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2010 Jewelers of America Cost of Doing Business Report Released
 Today, Jewelers of America released its 2010 Jewelers of America Cost of Doing Business Report, which analyzes jewelry retailers' financial data from 2009. (Click for a summary of the Report findings). As the only industry benchmarking tool designed specifically for retail jewelers, it's an invaluable resource for analyzing store performance and increasing profitability. Order today -- JA Members receive the Report at a steep discount of $24.95 (retail value $150). Click here to order and see sample data.
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TIP SERIES: What's Your Cost of Doing Business?
Do you know your cost of doing business? Or how your profitability, or lack thereof, compares to your jewelry competitor down the street? Jewelers of America developed the Cost of Doing Business Report to help independent jewelers benchmark their performance based on key financial indicators and effect positive change in their business profits . . . 
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 Improve Your Business Credit Rating: JBT Shows You How
Retailers who regularly monitor their credit ratings help maintain good business relationships with their suppliers. Read this guide from The Jewelers Board of Trade, the jewelry industry's credit-reporting service, to learn how to keep track of your rating and get tips to improve it. 
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IMPORTANT REMINDER ABOUT LOGGING INTO WWW.JEWELERS.ORG
You will be prompted to log in to JA's website to access member-only content. Each JA Member has a default User ID and Password that incorporate your Member ID (located at the top of each issue of The JA Report). We encourage you to log in to the website and update the default to something that is easy to remember. You can do this by using your default User ID and Password to log in, and then click on "Update Your Information" in the login box, or "My Account" at the top right of any webpage. Click here for complete details on how to log in.
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 JA's National Retailer Design Competition Expanded & Renamed
In 2011, Jewelers of America's national retailer design competition will be relaunched as "The ACE Awards," with more award categories and expanded eligibility that includes "At-Large Entries," for JA Retail Members who did not enter a partner state or regional jewelry association competition.
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 Gems Among Us Contest Launches Nationwide!
On Monday, Jewelry Information Center's consumer contest, Gems Among Us, launched at www.JIC.org. Participating Retailers receive free turn-key marketing materials to excite their customers and sales associates about the Contest (Sign up today!). Click here to view the Contest at JIC.org.
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 JIC's September Jewelry Trend Pick: Lace-Like Jewelry
Lace is an openwork fabric, patterned with open holes in the work, made by machine or by hand. Today, lace is incorporated into clothing but is also now influencing jewelry trends.
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 How to Sell Jewelry Repairs
The 2010 Jewelers of America Cost of Doing Business Report revealed that repairs remain an important sales category, bringing in 10% of sales in 2010. Use the Repair Sales article series in JA's Education Resource Library to learn how to capitalize on customers who need repairs. This excerpt from, "Selling Jewelry Repairs," provides the first step to approaching repairs sales:
 The Right Attitude
A good starting point is to look at your own personal attitude toward selling repair services, as compared to selling the merchandise in your cases. There is no repair sale in the world that can rival the excitement and thrill of selling a big diamond. However, selling repairs is an important part of your job, because it is one of the most valuable services you can offer your customers. Making a repair customer happy will most likely lead to many future merchandise sales. |
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 JA Keeping an Eye on Zimbabwe
The situation in Zimbabwe and its impact on consumer confidence is a key concern for the upcoming holiday season. JA continues to stay involved in addressing this issue, and President & CEO Matthew A. Runci will attend the Kimberley Process Plenary this November . . .
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 JA & Industry Associations Inform Conflict Minerals Regulation
Jewelers of America is working with other major jewelry associations to ensure recently passed conflict minerals legislation does not have an adverse impact on the industry, or communities in the Democratic Republic of the Congo and neighboring countries targeted by the law . . .
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 Support Estate Tax Repeal Today!
Congress must decide on a new estate tax before the end of the year, or it will roar back to a maximum rate of 55% with a $1 million exemption on January 1, 2011. Use JA's Legislative Action Center to contact your representatives today!
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De Beers Diamonds: Class Action Case Continues
On August 24, 2010, the U.S. appeals court for the Third Circuit in Philadelphia ruled it will reconsider its previous rejection of the $295 million settlement for De Beers antitrust case. The settlement was dealt a blow when the court declared that it was not legal and could not proceed. . . .
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JIC National Media Tour Promotes Fall Fine Jewelry Trends
On August 25th, Amanda Gizzi and Helena Krodel, spokespeople for Jewelry Information Center -- Jewelers of America's consumer education arm, performed more than 30 television interviews about fall fine jewelry trends on morning shows across the nation . . .
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Free Online Event: A Week of Internet Social Media Marketing Tips for Jewelers
Mac and Cheese Web Marketing announces an online social media event Just for Jewelers. Starting October 11th, Mac and Cheese's Facebook page will feature free daily tips specifically for independent jewelers . . .
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Privacy Policies Updated at JA & JIC Websites
Jewelers of America takes your privacy seriously. We've updated the privacy policies at www.jewelers.org and www.JIC.org.
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