Polygon - The Jewelry Industry's Largest Internet Marketplace
Insider News: April 2010

In This Issue

bullet Featured Article
bullet Business Intelligence Reports
bullet Industry News
bullet Buying & Selling on Polygon
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The Smart Jewelry Show

The SMART Jewelry Show by INSTORE and INDESIGN concentrates on what retailers need to know the most to grow their businesses:


• A better-balanced, better-performing inventory

• Numerous “action ideas” that you can begin implementing immediately upon your return from the show

• The chance to meet with and work with the most creative and successful jewelers in the industry

• A new feeling of inspiration about your business

• Plus, we want you to have fun all at the same time


REGISTER TODAY AT
www.smartjewelryshow.com

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Reach your target market with a new advertising opportunity and be seen by thousands of industry professionals every day.

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Featured Member

Danco Diamonds

30 Years of Family Tradition

Danco Diamonds is Canada’s largest online diamond buyer but mainly we are the desirable destination for diamond and jewelry wholesale. We are a reputable dealer and manufacturer known to offer high-quality diamonds and fine jewellery at below traditional wholesale prices

Our over 30 years of experience in the jewellery business, in the form of retail, wholesale, manufacturing and diamond trading with our alliance in New York, Hong Kong, Antwerp and Tel-Aviv has made us successful and one of its kind wholesale diamond dealer in Canada.

1-877- 323-2626

 

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Featured Article

“Improve just one thing in the shop and NET profits for the store by $44,375.00!”
By David Gellar

Almost every store has shop sales. Over 60% of all store traffic has to do with SERVICE whether you charge or not. You might have 75% of store DOLLARS come from selling product but service brings them into the store.

When I was a teenager in the 1960’s and worked for my father’s trade shop after school he also sold jewelry and did repairs to the public. Just come up to the 2nd floor and he’d serve you. At that time, to sell a 2 carat diamond and get keystone to triple key was like falling out of bed.

In the early 70’s I worked as a jeweler for Neiman Marcus. They sold a $100,000 emerald cut diamond engagement ring and made triple key.


But not anymore!

When you made triple key on diamonds (even keystone)
you could afford to do two things:

  1. Over buy inventory
  2. Give away repairs for free as a service.
With margins being so low today you can no longer afford to over buy nor can you afford to give away the shop.

Just like a car dealership, we have to contend with lower margins on product sales and make up for it with greater turn and inventory management. Then the service department has to stand on its own two legs and be a separate profit unit.


Try this one thing and add over $43,000 to the bottom line....

 

bullet Read Full Article

Business Intelligence Reports

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.

bullet Diamond Price Report pdf (PDF)
bullet Popular Diamond Report
bullet Metal Price Report

Industry News

Gold Climbs to 12-Week High on Demand for Currency Alternative

April 7 (Bloomberg) -- Gold jumped to a 12-week high on demand for an alternative investment to currencies as the euro weakened against the dollar....

bullet Read Full Article

Category analysis: A very long engagement

As retailers wait for consumer confidence to return to pre-recession levels, there's one area they can count on to deliver sales for the long haul: bridal. For 2010, take stock in vintage-style rings, simple, classic looks that don't go out of style and unique designs that feature color...

bullet Read Full Article

Zimbabwean authorities "institutionalised trade in blood diamonds"

Taxis waiting at the busy border crossing between Zimbabwe and Mozambique are not meant for ordinary passengers. Their burly drivers try to tempt anyone who sets foot on Mozambique’s territory to drive with them to the town of Vila de Manica, some 20 kilometres away....

bullet Read Full Article

Rare blue diamond fetches $6.4M in Hong Kong

HONG KONG - A rare 5.16-carat blue diamond sold at auction for $6.4 million in Hong Kong on Wednesday, confirming Asia's fast-growing taste for the precious stone...

bullet Read Full Article

Buying & Selling 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    
Diamonds In-Stock: 353,264 Watches: 3,392
Jewelry In-Stock: 18,499 Colored Stones: 17,944
Diamond Parcels: 2,357    

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