From lighter color palettes to the integration of AR, experts offer inspiration for jewelers in need of an aesthetic refresh.
S.D. Asks Supreme Court to Take Up Online Sales Tax Issue
South Dakota’s attorney general wants the nation’s highest court to revisit the now 25-year-old ruling that impacts internet sales today.
Washington--South Dakota’s attorney general has filed a petition asking the U.S. Supreme Court to reconsider the ruling that stands in the way of allowing states to effectively collect sales tax from online sellers.
Quill Corp. v. North Dakota was handed down in 1992, prohibiting states from imposing sales tax requirements on vendors with no “physical presence” in the state.
In the petition, state Attorney General Marty J. Jackley states that the original ruling in Quill was made to ensure that undue burden wasn’t placed on national mail-order retailers that put them at a competitive disadvantage when compared with their brick-and-mortar competitors.
In the 25 years since the ruling, however, a lot has changed, and it is now states and brick-and-mortar retailers that are at a disadvantage, the petition argues.
It points out that today, billions of dollars’ worth of products are sold online each year, but state and local governments are missing out on tax revenues because they cannot require out-of-state sellers to collect tax.
The petition puts the annual revenue lost by South Dakota at somewhere between $21 million and $50 million-plus, a “huge sum in a small state.”
The Marketplace Fairness Coalition, which recently released a state-by-state accounting of lost revenue, calculates the losses nationwide at $211 billion through 2022.
In addition, brick-and-mortar retailers are losing business and being forced to cut margins to compete with online sellers that aren’t charging sales tax.
“Quill clearly needs to go,” the petition states. “After 25 years of technological progress and economic changes, it has proven entirely out of date.”
It asks the Supreme Court to revisit Quill and eliminate the physical presence requirement.
Jackley filed the petition Tuesday, one day after the Supreme Court’s current term began.
It originated from a law passed by the South Dakota state legislature that was ultimately shot down by the state Supreme Court but was, observers say, a deliberate attempt by state legislators to get the issue of internet sales tax in front of the Supreme Court.
The U.S. Supreme Court’s current term runs through June 2018, and oral arguments are scheduled to be heard until April 25, 2018.
The Latest
Sotheby’s will auction jewelry belonging to the “Diamonds Are Forever” singer in Paris this October.
Sherry Smith shares tips for fostering successful vendor-retailer partnerships, from marketing investment to fast-seller replenishment.
GIA®’s most advanced microscope has new features to optimize greater precision and comfort.
Herold has been with the organization for 22 years and will continue in her current role of conference director.
“Fancy Studs” will feature revamped branding and a new lab-grown diamond fine jewelry collection.
Nivoda and Liquid Diamonds both have big plans for the new capital.
Despite the rising prices, consumers continue to seek out the precious metal.
The 2024-2025 edition features new colors and styles, as well as storytelling elements.
From moringa to ecotourism in the Okavango Delta, the country and its leaders are exploring how Botswana can diversify its economy.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.