From the GIA Newsletter:
Industry Analysis: Business Soft in Vegas, but Designers, Luxury Defy Trend
Business at the May 30-June 3 JCK Show in Las Vegas was soft, especially for sellers of loose diamonds and gemstones. Orders were stronger at the upscale shows that ran simultaneously, though exhibitors reported that many of their orders were provisional. Dealers at each of the shows noted that a number of important clients did not make the trip to Vegas, and some exhibitors, expecting a poor season, even cancelled their participation. As a result, traffic was down but buying did go on, albeit at a reduced level. In general, demand for finished jewelry was down 10% to 15% from last year, even more for commercial-quality loose diamonds and colored gemstones. Companies specializing in the very top end -- colorless diamonds over 5 ct, fancy-color diamonds and unheated corundum -- generally saw brisk business.
For more... http://snipurl.com/2eiq8 [app_e2ma_net]
...and from the Gemwise Blog by Richard Wise:
Welcome to Las Vegas, the only town that I know of where a jewelry show with 3,000 exhibitors can be hidden behind a bank of slot machines. Unlike Tucson where the sprawling gem shows take over half the town, the flagship JCK Show set up at the Venetian Hotel boasts 3100 exhibitors’ and 20,000 buyers and is virtually invisible in the glitz.
The jewelry industry gathers in Las Vegas the last week in May. AGTA, JCK, Luxury, Couture, the show list grows ever longer with each passing year. My wife and attended five shows in as many days and left out much of interest.
Ok so let’s get down to business, what is new in the gemworld.
For More... http://snipurl.com/2eiqd [gemwiseblogspotcom_blogspot_com]
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