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Trade Bodies Relaunch Cost of Business Survey
Jewelers of America (JA) has partnered with the Jewelers Board of Trade (JBT) to launch the Retail Jewelers Benchmarking Study, replacing the JA’s Cost of Doing Business Survey last published in 2015. The resulting report...
Retail Sep 05, 2019 Rapaport News
Erich Jacobs JBT thumbnail
JBT Names New President
The Jewelers Board of Trade (JBT) has appointed Erich Jacobspresident. He will succeed Richard Weisenfeld, who is retiring. Jacobs joined JBT in 2018 as vice president of informationtechnology, JBT said lastweek. Weisenfeld first became acting presidentin...
Polished Markets Aug 20, 2019 Rapaport News
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Jewelry Business Closure Rate Drops
The US jewelry trade contracted in the secondquarter, but the rate of downsizing has slowed, datafrom the Jewelers Board of Trade (JBT) revealed. In the three months ending June 30, 185 jewelry businessesexited the market,...
Retail Jul 21, 2019 Rapaport News
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Jewelry Business Closure Rate Slows
The US jewelry trade continued to downsize in the first quarter, albeit at a slower pace than in previous years, data from the Jewelers Board of Trade (JBT) revealed. The number of jewelry businesses exiting the market dropped64%...
Retail Apr 22, 2019 Rapaport News
US Jewelry Trade Continues to Shrink
The US jewelry industry downsized further last year, as bankruptciesand closures outnumbered new arrivals to the sector, the Jewelers Board ofTrade (JBT) reported. The number of businesses on the JBT’s books fell 4.4% to25,102 in 2018,...
Retail Jan 17, 2019 Rapaport News
US Jewelry Trade Shrinks by Nearly 5%
The US jewelry industry contracted again in the thirdquarter as more businesses left the sector than joined it, according to theJewelers Board of Trade (JBT). The number of recorded jewelry businesses fell 4.7% versusthe same period...
Retail Oct 21, 2018 Rapaport News
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133 Jewelers Join Sector in First Half
The number of new jewelry businesses in the US jumped 87% inthe first half of the year, even as the industry continued to shrink overall. A total of 133 companies entered the sector in the sixmonths to June 30, compared...
Polished Markets Jul 19, 2018 Rapaport News
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Jewelry Businesses Continue to Shutter
The US jewelry trade has shrunk 4% since a year ago, accordingto data from the Jewelers Board of Trade (JBT). A total of 25,667 businesses were in operation in the firstquarter of this year, 1,141 fewer than in the same...
Retail Apr 26, 2018 Rapaport News
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JBT Makes President’s Post Official
The Jewelers Board of Trade (JBT) has appointed RichardWeisenfeld as president, the industry group said Friday. Weisenfeld (pictured), who previously held executive positions at RivaPrecision Manufacturing, as well as at Pranda North America, has been actingpresident...
Polished Markets Mar 25, 2018 Rapaport News
Michael Kaplan
JBT Appoints New Chairman
The Jewelers Board of Trade (JBT) has appointed MichaelKaplan as chairman, replacing Todd Wolleman, the group said last week. Kaplan (pictured) has been involved in the JBT for 20 years,and was previously first vice...
Polished Markets Mar 21, 2018 Rapaport News
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Comment: Making the Most of Memos
Effective inventory management is vital in the challengingbusiness environment the jewelry industry is experiencing lately. Insufficientinventory can lead to lost sales; excess inventory ties up capital and incursfinance charges when merchandise is acquired with loans. For...
Polished Markets Feb 21, 2018 Robert A. Hoberman
JBT President Retires 150
JBT Chief Anthony Capuano Retires
Anthony Capuano (pictured) has retired from his role as president of TheJewelers Board of Trade (JBT) after 17 years with the group, it said Friday. Capuano began his career with the JBT as a board director in2000,...
Financial-Legal Feb 05, 2018 Rapaport News
US Jewelry Store Count Steadying 150
More Than 1,000 Jewelry Businesses Shut Last Year
The US jewelry industry continued to downsize in 2017, with 26,031 businesses operating at the end of the year, down 4% from the previous year, the Jewelers Board of Trade (JBT) reported. Some 1,022 jewelry companies closed...
Retail Jan 21, 2018 Rapaport News
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US Jewelry Stores Closing at Slower Rate
The shrinking of the US jewelry industry slowed in the firstquarter, as the number of shops shutting their doors dropped by 16%, accordingto the Jewelers Board of Trade (JBT).The decrease in jewelry store closings around the country —318...
Retail Apr 24, 2017 Rapaport News
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JBT Backs Chairman for Second Term
The Jewelers Board of Trade (JBT) has reelected Todd Wollemanas chairman for another year, the industry organization said.Wolleman (pictured), of New York-based colored-stone specialist LeoWolleman, was first voted in a year ago and received...
Polished Markets Apr 04, 2017 Rapaport News
Dione Kenyon
Former JBT Chief Chosen as GIA Chair
The Gemological Institute of America (GIA) elected industryveteran Dione Kenyon as chair of its board of governors.Kenyon (pictured), who recently retired as president and chiefexecutive officer of the Jewelers Board of Trade, will take over the role...
Polished Markets Dec 04, 2016 Rapaport News
More U.S. Jewelers Close Shop in 3Q
Jewelry business closures in the U.S. increased 31 percent to416 nationwide in the third quarter, according to data from the Jewelers Boardof Trade (JBT). Most companies had “ceased operations,” which means theyclosed for reasons...
Financial-Legal Nov 15, 2016 Rapaport News
Young Diamantaires
Young Diamantaires Group Gaining Momentum
A new initiative to encourage the involvement of younger diamantaires in the industry is gaining traction ahead of its first major networking event in September. The ‘Young Diamantaires’ project grew out of a need to get trade members aged less...
Polished Markets Aug 17, 2016 Rapaport News
Jewelry Business Closures Accelerate in 2Q
Jewelry business closures in North America surged 89 percentin the second quarter, extending a trend of an increasing number of firms quittingthe trade.Some 475 companies in the U.S. and Canada shuttered in thethree months to June 30, according to data...
Retail Aug 08, 2016 Rapaport News
Tony Capuano
Diamonds Driving Growth as Consolidation Continues
The U.S. jewelry market continues to consolidate but there are also areas of growth, according to Tony Capuano, who on April 1 became president of the Jewelers Board of Trade (JBT). In his first interview with Rapaport News...
Retail Jun 30, 2016 Avi Krawitz
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