Archive

  • Jewelers of America (JA), an industry trade association, is aiming to launch a category jewelry advertising campaign in 2019. The initiative, said to be by the industry and catalyzed by requests from the industry, is intended to benefit the entire jewelry industry by "branding and promoting the unique and emotional aspects of jewelry purchase and ownership versus other disposable income purchases," said JA in a statement.

  • Jewelers of America (JA), the leading non-profit jewelry association in the US - founded over a century ago to advance the jewelry industry and consumer trust - has announced the winners of its 28th annual CASE Awards, a national jewelry design competition. The CASE Awards recognize custom-designed and crafted pieces of jewelry for their creativity, artistry, skills and excellence in quality and style, and "showcases the creativity and expertise of designers in Jewelers of America member retail stores across the country,” said JA President & CEO David J.

  • Jewelers of America (JA) released the results of their US “Fine Jewelry Industry Consumer and Retail Market Study” conducted by Provoke Insights. The study surveyed two groups, the retailers and the consumers, and Michelle Graff listed some of the key findings. 

  • Every marketeer has spent countless hours strategizing on how to target millennials, which has led them to neglect an important audience: introducing the Midult. Paula De Luca, creative director of trend forecasting company Trendvision, defines the midult as a women between the ages of 35 and 55 who has spending power – in other words, a Generation X female, born between 1960 and 1980. Following millennials and baby boomers, Gen X is the third largest generation in America, making up 25% of the 60 million adults in the U.S. 

  • The 15th annual GEM awards presented by the Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, took place on January 13 in New York and was hosted by jewelry designer Stephen Webster. The winners in the categories of Jewelry Design, Marketing & Communications, Media Excellence and Watch Excellence were announced live to an audience of 500 elite members of the watch and jewelry industry, celebrities and members of press.

  • Jewelers of America (JoA) has ramped up advocacy efforts in Washington, D.C., writes InStoreMag, holding meetings with congressional leaders to support the jewelry industry’s recommendations to the Federal Trade Commission (FTC) on its proposed changes to the Guides for the Jewelry, Precious Metals, and Pewter Industries - specifically, use of the term “cultured” to describe synthetic diamonds - the trade association said in a release. The association is also planning a two-day fly-in to D.C.

  • U.S. fine jewelry trade association, Jewelers of America (JA), has welcomed the permanent extension of the 15-year depreciation on store improvements, which has been passed by Congress and is expected to be signed into law by President Barack Obama before the Christmas holiday. The depreciation measure was part of a tax “extenders” package attached to sweeping tax extenders legislation. "It marks a major victory for Jewelers of America, as the association has been fighting for more than a decade to make the depreciation provision permanent," the group said.

  • In its October data, the National Bureau of Statistics of China records a 4 percent rise on the year in retail sales of gold, silver and jewelry to around $3.9 billion. Last year’s overall sales of gold, silver and jewelry were approximately $47.8 billion, up marginally from the previous year. Meanwhile, overall retail sales from January to October rose 7.1 percent to about $39.3 billion from 2013.

  • The Jewelers Board of Trade's figures earlier this month showing the ongoing closure of jewelers is "sad and alarming. But it also reflects the structure of our industry," writes the JCK's Rob Bates According to the latest U.S. economic census, in 2012 there were 23,477 jewelry stores, down 15 percent from five years earlier. However, the number of stores in every other business sector is also declining, and in many cases by a larger percentage than for jewelers.

  • Overall sales of fine jewelry and watches in the United States in August were up 2.3 percent from August 2014 to an estimated $5.4 billion, according to the latest data from the Department of Commerce, writes analyst Ken Gassman. Specialty jewelers saw a slight decrease in sales (0.1 percent), while jewelry sales at multi-line merchants such as Wal-Mart, Costco and others rose by an estimated 4 percent.

  • The World Jewelry Confederation (CIBJO) will be a sponsor of the Jewelry Industry Summit (JIS) to take place from March 10-13 at the Fashion Institute of Technology in New York City. CIBJO will provide financial support and encourage its members to fully participate in the summit which will concentrate on the issue of sustainability, responsible sourcing in the jewelry industry, and supply chain challenges.

  • Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has elected Ryan Berg, Market President of Lee Michaels Fine Jewelry in San Antonio, TX, as JA’s new Board Chairman. He succeeds Bill Farmer Jr., Partner of Farmer’s Jewelry. Berg was elected on July 25, 2015 at JA’s Board meeting that also welcomed many new Directors.

  • Jewelry prices have softened for the past 18 months or so, says analyst Ken Gassman. He finds that both retail prices and suppliers’ prices for fine jewelry and watches in the United States market declined in the second quarter of this year from the same period last year.

  • Lab-grown diamonds versus naturally mined stones, issues concerning diamond grading reports, marketing to Millennials, using social media to increase sales, improving profitability, and identifying the latest jewelry fashion trends are among the panel discussions to be held at Jewelers of America New York summer show on July 26 and 27.

  • Jewelers of America (JA), the national trade association for fine jewelry businesses, has started its annual Cost of Doing Business study. Companies interested in doing so can take part in the survey at www.profitplanninggroup.com/jewel and must complete it by August 15. Retailers who complete the survey will receive a customized Performance Analysis Report and will be entered into a weekly drawing to win $500 in cash, as well as a free copy of the report, with survey results and industry data trends.

  • The Jewelers of America Political Action Committee (JAPAC) continues to grow its legislative influence on Capitol Hill, as the group led a delegation of jewelers to Washington, D.C. for the fifth consecutive year. The group capitalized on the opportunity to discuss a new sales tax fairness bill – the Remote Transactions Parity Act (RTPA) – that was introduced in the U.S. House of Representatives on June 15. “Traditional jewelers are losing sales to online competitors because we are required to collect sales tax on purchases made in our stores.

  • The top tips are: ultra-high-net-worth families are everywhere, have a passion for what you do, be on social media, don't judge customers by their appearance, respect your sales team, realize that everyone knows everyone so word-of-mouth referrals are critical, and seek out partnerships with other brands.

  • Jewelers of America (JA), thas partnered with FIS Retail Payment Solutions, banking services provider, for a payment solutions and gift card membership benefit program. According to a press release, through the new membership benefit, JA members will receive discounted rates on non-cash payment services, such as checks, credit cards and gift cards.

  • The suggestion came from the Independent Jewelers Organization's (IJO) board of directors during its annual meeting. The panel will involve and capture ideas and concerns from younger jewelers in IJO who are looking at making a career in the jewelry industry.

  • Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, produced the Jewelers of America Fashion Show at American Gem Society (AGS) Conclave. Jewelry lit up the runway during the fashion show that combined clothing from esteemed New York fashion designer Carmen Marc Valvo with the fine jewelry of 27 jewelry brands.

  • Exports of jewelry, and goldsmiths and silversmiths’ products jumped 29.6% to $1.82 billion in February, the Census and Statistics Department reported in its monthly update.

  • The Jewelry Industry Summit - The Open Forum on Sustainability & Responsible Sourcing in the Jewelry Industry - says the summit is scheduled for August or Fall 2015, aimed "to provide an open discussion regarding challenges and opportunities in the jewelry industry and to foster better support for all sections of the supply chain." According to the website, the first Jewelry Industry Summit is set up by "a loose group" formed to develop and plan the summit, The Planning Committ

  • The first auction on, April 1, features a New York theme, with Yankee Stadium memorabilia on sale. Although Sotheby's and Christie's already hold online art sales, the live streaming on eBay will bring the auction firm's inventory to a potential new audience of more than 155 million active users worldwide, the auctioneer said.

  • Recognizing that it will have to go further than expected to stimulate the slowing economy, senior Chinese officials are indicating that further measures may be implemented if growth doesn't hit 2015 target of 7% and if unemployment rises.

  • After a comprehensive search of the Internet, a jeweler in Florida has recovered a 6.04 carat diamond stolen from his store 18 months ago.