Jeweler stays a step ahead of rising costs

09/7/2010 | Forbes

In the 1990s, Ben Yep had a thriving jewelry business with a 10,000-square-foot factory in the heart of Manhattan's Diamond District. But his competitors' cheap overseas labor made Yep's jewelry increasingly expensive by comparison, and in 2002 he moved his family to Hong Kong and most of his manufacturing to China's nearby Guangdong province. With lower overhead he could supply diamond jewelry pieces to mass marketers such as Wal-Mart for about $100 each, but rising costs in China have led to yet another move for the $30 million company -- this time to India.

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