Trade Resources

Swiss watch manufacturer Tag Heuer is eliminating 46 full-time positions and will reduce working hours for another 49 employees in response to slowing export growth, reports Bloomberg.com. The production unit affected by the layoffs currently employs around 1600 people, and the 46 positions to be cut are from the management and production departments.

As of September 17^th, 2014, EGL International certificates will no longer be listed on Polygon’s Certified Diamond Database. As well, the sale of EGL International goods on Polygon’s Buy/Sell channels, where members can post individual diamond offers and request goods, will be restricted as of this date.

Phase I of the Panama Gem and Jewelry Center - a $200-million architectural project under construction in Panama City, intended to attract companies to Latin American jewelry markets - is on track to be completed in the fourth quarter of 2014, according to an official press release.

On Aug. 12, New York State Governor Andrew Cuomo signed into law a bill banning the sale of ivory in the state. The new law makes it illegal to sell rhino horn, elephant ivory and mammoth ivory, while making exceptions for some products, and is similar in nature to a law passed by New Jersey Governor Chris Christie on Aug. 5.

A year-long investigation by the New Jersey Division of Consumer Affairs has resulted in a total of 936 civil citations being handed out to 21 retailers offering ‘cash-for-gold’ services in the state. As well, criminal charges have been brought against two retail jewelers for allegedly dealing in stolen goods.

The New York Antique Jewelry & Watch Show returns to New York City this July 25-28. Hosted at the Metropolitan Pavilion, this event gathers more than 100 of the industry's most elite dealers and showcases a stunning variety of antique, estate and vintage jewelry and watches.

Polygon was proud to be a part of both JCK Las Vegas and the Antique Jewelry & Watch Show, with whom Polygon partnered for the fourth consecutive year. Both shows proved excellent opportunities to meet with many of our current and prospective members!

LAS VEGAS (June 5, 2014) – The Las Vegas Antique Jewelry & Watch Show recently reported a 25 percent increase in opening day attendance, 11 percent cumulatively, at the May 29-June 1 event. Held at the Paris Hotel & Casino during Las Vegas’ Jewelry Week, the four day tradeshow featured the largest selection of antique jewelry and watches from nearly 400 dealers.

An investment company holding a 9.5 percent stake in Zale Corp. has stated that it intends to vote against the acquisition of the company by Signet Jewelers, as part of an upcoming shareholder vote scheduled for May 29. The announcement by TIG Advisors LLC, in which the investment company referred to the Signet/Zale deal as “inadequate” for Zale shareholders, could significantly delay or even derail the highly-publicized takeover that was announced in February 2014.

In a unanimous decision delivered on April 29^th, the United Nations Security Council rescinded a nearly decade-long ban on the export of rough diamonds from Cote D’Ivoire, also known as the Ivory Coast.