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From Wikipedia, the free encyclopedia

Gems TV
Gems TV 2008 logo.png
LaunchedNovember 29, 2006
ClosedApril 15, 2010
Owned byGems TV Holdings Limited
Picture format14:9 Of 16:9 and 4:3
CountryUnited States
Websitewww.gemstv.com
Availability At Time of Closure
Terrestrial
TerrestrialChannel 7 and 10
Satellite
Satelite6
Satrun4

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 in Reno, Nevada.

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  • ✪ THE RAREST GEMSTONES IN THE WORLD

Transcription

Contents

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 Great Recession.[1] Gems TV ceased broadcasting on April 15, 2010. The website and customer service team continued operating until May 6, 2010.

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.[2]

DirecTV has filed a lawsuit against Gems TV (USA) Limited, claiming that Gems TV refused to pay their satellite bills.[citation needed]

References

  1. ^ "Diamond World: GemsTV files for Chapter 11 bankruptcy protection". April 7, 2010. Retrieved April 11, 2010.
  2. ^ "Gems TV Outsources Gemstone Jewelry Supply". Gems TV. 2010-02-02. Italic or bold markup not allowed in: |publisher= (help)

External links

See also

This page was last edited on 23 September 2019, at 11:01
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