The Jewelers’ Security Alliance (JSA) is telling industry members to be wary about suspicious inquiries after two New York-based diamond companies received letters from alleged independent private jewelers who claimed to be seeking a diamond supplier.

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Royersford, Pa.–Is it better to reward the salesperson who scores a tough sale during the holiday season, or should the whole team get a bonus when 4Q sales rise overall?

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Weak U.S. sales led to a 1 percent drop in overall sales and a 7 percent drop in same-store sales for Tiffany and Co. for the third quarter, and the retailer says it is planning to cut expenses and staffing.

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In response to increased interest from the industry, the Platinum Guild International (PGI) USA has announced it will expand its technical education courses and resources in 2009, in particular its online instructional videos.

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Carlsbad, Calif.–In tribute to his 16 years of “selfless and remarkable contributions,” the Gemological Institute of America (GIA) has bestowed Ralph Destino, the institute’s chairman emeritus, with its highest honor, the Richard T. Liddicoat Award for Distinguished Achievement.

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Mumbai, India– Despite the worldwide economic slowdown, the Gem & Jewellery Export and Promotion Council (GJEPC) is moving forward with its 2009 schedule, starting with the second IIJS Signature show in Goa in February.

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Approximately $8.2 billion (excluding travel) has been spent online so far for the November – December holiday season, marking a 4-percent decline versus the corresponding days last year, according to comScore.

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The Gemological Institute of America has honored Ralph Destino, GIA chairman emeritus, with its Richard T. Liddicoat Award for Distinguished Achievement, the highest tribute the Institute can bestow upon an individual.

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Tiffany & Co. reported Wednesday that net sales declined 1 percent to $618.2 million in the third quarter, ended Oct. 31. On a constant-exchange-rate basis worldwide net sales declined 2 percent and same store sales declined 7 percent, which includes a 14 percent decline for same stores sales in the U.S.

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Tiffany & Co. reported Wednesday that net sales declined 1 percent to $618.2 million in the third quarter, ended Oct. 31. On a constant-exchange-rate basis which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales declined 2 percent and same store sales declined 7 percent, which includes a 14 percent decline for same stores sales in the U.S.

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