Last updateTue, 20 Mar 2018 10pm


Rapaport Melee Diamond Index down 4% in 1Q 2015

Rapaport Auctions sells over 135,000cts of polished for $28.9 million in 1Q

(NEW YORK) - The Rapaport Melee Index (RMI™) for small diamonds decreased by 4% to 124.50 during the first quarter of 2015. Year over year the index is down 9.5% from its level of 137.60 in March 2014.

Rapaport reports polished prices declined throughout the first quarter of 2015 as retailers were largely absent from the market and diamond trading remained slow in March. Jewelry retailers refrained from their usual first quarter buying and avoided unnecessary buildup of inventory. Diamond manufacturers significantly reduced their polished production in an effort to diminish their existing polished stock, as overall demand was weak and profit margins remained slim. Furthermore, liquidity continued to be tight due to weak demand, manufacturers’ lack of profitability, and the increased self-financing of rough purchases as banks restrict and reduce credit limits.

Diamond Empowerment Fund announces Diamonds Do Good consumer initiative

In-store and online materials available to retailers at no fee

(CHICAGO) - Today’s customers increasingly want to know that the companies they do business with are a force for positive change. During both the “Power Panel” and “Connecting Powerful Diamond Stories with Customers” seminars at the Smart Show Chicago, Dr. Benjamin Chavis, co--founder of the Diamond Empowerment Fund (D.E.F.), stressed the need to connect the positive stories behind diamonds with customers.

Stuller, Inc. launches loyalty program

Stuller First™ to offer benefits to retailers

(LAFAYETTE, La.) - Stuller is proud to announce the launch of Stuller First, the manufacturer’s first company-wide loyalty program.

“This program has been two years in the making, and we’re eager to finally bring it to our customers,” says Stuller Chief Marketing Officer, Kevin Metz. “We’ve always strived to put our customers first. And this is our way of making it easier for them to do business with us, beginning with the way we ship packages.”

Across the Counter

By Martha Williams, El Paso, Texas
Reprinted from June 1989

I don’t know who made up that slogan ‘Let your fingers do the walking’ but whoever it was should be sentenced to hard labor in Siberia. You notice it most on days when you are short handed or over worked. The phone rings continually. In a typical day you have responded to twenty five, maybe fifty phone calls. No matter what city you live in or what size store you have, the questions are all the same; “How much do you charge to size a ring?” “What time do you open?” “What time do you close?” “How much to clean a watch?” “Is my job ready?” “Have you started on my job yet?” “Where are you located?” There are about fifteen inquiries which can be anticipated with a high degree of accuracy.

Jewelers of America Offers onsite Certification Exams at upcoming tradeshows

The JA Sales and Management Professional Certification exams are open to all jewelry professionals

(NEW YORK) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, will be offering JA Sales and Management Professional Certification exams at the upcoming JCK Las Vegas and JA New York Summer trade shows. The prestigious certifications – open to all jewelry professionals – can advance the careers of jewelry sales associates and managers, differentiate the retail store from competitors and enhance fine jewelry customers’ trust in the jewelry professional.

Ohio jeweler honored for ethical conduct says: “You just do the right thing - it’s that simple”

Wendel’s Diamond Jewelers has been a fixture in Lancaster, Ohio, for more than a century. Decades after opening its doors, the store moved in 1972, and its current owner, Stuart Palestrant, bought the business in 1988, 10 years after joining the staff. The store moved again, leaving the downtown area in favor of a strip mall in 1992 and moved yet again in 2002. Lots of change, but one thing has remained the same: solid ethics. And this year, those principles were honored with the annual Eagle-Gazette Media/Rotary Ethical Business Award.