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WatchBox Launches Authorized Dealer Network

Hing Wa Lee Jewelers is its inaugural partner.

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(PRESS RELEASE) PHILADELPHIA, PA – WatchBox, a destination for pre-owned luxury timepieces, announced the launch of its authorized dealer network and welcomed Hing Wa Lee Jewelers as its inaugural partner. As an authorized WatchBox dealer, Hing Wa Lee will offer clients comprehensive services and consultation for watch trading and buying, as well as access to browse and purchase from WatchBox’s global inventory or certified pre-owned watches.

David Lee, chairman and CEO of Hing Wa Lee Group, said, “Hing Wa Lee Jewelers is excited to partner with WatchBox to provide trading and selling services of pre-owned watches to our clients.”

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WatchBox’s founders and leadership believe that physical locations and high-touch personal service in key global markets are invaluable to the widespread acceptance and understanding of the luxury pre-owned watch category. Following the launch of WatchBox divisions in Hong Kong, South Africa and Switzerland, the expansion within the U.S. represents the next phase of strategic growth for the company. The recent acquisition of Chronofy, the valuation subscription service for pre-owned watches, provides WatchBox with the infrastructure and technology to take its services to a network of retailers.

Amanda Ellison, global president and chief operating officer of WatchBox, added, “WatchBox is thrilled to bring our pre-owned buying, selling, and trading practices to Hing Wa Lee Jewelers. Their stellar reputation and standard of excellence make Hing Wa Lee the perfect inaugural partner for our network. Through this partnership, WatchBox formalizes the intersection of the primary and secondary watch markets, which means that Hing Wa Lee is now equipped to offer what today’s watch consumer is seeking – a trustworthy partner for the buying, selling and trading of both new and pre-owned timepieces under one roof.”

Hing Wa Lee’s buying, selling and trading services commence at the company’s locations in San Gabriel and Walnut, CA. WatchBox’s extensive inventory is now presented on hingwaleejewelers.com/watchbox in the WatchBox Digital Corner, as well as through interactive digital showcases in each of Hing Wa Lee’s stores.

A celebratory launch and trade-in event is scheduled for Saturday, Dec. 8, at Hing Wa Lee’s Walnut location, during which a selection of exceptional pre-owned watches will be exhibited and available for sale and WatchBox representatives will be onsite for complimentary valuations.

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Stuller Now Certified Member of Responsible Jewelry Council

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(PRESS RELEASE) LAFAYETTE, LA – Prime manufacturer, Stuller, announces that it is now a certified member of the Responsible Jewelry Council (RJC), the foremost standard setting and certification organization for the jewelry industry.

“Ethical sourcing, supply chain transparency, workplace safety and other similar issues, are of increasing concern to more and more consumers and businesses,” says Stanley Zale, vice president of diamond and gemstone procurement. “The RJC Code of Practices helps the jewelry industry meet these challenges, and we knew we needed to be a part of it.”

RJC Executive Director Iris Van der Veken said, “It is with great pleasure to announce that Stuller has achieved certification against the RJC Code of Practices. We are proud that our membership continues to reflect companies of all sizes from across the supply chain. We commend their commitment to responsible business practices and the positive impact this has on the jewelry industry.”

“Stuller is committed to responsible jewelry practices,” says founder and CEO Matt Stuller. “When joining the RJC in 2016 our ultimate goal was to show our unwavering commitment to our customers and employees. It is truly an honor to be a part of such an important organization in this industry.”

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Bharat Diamond Bourse Announces 2019 Bharat Diamond Week

It will be on October 14-16, 2019.

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(PRESS RELEASE) MUMBAI, INDIA – Bharat Diamond Bourse (BDB) in Mumbai, India, has announced to host the 2019 edition of its Bharat Diamond Week from October 14-16, 2019. Thus, BDB will be building on the huge success of the two Bharat Diamond Week events held in 2018.

The second edition of 2018 saw more than 1,000 visitors from India and across the world who did business with 125 Indian exhibitors of polished diamonds.

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Bharat Diamond Bourse Vice-President Mehul Shah, who heads the Bharat Diamond Week, said: “We are looking forward towards the launch of 2019 edition of the Bharat Diamond Week, 14 to 16 October. BDW invites buyers across the globe as well as within India. Selected buyers will be allotted complimentary hotel accommodation. Members of Bourses affiliated to WFDB will be always at a priority. This is also an inter-bourse show which proved to be such a successful concept last year. We are building on those first two shows to take it to the next level with higher numbers of exhibitors and many more buyers. As with the 2018 shows, we want to create maximum coverage for our small and medium-size companies.”

Above all the guest of honor to BDW 2019 is the vice president of WFDB and president of Shanghai Diamond Exchange Lin Qiang with the Members of SDE.

BDB President Anoop Mehta said: “The inaugural shows and the high level of demand from visitors and exhibitors alike showed that we had to stage a show in 2019. The exhibitors will again be treated to typical warm and welcoming Indian hospitality as we show them that our diamond companies can supply them with absolutely any diamond they need in any shape, size or color.

“Each Indian company that wins the right to display at the Bharat Diamond Week is entitled for one booth only. Trading of Synthetic or Lab Grown Diamonds are banned in BDB, therefore there is no room for synthetics or lab grown diamonds in BDW.”

Mr Mehta added: “These inter-bourse events have proven their value at other diamond exchanges also, and it is only right that India, as the world’s primary cutting and polishing centre, should hold a fair to showcase the diamonds that we have available for sale. The Bharat Diamond Week puts buyers directly in touch with suppliers in a convenient setting, saving time and expenses as the exhibitors and their goods can be easily and quickly found, thus making the fair an efficient visit. We will be announcing further details in coming weeks.”

The biggest attraction for the show is that being a pre Diwali time, it’s the perfect opportunity for best buying deals.

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NCDIA Appoints Advisory Board 2019

It will support and guide the executive board and contribute to the success of NCDIA’s endeavors through their experience and knowledge.

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(PRESS RELEASE) NCDIA announces the formation of its Advisory Board 2019, a strategic committee of esteemed advisors, comprising of trusted leaders in our industry.

The primary focus of the association is to educate the trade from retailers to the end consumer on natural color diamonds. As ambassadors of NCDIA, this group will support and guide the executive board and contribute to the success of NCDIA’s endeavors through their experience and knowledge.

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The Advisory board members for 2019 are:

1. Henry Ho, Founder & Chairman Emeritus, Asian Institute of Gemological Sciences
Henry Ho, established the AIGS in 1978 and operates a gemological school and laboratory in the Jewelry Trade Center in Bangkok.

2. Matthew Tratner, Director Global Business Development, GIA (Gemological Institute of America)
Matthew joined GIA in January 2018. He had served as Director of membership and sales at Jewelers of America from 2013 and a publisher of National Jeweler since 2015 when JA took over the publication.

3. Cecilia Wun, US Branch Manager, UBM LLC
Cecilia has been with UBM since 2015 in charge of all the Hong Kong show’s North American exhibitors.

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