Last updateMon, 30 May 2016 2pm

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Preferred Jewelers International adds GemShield Jewelry Insurance for Preferred Retailers

Preferred Jewelers International has reached an agreement to offer consumer jewelry insurance through GemShield Insurance Company.

Joe Murphy, Chief Operating Officer of Preferred Jewelers International stated: “The GemShield program is a natural addition for the Preferred Jewelers program. We are extremely pleased with the consumer’s reaction to our Preferred Lifetime Warranty program. The Preferred Warranty covers free lifetime maintenance, however a warranty does not cover an item if it is stolen or lost. The GemShield Insurance program provides this as well as worldwide coverage, which is a natural fit for the Preferred Jewelers Organization.”

Maximizing precious metals return - Don’t leave money on the bench

By Kim Michalik, President Pease & Curren refiners

Gold is more than something that glistens. Proper refining protocol can often lead to an increase in your bottom line.

Best practices for retail jewelers, particularly those who have bench jewelers on site, are always important. Over the years, we have encountered many customers losing efficiency and not maximizing their profits with regards to their precious metals collection and recovery. 

JSA releases 2014 Crime Report

Smash & grab robberies soar, but arrests at all time high

(NEW YORK) - Jewelers’ Security Alliance (JSA) released its 2014 Annual Crime Report covering crime against the jewelry industry in the U.S. The total number of crimes against the industry decreased from 1,414 in 2013 to 1,381 in 2014, a decrease of 2.3%. Total dollar losses, however, rose from $66.5 million in 2013 to $77.8 million in 2014, an increase of 17%.

Why retailers need to understand the digital era to remain relevant

Competing for business in 2015 is harder than ever. Come and gone are the days where retailers could rely solely on traditional methods to bring attention to their brand and sell their product. Although conventional tactics surely have a place when planned and executed correctly, the era we live in has become digital. Digitally motivated, digitally driven, and digitally charged is today’s consumer. Having a mobile site in 2015 is no longer a bonus, but instead essential. With the world at their fingertips, consumers of today are a different breed. Deeply understanding their habits, the data behind these habits and catering to them is crucial and downright vital for a retailer to stay afloat in 2015 and beyond.

Hoover & Strong reports Fairmined Gold gaining new ground in the U.S.

In the Peruvian desert, lies a small gold mining town by the name of Relave. Families here have depended on small-scale mining since the 1980s when economic hardship and conflict drove numerous families to settle as informal miners. Starting out without basic infrastructure, they worked the tailings left by previous large-scale international mining operations and managed to transform their challenging situation over the years.

JA offering Members Scholarships

(NEW YORK) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, funds scholarships for members on renowned industry diploma, professional development and certification programs. JA awards scholarships during the enrollment period from February 1st, 2015, through September 30th, 2015, and employees of JA Member companies are encouraged to apply.

November is Jewelers for Veterans Month

Every jeweler in America asked to participate

(NEW YORK) - “November 2015 and every November thereafter is now officially Jewelers for Veterans month - highlighted by the observance of Veterans Day,” Ralph Destino, Chairman of the Jewelers for Veterans Foundation said.

“Every jeweler in America is being asked to show their support for our returning vets and help provide these warriors with a pathway to economic success in an industry where they can put their skills to good use,” continued the Chairman-Emeritus of Cartier.

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