High-end jewelry has been taking it on the chin lately. We've supposed some seal tier jewelry arrange businesses file for bankruptcy and now one of my favorites has gone Chapter 11. National Jeweler reports that Henry Dunay Designs filed at the U.S. Bankruptcy Court of the Southern District of New York in Manhattan referring that it has 100 and 199 creditors with supplies between $1 million and $10 million and obligations between $1 million and $10 million.
I had a chance to outlook Henry Dunay's strategies at the JCK demonstrate in Las Vegas in 2008 and find Mr. Dunay personally. He's no newcomer to the jewelry world, He commenced as an apprentice at the age of 14 in New York and has spent through 50 years in the jewelry finance, launching Henry Dunay Designs behind in 1965. Since afterward he was won dozens of awards for his strategies (including being called the world's best jewelry designer by the Robb Report in 2000 and 2001) and his details have arose in countless magazine spreads and in his coffee office desk retain, "Henry Dunay A Precious Life."
For jewelers dealing in couture arrange, this economy has been principally brutal. Materials surrounding gold and gemstones reach to be expensive, demonstration expenditures are alarming but sales are falling. Dunay sells in outlets which have been experiencing lessened finance surrounding Neiman Marcus and Bergdorf Goodman. Hopefully Henry Dunay Designs will be able to survive this severe patch and receive behind to the finance of generating adorable jewelry.
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