Archive for April, 2009
Ex-Friedman’s CEO Stinn sentenced to 12 years
Bradley Stinn, the former chief executive officer of Friedman’s, was sentenced to 12 years in federal prison for a fraud scheme that prosecutors said cost the jewelry chain’s shareholders more than $20 million.
Zale’s jewelry: Price nice, but emotion works better
What happens when jewelers stray from “emotional” advertising? They often end up with results such as those of Zale Corp., which experienced a drop in sales and a quarterly loss for the three-month period ended January 2009.
Will consumers remember mom this recession?
Mother’s Day sales are expected to drop 14.7 percent to $12.9 billion this year, with all holiday-related categories, including jewelry, experiencing declines, according to the latest report from industry research firm IBIS World.
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 their own financial security and fear that the recession will last longer than a year.
IDCA announces 2009 award winners
New York–The Indian Diamond and Colored Stone Association (IDCA) has announced its three distinguished honorees for 2009, recognizing two individuals and one retail company.
IDCA announces 2009 award winners
New York–The Indian Diamond and Colored Stone Association (IDCA) has announced its three distinguished honorees for 2009, recognizing two individuals and one retail company.
GIA experts to present at ICA Congress
Representatives from the Gemological Institute of America (GIA) will present two major talks at the International Colored Gemstone Association (ICA) Congress in Panyu, China, next month.
Profit margin problems? Tell us about it
New York–Are your margins sliding on loose diamonds but rising on sterling silver? National Jeweler wants to know about it.
Swiss watch organizations partner to fight fakes
The Fondation de la Haute Horlogerie and the Federation of the Swiss Watch Industry are joining forces to launch an international anti-counterfeit-watch campaign.
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 2009.
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