Day: March 26, 2009

AGS Metals and Palloys open in Brisbane

The Palloys AGS Metals Palloys Group has opened a new facility in Brisbane to service the growing Queensland manufacturing jeweller market.
Posted in Local News, News
The Palloys AGS Metals Group has opened a new facility in Brisbane to service the growing Queensland manufacturing jeweller market.
According to Palloys AGS Metals Group managing director Andrew Cochineas, the new office stocks a comprehensive range of fine and alloyed precious metals in granulated and fabricated form as well as solder and plating solutions.
The office also stocks AGS Metals wedding rings in fully and semi-finished form – the semi-finished range is unpolished and unstamped except for caratage enabling manufacturing jewellers to incorporate their own brand logo and alter shank styles to fit their custom designs.
“We have seen consistent growth in demand in the Queensland and Northern NSW market and the opening of this office reflects the importance of that market,” said Cochineas.
“AGS Metals and Palloys are there to support the jewellery and allied trades and have staffed the new facility with some of the most well known and highly regarded faces in the industry to make sure that our Queensland clients get great product supported by the best technical advice.To that end, Libby Pemberton has been appointed office manager Queensland Division and Peter Beskin-Clark has been appointed account manager Queensland Division.”
Cochineas said the new office would also provide a convenient drop-off point for the Palloys custom casting service.
“Palloys casts in over 24 proprietary alloys – every day.  Casts are returned by overnight courier to clients’ offices or can be collected conveniently at any AGS Metals or Palloys outlet Australia-wide.
“We also have the largest CAD/CAM Department in Australia and now our Queensland customers can pick up their finished CAD jobs in their home state.”
The new office is located at Level 15, 141 Queen Street Brisbane.
For more information visit http://www.agsmetals.com.au or http://www.palloys.com.au or telephone 1300 883 061.

Bulgari loses profits and CFO

Just days after announcing a 45 percent drop in its annual profit in 2008, The Bulgari Group has announced the resignation of its chief financial…
Posted in News, World News
Just days after announcing a 45 percent drop in its annual profit in 2008, The Bulgari Group has announced the resignation of its chief financial officer.
On March 11 the company reported that its net profit fell 45.1 percent from 150.9 Euro in the 2007 calendar year to 82.9 million Euro in 2008.
“The result has been significantly affected by the losses generated by hedging transactions on exchange rates which led to a negative result of 14.9 million Euro in the last quarter and of 4.7 million Euro in the full year,” said the company.
The company also reported that its consolidated turnover fell 0.9 percent in the same period from 1091.0 million Euro to 1075.4 million Euro.
“Due to the worsened macroeconomic conditions, which became very difficult in the fourth quarter of the year, all product categories, with the exception of perfumes registered a sales decrease – jewellery fell by 1.5 percent and watches and accessories by 10.9 percent and 4.1 percent respectively.”
Bulgari Group chief executive officer Francesco Trapani said “the drastic and sudden sales shortage” that occurred in the last quarter of 2008 due to the global economic crisis has “very negatively affected the full year results”.
“2009 will be a very difficult year as well and our commitment will be focussed – in addition to new product launches in all product categories – on managing the cost base even more rigorously to make the Group more and more efficient.”
On March 16 the Bulgari Group announced that Alberto Nathansohn, its CFO since May 2006, will leave his position at the end of this month “to seize new professional opportunities”.
In addition the company said it has undertaken an internal reorganisation of its top management as a cost-cutting measure due to “the difficult macroeconomic environment”.

JCK Show cancelled

The 2009 edition of the JCK New Delhi Show has been cancelled due to the “effect of the global economic downturn on the domestic jewellery…
Posted in News, World News
The 2009 edition of the JCK New Delhi Show has been cancelled due to the “effect of the global economic downturn on the domestic jewellery market in India”.
Announcing the cancellation, Reed Exhibitions said the decision has been made in “the best interests of exhibitors and visitors”.
The show was due to be held at Pragati Maidan in New Delhi from June 27 to June 30.
According to Reed, an announcement regarding the 2010 event will be made in due course.
Reed Exhibitions India marketing manager Rajeev Chawla said the company “might have the show again in 2010” if market conditions improve.
According to JCK Online, the decision follows a March 8 report in an Indian publication that Reed Infomedia India Ltd, the joint-venture between Infomedia 18 Ltd and Reed Business Information, has ceased operations.
However Chawla said he could not comment on the allegation as “Reed Infomedia is a completely different business entity”.

Hagemeyer GM sets up Time Essentials

Following Hagemeyer Brands Australia decision to exit its ‘lifestyles’ business, Hagemeyer Lifestyle Brands general manager John Papaioannou has decided to continue selling the company’s Bulova,…
Posted in Local News, News
Following Hagemeyer Brands Australia decision to exit its ‘lifestyles’ business, Hagemeyer Lifestyle Brands general manager John Papaioannou has decided to continue selling the company’s Bulova, Jag, Fiorelli and Police watch and jewellery collections through his new company, Time Essentials Pty Ltd.
Announcing his decision to set up Time Essentials, Papaioannou said he was excited to be starting out in the new venture “after six years as general manager of HLB and four years as general manager of TAG Heuer Australia”.
“I wish to assure all of our valued customers that Time Essentials is looking forward to continuing the strong relationships we have had with them at HLB,” he said.
He added that many of the same people who provided “excellent service as employees of HLB” have transferred to Time Essentials.
Hagemeyer Brands Australia CEO Michael Touma said he was pleased that Papaioannou was taking on the company’s watch agencies.
“John has the support of the brand licensors, has a very good understanding and track record in this category and many of his existing watches team will be employed with his business,” he said.
Time Essentials will officially open for business on Monday, April 27 at 13/828 High Street, Kew East, Victoria.
The company’s 12 staff, all former Hagemeyer Brands employees, include Colin Kahn as Bulova and Police brand manager, Florence Kwok as Jag and Fiorelli brand manager,  Jackie Elsey as trade marketing assistant and Sue Latter as a customer service officer as well as seven sales representatives and one agent.
For more information contact John Papaioannou at johnp@time-essentials.com.au or phone

1800 303 209.

Indian jewellery stolen in Melbourne

Melbourne police are on the look out for thieves who recently stole a large collection of Indian jewellery believed to be valued up to $1…
Posted in Local News, News
Melbourne police are on the look out for thieves who recently stole a large collection of Indian jewellery believed to be valued up to $1 million from a private residence in Malvern East.
The missing collection includes the pictured selection of mostly 22 carat gold items.
The other missing items are all made from 22 carat yellow gold and include a large white sapphire pendant, an antique pendant inlaid with diamonds and rubies, a ruby bangle, a pair of peacock shaped earrings, a ring with a missing pearl, a ring inlaid with imitation diamonds and a ruby-like stone, and a three-strand necklace featuring tiny pearls and black stones.
Detective Senior Constable Gareth Howells said that although the jewellery was not insured and hasn’t been valued by a professional, the victims believe it could be worth up to $1 million as some of the items date back to around 1820.
He said police had a “person of interest” but no evidence to lay charges.
If you have any information on the missing items please contact Detective Senior Constable Gareth Howells on (03) 9520 5216 or email gareth.l.howells@police.vic.gov.au quoting event number 090022512.

DCLA resigns from JAA

After eight years membership, the Diamond Certification Laboratory of Australia (DCLA) has resigned from the Jewellers Association of Australia.
Posted in Local News, News

After eight years membership, the Diamond Certification Laboratory of Australia (DCLA) has resigned from the Jewellers Association of Australia.

Announcing the company’s decision, DCLA has stated that the company could “no longer see any benefit to being a member of the JAA”.
“The DCLA is a world class laboratory grading to International Diamond Council and CIBJO standards. The directors are members of diamond bourses affiliated to the World Federation of Diamond Bourses and are proud holders of the WFDB mark.”
DCLA concluded their statement by saying that “the credibility and trust that the DCLA has built over the years with consumers will be enhanced by the future plans of the laboratory, the focus being on the consumer.”
In response to DCLA’s resignation, Jewellers Association of Australia CEO Ian Hadassin said: “We don’t like to lose any members but DCLA have obviously made their decision and have their reasons. We wish them luck for the future.”
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