06192018Tue
Last updateWed, 13 Jun 2018 12am

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JSA BULLETIN: Reducing Internal Theft

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While every business faces the threat of employee theft, jewelers are especially vulnerable due to the high value of the merchandise involved. While the vast majority of employees are honest, the small percentage who will attempt to steal can inflict very serious damage on a jewelry firm. The ingenuity of dishonest employees has no limits and ranges from simple acts like secretly removing goods from the premises, or removing cash from the cash drawer, to more complex schemes.


NRF forecasts 0.5% decline in retail sales for 2009

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Deep Recession Should Finally Give Way to Second Half Growth

(WASHINGTON) - The National Retail Federation (NRF) has released its 2009 economic forecast, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will decrease 0.5% from last year. According to its quarterly Retail Sales Outlook report, NRF sees more challenges ahead as consumers continue to shift their spending priorities.

Sterling Reputation trademarks “Silver... The New Gold™”

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(SUNRISE, Fla.) - What do you do when gold rises to $1,000 an ounce but you sell silver? The smart jewelry manufacturer selling silver tries to find a way to promote their merchandise. Sterling Reputation, located in Sunrise, Florida did just that with a new marketing campaign directed at jewelry stores. Sterling Reputation's new tagline, "Silver...The New GoldTM", is being used in all their advertisements and marketing pieces.

The campaign is not to discredit the value of gold, but to remind consumers that silver is a great metal that can produce beautiful jewelry. Steve Berkowitz, owner of Sterling Reputation stated, "We wanted to let our stores know that we offer a high quality product that customers will want to wear."

The cost of gold rose to over $1,000 an ounce in early 2008 and published reports stated that the economy was forcing customers to cut back on discretionary spending. Sterling Reputation started to make customer service calls to accounts to find out how their businesses were doing. "We were hearing from our customers that sales have been down in their stores in regards to gold and higher ticket items, but that our jewelry was still selling. We found that our stores were still looking for high quality jewelry that wasn't expensive and we had the right product," said Berkowitz.

Feeling that this was something that they could benefit from, the phrase, "Silver... The New GoldTM" was born. "We also wanted to change the perception in retailer's minds about silver, and it should be offered to customers as an option while shopping," he added.

Because Sterling Reputation prides itself in offering sterling silver jewelry with a rhodium finish, the collection has become a great alternative for stores that would like to complement their showcases with an affordable line. Sterling Reputation hopes to continue on this trend with a recently launched 2009 supplement offering 50 new styles.

Sterling Reputation is a truly unique jewelry company specializing in fine .925 sterling silver with a rhodium finish that resembles platinum and virtually eliminates tarnishing. To learn more about Sterling Reputation, please visit the company website at www.sterlingreputation.com or call (954) 578-1880.

GIA launches new eLearning Accredited Jewelry Professional Program

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(CARLSBAD, Calif.) - The Gemological Institute of America (GIA) has unveiled a new, online, multimedia format for its distance learning courses in gemology and jewelry sales. GIA is offering this advanced education technology, known as "eLearning," to students effective immediately for its Accredited Jewelry Professional (A.J.P.) diploma program.

GIA unveils re-designed 2009 Education Catalog

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GIA-catalog-MarchNew education catalog contains all information in one booklet for improved look, accessibility, ease of understanding

(CARLSBAD, Calif.) - The Gemological Institute of America (GIA) has announced that the Institute's 2009 Education Catalog is now available and has been entirely re-designed to better meet the needs of students. The catalog is also accessible online, making information about a GIA education more obtainable worldwide.

JVC introduces “The Essential Guide to Advertising Law”

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JVC-Guide-March(NEW YORK) - The Jewelers Vigilance Committee (JVC) has announced a new publication, "The Essential Guide to Advertising Law," a comprehensive overview of the regulations pertaining to the advertising of fine jewelry. The volume includes basic rules, Federal Trade Commission guidelines, price advertising, advertising on the Internet, green, Fair Trade and ethical conduct claims, and liability and enforcement. It includes frequently asked questions and is underwritten by a generous gift from GE Money.

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