America's First Million-Dollar Home Shopping Jewelry Auction Airs March 1st on the Jewelry Channel.TV and Online Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. Seeks to Answer Million-Dollar Consumer Spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. Question AUSTIN, Texas -- On March 1, 2008, The Jewelry Channel (TJC TJC Tyler Junior College (Texas) TJC The Joint Commission (Oakbrook Terrace, IL) TJC Temasek Junior College (Singapore) TJC The Jockey Club TJC True Jesus Church ) will broadcast the nation's first $1M home shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. jewelry auction, The Million Dollar Extravaganza. From 9 PM until midnight Central Standard Time, TJC head of merchandising Sayed Haider and Michele Lau will auction on air and at www.tjc.tv 15 pieces of luxury jewelry, appraised in total at more than $1M, in the network's drop-auction format. "The Millionaire Extravaganza showcases TJC's commitment to high-quality, high-value luxury jewelry," said Haider. "We are able to offer these pieces at a significant value to our customers because TJC participates in the life of its gems from the day they are mined to the day they ship to the customer." The fifteen jewelry pieces for auction during The Million Dollar Extravaganza include a necklace featuring a 10.52-carat emerald pendant surrounded by 5.6 carats of diamonds, a sapphire-and-diamond bracelet with 18.71 carats of sapphires and a gold necklace featuring an 11.66-carat emerald set off by 14.26 carats of round and pearl-shaped diamonds. These items were hand-picked specifically for The Million Dollar Extravaganza and have never been sold before. "The Million Dollar Extravaganza addresses an important question in home shopping," comments TJC President Sri Burugapalli. "That is, will consumers buy high-consideration luxury items on air and online? We anticipate that viewers will tune in to this show in high numbers not only to see the jewelry and bid on these items, but also to find out the answer to this question and final sale price for these pieces." The Jewelry Channel began broadcasting on April 18, 2007, and offers viewers a new experience in home jewelry shopping. Hundreds of pieces of fine jewelry are auctioned daily. Sales through the channel are in the "price-drop auction format," which means the price for an item will fall periodically until the entire quantity of the item has been sold or the time limit has been reached. In addition to live programming, the channel also runs short documentaries about jewelry setting and aspects of the jewelry business. The Jewelry Channel reaches more than 33 million viewers via Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Stations, DISH Network See DBS. Channel 218 and DirecTV Channel 226. NOTE TO EDITORS: Photos of items for auction available upon request. About The Jewelry Channel The Jewelry Channel is committed to bringing U.S. customers the best quality jewelry at the most competitive prices via broadcast outlets. The Jewelry Channel is a wholly-owned subsidiary of VGL VGL Vergleich (German: comparison) VGL Very Goodlooking VGL Very Good Looking Group, a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. with headquarters in Jaipur, India. Headquartered in Austin, Texas, The Jewelry Channel can be found online at www.tjc.tv. |
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