[Jewelry making - Article 00820] - Re: [Orchid] How is the jewelry economy?

[daniel spirer]

========[ Invite a Friend - http://www.ganoksin.com/invite.htm  ]========

    Someone else on this thread talked about how you are doing is
    impacted a lot by where you are. I think that's quite accurate, but
    also it depends a lot on who you are and what you are trying to
    sell. I think those who are low end (under $100) are going to be
    impacted the most in this economy as the people who might have bought
    something in this range are going to need the extra money they might
    have had for it on food and gas. I don't think they are going to
    pick up customers from the slightly higher ends (who might be feeling
    like their wallets are a little emptier too) as they have had a taste
    of better merchandise at higher prices and it's going to be harder
    for them to step down than to just not buy anything for awhile. Those
    people who cater to the lower middle class are also going to have a
    harder time. Upper middle and upper class will keep spending. The
    rising cost of food and gas just doesn't do the same percentage of
    damage it does to poorer folks. There will be exceptions to all
    these rules as some people will always stand out enough to draw in
    the business. 

    Location is also important. The Northeast didn't go through the huge
    building boom that went on in a lot of the rest of the country, so
    even though the housing market is down, it isn't having the same
    impact. People located in somewhat recession proof areas (Silicon
    Valley, New York City, even a bit of Boston where I am, and extremely
    high end smaller towns) will continue to prosper, or at least not
    lose much ground. There is also the issue that those who simply do
    what they do better than most will continue to thrive and those who
    don't will go out of business, thereby increasing it for the people
    who do better. Personally, I'm continuing to see modest growth over
    the last year and I always have a pile of work. But then I deal with
    mostly upper middle class people who really aren't impacted that
    much. Oh and I'm better at what I do then anyone else in the area
    (humbler too). 

Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
1780 Massachusetts Ave.
Cambrige, MA 02140
www.spirerjewelers.com
____________________________________________________________________
T h e   O r c h i d   L i s t
Open Electronic Forum for Jewelry Manufacturing Methods and Procedures
____________________________________________________________________
Orchid FAQ:
~ http://www.ganoksin.com/orchid/faq.htm
Orchid Archives:
~ http://www.ganoksin.com/orchid/archive
Orchid Galleries:
~ http://www.ganoksin.com/orchid/gallery.htm
Invite a Friend:
~ http://www.ganoksin.com/invite.htm
____________________________________________________________________
Tips From The Jeweler's Bench - Article Archive
~ http://www.ganoksin.com/borisat/tip_sear.htm
The Jeweler's Selected Bibliography List
~ http://www.ganoksin.com/jewelry-books
Buy Orchid Jewelry:
~ http://www.ganoksin.com/shop
____________________________________________________________________
-Unsubscribe:
-Email: orchid-request AT ganoksin.com Body=unsubscribe subject=blank
____________________________________________________________________