Message From the Board of Directors
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REMINDER- Membership Dues Deadline is Next Week
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During this time of crisis, we acknowledge the difficulties that our members are experiencing, for that reason the Board of Directors have agreed to apply a
discount of 20%
to membership renewal for the 2020-2021 period.
Offer valid till July 31, 2020.
Due to the time restraint we encourage you to
renew your 2020-2021 membership immediately
Please pay your yearly dues
(April 2020- March 2021)
of
$520.00 by next week July 31, 2020
in order to get the discounted rate and to avoid the late penalty fees.
If you have already paid your full yearly dues($650), ‘$130’ over payment will be applied to your 2021-2022 membership
.
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Friends and Family Membership Special
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For a limited time only, we are having a
A 25% discount off the current regular rate
of $1,000.00 until July 31st.
New Full membership fee $750.00
Prospective members must submit their application
by
July 31, 2020
to avail the promotion.
Now more than ever are the benefits of club membership evident.
There has never been a better time to have a ‘friend’ in your corner
Here are just a few benefits that you can enjoy by taking on membership.
- Free weekly shipping to GIA via Malca-Amit
- Discount on your insurance via Jewelers Mutual
- Weekly updates related to the industry
- Strategic Advertising for your customers
- Trading sessions with members and outside groups
- A long list of members with whom you can start a business relationship
- Mediation and Arbitration services
- Monthly lunches (once the COVID-19 issue subsides)
- Access to new trading platform "Get-Diamonds"
And much, much more
We urge each and every one of our members to share with a friend the
importance of DCWC membership.
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Delinquent list committee forms a new procedure
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Dear Members,
This letter is to inform you that the Floor and Delinquent List Committee met virtually on Wednesday, July 15, 2020 and have decided to merge committees.
They will be referred to as THE FLOOR & DELINQUENT LIST COMMITTEE.
The purpose of the Delinquent List is to inform members of individuals/businesses who haven’t been keeping up with their payment/terms and obligations.
The committee wants to remind our members that they are currently compiling a new Delinquent list. The new list will soon be available on our website.
The procedure is as follow:
- The creditor brings a written report with proper documentation(invoices, memos, etc) to the Club after they have exhausted all other options of coming to a resolution with a debtor.
- The complaint is reviewed by the committee and a certified letter is sent to the debtor, who is expected to reply in a timely manner.
- If the debtor chooses not to reply or mediate/ arbitrate the claim after a certain period, he / she will get added to the Delinquent List which will get shared with membership.
- Once the debtor is on the list, it is the creditor's responsibility to continue to update the Club of any changes.
For additional information, please contact the Club.
Thank You!
Sincerely,
-Floor and Delinquent Committee
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Webinar Sponsored by Jewelers Mutual
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Anti-Money Laundering 101: A JVC Explainer
of All Things AML
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In partnership with Jewelers Mutual Group, JVC has recently released JewelPAC™, a new online software solution for Anti-Money Laundering (AML) compliance. But what is AML, and who is required to comply? How can businesses ensure that they are designing an AML program that appropriately follows the rules and protects their supply chain? Tiffany Stevens, President & CEO and Sara Yood, Senior Counsel, will explain where the AML regulations originate, how to comply, and why JewelPAC™ is the timely solution for jewelry business AML compliance.
To learn more about the JewelPAC™ program and to purchase it,
click
here
.
Thursday, July 23, 2 p.m. EDT
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Diamond Club Promotes Jewelry Sales
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Diamond Club would like to offer these
three strategically designed advertisements campaigns
at
no charge to you
to
be shared on your website, Facebook, Instagram, etc. We want to steer more dollars into the Jewelry Industry via our customers and customer's customers.
Let us be the catalyst for success in the Jewelry Industry during this time and spread the message:
- Post Quarantine = Buy Jewelry!
- Share them with all of your clients - wholesale and retail
- Don't be shy, SHARE SHARE SHARE!
- Add your business logo to the ads
Instructions on how to Share these Ads:
- Click below to download the high resolution pictures.
- Select the picture(s) you like and save it on your computer / phone.
- Share the saved picture(s) in your emails and social media channels to spread the message.
- You can also share these advertisements on your story or wall by sharing it from Diamond Club's Social Media Platform(Instagram or Facebook)
- Don’t Forget to Like and Follow our New Facebook Page as we prepare for more exciting news there.
If you wish to add your logo before sharing it with your customers,
please contact DCWC's graphic designer,
RJ of MulTriMedia at 213-590-7101
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To download a high resolution copy to share on your
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The Time Has Come for Governments to Step Up
The coronavirus pandemic has wreaked havoc on the health, social fabric and economies of the world.
The disastrous effects of the virus on our health and welfare are matched by its destruction of our
livelihoods and economic security. It seems that all branches of the economy are affected; for some the crisis may be a direct hit from which they may never recover.
Governments the world over are struggling with these issues – how to keep their populations safe from the
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Get-Diamonds New Contact Feature
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Get Diamonds is constantly updating and improving client interface. The platform has now introduced a new contact feature that enables users to access suppliers easily and quickly. Now, by pressing “Contact Supplier” on any diamond page, users will be presented with multiple ways to immediately access suppliers.
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We have a beautiful office on 21st floor NORTH WEST corner app 2200 square feet With sweeping views of Pershing Square & Westside in 606 S Olive Buildig. All rooms nicely built up. Looking to sublease between 800-1200 square feet.
If interested, Please call
Rajiv at 213-321-8760.
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Overheard by Wall Street Journal
-Shared by Eli Fish
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Demand for jewelry like engagement rings dropped because of Covid-19, but the situation for sellers of rough diamonds is far, far worse
Diamonds are in the rough.
It is well known that jewelry sales have taken a hit due to the coronavirus crisis. Signet, which owns Jared, “The Galleria of Jewelry,” said sales were down by 40.5% in the quarter ended May 2. With shops closed and weddings postponed, retail sales of diamonds, the bread and butter of any American jewelry store, weren’t going to look good.
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Must have Summer Accessory of 2020
#WearAMask
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Hesam ( Henry) Tousi Attarzadeh
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Letter to the Editor- My Turn
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I feel compelled to pen a few words about the raging controversy on the subject of wearing a mask during this pandemic.
To wear a mask or not to wear one is dividing our community.
In our trade, I see three types of audiences:
- One who happily wears a mask.
- One who wears a mask but complains constantly and
- The one who does not wear one at all in the name of personal freedom.
Actually this unfortunate battle is between two perennial enemies - evolving science vs. resistance to change in the name of personal freedom and maintaining status quo.
Some of us have even politicized this issue by calling each other with choice derogatory phrases. A person who wears a mask is called a liberal, socialist, and a fear monger while a non - mask wearer is referred to as stupid, reckless, or an idiot.
Not to be outdone many politicians have taken sides on this issue. They became
vox populi
for their base. At this point well documented science became a sacrificial lamb in favor of voter appeasement.
We must understand that science is neither a friend nor a foe. It merely explains facts based on observation of natural phenomenon. Scientific evaluations are derived from factual relationships and not on hearsay.
Based on science we know masks play an important role in slowing the spread of the Corona virus. Wearing a mask is a prudent practice, albeit an uncomfortable one.
We wear masks during the common cold and cough to prevent infection to others, then why such a hue and cry? Why should I wear a mask which is so inconvenient and uncomfortable? Logic is simple it
MAY
prevent others from getting infected from me and vice - versa. I would rather err on the side of caution then to be cavalier about it. Not putting on a mask may put someone in harm's way, even if I'm asymptomatic, I'm not willing to take that chance.
In this game of COVID poker, a "possible prevention" always beats "in harm's way."
-Mask Wearer
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Wear it or Pay it
Cities enforcing a citation to anti maskers:
Calabasas, Manhattan Beach
,
West Hollywood
,
Santa Monica
, and
Beverly Hills
.
Read More
Deadline Fast Approaching for Disaster Assistance Loans for Small Business Owners in LA County Affected by Civil Unrest
Only one month remains for Los Angeles County business owners to apply for a disaster recovery loan from the U.S. Small Business Administration (SBA) if their business suffered physical or property damage due to the civil unrest incidents that began on
May 26, 2020. Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair
Read More
$600 unemployment bonus is set to run out in days as Congress rushes to negotiate next COVID-19 bill
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