Diamond Market Report 2012 – Q4
I received an email from Martin Rapaport this year talking about the diamond and jewelry industry. I don’t always read his emails, but this one in particular hit home because it was not just about diamonds but about the business world in general. I’ve written about Mr. Rapaport before. He’s arguably the most powerful man […]
A Lesson in Sales
Several years ago, when we had the pawnshop, I learned a valuable sales lesson from my father. We had a great guitar, a Fender Stratocaster, for sale. An old customer who doesn’t play guitar picked it out and brought it to the counter to purchase it. I got bent out of shape about it. If […]
Eric Clapton’s Patek Philippe Watch For Sale
Now this is cool! I’ve posted about large diamonds like The Graff Pink going up for auction and there are often famous guitars and instruments for sale though various action houses. However, when I saw that Eric Clapton’s Patek Philippe watch was going on the auction block, it gave me goosebumps. Granted, the star of […]
JCK Las Vegas Jewelry Show 2012
I usually give a rundown of my show experience in Las Vegas every June. Last year, we saw strong diamond prices and strong demand. This year, I felt like prices were a little softer in diamonds but not in other categories like luxury and watches. The show was pretty crowded and people seemed to be […]
Dealing in Recycled Diamonds
I was having an IM conversation with the editor of IDEX, one of the world’s leading diamond publications, and he said something that struck me. I mentioned how I was trying to buy as much as I can (from the public of course). His response, “the $1 billion mine”. So true. That’s what we do […]
Message To Retailers: Buy Diamonds For Stock!
In today’s economic climate, jewelry retailers need to find new ways to increase margins, while still competing with e-tailers and everyone else in their market. Buying gold has become a necessity for a lot of traditional retailers in order to keep cash flow positive. However, the gold buying train won’t last forever. Even the popular […]
Diamond Market Update: 2011, Q3
As the world economy dips into a recession, we’re looking at our holdings in diamonds and deciding how to navigate our through this market. The stock market has been getting crushed the past couple months and even metals are unstable. Gold reached a high of approx $1920 per ounce and is now hovering at $1650. […]
JCK Las Vegas 2011 – Diamonds Are King!
Interesting weekend we had in Las Vegas for the annual JCK Jewelry Show. This year they held the show at Mandalay Bay which was a much nicer venue than the Sands at Venetian. We stayed over at the new Cosmopolitan. GREAT hotel – best rooms in Vegas by far. All rooms have a terrace so […]
Selling Diamonds In Baltimore/Washington DC
I just want to share this video where I talk about what we look for when buying diamonds from our customers. Of course we also show a few nice diamonds in this one! Have a look and please click here to contact us if you’re in the market to sell your diamond.
When Will The Big Jewelry Companies WAKE UP?
I was reading my friend Rob Bates’s column in JCK Online, Diamond Shavings, and came across this article about Blue Nile and their plans for mobile over the next few years. From the article: But a phone call from a customer during the 2009 holiday season put the future into better perspective, says Diane Irvine, […]
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