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Industry vet creates business-valuation practice

December 05, 2008

 

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Richmond, Va.--Industry veteran Daniel Pharr has announced the establishment of a new business-valuation practice aimed at family-owned and closely held businesses operating in the jewelry industry.

Valuations through the company, Pharr Valuation and Business Services LLC, can be used for structuring succession planning, estate and gift tax strategies, the purchase or sale of a business, buy/sell agreements and initial public offerings.

In addition to valuation services, the company will also offer related business and financial consulting.

Pharr is a Certified Valuation Analyst and a Certified Public Accountant with a 30-year history in the jewelry business. Most recently, he served as executive vice president and chief financial officer of industry supplier Hoover and Strong.

Pharr has also been active in leadership of the industry, and is a member and past chairman of the Jewelers Board of Trade and a member of the Jewelers Vigilance Committee.

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India's jewelry industry reaches out to terror victims

December 05, 2008

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More than 500 people gathered at a jewelry industry event held over the weekend in Mumbai, India, to mourn those lost in the terrorist attack.

Mumbai, India--India's leading jewelry-industry associations are banding together to help the families of those killed or injured in the Mumbai terrorist attack last week.

The Gem and Jewellery Export Promotion Council (GJEPC), together with the Bharat Diamond Bourse, Mumbai Diamond Merchant's Association and the Diamond Exporter's Association Limited, are using the industry charitable trust, the Gem and Jewellery National Relief Foundation, to collect Rs. 50 lakhs (about $5 million) for those affected by the attacks.

Speaking on behalf of the industry, GJEPC Chairman Vasant Mehta said, "I strongly condemn this cowardly act of terrorism in Mumbai and salute the brave officers who have sacrificed their lives to help us overcome this crisis. The industry's thoughts and prayers are with the families of victims; may they find the strength to overcome their monumental loss."

On Nov. 29, the industry offered condolences and prayers to the attack victims during a ceremony held at Prasad Chambers in Mumbai. More than 500 people observed a moment of silence for those lost in the attacks.

Hundreds were killed and injured in the attacks, which took place in various places around Mumbai--including a train station, two five-star hotels and a Jewish center--beginning the night of Nov. 26.

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Posted : Fri, 05 Dec 2008 11:01:08 GMT

Author : TX-JAMES-AVERY

Category : Press Release

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KERRVILLE, Texas - (Business Wire) James Avery, a family-owned jewelry retailer, announces today the unveiling of the White House Christmas Tree Ornament designed by Mr. James Avery, founder and chairman emeritus of James Avery Craftsman, Inc. The ornament was unveiled at the White House on December 4, 2008.

The invitation to design an original ornament for the White House came from Texas Senator Kay Bailey Hutchison. This Christmas marks the first year of the Bush administration that Senators and Congressmen were given the chance to select an artist from their represented state.

With instructions and a plain, silver ornament from the White House, Mr. Avery worked for several months creating the design for his ornament. The completed, hand-painted ornament artistically represents Texas in all of its rich beauty and heritage -- the Texas flag waving proudly over the Alamo representing the lives lost and freedom won; a Longhorn steer symbolizing the state’s ranching heritage; a gushing oil well to show the new way of life it brought to the state; and a red-ribbon wrapped Texas, representing the precious treasure that is the state’s history, both past and present.

“It is indeed an honor that I was given this wonderful opportunity by Senator Hutchison to, in a small way, represent the great state of Texas,” said Mr. Avery.

His ornament will also be featured on Sen. Hutchison’s Christmas cards this holiday season.

About James Avery - James Avery, a family-owned jeweler in the Texas Hill Country, offers hand-crafted jewelry in sterling silver, white, 14- and 18-karat gold and gemstones. Based in Kerrville, Texas, James Avery maintains 1,100 designs and 14,000 separate combinations of jewelry designs, materials, and sizes in the active product line. Each James Avery design is crafted at one of five hill country workshops. James Avery operates 48 stores in Texas, Georgia, Oklahoma, Colorado and Louisiana. James Avery jewelry is available at retail stores, through mail order and on the internet at www.jamesavery.com.

James Avery

Kendi Skeen, 830-895-0390

kendi.skeen@jamesavery.com

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