In This Issue
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Polygon is the jewelry industries largest e-marketplace. Every day, thousands of Polygon members buy and sell diamonds, jewelry, colored stones and watches on our network.
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Featured Members
Jack Hunt Coin Broker is a nationally recognized buyer of scrap gold, silver & platinum and distributor of bullion products including U.S. Silver & Gold Eagles, Canadian Gold & Silver Maple Leafs & South African Krugerrands.
For over 40 years we have offered superior service at competitive pricing to the coin, pawn and jewelry industry allowing us to become one of the top scrap purchasers and bullion wholesale distributors in the United States.
You can count on our reputation on fast and honest service. Ask your friends in the business, we’ll treat you right!
Learn more about us, visit www.jackhunt.com
Would you like to have your company featured here and be seen by over 25,000 jewelry industry professionals? Please email us at: advertising@polygon.net.
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Calendar of Events
New show dates:
September 13-15, 2009
Show Dates:
July 26-29, 2009
Javits Convention Center
New York City
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Member Quote
 Inventory power has been a valuable asset to our diamond business. The phone and e-mail requests from customers has allowed us an increased market share and has increased our diamond sales
Robert Billick
Buffalo Wholesale Jewelers, Inc.
Member since 2005
Buffalo Wholesale Website
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Featured Article |
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Polygon welcomes David Geller as contributing editor to our newsletter. As a
consultant and the author of the widely used“Geller's Blue Book”, David has
helped hundreds of independent jewelers improve their business. You can find
out more on his website: www.jewelerprofit.com
Jewelers across the country are all trying to get the highest markup on their products. You
can make more money selling it for less as long as you sell it more often.
Many a storeowner has thought “I’ll buy it and they will come.” You stocking it does not
mean they will buy it. Think of your inventory as “ice”. There is sits, valuable inventory
ready to make you some money, but losing value every minute as it melts. Ever notice
how ice is more expensive that water? If you don’t sell the ice within 24 hours all you’ll
have is water and you’ll have a hard time getting the same...
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Industry News |
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So much for diamonds as a best friend. For jewelers, the gems have lost some of their BFF status to the economic downturn.
Only 25 percent of those participating in National Jeweler's Product Panel reported that non-bridal diamond jewelry comprises 40 percent or more of their overall sales (compared with 36 percent who make that same claim for bridal), yet diamond necklaces, earrings and bracelets do remain a staple for many retailers.
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It's almost as if someone turned on the switch for the blue-light special and forgot to flip it back off.
From exclusive boutiques to nationwide chain stores, retailers were slashing prices up to 70 percent storewide, and offering buy-one, get-one-free specials over the past holiday season.
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New York--Watch sales are suffering at the hands of the economic slump like the rest of the luxury market, but more modestly priced and classic timepieces are poised to hold their own better than others, industry experts say.
"In the past, many jewelers did not want to bother selling watches under $400 or $500, but that has completely reversed," says American Watch Guild Executive Director Bert Kalisher. "Now, stores that never carried watches priced $100 to $400 are starting to stock them, and they find it's working. Consumers are buying at those price points, and watch companies are paying attention to this. They have to."
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Business Intelligence Reports
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In today's global market, business intelligence is vital to your company's success. Timely access to market information including price, characteristics, quantity and availability gives your company a competitive edge in a globally competitive world. These reports are just what you need to give you a strong feel for the market.
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Buying & Selling on Polygon
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The examples to the right are just a few of the thousands of items currently being bought and sold on Polygon. Below you will see a snapshot of the number of diamonds, finished jewelry pieces, colored stones, watches and diamond parcels available on Polygon right now!
| Polygon at Glance |
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| Diamonds In-Stock: |
359,389 |
Watches: |
6,053 |
| Jewelry In-Stock: |
16,998 |
Colored Stones: |
16,822 |
| Diamond Parcels: |
2,571 |
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(PDF - 0.35Mb) 
