DDM - Diamond District

DIAMOND
DISTRICT
50
Vol.50
July 2014
M O N T H LY
Office of the President
Borough of Manhattan
The City of New York
1 Centre Street, 19th floor
New York, NY 10007
(212) 669-8300 p (212) 669-4306 f
www.manhattmbp.nyc.gov
Gale A. Brewer, Borough President
Michael Grumet
Executive Director
47th Street BID
580 5th Avenue, Suite 323
New York, NY 10036
April 23, 2014
Dear Michael:
I write to thank you for including my inauguration speech in your March 2014 Newsletter. I read your excellent monthly communication when I was in the City Council, and always found it informative. Now, I can look forward to working with you.
I know that staff from our office have attended the BID meetings, and I hope to do so soon. Congratulations on all that you are
accomplishing, thank you for thinking of us, for your support, and please stay in touch on all matters of shared concern.
Sincerely,
Gale A. Brewer
Empire State Development President, CEO & Commissioner Kenneth Adams
S
ince his first day in office on January 1, 2011,
Governor Andrew Cuomo has been working
to make New York State a friendlier place for
businesses to start, grow and thrive.
One of the Governor’s top priorities has been
to reduce the crushing tax burden that has forced
people and companies to flee the state in droves.
Under his leadership, over the last four years taxes
have gone down for every New Yorker.
Taxes also have gone down for businesses and
corporations across the state. Property taxes outside of New York City were capped at two percent,
and this year’s budget includes an additional $400 million in tax
relief for renters.
For the first time in a long time, state government is doing the
hard work and making the tough choices necessary to bring vitality
and growth back to New York.
Save
The
Date
A major part of the state’s effort has been to work closely
with small businesses. Why? Because small businesses
can have a big impact on the local economy. Diamonds,
jewelry and non-monetary gold are the first, third, and
fourth largest exports from New York State by dollar value.
On 47th street alone, there are over 4,100 local companies,
employing approximately 23,000 people. The total economic
impact of the Diamond District is over $24.2 billion, making
it comparable to McDonald’s world-wide sales.
Your industry provides a great boost to the city and
state economy. We want to do everything we can to ensure
you continue thriving, so that the Diamond District will
forever be a staple of Midtown Manhattan.
That’s why in January Governor Cuomo launched Business
Mentor NY. The initiative is the State’s first, large-scale, hands-on
mentoring program designed to help entrepreneurs and small
Continued on page 13
47th St. BID Annual Meeting
Monday Oct. 6, 2014, 9:30 AM
McGraw Hill Center - 2nd Floor
Avenue of the Americas, Between 48th & 49th St.,
49th St. Entrance
IN
GOOD
COMPANY
LEO SCHACHTER DIAMONDS
STAR RAYS
BEN MELLEN & SON
SAHAR ATID
SPARKLING JEWELS
HOUSE OF DIAMONDS
DIAJEWELS OF NEW YORK
FLAWLESS DIAMOND JEWELRY
EUROSTAR
YONDOR DIAMONDS
AS DIAMONDS
THE VERMA GROUP
KUPERMAN BROTHERS DIAMONDS
VALENTINE JEWELS
S. SCHNITZER
ESPEKA
PALAK DIAM
DALUMI DIAMONDS
HEERA MOTI
OM DIAMONDS
FEIGENBAUM & KLEIN
NIG CORPORATION
MTB
CHRISTOPHER DESIGNS
HBS DIAMONDS
MALCA AMIT
FL CUTTERS
ESSKAY
SARIN TECHNOLOGIES
GEMOLOGICAL INSTITUTE OF AMERICA-GIA
G4S
NEW YORK LOANS
THE GULAYLAR GROUP
>
OPEN FOR BUSINESS!
NEW YORK'S PREMIER STATE-OF-THE-ART INDUSTRY
CENTER IN THE HEART OF THE DIAMOND DISTRICT
FOR MORE INFORMATION PLEASE CALL
RAIZY HAAS
9 1 7.578 . 8 0 8 2
SHARI NEISSANI
5 1 6 .984 . 8 875
JOSEPH LIPTON
9 1 7.359.1 1 33
JEFF TORKIN
64 6 .3 5 4 .9 538
INTERNATIONALGEMTOWER.COM
5 0 W. 4 7 TH ST R E E T N E W YOR K
2 JULY 2014 DIAMOND DISTRICT MONTHLY
DALIA SCHWALB
64 6 . 696 . 0 8 60
Legislative Update
New York City Paid Sick Leave Law
1. The law went into effect on April 1, 2014. Go to www.nyc.gov/PaidSickLeave for information.
2. Employers with five (5) or more employees who work more than 80 hours per calendar
year in New York City must provide paid sick leave. Employers with fewer than five
employees must provide unpaid sick leave. See FAQ for exempt employers.
3. Domestic workers who have worked for the same employer for more than one year and
work more than 80 hours a calendar year earn two (2) days of paid sick leave. Accrual
and use of sick leave for domestic workers follows New York State Labor Law.
4. To determine number of employees, employer should count full-time, part-time, and
temporary employees if they work more than 80 hours per calendar year in New York
City. See FAQ for employees who are covered and not covered by the law.
5. Employers must give their employees the required Notice of Employee Rights created by
the Department of Consumer Affairs (DCA).
6. Employees earn up to 40 hours of sick leave per calendar year.
7. Employees accrue one hour of sick leave for every 30 hours worked, up to a maximum
of 40 hours of sick leave per calendar year.
8. An employer’s existing employees begin accruing sick leave on April 1. New employees
begin accruing sick leave on their first day of employment.
9. Existing employees can start using sick leave starting July 30. New employees can start
using sick leave 120 days after the first day of employment.
10.The law sets the minimum requirements for sick leave. An employer’s leave policies may
already meet or exceed the requirements of the law.
For further information, employers may contact the Department of Consumer Affairs as
described below:
Email: [email protected]
Call: 311 (212-NEW-YORK outside NYC) and ask for information about Paid Sick Leave
Online Live Chat: available at nyc.gov/BusinessToolbox
For more information, please consult the City of New York website: http://www.nyc.gov/
html/dca/html/law/PaidSickLeave.shtml
DIAMOND DISTRICT MONTHLY
580 5th Avenue, Suite 323
New York, NY 10036
Michael Grumet, Publisher
[email protected]
O.O. Barrett, Editor
Natalia Cheviakova, Administrative Director
[email protected]
Bernard Rapaport, Advertising Sales
[email protected]
P: 212-302-5690 F:212-302-7835
Michael Mitchell, Art Director
[email protected]
The Diamond District Monthly is
published monthly by the 47th Street
Business Improvement District.
JULY 2014 DIAMOND DISTRICT MONTHLY 3
Executive Committee
Harvey Nagin – Nagin Jewelry
President
Steven Grauer – Gold Art 18 KT LLC
Chairman
Michael Toback – Myron Toback Inc.
Vice Chairman
Dennis Marlow – Solitaire Creations Secretary
Robert Hadi – ABS Partners Real Estate, LLC
Treasurer
Richard Winick – Manny Winick & Son
Ken Kahn – KenArt Realties
Richard Friedman – I. Friedman & Sons
Ronnie VanderLinden – Diamex Inc.
Jeffrey Mordekai – Petra Jewelers Board Members
S. David Belsky – S.D.Belsky Associates
Chair Audit Committee
Jay Holzer – Dyckmans Chris Ipek – Altin Realty
Raizy Haas – Extell Development Corp.
Lucy Orozco – Valley National Bank
Matt Selig – Leo Ingwer
John Kocak – Unique Settings
Yale Zoland – Zoland’s
Danielle Azeroual – Premier Realty
Adnan Aydin - Futurama Jewelry Exchange
Jack Elo – The Elo Group
Moris Yero Shalmi – ABC
Marc Beznicki – Kingmark Jewelers
Alon Mor – Mor Diamonds
Jules Fleischer – Jewelry by Alexander
Sammy Abramov – AA Pearl
Michael Oistacher – Manhattan Gold & Silver
Isaac Chetrit – Yadidi Group
Sunny Yung – Central Management Corp.
Memhet Gulay – City Property Development
Adam Abramson – Abramson Brothers
Bill de Blasio – Mayor
Scott Stringer – New York City Comptroller
Gale Brewer – Manhattan Borough President
Daniel Garodnick – Council Member
Matthew Schneid – Representative of
Community Board 5
John Glaister – Resident
Reuven Kaufman – Diamond Dealers Club
STAFF
Michael Grumet – Executive Director
Natalia Cheviakova – Administrator Director
4 JULY 2014 DIAMOND DISTRICT MONTHLY
K
YS OR
A
D Y
2 EW
S
N AN
E
J
OP RE
FO
E
B
July 25 - 28, 2014
The Most Rare and Prestigious
Collections of Antique Jewelry & Watches
Photo Credit: Jacob's Diamond & Estate Jewelry
Metropolitan Pavilion
NYAntiqueJewelry.com
JULY 2014 DIAMOND DISTRICT MONTHLY 5
United States Government
Office of the National Ombudsman
T
he Office of the National Ombudsman assists small businesses
facing unfair or excessive federal regulatory compliance or
enforcement issues such as repetitive audits or investigations,
excessive fines, and retaliation.
As an impartial liaison, the Office of the National Ombudsman
directs reported regulatory fairness matters to the appropriate
federal agency for high-level fairness review and works across
government to address those concerns, reduce regulatory burdens, and help small businesses succeed.
Congress established the Office of the National Ombudsman
in 1996 as part of the Small Business Regulatory Enforcement
Fairness Act (SBREFA). The Act ensures that businesses have a
means to comment if they experience unfair regulatory enforcement actions by federal agencies.
– Describe the enforcement, inspection, or compliance taken
by the federal agency and the results
– Briefly state the specific action or outcome you are seeking
– Provide documentation of the action taken if available, such
as correspondence, citations, or notices
3. Submit the form directly online OR download the form and
submit it by email, fax or regular mail:
Email: [email protected]
Fax: 202-481-5719
Mail: U.S. Small Business Administration
Office of the National Ombudsman
409 3rd St, S.W.
Washington, DC 20416
The National Ombudsman Can Help
Keep in Mind! • If you’re a small business or represent one
• If your comment or complaint directly involves a federal agency
and federal regulation
This process is not a substitute for any other action you may take
regarding specific federal enforcement activity, so you should
continue to pursue all legal and administrative remedies you
believe are in your company’s best interest.
How to File a Comment or Complaint with the National
Ombudsman’s Office
Interested in filing a comment or complaint? Follow these three
easy steps:
1. Visit www.sba.gov/ombudsman/comment
2. Complete the form as instructed. Here are a few tips:
Need Help?
There are two ways you can contact the Office of the National
Ombudsman:
Call: 888-734-3247 (888-REG-FAIR)
Email: [email protected]
The Panama Diamond Exchange Announces New Directors and Board Members
T
he Panama Diamond Exchange (PDE) publicly announced
its directors and board members. They are Eli Izhakoff,
founding chairman, Erez Akerman, PDE’s president, Ernest
Blom, the World Federation of Diamond Bourses’ president,
Gaetano Cavalieri, CIBJO’s president, and Avi Paz, the World
Diamond Council’s president. Founding PDE members include
Maxim Shkadov, Jeffrey H. Fischer, Reuven Kaufman, Ronnie
VanderLinden, Alex Popov and Mehul Shah.
The Panama Diamond Exchange is the first and only diamond
bourse in all of Central and Southern America and it will be
the anchor organization for the currently under construction
new Panama Gem & Jewelry Center.
6 JULY 2014 DIAMOND DISTRICT MONTHLY
CALL TODAY 212-997-5626 (LOAN)
50 W. 47 th St Suite 319
PAWN LOANS
Gold/Plat Jewelry, Diamonds and Fine Watches
Collateral Stored in
Vaulted Security
and Insured by
Lloyd’s of London
%
Private Offices on
the 3rd Floor of the
International Gem
Tower
DISCOUNTED RATES
FOR DEALERS IN THE TRADE
Immediate Cash,
Check or Wire and
No Credit Checks
Absolutely No Limit
to the Amount We
Can Lend
www.newyorkloan.com
DCA: 1452653 & 1452658
JULY 2014 DIAMOND DISTRICT MONTHLY 7
Direct Mail — Should It
Be Part of the Marketing
Mix
for Jewelers?
11% decline from previous year
D
o you think direct mail is passé? It’s time to reexamine that opinion. According to the Direct Mail
Association (DMA) in 2013, nearly two-thirds of all consumers purchased something as a result of a direct mail
appeal. People age 65 and older are prime candidates for
direct mail appeals, since they tend to stay at the same
abode for many years and statistically the are more likely
to open and read mail. What might surprise you according to Epsilon ( a major direct mail house) young adults
aged 18 to 34 are also highly responsive to direct mail.
Why is this so? The thinking is that since young adults
are constantly inundated with email, spam and social
media messages, direct mail stands out. If you’re still not convinced direct mail is worth
adding to your jewelry marketing mix, consider this:
according to the DMA direct mail costs no more than
print or pay-per-click advertising, and has an average
response rate of between 2 and 6%. There are numerous
factors that affect price including whether the printing
is four-color, optimized or personalized. According to
Direct Mail News, email marketing has an average 0.12
percent response rate.
How can you test a direct mail piece without overspending your marketing budget? Here are a few ideas:
1. Format. Is your offer easy-to-understand? Consider
postcards. They come in different sizes— so they stand
out from letters and news circulars. They’re both affordable to print and mail. Keep your design simple
and eye-catching. Utilize both sides of the postcard to
maximize information.
Is your sales pitch more complicated? If you’re selling
an expensive product a sales letter is the way to go. Get
it opened by making the outside mysterious. Experts
8 JULY 2014 DIAMOND DISTRICT MONTHLY
say that envelopes with no marketing copy at all on
the outside often work best—people will open it to see
if it’s something important, instead of throwing it out
as junk mail.
2. Make an offer that’s too good to refuse. Direct
mail pieces typically include some type of special offer or savings. In general, it’s better to offer dollars-off
than a percentage off—for some reason, it seems more
valuable to customers.
3. Create a sense of necessity. Time-limited offers
motivate customers to take action. Don’t send an offer every month — customers learn to consider the
discount price the “standard” price. Make your offers
really special by offering them infrequently. Another
alternative is to offer a free gift or other extra service
with purchase; make it something that costs you little
or nothing, but has value to the customer.
4. Personalize the piece. Mention their shopping
history. Try to keep your data base up to date and mail
pieces around dates that are significant to your customers such as birthdays and anniversaries. 5. Test & track. Test different wording on your mail-
ings. Have different offers and even different designs
until you discover what works best for your business.
Use codes on your mailers and ask the customer to
bring the mailer in or refer to the code when they
call to receive a special gif and so you can track which
campaign is most effective. Or add a URL that leads
to a custom landing page so you’ll know which mailer
drives online traffic best.
United States Postal Service Package
Tracking — Technological Advances
T
he United States Postal Service (USPS) is in the
process of replacing optical scanners with Mobile Delivery Devices. The USPS Service is investing
in scanning technology to improve its package tracking. The next generation of hand-held electronic
devices are being manufactured by Honeywell and
will be used by both mail carriers and mail processing employees.
The new device- named the Mobile Delivery Device
(MDD) – will support current real-time scanning needs
of postal products and services as well as anticipated
future scanning requirements.
The MDD will be equipped to utilize multiple wireless networks for real-time tracking of packages. The
device can access local wired and wireless communica-
tions, consolidate transactional data and transmit collected data to applications requiring such information.
“Customers want to know where their package is, when
it’s likely to arrive and when it arrived exactly,” said
Engineering VP Michael Amato. “This investment in
technology will help to improve the Postal Service’s
commitment to timely package delivery and reliable
tracking information”.
In its initial phase, USPS plans to deploy 75,000 MDDs
during August-December, 2014. The United States
Postal Service (USPS), products and services are designed to help you the business owner; start, manage
& grow your business. For further information please
call (212) 330-5053 for a dedicated professional or visit
our website www.usps.com.
Recruiter Registration for GIA’s New
York Jewelry Career Fair is Now Open
Connecting talent and opportunity, July 28
WHO:
WHAT: GIA (Gemological Institute of America)
Gem and jewelry companies seeking skilled and motivated talent are invited to participate in
the GIA (Gemological Institute of America) New York Jewelry Career Fair on Monday, July 28
at the Javits Center. The acclaimed recruiting event will feature a panel discussion, one-onone career coaching, and hiring opportunities for various careers within the field. Recruiter
registration is available online now.
Employers interested in recruiting at this year’s Career Fair can sign up by using the registration
form, contacting GIA’s Career Services office at (800) 421-7250 ext. 4100, or emailing kimberly.
[email protected].
WHEN: WHERE: MORE: Monday, July 28
8:00 a.m. to 1 p.m.
Recruiting begins at 10 a.m. Javits Center
1E Hall
655 West 34th Street
New York, NY 10001
GIA hosted its first Jewelry Career Fair in 1991 in Santa Monica, Calif. Since then, the event has
expanded and linked gem and jewelry companies with future employees at more than 40 events
in India, Las Vegas, New York and the GIA world headquarters in Carlsbad, Calif. Following the
New York event, the next GIA Carlsbad Jewelry Career Fair will take place on Friday, Oct. 10.
JULY 2014 DIAMOND DISTRICT MONTHLY 9
Learn Diamond Grading
from the Creators of the 4Cs.
Enroll in a GIA Diamond Grading Lab class.
• Grade diamonds consistently and accurately
• Practice with actual diamonds graded by GIA
• Improve your diamond grading skills in just 5 days
• New location at International Gem Tower
Upcoming Classes in NYC
Aug 25-29
Sep 8-12
Sep 13-Oct 11 (Sat)
Oct 6-10
Oct 13-17
Oct 27-31
Nov 3-18 (Night)
Dec 1-5
Enroll online at www.gia.edu
A branch of GIA’s
campus in Carlsbad.
Licensed by the New
York State Education
Department.
10 JULY 2014 DIAMOND DISTRICT MONTHLY
New York Education Center
50 W 47th Street
New York, NY 10036
T 800 366 8519
T 212 944 5900
F 212 719 9563
E [email protected]
www.gia.edu
Senate Appropriations Provides $141 million
for Manufacturing Extension Partnership (MEP)
t
his Senate Appropriations Committee approved its
FY15 Appropriations bill which provides $141 million
for Manufacturing Extension Partnership (MEP). The bill
was approved unanimously and is now expected to head
to the full Senate floor for consideration and debate. The
House Appropriations Committee provided $130 million
for the MEP program. The House bill is awaiting full floor
consideration at a date to be determined.
The National Institute of Standards and Technology’s
Hollings Manufacturing Extension Partnership (MEP)
works with small and mid-sized U.S. manufacturers to
help them create and retain jobs, increase profits, and
save time and money. The nationwide network provides
a variety of services, from innovation strategies to process improvements to green manufacturing. MEP also
works with partners at the state and federal levels on
programs that put manufacturers in position to develop
FAST FACTS
new customers, expand into new markets and create
new products.
As a program of the U.S. Department of Commerce,
MEP offers a range of effective resources to help manufacturers identify opportunities that will accelerate and
strengthen their growth and competitiveness in the global
marketplace.
Innovation is at the core of what MEP does. Manufacturers that accelerate innovation are far more successful
than those who don’t. By placing innovations developed
through research at federal laboratories, educational
institutions and corporations directly in the hands of U.S.
manufacturers, MEP serves an essential role sustaining
and growing America’s manufacturing base. The program
assists manufacturers to achieve new sales, lead to higher
tax receipts and new sustainable jobs in the high paying
advanced manufacturing sector.
62,703
jobs created and retained
30,131
Manufacturers served in FY2013
$2.5 billion $1.2 billion $8.4 billion
client investments
cost savings
new and retained sales
The National Network
MEP is a nationwide network of more than 1,200 technical experts, - located in every state - serving as trusted
business advisors, focused on transforming U.S. manufacturers to compete globally, support supply chain integration, and provide access to technology for improved
productivity. MEP is built around manufacturing extension centers locally positioned throughout 50 states and
Puerto Rico. MEP Centers are a diverse network of state,
university-based, and non-profit organizations, offering
products and services that address the critical needs of
their local manufacturers.
Each center works directly with area manufacturers to
provide expertise and services tailored to their most critical needs, ranging from process improvement and workforce development to business practices and technology
transfer. Additionally centers connect manufacturers
with government and trade associations, universities
and research laboratories, and a host of other public and
private resources to help them realize individual goals.
Through local and national resources, MEP centers
have helped thousands of manufacturers reinvent themselves, increase profits, create jobs and establish a foundation for long-term business growth and productivity.
Manufacturers can find more information about the
MEP program by going to its website
http://www.nist.gov/mep/about.cfm or by contacting
the NYC MEP Regional Program Center representative:
Sara Garretson
Ph: (212) 809-3900
Email: [email protected]
JULY 2014 DIAMOND DISTRICT MONTHLY 11
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G emo l o g i cal A p p r ai s al
Lab o r at o r y
o f A m eri ca, I n c.
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Independent Appraisers
Since 1979
GAL is an independant jewelry
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services company, with over 30
years of continued customer
satisfaction. Our staff of expert
Gemologists have helped build
our reputation as one of the
lea
leaders in the industry. Our
appraisals are recognized
worldwide by retailers, private
jewelers, wholesalers, and
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for rental information contact: KEN KAHN 212-354-0200
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12 JULY 2014 DIAMOND DISTRICT MONTHLY
Gold Smuggling Into India on the Rise Since
the Imposition of Taxes
I
ndian Prime Minister Manmohan
Singh’s reported that the increase in
gold taxes imposed by the Indian government was intended to help fix India’s
record current-account balance of trade
deficit. An unintended consequence
of this legislation is that the greatly
increased black market for smuggled
gold to a land that was the world’s largest buyer of the precious metal in 2012.
Estimates made based on the previous
year’s average price, the value of illegally
imported gold in 2013 totaled about $9
billion. To put that in perspective this
amount is or more than twice the annual revenue of Signet Jewelers Ltd., the
largest U.S. jewelry chain.
Gold smuggling is on the rise
Demand for gold remains strong in
India, where gold is considered a good omen when given as a gift
for weddings and festivals. Strong demand for gold in Asia helped
spur a rebound in prices in 2014, after a 28 percent plunge last year
that was the biggest drop since 1981. Gold required for immediate
delivery increased 11 percent this year in London compared with
a 1.5 percent advance for the Standard & Poor’s GSCI Spot Index
(SPGSCI) of 24 raw materials.
Smuggling of gold into India has a long history. there existed
aa virtual ban on official imports for domestic use until 1990 so
demand for the metal was met by illegal sources. Government
figures place the amount f gold smuggled int the country from
1968 to 1995, from 10 tons to 217 tons a year .
Gold prices run about 20 percent more
in India than in the metal’s major regional
trading hubs of Dubai or Singapore. This
reflects the import tax and a premium to
secure supplies. Since restrictions were
imposed last year, the biggest bust at
Cochin International Airport occurred
in this past September. Two females
clothed in burqas, the full-length body
garments worn by some Muslim women,
were discovered to be carrying 20 kilos
of gold when they walked through customs. Cochin Airport reported 79 cases
of reported smuggling from April to
January. Officials seized more than 27.4
kilos of gold, according to customs data.
That’s up from 18 cases and 2.39 kilos in
the previous year.
The government of Prime Minister Singh, targeted gold for
higher duties as part of a government attempt to tame a widening
current-account deficit which caused inflation to rise and the rupee
to be devaulued against the world’s benchmarks currencies. The
Reserve Bank of India estimates bullion contributed to almost 80
percent of a record $87.8 billion deficit in the year ended March 31,
when the nation imported 845 tons of gold. The trigger for import
restrictions occurred in April, when gold prices plunged into a bear
market, down as much as 26 percent from the previous year’s high.
As the government’s measures cut demand for ornaments and
bars, World Gold Council statistics show that India was overtaken
by China in 2013 as the world’s biggest gold consumer.
Empire State Development President, CEO & Commissioner Kenneth Adams
businesses like those in the Diamond District overcome common
challenges and ignite growth.
Business Mentor NY aims to help small companies turn a good
idea into a sustainable business, so that businesses can create new
economic opportunities in communities across the state. It is free
to join and it is administered by Empire State Development.
The program’s mentoring network of volunteers includes lawyers,
accountants and business consultants, as well as successful entrepreneurs and experts in the fields of finance, retail, communications
and information technology, human resources, public relations,
and sales and marketing. Thanks to this new state-supported
network, small businesses will be able to get help with everything
from reviewing insurance policies to managing cash flow.
Business Mentor NY is quickly proving to be a useful tool for
small businesses across New York State, and through this innovative,
interactive program, we are harnessing the spirit of volunteerism and
the very best of New York’s skilled business professionals to give a
boost to our entrepreneurs. While Business Mentor NY is actively
Continued
from Page 1
matching mentors to businesses today, the initiative is already looking toward the future as we work to expand the network statewide.
In addition to programs like Business Mentor NY, we’re also
moving full speed ahead with our plan to transform New York’s
business climate through START-UP New York.
START-UP NY is designating tax-free areas on or near colleges and
universities across the state. If you start a company or wish to grow
your existing business and create jobs in one of the areas, there are
no taxes for 10 years: no income tax, no property tax, no corporate
tax for all new operations that are created in the tax free areas or
come to the tax free areas from outside New York—not even for the
employees. It might sound too good to be true, but it’s the real deal.
Initiatives like START-UP NY and Business Mentor NY represent
the next era of economic development in our state, and will play a
key role in building a better, stronger, more vibrant New York—an
Empire State for the 21st Century. With hard work and effective
planning, the diamond and jewelry industry will be a big part of
this bright future for many years to come.
JULY 2014 DIAMOND DISTRICT MONTHLY 13
Sandy Steven
Engravers
All types of engraving
Machine Computer Hand Laser
Has relocated to:
23 West 47th Street
2nd Floor, Room 16
New York, NY 10036
[email protected]
212-921-5976
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USA MICRO SETTING and FINISHING
Hernan Reinoso
u FULL SERVICE CONTRACTOR u
FINISHING FROM RAW CASTING TO POLISHING u
u MICRO-PAVE/ALL TYPES OF STONE SETTING u
u LASER ENGRAVING — STANDARD TO MAXIMUM DEPTH u
u LASER WELDING — ALL TYPES OF METAL u
ALL TYPES OF RHODIUM u
Fully insured premises (Jeweler’s Block Policy) u We feature the newest, most advanced Laser
technology u Our 50 Watt Laser Engraver, and 175 Joules Laser Welder allow us to work with
any metal, including SILVER u Our lasers allow us to perform precision work and will not
damage any stones u u We offer full service – from a raw casting level to a finished product in
our factory located on 48th Street
Our work and quality control procedures exceed the highest industry standards.
We guarantee timely quality work with the utmost care to details.
48 West 48th Street, Suite 806 • NY, NY 10036
Tel: 212-764-7142 • Fax: 212-764-7143 • CeLL: 917-656-6353
[email protected]
14 JULY 2014 DIAMOND DISTRICT MONTHLY