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Wednesday, February 8, 2017

The Plumb Club Says It Has A Plan For Growth

The Plumb Pavilion at the JCK Las Vegas jewelry trade show

The Plumb Club—a coalition of jewelry, diamond and watch manufacturers—says it has a three-year plan to expand its membership base through “trade show involvement, member branding opportunities, industry leadership roles, responsible sourcing and best business practices, and marketing and communications to enhance” its brand.

The Plumb Club’s 42 firms account for 20 percent to 25 percent of the $8 billion dollar domestic fine jewelry market, according to the organization. It is perhaps best known for its exhibition pavilion at the annual JCK Las Vegas Show.

One key change will be opening its membership to companies beyond those that exhibit at trade shows. The organization says this will grow its influence, ensure that all product categories are represented and generate added retail support. 

The Plumb Club logo
In addition, the group plans to establish representation on the boards of select industry non-profits and also will require members to comply with responsible sourcing principles by either completing Responsible Jewellery Council certification or its own internal compliance requirements.

“What’s remarkable about The Plumb Club is that it’s the only U.S. trade association of important jewelry, diamond and watch suppliers whose members pool their resources and knowledge to improve our business environment by connecting with retailers, doing business responsibly, and helping to determine policies that will positively impact the future of the jewelry industry,” says Jonathan Goodman Cohen, president of The Plumb Club. “Our members have exceptional expertise and experience in product development, manufacturing, marketing, and distribution.” 

Suppliers interested in becoming Plumb Club members can contact Lawrence Hess, executive director, at 201-816-8881 or by following this link

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