In This Issue
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Featured Article
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I recently had a back and forth conversation between a few jewelers on Polygon about how some jewelers were doing well in this economy. The essence of the postings are below.
A jeweler should provide its OWN income. Meaning it shouldn't have to borrow to run daily. It should be like a vending machine.
• Put in fresh product
• Maintain machine
• Tweak and upgrade as needed.
• Dump inventory in machine when gets stale.
• Price product in machine to pay for spoilage so you won't get hurt by
throwing old and stale candy bars in the trash.
• Products from machine #1 should pay bills and help fund
installing machine # 2.
• Once you get machine #2 install, go back to list and start over.
This is the mantra in most ALL other retail industries. Clothing, cars, furniture, shoes ALL do above, except they don't do much OTC (car dealers do-they buy low, sell higher and guess what? They don't keep OTC cars long at all. Can't make money on a car? Bad buy? They sell below their cost to unload.)...
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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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Industry News
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Ramat Gan, Israel--The recovery continued for the Israeli diamond industry in the first half of 2010, the latest import and export statistics released by the country's Ministry of Industry, Trade and Labor show...
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Gold futures fell to a six-week low as rallies in global stock markets eroded demand for the precious metal as an alternative investment...
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CABINET has approved the immediate sale of diamonds mined in Chia-dzwa in a move set to fast-track economic turnaround...
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Buying & Selling on Polygon |
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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: |
355,950 |
Watches: |
2,904 |
| Jewelry In-Stock: |
18,784 |
Colored Stones: |
20,605 |
| Diamond Parcels: |
1,206 |
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(PDF) 
