Message From the Election Committee
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Congratulations to the newly elected Board of Directors
and the Control Committee.
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Sean Gamliel of
SG Diamonds
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Ruth Raviv of
Ruth Design
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Lisa Kim Wiener of
Worldwide Diamonds
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Raymond Gould of
Raymond Gould
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Nikhil Jhaveri of
Jhaveri Diamonds
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Message From the Board of Directors
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Dear Members,
We miss you all and are working hard to re-open the club as soon as possible. Our priority is
your
safety and health.
We want to ensure that before the club is re-opened, all city guidelines are adhered to. The Board of Directors/ Resident Committee is currently meeting to discuss the various requirements necessary to have a safe environment and will keep members updated.
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Changes in Free Shipping to GIA via Malca- Amit
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Dear DCWC Members,
Malca-Amit in partnership with the DCWC, is pleased to announce the resumption of our courtesy shuttle to the GIA in Carlsbad. Shipments that meet the standard shuttle criteria and tendered to Malca-Amit by
Wednesdays before 3 PM
, will be complimentary inclusive of a liability value up to $100,000.00.
We are all optimistic about the coming months and hope this service will bring some added value to our local industry.
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As Bourses Begin to Open, Online Trading Will Clearly Dominate the Way Forward
There have been many unprecedented changes in our lives and our businesses over the last several weeks, as the world was brought to a standstill by the novel coronavirus pandemic. Some....
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DCWC President appointed
Board of Director for the New WFDB Diamond Trading Platform
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The World Federation of Diamond Bourses has assembled a board of directors for
Get Diamonds, the online diamond trading platform launched in response to the row over RapNet.
The board will be comprised of 12 members: five representatives from major diamond bourses, five dealers from various countries and two public representatives who are not diamond dealers.
Those appointed to positions so far are as follows.
- Yoram Dvash, acting president of WFDB, ISDE president
- Anoop Mehta, president of Bharat Diamond Bourse
- Moshe Salem, president of Diamond Club West Coast in L.A.
- Philippe Barsamian, president of the Federation of Belgian Diamond Bourses
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Join us next week as our President Moshe Salem shares the inside scoop about
Get Diamonds and h
ow it is turning into the amazing tool to sell Diamonds designed
By the Industry, For the Industry.
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An Eye on the Jewelry District
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On Monday morning, many jewelers and business owners re-opened their booths in hopes of reviving their businesses. Access to the plazas were limited to few entry ways in attempt to stay within city reopening guidelines. However, later in the day, those same plazas were shut down by the health dept due to overcrowding.
While there is much uncertainty among jewelers on what is allowed, one thing is certain, everyone is eager to get back to work.
Other buildings have opened their doors to their tenants, with clear health guidelines, to ensure the safety of tenants and building staff.
- The IJC building has requested tenants to leave their Trash outside their office for the Janitorial stuff to pick up to limit interaction.
- The St. Vincent Plaza is providing tenants with face shields in an effort to protect them and their customers.
Rent has been a large discussion of tenants due to the economic hardships caused by COVID-19. The following buildings have offered concessions:
- The St. Vincent Building: Offered their tenants 50% off for April & May
- 625 Building: 50% off for Rent for April (May unknown)
- 635 Building: 50% off for Rent for April (May unknown)
- 607& 606 Building: 20% off for April & May
As the industry comes back to work, businesses are scrambling to get their receivables and payables current. A two month closure has and is affecting people's ability to pay their bills. This is likely to have a major impact on credit in the industry and will prove to be another strain on our already difficult situation.
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Five GIA Labs Resume Operations
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The Gemological Institute of America (GIA) has reopened laboratories in five locations following COVID-19 shutdowns.
The organization’s labs in Johannesburg and Tokyo recommenced limited operations on May 7, the GIA said Monday. Visitors to the Johannesburg lab must make an appointment, have a permit, and
Read More
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IJC Security Officer Teresa and Officer Moore
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This week’s thankful Tuesday we are featuring the Security guards of the 550 Building. During this quarantine time protecting the building 24/7 has not been an easy feat. One guard mentioned that their biggest struggle was keeping the building safe and clean and handling some upset and disgruntled tenants.
“Many homeless people tried to enter through the parking lot and they were able to take action to make sure they left the premises right away. Within the last two weeks, they have seen at least 500 tenants in and out of the building. To ensure safety of all, new measures were taken. Logging in each and every tenant entering the building and checking the ID of unfamiliar faces. While most tenants were understanding, some became aggressive, especially if their customers came with them. We thank the management for reaching out and informing tenants that this is part of their job and it's for everyone's safety.”
We ask our members to get to know their local heroes and to
share a tribute
with the club members.
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JOIN WJA LA FOR
WELLNESS WEDNESDAY
Wednesday, May 20, 2020 at 10 am
Special Guests
Jeena Nagpal will lead a 60-minute Yoga & Meditation class designed exclusively for WJA Members
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You're Invited to a GIA Knowledge Session! An Exclusive View of the Jade Auction
Thursday, May 21, 2020 at 10 am
Jadeite has long been treasured by those in Greater China. Because of its popularity among the affluent Chinese, its auction price can rival that of the Big 3 — ruby, emerald and sapphire. What is jadeite’s enduring appeal and what factors determine this stone’s value? Journey with Dr. Tao Hsu, geologist and director of global professional development for GIA education, as she explores a jadeite auction at the exclusive Myanma Gems Emporium in Myanmar — the country that produces over 90% of the world’s jadeite. Pick up insider tips and knowledge along the way!
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Join us virtually for three days of impactful presentations and discussion that look to the future of the jewelry retail marketplace.
May 26, 2020 to May 28, 2020
Jewelers of America's Virtual National Convention unites Jewelers of America members for three days of impactful presentations and discussion that look to the future of the jewelry retail marketplace.
With information you can’t get anywhere else, and access to the leading minds and brands shaping the future of retail, it’s a must-attend event for Jewelers of America members.
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Guess the Face Behind the Mask
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Share your picture for future publication
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Latest News From Around the World
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