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US Trade Continues to Downsize
The US jewelry industry contracted in 2019 as the number of businesses closing shop continued to exceed new entrants.The sector shrank 3.3% to 24,565 companies active in the fourth quarter, compared with 25,400 a year earlier, according to data...
Retail Jan 20, 2020 Rapaport News
Revamping Retail
Revamping the Retail Experience
For Andrea Hansen, a Blue Nile ad that ran during the 2015 holiday season perfectly captures the problem with jewelry retail. In it, a young man is looking at engagement rings through the window of a mom-and-pop store...
Retail Jan 02, 2020 Jennifer Heebner
Jewelry Businesses Closing at Higher Rate
The US jewelry trade contracted in the third quarter, withthe rate of downsizing gaining speed after a slowdown over the past few months,data from the Jewelers Board of Trade (JBT) revealed. In the three months ending...
Retail Oct 22, 2019 Rapaport News
Jewelry Vendors
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
Jewelry 150
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
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
Diamond Trader
Diamond Trading Slows over Diwali
RAPAPORT PRESS RELEASE, November 1, 2017, New York… Diamond prices softened slightly in October amid slow trading as businesses closed for Indian and Jewish holidays. Polished inventory levels dropped during the month, but...
Polished Markets Nov 01, 2017 Rapaport
Jewelry Prices
US Jewelry Trade Slowdown Eases
The shrinking of the US jewelry industry slowed in the thirdquarter, with the number of companies closing down or going bankrupt declining.Some 192 firms in the US ceased their operations in thethree months to September 30, a decline of 51% from...
Research Oct 26, 2017 Rapaport News
US Jewelry Business Closures Slow in 1H
The rate at which the US jewelry industry is shrinking slowed in the first half of 2017, as the number of businesses that closed dropped by 34% to 553, according to the Jewelers Board of Trade (JBT).“The decline in the number of companies...
Retail Jul 23, 2017 Rapaport News
diamonds pearls
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
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