Feb. 10, 2011

AGTA reports increased attendance and buying activity at GemFair™ Tucson
Buyers flocked to the annual American Gem Trade Association (AGTA) GemFair™ Tucson to source gemstones and pearls, learn about new trends and network at nightly events. AGTA reported an increase in buyer attendance despite weather issues nationwide affecting travel to the event. Buyer attendance was up 5 percent over 2010, building on a 7 percent increase from the previous year.More

Worth the wait: Oscar Heyman's latest masterpiece
JCK Online
A new necklace from Oscar Heyman features gemstones dating to the 1930s. The piece is comprised of more than 400 carats of gemstones in 18-karat gold and platinum, and has been "a symphony in the making" for nearly 80 years.More

Michelle Obama on Valentine's Day gift-giving: 'Jewelry always'
ABC News
What does first lady Michelle Obama want for Valentine's Day? "Jewelry always," she said, "You can't go wrong." During an interview on "Live With Regis and Kelly," the first lady joked that she hoped her husband was watching her on TV so he'd pick up a few hints for Valentine's Day.More

Africa exports cap makes India look for non-African gemstones
Financial Chronicle
A shortage of colored gemstones, due to a cap on exports or civil strife in African nations, has prompted Indian gems and jewelry exporters and importers to set up a firm to engage in sourcing gem stones from across the world and distribute them in India.More

Colored diamonds lead Christie's record-breaking year for jewelry sales
Israel Diamond Institute
A number of spectacular sales of fancy colored diamonds helped push jewelry sales at Christie's International to a record high of $426.4 million for 2010, a 56 percent increase over the auction house's global jewelry sales for 2009.More

Don't just engage in social media, monetize it
The Huffington Post
The experts tell us that social media is here to stay. It's no longer a question of "if" your business will have a presence on social media but "when" and "how." But while many small business owners may be actively participating on social media networks, if someone asked "why" or "how" they are using it to bring in new customers, they wouldn't have clue.More

Gap closes between retail and producer price inflation
IDEX Online
The margin squeeze at the retail level abated for jewelers in December, according to research from IDEX Online. Retail jewelry prices rose much more than expected, and producer price inflation eased modestly, which was also unexpected.More

India's gems, jewelry exports to cross $30 billion
Rediff Business
India's gems and jewelry exports are likely to cross the targeted $30 billion for the current fiscal due to a healthy demand from the Western markets, such as the United States and Europe. The country's gems and jewelry exports are expected to rise 17.8 percent to $33 billion in 2010-11, said Gems and Jewelry Export Promotion Council Chairman Rajiv Jain.More