Thanks to all of you who took advantage of our 20%
off special. It
was as usual a big success. Who doesn't like a good sale, anyway?
My trips to
India, Thailand and the Tucson Gem Show were once again fruitful.
There was lots to see and buy. I found some great shell pieces in
Thailand, along with some really cute Hilltribe
necklaces that are sure to be a hit. In India I found some really
style" jewelry, with delicate cast silver work.
My textile suppliers
had some great ideas for handbags. I also found some really nice
cushion covers, as usual. Most of the fabric products I bought won't
be ready until next month, but I did buy some ready goods that will
be here shortly.
As for new jewelry
items, check the site.
We've added over 50
new pieces for you to peruse. There are new
chains, new Hilltribe
jewelry, several new amber
designs, in addition to a bunch of assorted jewelry that can be
seen under the new
arrivals section. Over the next several days we'll be adding
more, including lots of new amber
that I got as closeouts while in Tucson. I know the prices will
appeal to everyone, and the quality is top notch.
As I have
mentioned before, the annual Tucson Gem and Jewelry Show is the largest
collection of gem, mineral and jewelry suppliers in the world. The
show is held during the first two weeks of February in Tucson, and
is a huge event. This year there were 39 different venues with anywhere
from a dozen to over 500 exhibitors per show. You do the math: it's
a big deal.
from all over the world to exhibit their wares. At the Tucson Show
you can find everything from fossils and mineral specimens to beads
to high end diamond jewelry. If it's made from stone, chances are
you can find it in Tucson. This year was the largest show ever.
most noticeable trend this year was turquoise.
Everyone had it in some form or another. There was sky blue turquoise
from the US, apple green, brown, or yellow varieties from China,
and even lime green dyed turquoise processed in Hong Kong. It seems
the forecasts have everyone ready to move huge quantities of this
fun and attractive mineral during the resurgence in popularity.
were the amount of bead wholesalers. Having just opened a retail
store with about 1/3 of the square footage devoted to beads,
I was obviously on the look out, but it really seemed like this
year every other booth had beads for sale. The variety and price
range was truly staggering. Some of the Indian wholesalers were
offering low end semiprecious beads for $1 per strand. Other vendors
specialized in high end faceted gemstones sold in the hundreds of
dollars per half-strand. There were also silver, gold, vermeil and
even copper findings. The number of vendors is a testament to the
widespread interest among hobbyists in making their own jewelry.
I was also struck
by the confluence of current events and how they are impacting the
jewelry industry. Precious metals prices, especially silver, have
fluctuated wildly over the past year. As I have mentioned before,
the overall trend is on an upward trajectory. For literally a decade,
silver hovered in the $5 per ounce range. Over the past year price
has varied between $5.50 and $8 per ounce. In truth it has rarely
dipped below $6 per ounce, and often tops $7. Today
silver opened at $6.60 and closed at $7.17!
to rising silver, the US Dollar is currently coming off some historic
lows. In 2003 for example, $1
bought almost 43 Thai baht. Today it buys just 38.5 Thai baht,
a difference of almost 12%. My Thai vendors charge more now for
silver, and my dollar buys 12% less than it used to. The dollar
story is even more dramatic.
In the end,
I finally saw "bottom line" prices rising. Sure, there
were still the 29¢/gram signs, but the selection was a sorry
state of old close outs and very limited quantity. The price increases
are gaining traction and I doubt we'll see any drop until and if
silver prices settle down and the dollar recovers.
The silver lining
(pardon the pun) to this cloud is that in the grand scheme of things
silver is still inexpensive compared to many other commodities.
Retailers will continue to have plenty of room for mark up while
keeping prices affordable in the eyes of our customers.
of the Site
Arrivals section features more than 50 new items.
Great new Hilltribe
is hot, as is coral.
New Tucson blowout items on the way!
Lots of exciting
things happening. Turquoise is always fun to wear and customers went
crazy for it two years ago, so stock up while it's hot. If you have
any questions or comments, please email me.
888-408-0072 toll free (US only)
off orders over $150
You may return any item for any reason.
We have a no-questions-asked policy. If you get something
you don't like, for any reason, just send it back!
All our silver jewelry is guaranteed sterling (at
least 92.5% silver), and whenever possible each piece is
stamped to indicate this. All our stones are genuine.
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