Archive for May 30th, 2006
BOTSWANA PRESIDENT MEETS WITH JAPANESE DIAMOND JEWELRY INDUSTRY LEADERS
Tacy, Israel
During a trip to Tokyo in Japan, Festus Mogae, President of Botswana, met with local diamond jewelry industry leaders, following a meeting with the Prime Minister of Japan, Junichiro Koizumi.
Moage was in Japan to participate in ‘Botswana Week’ activities in Japan. The week is a major collaborative initiative on the part of public and private stakeholders in both Japan and Botswana intended to promote greater economic and social ties between the two countries.
May 30th, 2006
Pakistan : Gems & jewelry sectors set export target of $500mn
May 29, 2006/Fibre2fashion.com, India
Pakistan Gems and Jewelry sector is attracting better investment as local players turn more competitive through skills and technology upgradation, informed Pakistan Gems and Jewelry Strategy Working Group (SWOG).
SWOG is made of industry leaders, Government officials and relevant NGOs that work together to form strategies and implement them in proper manner.
Pakistani players are eager to take leading position in $80 billion international jewellery market.
Pakistani Small and Medium sized enterprises is being supported by “Pakistan Initiative for Strategic Development and Competitiveness” (PISDAC)and United States Agency for International Development (USAID) funded activity is managed by J.E. Austin Associates Inc to increase global competitiveness.
Gems and Jewelry SWOG plan to grow though effective value chain. It has aims to establish Pakistan as world class hub for precious stone cutting and jewelry manufacturing.
It works to bridge the divide between Pakistan and other countries offering strong presence in these sectors.
Small and Medium Enterprise Development Authority and Export Promotion Bureau are supporting USAID and PISDAC to achieve export target of $500 million by 2010.
May 30th, 2006
Hip-Hop Jewelry Becoming Mainstream Fashion
LiveArticles.org, CA
Profit demands are reducing the sources for quality wholesale custom sterling silver jewelry manufacturers daily. Some now prefer to produce the more lucrative gold jewelry and most of the others will only accept very large orders. Samsoneinc.com is one of the few quality
wholesale custom sterling silver jewelry manufacturers that will produce small quantities of custom designs at a reasonable price.
Quality wholesale custom sterling silver jewelry manufacturing starts with good craftsmanship and materials.
The basic information needed to create wholesale custom sterling silver jewelry are the designs, the volume of the order, the metal weight and, for the manufacturer to properly calculate silver weight and cost, the dimension of the jewelry and gemstones required must be given. Of these, the order volume will have the greatest impact on the final cost.
Once we receive this information and a sample of the design at Samsoneinc.com, there is an $80 charge for making the mold of the design and a minimum order quantity of 50 pieces per style with a required 50% deposit. Usually it takes us 4-6 weeks to manufacture custom sterling silver jewelry.
In cases where the order volume is very large, the charge for the mold can be waived.
If you are using gemstones and/or diamonds in your designs, take care to discuss the selection process beforehand. Be aware when you are choosing a manufacturer for your wholesale custom sterling silver jewelry that very often you will find manufacturers who use extremely low grade diamonds and gemstones, which can be effected by poor color, inclusions, cracks and other flaws to cut costs.
To produce quality wholesale custom sterling silver jewelry you need a certain metal weight. When you use a light weight of silver, the costs may be cheaper, but the result is jewelry that will bend or twist at the slightest impact. It will prevent your gemstones or diamonds from being firmly mounted, resulting in frequent repairs which is not the ideal for sterling silver jewelry.
Bear in mind that wholesale custom sterling silver jewelry manufacturing is a labour intensive process that requires skilled craftsmen, which are not easy to find and whose fees are quite substantial.
Although your wholesale custom sterling silver jewelry will be made by a mechanical casting process, it requires hand finishing by skilled craftsmen to be complete. Time is a factor in this process, but this is the best way to ensure good quality wholesale silver jewelry.
The good news is that re-orders of the same design will cost less than the initial one, because the mold is already made. Outside of this factor, remember that the cost of the silver and gemstones can vary and this will affect the total cost.
Samsoneinc.com can provide you with exquisite wholesale custom sterling silver jewelry pieces, which are perfect accessories for any occasion.
May 30th, 2006
Horace Designs Silver Jewelry
Luxist, CA
There’s a new jeweler in town. Well, only if town for you is London. But don’t worry, Horace Designs will ship to the States. Their pieces are all unique and both designed and manufactured in their studio in London. All of the jewelry looks quite nice, but prices may be a bit steep for only sterling silver. Their men’s curb chain (number two) is $360, that’s Tiffany’s type prices but for a shop that doesn’t have Tiffany’s history and recognition. True, this is due to exchange rates, but still. And just a warning, the front page is possibly NSFW.
May 30th, 2006
Gold Prices Fall in London on Slowing Investor, Jewelry Demand
Bloomberg
May 29 (Bloomberg) — Gold prices fell for the first trading session in three in London on speculation that a surge in prices is slowing demand from investors and jewelers.
Two years of increased investor demand spurred by accelerating inflation helped send gold prices to a 26-year high on May 12. Consumption by jewelers, the biggest buyers of gold, will plunge 15 percent this year, the first drop in three years, Barclays Capital forecast in a May 26 report.
“Gold is losing all fundamental demand at these prices,” said Jay Mehta, managing director of Mumbai-based Maximus Commodities. “Jewelers won’t buy unless they have a confirmed order.”
Gold for immediate delivery fell $3.20, or 0.5 percent, to $650.50 an ounce at 12:06 p.m. in London.
Gold has dropped 11 percent from the 26-year high of $730.40 an ounce. That decline has forced some speculators who were expecting prices to keep climbing to sell, and probably won’t end until prices go to $600 an ounce in the next month, Mehta said.
Hedge-fund managers and other large speculators have decreased their net-long position in New York gold futures by 17 percent in the two weeks ended May 23, according to U.S. Commodity Futures Trading Commission data.
Lower jewelry demand this year would follow gains of 3.8 percent last year and 5.5 percent in 2004, according to the Barclays Capital report. “There is little physical justification for the high prices,” Barclays said.
Barclays still raised its gold price forecast for this year, by $135 to $660 an ounce, citing expectations of a decline in the dollar and the threat of inflation.
Fifteen of 30 traders, investors and analysts surveyed on May 25 and May 26 from Sydney to Chicago advised buying gold. Seven respondents advised selling and eight were neutral.
May 30th, 2006
