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Jewelry Headlines - Thursday, March 11, 2010

In The News: Free Jewelry Promo Gone Wild!
A Free Jewelry Promotion offer developed for an up-coming TV commercial by an online jewelry retailer stirs up a Viral Campaign leading to an unexpected 500% increase in sales....

Is Jacob the Jeweler Jacob the Money Launderer? Jacob the Jeweler was Arrested on Money Laundering Charges
Big news in the jewelry world, Jacob Arabo, founder of Jacob & Co., and famous for being Jacob the Jeweler to rap stars and celebrities has been arrested on federal charges.

Signet (Kay Jewelers), Zale end merger talks
Britain-based specialty jeweler Signet Group PLC, operator of Kay Jewelers and other mall-based chains, and U.S.-based jewelry chain Zale Corp. said Monday that talks about a possible merger have ended. Zale Corp. also confirmed talks have ended.

Kay Jewelry Pays Out $1.3M In Overtime Wages
Akron-based Sterling Jewelers (parent Company of Kay Jewelry) has agreed to pay nearly $1.3 million in overtime wages owed to current and former employees of its retail stores operating at more than 1,100 locations in 41 states.

Trump gets into jewelry business
Move over Liz Taylor. The Donald is moving into the jewelry market.

Jewelry Television Buying Shop at Home
Jewelry Television is finalizing a deal to purchase some assets of Shop at Home, the home-shopping network that The E.W. Scripps Co. is pulling the plug on June 22, officials from both channels confirmed.

Striking miners launch "Dirty Diamonds" campaign
While the recent industry initiative to boost and maintain consumer confidence in diamonds focuses on the issue of conflict diamonds in Africa, there's trouble brewing to the North.

Kays Jewelry In Merger Talks With Zales
British jewellery retailer Signet Group the parent company of Kays Jewelry is in talks about a potential tie-up with U.S. rival Zales Corp.

Zales threatening to sue BoycottZales.com for publishing the truth
Zales has threatened to sue BoycottZales.com for defamation and exposing them for their less than admirable business practices, as thousands of customers have attested to.

The full story can be found on their site. We urge you to support them in any way you can.

Consumer Complaints: Blue Niles Break Half-Price Promises
Dollsome reader Paige C. writes in about the tragic mislaying of one of her Blue Nile earrings. It is rather predictably followed by a smattering of appalling customer service on Blue Nile’s part after they promise (then deny) her a half-priced replacement

Jewelry News: DeBeers Diamond Syndicate Vows to Uphold Mission
Setting-up shop on the Internet can be done with as much fanfare or as few frills as necessary said diamond company entrepreneur Marvin Rosenblatt.

Ebay users fed up with fakes
Rogers thought she had snagged a great deal on Ebay. But when the jewelry arrived from a seller in Rhode Island, her well-trained eye told her all the pieces were knockoffs.

Stores to stop selling jewelry with toxic lead
Seventy-one companies, including some of the nation's top retailers, have agreed to end sales of children's and adults' costume jewelry containing toxic lead.

ShopNBC jewelry Scams and consumer complaints
Mary of Spring Hill, FL, purchased $10,000+ in jewelry from Shop NBC only to find that many of the pieces were not as described. The diamonds were not the quality as stated on the site and by host. Major stones were cracked, broken and even missing when they arrived.

Jewelry News: Jewelers Squeamish Over Blood Diamond - Bling industry bracing for backlash over Hounsou film
The U.S. jewelry industry is reportedly nervous and looking over its shoulder for the arrival of the upcoming film "The Blood Diamond," which tells how diamond smuggling in Sierra Leone was at the center of brutal civil wars.

With rising metal prices, jewelry making is no gold mine
Gold and silver were excellent investments over the past year, but the astronomical price rise for both metals could prove tough on the "bling."

Valuables and jewelry are worth protecting
It is the time of year when Cupid is shooting off his arrows and the overwhelming feeling of love and romance is driving men and women to buy that special something for that special someone. But something those lovebirds with the expensive gifts can forget is insurance.

Breaking News Thursday, March 11, 2010

Jewelers sweat a 'Blood Diamond' holiday
source
As U.S. jewelry merchants see it, "Blood Diamond" could mean a blue Christmas.

"It's a tough movie ... it will raise a lot of questions," Tiffany CEO Michael Kowalski told analysts last week at the Goldman Sachs retail conference in New York

Have a complaint, story or article that you would like featured on JewelryFacts? Submit it here!

JEWELRY LEARNING CENTER

JEWELRY HEADLINES

Thursday, March 11, 2010

■ Is Jacob the Jeweler Jacob the Money Launderer? Jacob the Jeweler was Arrested on Money Laundering Charges

■ Zales threatening to sue BoycottZales.com for publishing the truth

■ Consumer Complaints: Blue Niles Break Half-Price Promises

■ Ebay users fed up with fakes

■ Stores to stop selling jewelry with toxic lead

■ ShopNBC jewelry Scams and consumer complaints

LATEST JEWELRY CUSTOMER COMPLAINTS

Elsarings.com doesn't deliver on custom sapphire ring
I bought myself a beautiful sapphire several years ago and finally had the money to have it set. I contacted a few different jewelers and chose one based on price and also whoever contacted me back. ...

Consumer Complaints: Amazon.com uses shady practices with it's own sellers
I'm not going to use my real email address as we all know what happens to sellers who speak the "truth" about Amazon selling. They get canned. ....

Complaints about Zales Jewelry - Customers being ripped off
Christmas 2000, my husband bought me a heart-shaped diamond necklace from Zales Jewelry located at the Southern Hills Mall in Sioux City, Iowa at a cost of $212.96. Just before Christmas 2001, I noticed that two of the diamonds were missing, so I took it back to the mall store to be repaired. That was the last time I saw it!!

UPS - Lost Jewelry Case
UPS loses $15,000 Diamond Ring and leaves customer empty handed.

Chicago Jeweler Accused of "Cyber-Squatting"
With the online Christmas shopping season in full swing, Illinois Attorney General Lisa Madigan is suing a Chicago area jewelry store that she says unfairly took business away from its competitors and deceived online shoppers by using copycat Web addresses to redirect consumers from their intended Internet destinations.

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