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Jewelers of America releases 2011 Cost of Doing Business Report

(NEW YORK) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry retail marketplace, has released the 2011 Jewelers of America Cost of Doing Business Report, a valuable benchmarking tool for retail jewelers – the only one of its kind. With 45 pages of comprehensive data tables on a cross section of jewelry firms, JA asserts it is the most complete comparative financial resource available to specialty jewelers in the U.S.

Airport Authority and GIA unveil Birthstones Exhibit

Fascinating display features gems, jewels and minerals

(SAN DIEGO, Calif.) – On September 14, the Airport Authority (San Diego, CA) joined GIA (Gemological Institute of America) in officially opening the “GIA Celebrates Birthstones” exhibit at San Diego International Airport. The exhibit contains more than 250 gems, minerals and jewelry from around the world.

College jewelry maker’s two-year “Made in USA” odyssey keeps American jobs from moving overseas

Collegiate Bead Company will keep production and growth in U.S. through partnership with Terryberry

(ROYAL OAK, Mich.) – A Detroit area jewelry maker’s unwavering refusal to move production to China led him on a two-year cross-country odyssey. The journey ultimately brought him home to Michigan and to a partnership with Grand Rapids, Mich.-based Terryberry that will enable Royal Oak, Mich.-based Collegiate Bead Company to create up to 50 jobs in Michigan and keep the company’s college beads, sorority bracelets and charms as truly “Made in USA” products.

Contemporary metals for a contemporary world

Once considered a passing fad a decade ago, contemporary metal wedding bands are now a must-have product component of a successful retail jewelry store.

Gone are the days when manufacturers only offered titanium bands in a few select styles. Now, an elite group of manufacturers are producing cutting-edge, high-end pieces that equal or exceed the design aspects of those found in gold and platinum. Custom design is not just for precious metals anymore.

Restyling Events continue to be successful in spite of high gold pricesRestyling Events continue to be successful in spite of high gold prices

Independent jewelers throughout the country are finding in-store restyling events to be highly successful in spite of the high price of gold.  Joe Hershon, the owner of Davriel Promotions explains why: “The largest percentage of the population right now are baby boomers 55 and older who are inheriting jewelry from their mothers, have outdated or worn out jewelry of their own, or who want to change from yellow to white gold (or vice versa).  They have more disposable income than their parents generation, and are spending more for vintage semi mounts or high fashion designs. The average remount sale is now  $1800, so ten or eleven sales quickly becomes a $20,000 event.”

2011 U.S. holiday spirit recommences

Momentum is good, but headwinds intensify

(NEW YORK) - The International Council of Shopping Centers (ICSC) forecasts that U.S. holiday sales in 2011 will post a moderate gain, though somewhat subdued relative to its prior year’s pace.  Based on ICSC’s metric of industry performance, shopping-center sales are expected to increase by 2.2 percent during November and December 2011 and relative to those same months of the prior year.  In 2010, the holiday season posted a 5.0 percent gain following two back-to-back declines, which were a result of the severe 2007-09 recession.

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