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Know It All: May 2015

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Average Engagement Ring Sale up to $5,855

1
The cost of an average engagement ring climbed to $5,855 in 2014, up from $5,598 in the previous year, according to The Knot’s latest annual weddings survey.
— INSTORE, 3/13/15


Small Business Owners Struggle to Find Staff

2 If you’re having trouble hiring staff, you’re not alone. Some 29 percent of small business owners have openings they cannot fill, the highest level in nine years, according to a new survey. — Bloomberg, 3/11/15

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Diamond.com (the URL) Goes on the Block

3 Got $7.5 million to invest in a domain name? Then you could be in the running to buy diamond.com, which is being put up for auction by its owner, ice.com. — JCK Online, 3/18/15


Patent Application Hints at Amazon’s Plans

4 A patent application filed by Amazon reveals details about a new kind of retail establishment that would allow shoppers to pick items and leave without stopping at a cashier station or kiosk, reports the Revere Digital website. “Such a store would work using a system of cameras, sensors or RFID readers that would be able to identify shoppers and the items they’ve chosen, according to the application.” — recode.net, 3/30/15

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Mall Jewelers Favored Target of Robbers

5 Think you’re safe in a mall? Think again. Mall-based jewelers were targeted by criminals more than any other type of jewelry store in 2014 amid a disturbing rise in smash-and-grab robberies, according to the Jewelers’ Security Alliance’s annual tally of industry-related crime. — INSTORE, 3/16/15


TAG Heuer and Google Team up on Watch

6 TAG Heuer is partnering with tech giants Google and Intel to create an Android-based smartwatch that will compete with Apple’s new timepiece. The watch is to be launched by the end of the year, brand-owner LVMH announced at Basel. — Bloomberg, 3/19/15

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Jewelry Grabs Top Spot on Counterfeit List

7 U.S. Customs agents seized a record $375 million of knock-off jewelry and watches last year, as the category displaced long-time leader handbags as No. 1 for counterfeited commodities. — Quartz.com, 4/3/15


Signet Sees Big Jump in Digital Revenue

8 Among the interesting items in Signet Jewelers’ fourth-quarter earnings results was the success of its investment in digital commerce. America’s biggest specialty retailer reported that its commerce sales jumped 89 percent to $149.6 million last year. — Rapaport, 3/27/15


Pre-engagement Trend Crosses the Pond

9 The “pre-engagement” trend is spreading, with the BBC reporting that some British couples are now holding pre-engagement parties, exchanging “promise” rings and, in some cases, even having “pre-engagement counseling.” America is being blamed as the source of the trend. — BBC.co.uk, 4/2/15


Neanderthals May Have Invented THE FIRST Jewelry

10 Some faceted and polished eagle talons found in Croatia are being interpreted as evidence that Neanderthals may have created the first jewelry about 130,000 years ago. That’s 50,000-odd years before current evidence suggests humans started drilling holes in seashells to adorn themselves. — Washington Post, 3/11/15

This article originally appeared in the May 2015 edition of INSTORE.

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SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

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Know It All: May 2015

mm

Published

on

Average Engagement Ring Sale up to $5,855

1
The cost of an average engagement ring climbed to $5,855 in 2014, up from $5,598 in the previous year, according to The Knot’s latest annual weddings survey.
— INSTORE, 3/13/15


Small Business Owners Struggle to Find Staff

Advertisement

2 If you’re having trouble hiring staff, you’re not alone. Some 29 percent of small business owners have openings they cannot fill, the highest level in nine years, according to a new survey. — Bloomberg, 3/11/15


Diamond.com (the URL) Goes on the Block

3 Got $7.5 million to invest in a domain name? Then you could be in the running to buy diamond.com, which is being put up for auction by its owner, ice.com. — JCK Online, 3/18/15


Patent Application Hints at Amazon’s Plans

Advertisement

4 A patent application filed by Amazon reveals details about a new kind of retail establishment that would allow shoppers to pick items and leave without stopping at a cashier station or kiosk, reports the Revere Digital website. “Such a store would work using a system of cameras, sensors or RFID readers that would be able to identify shoppers and the items they’ve chosen, according to the application.” — recode.net, 3/30/15


Mall Jewelers Favored Target of Robbers

5 Think you’re safe in a mall? Think again. Mall-based jewelers were targeted by criminals more than any other type of jewelry store in 2014 amid a disturbing rise in smash-and-grab robberies, according to the Jewelers’ Security Alliance’s annual tally of industry-related crime. — INSTORE, 3/16/15


TAG Heuer and Google Team up on Watch

Advertisement

6 TAG Heuer is partnering with tech giants Google and Intel to create an Android-based smartwatch that will compete with Apple’s new timepiece. The watch is to be launched by the end of the year, brand-owner LVMH announced at Basel. — Bloomberg, 3/19/15


Jewelry Grabs Top Spot on Counterfeit List

7 U.S. Customs agents seized a record $375 million of knock-off jewelry and watches last year, as the category displaced long-time leader handbags as No. 1 for counterfeited commodities. — Quartz.com, 4/3/15


Signet Sees Big Jump in Digital Revenue

8 Among the interesting items in Signet Jewelers’ fourth-quarter earnings results was the success of its investment in digital commerce. America’s biggest specialty retailer reported that its commerce sales jumped 89 percent to $149.6 million last year. — Rapaport, 3/27/15


Pre-engagement Trend Crosses the Pond

9 The “pre-engagement” trend is spreading, with the BBC reporting that some British couples are now holding pre-engagement parties, exchanging “promise” rings and, in some cases, even having “pre-engagement counseling.” America is being blamed as the source of the trend. — BBC.co.uk, 4/2/15


Neanderthals May Have Invented THE FIRST Jewelry

10 Some faceted and polished eagle talons found in Croatia are being interpreted as evidence that Neanderthals may have created the first jewelry about 130,000 years ago. That’s 50,000-odd years before current evidence suggests humans started drilling holes in seashells to adorn themselves. — Washington Post, 3/11/15

This article originally appeared in the May 2015 edition of INSTORE.

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

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