The International Herald Tribune has an interesting article about Jewelry that features Warren Buffet's take on making money in the Jewelry Business.

Excerpt:

"All jewelers turn their inventory very slowly, and that ties up a lot of capital. Once-a-year turnover is par for the course. The reason is that people buy jewelry infrequently, and then they are making both a major and a very individual purchase. Therefore, they want to view a wide selection. Given that turnover is low, a jeweler must obtain a relatively wide profit margin on sales in order to get a mediocre return."

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