Diamonds & Engagement Rings News

             “An economic forecast is only good if everything stays the same.” 

            The economy’s impact on jewelry can be studied once there is a clear picture of the overall economy. After much analyzing of the present economy, we find a drop in March, of 64.5 points in the Consumer Confidence Index. It has been the lowest figure in 26 years.

Gas prices keep increasing and are now heading to $4 a gallon. As the U.S. dollar stays weak and oil prices and the threat of inflation continue to increase, gold continues to increase as well. During March, gold reaches an amount of $1,038 per ounce, attaining a record but then falls below $1,000, which offers no prediction. There are those economists who say there is supposed to be a decline and others who feel they are in one already. The rate of April’s unemployed people is supposed to be higher than March. Consumers have started cutting down on spending, now giving recovery a greater chance.           

  This downfall of the economy is obviously affecting the jewelry industry as well, raising the amount of gold, diamonds and silver. Therefore, customers are forced to cut back on luxuries, while companies try to be kept from closing down.        

    Even when such extreme downfalls occur, jewelers just find it an “annoying part of the scene- been there done that.” Some jewelers, who tried and succeeded in taking the safer approach, cut down on payrolls, while others were forced to close down their companies all together due to bankruptcy.     

        During today’s society the Web has becomes a vital part of any marketing mix. The Internet has developed into the very source to almost anything that is done around the world. Whether it is, buying, selling, trading, communicating, browsing or anything else.

This is where we come in! Diamonds on Fifth makes it easier by having access to gold, diamonds, silver, engagement rings, loose diamonds, and more over the Internet. By having a website automatically, our company gets less affected by the outrageous downfall allowing our customers to continue shopping at the same steady costs.    

RAM-RAIDERS broke through the window of a high-end diamond & jewelry  store in Sydney yesterday, the managed to walk away with up to $5 million in rare pink diamonds.

The thieves used a white stolen four-wheel drive Nissan to smash through the back of the Mondial Neuman store in the 

 The store’s manager Michael Neuman said that this was carried out with “military-style precision”. Michael said he only had a vague idea of what had been stolen. “There were many substantial items of pink diamonds and other natural-colored diamond jewelry. It’s what we’re renowned for”.  

Right now Michael estimates the stolen jewelry to be worth anything between $2 and $5million. The good news he says is “There is still a lot of good stuff they didn’t get”. Staff members had just begun to open the business for the day when the car drove through the window. Luckily no one was hurt.

  Adam Selim, who works in the Queen

 The owners of the vehicle, Tony and Jenny Duddy, said it was stolen from their Drummoyne home. “We’re not all the sure on what time they came- some time in the middle of the night,” said Mr. Duddy, who was the one to discover the vehicle’s whereabouts after reading about the robbery on the Internet. It doesn’t look as if there is much damage according to the police and there was nobody hurt which is the most important thing. 

 A woman working next door to the jewelers saw the dramas unfold. “I was going upstairs to the stock room when I saw the car pull up,” she said. “ It mounted the curb and I just thought it was a bad driver. Then I saw a guy who was masked jump out of the back seat and move a café table out of the way. The car rammed into the window.” She said the man went back to the car to retrieve a bag out of the back seat before entering the store.    A security guard tried to stop the robbers by standing in front of their getaway car, a red Audi sedan. 

Retail jewelry Web sites trailed only cosmetics and consumer goods in category growth from unique visitors during the month of December, an analysis by ComScore Inc. reveals.

As consumers rushed to complete their holiday gift lists online, the analysis showed that fragrance and cosmetics sites experienced a 30 percent increase in the number of unique visitors between November and December, followed by consumer-goods sites with a 23 percent increase, and jewelry, diamonds, luxury goods and accessories sites with a 22 percent increase, to 24 million unique visitors.

Windhoek, Namibia - Five Israelis and their pilot have been killed in the southern African nation of Namibia after their six-seater Cessna 210 crashed into a house on take-off from Eros airport.

The five dead were identified as Israeli diamond-cutters, according to the Zaka organisation, responsible for the recovery and identification of body parts.

Officials who are dealing with the incident said that the task of identifying the victims is a very difficult because the plane completely disintegrated.

Moti Ganz, president of the Israel Diamond Manufacturers Association, said that all five crash victims are members of the diamond industry. “In recent years, many diamond factories have been established in the southern section of Africa, and about 50% of Namibia diamond factories are under Israeli ownership,” Ganz said.

The plane, operated by Atlantic Aviation, crashed during a stop-over in the capital Windhoek for refuelling on Friday, while on its way to the Etosha National Park in the north of the country.

Ericsson Nengola, director of aircraft accident investigations at the department of civil aviation, told AFP that according to eyewitnesses, the sound of the plane’s engine did not sound right.

DOF News has learned that the identity of one of the crash victims is Shlomo Silberberg President  of Aloni Diamonds on 47th street in New York City, and 3 of his workers.
Mr. Silberberg is very well known name in the jewelry industry in NYC.

The other names who were confirmed to have been aboard the plane, and have officially been declared missing, are Shmuel Zigdon, Amit Cohen, Ilan Hadadi, and Avichai Abarov.

 We at Diamondsonfifth.com did business with them a few times, bought some diamonds from them, and can’t have better words for them, the all a bunch of great people.

Monday December 31,2007

Tonight’s the night!          

   On Friday, several jewelers were awaiting pickups from boyfriends who had selected diamonds rings in advance, to be fitted for tonight’s romantic moment. Other customers had ordered rings for New Year’s anniversaries as well.          

   For many jewelers it’s the busiest time of the year. There is lots of competition on the Internet and the retailers are tight. Jewelers in several stores were doing quit nicely they said.

    Kasuba agreed that diamonds are increasingly competitive business. The Internet has really tightened up the profit margins for diamonds in particular. Plenty of people will get ideas online for Diamonds rings and then come online to make a purchase; the personal touch of a store cant be found online, says Kasuba and others.          

    Richard Wise says, Ninety-five percent of gems sold in the United States are diamonds. 

   Moshe, from Diamonds on Fifth says that the holidays are certainly the busiest time of the year for him. 

            Early this November retail sites saw the biggest rush in online traffic with jewelry, luxury, good and accessories. With November showing the start of the holiday season, online customers, comparison-shopping engine and discount sites experienced a flood of visitors.

            Moshe from Diamonds on fifth says: “With the sub-prime melt down and high gas prices having and impact on retail spending, consumers are doing their research and searching for the best deals online.” 

 There are many other departments stores that their customers also experienced traffic increases such as Target corp. with nearly 42 million visitors in November (up to 35 percent), followed by Wal-Mart with nearly 40 million visitors (up 54 percent) and J.C penny with 18 million visitors (up 37 percent). More than 2 million consumers have given the company permission to confidentially capture their browsing and transaction behavior, including online and offline purchasing.

Gun-toting carjackers made off with an 18-wheel FedEx delivery truck after accosting the driver at a stoplight in Manhattan early Friday, police said.

Police say the truck was stopped at a traffic light at 47th Street and Eleventh Avenue when two men pulled guns on the driver and forced him out of the truck. The driver was put in another car and driven around for awhile. He was found around 1:30 this morning in Brooklyn, reports Magee Hickey for CBS station WCBS-TV.

The driver wasn’t hurt, police and FedEx Corp. spokesman Steve Barber said.

The FedEx Express truck was headed to a company facility in Newark, N.J. While the driver, who has worked with FedEx for 25 years was stopped at a traffic light on the far western side of midtown Manhattan, two men confronted him, brandishing a gun, according to police.

The truck was carrying more than $1 million of cargo, including holiday gifts, diamonds, and jewelry. Police do not consider the driver of the truck to be a suspect.

Moshe’s Comment: We shipped out two engagement rings with Fed-ex yesterday, and hope it wasn’t in this truck, We are in the middle how following the boxes. We will let you know if our diamond rings where on this truck.

In today’s world it’s going around that more women are buying jewelry. For instance Pam McGinnis didn’t event think to drop $1,000 on a Lecil Henderson necklace from Sanders Jewelers in Pasadena. As well after her husband lost his first diamond wedding band she didn’t even flinch to buy him another one. She figures that if she’s working and she’s likes a piece  she is going to buy it.    Going back 25 years ago no jewelry purchase was made unless it was  by a gentleman.    

   Women are pulling more cash out of their handbags for loose diamonds and gold, experts say. Over the past two decades, they are taking on a greater role in the work place, as well they are really benefiting from the trend ,local jewelers say.      

Moshe from Diamonds on Fifth says that he estimates that about 30 percent of his sales came from self purchasing women last year. It shows that the growing demand  shows a social shift that more women are moving up and bringing home higher salaries. Women are expected to make up 48 percent of the labor force by next year. (U.S. Bureau of Labor Statistics says) .That is up from 45 percent in 1988.      

   Larry Sanders, President of Sanders Jewelers estimated that  between 30 percent and 40 percent are self- purchasing women.      

   Ms. Schupak stated that ” the traditional perception has been that men buy jewelry for women period”.      

   Back into the late 1980’s and early 1990’s women are purchasing two-thirds of all gold jewelry and 90 percent of all sterling silver. But it also says that a larger number of women are buying diamonds now and plenty of colored gem jewelry Ms. Schupack says. MVI Marketing Jewelry Consumer opinion Council survey says that 84 percent of respondents were women, and more then two- thirds bought jewelry for themselves in the past.       

    WR chance, which carried 90 percent of products for women recently had designer Amy Levine in the store , and bought five or six items ranging in price from $300 to $5,000. The store recently had a ladies night event to help women develop a wish list that they want their others to buy them.  

    Happens to be that 90 percent of the sales that night were purchased from women for themselves. Mr. Chance says that women are having a bigger interest in the purchases and even paying a portion for the engagement ring.  

Surroundings with big buildings, color, light and thousands of people in NYC you come along a block called

. It’s between fifth and sixth Avenues. This is where all diamonds are bought, sold, and cut. (ect). It all happens here!

 Since this place is so busy, video cameras cover the area like no tomorrow. Their are police in the street and private hired security that watch the shoppers and pedestrians.

 At Diamonds on Fifth it is so exciting because you could save up to 50% by shopping online, then go to the salon to view the diamond and have the benefit of the internet price and being able to see the diamond for yourself. In the early 40’s Fleeing anti Semitism as the German army approached the diamond centers of Antwerp and Amsterdam landed in New York, they were experts in cutting, selling, and polishing Diamonds.

Back in the day

was a part of the cities garment district. 65 years went and the one block area became

there is 35,000 people on the block, and 25,000 more that support its businesses. Diamonds on Fifth is one of the most fascinating diamond businesses out there. They’re nice, reasonable and love to work with their customers with anything you need.

Get right to the point, i think that everything the citron research cmae up with is a bunch of crap, as i will go into details below.

1)The CITRON analysts that claimed that the stock was crap just happened to short it the day before.. hence the investigation. If this stock really was crap, do you honestly think that no other analysts would have said anything (including IBD). Come on. Everyone is selling on fear. One illegal act by some analysts
drops a stock price in half. Not just any stock, but one with these revenues. Buy.

2)Another thing the citron report, reports is  that people claim that  BIDZ’s jewelry is far less quality that some other diamnod and jewelry web site like diamondsonfifth.com or bluenile.com. Well, when you pay 50% of the price you would in stores, what do you expect? BIDZ is not in the business of selling fine jewelry. Go to Diamondsonfifth.com for that. This company sells jewelry to the masses. They sell jewelry so guys can buy something for their girl and not go broke but make her happier than ever.

Another important thing you need to know they have a 100% return policy so if you don’t like what you but just ship it back and get back you money.

So for the conclusion i thing Bidz.com is a good company and it pays to invest in there stock.
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