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Sustainable Jewelry Options Discussed at UN Development Dialogue

It was held in New York on July 10.

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CIBJO Ethics Commission President Tiffany Stevens addressing the 2019 Global Multi-Stakeholder SIDS Partnership Dialogue at the United Nations in New York on July 10.

(PRESS RELEASE) MILAN, ITALY — Properly managed pearl farms offer real opportunities to individuals and communities living on small islands in the South Pacific and Indian Oceans, both from an economic perspective and in terms of protecting the marine environment, said Tiffany Stevens, president of CIBJO’s Ethics Commission during the 2019 Global Multi-Stakeholder SIDS Partnership Dialogue, which was held at the United Nations in New York on July 10. Indeed, she added, for a cultured pearl farm to become an economically sustainable asset, it is essential that it also be operated in an environmentally sustainable manner.

Stevens, who additionally is president and CEO of the Jewelers Vigilance Committee, the New York-based organization that provides legal advice, education and self-regulation services to jewelers and other members of the American jewelry industry, was speaking at the gathering on behalf of CIBJO President Gaetano Cavalieri.

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The 2019 Global Multi-Stakeholder SIDS Partnership Dialogue, which took place at the United Nation in parallel with the UN High-Level Political Forum on Sustainable Development (HLPF), focused on opportunities available to a group of 57 small-island developing states in the Pacific and Indian Oceans and the Caribbean, Mediterranean and South China Seas, examining how they may be advanced through multi-stakeholder partnerships. A “Tool Box” which includes a set of policy tools for designing, monitoring and reviewing SID partnerships was introduced at the event.

The 2019 HLPF theme is “Empowering people, ensuring inclusiveness and equality.”

“Properly managed, a pearl farm can continue producing quality products indefinitely, serving as a resource for national development through the taxes and royalties it provides, and at the local level as a source of gainful employment and community development, both directly and through the secondary economies its nurtures,” Stevens stated.

What has been learned over the years, she added, is that when it comes to cultured pearls environmental, social and economic sustainability are inexorably linked.

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“Over the course of its lifespan, the oysters of the most commonly used species are able to produce three cultured pearls,” she said. “The quality of these pearls will be a direct result of the conditions of the water in which the oysters are kept, and the length of the gestation period, during which nacre forms around the irritant nucleus that has been placed in the animal. If the environment is pristine, and the pearl is provided adequate time to mature under water, the chances of obtaining a higher-value product will increase substantially.”

But, she noted, the cost of maintaining an optimal pearl-farming environment can be substantial, meaning that it is essential that the pearl farmers receive an adequate share of the revenues they produce, in order to encourage them to operate appropriately.

Stevens pointed to a project that Cavalieri was involved in several years ago, sponsored by the Government of French Polynesia, to reverse what had become a downward spiral in the average quality of pearls being produced by the country. What was discovered was that for farmers working under economic distress there was little incentive to invest in producing a better product. They attempted to generate more income by cutting corners in the management of the marine environment, and by reducing the gestation period of the pearls. This meant a continuing reduction in the quality of the product and the environment.

The lessons learned from the Polynesian experience were applied when CIBJO was invited to consult with the Government of Fiji and the country’s Fiji Pearl Farmers’ Association in the creation of a national plan to increase the size of the island’s pearl sector, while optimising the benefits provided to the country and its people. “The plan that was drawn up called for a community-based, pearl farming industry to enhance the effectiveness of locally-managed marine areas, integrate coastal management and land and sea management programmes, while also creating meaningful employment and income-generating opportunities for indigenous communities,” Steven said.

Speaking to the gathering, the Ambassador of Fiji also referred to CIBJO’s support of sustainable pearl farming, insisting that all partnerships matter and no small-island developing states should be left behind.

To download a copy of Steven’s full speech to the 2019 Global Multi-Stakeholder SIDS Partnership Dialogue, click here.

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Jewelry Store Closing After 45 Years in Business

He said he’ll miss his customers who have become members of his extended family.

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(PRESS RELEASE) JOHNSTOWN, PA – Dennis Petimezas recalls a chance visit to a Gordons Jewelry Store in 1974 for a pen refill. He was told about a job opening and agreed to an interview.

“After a “flukishly” successful interview in Houston, I was hired,” said Petimezas, who quickly rose up the ranks into management where he opened and supervised stores in the northeast.

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He decided to branch off on his own, buying Watchmakers Shop in 1975 and renaming it Watchmaker’s Diamonds and Jewelry. Despite no signs the business is slowing down, Petimezas said he’s taking a cue from legends including Johnny Carson, Jay Leno and Jerry Seinfeld in deciding to retire this year.

“You go out while you’re on top,” said Petimezas, whose store has received a dozen business recognition awards over the years. “It’s 45 a wonderful years – I’m blessed with a booming economy and a positive business trajectory.”

Large Sale in the Works

Shoppers looking for bargains on high-quality jewelry should mark November 7th on their calendars. That’s when Watchmaker’s Diamonds and Jewelry will start a huge store-wide retirement sale. Expect to find special deals on jewelry- including engagement rings, anniversary bands, gemstones and estate jewelry.

Interested in Jewelry at an Early Age

Petimezas recalls going to an F.W. Woolworth department store at age 5 in 1955 and buying a 25-cent pair of plastic rose earrings for his mother’s birthday.

“She still has them today and continues to wear them for special occasions,” he said of his mother May, who is 100 years old.

As a child, he always had an interest in plastic rings and jewelry and also collected rocks when he was young. He would later embark on a career where certain kinds of rocks¬–the ones that have diamonds–are prized, and his journeys for them took him to 4 continents.

Building a Career That Values Customers

As an adult just starting out in the business, a meeting in 1974 with the late Harry B. Gordon, son of the founder of Gordon’s Jewelers, would leave a lasting impression.

“He said ‘jewelry is the only thing you can give that conveys an emotion, you can wear it and it has continuing value.’ Think about the last gift you received that hit all those key values.”

Petimezas was also struck by Gordon’s affable, unassuming demeanor. At one point Gordon told him he could sit in his chair and put his feet up on his desk during some light-hearted banter in his office.

“I was so impressed by him,” Petimezas said. Petimezas himself would devote his career to providing excellent customer service with a smile, and treating everyone with respect no matter their station in life.

“A boy who’s 16 or 17 years old and wants to get his prom date something, well that’s the most important piece of jewelry in the world to him,” he said. “To somebody who is celebrating his 60th anniversary and has an unlimited budget, that’s an important piece of jewelry for him as well. At my store, my staff and I are going to give them the same level of friendly, quality customer service.”

Fostering a warm and inviting atmosphere has helped Petimezas and his devoted staff develop a growing pool of loyal customers.

“The staff–my business partners as I call them–have been with me for 25 and 30 years with some even longer,” he said. “It’s the same faces, the same people, and customers love that. And I think what people who have never bought here will find is a wealth of experience and people who enjoy what they’re doing because that’s all they’ve done for their entire career.”

Thanks to a steadily growing number of customers, Watchmaker’s Diamonds and Jewelry was running out of space. In 2002, Petimezas relocated from The Galleria Mall to its current location on Scalp Avenue: A free-standing commercial building that’s triple in size.

Giving Back

Petimezas has given to a variety of causes over the years, including contributing toward Reverend Sam Childers’ work with orphans in the Sudan. He’s struck up friendship with the former gang biker, otherwise known as the “machine gun preacher.” A movie about his life was made in 2011.

“He does a lot of good work in the Sudan resisting the insurgents, building orphanages, and rescuing children conscripted into the rebel army” he said. “I try to help when I can, and plan to visit him there after this last Christmas season”.

Setting a New Chapter in His Life

Petimezas is exploring his options in retirement while his wife Dee Dee, who he met in 1996 plans to continue operating her beauty salon and enjoying their two children, a safety engineer and an RN emergency room nurse.

“This has been a great year,” “I turned 69 this year, and it was time to execute a plan we had in the works for several years. Go out while you’re on top and pursue whatever endeavors are there”.

He said he’ll miss his customers who have become members of his extended family.

“I’m grateful to the entire community of Johnstown whose support has made our success possible,” he said. “And a great thanks to my loyal and dedicated staff for their long tenures and hard work which made everything happen. They became part of my family.”

Want to go?

  • What: Watchmaker’s Diamonds & Jewelry Retirement Sale
  • When: Begins November 7th, 2019
  • Where: 1252 Scalp Ave., Suite 2, Johnstown, Pa. 15904
  • Store hours: 10am. to 6:00pm. Monday through Saturday. After Thanksgiving open Sundays too, 12 to 5pm.
  • More info.: Visit mywatchmakers.com, call 814-266-9653 or email mywatchmakers@gmail.com Follow on Facebook
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Take the Risk Out of Buying Diamonds and Finished Jewelry for Stock with GN Diamond’s 100% Guarantee

Stores that buy for stock sell 60% more than stores who do not.

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(PRESS RELEASE) Welcome to GN Diamond’s new 100% guarantee when buying diamonds and finished jewelry for stock. GN Diamond recognizes that retailers may sometimes be reluctant to buy loose diamonds for stock. Why buy when I can get diamonds on memo? While this may be true, it is also true that 80% of end consumers want to buy diamonds and diamond jewelry the same day they shop. It is also said that sometimes the diamonds that are left on long term memo may not always be fast sellers nor the cream of the crop. It is, therefore, critical that retailers make sure all of their “bread and butter” holes are filled in especially during the holiday season. With GN Diamond’s new 100% trade in policy customers may now feel comfortable buying diamonds for stock – if any do not sell they be switched out for other diamonds that may have a higher turnover percentage. The same holds true for finished jewelry.

Visit them 24/7 at www.gndiamond.com. Email at sales@gndiamond.com or call at (800) 724-8810. They are open 7 days a week with free shipping.

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PT NEXT Acquires Software Company CodeNameWhat

Acquisition advances PT Next’s development of industry-specific technology solutions.

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(PRESS RELEASE) PT NEXT, the technology arm of Pac Team Group, has announced the acquisition of software development company, CodeNameWhat. Founded by RFID software veteran Peter Shoemaker, CodeNameWhat worked with PT NEXT on the development of ARGOS, their RFID-based platform for the jewelry and timepiece industry. Shoemaker will continue advancing this platform in his new role as PT NEXT’s director of software engineering.

“We started CodeNameWhat to follow a shared passion for how inventory visibility will transform the retail experience,” said Shoemaker. “Now joining PT NEXT, we add our passion to a team that is transforming an industry.”

As the leading authority in technology innovation and IoT technology for the watch and jewelry industry, PT NEXT has developed proven turnkey solutions designed to elevate the in-store customer experience, increase operating efficiency and overall profitability.

“With the acquisition of CodeNameWhat, PT NEXT can continue to lead the design, development and implementation of cutting-edge technology solutions that are specifically designed to address our customer’s retail challenges in the jewelry and timepiece industry,” said Eric Zuckerman, president of Pac Team Group.

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