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| Volume 1, Issue 8, August 14, 2007 | |
| A Message from Bill Boyajian | |
 Traditional business models
in the jewelry industry have changed. Despite persistent pressure at
every level, those leaders who are astute enough to adapt quickly and
learn new market segments will be the most likely to succeed. I
discussed this phenomenon at the ICA Congress in Dubai earlier this
year. This trend is continuing at a brisk pace.
As I mentioned on that occasion, previous paradigms have been flipped, tossed, and turned. The result is more streamlining and vertical integration, plus a variety of innovative steps companies have taken to be more efficient and make their products more distinct and appealing. We routinely see dealers becoming manufacturers and manufacturers becoming retailers. New techniques that compress the mine-to-market process to deliver products to consumers in the optimum market are being enacted all the time. The goal is to gain a competitive advantage, expand business, and enter new markets. Leaders are also looking for ways to facilitate the quest for new business opportunities and relationships. Many of them see the World Jewelry Center as the perfect environment in which to do more business, establish strategic alliances, leverage their brand, or even reinvent their company. Nearly 100 firms have now signed Letters of Intent to purchase space in the World Jewelry Center. They include not only companies from 15 different countries, but also many business types, representing the full spectrum of the industry, including support services. Please note the complete list of Participating Firms in this issue. You will notice many market leaders among them. These companies, and those that will follow them as WJC participants, recognize the unique business platform that this new international marketplace will provide. Without leaving the building, a WJC company could, for example, arrange with other WJC firms to conceive and design a new jewelry product; import gems for it − duty-free thanks to our Foreign Trade Zone; grade the gems; set them in custom-made pieces; create custom packaging; and ship the finished jewelry to customers worldwide. Those customers might also be new ones created through a deal with another WJC company, possibly even in our own retail center. There are endless possibilities, as the leaders of current WJC participating firms certainly realize. If you have not already received a personal presentation to learn how this unprecedented project can also make your firm more successful, please e-mail info@worldjewelrycenter.com to schedule one. The future of the jewelry industry awaits you. |
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| Approval Expected for Las Vegas Sports Arena; Visitor Traffic Increases in May | Rapaport Group Joins World Jewelry Center |
 A proposed 22,000-seat sports arena
to be built near Union Park, home of the World Jewelry Center, moved a
step closer to reality when it received approval from a key Las Vegas
committee, according to a recent report in the Las Vegas Review-Journal.
The sports arena, which planners and Las Vegas Mayor Oscar Goodman hope will eventually be home to a National Basketball Association or National Hockey League team, is part of a planned 85-acre project by Michigan developer REI Neon. It will be located only a few blocks from the site of the World Jewelry Center. Please click here to read the entire article. Las Vegas visitor traffic in May was nearly 3.4 million, an increase of 1.2 percent compared with the same period last year, according to a report issued by the Las Vegas Convention and Visitors Authority. May also marked the fifth straight month in which there were more than 3 million visitors to the city. The report also shows that hotel occupancy for May rose by two percent over May of 2006, with more than 90 percent of all hotel rooms occupied for the fourth straight month. Las Vegas has 133,000 hotel rooms. Gaming revenue in May was nearly $754 million, up 0.6 percent over May of 2006. |
The Rapaport Group has signed a Letter of Intent to purchase office space in the World Jewelry Center.
The Rapaport Group is the primary source of diamond price and market information. Group products include the Rapaport Diamond Report® and RapNet®, the world’s largest electronic diamond trading network, with daily listings of over $3.1 billion of diamonds. "The World Jewelry Center is a great opportunity for diamond and jewelry companies seeking to develop and expand U.S. operations. Rapaport USA has been based in Las Vegas since 1998 and profited greatly by being there. Improved access to superior employees at reasonable rates, a 24/7 work environment, no state or city taxes, and a can-do pro-business attitude have made Vegas a great place to do business," said Martin Rapaport, Chairman of the Rapaport Group. "It is indeed a pleasure to welcome the Rapaport Group to our ever-growing family of companies," said WJC Managing Director Bill Boyajian. “Martin Rapaport is a noted industry leader and visionary, and the Rapaport Group’s participation will enhance the diversity and quality of firms that are part of the World Jewelry Center.” "This also demonstrates the continued confidence of the gem and jewelry industry in the vision of the World Jewelry Center," Boyajian added. "We are attracting companies of all sizes, regions of the world, and products and services, making it truly the ideal international marketplace for gems and jewelry." |
Photo caption: Las Vegas visitor traffic in May increased by 1.2 percent over the same period last year. |
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| World Jewelry Center Approaches 100 Participating Firms | |
 Nearly
100 firms, representing 15 countries, have now signed Letters of Intent
to purchase space in the World Jewelry Center. These firms are listed
here, in alphabetical order, by country.
Canada: Amaswiss Ltd.; Canadian Gem; Diaco. French Polynesia: Robert Wan Tahiti. Greece: Dagazian Fine Jewellery. Hong Kong: GLOBAL-FINDINGS.COM Group, Ltd. India: Dipti Publications Pvt., Ltd.; Kiran Exports; Manek Gem - Art International; Rajwarah Jewellers Pvt., Ltd.; Shrenuj & Company Ltd.; Suvarnaratnam. Indonesia: P.T. Kapit Mas (Verlu LLC). Israel: Avi Paz Group; Eshed Diam, Ltd.; Fancy Collection; GemEWizard; Gemological Institute for Precious Stones; M Schnitzer & Co. Italy: Mariella Burani Group; The Cleo Collection; Italian Jewelry of America. Japan: Tasaki Shinju Co., Ltd. Lithuania: Amber by Mazukna. Russia: ESTET Jewelry Company; Rifesta. Saudi Arabia: L'azurde Company. Turkey: ARIS. United Arab Emirates (Dubai) : Dhamani Jewels. United States of America: Alan Friedman Designs; American Gem Society (AGS); Amerigems; Amit Berger; Asia House of Texas; Azar Jewelers; Inc.; Bergio; Betlach; Bond Street Jewellers; C Mahendra NY LLC; Caretta, Inc. dba; The Jewelry Factory; Color Masters; Cora International LLC; Daniel K; David Tishbi Handcrafted Jewelry; David Trading Co. Inc.; Diamonds of Russia; Exclusive Gems; Eye on Jewels Corp.; Fantasy Diamond Corp.; Focus Business Management; GemFind.net; Gemological Institute of America (GIA); Giovanni Group; Giraux Fine Jewelry; Gold & Diamond Inc. Houston; Hearts On Fire; House of Taylor Jewelry, Inc.; House of Watches; I Do Diamonds; International Colored Gemstone Association (ICA); International Gemological Institute (IGI); JEA Jewelry; Jewelers Mutual Insurance Company; Jewelry Consumer Opinion Council; Jewel's by Viggi; JPI Display, Inc.; Katzenellenbogen Jewelers Insurance Specialist; Kazanjian Bros.; LDM Company; Liberty I. Exchange; Logic Mate; Lucent Diamonds; M.J. Christensen; Masica Diamonds; Mason-Kay; MaxMark, Inc.; Media Imports; NaturalJade; NK Supply, Inc.; Oro Diamante; Prompt Gem Importers, Inc.; Quality Color Design; R. H. & Company; Silver Star Jewelry; Simplex Diam; Star Rays NY, Inc.; Steven L. Miller, A Professional Law Corporation; Super Bell International, Ltd.; Supreme Gem Corp.; Susan Eisen Fine Jewelry & Watches; Tara & Sons, Inc.; Tycoon; Vimco Diamond Corp.; Wasserman & Wexler, LLC dba; International Jewelers Block Insurance. |
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| WJC Participant News | New WJC Ad Features Two Industry Leaders |
| Shrenuj & Company,
a DTC Sightholder and a participating firm in the World Jewelry Center,
has acquired Simon Golub & Sons, Inc. (SGS) a major U.S. jewelry
distributor. The deal is expected to greatly increase Shrenuj’s reach
to retailers throughout the U.S., as a result of SGS’s 80-years of
experience with retail jewelers. Dhamani Jewels, exclusive distributor of the 99-facet Dubai Cut diamond, has added emerald jewelry to its product line. The jewelry, from earrings and bracelets to necklaces, features emeralds in a variety of shapes and sizes and is often complemented by diamonds. EyeOnJewels Corporation will sponsor two Gemological Institute of America (GIA) scholarships in the Distance Education School of Gemology Accredited Jewelry Professional diploma program. EyeOnJewels and GemFind.net also won Best in Show awards at the recent JCK Las Vegas Show for their use of Web technology. |
 A
new World Jewelry Center advertisement that will appear soon in many
jewelry trade media features two industry leaders from different
continents, but with similar business outlooks.
Glenn Rothman, CEO and Founder of Hearts On Fire, based in the U.S., and Amit Dhamani, Managing Director of Dhamani Jewels, based in Dubai, are pictured in the ad, along with their comments on how they see their participation in the World Jewelry Center assisting the growth of their businesses. “Both Glenn and Amit are excellent industry leaders who are noted for high-quality gem and jewelry products, innovation, and great market awareness. We are proud that they are part of the World Jewelry Center, and equally pleased that they are represented in our new advertisement,” said World Jewelry Center Managing Director Bill Boyajian. Please click here to see the full-size image of the ad. |
Vegas Retail on a Roll
Deal with sky high potential: Analysts see possibilities in land acquired with tower
Charlie Palmer hotel-condo planned for Union Park
City green-lights tax break for Las Vegas Premium Outlets |
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| If you would like further information, about the World Jewelry Center please click here or contact: | |
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Bill Boyajian
Jerry Buckley
Jane Lynch-Rush |
Corporate and Sales Offices: |
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