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Something Is Wrong With This Chart: US Jewelry Imports Drop By Most On Record
Either our copy of Excel has a bug, or the BLS hasn't gotten to seasonally adjusting its less than A-grade time series yet, or perhaps there has been an unprecedented and undocumented surge in jewelry artisans in the past five years, or simply people are now celebrating Bernanke's centrally-planned economic renaissance by wearing bones and yellow tattoos, or men and women now just say no to such superficial trinkets as watches and rings, but whatever the reason, according to the BLS, US jewelry imports in the month of October inexplicably just posted their biggest annual drop. On record.
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this should do wonders for porn industry and vaseline sales.
Ipads and Iphones are the new panty removers in North America.
I thought that was housing chart.
There has never been a better time to buy a 13 Carat Panzoto-Panzanite Ring!
The giant sucking sound over in China and India?
http://www.zerohedge.com/contributed/2013-11-26/china-gold-rush-continues-world%E2%80%99s-largest-jeweller-sees-49-jump-sales
GOLD Natzi :
""NO GOLD FOR YOU...""
While China's largest jeweler see's 49% increase in sales: http://www.maxkeiser.com/2013/11/china-gold-rush-continues-worlds-largest-jeweller-sees-49-jump-in-sales/#more-69905
Who's the dumb money?
Peak Pussy Princess?
Maybe they'll handle their "not enough women problem" that way. Chinese men will start to import their very own "American princesses."
Considering the size of Amurikan women today, at least we'll have a good use for all those shipping containers. We should be able to get at least a half dozen in each one.
My apologies to the fattie who downvoted me! EAT MOAR KORNSURIP!
Granpappy allis said;
Make a fat tattooed lady yer wife.
Warmth in the Winter. Shade in the Summer. Movin pictures all year round!
Gross! No thanks, give my best to your granpappy.
I'm beginning to think I'll wife shop overseas, it may also be where I'll be living since I can't escape a feral Federal Goobermint. I think these guys seem to have it right: Singledudetravel.com
"He went to Jared's!" - Oh no he Di'int!
"Every Kiss Begins With Kaye" - Until Kaye zips it up when no bling-bling!
Same percentage of American men are obese, as American women:
"More than 35% of U.S. men and women were obese in 2009–2010. There was no significant difference in prevalence between men and women at any age."
Per the CDC: http://www.cdc.gov/nchs/data/databriefs/db82.pdf
Just as many lardly American men, as lardly American women, but we just love here on ZH to talk about those fat chicks; always get loads of up arrows for talking about fat chicks - gee are there fat DUDES too??
Oh, I'm not fat, but my brother weighs 400+ lbs. Funny, that; guess it has more to do with what we eat than our gender.
I'm 99.999% sure trey and matt are ZHers. Maybe the founders.
That's because we have been in a recession for the last two years. ( Just don't tell Barry ).
Stumbled across a useless word the other day. ASSIMILATE.
Or, 'about as useless as assimilation.'
That oughtta lighten up Merriam Webster eh??
So, Happy Thanksgiving to all of my fellow Americans, because "Happy Holiday's" is a term reserved for the NON ASSIMILATING psuedo "American's". ;)
I send out Christmas cards with classical religious paintings like the Madonna and Child on them that say something about the birth of Christ, Peace, etc., in envelopes with Christian themed stamps on them anymore.
Pisses my uber-liberal and progressive friends off no end.
Fuck political correctness
Message to Keynes: "Jesus Saves."
but he earns no interest
Is the typesetting in Papyrus as well?
http://xkcd.com/590/
This would imply the blow job index is collapsing also
BJ's could be the leading indicator in this instance.
I don't bother with the physical baubles anymore. I buy iJewelery now and Mrs. Cog looks smashing.
just got a chain tat around the wrist and a cadmium nose stud..
..probably going to donate the Rolex to the Moonlight Bunny Ranch Scholarship Fund.
my Moonlight Bunny Ranch Scholarship Fund address is, 123 Elm Street, Riverside, CA 92051.
Please send all your Rolexes and any other gold/silver jewelry you don't need ASAP.
You will need to pass the, "interview," before receiving any funds.
If you really wanna get lucky, that's one lady all's ya gotta do's show up with a handle of Smirnoff as she's leaving rehab and you got your ass a parteeeeeeeeeeeee
Wait- You need to spend money on women??
No wonder I never get laid...
faux jeweled iPhone cases bitches!
Look at the various jewelry stores in the US... can't find "Fine" anything unless you go high end (not realistic for me). The best I've seen is 18k gold or sterling silver but only at a couple of stores that appear to have identical catalogs.
Official India PM Import August: Gold Down, Silver Holds (4311 tons YTD)
http://www.ingoldwetrust.ch/official-india-pm-import-gold-down-silver-holds
From the article, which explains the drop. (emphasis added mine)
"The main reason for this slump is India’s import duty on gold that was raised in January from 4% to 6 %, in June to 8 % and in August to 10 %. Another reason is the 80/20 rule that came in force in August, forcing importers to directly re-export 20% of their gold import. The results are that official import is decreasing, gold smuggling is increasing, premiums are making all time highs and silver imports are up. If we look at a chart from Nick Laird we can see that on top of the import duty Indians have to pay a premium of 12 % on gold, 22% in total!"
Not surprising after hiking taxes and import bans. India is still the largest gold consumer in the world, but gold prices are made in London and New York. Gold prices are down on demand (manipulation).
Do yourself a favor and use coconut oil instead of vaseline.
101 years,
this, too:
http://rt.com/news/arnon-milchan-israel-spy-326/
Sum Ting Wong? Wee Two Po!
No Rolex for you! For year!
No, makes perfect sense, WHO out of only ONE third of the population(still working) can afford luxury itens like gold jewelry, when ACA Care is destroyiong whatever they could possibly have left?.
The DOOR is about to slam.
wi tu lo
ho lee fuk
Bang DIng Ow
stoo pee d thread.
Over.
just in time for festivus.
exactly. "Great start to the shopping season."
Corresponds with declining birth rate.
Won Hung Lo
Shi No Fuk. He No Pei.
I guess immigrants don't buy jewelry then? I think it is more likely that the population is well aware that the next economic down leg is right around the corner.
no bling, no booty
So now not only are we going to be broke, we're going to have blue balls too!?
No job, no sniff.
SELL ALL YOUR GOLD!
to me for pennies on the dollar.
Notice how the peaks coincide with the housing bubble, QE1, QE2, QE3 and QEinfinity.
Everything coincides with QE dumps.
QE, Its the "New" fundimental!
You can get an inverse graph by overlaying jewelry purchases from pawn shops.
I can attest to that. Only a fool would pay retail for jewelry when you can buy at a pawn shop for 70 - 80% less. Like I told my wife, no one has ever thrown a Diamond away. Therefore, there's no such thing as a "new" Diamond at Cartier, or anywhere else.
You are right Crashis, pawn shops that also act big in cash-for-gold get quality jewelry almost for free. Depending on competition, they might pay out as little as 50% of the "melt value" of the PM content, the rest of the jewelry box
from grandma they get to keep for skipping the appraisal fee...
Time to go long payday loan companies! I was in Vegas recently, and there was a line out the door to the car title loan shop.
Keep in mind that 75% of the guys in that line are going to forget to mention the subprime loan already on that car. The other 25% are stupid, not honest.
When it comes to discretionary purchases, jewelry has to be at the top of the list.
Just one more piece of evidence that the vaunted U.S. "consumer"; the engine of the global economy, is, OUT..OF..GAS.
Maybe credit card companies stopped allowing their cards to work at jewelry stores..
Saving for that Obamacare premium;
"hey baby,I got you a low deductible low co-pay policy!Aint"t that better than Tiffanys?"
Low co-pay and low deductible with Obamacare...hahahahahahahahahahahaha. Thanks I needed that.
Why is this so hard to believe?
People can't even afford to eat -- but they'll have money for good jewelry? WTF??
Well those 49 million on foodstamps (SNAP) must be holding on for the end of year deals.
Me...I'm just hoping for a bread helmet to add to my riot gear this holiday season.
Well, people certainly have plenty of money to talk and text on iPhones.
Bread helmet! I forgot about those, along with, "My president is your president's pitch". Ah, happy times.
Don't know about anyone else but after paying all the bills and invoices for metals, I have zero extra cash left for the rest of the year. Zero. The family will get hugs for Christmas from me, if they're good.
"or simply people are now celebrating Bernanke's centrally-planned economic renaissance by wearing bones and tattoos"...
God I love your fourishes...
I think it's safe to say that brick by brick PMs are proving themselves every day with the relentless "fudging" we've been witnessing with anything and everything in it that has to do with GLD.
Like the "London Fix" that you posted last night I would say it's rather obvious how deep the distaste run on the "yellow stuff".
nowadays people wear future contracts, not the real thing, come on !
@super Broccoli
I thought Jewelry was a future contract...........to get you leg over?
Long Zales...ben will print jewelry next
Too bad they don't track jewelry sales/pawned for cash loans to pawn shops also. Put that together with this gives you a pretty good idea the state of the economy.
Time to pull out "Katy Lied" to get some inspiration for "The normal" shopping weekend.
http://www.youtube.com/watch?v=UVQKiqCZ9No
Yeah, " I was halfway crucified " does seem to sum it up.
And it couldn't possibly have anything to do with the crappy employment and wage environment.
Must be the weather, global warming, hot in the Summer, cold in Winter, clouds, and that slippery deadly solvent in it's many forms WATER. That's what caused it!
GW Bush is 75% water. We can still blame him.
Here on the east coast, we are about to get hit with "crappy" weather just in time for Thanksgiving. Today for instance it is 40 degrees F and raining (not snowing). You know if this weekends numbers come out bad, they will blame it on the weather.
Blame It on the Rain?
MILLI VANILLI, BITCHEZ!!
Must be those outdoor shops you use up there.
Has nothing to do with chemtrails.
Nothing.
So don't even think about it.
The analogs to the crash of late 2008 are starting to pile up. Next quarter could be scary.
Seek, you have composed the perfect "Omnicomment" for ZH posts.
Good for virtually any story.
In any time frame.
Good work.
But, but... Tiffanys reported blockbuster earnings today...oh, that came from ASIA sales, nvm.
It's almost as if you have to have a productive economy that produces goods people want to have a prosperous economy and be able to afford jewelry. /sarcasm.
The one percenters are on a Ferrari and Lambo fix right now. No worries, they'll get back to gems soon enough. Nothing to see here.
Those gold plated iPoop devices must not be selling like they'd hoped.
Half awake and sick, this looks like recessionary territory to me
or Tifffany has resourced everything to US?
so single guys - has vajazzling peaked?
I googled that expecting to get an urban dictionary reference..where the fuck have I been? I had no clue that existed.
You aren't alone. It sucks getting old.
There's always humor.
http://image.blingee.com/images19/content/output/000/000/000/7b2/7916271...
Fuck. I'm old. How did I ever get to be so cynical?
That is one of the oldest, ugliest, creatures ever.
Never did like catz, one more reason ...
Well that's a new word for me. "It's all good".
After my impending divorce it seems the only chicks I can pick up have tattoos. As in 3 or more. Or maybe it's just that I'm the only person without ink.
I need to find a monsatary. Fuck this planet.
Divorced tattooed chicks are just bridge GFs.
I wouldn't go dragging your dick into anything until the divorce is final... maybe you're safe, but scorned women have a tendency to go to any length (spend your money) just to push your shit in a little bit. You don't want "dick pics" ending up being introduced into evidence at the hearing on whether she's to get alimony...
These days, if a girl is smart, she will hold out for real gems like heirloom seeds, a new chain saw, replacement parts for the pressure canner or a glock. The iSurvived what-nots are where it's at. :-)
"These days, if a girl is smart, she will hold out for real gems like heirloom seeds, a man with a new chain saw, replacement parts for the pressure canner or a glock. The iSurvived what-nots are where it's at. :-)"
Fixed it for you.
<Don't forget the splitting axe and wedges.> :)
"These days, if a girl is smart, she will hold out for real gems like heirloom seeds, a new chain saw, replacement parts for the pressure canner or a glock. The iSurvived what-nots are where it's at. :-)"
If you expect this girl to be young and American, do not hold your breath.
and someone whose day job isn't guarding bridges or whose dad had to secretly pay her prom date so she wouldn't go alone... good luck with that shit.
I'd also be worried about a woman who completely buys into "prepping"... although not necessarily, it may be indication of a doormat/punching bag... not something you want. A moderate amount of buy-in probably shows better boundaries... no buy-in and you've got the biggest problem of them all.
I never prepped until I discovered Zero Hedge lol.
Perhaps a total buy-in to learning self sufficiency rather than prepping is warranted these days... you know, if a girl is willing to overstep her boundaries.
I've had prospective GF's ask to borrow the Deere 4320.
I said no.
I get a lot of palm time.
...and don't forget a nice sturdy wood-chipper. Just in case things don't go as planned.
https://www.youtube.com/watch?v=8qWFhDvURLg
Tattoos, bones through the nose and hyena skin loincloths. Ahhh, the new America. It's all good.
When I hear the phrase: "It's all good" I assume that whatever "It" is it can't be good.
I miss (the old) America.
Bling is for arrogant primitives and narcissists.
I've never worn any kind of jewelry (rings, watch, necklace, etc). I think it's a big waste and looks stupid. My PM's are in the form of nice stackable shapes and sizes that you don't wear 'round town. ;-)
FUCK YOU, BERNANKE! and FUCK YOU TOO, LARRY YELLEN!
that's better...
Re: Bling is for arrogant primitives and narcissists.
So, in other words, most people.
Watches, bracelets and necklaces are symbolic handcuffs and chains. I've never felt good in them.
You wouldn't believe what college girls will do for a BitCoin.
Well, pull up a chair, open a bottle, light up a smoke and dazzale us with tall tales.
The answer is: nothing she wouldn't have already done for cheaper... they'll do anything. Now, the better test would be to see who had the best story for what they got a stripper to do for $1 (you know, the ones that come by "bottom feeding" after the ones that push the lap dances have failed).
OK, when I was 23-24, I lived in NYC (1977-78) worked bars and restaurants all around midtown Manhattan, actually knew so many people around Times Square it was glad-handing time whenever I went through there.
Anyhow, high-priced hookers used to give me coke folded up in five and ten dollar bills as tips, take me out for drinks, fuck me silly for nothing. I did about five of them and was still able to keep dating a few regular chicks along the way. I was much younger and kind of a wild dude. Ah, the good old days. Now, if I want serious pussy, I have to pay, so, as a poster above pointed out, lots of quality palm time for me. Chicks my age (50-60) just aren't all that appealing.
Getting old sucks, but so does Slutty Sally.
Umm, glad to not shake your hand.
GOLD IS STILL TOO HIGH> DUH DUH DUH
Hilarious HH +10000000000
Thanks
To me it's obvious .. the non-essential government workers couldn't sit in their offices ordering trinkets for their loved ones.
Probably because of pay cuts AND added costs related to everything with the biggest being healthcare thanks to Obamacare. You have to pass it to know how they will rob you blind.
Summer of recovery IV will fix this.
A waste of money.
Try and pawn or sell and you'll find out the real value. Their worth what people are willing to pay.
There is an enormous markup on jewelry. Woman are starting to realize this.
Guess the scarface/pimp look with loads of jewelry is out.
"There is an enormous markup on jewelry. Woman are starting to realize this."
So will women wait for hand bags to decrease drastically in price too?
LOL, yes, that's certainly been my experience - 'this jewelry's too expensive, I'm going to wait for a sale'. Definitely not 'oh my god you won't believe the deal the saleslady will give me if I buy 4 of these. I'll be saving a fortune. But she says these are the last ones they have and they might not restock - we have to buy NOW!'
No wonder there are a ton of them on ebay selling for 20-30% of the retail price. It's funny to see that old handbags (ones that are around after the season that they were released) sell for so much cheaper. Try gifting a girl a handbag out of season, she will know you are not hell bent on destroying your finances. No booty for you in that case.
Depends on the handbag eh.
The mall where my gym is located has THREE cash-for-gold stores inside it. I tend to take a walk around sometimes to cool off. If they're not empty you can surely find a single mom in front of that desk cradling a child and hoping to get more than a couple bucks for what likely cost 1000% more.
I go to those places and try and get them to sell me the gold they buy... same response everywhere, "we don't sell gold, we only buy." What the fuck? I'm guessing that I'll pay more at retail for it than they'll get from the melter... it could be a win:win, but apparently that would be too simple.
Okay, then... what is the domestic production numbers for jewelry?
Due to the low cost of gold... is there more domestic production thus less importing? C'mon, we need more info than this one sided part of the story.
Maybe people are no longer allowed to swipe that EBT card at Macy's for their jewelry, shoe and purse purchases.
JEWelry is one of the biggest scams ever witnessed when bought at Helzbergs, Zales, etc. Go to the pawn shop, and if she says no to that run like the wind in the opposite direction.
Give her a bag of skittles. Tell her to bring the movies ...
You should run like the wind in today's America anytime a woman mentions marriage.
Once they get a couple of rug rats you're out the door while paying alimony and child support to her and her new worthless boy toy.
If your woman doesn't want to be married, then I'd back away... it's not that you want to get married, but when a woman doesn't, then something is awry.
Sometimes you'll get fucked... if you have any money, then she can sign a pre-nup. If you don't, then she probably isn't going to be getting alimony and you have the freedom of being a turnip. However, the child support charts are fucking ridiculous and she'll likely have a surplus depending on the age/needs of the kids... so she'll get that alimony one way or another.
Often times the best results are had when the parties can privately work something out before she gets a lawyer... have your lawyer draft the settlement agreement and everyone wins. Past this, and it can get messy in a hurry... you'll be hearing about shit you did 30 years ago as if it was yesterday... not that married men don't suffer this anyway...
Maybe she doesn't care to make the state a third party to her relationship.
State involvement is only part of the equation... In substance, it's about putting a formal ceremony (in front of witnesses) to your official joinder and creating formal obligations. "Marriage" is incredibly broad... the state defines it, but so does the common vernacular and millenia of practice and custom. In short, you don't have to get a marriage certificate from the state to be married. If she doesn't dream of her wedding dress, then you might want to check under the hood. Not that there's anything necessarily wrong, just a possible indicator.
If I had a nickle for every guy that I've heard bitch about it or see or hear about some guy that got screwed over by the ex-wife and the family court I'd probably be able to buy a couple of ounces of gold.
As long a you don't have children you can work out a deal with the ex-wife but once children are involved then the court steps in and will determine the amount of child support you have to pay irregardless of any pre-nups or pre-divorce settlements.
And, if you've been with the broad long enough the court can determine the amount of alimony you also have to pay, especially if you were the sole provider. Another good reason to get the wife out working making as much as possible so that when she decides she's tired of you she can't claim poverty.
Don't get married in CA, NY, NJ, or any other high flying blue state. Generally the odds are stacked against you. Get married and divorced in Mexico or at the very least Saudi Arabia, at least there they still consider women to be chattel.
And, if you think being in your 40's or 50's and having to have Rosy drop by every once in awhile is bad, consider still being married and having to put up with a nasty bitch for the children and still not getting any.
This is sadly true for too much of the population, at least if you're upper middle class or better.
Having meaningful income either makes you a sucker or a target in the US today; I was discussing this an older (60s) female friend just a couple weeks ago and she was in strong agreement that a man with a high income (due to how the divorce compensation laws work) would have be insane to get married, especially in later life.
fewer auctions but higher bids for the rarest items.
more gold consumed in bars but less jewellery purchased.
..its where inflation meets deflation.
A lot of jewelry has gold in it, so there's your answer. Maybe if it was made out of ice cream, or french fries...
Husband to wife: "Honey, I hope you aren't disappointed at Christmas this year. Instead of that gorgeous diamond bracelet you were admiring the other day, I thought I'd demonstrate my undying love for you by buying you something even more expensive and forever eternal...an Obamacare policy."
I think the wife would know her husband is full of shit when he utters these words: "...I thought I'd demonstrate my undying love for you by buying you something even more expensive and forever eternal...an Obamacare policy."
Obamacare policies won't be eternal, it will be for as long as you can afford it, after that you pay the penalty for not having insurance.
Wait wait wait wait wait, if you cannot afford Obamacare then you still have to pay?!?
What happens if you cannot afford either?
Wait wait wait wait wait, if you cannot afford Obamacare then you still have to pay?!?
What happens if you cannot afford either?
At least while you can prepare and pay for funeral arrangements in advance.Or, Go To URNS R US, and get a $50.00 jar, and pay $1,500.00 for Cremation.
does this "jewrly" include those chinese made $0.50 trinklets sold on street corners?
It's called people are broke.
New AMERIKA
Will marry for IPAD and IPHONES
Will have sex for IAPPS
Nuf said,
I've got a stack of fiats haging on a bootlace around my neck.
That's the new treasure right?!
Well, the Mrs. has stopped buying jewelry since I cut her allowance.
http://vegasxau.blogspot.com
Jewelry = $3000/oz gold+ $5000/ carat junk gemstones. Any wonder?
An ex-friend calls them jewrocks and he will not buy any of them. When he told me that I called him an anti-semet and broke off all communications from that point forward.
Over.
a.k.a. the teachers union healthcare insurance