There have been two petitions for certiorari filed. On April 2, 2012, the U.S. Supreme Court denied the petition for certiorari that was filed by members of the indirect purchaser class. According to the Jewelers Vigilance Committee, the denial of this petition means that the previous decision of the “en banc” Third Circuit Court of Appeals denying the class members’ attacks on the settlement will be reinstated.
However, the second petition for certiorari is still under consideration. Payment of claims will be delayed until the Supreme Court acts on this second petition.
Jewelers of America continues to follow the developments on the settlement closely, and will update our blog with any future developments.
Reports from BaselWorld, which closed last Thursday, showed attendance up and enthusiasm on both sides of the aisles at the world's largest fine jewelry and watch show. Time magazine's slideshow displays Baselworld's top "Eye Candy;"JCK's Jennifer Heebner reveals the design trends she spotted at the show. (Time, JCK)
An upcoming Christie's auction of Heiress Huguette M. Clark's "fairytale" jewelry collection on April 17th has excited the trade and consumer press. (National Jeweler, People.com)
New Luxury Institute Report shows no correlation between strong social media presence and increased sales & profits (...yet!) (IDEX)
The Facebook Timeline deadline is quickly approaching -- all brand pages will be automatically transitioned to the Timeline design on March 30th. Use these expert tips to make the transition for your brand as seamless and effective as possible. (Note: if you’ve yet to feature your company’s brand on Facebook -- now is the time to do it, and here’s why…)
This season, gemstone rings and necklaces will be ubiquitous in jewelry accessories. The more natural and/or opaque, the better! Our in-house trend experts at Jewelry Information Center advise jewelry retailers to showcase these key gemstone trends: organic-looking gemstones -- like opals, rutilated quartz and moonstones; sultry opaque gemstones -- like hematite, lapis lazuli and labradorite; and gemstones that pop with color.
After the severe tornado tore through his town of Harrisburg, IL, Joe Bacher, owner of J. Bacher Fine Jewelry -- a JA Retail Member located at 301 N. Commercial Street, contacted Jewelers of America about the fundraising efforts he was leading to help the tornado victims in his community. If you are in the area, visit his store to support the efforts below. You can also make donations through the Harrisburg Disaster Relief program.
Joe wrote, "We're hopeful that this will all help, both monetarily as well as in the fact that there is support within and outside of the community."
