Posts Tagged ‘ Business and Economy ’

Rapaport Reports on Jewelry Industry Inflation and Diamond Trading Trending

Rapaport Reporting: Jewelry Industry Inflation

From: rapaportgroup  | Jun 23, 2011  | 95 views
RAPAPORT…
Jewelry inflation in the U.S. continues as the price of precious metals and diamonds climb. According to comScore, the popularity of online video and the ever-changing habits of viewers present an opportunity to advertise your brand.
A report from Rice Universityassociate professor of management, Utpal Dholakia, businesses can gain traction using “daily deals” websites, but there are many elements a brand must consider. Over the next few years, it is likely that daily deal sites will have to settle for lower shares of revenues from businesses compared with their current levels, and it will be harder and more expensive for them to find viable candidates to fill their pipelines of daily deals, according to Dholakia. In his third study – the most exhaustive study done to date on the daily deals industry – Dholakia found that there is very little difference between companies in the ever-expanding competition for consumer dollars, and it will be difficult for any one site to stand out from the others.”

Rapaport – Information That Means Business

Check out what Rapaport Reported on the Success of the

June Hong Kong Jewellery & Gem Fair!!!

See Video HERE: 2011 JUNE HONG KONG JEWELLERY & GEM FAIR

The Hong Kong International Jewellery Show wrapped up this week on an extremely positive note with a new record of 37,000 total attendees. The show attracted more than 2,800 exhibitors from 46 countries and regions — making it the largest for this show’s history. The number of buyers increased by 16 percent overall and the number of overseas buyers increased by 23 percent, led by Hong Kong’s three major export markets for fine jewelry — buyers from the U.S. rose 22 percent; buyers from France increased by 30 percent and buyers from Switzerland rose 6 percent. Buyers from emerging markets increased as well. Buyers from the Chinese mainland rose 33 percent, buyers from India rose 41 percent, Russian buyers in attendance increased 27 percent, Brazilian buyers rose 29 percent and there were 16 percent more buyers from Japan at this year’s show.

The Diamond Trading Company opened its 2012-contract period sightholder process this week. Those intending to register for this first round for sights in London, Botswana and Canada must submit audited financial information and a meet certain requirements regarding minimum revenue stream and rough utilization during each of the past three years. Applicants for sights in South Africa and Namibia have lower minimum requirements. All applicants must prove that they adhere to De Beers best practice principles and guarantee that they never traded diamonds outside of the Kimberley Process. The next phase of the sightholder application begins on April 18.  More information is available here.

June Hong Kong Jewellery & Gem Fair 2011: ‘Rapid Reporting’ Recap by Raymond Lee Jewelers

Raymond Lee Jewelers

‘Rapid Reporting’

Top of the morning to you, everybody. I trust that everyone has rested up and recharged their batteries, ready to dive into a paramount and productive week. 🙂

If not, please go grab yourself a nice hot cup of coffee, send me one, and let’s get to some seriously ‘Rapid Reporting‘ of the June Hong Kong Jewellery & Gem Fair 2011 recap.

Hong Kong Jewellery and Gem Fair 2011

On the final day of The June Hong Kong Jewellery & Gem Fair, one of the top three jewellery shows in Asia, held at the Hong Kong Convention and Exhibition Center, had already been attended by 19, 968 visitors.  According to JewelleryNetAsia.com, the number of both unique and return attendees to this years June Hong Kong Jewellery & Gem Fair had shown an increase of 21.5%, compared to the statistics of last June.

From the first day of registration, where overwhelming lines and unexpected spikes in visitors surprised event coordinators, a foreshadowing of one of the most successful years for the Jewellery & Gem Fair was underway. On the first day of the fair, June 23rd, the Antique Jewelry Hall required an additional floor of exhibitor space to accommodate the heightened intrigue with antique jewelry.

By the time press releases from Asia could be found online, initial reports related to the jewelry fair were enthusiastically announcing the June Hong Kong Jewellery & Gem Fair 2011 had opened to a record breaking turnout of buyers, exhibitors and enthusiasts.

HONG KONG, June 23, 2011 /PRNewswire-Asia/ — June Hong Kong Jewellery & Gem Fair 2011

Jime Essink, President and CEO of UBM Asia said: “We are delighted that the June Hong Kong Jewellery & Gem Fair hits a new record high of 1,600 exhibitors this year, a 25% rise on 2010. This further confirms that jewellers around the world recognise the value of joining the June Fair.”

Celine Lau, Director of Jewellery Fairs, UBM Asia Ltd said: “The June Fair is an important event in the trade show calendar. To mitigate the risk of holding too much stock, buyers prefer to make more frequent sourcing trips. This propels the growth of the June Fair which presents buyers with the opportunity to source from quality suppliers from around the world every mid-year.”

Over 60% of those attending the Jewellery & Gem Fair in Hong Kong traveled from overseas, just as Raymond Lee Jewelers did. The June Hong Kong Jewellery & Gem Fair 2011 attracted more than 1,596 companies from around the world, with 19,968 visitors from 102 countries and regions having visited the fair before the final day had commenced. The top five of those visiting countries include China, India, Taiwan, Philippines and Thailand.

Statistics Provided by JewelleryNetAsia.com

Numbers of Visitors as Reported by the June Hong Kong Jewellery & Gem Fair:

  • Day one: 9, 835
  • Day two: 5, 771
  • Day three: 4, 362

Cartier Hong Kong

 In addition to the incredible turnout of the June Hong Kong Jewellery & Gem Fair, the trip of our President and VP to Asia proved to include a surprise set of front row seats of the strengthening overseas economy. Just as the diamonds, pearls and gemstones from all over the world were illuminating the streets of Hong Kong for the Jewellery & Gem Fair, the prevalent and increasing use of the euro as currency seemed to shed a bright light on the dedication of  both China and Japan, Asia’s first and second largest economy and foreign exchange reserves powers, to bring financial stability to Europe.

As China’s most valuable economic partner, Europe is being strongly supported in Asian markets. Several reports have been published recently by French media outlets, confirming that the Chinese have taken several different actions which show their support and dedication to the financial recovery of Europe.

Japanese Finance Minister Yoshihiko Noda 21, also said it would continue through the purchase by the European Financial Stability Fund bonds, etc., to help Europe deal with the debt crisis.

Having traveled from The States, where citizens have spent the past few years fighting a seemingly endless battle for survival through grave economic uncertainties, the scenery of Hong Kong was something so far from the picture of pinching pennies. In the photographs my boss was able to send, it is clear to see upon first glance the current state of world economy, captured in the images of consumers in Hong Kong.

Locals of Hong Kong, and those who traveled from China’s mainland in avoidance of the sales tax, formed lines which wrapped around the block, eagerly awaiting to enter the retail priced storefronts of such names as Cartier, Chanel and Gucci. Business was booming, and not just at The June Hong Kong Jewellery & Gem Fair… Business in Hong Kong seems to be booming everywhere!

Louis Vuitton Hong Kong

Hong Kong Jewellery & Gem Fair Rapid Reporting

‘Rapid Reporting’

 Raymond Lee Jewelers

June Hong Kong Jewellery & Gem Fair 2011

June Hong Kong Jewellery & Gem Fair 2011

We have received word from the Raymond Lee Jewelers crew currently across the world, exhibiting at the June Hong Kong Jewellery & Gem Fair 2011, the largest jewelry trade show in Asia.  Thanks to a few great bosses who took the time to keep us up in the loop checked in with us back here in The States with notations of observation on the unfolding trade show action, I have my hands on some very interesting  information and illustrious images of the June Hong Kong Jewellery & Gem Fair 2011.

On this 23rd day of June, I am pleased to present you with with the following installment of jewelry industry trade show. . .

Rapid Reporting‘  .  by  .  Raymond Lee Jewelers 

There has been a buzz making its way through the jewelry industry in regard to an increased demand for antique jewelry. The proof of that surge was exposed on the first day of the June Hong Kong Jewellery & Gem Fair 2011, as the antique jewelry section of the exhibition venue has doubled in size since last year.

I was informed that UBM had to split exhibitors of antique jewelry into two floors, in order to provide sufficient display and browsing room for both exhibitors and attendees of the show with a fixed focus on antique jewelry.

As reported by the Diamond News Center in Israel:

‘Hong Kong June Expo Sees Record Number of Visitors on Opening Day’

23.06.11, 13:46 

“The June Hong Kong Jewellery & Gem Fair opened Thursday to record numbers of both visitors and exhibitors. Registration lines were longer than expected because of the high demand.”

“The exhibition’s organizers are pleased with this year’s show and say that it is hosting over 1,500 exhibitors from 37 countries, a 20% increase over last year.”

Raymond Lee Jewelers: June Hong Kong Jewellery & Gem Fair 2011

Raymond Lee Jewelers: Hong Kong Jewellery & Gem Fair 2011

More  Rapid Reporting  to  follow  !

Stay  Tuned .

– Alexandra

Raymond Lee Jewelers

The June Hong Kong Jewellery & Gem Fair, organized by UBM, has over 19.000 professional buyers from 100 countries. Although the June fair is smaller than the one in September, its strengths lie in the fact that the September Fair sales already start in June. In 2010 AWDC set up a group pavilion of over 500 m² and 41 exhibitors.

  – Published By: AWDC

Our CW21 Watchmaker in the News!- Watch Repair

Watch Repair

Watch Repair

I have written blogs in the past extolling the virtues of our amazing watchmaker, Igor Polotsky. A man who through his extraordinary skills and quality of work has greatly expanded Raymond Lee Jewelers’ reputation as one of the best watch repair sites in Florida. His skills as a fully certified CW21 watchmaker have become so well known that one of Florida’s largest newspaper has written an article detailing the career of our watchmaker, Igor Polotsky.

On Friday the 4th of February, The Orlando Sentinel wrote a terrific piece on Raymond Lee Jewelers’ own watchmaker entitled, Watchmaker Builds on Time-Honored Craft. The article tells of his rise from a 17 year old watch apprentice in Russia to the one of the most skilled and heavily certified watchmakers in the United States. Mr. Polotsky honed his skills in Moscow’s first watch factory and then in the late 80’s started to work for Tiffany & Co. Watch Repair.

Raymond Lee Jewelers’ was lucky enough to have Mr. Polotsky join our team in 2009. Since his arrival at our store he has amassed a dedicated following of customers who only choose him for their watch repairs. Raymond Lee Jewelers is proud to have a staff that is truly the best of the best; we have two exceptional full time jewelers, a very experienced gemologist, a sales staff with decades of combined experience, highly trusted jewelry buyers and even one of the top buyers of luxury hand bags. Come into Raymond Lee Jewelers to see what all of South Florida AND Orlando has been raving about!

-Carlos at Raymond Lee Jewelers

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China’s Luxury Watch Boom

Jaeger-Lecoultre watch

Jaeger-Lecoultre Watch

Many of you may have heard of China’s economic boom but you may not have heard of China’s growing appetite for luxury watches. The world’s top watch makers are rushing to China to meet the heavy demand. Currently China ranks fifth in the world’s top markets for luxury watches and is moving up fast. Here is a run down of how these makers performed in China the last fiscal year.

Piaget: Piaget has had an excellent performance and higher then expected sales. In fact more than 60 percent of its total sales were in the Asia-Pacific region. Piaget currently has 13 boutiques in China and plans on opening more.

Cartier: Cartier was flush with new business last year, with nearly a double digit growth in the Asia-Pacific region. Cartier is embracing this new market with open arms and open boutiques (31 boutiques in China)!

Montblanc: Montblanc’s sales declined 6 percent.  This may sound like bad news but Montblanc is fairing pretty well considering the lower demand in American and European markets. Montblanc currently only has 33 percent of its sales in the Asia-Pacific region and is rushing to enlarge this percentage.

Jaeger-LeCoultre: This watch maker has 50 percent of its sales in Europe and has largely ignored the Asia-Pacific. Results: sales and profit decline.

As of now, the number of boutiques a brand has in China the more success it had last year.

-Carlos at Raymond Lee Jewelers

One of South Florida’s largest watch sellers.

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Watches Boca Raton

Watches in Boca Raton can be found on almost every corner. The thing is, why pay retail? You can buy brand name watches in Boca Raton for less only now. How is this possible? Buy pre-owned. One of the largest collections of pre-owned watches in Boca Raton can be found at Raymond Lee Jewelers. With one of the largest selections of watches in Boca Raton we have, Rolex, Cartier, Patek Philippe, Hublot, Audemars and many more. Raymond Lee Jewelers in house watchmaker services all watches. Every watch we sell in Boca Raton comes with a one year warranty. Maybe your the type that would not wear a pre-owned watch. We also have an extensive collection of close out watches in Boca Raton. Raymond Lee Jewelers buys direct from manufacturer closeouts. Watches from 70% off brand new. Brands include Ebel, Bertolucci, Zenith, Ferrari by Panerai and many more. Drop by and see one of our knowledgable staff. Have a watch in Boca Raton you don’t wear anymore? Trade it in or sell it to Raymond Lee Jewelers today. We buy – Sell – Trade watches. Visit Boca Raton’s watch store for the best selection and pricing in the industry.

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Raymond Lee Jewelers – Is Gold The New Black?

There is a new trend now to sell your gold in Boca Raton, Florida.  You see advertisements for selling your gold and unwanted jewelry like crazy. Who can you trust? Raymond Lee Jewelers has been in Boca Raton, Florida for 26 years and counting and we are not solely a gold buying center (like in the Town Center mall) or a by appointment only office. We are a jewelery store and repair center open 6 days a week  and you never need an appointment. Additionally, Raymond Lee Jewelers of Boca Raton, Florida gives you options for your unwanted Gold. At Raymond Lee Jewelers you could trade your unwanted gold for something in the showroom of equal value you would rather have.  Apply the gold value towards a larger purchase or if you needed the money but did not wish to sell the gold you could get a collateral loan.  Next time you are thinking of selling your gold come to Raymond Lee Jewelers of Boca Raton the jewelery store that gives you options.

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