Author: Abidemi Fadekemi

The International Council of Shopping Centers (ICSC) has released its 2023 Holiday Shopping Forecast, predicting a 3.8% increase in retail sales during the October-December period, despite the prevailing economic conditions. he Annual Holiday Shopping Intentions Survey conducted by ICSC reveals that 90% of consumers, approximately 235 million, plan to shop this year. Consumer Spending Trends Consistent Spending Amid Economic Challenges Tom McGee, President and CEO of ICSC, stated, “We expect a positive holiday shopping season this year as consumers continue to spend in spite of economic headwinds.” The survey indicates that 80% of shoppers expect to spend the same or…

A 23-year-old customer was inadvertently locked inside a large vault in Manhattan’s Diamond District for nearly 10 hours before being released unharmed. The incident occurred at DGA Securities’ vault located inside 580 Fifth Avenue The World Diamond Tower at 580 Fifth Avenue. The Lock-In The customer was accessing his lock box inside the room-sized steel vault on Tuesday night when a timed mechanism unexpectedly activated, locking him inside. Police were alerted to the situation around 8:45 p.m. and, along with FDNY personnel, worked tirelessly through the night in an attempt to free the individual. Rescue Efforts Rescue teams managed to…

The Ethical Gem Suppliers group is thrilled to announce the inaugural Ethical Gem Fair, set to take place in Brooklyn on the 19th, 20th, and 21st of October 2023. Event Details: Venue: Brooklyn Metal Works Address: 640 Dean Street, Brooklyn, NY 12238 The Ethical Gem Suppliers group is a collective of gemstone suppliers dedicated to promoting transparency and responsible sourcing within the gemstone supply chain. Their commitment to ethical practices is evident in their various initiatives, which include: Supporting artisanal miners and their communities. Providing gemstones with verifiable origins and full traceability. Ensuring fair pay and treatment for everyone involved…

Jewelers of America (JA), the national trade association representing businesses in the fine jewelry marketplace, has ushered in a new era of leadership. The association recently elected a new Chair, Executive Committee, and Board of Directors. These pivotal changes were formalized during Jewelers of America’s annual general meeting on October 2, 2023, and the subsequent Board of Directors meeting on October 3, 2023. Coleman Clark, President of B.C. Clark, has been elected as the new Chair. The Executive Committee will comprise Matthew Rosenheim of Tiny Jewel Box as Chair-Elect, Steve Padis of Padis Jewelers and Elise Greenberg of Greenberg’s Jewelers…