GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Jewelers of America Released New Report on Cost of Doing Business

05 september 2014

Jewelers of America, a national trade association, released a new report, “2014 Jewelers of America Cost of Doing Business,” a unique effect-oriented reference guide for jewelry retailers. The report highlights financial results attained by jewelry companies in 2013 across the board, providing data on sales, distribution of products, operating activities and disclosing high margins in jewelry retail. The report may be used by company owners and managers to learn how to make their business more profitable and compare their performance.
“The Jewelers of America Cost of Doing Business Report is designed to make it easy for jewelers to take a closer look at their balance sheets to benchmark their business operations. Our goal is to help retail jewelers see where opportunities lie and become more profitable,” says JA President & CEO David J. Bonaparte.
The report analyzes a wide range of jewelry retail and design companies with annual sales up to $ 800,000 and higher. According to JA, high-profit jewelers had their margins hit almost 12 percent in 2013, which is three times higher than the average for jewelry companies - 3.6 percent.
Jewelers of America will hold a free webinar on 10 September, during which it will disclose additional results and retailers will be able to learn how to achieve realistic profit goals.

Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished