Prepare for the Next Recession

What sales teams should do

To prepare for the next recession?

According to the ink by Mark Kovac, a partner with Bain & Company & Jamie Cleghorn, the current economic expansion is long by historical standards, and thus the risk of recession rises with each passing month. Recessions catch many companies by surprise, with predictable results. In the 2001 recession, total sales for the S&P 500 declined by 9% from its pre-recession peak to its trough 18 months later-almost a year after the recession officially ended. But these periods also present opportunities for well-prepared companies to take advantage of the turmoil and gain share.

Session on Jewelry Care

GSI and KMJ Jewellery host a Live Demo

Gemological Science International (GSI), one of the largest independently owned gemological organization in the world recently hosted a Jewelry Cleaning session with Free Interactive Demo session for clients at the KMJ Jewelers showroom.

The highlights of the seminar included a live demo session on jewelry cleaning and cleaning the jewelry of participants with the help of an ultrasonic cleaning machine followed by an interactive Q&A session by the participants. The enthusiastic participants at KMJ gained knowledge about the skills required for cleaning and taking care of their precious gold as well as studded jewelry through this interactive session.

Priyanka Chopra says, I Do with Platinum

Priyanka Chopra, the multi-talented actress selected a Platinum wedding band from Chopard when she said “I Do” to Nick Jonas on December 1st during their Western wedding ceremony in Jodhpur, India. Priyanka's band comes from the Haute Joaillerie Collection, featuring 3.90-carats of Ashoka-cut diamonds with an east/west setting, in platinum.

Aside from her wedding band, Priyanka has also been spotted wearing platinum jewelry to the US Open on September 5th and to the Kate Spade Fashion Show in New York on September 7th.

Going platinum seems to be an ongoing trend for this year. Another celeb couple who chose platinum for their nuptials was the Deep-Veer Jodi where Ranveer Singh gave a huge solitaire set in rare platinum to Deepika. Platinum is indeed one of the rarest metals in the world that resonates with young couples today as the ideal metal of “love”.

Joyalukkas launches new collection

Unveils the Forevermark Elements Collection

In anticipation of the New Year, Forevermark, the diamond brand from De Beers Group introduces the ‘The Forevermark Elements Collection’, designed exclusively by Joyalukkas, an authorised Forevermark jeweller.

Set with rare, beautiful and responsibly sourced Forevermark diamonds are at the heart of each piece of The Forevermark Elements Collection is inspired by the symmetry in design with three dominant shapes - each shape reflecting a unique facet of a woman.

78 carat diamond recovered at Mothae

Lucapa Diamond Company and the Government of the Kingdom of Lesotho announce the recovery of a 78 carat white diamond from the high-quality Mothae kimberlite mine in Lesotho. The 78 carat white diamond is the largest Special recovered through the new 1.1Mtpa Mothae treatment plant following the commencement of commissioning and recovery of commercial diamonds.

A second operating shift has now also commenced at the Mothae plant as part of the progressive ramp up to the 1.1Mtpa nameplate capacity. 78 carat white diamond (pre-boiling) recovered through the new 1.1Mtpa Mothae treatment plant!

Diamond cutting to be a key in Armenia!

Cutting diamonds should be one of the main areas that will develop the economy of new Armenia. This was announced by the Acting Prime Minister of Armenia Nikol Pashinyan during the pre-election campaign in Nor Hachn. "In the new situation this issue is not easy to solve, but I believe that we can achieve success in this area," Pashinyan stressed.

He noted that from 2000 to 2010, about 10,000 jobs in the field of diamond cutting were closed in Nor Hachn. "These jobs were closed due to the manipulations that took place with the AMD course," Pashinyan stressed.

He also noted that the new authorities are doing everything possible so that investors come to Armenia and make investments in the field of diamond cutting.

Retailers Continue Rush to Beat Tariffs

Monthly Imports reach 2 million containers for first time as retailers continue rush to beat tariffs said NRF! Imports at the nation’s major retail container ports have set another new record, reaching 2 million containers in a single month for the first time as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates.

“President Trump has declared a temporary truce in the trade war, but these imports came in before that announcement was made,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We hope that the temporary stand-down becomes permanent, but in the meantime there has been a rush to bring merchandise in before existing tariffs go up or new ones can be imposed. China’s abuses of trade policy need to be addressed, but tariffs that drive up prices for American families and costs for U.S. businesses are not the answer.”

Retailers Continue Rush to Beat Tariffs

Monthly Imports reach 2 million containers for first time as retailers continue rush to beat tariffs said NRF! Imports at the nation’s major retail container ports have set another new record, reaching 2 million containers in a single month for the first time as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates.

“President Trump has declared a temporary truce in the trade war, but these imports came in before that announcement was made,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We hope that the temporary stand-down becomes permanent, but in the meantime there has been a rush to bring merchandise in before existing tariffs go up or new ones can be imposed. China’s abuses of trade policy need to be addressed, but tariffs that drive up prices for American families and costs for U.S. businesses are not the answer.”

The market is hungry for a change in practice!

Last year, a select group of Fine Jewellery designers was challenged by Vogue Italia to fashion one-of-a-kind pieces from an unlikely sustainable material. The results-exhibited and sold for charity at an event called The Protagonist in New York - were a clarion call for a more ethically aware industry.      

This year, The Protagonist curated by Vogue Italia is back, with responsibly sourced fine jewellery crafted by fourteen designers which will be showcased at an exclusive event at Christie's in New York on December 10.       

Celebrate American Ingenuity

Designed to highlight American creativity and resourcefulness, the American Innovation $1 Coin Program challenges each State or Territory to define its place in the Nation’s history of innovation. Each of these jurisdictions, in consultation with the Department of the Treasury, identifies concepts emblematic of an innovation, an innovator, or a group of innovators unique to that location and significant to the country’s progress. The Secretary of the Treasury approves the final design to be struck on each State’s or Territory’s representative coin.

The 2018 American Innovation $1 Proof Coin launches the American Innovation $1 Coin Program, which celebrates and honors significant American innovation and pioneering efforts of individuals or groups in each of the 50 States, District of Columbia, and U.S. territories.