IDEX Online Polished Price Changes – March 26, 2015

by Danielle Max

Price for both rounds and fancies continue to be broadly positive, with the majority of increases settling around the 3 percent mark.

Following are some of the main changes in this week's IDEX Online Diamond Price Report.

To receive a free copy of the full IDEX Online Diamond Price Report, contact prices@idexonline.com.

Rounds

  • 0.18-0.22 cts D-H / VVS1-VS1 up 2-3% J-K / IF-VVS1 down 3%-5%
  • 0.23-0.29 cts positive changes including F-H / VVS1+ up 2-2.5%
  • 0.30-0.39 cts a lot of positive changes including D-G / SI1-I1 up 2-4%
  • 0.40-0.44 cts many positive changes including D / I1+ up 3%
  • 0.45-0.49 cts J / VS1 up 2%, D / SI3-I3 down 2-4%
  • 0.50-0.69 cts changes including D-F / IF up 3% and K / VVS2+ up 2-4%
  • 0.70-0.79 cts changes including D-E / IF up 3% and K-L / I2 down 5%
  • 0.80-0.89 cts I / IF and K / SI2 up 2.5-3% and L-M / I1-I2 down 3.5-5.5%
  • 0.90-0.99 cts some changes including D-I / VVS2+ up 1-4%
  • 1.00-1.24 cts positive changes including D-F / SI1+ up 3%
  • 1.25-1.49 cts L / VVS2 up 2% and M / SI1 up 3%
  • 1.50-1.99 cts F-H / VVS1 up 3%
  • 2 cts E-H / VVS1 and E-F / VS2 up 3%
  • 3 cts changes including G / IF, I-K / VVS1 and L-M / VS1-SI1 up 3%
  • 4 cts H-I / VS2-SI2 up 3%
  • 5 cts H-I / SI2 and J-K / SI1 up 3% and L-M / VVS2+ down 3%

Fancy Cuts

  • 0.18-0.22 cts F / IF down 4%
  • 0.23-0.29 cts F / SI1 down 4%
  • 0.30-0.39 cts D / VVS2+ up 1-3%
  • 0.40-0.44 cts changes including D / IF up 3% and D and F / VVS2 up 2-3%
  • 0.45-0.49 cts H / SI2 up 4%
  • 0.50-0.69 cts many changes including G+ / VS1+ up 3-4%
  • 0.70-0.79 cts G+ / VVS1+ up 1-4% and D-F / VS1-SI1 up 1-3%
  • 0.80-0.89 cts positive changes including D-F / VS1-SI1 and G-H / VVS2+ up 3%
  • 0.90-0.99 cts many changes including H+ / VS1+ up 2-3%
  • 1.00-1.24 cts J+ / SI2+ up 2-4%
  • 1.25-1.49 cts some changes including D / VS1+ up 3% and I-J / VVS2 up 2-3%
  • 1.50-1.99 cts many changes such as K+ / VVS2+ up 2-4% except I / VVS2 down 1%
  • 2 cts positive changes including K+ / VS2+ up 2-3%
  • 3 cts D and E / VVS2 up 3%
  • 4 cts F / VVS2 up 3%
  • 5 cts E / VS2 up 3%
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Fana Launches Retail Portal

Fana has added a retail jewelry portal to its current website. The portal, created for retail jewelers and their sales associates, provides support for sales training, product details, and marketing resources for the brand. In addition, the portal allows for individual associates to track their performance and earn incentives.

“One of the most important members in Fana’s team is the sales associate, who is our ambassador in the stores,” said Vik Jain, co-owner at Fana. “We feel it is vital to give our retail associates the tools and information which enable them to educate the client about the workmanship and design influence of each Fana engagement ring. In today’s information-driven market, bridal customers demand their salesperson be well educated in the product, the designer, and market trends. The portal training allows us to keep the Fana brand and product message consistent at the counter.”

Fana retail associates can register for the portal at the website and then participate in a self-guided product knowledge presentation and training questions. They can then log in to the portal to register each Fana sale they complete and earn rewards on qualified transactions.

Jewelers who sell the Fana line can use the new portal to instantly access logos, product images, and advertisements. In addition, they will be able to order catalogs, posters, and other retail support material.

For more information about Fana and their collections, visit fanajewelry.com.

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Jewelry Industry Summit Scheduled for August in Chicago

The Jewelry industry community will present “The Jewelry Industry Summit”, from August 16-19 at the Palmer House in Chicago.

The industry-wide open forum, to which all are invited, will drive open discussions on sustainability and responsible sourcing. The goal is to create awareness of supply chain challenges and develop tools to take actions to mutually benefit the jewelry industry and create business opportunities and new sources of value for suppliers and the consumer.

The summit will be an interactive and facilitated discussion about important industry issues pertaining to business practices and the supply chain with the goal of ensuring that the jewelry industry will thrive in the 21st Century. Participants will include members of the diamond, colored gem and precious metal industries, trade associations, financial institutions, as well as those in the international communities. They will have the opportunity to shape the outcome of the discussions, and to develop tools to ensure that the industry can support the entire supply chain.

The planning committee members determined the importance of creating the summit in order to meet the expectations of the new consumer of today and their need for transparency. The potential of increasing interest by the government in regulating our industry also drove the interest in engaging in this discussion.

The mission statement for the Summit states: “Our community of individuals from all sectors in the jewelry industry seeks at the summit to develop a shared vision to meet the challenges, to sustain our business and to improve the supply chain for our products. The goal of the summit is to discuss challenges and opportunities in the jewelry industry that can better support everyone in the supply chain.”

The Summit will be funded by registration fees, contributions by individuals and companies, (large and small alike) as well as by a ‘crowd funding’ facility hosted on Indiegogo.com.

Please visit www.jewelryindustrysummit.com for summit Information and updates, registration to participate in the summit and to donate. Among other resources, the website provides information on current voluntary initiatives and required regulations pertaining to the supply chain for precious metals, colored gemstones and diamonds. Information about initiatives driving sustainability in other industries is also available. Contributions of additional material for this resource will be made as needed.

The planning committee members for the Jewelry Industry Summit represent all facets of the Diamond, Colored Gem and Precious Metal and Watch Industries. They are Ann Arnold, Ann Arnold Advisory Group;, Lita Asscher, Royal Asscher; Anna Bario, Bario Neal; Robert Bentley, Robert Bentley Company;, Mihir Bhansali, Firestar Diamond Inc.; Edward Boehm, Rare Source; David Bouffard, Signet Jewelers Ltd.; Eric Braunwart, Columbia Gem House, Inc.; Lisa Bridge, Ben Bridge Jewelers; Bruce Bridges, Bridges Tsavorite; Brandee Dallow, Rio Tinto Diamonds; Bill Farmer, Farmer’s Jewelry; Jeffrey Fischer, Fischer Diamonds, Inc.; Rebecca Foerster, Leo Schachter Diamonds, LLC; Karen Goracke, Borsheim’s; Stewart Grice, Hoover and Strong; Mark Hanna, Richline; Hayley Henning, True North Gems; Steve Hodgkins, Rolex USA; and Ferial Zerouki, DeBeers Group of Companies.

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Kirk Kara Takes JCK First Place Eight Years Running

Kirk Kara has made history as the only jewelry designer to win first place for eight straight years in the JCK Jewelers’ Choice Awards.

Two designs from Kirk Kara’s Pirouetta collection have taken top prizes in the category of Best Bridal Design in 2015.

First place winner in the Best Bridal Design, $5,001-$10,000 category: an elegant rose gold split shank engagement ring and wedding band set from the Pirouetta collection. It features 3/8 ct. t.w. diamonds. The signature handcrafted details include milgrain edging and filigree. The center 1.0 ct. round stone (shown) is a customized option. Design No. K133RR & K133R-B. Suggested retail: $5,810 for the set (center stone not included).

Finalist in the Best Bridal Design, $2,501-$5,000 category: a halo engagement ring from the Pirouetta collection. It features 3/4 ct. t.w. of diamonds. The signature handcrafted details include signature filigree, peek-a-boo diamonds, and rose gold accents. The center 1.0 ct. round stone (shown) is a customized option. Design No. K174C65RWR. Suggested retail: $4,600 (center stone not included).

The Jewelers’ Choice Awards recognize the best designs created by jewelry designers and manufacturers divided by price point and category. JCK announced the winners and finalists in the March 2015 issue of JCK magazine.

Please view the winning designs at www.kirkkara.com.

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