Gems TV

Gems TV was a jewellery manufacturer and reverse auction TV shopping network headquartered in Chanthaburi, Thailand. It began its operations in October 2004 in the UK, and then expanded to Germany, America, Japan and China. Gems TV was formed from the merger of Thaigem Limited and Eagle Road Studios, which formed Gems TV UK Limited, which eventually became a subsidiary of Gems TV Holdings Limited when the company expended to other countries.

For the fiscal year ending 30 June 2009, revenues amounted to $162.16 million, down 31% from the previous year, with a gross profit of $53 million.

Since the closure of Gems TV USA and the sale of Gems TV UK and Gems London (Gems TV Japan) in 2010, the company no longer focuses on jewellery production and the sales through their own shopping channels.

History

Gems TV began in October 2004, in the UK from the joint venture of Eagle Road Studios and Thaigem. The partnership came about from Thaigem initially stocking Eagle Road Studios' channel Snatch It! and after the success of the jewellery on the channel, one of Eagle Road's other channels Factory Outlet was replaced with 'Gems.tv'. Eagle Road Studios ran the channel alongside 'Deal Of The Day' and 'Snatch It!'.

Gems TV (UK)

Gems TV is a British reverse auction jewellery shopping channel, officially the first reverse auction in the UK. The channel is available on Sky, Virgin Media, Freesat, Freeview and online. The channel operations are based at Eagle Road Studios in Redditch, near Birmingham. As of 2013, the channel broadcast live 24 hours a day.

History

Gems TV first launched at 4pm on 8 October 2004, after the channel was formed by the five founders of Eagle Road Studios and Thaigems. The channel replaced Factory Outlet on Sky channel 663. The reverse auction format for the channel was based around Eagle Road Studios now defunct sister channel, 'Snatch It!'.

The channel was an independent company until the merger of Eagle Road Studios and Thaigem, which formed 'Gems TV UK Limited'; the original founders left the company and in 2008 floated on the Singapore Stock Exchange and become a corporate company; Gems TV Holdings Limited.

The channel's original purpose was to sell affordable gemstone jewellery manufactured by its production facilities in Chanthaburi, Thailand. To reduce costs the parent company later reduced its own manufacturing and bought in jewellery from other suppliers.

Gems TV (USA)

Gems TV was an American reverse auction jewelry shopping channel. The channel was available on DirecTV, Dish Network and other local networks. The channel operations were based at Reno, Nevada.

History

Gems TV launched exclusively on DirecTV. On January 15, 2007, Gems TV also became available through select cable providers in the U.S. and some TV affiliates such as KLDT in Lake Dallas, Texas. The channel was also streamed live on the website. On August 30, 2007, Gems TV became available on Dish Network.

Bankruptcy and closure

In March 2010, it was announced that the US operation would close and be wound down. On April 7, 2010, Gems TV USA filed for Chapter 11 bankruptcy, blaming the tough economic conditions. Gems TV ceased broadcasting on April 15, 2010. The website and customer service team continued operating until May 6, 2010.

Gems TV Holdings acquired a stake in rival jewelry channel, Jewelry Television.

Criticism

On February 1, 2010, the manufacturing operations at its factory in Chanthaburi, Thailand were closed down due to the change in sourcing and manufacture. The new strategic decision to fully outsource its gemstone jewelry supply was aimed at reducing operating costs, increasing supply, improving manufacturing flexibility and the main reason of increasing profit margins. This was one of the principles the company was originally well known for - Going direct to the mines and handcrafting gem set jewelry in their own in-house facilities. The consequence of this has resulted in a large number of redundancies.

Gems

Gems or GEMS may refer to:

Gems

GEMS

Gems (Michael Bolton album)

Gems - The Duets Collection is the 21st studio album by American pop singer Michael Bolton. The album was released on Montaigne Records / Legacy Recordings / Sony Music on 21 June 2011. It features productions by acclaimed songwriters, producers and musicians including A.R. Rahman, David Foster, Dann Huff and Rudy Perez.

Track listing

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