National Jeweler Network

Market Developments

New service lets retailers see their JBT rating

April 04, 2014

Warwick, R.I.--The Jewelers Board of Trade has launched a service that will allow non-JBT members to monitor and manage their credit profiles with the organization.

Called “RatingWatch,” the annual subscription service was developed with independent retailers in mind who have not joined the JBT and don’t have access to full member benefits.

RatingWatch subscribers will receive an electronic monthly credit report snapshot that allows them to see their credit rating, their JBT ID, how many times their report is being ordered and key business data on file with JBT.

The service costs $199 a year and stores can pay by credit card. The JBT is offering a year one partner discount for verified members of certain trade associations, including the American Gem Society.

“Without compromising the confidential nature of JBT members’ exchange of credit information, this service allows retailers to readily know their credit rating, their JBT ID, how many times their report is being ordered, and key business data on file with JBT,” said JBT President Dione Kenyon. “JBT RatingWatch data helps subscribers better manage their business partner relationships, including those with vendors, service providers and major trade shows that utilize JBT in their qualification process.”

For additional information on RatingWatch, call the JBT at 401-467-0055, visit JewelersBoard.com or email JBTRatingWatch@jewelersboard.com.