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After being sued for $200K, Julius Erving puts his trophy case up for auction

By Kelly Dwyer
Yahoo Sports

After being sued for $200K, Julius Erving puts his trophy case up for auctionTimes are tough for business owners both big and small in 2011, and Basketball Hall of Famer Julius Erving is no exception. The formerPhiladelphia 76ers legend is being sued for nearly a quarter of a million dollars after an investment in a golf club went belly-up.

The Atlanta Journal-Constitution has the breakdown:

Erving’s company was given a $1 million line of credit in April 2009, which was due the following April, according to the lawsuit obtained by the AJC. Erving used aGwinnett County home as collateral to secure the loan, the lawsuit states.

In August 2010, the line of credit was reduced to $750,000 and the maturity date extended to July 24, the bank stated in the suit. But, an outstanding balance of $205,277.84 has not been paid, despite a demand letter for payment sent Sept. 29.

Erving, better known by his nickname Dr. J, moved to the Atlanta area in 2008, about two years after purchasing the Heritage Golf Club, near the Gwinnett-DeKalb county line. The AJC reported in April 2010 that the golf club was in foreclosure.

That’s just all sorts of unfortunate. Erving has taken in plenty of post-playing work since retiring from the NBA in 1987, including stints as an analyst on NBC and a gig with the Orlando Magic as an advisor. It’s not clear what his role in the failed golf club was, but he’s certainly on the hook here.

In what the AJC is calling an “unrelated” event, a litany of Dr. J’s personal memorabilia has gone up for auction, through the SCP Auctions company. It’s a pretty significant list of swag, available here:

Some of the marquis items from the collection include Dr. J’s 1974 and 1976 New York Nets ABA World Championship ring; 1983 Philadelphia 76ers World Championship ring; 1996 NBA’s 50 Greatest Players ring; MVP trophies from 1975-76 (ABA) and 1980-81 (NBA); 1977 and 1983 NBA All-Star game MVP trophies; 1979, 1981 and 1985 Eastern Conference All-Star game-worn uniforms, 1982-83 Philadelphia 76ers game-worn road uniform; and his final game-worn jersey from Game 5 of the 1987 Eastern Conference playoffs.

That’s not just some of his memorabilia — that’s all his memorabilia. Championship rings? MVP trophies? His jersey from his final game as a Sixer? It’s a cool stash, but it’s also more than a little depressing.

London, Ontario, Jeweler Drives Customers Wild

Retail jewelers have come up with a lot of creative ways to show their top customers how much they appreciate their business. But Colin Nash, marketing director for Nash Jewellers, gets extra points for his race car and professional go-kart customer appreciation day. Nash was so enthralled with the experience, the one-day event has lead to a professional go-kart racing series sponsorship for the London, Ontario, jeweler.

It all started earlier this year when Nash was helping a couple with their engagement ring and wedding band purchases. Early on in the sales presentation, Nash discovered that Jonathan Urlin travels throughout North America test-driving Porsche race cars and owns his own company, Urlin Motorsports.

One of the main services Urlin’s company offers is Track Days, which gives companies the opportunity to hold team-building or customer appreciation events on race tracks driving Porsche race cars and professional go-karts. In August, Nash held his first such customer appreciation event.

The racing day consisted of driving several different Porsche race cars, such as a 911 C4S Cabriolet, from a raceway near a local airport to Urlin’s racetrack. Upon arrival, Nash Jeweller customers could also have the chance to drive a professional go kart that can reach speeds of 60 mph.

“Customers loved it and were literally blown away,” says Nash.

 Customers Derek Hardman, John McColl, and Jeff McColl enjoyed a go kart ride

Customers Derek Hardman, John McColl, and Jeff McColl enjoyed a go-kart ride 

Nash liked the customer appreciation outing so much, that when Urlin approached him with a racing series sponsorship proposal shortly after it, he jumped at the opportunity. For annual sponsorship fee of $5,000, Nash can have access to the go-kart racing fleet of 10 twice a month.

The sponsorship also gives Nash a heavily promoted go kart to compete in the go kart racing series. Like most racing sports, Nash Jewellers’ logo, and those of the store’s strategic vendor partners, is visible on every conceivable surface of the go-kart.

Nash Jewellers go kart

Nash Jewellers’ go kart.

At this stage, Nash’s professional go-kart sponsorship marketing is in its infancy as Urlin is tirelessly working to get the sport some much-needed traction in Southern Canada.

Until then, Nash has continued access to professional go-karts, which are now a customer appreciation day staple for Nash Jewellers.

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/roa_3oFRFoc/london-ontario-jeweler-drives-customers-wild

Editor’s Cut: It’s All Relative

Jeffrey, Ben, and Kayli Roseman shared a lot of information about themselves and their family business. Here are some quotes that didn’t quite fit on a single page in the September 2011 issue of JCK magazine.

Jeffrey Roseman, 52

President and owner, third generation

David Harvey Jewelers

Norwalk, Conn.

Ben Roseman, 28

Vice President, fourth generation

David Harvey Jewelers

Darien, Conn.

Kayli Roseman, 28

Store manager, fourth generation

David Harvey Jewelers

Darien, Conn.

 

Roseman family

My favorite thing

Jeffrey: When I retire I’ll miss selling the most. I love being on the sales floor, interacting with customers, and giving them good jewelry value for the money. Since Ben and Kayli joined the business, we all know each other’s strengths, with me on the sales floor being in front end of the business, with Ben good at back office management, and Kayli going from an accounting role to being the company’s CFO. The success of our business is yielding to each other’s strengths.

Ben: I’m more of a back office guy. I’m on the sales floor when I need to be, but I’d rather be in the back office doing the buying and the merchandising. I’m also a self-taught advertising and IT guy, which are other key responsibilities where I shine off the sales floor. I’m greatly involved with accounts payable. It’s less glamorous, but there’s more of challenge, especially with the negotiating. I’m good at sales, but like it better when I see good plans and good planning come together.

Kayli: Right now I’ve stepped back slightly from my family role in the business to raise a family – right now that’s our son Zachary, who may one day be the fifth generation of family jewelers. I’m juggling work with family and have settled in to my bookkeeping role, but take on other roles that provide me with challenges such as ad campaigns and human resources. I’m very much engaged with the family business, so I can share ideas with Ben at home. It’s interesting to watch ideas talked about at home come to fruition at work.

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/XuTdsTEILiA/editor-s-cut-it-s-all-relative

Silver Promotion Service Hires Ad Agency

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The Silver Promotion Service, a division of the Silver Institute, announced on Sept. 14 that it had appointed Della Femina Rothschild Jeary Partners as its new advertising agency.

The agency will try to brand anything 25 as a “silver event,” whether it’s a 25th anniversary, 25th birthday, or 25th reunion.

In a statement, SPS director Michael C. Barlerin noted he had worked with Jerry Della Famina at the World Gold Council and “couldn’t be happier about the opportunity to be working with Jerry again.”

Added Della Famina: “I so believe in the value of silver that on behalf of the agency, I have asked for our fee to be paid in silver.”

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/U0tCLD-3f3k/silver-promotion-service-hires-ad-agency

Former California Jewelers Association Director Westover Dies

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Former California Jewelers Association executive director Robert B. Westover died in his sleep on Sept. 8, the group announced. He was 88.

Westover was hired as executive director of the California Retail Jewelers Association in 1965 and was elected executive vice president in 1973, when CRJA changed its name to CJA. Westover retired in 1989 after 24 years with CJA. In May 1997, Pat O’Rourke, then-CJA executive director, suffered a stroke, and Westover returned to the CJA as interim Executive Director in her absence. 

The CJA established the prestigious Robert B. Westover GIA Scholarship in 1998, which is awarded annually. That same year, CJA created the Robert B. Westover Distinguished Service Award for an individual who has made outstanding contributions to the jewelry industry.     

Westover is survived by his wife, Helen Westover; his niece, Nancy K. Austin; and his nephew, Chris Westover. Burial at Forest Lawn Cemetery will be private. The family has requested that, in lieu of flowers, donations be made to the California Jewelers Association’s Robert B. Westover Scholarship Fund.

 

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/wuxas2tqeFw/former-california-jewelers-association-director-westover-dies

Cartier, Van Cleef Win $37 Million Counterfeit Judgment

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On Sept. 2, Richemont subsidiaries Cartier and Van Cleef Arpels won a $37.4 million default judgment against New York manufacturer Concept Designs Unlimited for allegedly producing counterfeit watches bearing the names of those brands.

According to the judgment, issued by the United States District Court, Central District of New Jersey, Concept Designs never answered an amended complaint filed in May 2011 by Richemont, which charged the company with trademark infringement, counterfeiting, unfair competition, and false advertising.

In an answer to the original complaints, filed in March 2010, Zura Kazhiloti, described by Richemont as CDU’s “sole owner,” denied the charges and invoked his rights against self-incrimination. 

The judgment calls for CDU to pay Cartier and Van Cleef $37 million in statutory damages, as well as reasonable attorney’s fees and costs. The company was also ordered to recall any products that bear the contested marks. 

Kazhiloti’s attorney declined comment, except to note the judgment was not against Kazhiloti. 

The original complaint also targeted Daniel Markus Jewelers, based in Newark, N.J. Richemont charges the jeweler with selling counterfeits over its website and on eBay. 

While not admitting the company sold any counterfeits, Daniel Markus alleges in a cross-claim that Concept Designs made “false, intentional, and material misrepresentations” about the authenticity of its products.

On Sept. 9, Richemont subsidiary Panerai also won a consent judgment against 47th Street retailer Jem Watch, which it alleged sold used and damaged Panerai watches as new.

The judgment, issued by the U.S. District Court, Central District of New York, calls for Jem Watch to pay Richemont $15,000, and says that, if the company continues to sell Richemont products, it must include signage that it is not an authorized dealer of those watches.

Jem’s lawyer did not return a request for comment.

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/k-4eh_7fJaQ/cartier-van-cleef-win-37-million-counterfeit-judgment

Jewelry Crime Blotter Week of Sept. 16

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CommentsJewelry Crime Blotter Week of Sept. 16

A man is arrested after trying to claim his own reward money, and other crime stories with related tips:

- The Jewelers’ Security Alliance noted on its website that there has been an increase in so-called “gypsy” distraction thefts, such as the one that occurred in Natick, Mass., that was included in the Sept. 9 Crime Blotter. According to the JSA, one group may have robbed jewelers in Maryland, Missouri, Texas, and New York.

The organization asks anyone with information about these thefts to contact FBI Special Agent Dan McCaffrey, Daniel.mccaffrey@ic.fbi.gov.

- A man was arrested after he allegedly robbed a Sharon, Pa., jewelry store and then tried to claim a reward for helping solve the case, a TV station reported.

Emile Pratt is suspected of robbing The Gold Mine on the morning of Aug. 31, smashing its display case, and grabbing up to $15,000 in jewelry. 

The store owner said the man allegedly “wanted to be the good Samaritan to throw police off track and then try to double dip to try and get a possible reward too.”

The police reportedly charged Pratt and his wife after they say the couple tried to sell the stolen jewelry at local pawn shops. 

The JSA notes that if robbers see jewelry in display cases, they will be tempted to take it. It recommends retailers never leave jewelry out and visible overnight. In addition, do not cover your cases; this gives the impression something valuable is inside. 

JCK covered how jewelers can prevent burglaries in May 2005. 

- A man is suspected of trying to buy a $23,000 Rolex from Betteridge Jewelers in Greenwich, Conn., on Sept. 10 using fraudulent credit cards, according to a local news source.

The man, identified in the report as Emeli Kwasi Attipoe, allegedly used a card that would not process. A further investigation revealed inadequacies in the security holograms on the cards, and numbers on the front of the cards verified they were fake. 

Attipoe was reportedly charged with three counts, including unlawful reproduction of a credit card.

In the Manual of Jewelry Security, the Jewelers Security Alliance recommends cards be checked for all the factors contained in advisories from your credit card company. In addition, examine each card to find obvious forgeries. Things to look for include warping, bubbling, alterations, and other imperfections.

- A man was arrested in the robbery of Willie’s Jewelry Repair in Fayetteville, N.C., a newspaper reported.

Brandon Kyler, 19, has been charged with robbery with a dangerous weapon and other counts, the report said. 

On Sept. 6, robbers burst into the store, and made store employees lie on the floor, while they emptied ring trays. The men were eventually captured on surveillance video outside the store.

Anyone with information should call Fayetteville police at 433-1856 or Fayetteville-Cumberland County CrimeStoppers at 483-TIPS (8477).

The JSA Manual says having good video security is an important part of every jeweler’s security plan. Systems should run 24 hours a day, seven days a week. Owners should conduct routine cleaning and maintenance recommended for the system.

It also notes that some jewelers have a video recorder concealed in a locked cabinet, hidden from criminals, in addition to a more camera conspicuously placed.

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/X2vFOl0NhpM/jewelry-crime-blotter-week-sept-16

De Beers Sights Moving to Botswana

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For decades, Diamond Trading Company sightholders have journeyed to De Beers’ stately headquarters on Charterhouse Street in London to get their goods.

No longer. In a historic announcement, De Beers said Sept. 16 that it would relocate its famed “sights” to Botswana, the largest producing country in the De Beers stable, by the end of 2013.

In addition, all other DTC functions, including sorting, valuation, and the company’s key account managers, will also be transplanted to Gaborone, the country’s capital.  

Some functions will remain in London, mainly the Forevermark team and corporate services, including the accounting and legal departments.

DTC managing director Varda Shine tells JCK says the move will impact some 120 to 150 employees, and the DTC is currently talking with its people about the transition. 

“Obviously there is a bit of surprise,” she says. “This is a huge shift. You can’t just take people and cut and paste them.”

She notes that the move will also involve some changes on Botswana’s part, as Gaborone currently may not have enough hotel space to accomodate all the sightholders who will now be visiting 10 times a year.

She adds that the DTC is in the process of securing space for its new headquarters. While there currently is an office for DTC Botswana, which is a joint venture between the DTC and Botswana government, this move will involve the overall DTC.

The shift is part of De Beers’ new 10-year sales contract with Botswana. The back-dated deal, which covers sorting, valuation, and sales, has as its start date Jan. 1 of this year. It is the longest contract ever between the two partners. 

The agreement is a “great milestone as far as we are concerned and as far as the industry is concerned,” Shine says. “We have secured 10 years of supply with the biggest producer in the world. It’s good news for sightholders as they will have peace of mind about the continuity of supply. It’s good news for the Bostwana government as they have great aspirations to become a leading hub.”

The agreement also calls for Botswana to market a sizable portion of its production outside the DTC. In 2011, Botswana will sell 10 percent of its production independently. That will rise to 15 percent over a five-year period.

Shine says she doesn’t know how this production will be marketed, but notes other producers have similar arrangements. 

De Beers’ contract with Botswana has been the subject of considerable speculation in recent months. It originally expired at the end of 2010. Then the negotiation period was extended to March 2011. Soon that deadline passed, even as De Beers frequently declared a new contract was “imminent.” 

Now, six months after the extended deadline, a new contract has finally appeared.

Shine says it shouldn’t be surprising that the negotiations “took time, especially when people understand what we’ve agreed to.”

In a statement, Botswana’s minerals, energy, and water resources minister Dr. Ponatshego Kedikilwe called the agreement “only a first step.” 

“Much work needs to be done during the next several years to make this transformation a success,” he said.

 

 

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/srT_t1Mk1AI/de-beers-sights-moving-to-botswana

Jewelry Designers Support Home for the Cure

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Developed in honor of Elizabeth Miller, the former senior vice president of textile design firm Mohawk Karastan, who lost her life to breast cancer in May 2010, the Elizabeth Miller Home for the Cure Web site is a place where advocates can learn about Miller and support her wishes: help find a cure by funding research.

Thanks to jewelry industry influencers including Todd Reed, Katey Brunini, Heather Moore, Honora, and Marcy Miller Jewelry, the Web site is also a place to Give Good, Get Good—a homespun concept from some of Miller’s industry friends that encourages people to donate. “Whether someone donates $5 or $5,000 through Home for the Cure, you get entered to win one of our fabulous prizes,” says Michelle Orman, president of Last Word Communications, which is helping to get the word out.

Anyone who donates through the Home for the Cure website is automatically entered into a raffle to win one of several prizes, including beautiful designer fine jewelry and luxury bedding. “Crossing industry lines to support the dream of such a fabulous woman brings such joy to our hearts,” says Elizabeth Bonanno of Elizabeth Anne Bonanno Consulting.

When Miller was diagnosed with inflammatory breast cancer, she began lecturing, raising awareness, and funds as well as supporting Susan G. Komen. Ever hopeful and committed to finding a cure, her teammates walked without her for the first time last year during the Susan G. Komen Race for the Cure in New York City, raising more than $40,000 in donations.

“This woman wore heels up until days before she passed away, she just did NOT give up!!” adds Orman. “She is the one who formed Home for the Cure, and now we want to carry on her mission by bringing together these two industries—home and jewelry—together.”

Check out the Elizabeth Miller Home for the Cure Web site to donate or see the Gallery of Prizes.

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/DXXBHs2oEVc/jewelry-designers-support-home-cure

AGTA Holds Board Elections

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The American Gem Trade Association (AGTA) on Sept. 14 announced the results of its 2012 Board of Directors elections. Newly-elected board members will begin their three-year terms at the AGTA Board of Directors Meeting at AGTA GemFair Tucson. 

The following were elected as directors:  John Bachman (John M. Bachman); Jeffrey Bilgore (Jeffrey Bilgore); Ruben Bindra (B B Fine Gem); Bruce Bridges (Bridges Tsavorite); Sampat Poddar (Byrex Gems); Kambiz Sabouri (Gem 2000); and Bear Williams (Bear Essentials). 

The following directors’ terms will continue through 2012: Robert Bentley (Robert Bentley Company); Peter Bazar (Imperial-Delta); Sushil Goyal (Liberty Gems); Betty Sue King (King’s Ransom); Bill Larson (Pala International); Glenn Lehrer (Lehrer Designs); Gerry Manning (Manning International); Niveet Nagpal (Omi Gems); Joe Orlando; Lois Wacholtz (Christopher’s Fine Jewelry Design); and Cynthia Renee Zava.       

The new Board members will be introduced at the AGTA Membership Meeting, which is open to all AGTA Members on Friday, Feb. 3, at the Tucson Convention Center.

The AGTA board of directors holds elections on a rotating cycle in order to guarantee coherence of the board’s long-term plans. 

Article source: http://feedproxy.google.com/~r/JCKNewsFeed/~3/njjDDmcvKVY/agta-holds-board-elections

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