By Ralph Amato

I was at the JCK convention in Vegas last week for four days. In case you are wondering what “is” the JCK convention let me give you a quick overview. Basically, JCK is the largest annual convention in the US for jewelry manufacturers. There are over 4,000 jewelry manufacturers in the US. This year the convention was so large it was held both the Sands Convention Center and the Las Vegas Convention Center. There were so many exhibitors at the event that I couldn’t cover half of it in the four days I was there.

The buzz at the convention centered around Warren Buffets recent purchase of two jewelry manufacturers, Ber-Oro International and Aurafin, LLC. It appears Warren and I see the same thing. This industry is ripe for consolidation through a roll up strategy. Word is Mr. Buffet is planning to acquire additional jewelry manufacturers until he has amassed a group that can produce in excess of $1 billion a year in revenues. The two companies he is purchasing already have revenues of $500MM so he is half way there.

I will guarantee Mr. Buffet is not the only one who will be seeking to roll up this industry. I will have more information related to that statement in the next ten days.

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