Message From the President - Moshe Salem |
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Your DCWC Board has always been very responsible and careful with managing the club's funds. From previous Boards to our current, we are very thankful for all the hard work they contribute to taking care of our finances. After serious thoughts and discussions, the board concluded that the best usage of these funds should be the following:
- Approximately 40% will remain in our Bank account for normal operations as well as an emergency fund.
- Approximately 30% will invested in expanding and remodeling our club as well as adding equipment to our technology center.
- The final 30% will be invested in order to grow our funds at a higher rate than inflation.
An investment committee (Moshe Salem, Nikhil Jhaveri, Rahul Parikh, Sean Gamliel, and Ran Warcel) was formed to research our options, and per their recommendations, the Board voted to invest in a very conservative ETF fund. The fund tracks the S&P 500 to give us a very safe method of diversifying our investment. The funds will be invested monthly over a 24 months period to minimize our risk and allow us to stay as conservative as possible.
We encourage our members to share their thoughts on this and/or any other investment plans, for the benefit of DCWC.
Happy Thanksgiving, and hopefully a great season for all!
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Message From the Board of Directors |
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Message From the Civic Committee
Beware of the Crimes Around You
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DCWC enjoys an enduring relationship with LAPD Central spanning over 30 years. David Marcus paved the way when he was nominated to the CPAB (Community Police Advisory Board) in the late 1980's.
Each CPAB member represents a district within Downtown LA. In 2018, David asked me to assist him and help elevate our visibility as DCWC (and our needs) was growing.
Once a month the CPAB meets with the Captain and all the Senior Lead Officers for a general crime update, update by district, updates on committees, and allow the Board representatives to voice their questions and concerns about their related districts.
There are four committees within the CPAB:
- Homelessness,
- Crime Prevention,
- Hospitality, and
- Outreach.
I work closely with the Chairperson of the Crime Prevention Committee as an unofficial co-chair, and have been on the front lines in developing two campaigns directly with the Captain and his co-chair. The majority of the crime in Downtown, LA Central is comprised of car break-ins (BFMV) and unattended property theft, and crime occurring due to a lack of attention. The primary focus of the committee is raising awareness when walking around and ensuring personal property is protected.
From the Captain, to the Sergeants, to all the Senior Lead Officers, LAPD Central leadership is very well aware of the security needs and issues of DCWC members. Although the City leadership has challenged businesses by affording unprecedented rights to street vendors and homeless encampments, LAPD Central is hit hard with policing the related matters and works hard to ensure the safety of our community and district.
We are all advised to report all crime. A crime can only be solved if reported.
I welcome any thoughts and questions you all may have. Ideally, please email it so I can compile and forward. I am here to help ensure the longevity of DCWC's relationship with LAPD Central.
Best regards,
-Vatche
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LAPD Central has created a unique opportunity for individuals and businesses. Like DCWC members, our local officers spend most of their day at work. Our LAPD friends want to renovate their gym to stay healthy and strong. LAPD will engrave your or your business name on a 3-tier plaque for every officer to see all year round for donation levels:
- $250 for silver,
- $500 for gold, and
- $1,000 for platinum.
Platinum donors will also receive a recognition plaque. LAPD is putting together a special package for a donor of $5,000.
This donation will give you a direct relationship with our local LAPD station with year round visibility. While there is a national movement to defund our police, this is an opportunity to support the officers that protect us every day.
Please contact
or
All Donations are Tax Deductible
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We will continue to select two members' company logos for one (1) edition of the Newsletter at NO CHARGE to you. Expires in December.
To win a spot on the newsletter, please email us your high resolution LOGO to diamondclub.la@gmail.com for the opportunity to be selected.
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Looking to hire a secretary.
Must have good communication skills.
Contact: Gabriel Angulo
Or call my office 213-624-1441
Or WhatsApp 562-897-1805
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Notices From the Other Bourses |
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7 Tips for Salespeople This Holiday Season |
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“The future ain’t what it used to be.”
That poignant saying was credited to the great and colorful Yogi Berra, the former Yankees Hall of Fame catcher and mangler of malapropisms.
Yogi left us a few years ago and now resides in the Great Ballpark in the Sky. Or is it Iowa? Either way, if Yogi was with us today, he might well have recalled that particular gem as we prepare to traverse the remaining weeks of a year that would have stumped a convention of psychics, let alone Yogi.
And, while we’re on the subject of psychics, do they need to publish the dates of their events? But, I digress.
The end is in sight, and since the coming weeks typically represent a disproportionate amount of our annual business, I thought it worthwhile to revisit and tweak a column on selling tips I wrote last year.
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Diamonds Get Playful with Blasts of
High-Octane Color
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If you think diamonds are a classic jewel, then you haven’t seen the playful new designs featuring the sparkling stones in vibrant enamel and ceramic settings. These bold and stylish jewels are one of the hottest holiday trends because they deliver the most coveted stone with a blast of lively and joyful color (something everyone wants—and needs—right now).
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IDEX is First to Highlight Diamonds
with GIA Origin Reports
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IDEX Online is to become the first diamond trading platform in the world to feature diamonds with GIA's Diamond Origin Reports.
The pioneering development will allow buyers to filter their search to display only diamonds that come with a GIA Diamond Origin Report (DOR).
The DOR scientifically matches a polished diamond to its original rough, telling the story of the gem's origin. That allows consumers to better judge that the diamond has been sustainably and ethically sourced.
Wholesalers and retailers on IDEX Online will be able to readily forward the DOR to customers using the "Email this Diamond" function. Buyers will then be able Read More
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The Diamond Insight Report 2020 |
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Within the diamond industry, the pandemic has rapidly accelerated trends that were already underway, while also creating new trends as consumers seek meaning and emotional connection at a time when we are physically apart. Since the start of the pandemic, De Beers Group has undertaken regular research to understand the consumer psyche as we move through the various stages of the crisis, looking at how it has impacted consumers emotionally and Read More
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