleasant task of flipping through some negative signs as they presented the latest industry financial...
Jewelry price inflation continues to moderate
Only time will tell if Wall Street speculation that inflation is real and here to stay is correct. But we do know this: In the jewelry industry, inflation has been cooling since mid 2008, both at the...
Tired of negative news, jewelers?
New York--Pull up the Web site of any major, national news organization, and you won't have to look hard to find a story about the decrepit state of the U.S. economy and consumer confidence.
Gleim the Jeweler closing University Avenue store
Palo Alto, Calif.--Longtime California retailer Gleim the Jeweler is closing one of its three stores in response to the economic slowdown, the company announced this week.
Diamond trading hubs cry out for credit help
Ramat Gan, Israel--The worldwide economic crisis--and subsequent credit crunch--have the world's major diamond centers looking for a little government intervention to help loosen up the flow of cash.