InsiderNews September 2011
Featured Article
Warren Buffett sure knows how to run a jewelry store, do you?
By David Geller
I keep hitting my head against the wall trying to get jewelers to do what’s right with inventory. If you won't take my word for it, would you take the word of the guy who owns the #1 jewelry store in America?
Borsheims is the largest single jewelry store in America. One store, free standing building does $100 million dollars in volume per year. ONE STORE! That's the #1 store in America, in Omaha Nebraska.
When I tell jewelers about turn and how much inventory they should keep they all agree
"Yes David, we're with you!"
Yeah sure, it’s similar to how Americans feel about their congressmen and senators. A study shows 90% of Americans believe we should deep-six the Congress and the Senate and elect new ones.
"Except for mine. I want to keep mine"
Always an exception[...]
Industry News
Elizabeth Taylor Jewelry Auction Set for December
The 33-carat D-flawless Krupp Diamond, a pearl that once belonged to the Spanish crown, and three diamond rings won in a game of ping pong, will be among the highlights of Christie’s auction of Elizabeth Taylor’s jewelry in December.[...]
Bidding starts at auction of 43.51-carat 'Golden Eye Diamond'
Bidding has begun for the so-called 'Golden Eye Diamond' on behalf of the U.S. Marshals Service seized by U.S. federal agents in 2006 during a raid on drug dealers[...]
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