Company Name, here's your latest Diamond Club News!!

June 25, 2019

Vol. 2- Ed.25

Advertise in this space/ Prime Location: Call Radhika : 213.623.1162

Message from the Board of Directors

Message From Our President

Dear Members,

I just finished a very extensive and productive meeting of the Executive Committee of WFDB. The meeting was conducted in Israel, our host

Yoram Dvash President of Israeli Diamond Exchange provided great hospitality. Martin Rapaport (who was invited as a guest) provided great insight about the state of the industry and many important topics were discussed. Perhaps the most important decision (and message) that came out of the meeting is that the WFDB (and Rapaport organization) believe that currently, the consumer is ill-informed about the synthetic diamonds lack of value and unjustified prices, especially vs natural diamond who historically not only retained value but often times increased in value. It is incumbent upon us to correct the situation and make sure that the consumer will be well informed.

Regards,

Moshe Salem

Safety Message From Our Secretary

Here are some notes from Thursday’s CPAB meeting:

The biggest challenge in crime currently handled at the LAPD central is theft and robberies. Most of it occurs between 3rd and 8th, Figueroa to Spring (Jewelry District in the middle).

Reminders:

Be alert. Don’t walk around with your head down on your smartphone.
Guard your things. Don’t leave personal property unattended.
Hide your things. Don’t leave items visible in parked cars.

I am representing DCWC in the crime reduction committee. If anyone is interested in participating, please contact our Secretary, Vatche Shirikjian

at 213-445-7888

Wednesday Morning Mingle

There will be NO Wednesday Morning Mingle Tomorrow

due to luncheon on Thursday.

Join us for our Next Mingle on July 10, 2019.

Upcoming DCWC Events

Open Mic Luncheon

This Thursday, June 27, 2019 at 12 pm

Now is YOUR opportunity to voice your

comments, concerns, compliments and complaints (4 C’s).

Those who request a spot to speak please call the club at 213.623.1162 by Tomorrow Afternoon, June 26, 2019

to be given priority.

Others may be given an opportunity to speak as time permits.

See you on Thursday at 12 pm!!

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Advertise in this space/ Center Location: Call Radhika : 213.623.1162

Member of the Week

Arthur Gordon is a third generation jeweler. His grandfather Samuel Gordon moved from Lithuania to New York where he met his grandmother and decided to settle in Oklahoma and start Samuel Gordon Jewelers in 1904.

He studied at SMU in Dallas, Texas where he graduated with a Business degree focused on Real Estate and Finance. During college and for a few years thereafter, he worked as a commercial real estate agent.

He later purchased his dad’s jewelry business and was eventually able to get the rights to his grandfather’s namesake company, “Samuel Gordon Jewelers & Diamond Merchants” which is under his company Phoenix Industries LLC with the trade name “ Jewel Smiths. ”

In addition to being an entrepreneur, he is also a writer and has written a book called “ Comprehensive guide to jewelry repairs ” which he

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Hong Kong Jewellery & Gem Fair Show Highlight

"Well, I heard China's economy has been going down slightly due to Tariffs imposed from the US. High ticket items/signed pieces were not favorable this time. I heard the diamond section tanked. I didn't get a chance to really walk around! But lots of traffic!! Lots of traffic. If you were there to sell, you sold...my section rocked! With CVD in the picture, the Chinese and Hongkongers are appreciated antique/vintage jewelry/art/old diamonds."

-- L.W.

Letter to the Editor

Dear Editor,

It has been a wonderful experience being a member of the DCWC for the last 4-5 years.

Our organization has grown its membership roll quite significantly along with a considerable expansion in pertinent activities and services for its members.

In brief, we have matured and the time has come to set a cadre of few members, independent of the Executive Committee and BOD, to perform a cost-benefit analysis of all major DCWC activities and expenses. This analysis should be on a periodic basis and its report should be given to the Executive Committee and BOD and be made available for every member.

This inquiry has many benefits:

Re-validation of existing activities.
Possible removal of activities that are obsolete and of little interest.
Evaluation of expenditures and possible alternatives.
The possible outcome of new ideas and activities to further enhance the membership experience.

My letter to the editor is drafted in the hope of a meaningful dialogue between members.

Views in favor of or not in concurrence with this suggestion will hopefully give birth to new activities and services.

If such a function exists, then please disregard my opinion.

-Sanat Shah

Notification From Other Bourses

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