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BusinessWire: Wal-Mart number on Jewelry Retailer
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Jewelry in the news: Wal-Mart Has Risen to Number One in Jewelry Retailing, yet the Prime Target Market for Jewelry Doesn't Even Shop There, says Unity Marketing.
Excerpt:
In 2003 half of American consumers bought jewelry and/or watches and spent $53.6 billion. Jewelry sales rose 5.1 percent over previous year, corresponding with renewed strength in the luxury market. The typical jewelry consumer is a 'twenty-something' to 'fifty-something' higher-income woman. But these facts just scratch the surface of an increasingly fragmented market for jewelry, according to a new study of the jewelry market by Unity Marketing.
"Today there isn't just one jewelry market. Rather when we talk about jewelry consumers, we need to look at discreet segments characterized by entirely different patterns of buying behavior. There are men buyers vs. women buyers; fine jewelry vs. costume jewelry buyers; gift purchasers vs. self purchasers. These segments overlap and intersect, requiring marketers and retailers to shift and turn in response to which type of customer is in view. Whereas the jewelry business used to be simple, today it is much more complex due to increasing market fragmentation," explains Pam Danziger, president of Unity Marketing and author of Why People Buy Things They Don't Need. by
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The Journal News: Rockland jewelers make convertible jewelry
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Jewelry in the news: Rockland jewelers make convertible jewelry.
Excerpt:
"Transformers" action figures, a huge hit in the 1980s, were a two-for-one toy. The small plastic figures started out as trucks, police cruisers and race cars, and with some maneuvering could be transformed into robots.
Think of convertible jewelry as "Transformers" for adults.
Last Tuesday the U.S. Patent and Trademark Office issued a patent for "Convertible pendant jewelry" to Rockland residents William Molino, Mike Buryakov and Igor Dranovsky. Molino and Buryakov are partners in a Pomona jewelry store, Molino Jewelers.
Molino and Buryakov (Dranovsky is no longer part of the business) have developed and now sell about 12 different convertible pendants, which hang on chains. One pendant begins as two interlocked horseshoes. Open up the small hinged pieces and you have a new design that looks like two crisscrossed lines.
Other pendants start as a heart, a Star of David and a cross, then transform to other, more linear designs. The pendants range in price from $350 to $799.
"In the jewelry business, it's very hard to invent something new," said Buryakov, 49, a New City resident. "With this idea, you can make a thousand different designs. You can open almost anything." by
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Six Shot: Baby Settles Lawsuit And Mack 10 Denies Allegations!
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Bling Bling in the news: Baby Settles Lawsuit And Mack 10 Denies Allegations!
Excerpt:
Bryan "Baby" Williams has settled a lawsuit alleging he failed to pay $85,000 for jewelry he ordered, court records show.
Williams and King's Jewelers in Bay Harbor Islands, near Miami Beach, settled for $57,500, according to the records available Friday. Williams gets the jewelry and neither party admits liability or wrongdoing under the settlement.
Williams, ordered a $23,500 pendant made of 18-karat white gold and large diamonds to form the initials BM, along with nine white gold, diamond-studded pendants inscribed with the name of his record label, Cash Money Records, worth $54,000 total, the lawsuit in October alleged. by
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Business Wire: Maria Shriver Jewelry Line Featured at SF Gem and Mineral Show
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Jewelry design in the news: Rare Gold Exhibits and Maria Shriver Jewelry Line Featured at SF Gem and Mineral Show, August 7 and 8; Mayor Declares Gem and Mineral Week in SF
Excerpt:
recognition of an upcoming 50th Annual San Francisco Gem and Mineral Society Show and Sale, Mayor Gavin Newsom has proclaimed August 1 through 8 as "Gem and Mineral Week in San Francisco."
The nonprofit earth sciences society, one of the largest in the state, is also announcing several significant additions to its golden anniversary weekend event, August 7 and 8, 10 a.m. to 5 p.m. in the County Fair Building, off Ninth Avenue and Lincoln Way in Golden Gate Park.
Recently confirmed exhibits of rare gold will be presented along a special "Gold Row" by prominent museums and historical organizations In addition, a dealers gallery adjacent to the exhibition hall will feature a new line of handmade jewelry inspired by California First Lady Maria Shriver, launched recently to help fund the state's trade and cross-cultural initiatives.
The California State Mining and Mineral Museum will display rarely seen crystallized gold and nugget specimens dating back to the late 1880s, and Wells Fargo Historical Services will provide an assortment of historic mining tools and documents from the Gold Rush era
by
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Bloomberg: Gold Rises as Dollar Drops, Lower Prices Spur Jewelry Demand
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Jewelry in the news: Gold Rises as Dollar Drops, Lower Prices Spur Jewelry Demand
Excerpt:
Gold rose for the first day in six in London, as the dollar dropped against the euro and jewelers took advantage of prices near a one-month low.
Dollar-denominated gold tends to rise when the dollar falls as it becomes cheaper to buy with other currencies. The dollar gained 3 percent against the euro last week on speculation the Federal Reserve will boost U.S. interest rates further. Gold fell 4 percent in the period, touching $394.48 Friday, the lowest since June 18.
``A consolidation might be on the cards after such a huge sell-off, with a backlash in the euro, and as lower prices have fuelled physical demand,'' Alexander Zumpfe, an analyst at Dresdner Kleinwort Wasserstein in Frankfurt, said in an e-mailed report. by
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Herald: From media director to jewelry designer
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Jewelry Design in the news: From media director to jewelry designer.
Excerpt:
all began with cigar boxes. Two years ago, after receiving a trendy purse made from a cigar box, Eileen Sanchez-Medina decided she could make her own and do a better job of it.
Armed with a healthy interest in improving the product, the Coral Gables resident started experimenting with different materials and last May decided to make a career of it. Stepping up production and adding new styles, Sanchez-Medina started selling her cigar-box purses by word of mouth to women she knew from church and her children's school. The new designer then made the leap to retail when a spa in South Miami and a retail shop in Little Havana started carrying her handbags. by
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Reuters: Moody's rates Finlay Fine Jewelry senior notes B1
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Jewelry in the news: Moody's rates Finlay Fine Jewelry senior notes B1.
Excerpt:
Moody's Investors Service assigned a B1 to Finlay Fine Jewelry Corporation's proposed senior notes. The outlook was changed to stable from positive. The followings rating were assigned: Finlay Fine Jewelry Corporation: Senior implied of B1; $200 million senior unsecured notes of B1; Senior unsecured issuer rating of B1. The following ratings were withdrawn: Finlay Enterprises: Senior implied rating of B1; Senior unsecured issuer rating of B3. On May 7, 2004, Finlay Enterprises and Finlay Fine Jewelry began a cash tender offer and consent solicitation for $75 million senior debentures at Finlay Enterprises (holding company parent of Finlay Fine Jewelry) and $150 million senior notes at Finlay Fine Jewelry (operating company). by
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Chicago Sun Times: Tiffany backs environmentalists' push for Earth-friendly jewelry
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Jewelry in the News: Tiffany backs environmentalists' push for Earth-friendly jewelry.
Excerpt:
One gold ring, conservationists say, generates 20 tons of mine waste. This year, they passed out Valentine's Day cards reading, ''Don't tarnish your love with dirty gold'' in front of jewelry stores in New York, Boston and Washington.
The campaign caught the attention of Tiffany & Co., which took out a recent ad in the Washington Post that said a proposed mine under the Cabinet Mountains wilderness of Montana is a poor way to fill its jewelry cabinets on Fifth Avenue.
''Given the impact of mining for gold, silver and platinum, they are a company who cared about how they were viewed and what their customers think,'' said Steve D'Esposito, president of Earthworks, the environmental group leading the campaign.
The ad, signed by Tiffany chairman and chief executive Michael J. Kowalski, surprised leaders in the mining industry.
''I was stunned that a person of Mr. Kowalski's stature and obvious business acumen would write a letter like that,'' said Laura Skaer, head of the Northwest Mining Association in Spokane.
The jewelry industry has already started the process of guaranteeing that its raw materials came only from socially and environmentally friendly mining companies, according to Jewelers of America, an industry group. by
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Sacramento Bee: Kim Basinger's Jewelry Auction fetches $140,000 for pet rescue organization
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Jewelry in the News: Basinger's jewelry fetches $140,000 for PAWS at auction.
Excerpt:
A collection of Basinger's baubles, sold in an auction sponsored by Christie's in New York, fetched about $140,000 for PAWS, said Pat Derby, founder of the rescue organization.
Basinger, who won an Academy Award for her role in the movie "L.A. Confidential," is a longtime friend of the organization that houses abandoned and retired animals from circuses and other parts of the entertainment industry. PAWS residents include lions, tigers, bobcats, bears, primates and wolves. by
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ABS - CBN Interactive: Imelda Marcos' jewelry to be auctioned
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Jewelry in the news: Imelda Marcos' jewelry to be auctioned.
Excerpt:
Jewelry once owned by former first lady Imelda Marcos is to be auctioned overseas, the Presidential Commission on Good Government (PCGG) said Tuesday.
At least two international auction houses have expressed interest in selling off the trinkets recovered by the PCGG, chairperson Haydee Yorac said Tuesday.
Asked at a forum organized by the Foreign Correspondents Association of the Philippines for a valuation of the jewelry, Yorac said "around 10 million US dollars."
"We are looking at auctioning the jewelry in either Hong Kong, London or New York," Yorac added.
She denied media reports that much of the jewelry now held in the vault of the Philippines' central bank was in fact fake. "The jewelry has been independently valued and found to be genuine," she said. by
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