Last updateMon, 23 Nov 2015 10pm

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NRF says online sales tax advantage is “stifling” local stores

(WASHINGTON, D.C.) – The National Retail Federation (NRF) urged the House Judiciary Committee to support legislation that would require Internet retailers to collect sales tax the same as local merchants, saying online sellers have a price advantage that is “stifling” Main Street stores’ ability to compete.

Rapaport Group calls on diamond trade to avoid Marange diamonds

RapNet extends ban on Marange diamonds, will expel and name members violating policy

(NEW YORK) - The Rapaport Group strongly opposes the recent decision of the Kimberley Process (KP) to allow for the immediate exports from the mining operations Mbada Diamonds and Marange Resources in the Marange region of Zimbabwe. The Group has released the following statement:

Post-KP Plenary: JA & DMIA note continued need for reforms, vigilance and challenges for U.S. businesses

The associations believe that, despite some progress, much work remains and U.S. companies face legal restrictions on dealing with diamonds from Marange, Zimbabwe

(NEW YORK) – Jewelers of America (JA) and the Diamond Manufacturers & Importers Association of America (DMIA) – national trade associations whose combined membership represents fine jewelry retailers, diamond traders and manufacturers in the U.S. – are encouraged that steps were taken to preserve the Kimberley Process Certification Scheme (KPCS) during the recent KP Plenary, but continue to have specific concerns related to the KP’s decision to allow the export of goods from the Marange region of Zimbabwe.

The rush job from Hell

In the jewelry business we all get rush jobs, but I think this one may just get the prize for being the most work in 48 hours anyone has ever tried to get done. This nice young executive from the Trek Bicycle Corporation called us in a panic and said we were his last hope. He needed 11 pure platinum, 21 pure gold, 36 pure silver and 101 bronze map pins, plus 2 pure platinum tie tacks for presentation purposes. In all it totaled 171 finished pieces by noon on Thursday. It was noon on Tuesday before he made it to the shop so we had 48 hours to do the job. We told him it was not gonna be cheap, but we would be fair. His boss, the president of Trek, had already told him that the mission was impossible. We were pretty sure we could do it IF we could get all the materials, so we took on “Mission Impossible”! Here is how we did it.

Former retailers finding success with wholesale company

TimeInvestor offers high quality, pre-owned Rolex watches

When two retailers decided to combine their extensive jewelry knowledge and decades of experience to create a wholesale business they chose to focus on the area they knew best: watches - specifically pre-owned Rolex watches. Selling their store in 2007, Paul and Cristy Hughes officially came around to the other side of the counter when they opened the doors to TimeInvestor that same year.

Heraldica Imports – creating family crest jewelry for 40 years

Heraldica Imports celebrates more than 40 years of creating heirloom-quality, family crest jewelry engraved by hand.

Mr. Cuchi, CEO of the company, started the business in 1967 selling directly to consumers. In the early ‘70s he expanded his distribution to include retail stores and, today, has more than 2500 jewelers across the US selling Heraldica product.

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