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Robbers invade jeweler’s home

Report courtesy of Jewelers’ Security Alliance

Kennewick, WA - February 9, 2011: At 6:30 p.m. three masked gunmen forced their way into the home of a retail jeweler and tied up two family members. The suspects then waited for two other family members, including the jeweler’s wife, to get home, and then held them as well. When the jeweler arrived, two of the suspects forced him to take them back to his jewelry store, while one suspect remained guarding the family. After taking a quantity of jewelry merchandise, they took the jeweler back home and drove off in his pick-up truck, which they later abandoned.  The phone lines were cut at the jeweler’s home, and the robbers departed at 8:30 p.m. after the two hour ordeal. No one was physically injured during the crime.

JA pushes for repeal of the IRS 1099 requirement

The association is urging members and non-members to call on their representatives to support legislation, which would repeal the regulation, included as part of health care reform

(NEW YORK) – Jewelers of America (JA), the national trade association for businesses serving the fine jewelry retail marketplace, is calling on Congress to pass legislation that would repeal the IRS 1099 reporting requirement. JA’s campaign – launched January 20th through its Legislative Action Center – had, as of the beginning of February, prompted more than 100 jewelry businesses to support 1099 repeal through digital Action Alerts.

North Carolina Jewelers Association Crime Alert

In late January, at 4:30 pm a 32 year old Hispanic male came into John Laughter Jewelry in Asheville, North Carolina to sell a gold chain.  A sales associate took the necklace and identity information to Mr. Laughter. He tested/weighed the necklace and returned it to the associate to make an offer to the customer.

Jewels for a Cure

Twelve Richmond jewelers work together in support of VCU Massey Cancer Center

(RICHMOND, Vir.) - A dozen of Richmond, Virginia’s leading jewelers have each donated a piece of jewelry to a raffle in support of women’s cancer research at Virginia Commonwealth University (VCU) Massey Cancer Center. The raffle, held in conjunction with the 16th Annual Women & Wellness event on February 8 at The Jefferson Hotel, is the first to feature so many pieces from such a stellar roster of donors.

Jacques Voorhees, Bill Boyajian aim to solve retailer Internet problem with new service

(NEW YORK) - Jacques Voorhees, founder and former CEO of Polygon, and Bill Boyajian, former long-time president of the Gemological Institute of America (GIA), have joined forces to offer a revolutionary online service that addresses one of the biggest problems for jewelry retailers: diamond price shopping on the Internet.

Return fraud to cost retailers $3.7 billion this holiday season, according to NRF

(WASHINGTON, D.C.) – Fine-tuning return policies has become both a science and an art as retailers continue to grapple with roller-coaster return fraud rates. According to NRF’s annual Return Fraud Survey, completed by loss prevention executives at 111 retail companies, the retail industry will lose an estimated $3.68 billion to return fraud in the 2010 holiday season, up from $2.74 billion in 2009. Return fraud cost retailers an estimated $13.95 billion during the 2010 calendar year, up from $9.59 billion in 2009. When asked if their company has ever changed its return policy to specifically address return fraud, nearly two-thirds (65%) said it had.

Israeli Diamond Industry shows impressive recovery in 2010 - Net polished exports rise 48.1%

(RAMAT GAN, Israel) - The Israeli Diamond Industry showed an impressive recovery in 2010, according to figures published by the Israel Ministry of Industry, Trade and Labor’s Diamond Controller Shmuel Mordechai. High double-digit growth in exports and imports of polished and rough diamonds was reported.

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