Stay up to date with the latest jewelry industry happenings with our roundup of news from suppliers, associations and other businesses. Send your news to us at This email address is being protected from spambots. You need JavaScript enabled to view it..

Kassoy Announces Bergeon Watch Tools Distributorship

(Press Release) Kassoy LLC has secured an agreement to distribute a wide selection of watch tools manufactured by Switzerland-based Bergeon.

This partnership will add Watch Testers, Case Openers and Closers, Repair Tools and more to Kassoy’s Watch Tool assortment.

“Stocking our shelves with trusted brand names has been a core Kassoy company value since the beginning,” explains Joanne Slawitsky, President of Kassoy LLC. “I am excited to bring the promised quality and integrity of Bergeon products to our watch industry customers.”

Kassoy’s full selection of watch tools is available online at To request a print catalog, call Kassoy toll-free at 800.452.7769 or internationally at 516.942.0560.

For more information contact

Add a comment

Jewelers Mutual presents The Essential Buyer’s Guide to Jewelry Insurance

(Press Release) In a study by Jewelers Mutual Insurance Company, it was discovered that approximately 40 percent of U.S. households with an engagement ring do not have insurance to protect it.

Why are people not insuring one of the most expensive items in their home? Consumer interviews revealed lack of awareness and understanding of jewelry insurance may play a role in the oversight.

To fulfill the unmet need for information, Jewelers Mutual introduces The Essential Buyer’s Guide to Jewelry Insurance – a tell-all e-book that helps jewelry customers decide how best to protect their jewelry with confidence.

The all-inclusive 24-page guide is now available to download at

“Many jewelers are already telling their customers about Jewelers Mutual as an option to consider, and for that, we are grateful” said Trina Woldt, Jewelers Mutual Chief Marketing Officer. “With a mere mention of our URL, customers can come to our site to request the helpful guide—keeping the conversations at the counter about the beautiful jewelry worth protecting and leaving the insurance details to the jewelry insurance experts.”

Woldt explained that the team at Jewelers Mutual is continually developing new ways to help jewelers strengthen their customer relationships by making it easier to mention the importance of jewelry insurance.

“We value the tremendous trust customers place in their jewelers,” said Woldt. “It’s why we strive to provide the right tools to allow the jeweler to shine in the eyes of their customers by showing their sincere concern for the safety of each new jewelry purchase.”

Early feedback from jewelers indicates the addition of the Buyer’s Guide is exactly what they’re looking for.

According to Craig Underwood from Underwood’s Fine Jewelers, “I appreciate how easy it is to share a simple website URL with my customers who look to me for the answers. Knowing where I can send a customer to put them in control of their insurance decision puts my mind at ease, and it allows them to take the next step to protect their special piece.”

People who download the e-book will learn such important details as:

  • The difference between repair or replacement coverage versus a cash policy
  • What worldwide coverage really means
  • How much it costs to insure jewelry
  • What a deductible is and how it can affect annual premium
  • What to expect in the event of a claim

Whether or not people decide Jewelers Mutual is right for them, Woldt assured they’ll be ready to make a fully-informed, confident choice after reading the Buyer’s Guide.

“Our goal with everything we do is to give people the freedom to wear their jewelry without worry,” said Woldt. “We know that’s something jewelers can stand behind as well.”

Retail jewelers are encouraged to mention the guide with their customers by sharing the URL

For more information about personal jewelry insurance for your customers and Jewelers Mutual programs for jewelers, visit, contact a Jewelers Mutual sales manager at 800-558-6411, ext. 2118 or email

Add a comment

A Third Labiche Test


LaBiche Clears Old Inventory
with 60-Minute Sale

In 60 minutes, jewelry business sold enough for an entire year

An artist's rendering of the new Marshall Pierce & Company store on Chicago's Miracle Mile.

LaBiche Jewelers in Meridian, MS waited on over 141 eager jewelry buyers on Saturday, June 13, and converted tens of thousands of dollars of dead and aged inventory into cash during a “60%-off 60-Minute” sale.

All customers who were in line between 11-12 were guaranteed admittance even though all sales were not completed for another 2-3 hours. All customers who were in line between 11-12 were guaranteed admittance even though all sales were not completed for another 2-3 hours.

LaBiche Jewelers held a special advanced showing and buying opportunity for their best clients on Friday, June 12 from 3-5 pm, assisting 80 VIP customers and adding tens of thousands of additional revenue to their coffers. LaBiche Jewelers held a special advanced showing and buying opportunity for their best clients on Friday, June 12 from 3-5 pm, assisting 80 VIP customers and adding tens of thousands of additional revenue to their coffers.

The store used a combination of direct mail to 5,000 customers, store signage, Facebook posts, personal phone calls to their best customers, radio interviews with the Tricia Soule LaBiche, and tv ads that resulted in a very successful event. LaBiche Jewelers held a special advanced showing and buying opportunity for their best clients on Friday, June 12 from 3-5 pm, assisting 80 VIP customers and adding tens of thousands of additional revenue to their coffers.

Customers enjoy great hospitality as they wait to buy both inside and outside the store. Although the temperature was in the high 80s, customers didn't seem to mind with plentiful cold drinks, tasty treats and a roaming acoustical guitarist. LaBiche Jewelers held a special advanced showing and buying opportunity for their best clients on Friday, June 12 from 3-5 pm, assisting 80 VIP customers and adding tens of thousands of additional revenue to their coffers.

 TAGS  Diamonds, Silver, Manufacturers

Add a comment

IDEX Online Polished Price Changes – October 9, 2015

by Danielle Max

(Press Release) Smaller and larger round diamonds saw prices dropping this week. Those between 0.9 and 4 carats saw less movement, with the shifts that did take place being primarily positive.

When it came to fancies, the picture was more positive with price declines evident in only a few limited sizes. Most of the positive changes were seen in the middle to better clarities.  

To receive a free copy of the full IDEX Online Diamond Price Report, contact


  • 0.18-0.22 cts E-F / VVS1+ down 2-3% and D-H / SI2 up 4-5.5%
  • 0.23-0.29 cts a few negative changes including D / IF and VS1 down 2-2.5%
  • 0.30-0.39 cts negative changes including D-E / VVS2-SI1 down 2-4%
  • 0.40-0.44 cts some downward changes including F / VVS1+ down 3%
  • 0.45-0.49 cts downward changes including I-K / VVS1+ down 2-4%
  • 0.50-0.69 cts many negative changes including H-L / VVS1+ down 2-4%
  • 0.70-0.79 cts negative changes including I-J / VVSS-SI1 down 2-3.5%
  • 0.80-0.89 cts some negative changes including G / VS1-SI1 down 2-3%
  • 0.90-0.99 cts E and G-H / SI2 down 2-4% and K / VVS1-VS2 up 3%
  • 1.00-1.24 cts no change
  • 1.25-1.49 cts H / SI3-I1 down 2-4% and L-M / I1 up 4-4.5%
  • 1.50-1.99 cts a few changes including L-N / I1 up 4-5%
  • 2 cts a few changes including L-N / I1 up 3-4%
  • 3 cts no change
  • 4 cts no change
  • 5 cts no change

Fancy Cuts

  • 0.18-0.22 cts no change
  • 0.23-0.29 cts I / VS2 down 5%
  • 0.30-0.39 cts E / VVS2 up 2% and H / SI1 down 4%
  • 0.40-0.44 cts some positive changes including E / VVS1 and SI2 up 3%
  • 0.45-0.49 cts positive changes including G-J / VVS2 up 2-3%
  • 0.50-0.69 cts a number of positive changes including J / VS2+ up 2-2.5%
  • 0.70-0.79 cts positive changes including I / VVS2-SI1 up 1.5-3.5%
  • 0.80-0.89 cts H / VVS2 up 3% and J-M / VS1 up 2.5-4%
  • 0.90-0.99 cts E-H / SI2 up 2-2.5% and I / VVS1 and VS1-SI3 up 2-4%
  • 1.00-1.24 cts M / VVS1 up 5%
  • 1.25-1.49 cts F / SI1 up 3% and G / VVS1 up 2% 
  • 1.50-1.99 cts L / VVS1 up 2%
  • 2 cts no change
  • 3 cts E / IF and J / SI2 down 3%
  • 4 cts N / I1 down 4.5%
  • 5 cts no change
Add a comment

U.S. Jewelry Trade Groups Form Council

(Press Release) Leading jewelry associations in the United States have come together to form the United States Jewelry Council, in order to work more closely together on making sure the U.S. jewelry industry is collectively represented at government and international levels, as well as dealing more effectively on key issues, such as those of social, ethical and environmental importance, that might impact the U.S. jewelry industry.

Council members are:

  • American Gem Society (AGS)
  • Diamond Council of America (DCA)
  • Diamond Bourse of Southeast United States (DBSE)
  • Diamond Dealers Club of New York (DDC)
  • Diamond Manufacturers & Importers Association of America (DMIA)
  • Indian Diamond and Colored Stone Association (IDCA)
  • Jewelers of America (JA)
  • Manufacturing Jewelers & Suppliers of America (MJSA)
  • Natural Color Diamond Association (NCDIA)

The Council has elected the following officers:

  • President - Ronnie VanderLinden, President of the DMIA
  • Treasurer - David J. Bonaparte, President & CEO of JA
  • Secretary - Ruth Batson, CEO of AGS

James Evans Lombe, Director of Ethical Initiatives, Jewelers of America, has been appointed CEO of the Council.

The organizations – whose combined memberships represent the vast majority of the U.S. jewelry industry – believe U.S. businesses need a united voice on issues as diverse as environmental mining standards, factory working conditions, full and proper disclosure of all relevant information before sale, be it the type of stone, weight, metal quality etc. as well as any other issues that can impact consumer confidence in the diamond and jewelry industry such as the financial regulations on anti-money laundering or the international systems to prevent the re-occurrence of conflict diamonds. For example, the Council is a member of the World Diamond Council, working with the WDC to enhance the U.S. jewelry industry’s voice in the Kimberley Process.

“The success or failure of U.S.-based jewelry businesses - and the entire diamond and jewelry supply chain - is in large part dependent on a healthy representation of U.S. businesses in the national and global arena,” says Ronnie VanderLinden, Chair of the USJC & President of the DMIA.

“These challenges on the national and global scale are more than an individual association can handle alone. The U.S. industry needs a coordinated effort to ensure we can protect consumer confidence in our product and have a say on policies that affect the livelihoods of our members.”

By joining forces, the associations combine their expertise and experience with the aim of having greater influence in dealing with challenges facing the U.S. jewelry industry on a national and global scale.

Along with the growing shift in consumer awareness and attitudes, pressure from governments and non-governmental associations remains high and intergovernmental and other global initiatives, such as the Kimberley Process and the Organization for Economic Cooperation and Development (OECD), are tied closely to consumer confidence in the U.S. market.

“As representatives of the fine jewelry industry in the U.S., we have to work together to represent the common concerns of our respective memberships and our consumers,” says Ruth Batson, Secretary of the USJC & CEO of AGS. “Jewelers represent the last, critical, link to the final purchasers of jewelry. We know jewelers are at the forefront of ensuring that consumers keep their trust in jewelers and jewelry products, ensuring that both the customer and the entire jewelry industry are protected.”

Andrew Keller, Deputy Assistant Secretary in the U.S. State Department’s Bureau of Economic and Business Affairs, said, “We look forward to engaging with the U.S. Jewelry Council and continue to support U.S. industry’s effort to lead by example in the areas of responsible sourcing, supply chain transparency, and ethical business conduct.”

For further information, please contact

Add a comment

More Articles ...