Jewelers’ Mercantile Agency, Ltd. began operations and published first credit reference book for the jewelry industry; in New York City.
New York Jewelers’ Association founded in New York City.
Chicago Jewelers Association organized. Transferred activities to Jewelers Association and Board of Trade in 1904.
Manufacturing Jewelers Board of Trade established in Providence, Rhode Island merged with National Jewelers Board of Trade.
The Jewelers Safety Fund Society was organized.
New York Jewelers Board of Trade organized in New York City by diamond importers and jewelry manufacturers. Merged with New York Jewelers Association.
The Jewelers Association of Cleveland was organized.
New York Jewelers’ Board of Trade absorbed the Jewelers’ Mercantile Agency, Ltd., and assumed publication of its credit reference book.
National Credit Men’s Association.
The Jewelers Association and Board of Trade in New York City was established representing a merger between the NY Jewelers’ Association and the NY Jewelers’ Board of Trade.
The credit reporting and collection departments of the Chicago Jewelers Association were taken over by The Jewelers Association and Board of Trade, as a Chicago-based branch office.
The National Jewelers Board of Trade in New York City, the new name assumed by The Association and Board of Trade came into being. It opened branch offices in San Francisco (1912), Cincinnati (1913), and in Providence (1919).
Offices of the Manufacturing Jewelers Board of Trade were moved from the Wilcox Building to the 4th floor of the Turks Head Building.
Title of the weekly bulletin to members was changed to “Service Bulletin”.
After long and careful consideration, it was decided that the National Board of Trade should follow the up-town movement of the jewelry industry and the offices were moved to 22 West 48th Street, New York City. The building at that address was named “The National Jewelers Board of Trade Building”.
Buyers’ Service consisted of notification being given daily of buyers arriving at Providence hotels. In 1929, 379 and in 1930, 372 jewelry buyers had notice of their arrival forwarded to our interested members.
The Jewelers Board of Trade, created by a merger between the Manufacturing Jewelers Board of Trade and the National Jewelers Board of Trade, was established, with its main offices in Providence.
The “Fighting Fund” of the National Jewelers Board of Trade was transferred to the Manufacturing Jewelers Board of Trade in July, 1936.
60% of claims paid in Free Demand. Total $491,293.68 placed.
A few memberships have been discontinued, by reason of the invasion of Holland and Belgium in World War II.
Continuous Service established.
Discontinued listing of Optometrists in the Reference Book.
A surprise luncheon was given at the Waldorf Astoria Hotel, in NYC, to honor Mr. James McDermott, Asst. Secretary, who served JBT for 50 years. At that time, Mr. Louis A. Kimball was recognized for his 55 years of faithful service in the New York office.
64.7% of claims submitted was collected in Free Demand. An operating loss sustained by the Collection Department was directly attributable to this large percentage collected with no charge to the members.
New Names Bulletin created and published weekly.
“Time-Saving Stickers” created for members to place on past due statements. This sticker, requests JBT to make demand on the member’s delinquent customer.
JCK publishes an article “How The Jewelers Board of Trade Helps You”.
Installation of Western Union Direct Wire Service between the New York and Providence Offices.
18 Creditors’ Committees formed by JBT to settle the financial difficulties of jewelry debtors in temporary financial trouble. Total liability involved and handled by JBT Adjustment Department totaled $2.5 million.
Credit Interchange system created for the Metal Findings Manufacturers Association.
Research Department handled 1,600 inquiries.
13 Creditor’s Committees handling $3.6 million.
JBT attends the first World Federation Diamond Congress in New York City.
Moved from the Turks Head Building in Providence, where the Board was located for the past 55 years, to the Danecraft Building at 24 Baker Street, Providence.
Introduced Accelerated Collection Service enabling members, when an account become past due, to mail immediately a “Free Demand Notices” directly to delinquent customers.
The Red Book now published by a computer from magnetic recording tape. A Telex network between NY,
Chicago and Providence, and an indexed master filing system was established in Providence.
Mailing labels now available based upon information in Red Book.
JBT forms an Industry Committee of Credit Information Exchange created to study feasibility of electronic interchange of trade data.
JBT sponsors 4 Creditors’ Committees, $2.2 million.
23 jewelry companies with $10 million in debt file for bankruptcy.
The new Electronic Credit Interchange Program is launched as a valuable source of credit data. Five contributors and about 12,000 items of information are submitted each month.
Data automation project including establishment of data files and screen entry programs to provide faster, more accurate service to JBT members.
JBT welcomed its 2,000th member.
Adjustment Department – 3.5 million.
Adjustment Department, $8,989,006.
Credit reports generated by new HP3000 computer system.
445 new members – highest annual total in JBT history.
First BOD meeting outside of RI (NYC).
JBT began publishing Jewelry Industry Vital Statistics and Trends Data. New businesses, total businesses by classification, rating changes, claims placed and failures.
Branch offices opened in Dallas, Texas and Miami, Florida. Added phone numbers in Red Book.
Installed first fax machine in Providence.
JBT Credit Hot Line launched “Talking Red Book” with over 10,000 inquiries received.
Dallas and Miami offices closed.
New computer system installed.
JBT relocates headquarters to Warwick, RI building.
CD Rom edition of Red Book is published.
Closed Chicago office.
JBT Website was established. New Claims & Bankruptcy Report created.
JBT begins migration to new IT platform including new collections software and relational database. Members now monitor collection claim status on line.
JBT celebrates its 120th year. JBT completes major migration to new IT Platform and rolls out new credit report format.
Enhancements to Rating System allowing for standalone Payment Scores and applying Other Condition codes where capital ratings cannot be assigned. Rebrand/logo of to reflect more advanced services.
International membership initiatives launched including Mumbai/Hong Kong outlets.
Monthly industry overview report rolled out in Weekly Alert.
Website redesigned and upgraded including launch of two new services: Credit Watch and Advanced Search.
CreditShare online platform launched for members to report memo, returns merchandise and other credit related information.
Closed New York office after 75 years.
JBT Launches a Mobile App for Red Books.
Claim status accessible via members’ only website
JBT launches ‘Rating Watch’ credit report monitoring for retailers.
USB version of the Red Book published.
JBT offers Prime Marketing lists utilizing US Census Data.
Introduced membership category for Retailers.
Credit Reports redesigned showing payment pattern and performance charts highlighting trends in trade payments.
Pre COVID-19 credit rating captured to reflect post and future conditions.