Mother’s Day Thursday, May 15 2008 

Happy belated Mother’s Day…..I hope all the wonderful and thoughtful gifts that were given out this weekend from J.Staples Jewelry went over well. We had a very good week of business leading up to the weekend of Mother’s day and had a great Saturday!

Business over the next few weeks will mostly include graduation gifts. Graduation gifts of jewelry are always very special, because it is the first nice piece of jewelry a young person typically will get. Popular ideas for the young ladies are diamond stud earrings, pearl necklaces, or diamond pendants. Young men will often receive a nice timepiece (watch) engraved to mark the special occasion or signet ring with engraved initals or even one’s family crest. Those that come in to our store often notice the ring I wear on my right hand, our family crest engraved in a gold signet ring, and comment how they like the style. It was made from my fathers signet ring he wears and one day I will make a copy for my son Seth and pass this ring down through my family.

The metals market have been crazy…..as expected with crude oil and the dollar bouncing around. We have seen some dramatic swings in the gold price starting with a rapid rise up Monday to be wiped out on Tuesday morning. Silver and Platinum have followed the yellow metal but I expect bigger numbers on all these metals in due time.

Check out our newest website http://www.louisvillebuygold.com and http://www.jstaplesjewelry.com

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Diamonds are a girls best friend…but watch out as Gold, Silver and Platinum are moving quickly to the top! Read On. Tuesday, May 13 2008 

My blog was created to inform and educate current and potential new customers about the small independent jewelry business we operate in Louisville, Ky. First a short history lesson. The name of our family owned business is J. Staples Jewelry which opened its doors in 1987 when my father, Jerry, sold his share in St. Charles Jewelry to his partner and opened his own store in the old Herman’s Plaza Center (Walgreens now owns that corner) at the Hurstbourne Lane and Shelbyville Rd intersection.

We have since moved from that location to 9800 Shelbyville Rd (about one block east of that major intersection). I joined our family business full-time in 1998 and since have learned what it takes to own and operate a small business in today’s marketplace. I have been fortunate to see the ups and downs of the economy starting with the dot.com boom to now..where we have seen large investment portfolios wiped out (twice), $3.85 per gallon gasoline, $4.00 gallon milk, and now RECORD METAL prices $900.00 Gold, $2,000.00 Platinum, and $21.00 Silver to name a few (not even considering copper and the other non-jewelry metals).

This is what triggered my interest in doing a blog. Customers often ask when selling scrap gold, coins, and misc. items… Why has the cost risen so much? I usually tell them it’s such a long and complicated story based on a Global Market of Economics that I have a hard time grasping the theories and Wall Street jargon. I will provide an inside look at the unique world of gold, silver, platinum and other precious metals and gemstones that, from the beginning of time, have amazed and dazzled the people who have adorned, collected, traded, and Invested in them.

Our newest website http://www.louisvillebuygold.com will be up and running soon and loaded with information on the modern day Gold Rush and how you can take advantage of the record high prices of these metals. Our current website, http://www.jstaplesjewelry.com is currently online and I’ll will be making some new changes on that site as well. I will continue to Blog on my thoughts about the future of our business, the metal markets, new inventory purchases, diamond deals, and anything else that I feel relevant to pass onto our current clients and any future customers we hope to serve.

I read an interesting stat in one of our trade journals, “Some industry organizations say 30 percent of Independent jewelry stores will be out of business in the next five years” OUCH!! My goal with this blog is to help our independent jewelry business make it to the next couple of generations not FIVE years!!!. I believe my current and future customer base will help me secure those goals. If you have ever done business with J.Staples Jewelry and are reading this…….THANK YOU for the many awesome years you have allowed us into your lives and by marking a special moment in time with something from our store.

Please check back often to read Danthediamondman’s random thoughts.

Dan Staples