So I arrived in Las Vegas this morning to attend the Consumer Electronics Show (CES). What was I expecting? Well, I have been coming here for almost 25 years to the jewelry shows, so how different could this be? Well if we thought it was busy during jewelry week, you have no idea what busy means!
I spend many hours the week between Christmas and New Year analyzing what happened across the country to get a sense of the state of the economy, the industry and the individual jewelry company. I’m looking for context, patterns, signs to be optimistic about and signs of concern that cause me to pick up the phone.
There are those who believe the introduction of synthetic diamonds is a benign inevitability; the marketplace will find a place for them and their introduction won’t have any effect on the natural diamond market. I’m not one of them.
Synthetic diamonds have been around for many years and have naturally been compared with other synthetic gemstones regarding the minimal effect that those synthetics have had on the value and marketability of their natural counterparts. Why should man-made diamonds be more problematic?
Martin Flyer has bridal products for a first time or second time bride looking for classic, vintage or contemporary styles in all of the most sought after classifications, solitaire, three stone, channel , shared prong and micropave as well as the current popular looks like halo’s, twisted and split shank rings.
As many of you know, I love numbers. Maybe that is why I pursued a degree in accounting and got my CPA right after college. I have always said that numbers tell a story to me. That is why I loved this quote so much. It summed up what I have always felt. When I met with Abe Sherman over a year and a half ago, he showed me the Balance to Buy™ system and it was like I heard angels singing! (OK so maybe I am being a little over dramatic right now.)
So as we all settle back in after Las Vegas, it is time to take a moment and reflect back on the craziness of Jewelry Week.It was so nice to see so many friends and colleagues. Every year our industry descends on sin city and eats too much, drinks too much, and has an overall great time! From all the events, like the Diamond Empowerment Fund's "Diamonds Do Good" to the Indian Diamond Council Awards to the Jewelers for Children Gala, we take a week out of our busy lives to enjoy each other's company, while working hard.
From Ancient Royalty to Today’s Red Carpet, Le Vian®’s passion for fine jewelry design spans centuries. Expert master craftsmanship, exquisite profile detailing, and vibrant color are the hallmarks of this family owned jeweler who is internationally recognized for unique and high quality designs. Over 1 million loyal Le Vian® collectors worldwide crave the addictive uniqueness and individuality of Le Vian® designs.
The BIG Network was created to provide the link allowing the much needed collaboration between retailer and supplier. As vendors enroll in The BIG Network, retailers are able to share their data with that specific vendor. Contact BIG for instructions. GN Diamond has been in business for over 35 years with offices in Israel and Philadelphia.
While we often hear that the way we do business needs to change in order for us to remain competitive, few have offered viable solutions. One of the ways the industry can strengthen is through a closer collaboration between retailers and vendors.Through true partnerships, we believe we will be able to work together.
