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Recession has Already Hurt Half of the Jewelry Industry Businesses in U.S.

The deepening U.S. recession, and credit and banking crises, has already impacted more than half of the businesses in the North American jewelry industry, including retailers, manufacturers and suppliers, find new JCK national surveys. And most expect it to get worse over the next couple years before it gets better. More

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CURRENT ISSUE

  • Online Holiday Sales Flat
    For the November – December 2008 holiday season through Dec. 14, $20.17 billion has been spent online, essentially the same level compared to the corresponding days last year, according to digital tracking company comScore.
  • Holiday Traffic, Sales Down at Retail Centers
    Foot traffic at U.S. malls and shopping centers fell 17.9 percent and year-over-year for the week ending Dec., according to ShopperTrak. Meanwhile, retail sales declined 0.3 percent for the same period.
  • Rado Wins Top Austrian Watch Prize
    The Integral Jubilé timepiece of Rado, the upscale Swiss watchmaker, in December won the 2008 “Feminine luxury watch” award at the annual “Watch of the Year” event in Vienna, Austria, sponsored by Die Presse, Austria’s leading daily newspaper.
  • IsDMA President Proposes $2.25B Credit Fund
    Israel Diamond Manufacturers Association president Moti Ganz called on the Bank of Israel to intervene in the terms of credit made available to the Israeli Diamond Industry.


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  • Blogs
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Shanu Singh Guliani
BEHIND THE COUNTER

December 17, 2008
Employee Purchase for a Gift: How do you Handle Discounts?
So here it is—my employees are ordering items for their family from Quality Gol...
More
Cynthia Sliwa
JEWELS ON JEWELS

December 17, 2008
Customer Watch: Jewelry of Successful Women
Because the economy and the shrinking job market been so much on everyone’s min...
More
Hedda Schupak
JCK Voices

December 16, 2008
Silver and Gold...and Platinum Too!
This time of year, mention “silver and gold” and I start hearing Burl Ive...
More
Rob Bates
CUTTING REMARKS

December 16, 2008
More Diamond District Arrests to Come?
There has been a lot of chatter about last week's arrest of a group of suspects, in...
More
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Kenjo Holiday Party
Watch retailer Kenjo's annual holiday party at its Manhattan store was filmed by Wi-Fi TV's new luxury watch program. Representatives from leading Swiss watch companies, showed their latest lines to party guests and gave interviews on trends for 2008.
Window Shopping: Holiday 2007 Edition Photo Gallery
'Tis the season of visual opulence; for proof, one need look no further than the nearest commercial shop window. Join us on a walk down Fifth Avenue from 57th to 39th street.
Gold Expressions 2008
Jewelry from "Gold Expressions" - The Language of Italian Design 2008 Collection. Presented by the World Gold Council, this event was held on Monday, December 3, 2007, in the Penthouse of the American Airlines Theatre in New York City.

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