The IDEX Online Polished Price Report for July 24

Even fewer changes were sees this week in round diamond prices, according to the weekly IDEX Online Price Report. Most changes were seen in the very smallest sizes and were mostly negative.

 

Moving on to fancy shape diamonds, and the majority of movement was seen in mid-size diamonds, with most changes being negative.

 

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

 

To receive a free copy of the full IDEX Online Diamond Price Report, please email us at prices@idexonline.com.

 

Rounds

 

  • 0.18-0.22 cts D-I / SI2 declining by 3-5%

  • 0.23-0.29 cts three changes, two up, one down

  • 0.30-0.39 cts unchanged

  • 0.40-0.44 cts G / IF -3.2% to $3,050 p/c

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts two changes, one up and down

  • 0.70-0.79 cts M / VVS2 -2.4% to $2,050 p/c

  • 0.80-0.89 cts unchanged

  • 0.90-0.99 cts H / IF -2.6% to $7,500 p/c

  • 1.00-1.24 cts N / SI2 +4.6% to $2,300 p/c

  • 1.25-1.49 cts two changes, one riser and one decliner

  • 2 cts unchanged

  • 3 cts D / SI1 +3.1% to $26,400 p/c

  • 4 cts E-F / SI1 declines of 3%

  • 5 cts F / VVS2 -3.0% to $67,600 p/c

 



 

Fancy Cuts

 

  • 0.18-0.22 cts D-E / VS2 rising by 3-4%

  • 0.23-0.29 cts D / SI2 rising by 4%

  • 0.30-0.39 cts E-F / VVS1 declining by 2%

  • 0.40-0.44 cts mostly declining

  • 0.45-0.49 cts many declines in better colors, lower clarities

  • 0.50-0.69 cts D / I1-I2 declining by 2-3%

  • 0.70-0.79 cts declines in medium colors and clarities

  • 0.80-0.89 cts J / SI1-I1 rising by 2-3%

  • 0.90-0.99 cts just one change, downwards

  • 1.00-1.24 cts many decliners in better colors and clarities

  • 1.50-1.99 cts H / IF -3.3% to $8,800 p/c

  • 2 cts two risers and two decliners

  • 3 cts D / SI2-I1 rising by 2-3%

  • 4 cts D / VS1-SI1 declining by 2-3%

  • 5 cts two changes, one up and one down

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

Albert Robinson is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Albert has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Govind Dholakia Honored for Lifetime of Achievements

Govind Dholakia, second from left, accepts congratulations for his Lifetime Achievement award.

Diamond merchant Govind Dholakia has won the 2014 Lifetime Achievement Award from Retail Jeweller India.

Dholakia started his career in 1964, at age 13, working as a diamond cutter. Seven years later he founded Shree Ramkrishna Exports, now one of the largest privately owned diamond companies in the Industry.

In addition to his commitment to the diamond industry, Dholakia is a philanthropist who is keen to contribute to the region where he has spent most of his career.

On the Occasion of his 50-year celebration, Dholakia announced his gift to Surat City -- a world-class diamond education center called the S.R.K. Knowledge Foundation.

Speaking on the occasion, Shreyans Dholakia, Director, SRK Export, said, "I have always seen my father as an extraordinary range of talent and experience with a united commitment to drive the company to unprecedented levels of accomplishment. We could not be in better hands. He is a visionary and pioneer as well as indigenous personality taking the lead and developing home grown solutions to all our problems”.

Add a comment

GJEPC Hosts “Jewellers for Hope” Dinner

India’s Gem and Jewellery Export Promotion Council, in association with Gemological Science International, recently organised a “Jewellers for Hope” charity dinner in Mumbai. Leading Bollywood celebrities Kajol, Boman Irani, Siddharth Roy Kapur attended the evening, hosted by Raageshwari Sachdeva-Badola. The “Jewellers for Hope” annual charity dinner is the first edition of GJEPC's commitment towards the betterment of the society. Through this initiative, GJEPC would like to spread the message that for businesses to be successful, society around it cannot fail. An industry built on trust, an industry involved in numerous social activities, now comes together to create awareness about GJEPC’s philanthropic initiatives in India. More than 30 leading manufacturers and 260 leading Indian retailers were present at the gala dinner. Some of the retailers present at the charity dinner were TBZ, Titan, PC Chandra, Reliance, Joyalukkas, Orra, PN Gadgill, Senco, GRT, PGI, ForeverMark, GIA, Anmol, Hazoorilal and Khurana. Vipul Shah, Chairman, GJEPC, said, “We are delighted to host this prestigious charity dinner. In doing, so we will, hopefully, raise awareness, with our first of many charity events and we hope to raise as much for worthwhile causes and also create awareness about the gems and jewellery industry's philanthropic initiatives. This dinner provides an opportunity for all of us to talk business and also work together for the enhancement of the society.” Colin Shah, Convener of the Jewellery Panel, GJEPC, said, “GJEPC have put together an outstanding evening. We are very grateful that the funds raised were donated to the foundation to enable us to continue the good work. At GJEPC, we know that most of our trade members are extremely generous and have been associated with various CSR activities at an individual and at a company level. Although the reasons and recipients of their generosity may vary we applaud the ‘act of giving’. Our association with Make-A-Wish is a step in that direction, the objective is to brighten a few moments in the life of incurably ill children in India.” Mr. Mark Gershburg, CEO, GSI. said, “We have a long tradition of social responsibility and it is reflected by its long-term commitment with “Jewelers For Children”. We believe that we require little time and effort to make a big difference. There is a need for corporations, individual donors and all like-minded people to come forth with generous contributions for such noble causes and I am grateful and glad to be a part of this.” Add a comment

Steven Singer Shows “Celebrity-Worthy” Diamond

Steven Singer Jewelers will display a celebrity-worthy 10-carat radiant-cut diamond during a very special VIP event on Sunday July 27th from 10am – 5pm. Valued at over $300,000, this is a once in a lifetime opportunity to see the brilliance and sparkle of a rare diamond up close and personal. A diamond of this caliber is sophisticated enough to have graced the finger of Marilyn Monroe, Grace Kelly, or Elizabeth Taylor. This high quality radiant cut diamond will be on display for one day only during Steven Singer Jewelers VIP event. Visitors can see the diamond on display at the showroom located at the Other Corner of 8th and Walnut in Center City Philadelphia. Founded in 1980, Steven Singer Jewelers is located in the heart of Philadelphia’s Jewelers Row. Add a comment

JA Lists New Dates for Winter Show

JA New York will host its annual winter jewelry show from January 18 to 20, several weeks earlier than previous winter shows in an effort to meet industry demands for a stand-alone show that won’t overlap with any other trade event. Show organizers also felt that the new date would benefit retailers following the Christmas season. “As always, we remain committed to doing what’s best for the industry as a whole and, more specifically, for our customers,” said Drew Lawsky, the group show director for JA New York. “With other trade events competing with our original March dates, we adjusted our dates to accommodate our customers’ schedules and quell any concerns they may have about making a difficult decision regarding what show(s) to participate in or trying to be in two places at once.” Additionally, by maintaining a three day show, the JA New York Winter Show will remain convenient for both exhibitors and retailers who are allowed limited time away from their stores and offices, organizers contended. Add a comment

ArtCarved Unveils Autumn Campaign

ArtCarved has announced its Fall 2014 “Live for the Moments” multi-channel campaign that celebrates authenticity and features real couples, true emotions and special moments that the millennial consumer can relate to. The integrated campaign kicks off this week with an interactive social media campaign featuring a series of video episodes that capture the love and life moments of real couples. The social-media campaign is a series of video episodes that share the big and small moments of the brand’s two real couples. The videos will be released and promoted on the ArtCarved Facebook page on Monday and Wednesday afternoons every other week through the end of the year. To further engage the consumer, the brand will launch a two-month “Put a Ring On It” promotion from September 1st through October 31st, which will offer a drawing for an engagement ring or a pair of wedding bands valued at $5,000. For more information, visit www.artcarvedbridal.com. Add a comment

Paco Underhill to Speak at The SMART Jewelry Show

Best-selling author and retail environment expert Paco Underhill will deliver the keynote address at The SMART Jewelry Show on Saturday, April 18, at 8:30 a.m. Drawing on his 20 years of experience studying the buying habits of shoppers around the world, Underhill will give retail jewelers ideas for creating a physical environment and store personality that fits the needs of their market’s demographics. "Paco has been a huge source of inspiration for INSTORE fans for years," said Cindy Chandler, associate show director. "We're excited to give our audience the chance to learn some valuable ideas directly from the man himself. For jewelers interested in learning new ways to increase their bottom line, this is one event that can't be missed." Underhill's first book, “Why We Buy: The Science of Shopping,” was an internationally recognized bestseller. His most recent book, “what Women Want,” addresses the power of the female shopper, and his editorials have appeared in The New York Times, Money Magazine and The Wall Street Journal. As the founding president of Envirosell, a behavioral research and consultancy firm, Underhill helps optimize commercial environments for companies like Microsoft, McDonald’s, adidas and Estee Lauder. The SMART Jewelry Show, now in its seventh year, gives retail jewelers the opportunity to shop 500 booths of products in every key category while also learning techniques to improve their marketing, sales, inventory management and more. The 2015 show takes place April 18-20, with a full day of education sessions on Friday, April 17. Add a comment

Zenith Hosts LA Party with Russell Westbrook


Aldo Magada- CEO of Zenith Watches and Russell Westbrook

Zenith Timepieces CEO Aldo Magada recently premiered the latest Zenith timepieces and celebrated the opening of the new Zenith shop-in-shop at the Westime Boutique in West Hollywood.

NBA All-Star and Zenith Brand Ambassador Russell Westbrook was there for the debut of the Russell Westbrook Limited Edition Pilot Type 20 Annual Calendar. The watch is available exclusively at Westime.


Pilot Type 20 Annual Calendar Tribute to Russell Westbrook, $11,900

Add a comment

SmartWork Media Wins Seven Publishing Awards

SmartWork Media won seven Tabbie Awards in the 2014 competition, bringing its 11-year total of editorial and design awards to 66.

In addition to recognition for the editorial and design work in individual articles, SmartWork Media also claimed two top-25 spots for the best single issue, including wins for the May 2013 edition of INDESIGN magazine and the Sep./Oct. edition of INVISION, a magazine for eyecare professionals that launched last year.

"Our first goal is always to provide American businesses with the most useful, most interesting publications possible," says SmartWork Media's group editorial director David Squires. "But recognition for our terrific staff is always welcome. I think this year's TABPI success is a pretty good sign that we're doing the right things to get our readers a publication they will continue to value."

SmartWork Media's magazines have also been recognized by the Folio Awards, min's Editorial & Design Awards, Jewelry Information Center, and the Jesse H. Neal Awards.

SmartWork Media won the following 2014 Tabbie Awards:

  • Best Single Issue - Top 25 (16th): INVISION, Sep/Oct 2013
  • Best Single Issue - Top 25 (22nd): INDESIGN, May 2013
  • Feature Article - Top 25 (8th): INSTORE, February 2013, "Pay Day" by Eileen McClelland
  • Focus/Profile - Honorable Mention: INSTORE, April 2013, "Fun on the Plains" by Eileen McClelland
  • How-To Article - Honorable Mention: INSTORE, July 2013, "100 Things a Jewelry Salesperson Should Never Do" by Josh Wimmer
  • Feature Design - Bronze: INSTORE, July 2013, "100 Things a Jewelry Salesperson Should Never Do" by Karla Durangparang & Victor Cantal
  • Opening Page or Spread - Silver: INSTORE, November 2013, "Many Thanks" by Victor Cantal

The 2014 Tabbie Awards featured more than 450 entries, with nominations coming from the U.S., Canada, the U.K., Australia, New Zealand, Singapore and South Africa.

Presented by Trade, Association and Business Publications International (TABPI), this editorial and design competition was open to English-language B2B publications worldwide, published at least quarterly.

Complete results, along with selected comments from the judges and samples of the winning entries, are available at www.tabpi.org.

Add a comment

Indian Institute Graduates Show Designs

The opening show on Day Three at the India International Jewellery Week 2014 presented by Nazraana in association with P C Jeweller, featured talented graduates from the Indian Institute of Gems and Jewellery, Jaipur, presented by Derewala World Jewellery, Jaipur.

The “Astitva” collection, presented by the 21 designers who showed one ornament each from the Indian Institute of Gems and Jewellery, Jaipur, was in two segments.

The first was a tribute to architecture from the various regions of the country.

Side-ribbed cuff with gold chains, the modern question mark design for earrings, South Indian motifs for pendants and the pink silk tassel edged in gold caps hanging on a thread were interpretations of the theme.

A peacock-inspired pendant had a contemporary touch, and the 3D flower creation, as well as the coral and gold necklace, revealed how creatively the students had given vent to their ideas.

The second sequence was an ode to the beauty of City Palace Jaipur and its architecture.

Minarets appeared on armlets, and danglers had intricate shields. Kadas had a raised dome structure, while necklaces had palace carvings. Pearl trellis earrings, lacy kada, chandbalis with streamers of pearls and a kandeel pendant on a string of beads all recreated the grandeur of the palace.

The Indian and fusion outfits seen during the show were designed by Muni and Girija.

 

Walking the ramp after the show were Mr Pramod Derewala, Chairman, IIGJ Jaipur; Mr Rajiv Jain, Vice Chairman, IIGJ Jaipur; Mr Vijay Choradia, Secretary, IIGJ Jaipur, Mr Anish Kappil, Asst Prof, IIGJ Jaipur; and the designers of the lovely garments Muni and Girija.

Add a comment

Kama Schachter Shows Diamond Collection at Mumbai Show

Kama Schachter, one of Asia’s leading diamond exporters and jewelry manufacturers, unveiled a diamond jewelry collection at the 31st edition of the India International Jewelry Show in Mumbai.

This new selection of exceptional fine jewelry is meticulously designed by talented designers at Kama and is adorned with vibrant colored gemstones and natural white diamonds. Each jewel from this collection unfolds a story and the collection is trendy, classy and versatile.

The modern rendition of Haath Phool, or hand flower, set in diamonds, is assembled to suit modern buyers. Dramatic dangler earrings feature rubies and emeralds.

This new collection by Kama Jewellery offers a variety of spectacular designs in variety of settings, metal colors and diamond sizes.  

 

Each piece in this collection showcases white and yellow gold. Modern, traditional and contemporary designs are encrusted with GSI-certified brilliant diamonds and sparkling colored stones and are backed by lifetime guarantee. 

Add a comment

Industry’s Largest Recruiting Event Coming to NYC This Month

The jewelry industry’s largest recruiting event – with opportunities ranging from design and manufacturing to marketing and sales – will take place On Monday, July 28, at the Javits Center in New York. 

Nearly 50 world-renowned gem and jewelry companies, including David Yurman, Helzberg Diamonds, New York Loan Company, Paolo Costagli Inc. and Sterling Jewelers Inc., will be looking to fill hundreds of professional positions at every career stage during the GIA New York Jewelry Career Fair. 

GIA’s New York Jewelry Career Fair will take place from 8 a.m. to 1 p.m. on July 28 at the Javits Center. 

Recruiters will be available from 10 a.m. to 1 p.m. This leading industry event is free and open to the public; anyone interested in attending is encouraged to RSVP at www.eventbrite.com.

JA New York is a major sponsor of the event.

“Career Fair is an excellent opportunity not only to connect with recruiters looking to fill hundreds of positions, but to network with some of the most successful and entrepreneurial personalities in the gem and jewelry industry,” said Kathryn Kimmel, GIA vice president and chief marketing officer, and founder of the GIA Jewelry Career Fair.

“You may even discover a career path you hadn’t thought of previously. This is a once-a-year opportunity in New York and I encourage everyone with a passion for jewelry to stop by and see what it’s about.”

In addition to meeting with recruiters and receiving one-on-one career coaching, attendees will hear from prominent industry figures during the opening panel discussion “Job Success in Today’s Market,” which begins at 8:30 a.m. 

Mercedes Abramo, president and CEO of Cartier North America; Ashley Chan of Leslie Hindman Auctioneers; Andrea Hansen, partner of Luxe Intelligence and president of the Women’s Jewelry Association; Douglas K. Hucker, CEO of AGTA; and Steven Lagos, founder and chief creative director of LAGOS Jewelry, will tell the stories of their unique journeys to success and offer practical advice for aspiring gem and jewelry professionals.

For a full list of companies participating, visit GIA’s website at www.gia.edu/career-fair.     

Add a comment

The IDEX Online Polished Price Report for July 17

Round diamond prices again saw relatively few changes this week, with a tendency to the negative, according to the weekly IDEX Online Price Report.

There was widespread activity in fancy shapes, in a range of sizes, with most changes being negative.

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

To receive a free copy of the full IDEX Online Diamond Price Report, please email us at prices@idexonline.com.

Rounds

  • 0.18-0.22 cts two changes, both upwards

  • 0.23-0.29 cts E-G / SI2 rising by 3-4%

  • 0.30-0.39 cts one change, upwards

  • 0.40-0.44 cts I-J / I1 rising by more than 4%

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts E-F / IF rising by 3%

  • 0.70-0.79 cts M-N / IF-VVS1 declines of 2%

  • 0.80-0.89 cts one change, a decliner

  • 0.90-0.99 cts I / IF -3.0% to $6,400 p/c

  • 1.00-1.24 cts M-N / SI3 declining by 3-5%

  • 1.25-1.49 cts mostly declining

  • 2 cts unchanged

  • 3 cts K-L / IF declining by 1-2%

  • 4 cts many declines

  • 5 cts unchanged



Fancy Cuts

 

  • 0.18-0.22 cts many declines in higher colors and clarities

  • 0.23-0.29 cts D / SI2 +4.6% to $1,150 p/c

  • 0.30-0.39 cts D-E / SI1-SI2 rises of 2-3%

  • 0.40-0.44 cts just one change, upwards

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts just one change, downwards

  • 0.70-0.79 cts D / SI3-I2 rising by 3%

  • 0.80-0.89 cts J / SI1-SI2 rising by 2%

  • 0.90-0.99 cts just one change, downwards

  • 1.00-1.24 cts many decreases in top colors and clarities

  • 1.50-1.99 cts mostly declining

  • 2 cts just three changes, two up and one down

  • 3 cts a range of declines

  • 4 cts F / VS1-SI1 declines of 1-3%

  • 5 cts D-E / IF declines of 3%

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

Albert Robinson is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Albert has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Surya Golds Teams with Swarovski for India Show

Mr. Rajendra Jain, Ameesha Patel, Ramesh and Sudesh Shoor for Surya Gold

Surya Golds presented a unique collection of jewelry in association with Swarovski at the India International Jewellery Week 2014, presented by Nazraana in association with PCJ.

Flawless designs and finish have been the hallmark of Surya Golds, with each piece carrying the high quality tag for fastidious buyers. Displaying a rare exciting blend of Indo-western styling for the New Age woman, Surya Golds has shown a wide range of unique jewelry for the past two decades.

Presenting an unconventional mélange of styles with hints of contemporary touches, the jewelry in 18K and 22K white and yellow gold dazzled with the beauty of Swarovski Zirconia.

Surya Golds’ latest presentation was the very stylish, patterned jewelryy collection called “Nature Inception”. Reflecting the modern lifestyle around the world, the range offered luxurious traditional jewelryy in its contemporary new found avatar. 

The show opened with pretty Kavita Verma, who performed in the film “Policegiri” wearing a dazzling set to create a feel of the lovely jewelry that followed. 

The stunning range of necklaces, rings, earrings and pendants crafted with impeccable precision in gold and the best Swarovski Zirconia were a breath-taking vision on the ramp. 

Square pendants edged with pearl drops, woven patterns in diamonds and rubies for necklaces, angular pendants on a diamond bed created an impact on the ramp. Florets were clasped together for a tantalising neckpiece edged with pearls; while sparkling bracelets and statement rings were eye-catchers. A choker with pear shaped diamond pendant with rubies was the highlight of the show.

Bollywood star Ameesha Patel, the lovely show stopper. looked gorgeous modelling a flat wide scalloped collar studded with rubies, emeralds and edged with pearls, lacy cuff and imposing earrings.

The clothes for the collection were a beautiful line-up of sorbet-coloured garments designed by Mitali Jagtap.

Taking a bow on the stage at the end of a stunning show were Ramesh Shoor and Sudesh Shoor, Directors Surya Golds, along with Rajendra Jain, Managing Director, Swarovski.

{igallery id=3349|cid=1370|pid=1|type=category|children=0|addlinks=0|tags=|limit=0}

Add a comment

India Jewelry Week Opens with Bridal Show

Featuring glittering collections from Gili, Asmi, Parineeta, Nakshatra and Nizam, “The Bridal Collection” was the sensational opening show at the fifth edition of the India International Jewellery Week 2014 presented by Nazraana in association with PCJ.

Paying tribute to the Indian woman and cause of the girl child, the show featured a dazzling array of glittering jewelry from five brands. To match the theme of the show Queenie Singh, the well-known j designer of “Jewels by Queenie”, introduced daughter Tiara Dhody , who read a passage from her soon to be released book “Unmask”.

A lively performance form very energetic dancers from Seva Sadan set the mood.  

Adding to the show was the performance by the child-duo “Bad Salsa” of “India’s Got Talent Fame.”

The “Gili Collection” aimed at the young fashion-conscious lady revealed the beauty of the gorgeous diamonds and precious stones crafted into amazing neckpieces, earrings and sparkling bracelets 

The “Asmi Collection” is for the super-efficient working women who desire to reach the pinnacle of success. Swirls of necklaces, tiered leaf earrings and pretty pendants at the end of necklaces dazzled under the ramp lights.

Wearing jewelry from the “Gili and Asmi Collections” Ankita Shorey, Miss India International 2011, looked gorgeous in a stunning Maang Tikka and diamond danglers as she gracefully walked down the ramp.

For the blushing bride during the most important day of her life, the “Parineeta Collection” of wedding jewellery glistened with jadau, gold, diamonds and precious stones. Rubies and diamonds played on a gold base for the necklaces, a trio of large coloured stones linked for a neckpiece was amazing; while pear shaped prongs with coloured diamonds for collars were teamed with paisley earrings. 

The “Nakshatra Collection” had a mélange of beautiful gems with precious metal. Cascading diamonds with sapphires twinkled under the arc lights on the catwalk; while emeralds nestled in a bed of diamonds for rich neckpieces. Rows of diamonds twinkled for earrings and lacy designs enhanced the sparkling collars.

Looking lovely in a gorgeous Nakshatra set, Konkana Bakshi, former Miss India, displayed a luxurious emerald tipped diamond prong necklace with matching earrings. 

Finally it was the magnificent “Nizam Collection” in all its royal grandeur that added to the matriarchal beauty of a woman. The glorious antique jewelry recreated the glory of a golden era long gone by as Raani Haars with polkis set in gold, chokers with ruby centres and elaborate textured gold bridal necklaces ended in pear shaped pendants. 

Stopping the show was beautiful Bollywood star Neha Dhupia, wearing a splendid diamond and ruby set, Maang Tikka and shoulder dusters designed by Queenie Singh for the “Parineeta Collection”.

The creations worn by the models to complement the jewelry were provided by top designerd Ashima and Leena. The show was conceptualised and visualised by Queenie Singh, along with Raell Padamsee’s ACE production and the Create Foundation in memory of late Pearl Padamsee.

 

Walking down the ramp to thunderous applause at the end of the fabulous show were Mehul Choksi (Chairman, Gitanjali Group), Queenie Singh, Tiara Dhody, Ankita Shorey, Konkana Bakshi, Neha Dhupia, Leena Singh and Raell Padamsee.

Add a comment

JA and NRF Will Co-Host Discussion of Gold-Sourcing

Jewelers of America and National Retail Federation will co-host a discussion of the importance and value of responsible sourcing of gold from areas such as the Great Lakes region of Central Africa.

The roundtable discussion will take place from 8:30 a.m. to 10:30 a.m. on  Sunday, July 27,  during the JA New York Show at the Javits Convention Center, Room ID104. Online event registration is now available; please register early as space is limited. A light breakfast will be served. 

RESOLVE Senior Mediator Jennifer Peyser will be facilitating the discussion. Signet Jewelers Ltd. is sponsoring the event. The Jewelers Vigilance Committee and MJSA, the Association for Jewelry Makers and Designers also support the event. 

"Gold and other minerals have been known to fuel unspeakable violence in Congo and the surrounding region, when mined and traded illegally by armed groups who use them to finance their activities." says Holly Dranginis, Policy Associate at the Enough Project, a Washington-based nonprofit. "Jewelry companies have a major role to play in curbing that violence and improving the conditions for peace by developing responsible sourcing practices."

“The success of the US jewelry industry depends on consumer confidence in the products our members sell,” said JA President & CEO David J. Bonaparte.

“Jewelers of America believes one way for the jewelry industry to inspire consumer confidence is through the responsible sourcing of gold.”

“Responsible sourcing is an important process for retailers to satisfy their customers’ expectations,” said Jon Gold, NRF Supply Chain and Customs Policy Vice President. “NRF believes this discussion is a great way to further educate retailers on engagement in responsible sourcing.”

Guest speaker Holly Dranginis of the EWnough Project will talk about opportunities to further build up responsible sourcing, tools for jewelers and suppliers, and how partnerships can make a positive impact on this important issue. 

The meeting aims to provide an opportunity for policymakers, human rights advocates, and the jewelry industry to share progress and learn lessons about supply chains, supplier engagement, and in-region clean sourcing initiatives from the first year of conflict minerals reporting.

For more information on the meeting contact: 

Susan Posnock, Jewelers of America
sposnock@jewelers.org

Jon Gold, National Retail Federation
GoldJ@NRF.com

Holly Dranginis, Enough Project
hdranginis@enoughproject.org

David Bouffard, Signet Jewelers Ltd.
dbouffard@jewels.com.

 

 

Add a comment

Contemporary Jewelry Design Group Names Officers

The Executive Board of the Contemporary Jewelry Design Group has selected Malak Atut of ZAIKEN Jewelry as incoming president and Julie Romanenko of Just Jules as the new vice president for the 2014-2016 term.

Outgoing president Vicente Agor of Vicente Agor Fine Jewelry has been widely praised for his dedication to the association; "during his term, the CJDG experienced dramatic growth in visibility and in membership," said Ms. Atut. Agor will continue to serve as the CJDG Couture committee chair. 

Atut looks forward to continuing the growth and visibility of the organization, she says, as well as strengthening the relationships with retailer members.  "The retailers are key to the success of all of our members, and I hope to enhance their experience with the CJDG by introducing new benefits, and enhanced interaction with our designers," said Atut.

Romanenko brings to the position twenty years of experience running her eponymous jewelry company and is thrilled to be able to use her two decades of experience and contacts for the benefit of all members.

Atut adds her marketing and management mastery from her previous career and the combination gives a unique point-of-view to the group. "Julie and Malak offer a perfect complement of experience and knowledge to our group," said past president Agor, "and I'm thrilled to see where they will take the CJDG in the next two years."

Rebecca Overmann, of Rebecca Overmann Jewelry, and Elizabeth & Jack Gualtieri of Zaffiro Jewelry remain in their previous Executive Board positions of secretary and treasurer, respectively. Monica Stephensonalso continues in her role as Website Editor.

 

For more information about the Contemporary Jewelry Design Group see www.cjdgjewelers.org.

Add a comment

Manfra, Tordella & Brookes Taps Michael Barlerin Associates

Manfra, Tordella & Brookes has appointed Michael Barlerin Associates to provide sales and marketing services for its line of bullion-based jewelry and promotional products.

The diverse product line is produced by the Swiss-based refinery and fabricator, PAMP. The line includes gold and silver ingot pendants, packaged precious metal ingots able to be customized, and a silver calendar ideally suited for corporate gift giving.

Commenting on the appointment, Scott Spitzer, COO of MTB said: “We are very pleased to be working with Michael and the MBA team. His extensive experience in jewelry marketing and the precious metals industry makes this an ideal partnership.”

Barlerin added, “The PAMP products are unique. Whether for the corporate gifts sector or consumers wanting bullion based jewelry and gift items, matching the product, distribution channel, and target customer will be an exceptional opportunity.”

Manfra, Tordella & Brookes was founded in 1957 and is a full-service precious metals product distributor. The Company is the sister company for PAMP and is headquartered in the International Gem Tower in New York City. 

PAMP is the world’s leading bullion brand. The company holds a dominant position in many of the world’s major precious metals markets and utilizes a state-of-the-art precious metals refinery and fabrication facility in Switzerland. PAMP distinguishes itself from all other leading refiners by maintaining its identity as, above all, the industry’s leading innovator. As the first precious metals fabricator to employ decorative designs on the reverse side of its bars, PAMP introduced the world to the art of precious metal transformation.  

 

Michael Barlerin Associates, LLC was formed in 2005 to provide marketing and management services to the jewelry industry. Prior to forming MBA, Barlerin had been CEO, Americas for World Gold Council, a position he held for 15 years. He previously was Senior Vice President, Marketing at Zale Corporation. He currently serves as Director of The Silver Institute’s Silver Promotion Service which MBA formed in 2008.

Add a comment

Jewelers Mutual Again Named Top Performer

Jewelers Mutual Insurance Company has been named to the 2014 list of Ward's 50 top performing insurance companies for the fourth consecutive year.

The award recognizes outstanding financial results in the areas of safety, consistency and performance over a five-year period from 2009-2013.

"This recognition by the Ward Group means so much to our company, and we look forward to sharing the news with our policyholder members," said Darwin Copeman, president and CEO of Jewelers Mutual.

"Achieving this honor four years in a row is no easy task, and we are proud of our ongoing work to further fortify a strong, financially secure mutual company ready to protect the jewelry businesses and jewelry owners we serve."

Ward Group is an Aon Hewitt company and the leading provider of operational and compensation benchmarking and best practices services for insurance companies.  

The firm analyzes the financial performance of over 3,000 property-casualty insurance companies and identifies the top performers based on objective data and subjective quality measures of the previous five years (2009-2013). Each Ward's 50 company has passed a rigorous set of safety and consistency screens and achieved superior performance based on the five years analyzed. This is the 24th consecutive year Ward Group has conducted the analysis.

The Ward's 50 property-casualty group of insurance companies produced a 10.6 percent statutory return on average equity from 2009 to 2013 compared to 6.9 percent for the property-casualty industry overall. 

"Most insurers saw improvements in both financial returns and overall premium levels," explained Jeff Rieder, partner and head of Ward Group.

"In clear signs of continued optimism, our research shows considerable investments are being made in technology, product enhancements and identifying ways to deliver a better customer experience. Companies will be challenged to manage the costs of these initiatives, but have strong financial positions to support the investments. Total policyholder surplus continues to grow and overall financial stability for the industry remains very strong. In selecting the Ward's 50, we identified companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results."

Insurance companies are evaluated and must pass minimum thresholds to be considered for the Ward's 50 list. Each company must also pass primary safety and consistency tests, including: 

  • Surplus and premiums of at least $50 million for each of the five years analyzed 
  • Net income in at least four of the last five years (property-casualty)
  • Compound annual growth in premiums between -10% and +40%

Companies that pass the safety and consistency tests are measured and scored on the following elements:

  • Five-year average return on average equity 
  • Five-year average return on average Assets 
  • Five-year average return on total revenue 
  • Five-year growth in revenue 
  • Five-year improvement in surplus to written premium (property-casualty)
  • Five-year average combined ratio (property-casualty)

An important objective of the Ward's 50 is to compare their performance as a group with the rest of the industry. In addition to achieving greater levels of income returns, the Ward's 50 benchmarks also outperformed in other key performance benchmarks. The Ward's 50 property-casualty group compared 7.6 points lower for the five year combined ratio (94.7 percent compared to 102.3 percent) and grew policyholder surplus by 28.0 percent compared to 20.0 percent for the industry since 2009.  

 

 

In addition to achieving higher financial returns, the Ward's 50 benchmark continues to achieve lower expense ratios. In 2013, expenses relative to revenue were 9.2 percent lower for the Ward's 50 property-casualty group of companies.

Add a comment

Jewelers unBLOCKed Hires Jeff Mills to Expand Its Network

Jewelers unBLOCKedhas named Jeff Mills as relationship executive, responsible for expanding the company network in the luxury jewelry marketplace.

In addition, he will focus the firm’s association with premier insurance brokers serving the jewelers block and personal collector space.

 

Mills joins Jewelers unBLOCKed with 20 years experience in management, underwriting and claims roles. Mills was vice president - commercial pperations for Jewelers Mutual Insurance Company, and before that held a series of management positions including vice president - claims.

Add a comment

Platinum Guild Partners with Emmy Winner

Platinum Guild International USA will partner with two-time Emmy-winning costume designer Lyn Paolo.  

The new Platinum Brand Ambassador will serve to increase awareness of the value, benefits and fashion appeal of the world's most precious metal and spread the message throughout her various networks and events. 

Paolo is currently working on the hit ABC series “Scandal” starring Kerry Washington as the impeccably dressed Olivia Pope.  

"I am so excited to be teaming up with the Platinum Guild,” says Paolo. “I love all things platinum: from my own personal jewelry to the pieces I choose for my private clientele, films and television shows that I design. Platinum, for me, is about glamour, style and enduring quality. You really cannot beat those three qualities in one amazing product.”

“Through her years of design and most recently through her work on Scandal, a show that influences the purchases of thousands of millennial consumers, Ms. Paolo has been a defining figure in fashion,” says PGI USA President Huw Daniel. “Her personal affinity for platinum jewelry, natural eye for timeless style and connection to those savvy women who choose platinum for their jewelry purchases all deem Lyn a natural messenger for platinum.”

 

Paolo’s additional credits include “ER,” “The West Wing,” “LA Confidential” and “Homefront,” for which she won two Emmy awards. She is also currently costume designing the John Wells directed film “Adam Jones” starring Bradley Cooper, Emma Thompson and Sienna Miller.

Add a comment

GIA Conducts Class in Namibia

Pictured above left to right are Kennedy Hamutenya, diamond commissioner of Namibia; Christian Merkling, director of Africa for Lazare Kaplan International; Vallerie Aron, mayor of Okahandja, Namibia; Isak Katali, minister of Mines and Energy of Namibia; Yoav Lavee, general manager of NamGem Diamond Manufacturing Company; and Crystall Nel, GIA business development manager.

Expanding on the Gemological Institute of America’s beneficiation and education efforts in Africa, the Institute held its first-ever class in Namibia, the Rough Diamond Evaluation course, from June 30 through July 4.

The class, offered in the Afrikaans language and taught by instructor Koos Rademeyer, was very successful, with all students passing the course.

“Bringing practical education about diamonds closer to producing regions helps those communities develop more economic value,” said Crystall Nel, GIA business development manager. “The course – our first of its kind in Namibia – is part of our effort to bring more of the value of the global gem and jewelry industry to producing communities.”

Since 2008, GIA has expanded its activities and presence in sub-Saharan Africa, opening two full-time laboratories and offering classes in Gaborone, Botswana and Johannesburg, South Africa; establishing partnerships with government agencies and universities throughout the continent; and maintaining a network of active alumni. Today, there are more than 900 alumni and two GIA Alumni Chapters in Africa.

The classroom in Okahandja, Namibia, was held at the NamGem diamond cutting and polishing factory, and several notable industry members attended the Rough Diamond Evaluation graduation.

Add a comment

The IDEX Online Polished Price Report for July 10

Again this week, a low number of changes in round diamond prices, according to the weekly IDEX Online Price Report.

In fancy shapes, most changes were seen in mid-size diamonds, with the balance of activity pointing to a tendency to declines.

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

To receive a free copy of the full IDEX Online Diamond Price Report, please email us at prices@idexonline.com.

Rounds

  • 0.18-0.22 cts K / VVS1-VVS2 declining by 4-5%

  • 0.23-0.29 cts H-I / SI1 rising by 3-4%

  • 0.30-0.39 cts one change, upwards

  • 0.40-0.44 cts unchanged

  • 0.45-0.49 cts K / SI2-I1 declining by 3-5%

  • 0.50-0.69 cts one change, downwards

  • 0.70-0.79 cts two changes, one up, one down

  • 0.80-0.89 cts two decliners

  • 0.90-0.99 cts H-J / VVS1 declining by 1-3%

  • 1.00-1.24 cts L-N / SI3 declining by 3-5%

  • 1.25-1.49 cts just two decliners

  • 2 cts unchanged

  • 3 cts F / SI2 -3.1% to $15,400 p/c

  • 4 cts H-I / I1 rises of 1-3%

  • 5 cts F / SI1 +2.9% to $31,700 p/c



Fancy Cuts

 

  • 0.18-0.22 cts D / IF-VVS2 rising by 2%

  • 0.23-0.29 cts D-E / SI1 rising by 3-4%

  • 0.30-0.39 cts F / IF +2.1% to $2,450 p/c

  • 0.40-0.44 cts unchanged

  • 0.45-0.49 cts I / SI2 +4.4% to $1,200 p/c

  • 0.50-0.69 cts K / SI1 -3.9% to $1,250 p/c

  • 0.70-0.79 cts risers and fallers even, especially in lower colors/clarity

  • 0.80-0.89 cts F-I / I1 rising by 2-3%

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts many decliners in top colors and clarity

  • 1.50-1.99 cts D / IF -3.1% to $21,600 p/c

  • 2 cts mostly declining

  • 3 cts D-E / SI3 rising by 2%

  • 4 cts mostly declining

  • 5 cts unchanged

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

Albert Robinson is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Albert has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Advertising Exec Reflects on a Life in Jewelry

Eric Cygiel, founder and creative director of Luxury & Hammer Jewelry Advertising was introduced to the bridal industry at the age of six. Working side-by-side with his grandmother in her downtown Los Angeles bridal and jewelry shop gave Cygiel a truly unique perspective on the bridal industry, which he flourishes in to this day.

“Ever since I was a kid, I knew that an engagement ring was far more than diamonds and metal. It symbolized an emotional bond that would last forever. It’s that very emotion that I try to capture with every campaign my team and I create,” said Cygiel.

“Once we shoot a campaign for a designer/manufacturer, our goal is to emotionally engage their retailers' customers. It’s the end consumer that my campaigns speak to, yet some designer/manufacturers feel that they have to sell to the retail buyer, when in fact, their campaign should be focused on the retailer’s customer.”

Cygiel believes that the days of selling at a trade show and waiting for the retailer to unload the vendor’s inventory are over. His award-winning jewelry advertising, marketing and branding agency aims to help designer/manufacturers partner with their retailers to get their brand in front of their customers.

Eric has had the good fortune to create content for manufacturers that include Rolex, Forevermark, Kwiat, Oscar Heyman, Rahaminov Diamonds, Jack Kelége and retail giants such as Neiman Marcus, Borsheims and Tivol.

For more information, visit www.luxuryhammer.com.

Add a comment

White Pine Names Mainella to Head Sales Force

White Pine Trading has announced that industry veteran Dominic A. Mainella has joined the company to aid the expansion of its diamond, branded, fashion, antique and estate jewelry, and fine watch selling services.

Mainella, formerly Lead Sales Professional and Corporate Sales Trainer with Boston-based GBC, Inc./Gordon Brothers, comes to White Pine with over 25 years  industry experience. 

He will focus on developing and mentoring a national sales force, in addition to having responsibilities in the research and development of product acquisitions.

“We are very pleased to be working with Dominic after observing his career over the past 25 years,” said White Pine CEO Benjamin Burne.

 

“We look forward to working much more deeply in estate and fine jewelry, and establishing new long-term relationships in this sector. To further those goals, we will be combining Dominic's expertise with White Pine's proven marketing and processing skills.  White Pine is assembling a world class team and investing considerably in the support infrastructure to enable us to achieve our objectives.”

Add a comment

AJF Accepting Applications for Artist Award

Art Jewelry Forum is accepting applications for its 2014 Artist Award.

This is the fifteenth year that AJF will be providing a cash award to a contemporary jewelry artist. The amount of the 2014 award will remain at $7, 500 this year thanks to the generous support of Susan Kempin and Susan Beech, both long-time collectors and supporters of AJF.

Jurors for this year's competition are Sooyeon Kim, jewelry artist and winner of the 2013 award, Carin Reinders, Director of the CODA Museum, Apeldoorn, Netherlands, and Karen Rotenberg, Founder and Director of Alianza Contemporary Craft and a collector of contemporary jewelry.

The purpose of the award is to acknowledge promise, innovation, and individuality in the work of an emerging jewelry artist and to help to advance the artist's career.

The competition is open to makers of wearable art jewelry who are not currently enrolled in a professional training program. Work submitted in the application must have been unsupervised, and not previously submitted for a BFA or MFA show. What has changed this year is:

  • Applicants must be 35 years of age or younger at the time of the application deadline (September 30, 2014)
  • Work must have been made between 2012 and 2014
  • Applicants who have applied previously must submit new work, i.e. work submitted in a prior AJF Artist Award application may not be resubmitted in the current application
  • Applicants may have had, or be scheduled to have, a solo exhibition

Deadline for submission is September 30, 2014. 

 

Applications may be submitted at www.callforentry.org.

Add a comment

GIA Team Explores Colored Stone Mines in Brazil

The GIA team prepares to interview Paraíba tourmaline legend, Heitor Dimas Barbosa, in the original Batalha mine entrance. Photo by Duncan Pay; © GIA.

From Mar. 31 to Apr. 17, a team of field researchers from Gemological Institute of America journeyed to the most important gemstone mining areas in Brazil to gather information and document the current state of colored stone mines, particularly emerald and tourmaline.

The researchers visited the states of Minas Gerais, Rio Grande do Norte and Paraíba, and had the rare opportunity to interview Heitor Dimas Barbosa, the first discoverer of Paraíba tourmaline, in the original mine tunnel in Batalha where he first encountered the now famous gem.    

The GIA team of Field Gemologist Andrew Lucas, Director of West Coast Identification Shane McClure, Video Producer Pedro Padua, and Gems & Gemology Editor-in-Chief Duncan Pay spent 18 days traveling to various mines to interview, photograph and film important sources.

Brian Cook, geologist and co-owner of Nature’s Geometry, and Sergio Martins, president of the Brazilian gemstone cutting and marketing firm Stone World, also participated in the expedition.

The researchers found the Belmont mine in Minas Gerais moving to new open pits while continuing to develop their underground mining and building a new state of the art rough processing and sorting facility; they are also cutting around 60 percent of their own production, focusing on higher quality stones. In Nova Era, production at mines like the Monte Belo mine yield high quality emeralds from pockets.

The Cruzeiro tourmaline mine has prolific production from huge pegmatites, and all of its rubellite tourmaline goes to Shenzhen, China for cutting and then sale. “We’ve never seen a mine produce the amount and quality of material as the tourmaline we saw coming from the massive pegmatites at the Cruzeiro mine,” added Lucas.

Meanwhile, “the value of Paraíba tourmaline has risen unbelievably and the passion to find more material at the mines was contagious,” said Lucas. Mining and prospecting remains very strong in the sates of Paraíiba and Rio Grande do Norte for highly-valuable Paraíba tourmaline.

“I’ve wanted to go to Brazil for 20 years … and this trip far exceeded my expectations,” said McClure. “For me, one of the highlights was our interview with Heitor Barbosa, original discoverer of Paraíba tourmaline. He believes there’s still much more of this fabulous gem to be found deeper in the mine,” added Pay.

The Cruzeiro tourmaline mine produces massive amounts of tourmaline. These crystals transition from rubellite color to green and terminate in black. Photo by Andrew Lucas; © GIA.

 

In keeping with its mission to ensure the public trust in gems and jewelry, GIA regularly conducts research field trips to important gem and jewelry centers around the globe, incorporating findings into research practices and education programs and relaying information to the trade and public through a series of channels. Findings from the Brazil field trip will be featured in an upcoming Gems & Gemology article, as well as field reports and video documentaries on www.gia.edu

Add a comment

Jewelers Mutual Hosts Robbery Webinar, Adds Robbery Checklist

Jewelers Mutual is hosting a webinar for the jewelry industry titled "Robbery: Before, During and After," with recommendations on how to reduce the likelihood of being targeted, survive the threat if you are targeted and recover from an attack.

Along with the webinar which can be accessed at JewelersMutual.com, Jewelers Mutual also introduced a new robbery checklist for jewelers.

If an armed robber enters your store, what will you do? Jewelers Mutual's loss prevention specialists, Carrie Volp and Tim O'Conner, began with tips to know when your store is being cased.

"To prevent a crime, you have to assume that you are being cased and always be aware of the threat,” said Volp. “That's the first step to making your store as safe as possible."

But even with the best preventative measures in place, preparing yourself and your staff mentally for an attack can mean me the difference between life and death. "The game changes the second someone comes into your store with a weapon," said Volp. "The most important thing you can do is stay calm and comply. The sooner you can give the robbers what they want and they leave, the better." 

It may sound counterintuitive, but Jewelers Mutual recommends not activating a panic button or alarm until the robbers have left the store. Doing so too early could lead to the police's arrival on the scene while the robbery is occurring, which could precipitate a dangerous hostage situation.

After a robbery, it can be difficult to know what to do first. To help jewelers during these crisis moments, Jewelers Mutual has developed a robbery checklist jewelers can refer to immediately following an attack. It includes tips like

  • Lock the doors immediately after the perpetrators leave
  • Call 9-1-1 and tend to anyone you may be injured
  • Try to keep all witnesses at the scene and collect contact information
  • Ask your staff and witnesses to make notes as soon as possible about the robber and the incident
  • Share these details with the police, and allow them to conduct a full investigation
  • Contact your Jewelers Mutual agent or the company's 24/7 emergency line to report the loss

Once the immediate threat is past, the initial shock of a robbery can leave jewelers and employees feeling anxious and overwhelmed. Flashbacks are common, and talking about the experience and your feelings with a trusted support system of friends and family members can help you recover emotionally. You should also consider professional counseling if the stress or flashbacks interfere with your home life or work.

In fact, Jewelers Mutual takes the extra step of helping its policyholders deal with the trauma of an armed robbery by offering a free benefit that contributes to the costs of professional counseling services. "We are here to serve the jewelry industry, and part of that service is helping our members recover and move forward with their lives and their businesses," said Volp. "This benefit is just one small way we can help you recover when you face a loss."  

 

In addition to the webinar and new robbery checklist, jewelers can find time-tested strategies to help protect their businesses at JewelersMutual.com

Add a comment

JA Summer Show Announces Improvements

The 2014 JA New York Summer Show, to be held at the Jacob K. Javits Center July 27-29, is experiencing a renaissance in energy and the overall aesthetics of the show floor.

With an improved show layout boasting a relaxed, boutique-like environment that caters to a buyer’s needs, long-time exhibitors will be joined by notable returning designers, and designers who will be exhibiting at the show for the first time.

Serving to enhance this renewed energy, in recent weeks, the JA New York team has taken a grassroots approach to strengthening relationships between retailers and show management by making in-person visits to retailers throughout the tri-state area, which has resulted in an increase in pre-show registration.

“As a group, we recognize the importance of having face-to-face contact with our retailers,” noted Drew Lawsky, Show Director for JA New York. “Visiting stores in person, touting the ‘new and improved show layout that has been reconfigured with buyers’ needs in mind, and talking about all of the exceptional exhibitors at our show, has been very rewarding. We’re thrilled to make these connections and we look forward to nurturing these relationships moving forward.”

Some of the notable additions and returning brands to the 2014 Summer Show are Adel Chefridi, A. Jaffe, Boxco, De Hago, Gregg Ruth, Syna, Tanya Farah and Yoko by Euro Pearls. Also returning to the show is one of the world’s most recognizable and well respected jewelry supply companies, Kassoy.

“We are a born and bred New York City company,” explains Joanne Slawitsky, President of Kassoy. “We have so many new product offerings that we’re debuting and we felt that it was high time we return to the JA New York Show, the New York show for jewelry, to offer a hands-on showcase of our products.”

 

Kassoy has long been a go-to resource for the fine jewelry industry, featuring a broad range of products, from bench tools to inventory management systems to testing and measuring equipment to 3D printing technology. The return of this prestigious company will help to make JA New York a one-stop shop for all categories in the industry.

Add a comment

Ercolana Names Orbita U.S. Distributor

Orbita is now the exclusive U.S. distributor for Ercolano luxury watch winders.

Launching this fall, the all-new Ercolano watch winder collection will feature five distinctive designs, ranging in price from $1,595 (single), $2,495 (double) and $3,995 (triple) at retail.

“We will incorporate our distinguished watch winders in this fine line of luxury cases created by master Italian artisans who have beautifully blended tradition and modernity using the art of Intarsia,” said Orbita’s CFO, Mark Lampkin. 

“Based on the tremendous excitement and positive response from buyers who visited the Orbita-Ercolano booth at Luxury in Las Vegas, we agreed to partner with the renowned Italian casemaker.”

The new Ercolano cases, with their eye-catching geometrical designs, refined combination of colors and intricate handcrafted wooden inlays make them totally unique in the global marketplace. Orbita is currently taking orders for these exquisite Italian-made watch winders fully outfitted with its patented modules, and will start shipping product in late October in time for the holidays. 

“We are thrilled to join forces with Orbita and see this exciting arrangement as a rare opportunity to expand our sales, distribution and retail base in the U.S. and beyond,” said Brett Levin, Director, Ercolano USA, Inc. “Given Orbita’s excellent track record, superb technology and solid relationships with fine, independent jewelers and luxury watch stores, we look forward to growing our business with such a distinguished company.”

 

For more information, visit www.orbita.com.

Add a comment

GIA Hosts GemFest Seminar in Tokyo

Audiences in Japan, the third largest consumer market in the world for gems and jewelry, will have the opportunity to hear from Gemological Institute of America experts during a free GemFest seminar on July 11 in Tokyo. 

Dino De Ghionno, GIA laboratory manager, will discuss gem identification challenges and offer a laboratory update. Dr. Ahmadjan Abduriyim, GIA senior research scientist, will present on identification services at GIA’s Tokyo gem identification and grading laboratory.

De Ghionno, GIA’s senior manager of West Coast identification services, will provide an update on the Institute’s laboratory services and discuss challenges in gem identification. He will highlight stones of gemological interest submitted to the laboratory, new gem materials and treatments, as well as gemological updates. Topics will range from black opaque stones and change-of-color amber to diffusion-treated corundum.

Abduriyim, GIA’s senior research scientist and senior manager of colored stone services in Tokyo, will discuss recently introduced colored stone services – including identification reports and origin determinations – offered at the Tokyo lab. Several new services were introduced in GIA’s laboratories in Tokyo, Hong Kong, Bangkok, Carlsbad and New York on June 30. These services include red spinel origin services, ruby and sapphire inscription services for faceted stones weighing 0.50 carats or more, the Portrait Report and the Notable Letter. 

De Ghionno has more than 35 years of experience specializing in the research and identification of a wide range of gem materials, colored diamonds and related treatments. He began his career with GIA in 1978 as a colored stone and gem identification instructor, becoming manager of the program, and after 14 years transitioned to the identification department of the laboratory. De Ghionno has co-authored several articles in scientific and gemological journals, including GIA’s award-winning quarterly research journal Gems & Gemology, and has lectured in the U.S., Europe and Asia.  

Abduriyim received his doctorate in mineralogy from the Division of Earth and Planetary Science at Kyoto University in Japan. He has authored numerous gemological articles, including work on geographic origin determination of major gemstones and the applications of LA-ICP-MS in the gemological field, which have been published in major gemological periodicals including Gems & Gemology.

 

GIA’s Tokyo GemFest will be held on July 11 beginning at 5:00 p.m. at Aurum, Higashi Ueno 1-26-2, Taito-ku, Tokyo. Seats are limited and on a first-come, first-served basis; doors will open at 4:30 p.m. For questions about the GemFest, contact GIA’s laboratory in Tokyo at giatokyolab@gia.edu.

Add a comment

The IDEX Online Polished Price Report for July 3

A relatively small number of changes in smaller round diamond prices, according to the weekly IDEX Online Price Report, however larger stones saw strong increases.

In fancy shapes, changes were balanced between risers and decliners.

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

To receive a free copy of the full IDEX Online Diamond Price Report, please email us at prices@idexonline.com.

Rounds

  • 0.18-0.22 cts just two changes, both decliners

  • 0.23-0.29 cts no changes

  • 0.30-0.39 cts E / VVS2 +2.0% to $2,500 p/c

  • 0.40-0.44 cts E / VVS2 -2.7% to $3,650 p/c

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts one change, downwards

  • 0.70-0.79 cts K / IF -3.6% to $2,650 p/c

  • 0.80-0.89 cts three changes, one up, two down

  • 0.90-0.99 cts L / IF-VS2 declining by 3%

  • 1.00-1.24 cts unchanged

  • 1.25-1.49 cts J / VVS1 -3.0% to $6,500 p/c

  • 2 cts two decliners

  • 3 cts F / IF +3.0% to $54,900 p/c

  • 4 cts H / SI3-I1 rises of 1%

  • 5 cts many increases in better colors, lower clarities



Fancy Cuts

 

  • 0.18-0.22 cts two risers

  • 0.23-0.29 cts D-E / SI1 rising by 4%

  • 0.30-0.39 cts E / SI1 / SI2 increasing by 3%

  • 0.40-0.44 cts just one change, an increase

  • 0.45-0.49 cts just two rises, both upwards in mid-color and clarity

  • 0.50-0.69 cts F / IF +2.6% to $3,900 p/c

  • 0.70-0.79 cts several increases in lower colors and clarity

  • 0.80-0.89 cts F-I / I1 rising by 2-3%

  • 0.90-0.99 cts just two changes, both upwards

  • 1.00-1.24 cts several decliners

  • 1.50-1.99 cts L-N / SI3 declines of 4-6%

  • 2 cts mostly declining

  • 3 cts just three changes, one up and two down

  • 4 cts J / SI3 +3.6% to $5,700 p/c

  • 5 cts H-I / VS2 rising by 1-3%

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

Albert Robinson is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Albert has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Uneek Brand Names Michael Bungert Senior VP

Bridal and fashion fine jewelry brand Uneek by Benjamin Javaheri, based in Los Angeles, has appointed Michael Bungert as senior vice president.

"Michael's history within the industry spans over 40 years and yields a wealth of invaluable experience in strategy and management," says the company.

Bungert spent 29 years as the vice president of Kattan Diamonds & Jewelry Inc., where his responsibilities were significant in building the business' sales and merchandising strategy and planning.

At Uneek, Bungert will spearhead the development of all sales, marketing and merchandising initiatives, will assume the management of the external sales force and will also be responsible for key retail accounts.

"I am pleased to welcome Michael to the Uneek family,” said Benjamin Javaheri, owner and designer of Uneek. “I am confident that his business acumen, rich and long standing relationships and unbridled passion will be an incredible addition to the company.”

Add a comment

GIA Adds On-Site Colored Stone Services in Hong Kong and Tokyo

Beginning June 30, GIA’s laboratories in Hong Kong and Tokyo will expand on-site offerings to include the same colored stone services currently offered by GIA in Bangkok, Carlsbad and New York.

Highly-trained staff with extensive scientific backgrounds has been added at both locations, in addition to a full range of analytical instrumentation, to support the additional services.

“Both Hong Kong and Tokyo are significant global centers for colored stones, and by increasing our offerings in these locations we can better serve our clients and the trade,” said Kenneth Scarratt, GIA’s managing director of South East Asia. “GIA is committed to expanding our capacity to meet the demand for our services, and this is one of the many initiatives we are taking to further ensure the public trust in gems and jewelry.” 

GIA’s colored stone services offered in Hong Kong and Tokyo will include identification reports as well as origin determinations, for which the GIA Gem Passbook™ provides an affordable alternative.

In addition to adding laboratories that perform colored stone services, several new services will also be introduced in all five locations. These services include red spinel origin services; ruby and sapphire inscription services for faceted stones weighing 0.50 carats or more; the Portrait Report, which sets out all of the supporting data that underlies the conclusions reached in an Identification or Identification & Origin Report; and the Notable Letter, which accompanies a GIA report and details the attributes of especially noteworthy or unique gemstones vetted by senior gemological staff.

 

For more information, visit www.gia.edu.

Add a comment

UPS Adds Three Cities to Jeweler Elite Program

UPS has expanded its Jeweler’s Elite Program to San Francisco, Philadelphia, and Providence. 

Designed specifically to help jewelers protect their high-value shipments, the service delivers time and cost savings by combining UPS shipping with insurance offered through UPS Capital Insurance Agency, Inc.

The UPS Capital Jeweler’s Elite Program offers several advantages, including:

  • Protection against loss or damage to goods in transit up to the sale price, limited to a $150,000 maximum.
  • One-stop claims processing and fast payment.
  • Availability across all UPS service levels, including ground shipments.
  • Streamlined billing on the customer’s UPS invoice with no extra invoices.
  • Coverage for loose stones.
  • Protection for international shipments destined for 60 plus countries. 

Adam Krief, a UPS Capital Jeweler’s Elite Program customer and president of Accuratime, a Los Angeles international watch seller and manufacturer of mid to luxury watches, said: “We’ve worked with other shipping companies that provided insurance solutions, but because of their limitations, we had to separate shipments into smaller value amounts, leading to more paperwork, logistics and time. This program made sense for us and for our customers, and it has also reduced the amount of time filing claims.”

“After launching successful programs in Los Angeles and New York, these cities seemed a natural stepping stones for our next expansion. With its Jewelry Center, JewelryMart and Diamond Exchange, San Francisco is in the top ten U.S. jewelry markets,” said Dave Zamsky, UPS vice president of marketing, UPS Capital.  “Philadelphia’s Jewelers' Row is located in the Center City section and has more than 300 jewelry retailers, wholesalers, and craftsmen; and Providence has been a major center for jewelry manufacturing since the founding of the American Jewelry industry in Providence back in 1798.”

Another solution created to protect high value shipments includes UPS Proactive Response Secure.  This unique service combines proactive monitoring of packages, and, if necessary intervention and remediation, plus insurance through UPS Capital Insurance Agency, Inc.  

 

According to Tarek Saab, Chief Operating Officer and co-founder of Texas Precious Metals, “this service is helping to transform the precious metals industry.”

Add a comment

The IDEX Online Polished Price Report for June 26

There were few changes in smaller round diamond prices, according to the weekly IDEX Online Price Report, although larger stones saw strong increases.

In fancy shapes, changes were overwhelmingly upwards although larger diamonds were unchanged.

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

Rounds

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts no changes

  • 0.30-0.39 cts F / IF -3.6% to $2,700 p/c

  • 0.40-0.44 cts unchanged

  • 0.45-0.49 cts G / VS1 +3.4% to $3,050 p/c

  • 0.50-0.69 cts two changes, one up and one down

  • 0.70-0.79 cts mostly declining

  • 0.80-0.89 cts just two changes, both down

  • 0.90-0.99 cts K / SI1-SI2 declining by 3%

  • 1.00-1.24 cts L / I1 -4.0% to $2,400 p/c

  • 1.25-1.49 cts L-M / I1 declining by 4%

  • 2 cts unchanged

  • 3 cts F / IF +3.0% to $54,900 p/c

  • 4 cts many increases

  • 5 cts F-H / SI1-SI2 rises of 2-3%



Fancy Cuts

 

  • 0.18-0.22 cts D / SI1 +4.4% to $1,200 p/c

  • 0.23-0.29 cts D / SI1 +4.2% to $1,250 p/c

  • 0.30-0.39 cts E / IF +3.7% to $2,800 p/c

  • 0.40-0.44 cts several increases

  • 0.45-0.49 cts just two rises, both upwards, mid-color and clarity

  • 0.50-0.69 cts just two changes, one up and one down

  • 0.70-0.79 cts many increases in lower colors and clarity

  • 0.80-0.89 cts several declines in middling colors and clarity

  • 0.90-0.99 cts just two changes, one up and one down

  • 1.00-1.24 cts J / I1 -3.7% to $2,600 p/c

  • 1.50-1.99 cts L-N / SI2 declines of 3-5%

  • 2 cts E-F / I1-I2 rises of 2-4%

  • 3 cts several rises in lower colors and clarity

  • 4 cts unchanged

  • 5 cts no changes

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

Albert Robinson is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Albert has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

AGS Videos from San Diego Conclave Available for Free

Following the success of the 2014 Conclave in San Diego, the American Gem Society has made videos of its popular keynote and featured sessions available to not only its members, but to the industry, for free, with its new Conclave On Demand, located at www.ags.org/ConclaveonDemand.

The site features full-length videos of the keynote presentations from Magic Johnson, Peter Sheahan, Erik Wahl and Bryan Dodge. Additionally, sessions from Dr. Philip Martineau (De Beers), and sales expert Adam Markel and social media guru James Spellos are also available.

The presentations touch on a range of topics from motivational to hard-core business tactics, as well as industry-related gemological issues. 

Some of the Conclave On Demand videos featured include: 

  • “The Magic of Winning,” Magic Johnson
  • “The Art of Vision,” Erik Wahl
  • “The Social Tsunami: How to drink from the Information Fire hose with only a straw,” James Spellos
  • “Creating the Ultimate Sales Team,” Adam Markel
  • “Undisclosed Synthetics: What you need to know,” Dr. Philip Martineau
  • “Building a Team Without You,” Bryan Dodge

“After the huge success of this year’s Conclave, we’re thrilled we can share glimpses of it with our members who could not attend, and give non-members a peek into the premier educational event in the industry,” said Ruth Batson, CEO of the American Gem Society and AGS Laboratories.

 

“By providing access to a limited part of our education, we can help better the industry.”

Add a comment

Hilarious Blog Series Offers Inside Look at the Las Vegas Shows

Jewelry industry veteran and blogger Barbara Palumbo has released a five-part blog series on what really happens during the trade shows in Vegas.

Her blog, Adornmentality.com, is best known for its humor, and the series – entitled “Tales from the Strip,” – was written mainly for those in attendance at both the JCK and Couture jewelry shows.

“These installments were scribed with those who don’t take themselves too seriously in mind” said Palumbo. “A lot of good clean (and, not so clean) fun is had at the shows during Jewelry Week, but often what we read about afterward is how many brands are using opal and how stack rings are still a ‘thing.’ There’s more to Vegas than that. There’s a human side to it that’s too often missed.”

At the end of the fourth installment, subtitled “Happy People Are Spendy People,” Palumbo dedicates the series to a longtime industry colleague who passed away suddenly on June 17th at the age of 38.

“Stephanie Harris was my first friend in this field. She started working for a major manufacturer on Sansom Street in Philadelphia when she was just sixteen years old. We shared so many years, memories, and laughs together, and it seemed only fitting that all of the laughs that came from this series were dedicated to her memory.”

 

To read Adornmentality’s “Tales from the Strip” series in its entirety, visit the blog and click “Trade Show Shenanigans.”

Add a comment

JA Spends the Day on Capitol Hill

The Jewelers of America Political Action Committee led a delegation of jewelers to Washington, D.C., for the fourth consecutive year.

The day of meetings on June 18 offered jewelers the unique opportunity to share their views with key decision makers on the Hill including House Speaker John Boehner (R-OH), who made an unscheduled visit with the group, and Senator Jack Reed (D-RI), a member of the U.S. Senate Committees on Appropriations; Armed Services; and Banking, Housing and Urban Affairs; who joined the group for dinner. The meetings connected jewelers with approximately 60 lawmakers and legislative staff.

Discussion centered on sales tax fairness legislation, which would level the playing field between online and brick-and-mortar businesses. The group met with key supporters, including Reed, a co-sponsor of the Marketplace Fairness Act – which passed the Senate last year.

During a lunch with House Republicans – including Rep. Pete Sessions (TX-32), Chairman of the House Rules Committee, and Rep. Jason Chaffetz (UT-03), a member of the House Judiciary Committee – the tone was decidedly in favor of pushing through a House sales tax fairness bill. Jewelers were encouraged that Chaffetz, along with House Judiciary Committee Chairman Bob Goodlatte (VA-6), is leading the House’s work on sales tax fairness legislation.

“I think there’s a chance we can get it done,” Rep. Steve Stivers (OH-15), a staunch supporter of the Marketplace Fairness Act, told the group. While that bill stalled in the House, Goodlatte and Chaffetz are expected to introduce a modified version of the legislation later this year.

The discussion underlined the need for jewelers to stay proactive on sales tax fairness and other key issues, which they can do through JA’s online Advocacy Center at www.jewelers.org. 

“With the midterm elections approaching, this is a key moment for jewelers to be heard,” says JA President & CEO David J. Bonaparte. “Jewelers of America is actively engaged with lawmakers regarding the needs of jewelers, and bringing our members to Capitol Hill for these face-to-face meetings with their representatives truly gets the message across.”

In addition to Bonaparte, the group consisted of JA Director of Public Affairs & Education Susan Thea Posnock, and Jewelers of America Members – including members of the JAPAC Board and JA’s Board of Directors – representing a variety of jewelry retail firms.

Besides e-fairnesss, discussions also centered on the protection of LIFO – the last-in, first-out accounting method.  LIFO repeal is an attractive revenue raising option for some legislators and the Obama administration, which has repeatedly sought repeal. 

Jewelers also discussed extension of the 15-year leasehold improvement depreciation. Currently improvements made to retail stores must be depreciated over 39 years. Jewelers of America supports inclusion of the 15-year depreciation provision in a retroactive tax extenders package, expected to be taken up by Congress after the November midterm elections. In the long-term, the association believes the provision should be made permanent as part of overall tax reform.  

The meetings were part of a daylong agenda that included morning presentations from political strategists from both sides of the aisle. Two JAPAC fundraising events were also organized by JA’s D.C.-based legislative counsel, Haake & Associates. 

The following JA Members took part in the trip:

  • Ryan Berg, Lee Michaels Fine Jewelry; San Antonio, TX (JAPAC Board, JA Board Vice Chair)
  • Jon Bridge, Ben Bridge Jeweler; Seattle, WA (JAPAC Board, Past JA Board Director)
  • Jenny Caro, Jewelry by Design; Woodbridge, VA (JA Board)
  • Scot Congress, Congress Jewelers; Sanibel, FL (JAPAC Board Chair, JA Board)
  • Jeff Corey, Day’s Jewelers; Waterville, ME (JAPAC Board Vice Chair)
  • Joe Corey, Day’s Jewelers; Manchester, NH (JA member)
  • Bill Farmer Jr., Farmer’s Jewelers; Lexington, KY (JAPAC Board, JA Board Chairman)
  • Missy Krause, Signet Jewelers Ltd.; Akron, OH (JA member)
  • Brian Mann, David Mann Jewelers; Potomac, MD (JA Board)
  • Robert F. Moeller II, R.F. Moeller Jeweler; St. Paul, MN (JA Board)

To learn more, visit www.jewelers.org/japac/.

Add a comment

JA Reveals Designer Lineup for Summer Show Gallery

JA New York has announced the designers who have been selected to participate in this year’s New Designer Gallery.

An annual tradition at the Summer Show, this year saw an increased number of applicants for these coveted spaces on the show floor, reflecting a renewed interest in the JA New York Show.

We’re delighted to welcome these talented designers to the show,” said Drew Lawsky, Show Director for the JA New York Shows. “Our show has a long-standing tradition of supporting emerging designers, many of whom have gone on to great success in our industry. We hope that our support of these artists will be instrumental to their future success.”

The New Designer Gallery is open to any designer who has not yet exhibited at a fine jewelry trade show. JA New York underwrites the cost of these spaces, and provides the participating designers with various promotional opportunities. This year’s designers are: Anita Sandore, Betsy Frost, Charles Sherman Infinity Designs, Cynthia Jones,Garden of Silver, Judi Powers, Marcia Budet, Goldhenn Jewelry, Myrto Anastasopoulou, and TAP by Todd Pownell.

One of the New Designer Gallery participants will be awarded the Mort Abelson New Designer of the Year Award, which will be presented during a special ceremony on Monday, July 28th at 3:00 pm in the New Designer Gallery area on the show floor.

Since 1977 the New Designer Gallery has been the launching pad for some of today’s most prominent jewelry designers. The New Designer Gallery has been instrumental in assisting designers in developing and furthering their careers while gaining recognition for their talents.

Add a comment

ImaGem Announces New Grading Technology for Colored Diamonds

ImaGem has announced advanced diamond color grading technology to achieve accurate and repeatable grading of diamonds with a secondary hue.

This is a major breakthrough achieved recently by Dr. Lalit K. Aggarwal, who has worked on this problem for the last 20 years.

ImaGem can now grade diamonds with secondary hues such as brown, gray and other hues, two-toned diamonds, and colored diamonds. This can be done on-site with the newest version of ImaGem’s integrated diamond grading machine GL3200.

The GL3200 is part of ImaGem's strategy to provide latest technology to the diamond industry for on-site grading. The Grader machine has a footprint of 12 inches x 24 inches and a capacity of grading 2,400 diamonds a month.

The GL3200 Grader machine grades color, fluorescence, light behavior, proportion analysis, symmetry and alignment for round as well as fancy shapes. The loading in the machine is done by a robotic arm and the entire grading process is automated.

The GL3200 is made available as part of Lab Express Service offered by ImaGem. GL3200 is based on digital imaging technology and color science. You can now get accurate grading results not in months, or weeks or days but in minutes.

For additional information on GL3200, email info@imageminc.com.

Add a comment

Ritani Takes Honor in Seattle

Seattle Business magazine has named Ritani one of Washington’s 100 best companies to work for. Headquartered in White Plains NY, Ritani’s e-commerce operations are located in Downtown Seattle.

The company’s Seattle team attended the magazine’s event at the Westin Hotel in Seattle. Other winners included Zillow, Redfin, and Dry Soda Co

Ritani placed 10th in the category for brands headquartered outside of Washington State. Peers on the list included GoDaddy, Edward Jones and PwC.

Add a comment

Tourneau Names Two Execs

Leading luxury watch retailer Tourneau has announced two executive hires: Craig Miller, Senior Vice President of CPO (Certified Pre-Owned watches), and Gretchen Mathews, Senior Vice President of Human Resources.

As Torneau’s SVP of CPO, Miller will be responsible for analyzing CPO inventory pricing, optimizing efficiencies and growth opportunities for the department, and supporting store staff through training and education.

Miller joins Tourneau from CIRCA, where as the Managing Director of Retail, he established and oversaw the day-to-day operations of the company’s retail division, which included developing strong relationships with independent retailers nationwide to expand the company’s watch and jewelry buying capabilities.

Prior to CIRCA, Miller had extensive experience with fine jewelry brands including GRAFF, Cartier, Bulgari, and Van Cleef & Arpels, in addition to his extensive watch and jewelry training in Paris and Geneva.  He began his career at the American Design Group, a wholesale firm for jewelry retailers.

As SVP of Human Resources at Tourneau, Mathews will develop, implement and support programs and processes to enhance the culture and talent at Tourneau. 

This will be achieved through comprehensive understanding, strategic planning and innovative ideas regarding best practices, as well as a proactive approach to talent acquisition in order to recruit the best talent in the industry. 

Matthews joins Tourneau from Vince Camuto, where she served as the SVP of Talent Management. Prior to Vince Camuto, Mathews gained extensive experience in recruiting and talent acquisition in the luxury retail space, working with fashion brands including Michael Kors, Sam Edelman, Kenneth Cole and Brown Shoe.

 

“These new executives illustrate Tourneau’s dedication to acquiring superior talent that will strengthen the entire organization,” said Ira Melnitsky, CEO of Tourneau. “We are confident that their extensive experiences will lead to great success at Tourneau.”

Add a comment

GIA Sets Panel for July Career Fair

On the heels of last year’s successful GIA New York Jewelry Career Fair, which connected 44 gem and jewelry companies with more than 800 aspiring professionals, the Institute has announced a not-to-miss opening panel for its July 28 event at the Jacob Javits Center.

The leading industry event is free for job seekers and open to the public; anyone interested in attending is urged to RSVP prior to the event.

The career fair will begin with a panel of industry leaders discussing “Job Success in Today’s Market” moderated by Susan Jacques, president and CEO of GIA and featuring Mercedes Abramo, president and CEO of Cartier North America; Ashley Chan of Leslie Hindman Auctioneers; Andrea Hansen, partner of Luxe Intelligence and president of the Women’s Jewelry Association; Douglas K. Hucker, CEO of AGTA; and Steven Lagos, founder and chief creative director of LAGOS Jewelry. The panelists tell the stories of their unique journeys to success and offer practical advice for aspiring gem and jewelry professionals.

“GIA’s New York Jewelry Career Fair is a singular opportunity to hear from some of the most distinguished and successful luminaries in our industry right in the heart of one of the world’s leading gem and jewelry centers,” said Kathryn Kimmel, GIA vice president and chief marketing officer, and co-founder of the GIA Jewelry Career Fair. “We encourage everyone with an interest in jewelry – whether you’re a seasoned pro, a newcomer to the trade or a jewelry lover – to come out and see firsthand how vast the opportunities in our industry really are.”

Aspiring jewelry professionals – including those in retail, design and manufacturing – will be able to meet with dozens of job recruiters and spend one-on-one time with volunteer career-coaches.

GIA’s New York Jewelry Career Fair will take place from 8 a.m. to 1 p.m. on Monday, July 28 at the Javits Center during the JA New York show. Recruiting will occur from 10 a.m. to 1 p.m. The event is sponsored by JA New York.

 

For more information, visit www.gia.edu/career-fair or call (800) 421-7250, ext. 4100, or email careerfair@gia.edu.  

Add a comment

The IDEX Online Polished Price Report for June 19

There were again few changes overall in round diamond prices, according to the weekly IDEX Online Price Report, with a bias to declines rather than increases.

 

Fancy shape diamonds posted a range of changes price rises as they have done for the past several weeks.

 

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

 

Rounds

 

  • 0.18-0.22 cts just one changes, downward

  • 0.23-0.29 cts I / VS1 -3.0% to $1,600 p/c

  • 0.30-0.39 cts K / IF -2.9% to $1,700 p/c

  • 0.40-0.44 cts I / I1 -4.2% to $1,150 p/c

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts K-L / I1 declines of around 4%

  • 0.70-0.79 cts unchanged

  • 0.80-0.89 cts no changes

  • 0.90-0.99 cts L-M / IF rising by 3-4%

  • 1.00-1.24 cts several declines

  • 1.25-1.49 cts L-M / I1 declining by 3-4%

  • 2 cts two declines

  • 3 cts unchanged

  • 4 cts just two increases

  • 5 cts F-G / SI1-SI2 rises of 1-3%

 



 

Fancy Cuts

 

  • 0.18-0.22 cts D / VS1 +3.1% to $1,650 p/c

  • 0.23-0.29 cts F / VS2 +3.7% to $1,400 p/c

  • 0.30-0.39 cts many increases

  • 0.40-0.44 cts H-I / VS2 rises of 3-4

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts mostly rising

  • 0.70-0.79 cts just two changes, both increases

  • 0.80-0.89 cts G-H / I1 declines of 2%

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts no changes

  • 1.50-1.99 cts I-J / I1 rises of 2-3%

  • 2 cts two changes, one up and one down

  • 3 cts a wide range of increases

  • 4 cts G / SI1 -3.3% to $17,800 p/c

  • 5 cts no changes

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

Albert Robinson is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Albert has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Group Asks for Legal Advisory on “Made in America”

Four trade associations, along with the Richline Group, have asked the Federal Trade Commission for an advisory opinion stating that jewelry composed of metals recycled in this country could be advertised as “Made in the USA.” 

The four associations are the Jewelers Vigilance Committee, the Manufacturing Jewelers and Suppliers of America, Jewelers of America and the American Gem Trade Association. 

The FTC’s standard for advertising a product as “made in the USA” is that the product must be “all or virtually all” made in the United States. 

“All or virtually all” means that all significant parts and processing that go into the product must be of U.S. origin.  Marketers advertising a product as “Made in the USA” must be able to substantiate the claim.  For products made of metal this can be very difficult. 

One reason is that much of the metal used in jewelry manufacturing was originally mined in foreign countries, not here in the U.S.  Second, it is generally impossible to determine the original source of a metal after it has been refined or smelted. 

The trade associations and Richline asked the FTC to focus on products made from metal recycled in this country, and to allow those products to be advertised as “Made in the USA.”  Many of the jewelry items produced in the United States, particularly gold items, are made of recycled material.  Recycling starts with the collection of used jewelry, electronic components, investment bars and manufacturing by-products.  The items are melted, then undergo the same chemical refining process as would newly mined metal to produce the nearly pure material that is used by manufacturers.

The request for an advisory opinion was based on the fact that significant time and resources go into collecting recyclable material, delivering it to refiners in the United States, and then processing the items to a purity level of almost 100%.  The associations and Richline argued that upon recycling, metal begins a new life cycle, with a new origin in this country - regardless of where it was originally mined.  For this reason, according to the request, products composed of metals recycled in this country should qualify for a “Made in the USA” claim.  If the request is granted by the FTC, sellers would be able to make the claim – as long as they could substantiate that the metal was recycled at a domestic refinery.

The request for an advisory opinion will be considered by the FTC’s Bureau of Consumer Protection. 

 

Any questions can be directed to Karen Kovach at karen@jvclegal.org. To keep up to date with JVC updates and events, be sure to follow us on Facebook, Twitter @jvclegal and visit our website, www.jvclegal.org.

Add a comment

WR Cobb Now Offers Financing on E-Commerce Platform

WR Cobb recently announced that they will offer financing to qualified consumers shopping online. Offering this additional feature is an enormous perk for both WR Cobb, and their numerous retailers.

Jay Gerber, WR Cobb’s Vice President of Sales and Marketing states, “We have added this feature to help our retailers with conversions, as we have discovered that financing in the world of e-commerce is a significant driver of sales.”

Gerber is correct; sales will organically increase with the implementation of an up-to-date payment service. Stores that offer consumer financing are more enticing when purchasing large-ticket items, avoiding the immediate depletion of your bankroll. The financing option attracts new customers, but may also lead to an additional purchase, or upgrades. Today, customers are becoming more accustomed to the availability of financing, so this forward-thinking move affords WR Cobb an essential role in an extremely competitive marketplace.

WR Cobb’s improved financing service is via PayPal’s secure Bill Me Later program. The program’s main advantage is the ease of use, and streamlining the checkout process for consumers and retailers alike, by allowing consumers the opportunity to buy now, and remit payment later (six months).

WR Cobb Online develops e-commerce solutions, and specializes in diamond configurator platforms for independent retailers.

 

For more information, see www.wrcobbonline.com.

Add a comment

Frederick Goldman Unveils Mobile Price Checker

Frederick Goldman Inc. has launched an innovative mobile Price Checker, developed with state-of-the-art technology and enhanced retailer insights.  The mobile Price Checker is the latest digital point-of-sale tool to be added to their growing technology suite.

“Frederick Goldman Inc. has developed an innovative tool that will allow our sales staff to sell more effectively, while also providing enhanced visibility into our business management and profitability within all of the Frederick Goldman brands,” says Brad Gross, Vice President of H.L. Gross & Bro. Jewelers in Garden City, NY.

The new mobile Price Checker is an easy-to-use POS sales tool that is accessible via any smart phone for “on the spot” pricing and style information for all Frederick Goldman Inc. brands. The mobile Price Checker enables retailers to maintain full contact with consumers without ever having to step away from the counter to look up pricing and/or product information.  This advanced technology will make it easier for retailers to stay engaged with consumers and heighten the overall customer experience allowing them to close more sales.  The mobile Price Checker is an extension of the newly designed B2B website, providing retailers with the same pricing and product information.

“Our company has always been committed to long-term growth and industry leadership by providing our retail customers with high-quality fine jewelry and superior service through creativity and innovation,” says Jonathan Goldman, CEO of Frederick Goldman, Inc. 

In addition, Frederick Goldman Inc. has recently refreshed their B2B website to provide retailers with an enriched branded environment making it the go-to resource for retail customers. The site is easy to navigate and designed to simplify the ordering process by allowing retailers to quickly identify the item(s) they need, place orders, lookup prices, and check order status quickly. 

 

Retailers may access and sign up for the B2B site at b2b.fgoldman.com.

Add a comment

GIA Now Accepting Scholarship Applications

Gemological Institute of America began accepting scholarship applications online on Sunday, June 15 for its 2015 Gemology and Jewelry Manufacturing Arts programs, courses and lab classes. Applications will be available through Oct. 31on the Institute’s website, scholarship@gia.edu.

Scholarships are available for distance education eLearning courses and for classes at the Institute’s campuses in Bangkok, Carlsbad, Hong Kong, London, Mumbai, New York and Taiwan; and at the GIA branch in Dubai.

A number of awards for international eLearning courses (up to $1,500) and awards for U.S.-based lab classes (up to $1,400) are available. The scholarships, sponsored by private donors and the GIA endowment fund, supplement GIA’s wider scope of offerings. Scholarship highlights include:

The inaugural Tawfic Farah Memorial Scholarship will award full tuition for an on-campus student in Mumbai to pursue their Graduate Gemologist (GG) diploma, including the required Diamond Grading, Colored Stone Grading and Gem Identification lab classes

To recognize the many important contributions by Bert Krashes and Eunice Miles to further gemological knowledge during their careers at GIA, full scholarships for the U.S on-campus and eLearning Graduate Gemologist (GG) diploma program have been created in their names

 

In Jan. 2014 the Institute awarded its Fall 2013 scholarships to 151 students in 29 countries. The scholarships, totaling more than $500,000, align with GIA’s goals of providing quality education in gemology and jewelry to the trade and aspiring professionals.

Add a comment

GIA Exhibits at African Career Event

A student meets with Joseph Mecuur, regional business development manager for GIA in Africa, at GIA’s booth at Career Indaba in Johannesburg, May 19-20. Photo courtesy Tim Phillips and Zara Eckles,

More than 6,000 students, graduates and job seekers attending the Career Indaba trade show in Johannesburg, May 19-20, were introduced to the exciting world of gemology and opportunities in the global gem and jewelry industry.

Gemological Institute of America exhibited at the leading South African career resource event for the second time, building on its commitment to bring industry-leading gemological and jewelry design education to the nations that produce diamonds and other gems. 

Representatives from GIA, a global independent organization dedicated to ensuring the public trust in gems and jewelry through research, education and laboratory services, met with prospective students, handing out education materials and discussing gemology and jewelry program options. 

“Many attendees were amazed at the variety of programs GIA offers in gemology and were excited to learn more,” said Elizabeth Bokaba, GIA’s manager of alumni and client relations in South Africa. “We’re happy to exhibit at Career Indaba – a show that offers great opportunities to aspiring professionals – and look forward to returning again in the future." 

Many students, teachers and schools expressed interested in GIA’s Junior Gemologist Program, which gives students from ages of 10-15 the opportunity to discover the world of gemology through hands-on, practical training.

Since 2008, GIA has expanded its presence in Africa, opening two full-time laboratories and offering classes in Gaborone and Johannesburg, establishing partnerships with government agencies and universities throughout the continent, and maintaining a global network of active alumni. Today, there are more than 900 alumni and two GIA Alumni Chapters in Africa.    

 

For more information about GIA education in Africa, visit www.gia.edu.

Add a comment

Aurora Butterfly on Exhibit at LA History Museum

The Aurora Butterfly of Peace, a world-famous private collection of colored diamonds arranged in the shape of a butterfly, has extended its stay at the Natural History Museum of Los Angeles County.

The art piece, rarely seen in public viewings, will stay on exhibit in the Gem and Mineral Hall’s Gem Vault until January 2015.

The one-of-a-kind piece, which contains 240 natural colored diamonds, is a stunning collection assembled by Harry Rodman and curated by Alan Bronstein over a period of 12 years. The piece was arranged to display their exceptional range of color. Colored diamonds have since become popular, recording the highest value for gemstones at public auctions. 

Natural colored diamonds are extremely rare and this collection, weighing a total of 167 carats, is a rainbow of hues. The spectrum includes purple diamonds from Russia, blues and oranges from South Africa, lime greens from Brazil, violets, and dozens of pink diamonds from the Argyle mine in Australia.

“I am interested in a diamond’s flaws and impurities, which offer clues into the geological conditions that have dubbed diamonds ‘messengers of the deep Earth’,” said NHM’s Dr. Eloïse Gaillou, Associate Curator of the Gems and Mineral Collection.

 

The unique art piece was most recently displayed at the Museum of Fine Arts, Boston, and has also been shown at the Smithsonian’s National Museum of Natural History.

Add a comment

Calgaro Signs Distribution Deal with Abbiamo

Abbiamo Group today announced they have signed a distribution agreement with Chimera Glamour for their newly acquired Calgaro Italian fine jewelry brand, with its various patented manufacturing processes in silver and gold.

Known for the revolutionary marriage between the worlds of jewelry and fabrics, Calgaro chains are made from thin strands of gold and silver woven into durable threads, which are pliant feather light. 

Effective immediately, the agreement entitles Abbiamo the rights to distribute Calgaro in North America, Canada, Caribbean and Mexico through Abbiamo's network of prestigious jewelry and upscale department stores. 

Abbiamo presently distributes and markets many prestigious watch, fine and fashion jewelry brands in the western hemisphere.

“Abbiamo’s network will definitely provide us with the market penetration needed to reach our prestigious distribution channels. Chimera Glamour has considered many distribution partners and we are confident that Abbiamo’s past relationship with Calgaro and its consistent reputation for launching successful brands through unique marketing concepts will leverage our position in the North American market,” said Pina Pannone, Export Manager for Chimera Glamour.

"Made in Italy, Calgaro will rise back to its rightful position as one of Italy's most prestigious handmade silver jewelry brands in the USA." said Michael Pucci, President and CEO of Abbiamo LLC.

 

"We are ecstatic that Chimera Glamour chose us to re-introduce the brand in the market. Retailers will understand, once again, there is nothing like their silver processes when they rediscover Calgaro.

Add a comment

Overnight Highlights New Halo Heads Collection

With all of the most popular diamond shapes, in virtually all center sizes, Overnight has the halo head you’re looking for.

Overnight's Halo heads are made to fit any setting that takes a peg head, giving you the ability to create new looks easily and instantly.  

Overnight stocks all of the heads as semi-mounts in 14k for immediate delivery.  Alloy sample displays are also available for only $199. 

All halo heads are available in 10k, 14k, 18k, Platinum and Palladium and can be set with any one of our Nine diamond qualities. 

 

To view, price, and order any of the Halo heads (or the Halo Head display), go to www.overnightmountings.com.  All prices are listed retail at daily metal market.

Add a comment

Tennenbaum Will Write About LGBT Jewelry in New Magazine



Jewelry designer Rony Tennenbaum is teaming up with EQL, a brand new print magazine committed to the celebration of Lesbian, Gay, Bisexual and Transgender weddings and destinations.

Tennenbaum is set to premiere his column on wedding jewelry etiquette in the first issue of EQL Magazine due out on newsstands this month providing readers with a fresh take on jewelry news, fashion, protocol, wedding and engagement themes, tips and advice.

The burgeoning same-sex wedding industry is fast-steadily attracting a wide range of not only businesses looking to expand into the “untapped" booming LGBT market; but is also attracting a new group of consumers. As more and more visionary companies are taking the leap, they seek to do so by calling upon Tennenbaum’s expert understanding in the culture, tastes and needs of the LGBT community, as well as the jewelry and diamond worlds.

Tennenbaum’s outreach to both community and retailers in his public appearances called, “Rony Talks”, has been sending a strong message of inclusiveness to the LGBT community for almost a decade. More than just a designer, Tennenbaum understands the need in educating a generation of retailers as well as consumers who are facing new traditions and etiquettes.

Add a comment

IGI Offers Jewelry Training Services

The International Gemological Institute has collaborated with the Gems and Jewelry Skill Council of India, an affiliate of the Indian government, to address the vital need for professional jewelry training services throughout the country.

Under the alliance, the Institute will offer its expertise – including the IGI School of Gemology’s Polished Diamond and Jewelry Design courses – for a marginal fee to manufacturers and retailers in Mumbai and Surat.

Internationally renowned for its quality and regulation standards, IGI holds its curriculum to the same model. The Institute’s instructors have been accredited through a stringent government assessment procedure, assuring a well-qualified, dedicated team that adheres to the highest criteria.

The Polished Diamond Grading curriculum, specifically, will include an in-depth study of diamonds, taking students through an all-inclusive journey from mines to market. Integrating the latest industry research, the course will include training to identify imitations and treatments, incorporate hands-on learning along with visual tools, as well as cover market trends and grading processes for different types of diamonds. The workshop will also place special focus on the 4Cs, along with identification of laboratory-grown and treated diamonds.

The hand-sketch jewelry design course will build student confidence in drawing ideas as designs, as well as provide an overview of gold calculations and budgeting.

“There is no doubt the Indian jewelry industry is growing at a rapid rate. With such progression, it is only fair to encourage an environment of increased professional education and know-how among trade members and applicable staff,” said IGI India Managing Director Tehmasp Printer. “Together with GJSCI, IGI will strive to maintain its high international standards while working to develop a skilled workforce, ultimately strengthening the growth and efficiency of this sector.”

Add a comment

MJSA Announces 2014 Vision Award Winners

MJSA has announced the winners of its 2014 MJSA Vision Awards. This year, the annual contest added awards for jewelers making good use of CAD/CAM technology and digital marketing, along with awards for the creative use of laser welders. The contest also still celebrates outstanding overall design excellence, future of design entries (students), and custom design prowess.

Categories were open to independent or company-employed U.S. and international jewelry designers. The Future of the Industry Award was open to any student enrolled in an art, design, or jewelry-related program at a college, university, or a proprietary technical school.

Winners were selected by a distinguished panel of jewelry designers, manufacturers, and editors of leading jewelry trade publications. Judges considered originality, presentation quality, effective use of materials, wearability, and the design's perceived manufacturing and marketing potential.

The contest winners will be celebrated throughout 2014 in digital and print media, and at the 2015 MJSA Expo New York. A complete list of winners follows:

2014 MJSA Vision Award Winners

1st Place Professional Excellence (4+ Years in Business)
Moonstone Ring
Leon Mege
Leon Mege Inc.
New York City

2nd Place Professional Excellence (4+ Years in Business)
1st Place CAD/CAM Distinction
Reversible Palladium Pendant
Robin Waynee
Ryan Roberts Ltd.
Santa Fe, NM

1st Place Professional Excellence (1-3 Years in Business)
"Flowing Colors" Pendant
Evan deJonghe
Evan Maxwell Design
Saratoga Springs, NY

2nd Place Professional Excellence (1-3 Years in Business)
"Arachnophobia" Ring
Nghi Nguyen
NGHI Design
Brooklyn, NY

1st Place Laser Distinction
Garnet Ring
Ryan Roberts
Ryan Roberts Ltd.
Santa Fe, NM

1st Place Custom Design Distinction
Siamese Cat Pendant
Chelsea Knights
Mark Schneider Design
Long Beach, CA

1st Place Digital Marketing Distinction
Danielle Ginsberg
Mark Schneider Design
Long Beach, CA

1st Place Future of the Industry (Student)
"Cacophony of Harmony" Neckpiece
Jinbee Park
Fashion Institute of Technology New York New York City

2nd Place Future of the Industry (Student)
"Primavera" Dissymmetrical Ring
Dora Kovacs
Studio Jewelers
New York City

To see photos and full descriptions of the jewelry and marketing that won 2014 MJSA Vision Awards, go to http://mjsa.org/events_and_programs/mjsa_vision_awards/2014_vision_award_winners/.

Add a comment

ASA Offers Appraisal Course

ASA's new offering, GJ202 - Appraising Gems and Jewelry for Insurance Coverage course will be held July 21-24 in McLean VA.

This course is open to both ASA and non-ASA members. It is required for those seeking ASA accreditation. Although intended to teach the basics, it will also appeal to practicing gems and jewelry appraisers, offering the most current information regarding terminology and USPAP requirements, and the opportunity to network with top-level appraisers from across the country, in a small group of highly motivated learners whose interaction will enhance one another's understanding of the material.

Upon completion of this course, the student will possess the tools and confidence necessary to write gem and jewelry appraisal reports for insurance coverage in compliance with USPAP and ASA report writing requirements.

To register or for more information visit www.appraisers.org or call (800) 272-8258.

Add a comment

IGI Launches Young Gemologist Program in India

The International Gemological Institute recently launched its "Young Gemologist" summer workshop, an introductory half-day session designed for students 10-15 years of age, in Mumbai.

After receiving overwhelming initial interest, and enrolling 30 participants in its first course on May 21, the IGI School of Gemology has expanded the program into a regular, ongoing weekend offering.

Serving as an introduction to the basics of gemology, the program's coursework guides participants through important questions related to the origin, value and construction of gemstones. Specific curriculum includes:

  • Gemstone color ranges and varieties
  • Twelve zodiac stars/signs and related gemstone

"The 'Young Gemologist' workshop is very close to my heart, as it is an experience I would have loved as a kid," said IGI India Managing Director Tehmasp Printer. "Gemstones are a fascinating subject, and we should introduce youngsters to the thrills of this industry at an early age. IGI instructors are tailoring the subject matter with young people in mind and are very confident the kids will find it enriching."

Printer continued, "IGI's hope is that this initiative will help aspiring gemologists explore and learn about gemstones in detail - something that is not covered in standard educational curriculum. The initial response has been outstanding, and we look forward to continued success as we broaden the program into a regularly occurring workshop."

Parents interested in course details can contact IGI at indiaeducation@igiworldwide.com.

Add a comment

Kama Schachter Boosts Launches Bridal Collection in US

Kama Schachter of Asia has launched a new collection of bridal jewelry, Chimera, in Las Vegas at the recently concluded JCK show.

The collection features stunning new designs of engagement rings. Each piece features special-cut diamonds that are set to create the look of a large solitaire.

Chimera Bridal Collection is designed with multiple special cut stones that are seamlessly set to diffuse the outlines and create an illusion of a single large diamond. The illusory single-stone-look, makes the ring center appear twice as large. The diamonds are set one against the other, creating an illusion of unbroken brilliance. This bridal jewelry collection offers a "large look" at unbeatable pricing.

Speaking about the show and the new collection, Colin Shah, MD Kama Schachter said: "This was our first year at Luxury by JCK and we are very happy with the response received at the show. Kama Schachter has successfully launched three private label brands in the US and works with the top best retailers in US.

"In order to increase our presence & offerings in the US market, we launched a stunning new bridal collection of special cut diamond jewelry called Chimera. We also enhanced product offerings in our existing brands. The collection was well received by the retailers who visited the show.

"At Kama we have always worked towards offering innovative designs and trendsetting jewelry to every discerning customer & our offering at the show was only a reiteration of the same."

The mosaic-like setting in every Chimera bridal ring is crafted with outstanding artistry, using multiple diamonds cut to exacting standards to recreate the magic of a massive solitaire. Each piece of this exquisite line uses special cut diamonds set closely making the center look twice as large.

The expertly crafted centers that recreate the magic of a solitaire are available at nearly half the price of the equivalent single stone making the collection appealing to customers who are looking for value in diamond intensive designs.

Add a comment

Conference Will Focus on Asian Jewelry

The Rubin Museum of Art and the Association for the Study of Jewelry & Related Arts will partner to offer a one-day conference, Asian Jewelry & Related Arts. The conference will take place on September 20 at the Rubin Museum during New York’s Fall Asia Week.

This is the first time a conference on jewelry has been offered during Asia Week New York. The conference will offer a wide range of topics from experts in their field ranging from cutting edge technology in dating ancient gold jewelry from China to jewel-like fabrics traditionally used in Asian countries.

The array of speakers will offer an opportunity to learn about diverse aspects of the history and beauty of ancient and antique jewelry, materials and techniques, and other related subjects pertaining to a number of Asian countries.

Conference speakers include: 

  • Keynote Speaker: Katherine Anne Paul, PhD,Curator, The Newark Museum, Asian Arts Department: Material and Spiritual Riches: Jewels and Jewelry in Himalayan Arts 
  • Eric Hoffman, Jade Researcher and Writer: Jade, The Precious Stone of Heaven 
  • Michael Teller/Melanie Roy, TK Antiques: Scientifically Documenting Asian Antiquities: The Dating of Gold
  • Robert Mintz, Ph.D,Chief Curator, Walters Art Museum: Use and Re-Use of Japanese Lacquer for Decorative Arts
  • Cecilia Levin, Ph.D, Researcher: Glittering Emblems, The Design Schema and Significance of Ancient Javanese Gold
  • Margaret Duda, Author and Researcher: Chinese Silver Adornment in the Qing Dynasty and After
  • Susan Ollemans, Susan Ollemans Oriental Art: 18th and 19th Century Indian Mughal Jewelry 
  • Emily Banis Stoehrer, Ph.D candidate, Assistant Professor at Fisher College, Boston: All That Glitters: Precious and Jewel-like Materials from Bengal to Bali

The conference will take place on Saturday, September 20, from 9 a.m.–5 p.m. at the Rubin Museum of Art, 150 West 17th Street, New York City. An optional Study Day will be offered on September 21, which will include brunch, a tour of the Rubin Museum, a tour of the Asian Galleries at the Metropolitan Museum of Art, and afternoon tea. 

Tickets for each day are $350 and are available at rubinmuseum.org/asianjewelry.

 

Details for both the conference and Study Day, and information on how to register can also be found at www.jewelryconference.com or by emailing elyse@jewelryandrelatedarts.com.

Add a comment

India Forms Diamond Monitoring Committee

In the recent past, a few cases of undisclosed mixing of synthetic diamonds with natural diamonds were reported. In view of India’s position as a leading diamond hub and in order to eliminate this undisclosed mixing and ensure confidence of the international trade in the Indian industry, the Natural Diamond Monitoring Committee was formed. 

NDMC consists of representatives from the GJEPC, BDB, GJF, GIA and other Trade Bodies in the Gems & Jewellery sector. NDMC has in the past few months undertaken a study to effectively address the issue of undisclosed mixing.

This has been one of the most comprehensive studies ever undertaken in the sector – spanning eight countries across three continents over a period of nearly four months and incorporating inputs from a wide variety of players including manufacturers, retailers, equipment firms, testing laboratories, global trade bodies, legal firms, consultants and industry experts. 

Based on this study, NDMC has developed solutions that will ensure fair trade practices to curb the issue of undisclosed mixing and ensure full and fair disclosure to the purchaser.

Contrary to some previous publications, our research shows that the current production technology, gem-quality synthetic diamond rough production is less than 350,000 Carats compared to over 125 Mn Carats of natural gem-quality rough. With this production quantity, we find that undisclosed mixing today has a fairly small scale.

Today, several firms including De Beers, GIA, and HRD etc. make different models of machines ranging from portable standalone desktop machines to large spectroscopy-based machinery to segregate diamonds. All these machines are highly effective and have been in use for several years within the Trade – though not on a systematic basis.

Given this landscape, we have developed solutions to safeguard against accidental or intentional mixing. Our solutions have covered four key solution areas – Regulatory, Commercial, Process and Technology.

Regulatory: These solutions will target greater traceability of goods in the value chain and penalties for those found to be indulging in undisclosed mixing. The two most significant solutions we have proposed are to firstly have a more granular HS Code system to track the global flow of synthetic diamonds and secondly, to empower and encourage Trade bodies to make modifications in their Articles and Constitutions to clearly outline undisclosed mixing as an unfair practice and to outline and implement strict penal measures against players found to be indulging in such activities. Apart from these measures, we also propose a change to the Consumer Protection Act to give greater protection to purchasers.

Commercial: These solutions have been designed to ensure greater accountability and trust within Trade. We have worked with WFDB on these mechanisms and already put in place suggested standard declarations to accompany Trade invoices globally, which would provide clarity to buyers on the nature of the goods being purchased.

Process: We have designed solutions for players to minimize potential for undisclosed mixing. These include rigorous testing protocols for goods as well as a thorough KYC process in line with the Prevention of Money-Laundering Rules. These measures will be supported by putting in place adequate machines for testing and systems for tracking and storing all transaction data – including test logs and invoices – and accompanying declarations.

Technology: NDMC will take the lead in driving more sophisticated, rapid and scalable technology to assist players in segregation of diamonds. To this end, a centralized testing laboratory has already been set up within the BDB premises which can be utilized by any player wishing to test parcels or individual diamonds. More such laboratories will be setup soon. In parallel, NDMC will drive technology symposiums, seminars and interactions with technology players at an individual and group level to rapidly drive forward scalable and affordable solutions for the industry.

We are confident that these measures will go a long way in safeguarding the interests of all value-chain participants, each of whom has a large stake in ensuring a transparent ecosystem. Moving forward, the NDMC will also continuously monitor solution implementation. 

We have involved Trade bodies and players at a global level in all our efforts and have outlined key actions that each stakeholder will undertake in implementing these solutions. The final report containing details of these solutions can be found on the GJEPC website.

 

We would like to thank all those players who have cooperated in this study – including GJEPC, BDB, WFDB, AWDC, GIA, GJF, MDMA and also several players in the natural and synthetic diamonds ecosystems that have been forthcoming, cooperative and supportive of our initiative.

Add a comment

Recruiter Registration Now Open for GIA’s New York Fair Now Open

Gem and jewelry companies seeking skilled and motivated talent are invited to participate in the Gemological Institute of America New York Jewelry Career Fair on Monday, July 28 at the Javits Center.

The acclaimed recruiting event will feature a panel discussion, one-on-one career coaching, and hiring opportunities for various careers within the field. Recruiter registration is available online now at www.gia.edu/career-fair-employer-registration-form.

 

Employers interested in recruiting at this year’s Career Fair can sign up by using the registration form, contacting GIA’s Career Services office at (800) 421-7250 ext. 4100, or emailing kimberly.overlin@gia.edu.

Add a comment

Las Vegas Antigue Jewelry and watch Show Boosts Attendance

The Las Vegas Antique Jewelry & Watch Show has reported a 25 percent increase in opening day attendance, 11 percent cumulatively, at the May 29-June 1 event.

Held at the Paris Hotel & Casino during Las Vegas’ Jewelry Week, the four day tradeshow featured the largest selection of antique jewelry and watches from nearly 400 dealers. The event is hosted by U.S. Antique Shows, the world’s leading producer of indoor antique shows.

“The improvements made to this year’s show was largely based on feedback we received from our exhibitors,” says Dan Darby, Emerald Expositions vice president and U.S. Antique Shows general manager.

“The redesign of the show floor, attendee badging system and thoroughly vetting attendees who can access the show proved successful. We received an overwhelming amount of positive remarks from both dealers and attendees who felt that the new show floor design was easier to navigate and shop. As a result of these incredibly successful changes, we had more than 90 percent of dealers renew their booths for 2015.”

Maurice Moradof, owner of Yafa Signed Jewels, has participated in U.S. Antique Shows events for 25 years. “This year, in Las Vegas, we sold many significant pieces to interested buyers. The Las Vegas Antique Jewelry & Watch Show continues to improve year after year demonstrating that the antique jewelry market is very strong.”

Another highlight this year was J.A.B.W.C.J. LTD London’s 1658 antique silk on wood jewelry box, the oldest item on the 2014 show floor. Acquired from a private family in Italy, there are only two known jewelry boxes dated from this period in the United Kingdom. 

In its 18th year, the Las Vegas Antique Jewelry & Watch Show has consistently hosted not only incredible merchandise from all eras of jewelry history, but also industry recognized dealers who attract clientele from across the globe. The increased attendance was a standout feature at this year’s show as many dealers commented on the strong buying power that was ongoing each day of the show.

“We haven’t stopped the whole time and sold everything from one carat to 3.5 carat diamonds!” exclaims owner of National Estate Jewelers Barry Blank.

National Estate Jewelers has been family owned and operated for four generations and Blank has always actively participated in U.S. Antique Shows events. “We’ve worked with U.S. Antique Shows for more than 29 years. The Las Vegas show has been an excellent opportunity for us to showcase our pieces and we have a great location on the show floor.” 

Charterhouse & Sons Vice President John Greiner has also had great success this year in Las Vegas. “It has been very busy for us and there has been lots of trading, selling and buying. U.S. Antique Shows always produces reputable shows and attracts established dealers and serious buyers to each of their events. It makes it very easy for us to conduct sales and develop new client relationships.”

 

U.S. Antique Shows now produces nine shows nationally. The next show scheduled is the New York Antique Jewelry & Watch Show, July 25-28, 2014 at the Metropolitan Pavilion.

Add a comment

TracTech Wins First JCK Shark Tank Event

TracTech Systems won the first-ever JCK Shark Tank, based on the hit ABC television series. 

JCK chose TracTech, along with five other innovative jewelry industry companies, as finalists to deliver a seven-minute presentation introducing their products. 

The event took place as JCK Las Vegas kicked off on May 29th at the Mandalay Bay Resort and Casino. A full audience was in attendance, who then voted for the winner based on the presentations. 

The exhibition was performed by TracTech CEO Keven Peck and Chief IT Officer Meir Strobel.

Both Keven and Meir are beyond excited they won, but more importantly, happy to deliver the message about TracTech’s revolutionary RFID system to the jewelry industry.

“We truly believe our system will change the way the industry runs”, explained Keven via a celebratory phone call to his excited staff, “TracTech will save people time, money, and a lot of frustration, and it’s my pleasure to showcase this to my peers.”

TracTech Systems is the leader in RFID inventory management technology with an array of jewelry tags, printers, and readers. 

TracTech is the first system of its kind within the industry, and was created in close partnership with jewelry veterans.

 

To learn more about TracTech, visit www.TracTechSystems.com.

Add a comment

The IDEX Online Polished Price Report for June 5

Price changes were again relatively few and far between in round diamonds, according to the weekly IDEX Online Price Report, with rises and declines fairly evenly balanced.

Meanwhile, in fancy shape diamonds, there were again many changes, for the most part positive.

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

Rounds

  • 0.18-0.22 cts just one change, downwards

  • 0.23-0.29 cts J / VS1 -3.2% to $1,500 p/c

  • 0.30-0.39 cts J / VVS2-SI1 rises of 2-3%

  • 0.40-0.44 cts K / I1 -5% to $950 p/c

  • 0.45-0.49 cts just one change, downwards

  • 0.50-0.69 cts F / IF +3% to $5,200 p/c

  • 0.70-0.79 cts a wide range of changes

  • 0.80-0.89 cts many declines

  • 0.90-0.99 cts mostly rising

  • 1.00-1.24 cts M / I1 +4.6% to $2,300 p/c

  • 1.25-1.49 cts four changes, two rising and two declining

  • 2 cts unchanged

  • 3 cts H / IF-2.9% to $29,800 p/c

  • 4 cts unchanged

  • 5 cts G / VS1 -3% to $42,700 p/c



Fancy Cuts

 

  • 0.18-0.22 cts E / IF +3.1% to $1,650 p/c

  • 0.23-0.29 cts D / VS2 +3.2% to $1,600 p/c

  • 0.30-0.39 cts just one change, downwards

  • 0.40-0.44 cts two changes, both upwards

  • 0.45-0.49 cts I / SI1 +3.7% to $1,400 p/c

  • 0.50-0.69 cts many rises in better colors and clarities

  • 0.70-0.79 cts a range of increases

  • 0.80-0.89 cts F-I / I1 declines of 2-3%

  • 0.90-0.99 cts three changes, all upwards

  • 1.00-1.24 cts F / I1-I2 rises of 3-5%

  • 1.50-1.99 cts D / SI2-I2 rises of 2-3%

  • 2 cts G / SI1 +2.8% to $11,000 p/c

  • 3 cts J / SI1 +2.6% to $7,800 p/c

  • 4 cts G-I / SI2 rises of 2-3%

  • 5 cts L-N / VS1 rising by 2-3%

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

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

The IDEX Online Polished Price Report for June 12

There were relatively few changes again in round diamonds, according to the weekly IDEX Online Price Report, with slightly more rises than declines.

Fancy shape diamonds again posted many price rises as they have done for the past several weeks.

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

Rounds

  • 0.18-0.22 cts just two changes, both downwards

  • 0.23-0.29 cts I / SI1 -4.0% to $1,200 p/c

  • 0.30-0.39 cts J / VS1 +2.7% to $1,900 p/c

  • 0.40-0.44 cts M-N / SI1 rising by 4.0%

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts J / I2 +5% to $1,050 p/c

  • 0.70-0.79 cts unchanged

  • 0.80-0.89 cts no changes

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts L-M / I1 declines of 3-4%

  • 1.25-1.49 cts L-M / I1 rising by 3-4%

  • 2 cts just one change, downwards

  • 3 cts two changes, one up, one down

  • 4 cts D / SI1 +3.1% to $29,700 p/c

  • 5 cts E-H / SI1 rises of 3%

 

Fancy Cuts

 

  • 0.18-0.22 cts E / VVS1 +3.2% to $1,600 p/c

  • 0.23-0.29 cts F / VS2-SI1 rises of 3-5%

  • 0.30-0.39 cts G-I / SI1 increases of 3-4%

  • 0.40-0.44 cts two changes, both rising

  • 0.45-0.49 cts J / SI1 +4.4% to $1,200 p/c

  • 0.50-0.69 cts mostly rising

  • 0.70-0.79 cts just one change, an increase

  • 0.80-0.89 cts two rising, two falling

  • 0.90-0.99 cts G-H / I1 rises of 3%

  • 1.00-1.24 cts G-H / I1 increases of 3%

  • 1.50-1.99 cts unchanged

  • 2 cts no changes

  • 3 cts J-N / SI1 rises of 2-3%

  • 4 cts unchanged

  • 5 cts no changes

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

Albert Robinson is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Albert has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Diamond Empowerment Fund Hosts Gala


Phyllis Bergman – D.E.F. Board President and CEO Mercury Ring; Dr. Benjamin F. Chavis Jr. - D.E.F. Co-Founder and Senior Strategic Advisor; Chaka Khan; Russell Simmons – D.E.F. Co-Founder and Chairman

The Diamond Empowerment Fund brought together a unique mix of the international diamond jewelry industry, government officials from diamond producing nations, government dignitaries and celebrities on May 29.  

In D.E.F’s first U.S. based gala event, the organization raised over $1 million dollars to benefit its global mission. D.E.F supports initiatives and programs that help diamond communities throughout the world.

Guests were treated to an intimate performance by music icon Chaka Khan while mingling with celebrities including Jaime King, Otis Williams of the Temptations, Denise Nicholas and pop music artist Mair.

The emcee for the evening was Dr. Benjamin F. Chavis, Jr., civil rights leader and D.E.F. advisor. 

D.E.F. presented the 2014 Global Diamond Industry Achievement Award to His Excellency, the Honorable President Ian Khama and the Government of the Republic of Botswana, the largest producer of diamonds by value in the World.

Accepting on behalf of the Republic of Botswana, the Honorable Minister of Minerals, Energy and Water Resources Kitso Mokaila stated, “Our mineral wealth is a catalyst for improving the lives of our people. We will always associate with the Diamond Empowerment Fund for the many initiatives they take to ensure countries like ours are able to do what is necessary for its people”.   

While presenting the award to Minister Mokaila, Michael Barnes, CEO of Signet Jewelers Limited stated “Signet has been a supporter of D.E.F. since its inception in 2007 and we are committed to engaging our peers and our suppliers in D.E.F’s industry-wide initiative of corporate social responsibility. Our customers expect this of us. Our employees and others expect this of us. But quite frankly, we expect this of ourselves. We need to do this because it is the right thing to do.”

The program was opened with welcoming remarks s by D.E.F’s co-founders, Russell Simmons and Philippe Mellier, CEO The De Beers Group of Companies.  “I am pleased to welcome the industry leaders to Diamonds in the Sky Las Vegas. Former President Nelson Mandela encouraged us to establish D.E.F to empower people in diamond communities throughout the world. We are here tonight to celebrate that a diamond equals love”, said Russell Simmons. 

Philippe Mellier reaffirmed this emotional connection, “the diamond moment when a man makes a commitment to a woman that will last a lifetime, drives everything we do. De Beers and Forevermark believe deeply in the power of diamonds to transform communities and build countries and through our five decades of partnership with Botswana we know first hand how diamonds can be harnessed to strengthen a democracy, elevate a people and secure a country’s future.  D.E.F. was founded on this premise and as a founding member we continue this legacy of support and partnership through the Forevermark Promise Scholars Program”. 

Phyllis Bergman, D.E.F’s President of the Board stated, “Tonight, the monies that we raise will be used not only to enable D.E.F to support our existing beneficiaries, to add new ones & to insure D.E.F's growth, but to continue to be a progressive and socially conscious organization focused on supporting the good initiatives carried on in all the countries in the world that benefit from the diamond and diamond jewelry business. We will bring this message to consumers globally under our new ‘Diamonds Do Good’ platform”. 

Bruno Sané, Global Marketing Director for Rio Tinto Diamonds, introduced D.E.F’s new Global Diamonds Do Good video. Bruno Sané highlighted the importance of D.E.F’s new initiative in communicating to consumers how diamonds have a positive legacy. “We are also here as a sign of commitment that together we will communicate to consumers that diamonds are a global force for good that make a lasting difference for the communities in which we mine, in which we manufacture and sell diamonds.”

Premier Presenting Sponsors of Diamonds in the Sky Las Vegas included Rio Tinto, Signet Jewelers Limited (Kay Jewelers, Jared the Galleria of Jewelry, Zales Jewelers), and The De Beers Group of Companies.  

Joining them were Premier Partner Sponsor Chow Tai Fook Jewellery Group Limited, and Premier Patron Sponsors KGK Group, Le Vian Group and Tiffany & Co. Special guests included Alrosa, represented by Vice-President Andrey Polyakov and Dominion Diamonds represented by CEO Robert Gannicott. D.E.F’s Empowerment Circle Partners include; Forevermark, Dalumi Group, Malca-Amit, Brilliant Earth, Exelco (Tolkowsky Diamonds), Leo Schachter Diamonds (The Leo Diamond), Sarine, and Tiffany & Co.

For more information, see www.diamondempowerment.org.

Add a comment

Breitling Contest Offers Trip to Europe with Jet Team

Breitling has announced an online video contest for Breitling enthusiasts with a grand prize of a ride of a lifetime – a trip to Europe to fly with the Breitling Jet Team in Breitling L-39C Albatros.

The winner will fly with the Jet Team in their home base of Dijon, France and take an exclusive private tour of the Breitling Chronométrie in La Chaux-de-Fonds, Switzerland.

The Breitling Jet Team is the largest aerobatic display team of its kind; comprised of seven L-39C Albatros jets that can reach speeds of up to 565 mph. The Team has flown across 36 countries all over the world, and will be coming to the US for the first time in 2015. 

To enter, fans can submit an original video that best captures the spirit of aviation via the Breitling Facebook page by June 12. The winner will be chosen by the Breitling Facebook Community. 

To view a video on the contest, please click here.

Add a comment

Simon G. Soiree Brings Out the Stars


Brittny Gastineau and Heather McDonald (wearing David¹s Bridal) at Simon G Soiree

Simon G. Jewelry celebrated style and design with their annual Simon G. Soiree at the Four Seasons Hotel in Las Vegas on Saturday, May 31. 

Celebrity attendees included Jaime King, Chris Noth, Cheryl Burke, Mark Ballas, Brittny & Lisa Gastineau, Melissa Rycroft and Tye Strickland, Heather McDonald, and Gilles Marini, who were all seen wearing their favorite Simon G. Jewelry pieces, mingled with the crowd and sipped on specialty drinks before watching a special poolside stage performance by Michael McDonald.

The night of festivities kicked off with comedian and host Heather McDonald, who looked gorgeous in her David's Bridal dress and Simon G. jewelry, taking the stage to welcome the guests. Heather roused the crowd with her hilarious impressions and sketches, which can be seen through new show, Lipshtick at The Venetian Hotel in Vegas on Friday, July 18th. Guests were treated to delicious cocktails and bites while viewing a poolside showcase of Simon G.'s latest pieces.  

Dancing with the Stars co-stars Cheryl Burke and Mark Ballas danced up a storm to the tunes of Michael McDonald classics like "What a Fool Believes" and "Minute by Minute". Cheryl looked radiant in a David's Bridal peplum little-black-dress and Simon G Jewels.

 

New parents Melissa Rycroft & Tye Strickand enjoyed a night out while gushing about their kids and newest addition, one-month-old Thomas.

 

 

Add a comment

AGA Seeks Nominations for Bonanno Excellence Awards

The Accredited Gemologists Association is seeking nominations for the 2015 Antonio C. Bonanno Excellence in Gemology Award. This prestigious award recognizes major contributions made in the field of gemology.

Nominees for the Antonio C. Bonanno Award must have made a significant contribution to the gemological field, i.e., in research, education, etc., or defended and upheld gemological standards in a way that has benefited the larger gem and jewelry community. Past winners include leading research gemologists from world renowned laboratories, educators, market analysts, and developers of innovative software solutions for the gemological field.

The call for nominations is open to the international gem trade. Membership in the AGA is not required to nominate, or be nominated for the Bonanno Award.

A valid nomination will explain why the proposed nominee should receive the award. The nomination should describe the current or past contribution(s) or accomplishment(s) that have inspired the nomination. Please provide specific examples in support of your candidate. Nominations should be made in 250 words or less.

Nominations may be submitted using the forms on the AGA website, accreditedgemologists.org/award.

The deadline to submit a nomination is July 15, 2014.

The winner is selected by the members of the AGA in the fall. The award consists of a specially commissioned bronze plaque, along with a specially commissioned medallion and check for $2,000 US.

Winners are honored each year in Tucson, Arizona, at the Gala Awards Ceremony and Dinner-Dance held at the conclusion of the AGA Gemological Conference. The 2015 AGA Tucson Conference will be held Wednesday February 4, 2015 at the Marriott University Park Hotel.

Add a comment

Jewelers for Children Raises $2.9 Million

On June 1, Jewelers for Children held the 16th Annual Facets of Hope event in Las Vegas at the Mandalay Bay Resort and Casino.

The charity announced that $ 2.9 million had been raised to support their charity partners in the year ahead and that since 1999, more than $45 million had been donated on behalf of the industry to help children in need.

“JFC is the industry’s charity and by being involved, you are helping us make a difference in the lives of children and their families,” said Ruth Batson, JFC board chair. “Over the past 16 years, we have touched the lives of so many children and their families.”

The evening began with a cocktail reception, followed by dinner and the program.

During the program, the organization recognized Mike Barnes, CEO of Sterling, Inc. and Glenn and Susan Rothman of Hearts On Fire. Guests heard from St. Jude patient Ellen and her mom Ann, as well as Judy Tudor, representing the National CASA Association.

Batson announced that the charity was pledging $750,000 to St. Jude Children's Research Hospital, $725,000 to Make-A-Wish America, $600,000 to the Elizabeth Glaser Pediatric AIDS Foundation, $600,000 to the National CASA Association, $ 100,000 to Make-A-Wish India and $ 25,000 to the Santa-America Fund. The organization is also setting aside $ 100,000 to reward in a local grant, social media voting campaign to be held later this year.

Add a comment

Day’s Jewelers Appoints Dorcas Riley New VP of Finance

Dorcas (Benner) Riley has joined Day’s Jewelers as its Vice President of Finance.

After graduating from Colby College and completing her accounting education at Thomas College, Riley began her career with the public accounting firm Ernst & Young in Portland ME.

She later moved back to central Maine and served as chief financial officer for several central Maine companies, including PFG NorthCenter Foodservice and Kennebec Savings Bank, before joining the Day’s Jewelers team.

“Bringing Dorcas Riley onto the Day’s Jewelers team, as our new VP of Finance, was a critical decision for us,” said Day’s owner Kathy Corey. “She brings a wealth of financial talent and

experience in addition to her strong logic and strategic mindset.

 

“Dorcas embraces the values that have guided our company for 100 years. We appreciate her enthusiasm and her ability to bring positive approaches to problem solving.”

Add a comment

GIA Board Focuses on Certifications, Synthetics

Gemological Institute of America’s Board of Governors met May 18 and 19 in New York City for the first of its two scheduled 2014 meetings and formally inaugurated the Institute’s new laboratory and education facility in the International Gem Tower.

In addition to discussing regular business, the board focused on the challenges posed by unprecedented demand for GIA’s identification and grading services, and growing industry concerns about synthetic and treated gemstones.

To address the elevated service time resulting from high demand for GIA laboratory services, the governing body of the public-benefit institute directed GIA’s management to examine the potential for adding a diamond grading facility in Surat, the center of India’s globally-important diamond manufacturing industry, as well as affirming its support for GIA’s expanded hiring program and other measures.

The board also increased funding for continued research into the detection of synthetic and treated gems, and for further innovation to speed the diamond grading process. 

The Board identified three factors contributing to the exceptionally high demand for GIA grading reports:

  • Many banks appear to be requesting grading reports to substantiate loans
  • Concerns about undisclosed synthetic diamonds have made effective screening, especially of smaller stones, much more important
  • An increase in consumer demand in developing markets for smaller stones with GIA grading reports

Speaking after the meeting, Chair of the GIA Board of Governors John Green said, “Over the past 18 months, GIA has seen a dramatic increase in demand for laboratory services, especially for diamonds weighing less than one-half carat. To address the demand-driven longer service times, particularly in the increasingly important Indian manufacturing sector, GIA will study the feasibility of expanding our laboratory presence to Surat, bringing grading services that much closer to our clients.” 

The board increased funding for GIA’s research programs. The Institute’s team of 38 full-time research scientists, including 20 with doctoral degrees, focuses its efforts on developing the tools and techniques to identify synthetic and treated diamonds, colored stones and pearls. The research team is working to expand the capability of GIA’s DiamondCheck system and to develop technology and processes to further accelerate the grading process.

 

Addressing representatives of the New York gem and jewelry industry gathered to mark the opening of GIA’s new facility in the city’s Diamond District on Monday, May 19, Green said, “This fantastic new space brings together the three pillars of GIA – our comprehensive, long-term research efforts, our industry-leading laboratory services, and the most recognized gem and jewelry education programs in the world – all in one fabulous location.” GIA moved its laboratory into the 80,000 square foot, three-floor facility in mid-March; gemology and jewelry design classes started in the new location on May 27.

Add a comment

India’s Gem & Jewellery Council Targets the Americas

India’s Gem & Jewellery Export Promotion Council has announced a major, new, multi-level business development campaign focused on the U.S., Canadian and South American markets.

The purpose of the campaign is to reinvogorate, strengthen and expand GJEPC’s business development efforts and build trusted relationships between India’s key jewelry industry companies and individuals and their counterparts in these American markets.

India’s gem & jewellery exports to USA stood at US$ 4.79 bn in 2013 as compared to US$ 4.03 bn in 2012 indicating an increase year on year from 11 percent in 2012 to 13 percent in 2013. What is noteworthy is majority of the US leading traders are serviced by Indian manufacturers reinstating India’s commitment to produce the one of the most exquisite and desired jewellery pieces.

First, the Council is setting up a series of in-depth Business Development Conferences so the GJEPC-India and its colleagues in the Americas will have opportunities to meet in person, discuss issues and find solutions.

Next, the groups will work on developing “best practices” directed towards today’s rapidly changing business landscape. The third step is to create an atmosphere that is continually replenishing and reinvigorating vendor/client relations with face-to-face meetings and social events designed to create new ideas and engender even stronger business partnerships and personal ties. 

Fourth, the BDCs will let both groups listen to important and relevant keynote topics presented for thoughtful discussions between the global colleagues as they work to build new and profitable economic bridges and enhance personal relationships. 

Additionally, the Council plans to sponsor additional activities that will support and boltster this work as the campaign goes forward.

According to GJEPC–India Chairman Vipul Shah,“We know that the U.S., Canadian and South American markets are uniquely important to our Indian gem and jewelry industry. India is one of the leading and preferred importing and sourcing destination for these regions when it comes to gems and jewelry. We look forward to meeting our colleagues from the Americas face-to-face to talk about all aspects of the gem and jewelry trade and how we can better work together to the greater success of all.”

The Council plans to hold several face-to-face business development meetings in Phase One of a three-year-long campaign. Besides these key meetings, the Council will host ancillary events to support campaign activities. 

According to Shah, the first meeting will be a four-day event called the “2014 Indo/U.S. Business Development Conference” (BDC), to be held in Chicago on Sept. 5-8. 

Participants will hammer out new and better ways to work together in all aspects of the gem and jewelry trade, including manufacturing, design, production, gem and jewelry material acquisition and retail marketing .

Shah said, “This September BDC is the first such event held in the USA. For us, this is a significant outreach program to the Western Hemisphere, not only looking at our important markets, but including our colleagues, clients and competitors. In today’s world, change is constant, and we hope BDCs, such as the one upcoming in Chicago, and the many supporting activities we have planned, will make sure India’s gem and jewellery industry is tied firmly into the world’s trends, technologies and capabilities.”

“Indian business community are one of the frontrunners in following ethical business practices through various CSR activities they carry out to support social causes including adopting ‘No Child Labour’ Policy. GJEPC through its strong nework and being a responsible KP member has propogated and ensured that the Diamonds engaged in the trade are conflict free”, Mr. Shah added

GJEPC Vice Chairman Pankaj Parekh added, “We are looking forward to developing close business and personal ties with people throughout the Americans. Traveling to our important markets will help us learn more about the people there, and how to strengthen and grow many wide-ranging business interests together.”

Parekh said that the BDC will “share information into the Council’s ‘Buyer/Seller Matching Initiative’, and showcase the beauty, artistry and production values of gorgeous Indian jewelry.” 

 

Parekh added that they expect to see 15 manufacturer/exporters from India with 15 to 20 companies from North America participating at the Chicago event. 

Add a comment

New Gumuchian Collection Highlights Bees

Debuting in Las Vegas this year at the JCK show on May 30th is Gumuchian’s “B” Collection, a suite of apis-inspired jewels created to support the world’s declining honeybee population.

A portion of the proceeds from the collection, the amount of which has not yet been determined, will be donated to support HoneyLove.org, a non-profit which supports urban beekeeping and home gardens. 

According to recent studies, including those by the U.S. Department of Agriculture, one in every three bites of food consumed in the United States is either directly or indirectly pollinated by bees.

“I have never been afraid of bees. I think they’re wonderful” said Patricia Gumuchian, who was inspired to design the collection after reading numerous articles about the effects that a declining honeybee population would have on the environment.

“I look around our office of women and think about the worker bees – who are the female bees – and how valuable they are to our livelihood. Our family gatherings and holidays largely center on all types of foods. What would happen if these things just went away? The effects could be detrimental. We need to change what’s going on.”

 

The capsule collection, offered in 18k gold, includes both link and cuff bracelets, earrings, pendants, rings and five different bee-related charms, and suggested retail prices start at $1,400. “Many of our collections are inspired by nature,” said Vice President of Sales, Myriam Gumuchian, “but this aspect of nature didn’t just inspire the designs, it also inspired us to be part of something bigger.”

 The “B” collection by Gumuchian will be available at booth P-23 in the Prestige Promenade at the JCK show. 

Add a comment

Jewelry Coach Taps David Peters

The Jewelry Coach has appointed David Peters to the position of chief learning officer. Peters will manage all content development and delivery efforts as well as work directly with jewelry retailers to develop customized business improvement and performance management programs.

Most recently, Peters served as director of education and industry relations for Jewelers of America, where his areas of responsibility included education development and delivery, member benefit development and jewelry trade relations.  Prior to his over 14 years at JA, Peters spent seven years as an instructor at the Gemological Institute of America and more than 16 years in the retail jewelry industry.

Peters holds a Master of Science in education administration with a concentration in educational technology, a Bachelor of Arts in music, and is a Graduate Gemologist.

Peters comments, “I am thrilled to be a part of The Jewelry Coach team, and I look forward to helping develop and grow their outstanding education and training offerings. I am very fortunate to be joining such a progressive organization – a company completely in sync with the training needs of today’s professional jewelry retailer.”

 

“David’s wealth of experience and industry knowledge has already made him a key addition to The Jewelry Coach family”, says The Jewelry Coach CEO and founder, Pat Henneberry. “He shares our values and our focus on innovation, and he places the same strong emphasis as we do on the customer experience. He has shown himself to be an extraordinary leader throughout his career, and we are very fortunate to find someone of David’s caliber to fulfill this role.”

Add a comment

Designer Ahluwalia Unveils Expanded Forevermark Collection

 Forevermark US President Charles Stanley, Forevermark CEO Stephen Lussier, Waris Ahluwalia, and De Beers group of companies CEO Phillipe Mellier

Designer Waris Ahluwalia attended a private cocktail reception hosted by the De Beers group of companies at THE Hotel at Mandalay Bay in Las Vegas Wednesday to announce his expanded Forevermark Diamond Collection.

Launched in October 2013, the Hour of Waris for Forevermark Diamond Collection has expanded to 20 pieces, featuring four design collections: Drop, Lantern, Compass, and Southern Star.

All designs in the collection are inspired by Ahluwalia's recent trip to De Beers group locations in South Africa and Botswana to explore the journey of a Forevermark diamond and to experience the way these responsibly sourced diamonds benefit the communities from which they originate.

 

The House of WARIS for Forevermark Collection with be sold and manufactured exclusively by Forevermark Manufacturer H. J. Namdar (Booth LUX1303).

Add a comment

Sarine Partners with RapNet

Sarine Technologies has announced cooperation with Rapaport's RapNet Diamond Trading Network to provide Sarine Loupe imagery on polished diamonds showcased for sale on their industry-standard website.

Rapaport's RapNet web-based platform has been enhanced to optionally provide Sarine Loupe imagery (along with GIA’s inclusion plotting and proportions sketch) in an integrative and seamless manner, providing unique visual information that will empower online trade.

The new Sarine Loupe imagery allows potential buyers to visually inspect a polished diamond offered for sale, as never possible before. As an embedded new feature of RapNet's upgraded user interface, the Sarine Loupe may be viewed subsequent to the diamond being scanned at a Sarine service center, or on-site by the seller, on a pay-per-stone basis.

The imagery provides various levels of visualization, setting a new standard of information, transparency, enabling more confident and informed trade. The different visualization levels are:

  • Table view image – a static image of a diamond table-up, to readily decide if the diamond is of interest.
  • Impression Mode – simulated video imagery of the diamond as it rotates and tilts on the screen, allowing an understanding of the diamond's appearance and its main characteristics
  • Inspection Mode – the diamond can be manually rotated and viewed from different angles and axes from virtually any angle top to bottom and rotated 360 degrees for detailed inspection. This capability, not provided by any other available imagery system, provides the ability to fully garnish an understanding of the stone's imperfections, their reflections throughout the stone, the details of the faceting, the girdle, naturals, etc. The inspection also allows an additional magnification ability of the polished diamond to nearly microscopic inspection levels.

We are also working to further enhance the system so that additional layers of impression will be provided.

Martin Rapaport, Chairman of the Rapaport Group commented, "This integration of Sarine's new imaging technology on the RapNet Diamond Trading Network will make it possible for buyers to see diamonds over the internet. It will significantly improve transparency and efficiency in the diamond trade as it enables buyers and sellers across the world to transact diamonds online with greater assurance of quality. We congratulate Sarine on this initiative and are delighted to be working with them implementing new technology that improves the diamond trade."

Uzi Levami, Sarine Group's CEO, commented, "The cooperation with RapNet will significantly increase the exposure of Sarine Loupe to buyers around the world on the most popular online network for polished diamonds. We are, as we have previously commented, striving in different ways to support the diamond trade, especially online, as we strongly believe in its potential for advancing the industry and empowering its various players.

“We are excited by the endorsement by Rapaport, and their decision to be the launch platform to adopt this essential innovation, and to seamlessly provide this information to their customers. We believe that this will create an objective means by which to make informed decisions online about buying the stones, without being encumbered by the inefficiencies that are currently part and parcel of the trading process."

To see an example of Sarine Loupe imaging of a GIA certified 2.5 carat round brilliant diamond, with Color H, Clarity VS1 and Excellent Cut, go to http://www.sarine.com/m2.php.

Add a comment

GIA Names Brad Brooks-Rubin to New Post

Strengthening its commitment to bring benefits of the global gem and jewelry industry to producing communities, Gemological Institute of America has appointed Brad Brooks-Rubin to the newly-created position of global director of Development and Beneficiation.

Brooks-Rubin, the former Special Advisor for Conflict Diamonds in the U.S. Department of State, has extensive international experience working with industry, government and civil society on matters relating to conflict minerals and gems. He joins GIA’s development team and will work with nongovernmental organizations, trade groups and government agencies to further GIA’s beneficiation initiatives in gem producing regions.

“Brad’s extensive experience in international law, government and compliance combined with his commitment to promoting transparency in the gem and jewelry industry will contribute significantly to GIA’s beneficiation and economic development efforts in the nations and communities that are so important to the global trade. I’m very pleased to welcome Brad to GIA,” said Susan Jacques, the Institute’s president and CEO.

“As an independent, global public-benefit organization, GIA is in a unique position to foster sustainable development of local economic value in gem producing regions. I look forward to working with GIA’s stakeholders for the benefit of the ultimate consumer, and the people and communities who are such an important part of this industry,” said Brooks-Rubin.

Brooks-Rubin joins GIA from Holland & Hart LLP, where he counseled international clients on trade sanctions, export controls, and international trade laws and regulations.

He previously served as Special Advisor for Conflict Diamonds in the U.S. Department of State and as an Attorney Advisor for the U.S. Department of the Treasury. Brooks-Rubin is a recipient of the Jewelers Vigilance Committee’s Stanley Schechter Award and is a published author. He holds a Doctor of Law (JD) degree from Georgetown University Law Center and a Bachelor of Arts degree from Washington University in St. Louis.

For more information about GIA, visit the website at www.gia.edu.

Add a comment

LUXURY Show Opens in Las Vegas

LUXURY, JCK Events' by-invitation-only show, has opened its doors to an exclusive group of retailers.

Celebrating its 15th year, the show boasts 230 exhibitors, including the designer brands of Elite Enclave, in an upscale, relaxed environment allowing for increased networking and maximized business. LUXURY takes place at Mandalay Bay Hotel & Casino, Four Seasons, and THE hotel through Monday, June 2nd.

The day began with a keynote address by The Jewelry Activist, Diane Warga-Arias, who spoke of bridging the gap between Fine and Fashion jewelry. "The way the consumer thinks of and shops for jewelry is evolving, and with that comes a new approach to how we present collections to the end consumer," noted Ms. Warga-Arias. "It's critical for retailers to push beyond their existing boundaries to meet the demands of this 'new' consumer in their stores."

John Tierney, Vice President for LUXURY, took the stage to announce the finalists of the inaugural Retailer of the Year Award. Following the theme of the morning, the nominated retailers exemplified the best and brightest of the jewelry community, elevating jewelry's profile in their individual markets.

The five finalists are: Deville Fine Jewelry, Houston, TX; Harold Stevens Diamond and Jewelry Studio, San Diego, CA; Nettle's Fine Jewelry, Saint Augustine, FL; Occasions Fine Jewelry, Midland, TX; and Schmitt Jewelers, Phoenix, AZ. The industry now has until Wednesday evening to cast its vote via text messaging for the winner. The Retailer of the Year will be announced on Thursday morning at the LUXURY breakfast.

"The number of applications for consideration of Retailer of the Year were tremendous with over 50 stores submitting," explained Mr. Tierney. "It gave us an amazing, in-depth look at how extraordinary a job retailers across the country are doing to create the best experience for their consumers."

The event will focus on networking between exhibitors and retailers, highlighted during a series of events for all-access badge holders, to include daily breakfast presentations with speakers Diane Warga-Arias and Darcy Miller of Martha Stewart Weddings, catered luncheons, this evening's poolside gala and Michael Jackson ONE by Cirque du Soleil, Wednesday evening's 'Dine Out,' and nightly Late Night Lounge.

LUXURY exhibitors and retailers shared their thoughts at the close of Day 1. "After a successful first day, we're looking forward to a great week. The organization and new floor layout at LUXURY is superb," shared Shant Hovsepian, Danhov.

"Today consisted of a lot of meetings, a lot of writing and a lot of business being done on the show floor today," shared Lucien Lee, of Hale's Fine Jewelry, of South Carolina. "We spent a lot of money and look forward to coming back tomorrow to do it all over again."

LUXURY opens to all retailers on Friday and continues through June 2nd.

Add a comment

Jewelers Mutual Honors Bob Carroll, Four Others

For more than 35 years, Bob Carroll of Robert G Carroll & Associates has been an independent agent of Jewelers Mutual Insurance Company, and, last week he was recognized with the Legacy Award.

The award was presented for the very first time by Jewelers Mutual, before an audience of his agent peers, by Patrick Drummond, chief sales officer, and Darwin Copeman, president and CEO, at Jewelers Mutual's National Sales Conference.

"When people think of Jewelers Mutual, they think of people like Bob Carroll - agents who are passionate about the jewelry industry, know the business inside and out and understand the risks jewelers face every day," said Copeman. "He stands out among his peers for his commitment to loss prevention, his service to the jewelers in his area and his commitment to representing Jewelers Mutual."

Accepting the award, Carroll stated, "I'm stunned. Thank you to Jewelers Mutual and the support staff. I learned from all of you. I'm thankful that Jewelers Mutual has given me a grand opportunity to do something that I love and make a living at it at the same time. It's a great combination. I'm stunned."

Carroll has been a long-time advocate for jeweler safety and security, sharing loss prevention information with jewelers through "CrimeFax," a crime alert and loss prevention bulletin sent to a network of jewelers throughout the Southwest, as well as writing "The Best Policy" column in Southern Jewelry News and Mid-America Jewelry News on topics related to security, loss prevention, and jewelry insurance.

Carroll also serves on the board of the Oklahoma Jewelers Association, Arkansas Jewelers Association and Jewelers Executive Conference. In a related endeavor, Carroll serves on the Oklahoma Alarm and Locksmith Licensing Board, a gubernatorial appointment, and is the current Chair of that body. In 2009, Carroll was inducted into the Oklahoma Jewelers Hall of Fame. He began working with Jewelers Mutual in 1980 with the Thad Farmer Agency. In 1986, he set up his own independent agency.

Carroll lives in Edmond, Oklahoma with his wife Jean and is active in his local community serving on the board of YMCA Camp Classen, playing as principle cellist in the Oklahoma Community Orchestra, and volunteering for his church and other charities.

In other news from Jewelers Mutual, Bob Carroll joined Rick Franchi, Kent McClenahan, Karen Signorino and Rhea Van Hook as the first inductees to the new Agent Hall of Fame.

These five agents were selected because they demonstrate extensive experience in jewelers block insurance and long-term partnerships with Jewelers Mutual. The inaugural presentation was held among a group of agent peers during Jewelers Mutual's National Sales Conference, which draws together jewelers block agents from around the country and Canada.

"Jewelers Mutual agents are the leading jewelers block insurance experts, and our Hall of Fame inductees represent the best of the best," said Darwin Copeman, president and CEO of Jewelers Mutual.

"All five of our Agent Hall of Fame inductees have built incredible careers serving the jewelry industry and partnering with Jewelers Mutual. They are experienced, knowledgeable, passionate and loyal, and they should be proud of their success with Jewelers Mutual. We look forward to many more years of working together to help protect jewelers and the jewelry industry from the unexpected."

Members of the Agent Hall of Fame are recognized for their commitment to excellence in serving the jewelry industry and Jewelers Mutual's commercial policyholders. They are regarded by the company as trusted advisors, demonstrating outstanding expertise in the areas of underwriting and loss prevention. Many have also served as mentors to fellow agents.

Add a comment

Kingswood’s Shows New Product, Gets Couture Show Recognition

The Kingswood Company, the world’s leading supplier of high-quality, private-label jewelry care products, has announced the addition of a new cleaning formula to their line.

The Kingswood Company’s Natural Jewelry Cleaner is an all-biological cleaner, which offers customers an eco-friendly jewelry cleaning option.

The product will be debuted at JCK Las Vegas at the end of the month and has been chosen as a competing product in the inaugural JCK Shark Tank Program.

In the company’s 55-year history, this is only the fourth formula to be introduced, joining Kingswood’s trade-secret Fine Jewelry Cleaner, Gentle Jewelry Cleaner and Silver Jewelry Cleaner jewelry cleaning formulas.

Sensing a demand in the Market, the company embarked on a research and development process which culminated in this innovative, all-biological, non-chemical jewelry cleaning formula, the only jewelry cleaner to be EPA listed. Like its predecessors, The Kingswood Company’s Natural Jewelry Cleaner will be available as a private-label product.

JCK Shark Tank pits six chosen products in a competition designed after the popular ABC TV program of the same name. The competition will be held on May 29 from 1 – 2 p.m., with participants offering a seven-minute presentation on the value of their product. The winner will be announced during the JCK Opening Ceremony on May 30 at 9 a.m.

The JCK Shark Tank judges chose The Kingswood Company to be a finalist “because its organic, non-toxic jewelry cleaner is a simple, on-trend and very important product for retailers who are more focused on running a sustainable business.”

“We believe that this formula fills a gap in the jewelry cleaner market,” explained Kristie Nicolosi, President and CEO of The Kingswood Company. “Other eco-friendly cleaners on the market quite frankly do not work well. Our Natural Jewelry Cleaner is not only ‘green’ but makes jewelry sparkle as well as the other fabulous cleaning formulas we offer.”

In other news from Kingswood, the company has been chosen by The Couture Show as its exclusive jewelry cleaner and the sponsor of the new Sparkle + Shine Lounge.

“We searched the world for the finest jewelry cleaning products to best represent the Couture brand,” said Gannon Brousseau, Show Director. “It is very exciting to share these outstanding jewelry care products with our exhibitors, knowing that they meet the same high standards as the jewelry and timepiece brands exhibited at Couture.”

Add a comment

The IDEX Online Polished Price Report for May 22

There was a wide range of activity in smaller and medium-size goods with approximately even levels of rises and declines, but thin action among larger diamonds, according to the weekly IDEX Online Price Report.

Fancy shape diamonds again posted a large variety of changes which were mostly upwards, but with considerable numbers of decreases.

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

Rounds

  • 0.18-0.22 cts just two changes, both downwards

  • 0.23-0.29 cts J / VS2 +3.6% to $1,450 p/c

  • 0.30-0.39 cts E / VS1-VS2 rises of 2%

  • 0.40-0.44 cts E-G / IF rises of 2-3%

  • 0.45-0.49 cts many rises in lower colors and mid-clarities

  • 0.50-0.69 cts mostly rising

  • 0.70-0.79 cts E-H / I3 declines of 3-4%

  • 0.80-0.89 cts mostly declining

  • 0.90-0.99 cts D / IF +2.9% to $1,440 p/c

  • 1.00-1.24 cts F-G / SI1 rising by2%

  • 1.25-1.49 cts just two changes, one rising and one declining

  • 2 cts unchanged

  • 3 cts no changes

  • 4 cts unchanged

  • 5 cts no changes



Fancy Cuts

 

  • 0.18-0.22 cts I-J / IF-VVS1 rises of 4-5%

  • 0.23-0.29 cts E-G / -SI1 declines of 4-5%

  • 0.30-0.39 cts manyrises

  • 0.40-0.44 cts K / IF +3.7% to $1,400 p/c

  • 0.45-0.49 cts many increases in top colors and clarities

  • 0.50-0.69 cts J / VS1-VS2 rising by 3%

  • 0.70-0.79 cts just one change, downwards

  • 0.80-0.89 cts I / SI3-I2 declines of 2-3%

  • 0.90-0.99 cts just one change, downwards

  • 1.00-1.24 cts unchanged

  • 1.50-1.99 cts two changes, both upwards

  • 2 cts I / VS1 +3.6% to $8,700 p/c

  • 3 cts justtwo changes, one up and one down

  • 4 cts F / I1 +3.3% to $6,200 p/c

  • 5 cts justtwo changes, one rising and one declining

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

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

GIA Announces JCK Show Schedule

Gemological Institute of America will host a series of special presentations, demos and much more at the JCK gem and jewelry show May 30 – June 2 at the Mandalay Bay Resort & Casino in Las Vegas.

From free in-booth presentations to education seminars to an exclusive sneak peek at the Institute’s Carlsbad museum exhibit, GIA’s booth at L99 is a not-to-miss stop at the 2014 JCK Las Vegas show. More details are available on the website at http://www.gia.edu/. Show highlights include:

 

GIA In-Booth Briefings

For the third consecutive year, GIA will host a series of free 20-minute in-booth briefings, where Institute experts shed light on some of the industry’s most relevant topics. The briefings will take place from Friday, May 30 through Monday, June 2 at booth L99. Topics include:   

•           Field Gemology in Sri Lanka, Brazil and China

•           The Latest on Synthetic Diamonds

•           Enhancing Your Online Presence

•           Jewelry Quality Assurance Benchmarks

 

Show Service Laboratory

Show attendees will have convenient access to gem identification and country-of-origin services through the GIA Show Service Laboratory. Expert GIA gemologists will accept gemstones at Palm G (Level 3 of Mandalay Bay Convention Center) Thursday through Sunday, May 29 – June 1 from 9 a.m. to 5p.m.; and Monday, June 2 from 9 a.m. to 1 p.m.

 

The Beauty of Science: Museum Displays

For an exclusive taste of GIA’s Carlsbad exhibit “The Beauty of Science: Gems & Gemology Celebrates 80 Years, Featuring the Artistry of Harold and Erica Van Pelt,” show attendees can stop by booth L99 from May 30 – June 2. Stunning pieces of historic and gemological significance featured on three different covers of the Institute’s award-winning scientific journal will be displayed side-by-side with their iconic Van Pelt 

 

Education Seminars

Andy Lucas, GIA’s manager of field gemology and course development, will present two seminars at Banyan B. Tuition for each is $175. Previous gemological training and/or experience is recommended and pre-registration is required. To register, call 800-421-7250, ext. 4001 or email admissions@gia.edu.   

 

Identifying Diamond Treatments

Thursday, May 29, 9 to 11 a.m.

Attendees will learn about the most important diamond treatment processes currently used in the gemstone market. Through a combination of lecture and a hands-on lab, the seminar covers the nature and treatment identification of diamonds including, laser drilled, fracture filled, HPHT, irradiation and multiple treatment processes. Attendees will learn how to separate laser manufacturing remnants from treatments.

 

Colored Stone Treatment Update

Thursday, May 29, 1 to 3 p.m.

Attendees will learn about the most important treatment processes currently used in the gemstone market. Through a combination of lecture and hands-on lab, the seminar covers the nature and treatment identification of commercially important gemstones used in jewelry.

 

GIA Experts at Free Seminars

 

Update on Synthetic Diamonds

Friday, May 30, 10 to 11:15 a.m. at Tradewinds B

GIA’s Distinguished Research Fellow Dr. James Shigley will provide an update on GIA’s research into synthetic diamonds and will summarize how gemologists identify them. He will also introduce attendees to DiamondCheck™, GIA’s new device that accurately identifies colorless natural, untreated diamonds in the D-to-N range and refers diamonds that are potentially synthetic or treated for further examination.

 

Synthetic Diamond Disclosure Panel

Friday, May 30, 1 to 2:15 p.m. at Tradewinds A

Dr. Shigley will be part of a panel on synthetic diamond disclosure, discussing what should be done and what others in the industry are doing to better protect the public and the trade.

 

Educating the Next Generation of Jewelry Makers and Bench Jewelers Panel

Sunday, June 1, 1 to 2:15 p.m. at Tradewinds C

Mark Mann, GIA’s global director of Jewelry Manufacturing Arts, will be part of a panel discussing education for modern jewelry makers.

 

Alumni Bungalow at “JCK Rocks the Beach”

Sunday, June 1, 8:30 to 11 p.m.

 

The GIA Alumni Association is hosting Bungalow 2 at The Beach at Mandalay Bay during the “JCK Rocks the Beach” reception, featuring Grammy Award-winner Rob Thomas of Matchbox Twenty. Show attendees are encouraged to stop by to network and mingle with GIA alumni and industry members from across the globe. The event is open to all JCK badge holders; tickets will be distributed based on a first-come, first-served basis on Friday and Sunday at the show’s Ticket Centers.

Add a comment

National Assn. of Jewelry Appraisers Will Meet in September

The National Association of Jewelry Appraisers has announced its 42nd Annual Winter ACE It Education Conference to be held in Rosemont IL on September 22-23, 2014. 

New this year will be the opportunity to attend the World of Gems IV Conference preceding NAJA in the same location. 

The appraisal organization dedicated exclusively to gems and jewelry presents an outstanding program to assist the professional appraiser’s continuing education and an unparalleled networking experience.  

The daily programs are: 

Monday, September 22, 2014 

     The Evolution of Fire, Facet & Form: The Evolution of Crown of Light   Tammy Cohen 

     Emeralds of the Atocha: The Value of History   Carl A. Schütze

 

     Afternoon Rotating Workshops:

 

     The New Arrival in a Changing Opal Market - A Workshop!   Paul B. Downing, PhD

     Getting the Secret Identity out of Jewelry Metals with Compassionate Interrogation

          AKA

     Identifying Common and Alternative Jewelry Metals with Nondestructive Tests...Mostly

          A Workshop!   Arthur Skuratowicz, GG

 

Tuesday, September 23, 2014

 

     Charitable Contributions of Jewelry: What are the IRS Appraisal Rules?  Karin Gross, Attorney at Law

     Conch Pearl: The Queen of Seduction ManuelMarcial de Gomar 

     50 Amazing Ways To Energize Your Appraisal Business and Maximize Your Time While Enjoying     Life   Jeff Averbook, GG 

     The Price of Rarity—Appraising Natural Gems   Cigdem Lule, GG & Stuart Robertson, GG

To retrieve a conference brochure go to najaappraisers.com.

Add a comment

White Pine Adds Two Top Execs

White Pine Trading, one of the world's largest recycled diamond and jewelry companies, has announced that industry veterans Jeffrey Sadowsky and Sam Zeifer have joined the company to aid the expansion of its services to jewelry retailers.

Mr. Sadowsky, formerly acquisition director of GBC, comes to White Pine with over 45 years of industry buying experience. Prior to his 16 years at GBC, he was president of Preferred Jewel Brokers Inc. and general manager of Silverman Jewelers Consultants Inc. In his new role with White Pine, he will focus on increasing the company’s wholesale jewelry footprint within the industry. 

Mr. Ziefer, who formerly led Circa’s retail division, joins White Pine with almost 50 years of industry experience. Prior to that, he was president and owner of Mayers Jewelry Company as well as WC Edge Inc.

At White Pine, Mr. Ziefer will focus on expanding the company’s nationwide jewelry buy-back program. The program enables retailers to buy diamonds, watches, signed pieces and designer branded jewelry from consumers. White Pine fulfills the purchases, with retailers then able to pay their customers in the form of store credit or cash. White Pine is currently in talks with a number of independents and chains to expand the program.

 

"White Pine is now firmly established in the jewelry sector and we are committed to servicing our current partners and expand our service offering,” said White Pine CEO Benjamin Burne. "We are delighted to welcome Sam and Jeff, who both have a wealth of industry knowledge and relationships and will be key to providing maximum value and high-quality service to our clients."

Add a comment

Rio Grande Announces Winners of Saul Bell Design Award

Rio Grande announced the winners of the 14th annual Saul Bell Design Award competition at a celebration
dinner held on May 18 during the Santa Fe Symposium in Albuquerque NM.

After several months of judging, hundreds of entries yielded first- and second-place winners in each of six competitive categories. Judges for the final round were: Ryan Roberts, Chris Ploof, Jim Binnion, Kate Wolf, and Jurgen Maerz.

Prizes, awards and recognition were presented to each winner at the gala dinner. Winning pieces, as well as all finalist pieces are featured online at saulbellaward.com.

A LIST OF WINNERS FOLLOWS:

 

2014 Alternative Metals/Materials Category Winners:

First Place — $2,000 Rio Grande Gift Certificate

“Celestial Winds”
Zoltan David
Bee Cave, Texas, USA

Second Place — $1,000 Rio Grande Gift Certificate

“It Begins”
Elysha Roberts
Vineyard Haven, Massachusetts, USA

 

2014 Gold/Platinum Category Winners:

First Place — $2000 Rio Grande Gift Certificate

“Golden Kinematic: Ring”
Igor Salnikov
Ekaterinburg, Russian Federation

Second Place — $1,000 Rio Grande Gift Certificate

“Surrender”
Andrea Koenig-Carnahan
Louisville, Kentucky, USA

 

2014 Silver/Argentium Silver Category Winners:

First Place — $2,000 Rio Grande Gift Certificate

“The Cynosure II”
Valerie Coulson
Pequea, Pennsylvania, USA

Second Place — $1,000 Rio Grande Gift Certificate

“Carnelian Wave”
Bruce Hartman
Carlisle, Pennsylvania, USA

 

2014 Hollowware Category Winners:

First Place — $2,000 Rio Grande Gift Certificate

“Silver Filigree Vanity Mirror”
Aleksandr Maryaskin
Yorktown, Virginia, USA

Second Place — $1,000 Rio Grande Gift Certificate

“Oil Can Teapot”
Sue Aygarn Kowalski
Carver, Massachusetts, USA

 

2014 Metal Clay Category Winners:

First Place — $2,000 Rio Grande Gift Certificate

“Doors To My Dreams”
Christi Anderson
Marana, Arizona, USA

Second Place — $1,000 Rio Grande Gift Certificate

“Slavic Tales: Leshy”
Anna Mazon
Kraków, Poland

 

2014 Enamel Category Winners:

First Place — $2,000 Rio Grande Gift Certificate

“Bobcat Secret”
Merry-Lee Rae
Freedom, California, USA

Second Place — $1,000 Rio Grande Gift Certificate

“Luminous Ring—Mandarine Fish”
Artem Kutyrev
Ekaterinburg, Russian Federation

 

2014 Emerging Jewelry Artist Category Winners:

First Place — $500 Rio Grande Gift Certificate (and matching award to designer's instructor or school)

“Calíope”
Louis Figueroa
Quito, Ecuador

Second Place — $250 Rio Grande Gift Certificate (and matching award to designer's instructor or school)

“Renoir’s Desire”
Aneka Hausmann
Auburn, Washington, USA 

Third Place — $100 Rio Grande Gift Certificate (and matching award to designer's instructor or school)

“Oriental Grace”
Inbum Yu
Carrollton, Texas, USA

 

For information about the 2015 Saul Bell Design Award competition, designers are invited email marketing@riogrande.com. Initial concepts for entries to the 2015 competition are due by September 19, 2014.

 

Visit saulbellaward.com for general information about the Saul Bell Design Award competition.

Add a comment

Jewelry.com Will Relaunch Next Month

Jewelry.com will re-launch with a new format, design and focus in late June 2014.

Designed by Pod1, the talent behind sites like Alex & Ani and Tag Heuer, this new state-of-the-art website will focus on showcasing emerging jewelry designers, in addition to featuring Jewelry.com’s curated collections and jewelry deals.

Jewelry.com currently hosts 20 designers featured in their own dedicated, branded jewelry boutiques. Building on the success of these 20 designers, Jewelry.com decided to make designer boutiques the main focus of their redesigned website.

"While the big jewelry brands already have a strong distribution network on and offline, it is the new and emerging jewelry brands that are ripe for consumer recognition," says Jewelry.com President Ofer Azrielant.

Jewelry.com plans to add 15 new designers for the new website launch.

Add a comment

Bling Cam Coming to Las Vegas Show

The Knot Wedding Network is rolling out a unique new program for the upcoming JCK show in Las Vegas.

The “Bling Cam,” which utilizes the innovative LearLite system, will be featured at The Knot booth throughout the entire tradeshow.

This newly conceived user experience is made possible with the news of The Knot, and jewelry industry leader, WR Cobb Online’s recent venture through use of the LearLite system.

The feature will emulate an entertainment feature known as a “ring-cam” or “mani-cam”, made popular in recent years, by Hollywood “red carpet” events. The camera setup allows the user to show their personal rings, jewelry and accessories, engaging audience participants in a fun and interactive way.

The “Bling Cam” will be a fancy and exciting new feature for crowds wandering the upcoming JCK show, and LearLite developer Derek Thomas thinks the program will work wonders for booth visitors at JCK. “Participant interaction with the LearLite system will bring a fun, unique experience to The Knot is already popular and busy booth setting.”

Thomas says, “I’m just a huge fan of the ‘crowd psychology’ at trade shows. When one person stops at a booth, it triggers this desire for everyone else to stop and see the action, and the Bling Cam will certainly do that.”

Thomas continues, “With the great products from The Knot and an interactive booth feature, it’s all that’s needed to create an interested and engaged crowd to gather at a booth and eventually leads to further business interactions.” Displaying similar enthusiasm, Bevin Stella of The Knot states, "I can't wait to see the buzz this creates at the show. Attendees are going to love it!"

More information at www.wrcobbonline.com or www.learlabs.com.

Add a comment

Jewelers Mutual Recognizes Top Agencies

Jewelers Mutual Insurance Company has recognized its top agencies for their expertise in jewelers block insurance during its annual National Sales Conference.

Agencies were named to the President's Club and Centerstone Circle in recognition of their efforts to serve Jewelers Mutual policyholders.

"Jewelers Mutual agents are the most knowledgeable jewelers block insurance experts in North America, and we are pleased to recognize their accomplishments," said Jewelers Mutual's President and CEO, Darwin Copeman.

"Our agent partners play a key role in serving and protecting our policyholders. They are skilled in minimizing risk, assessing coverage needs, and, when the unthinkable happens, our policyholders count on them for advice and support as they recover from a loss. They are vital to our business."

Agents were recognized as follows

President's Club: All American Insurance, AP Intego Insurance Group, CAI Insurance Agency, Child-Genovese Insurance Agency, Clockwork Insurance Services, Insurance Specialists of Virginia, MJM Global Insurance Brokerage Group, Mountain States Insurance Marketing, Clippinger Insurance Agency, Insurance Marketplace, McMahon Company, Signature Group, Wells Fargo Insurance Services USA.

Centerstone Circle: Associated Agencies, CJB Insurance Services, Dawson Insurance, JMI Insurance Services, Judy Carter & Associates, Lubin-Bergman Organization, M L Cutler & Company, Riemer Insurance Group, Roach Howard Smith & Barton, Robert G Carroll & Associates, Rossmann-Hurt-Hoffman.

Add a comment

Sethi Couture Redefines Brand’s Story

Sethi Couture announces the launch of its new brand manifesto just in time for the 2014 Luxury and Couture Shows in Las Vegas.

Known for their delicate and vintage-inspired designs using natural color diamonds and unique cuts such as rose, old mine and briolette, designer Pratima Sethi and creative director Prerna Sethi wanted to redefine their brand's story to have a stronger emotional connection with the consumer.

"We have always been focused on product and designing for the spring and fall buying seasons. We wanted to share not only our designs, but bring to consumers our basic point of view on everyday life and how it inspires us," explains Prerna.

Sethi Couture's refreshed brand messaging features the tag line, "Elevate the Everyday." This tagline will be translated throughout Sethi Couture’s marketing activities including a new website, packaging, and consumer advertising.

Prerna describes the philosophy behind Sethi Couture as, "We have discovered that life's simple yet significant pleasure bring a sense of fulfillment whether it is sipping a cup of afternoon tea, enjoying lunch with one's wedding china, or reveling in the details of a landscape during an evening stroll."

Pratima explains, "We believe that jewelry embraces this same philosophy. A simple yet significant luxury in one's wardrobe, jewelry is meant to be effortlessly worn and celebrated, not tucked away in a box. Each of our designs is purposefully imagined with the intention of elevating everyday life while embodying heirloom-quality that can be cherished and passed down for generations to come."

Sethi Couture will be debuting its new look and latest collections at Luxury/JCK - LUX607 and the Couture Show - Salon 600 from May 27th – June 2nd.

Add a comment

Silver Jewelry Collection Honors Veterans

The Silver Promotion Service (SPS) has partnered with select Savor Silver brands in organizing a special silver jewelry collection to benefit the Jewelers for Veterans Foundation, an industry organization dedicated to connecting US military veterans with employment, training, and education within the jewelry industry.

The collection, titled ‘Silver Salutes the Service’, currently includes jewelry by ARIVA Living in Fine Jewelry, Cynthia Gale Jewelry, Frederic Duclos, Phillip Gavriel, Rotenier, The Samuel B. Collection, and Thistle & Bee.

Each brand has either designed special pieces or dedicated patriotic themed jewelry from their existing collections that will be available to view at the forthcoming JCK Las Vegas show.

The collection was formed to introduce a cause related shopping event at retail to be held during key holidays throughout the year such as Veterans Day, Armed Forced Day, or Memorial Day.

The SPS and J4V have collaborated to create a package of marketing collateral to support retailers that carry these pieces in their stores, including special hang tags, counter cards, consumer literature, and digital materials.

Todd Wolleman, Jewelers for Veterans President commented, “The Jewelers for Veterans Foundation is proud to be allied with the Silver Promotion Service for this project and many to come in the future. It is a natural partnership that we hope will flourish over time and progress into meaningful contributions to our stated goal of helping veterans find gainful employment.”

For more information on the SPS visit www.savorsilver.com.

Add a comment

Calla Gold Wins Spirit of Entrepreneurship Honor

Calla Gold, Santa Barbara jeweler and owner of Calla Gold Jewelry, won in the Retail category for the 2014 Spirit of Entrepreneurship Awards held on May 9th at Fess Parker's Resort in Santa Barbara CA.

Calla Gold has been a jeweler since 1983, specializing in custom designed jewelry as well as jewelry repair and restoration. She speaks at seminars and conventions as an expert jeweler, designer, marketer, sales trainer, female entrepreneur, and on empowerment for women in business.

Gold is also the author of The Language of Jewelry Design and has written several articles in Professional Jeweler magazine. This will be the second time Calla has been recognized by the Spirit of Entrepreneurship Foundation. She was previously a finalist in her category.

Calla Gold said of the other award nominees and finalists, “I congratulate the entrepreneurs whose innovative ideas and passion bring vitality and diversity to the universe of business.”

The event was hosted by the Spirit of Entrepreneurship Foundation, which recognizes outstanding women entrepreneurs in Santa Barbara County.

The goal of the Spirit of Entrepreneurship Awards is to support entrepreneurship by honoring successful women business owners for the benefit of high school and collegiate student entrepreneurs.

To learn more, visit www.CallaGold.com.

Add a comment

Triton Introduces New Metal for Men’s Jewelry

Triton has introduced TungstenAIR, an innovative, patented new metal that delivers the perfect balance of weight and strength to keep pace with any man who lives an active lifestyle.

“Triton is defined by our attention to detail, artistry, innovative engineering, and contemporary metals to create bold statements,” says Jonathan Goldman, CEO of Frederick Goldman Inc. “Triton continues to pave the way for innovation in men’s rings and jewelry with launch of TungstenAIR, built for the active lifestyles our consumers live today.”

TungstenAIR has all of the benefits of Tungsten Carbide, including durability, strength and scratch-resistance, but with a reduced weight. The lighter weight makes it possible for the active man to do everything he does in his daily life without thinking about having to remove his ring or having his ring get in the way.

The collection will include traditional styles as well as rings with a pop of color on the inside and edge. These “Sport Collection” rings will be available in four colors: Arctic White, Midnight, Electric Blue, and Fire Red. The entire TungstenAIR collection will consist of 30 different styles of scratch-resistant men’s bands, including 24 rings in the Sport Collection.

TRITON TungstenAIR can be found at authorized retailers via www.TRITONjewelry.com.

Add a comment

Fiamma Line of Pink Diamond Jewelry Shows in Vegas

Kama Schachter, one of Asia’s most preferred manufacturers and exporters of diamond jewelry will promote Fiamma, a color-enhanced pink diamond jewelry brand at the JCK show in Las Vegas.

Through a breakthrough technological innovation that the company has global rights for, it produces beautiful, aspirational pink diamonds within easy reach for fashion connoisseurs.

Fiamma’s floral collection is fashionably designed and every sparkling piece radiates with warm glow of a new bloom.

Fiamma is an exclusive collection of fashionably patterned earring pendant sets, rings and bridal jewelry that feature spectacular color-enhanced natural diamonds in hues of soft pink.

It now extends its repertoire to delicate necklace sets and exquisite styled tennis bracelets.

Inspired by nature, this dazzling new collection from Fiamma diamond jewelry captures nature’s treasures into jewels crafted in 14kt white & pink gold. With its floral collection, Fiamma celebrates the spirit of new beginnings in the most graceful way.

Add a comment

44 Jewelry Execs Attend GIA Seminar at Harvard

To address the unique challenges facing the gem and jewelry industry, Gemological Institute of America, in conjunction with the Harvard Business School, organized a global leadership program for 44 senior executives representing gem and jewelry firms from 15 countries April 28 – May 1 at the Harvard campus in Cambridge MA.

The custom curriculum, based on the renowned HBS case study method, examined topics ranging from strategy to customer centricity to leading high performance teams.

“Developing innovative programs like this to meet the needs of our global industry directly supports our public benefit mission of protecting the gem- and jewelry-buying public,” said Susan Jacques, president and CEO of GIA. “We are very pleased that so many senior executives found the curriculum compelling and the networking opportunities invaluable.”

GIA initiated the program with HBS to bring together leaders from around the world representing different sectors of the gem and jewelry industry to help further develop senior management expertise. During the four-day program, the participants examined issues faced by global businesses and how to apply the experiences of other sectors and industries to their own, as well as discussing challenges facing the industry.

Given the success of the inaugural program, GIA will hold another global leadership program at HBS in June 2015.

Add a comment

Jewelers of America Announces Buyer Discount Program

Jewelers of America has found another way to help retail jewelers maximize profits through its new Buyer Discount Program, which offers JA Retail Members discounts on merchandise orders at select jewelry trade shows.

Following a successful launch at the SMART Jewelry Show in Chicago, which had more than 60 Participating Exhibitors, the JA Buyer Discount Program will be featured next at JCK Las Vegas from May 30 - June 2, and the JA New York Show July 27-29.

JA Retail Members receive discounts on finished jewelry, on loose diamonds, and other services and tools from participating trade show exhibitors.

Sample discounts range from 3-5 percent up to 7-20 percent, depending on the exhibitor’s promotion. The list of participating exhibitors and their offers at upcoming trade shows can be found at www.jewelers.org/buyerdiscount.

“At Jewelers of America we are always striving to find new ways to help our members become more profitable,” says JA Director of Membership and Sales Matthew Tratner. “By shopping with just one participating vendor, a retailer can easily save more than the cost of their annual JA membership dues.”

The Program is open to all exhibitors; those who participate attract more business from Jewelers of America Members. JA Retail Members own and operate more than 3,200 companies – with more than 10,000 storefronts – and are considered the most professional jewelry retailers in the U.S. as they sign an annual Code of Professional Practices.

Add a comment

WR Cobb and LearLabs Partner on New Retail Tool

WR Cobb Online and LearLabs have partnered to improve the retail market space.

The LearLite 3.0 tool provides versatile lead-retrieval solutions for independent jewelers with the vision of transforming shoppers into customers, while collecting their qualified, quantifiable data.

LearLite 3.0 is an exciting product that will enhance the customer’s in-store experience, by offering the ability to take remarkable photos of jewelry, and automatically send them to their inbox, along with the store’s contact information. Allowing retailers to capture shopper information as they browse is a crucial advantage to a retailer’s marketing efforts in this mobile era. The LearLite 3.0 system allows these retailers to effectively evolve with the future of the industry, while adding to their bottom line.

WR Cobb Online, developers of e-commerce solutions, and specialized diamond configurator platforms for independent retailers, have partnered with LearLabs to become the exclusive distributor of LearLite 3.0. WR Cobb Online will enable LearLite to reach the vast network of retailers that utilize the Cobb e-commerce platform.

WR Cobb Online sees the value in this new partnership for both parties, as well as the countless number of retailers that will invest in boosting their consumer experience by adding LearLite 3.0 to their stores.

Through Cobb, LearLite 3.0 is getting opportunities to connect with big players that will help thrust the unique technology into the spotlight. LearLabs Founder and President Derek Thomas, states, “I was just a small, veteran-owned business/entrepreneur with a passion to develop this product, and Cobb has brought it into the spotlight.”

For more information, see www.wrcobbonline.com or www.learlabs.com.

Add a comment

The IDEX Online Polished Price Report for May 15

Although there were again many positive changes in prices of round diamonds this week, there was a noticeable rise in price decreases, according to the weekly IDEX Online Price Report.

As with their round counterparts, fancy shape diamonds again posted a large range of changes which were largely in an upward direction, but with more decreases than in previous weeks.

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

Rounds

  • 0.18-0.22 cts F-G / SI2 decreases of4%

  • 0.23-0.29 cts D / VS1 +2.4% to $2,100 p/c

  • 0.30-0.39 cts many increases inbetter colors and clarities

  • 0.40-0.44 cts mostly rising

  • 0.45-0.49 cts many changes in lower colors and clarities

  • 0.50-0.69 cts just two changes, one up and one down

  • 0.70-0.79 cts unchanged

  • 0.80-0.89 cts D / I1-I3 declines of 1-3%

  • 0.90-0.99 cts increases inbetter colors and clarities

  • 1.00-1.24 cts L / IF +2.1% to $4,800 p/c

  • 1.25-1.49 cts just two changes, one rising and one declining

  • 2 cts just one change, upwards

  • 3 cts H/ VS2 +3.1% to $20,100 p/c

  • 4 cts M-N / IF-VVS2 declining by 2-3%

  • 5 cts unchanged



Fancy Cuts

 

  • 0.18-0.22 cts E-H / IF-VVS1 rises of 2-5%

  • 0.23-0.29 cts D / VS2-SI1 declines of 3-4%

  • 0.30-0.39 cts J / IF-VS2 rises of 3-5%

  • 0.40-0.44 cts F / VS1-VS2 increasing by 2%

  • 0.45-0.49 cts several increases in better colors, mid clarities

  • 0.50-0.69 cts just one change, upwards

  • 0.70-0.79 cts H-K / SI1 rising by 3%

  • 0.80-0.89 cts K / VS2-SI3 rising by 2-3%

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts just one change, upwards

  • 1.50-1.99 cts two changes, one up and down

  • 2 cts I / VVS1-VVS2 rising by more than 3%

  • 3 cts I / VVS2-VS1 rises of2-3%

  • 4 cts several increases

  • 5 cts unchanged

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

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Fiera di Vicenza Announces Joint-Venture with Dubai

As of 2015, Fiera di Vicenza and Dubai World Trade Centre will organize in Dubai a mega jewellery international exhibition dedicated to the region.

"DV Global Link, "the new company formed by Fiera di Vicenza SpA and the Dubai World Trade Centre DWTC, was announced at a press conference in Vicenza, Italy.

In attendance at the announcement were the President of Fiera di Vicenza, Mr. Matteo Marzotto, the Managing Director, Mr. Corrado Facco, the Director General of Dubai's Department of Tourism and Commerce Marketing and CEO of The Dubai World Trade Centre, His Excellency Helal Saeed Al Marri and the Senior Vice President of Exhibition & Event Management of the Dubai World Trade Centre, Mrs. Trixie LohMirmand.

The joint venture will become operative with the organization of the new international VICENZAORO Dubai exhibition managed by Fiera di Vicenza, which will consolidate Dubai as the undisputed jewellery capital in the Arabian Gulf and that will take place April 23-26, 2015.

The agreement with Dubai World Trade Centre, the largest exhibition organiser and management company in MENA, aims to establish a new company called "DV Global Link", based in Dubai. The goal of the two companies is to jointly organize VICENZAORO Dubai, a super global show dedicated to jewellery, filling a void in this sector in a region accessible by two thirds of the world's inhabitants in 6 hours by plane.

Thanks to the expertise of Fiera di Vicenza and VICENZAORO and prestigious collaboration with DWTC, the Event will become an important international meeting in the Spring, that will become the point of reference for the whole basin of the Arabic-speaking countries, Middle East, Africa, Russia, Central South East Asia.

This agreement represents a success strongly backed by President Matteo Marzotto, together with the entire Board of Directors, who has been the architect of a global expansion plan which increasingly projects Fiera di Vicenza as an authoritative and recognized leader in world top range product systems.

After the major alliances and partnerships that have delivered the keys of global luxury strategic markets to the Fair - from U.S.A. to Brazil, from China to India - Fiera di Vicenza now becomes a candidate for becoming the main point of reference for the rich Macro Region which stretches between the Gulf Countries, India, Africa and the Russian speaking States. Fiera de Vicenza is the organiser of the VICENZAORO series of jewellery events, one of the world's largest jewellery and most respected portfolio in the global jewellery industry.

Matteo Marzotto, President of Fiera di Vicenza, commented as follows, "Today is a historical moment for Fiera di Vicenza and for the entire Venetian and Italian trade fair system. The agreement reached with DWTC to launch VICENZAORO Dubai is a decisive turning point in our Company's internationalisation strategy and defines a systemic union that is not just economically highly valuable, but also for its cultural interconnection with a very prestigious partner.

“An alliance laying a bridge between Vicenza, pearl of the gold and jewellery industry and Dubai, important world luxury showcase, adding value to Italian lifestyle as never before in one of the Countries and areas with the highest potential. Presence in the United Arab Emirates significantly strengthens our role as a global “Event Show Producer”, in accordance with the new Fiera di Vicenza identity; no longer just container of spaces, but a company that promotes and generates top quality content, exporting its innovative format and know-how of excellence all over the world.

“Pursuing this mission, the agreement with the DWTC puts us in an absolute main player role on the global competition chessboard, generating value and promoting what's well done in Italy and Europe all over the world".

His Excellency Helal Saeed Al Marri, Director General of Dubai's Department of Tourism and Commerce Marketing, and CEO of Dubai World Trade Centre noted: "Today marks a significant milestone achievement for both the cities of Dubai and Vicenza, and between Dubai World Trade Centre and Fiera di Vicenza.

“The inter-region strategic intermix of visions, strengths and ambitions shall create Vicenzaoro Dubai, a joint venture mega jewellery event in Dubai which embodies friendship, creativity, knowledge and globalisation - the precise values that Dubai and Dubai World Trade Centre have built its successes on. As Dubai fast forwards its strategic efforts in achieving its Tourism Vision 2020 under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai, we are excited by the partnership with Fiera de Vicenza in constructing a truly global jewellery sourcing hub in Dubai, where business tourism is a vital contributor to the Vision. The new event initiative will now offer the Italian and internationall luxury jewellery community the most sought after entry channel into one of the world's most vibrant emerging business districts."

Following the agreement with the DWTC, Fiera di Vicenza will strengthen its position among the leading players in the world including through the development and promotion of its brand.

The agreement between Fiera di Vicenza and DWTC is placed in a macroeconomic environment that on one side sees Italy as one of the most important manufacturing districts of luxury in the world, home for the internationally renowned "Beautiful and well done", and on the other, the United Arab Emirates UAE as a country with high potential, which over the years has increased its demand for made in Italy luxury. A significant fact: in 2013 the UAE have become the first destination for Italian jewellery exports with a market share of 20.7% and an increase of 30% compared with 2012, in a scenario that has seen total Italian sector exports grow globally both in value and amount compared with the previous year.

The two countries find in Vicenza and Dubai the respective protagonists of the intersection between supply and demand in luxury manufacturing. The Italian gold-working output is at the top of gold production, with exports amounting to approximately 6 billion euro per year. Dubai is a strategic location, the key centre of world luxury in a system that, thanks to recent infrastructure development, is accommodating 11 million tourists a year, with a Tourism Vision 2020 of welcoming 20 million visitors by the turn of the next decade.

In this context, Fiera di Vicenza and Dubai World Trade Centre represent two catalysts and a worldwide business hub, whose joint venture opens a new chapter in the global jewellery sector. The establishment of a new company "DV Global Link" creates a real bridge between East and West, between Europe and the United Arab Emirates, between brand awareness of the Company from Vicenza - in terms of design, innovation, manufacturing and B2B - and the strategic position of DWTC, reference leader in the UAE for the organization and management of fair Events in many key sectors of the global economy.

Add a comment

Forevermark Will Debut PURE Line in Las Vegas

Forevermark, the diamond brand from the De Beers group of companies, has partnered with Precision Set to unveil PURE, an exclusive ideal cut Hearts and Arrows collection for Forevermark, at JCK Las Vegas/Luxury Las Vegas.

The collection is designed to complement Forevermark’s new Promise Campaign, also to be launched at JCK, which promotes classic, diamond-focused designs.

“Forevermark’s goal is to continually strengthen our product offering. With the addition of Precision Set, we are thrilled to now have an exclusive collection featuring Forevermark ideal cut Hearts and Arrows diamonds in diamond-focused designs to offer our jeweler partners,” said Charles Stanley, Forevermark US President. “Precision Set is known for their exceptional product quality and designs that truly enhance the beauty of Forevermark diamonds.”

The PURE Collection features new Forevermark exclusive designs as well as Precision Set’s current best-selling jewelry. Each piece of jewelry in the collection includes an ideal cut Hearts and Arrows Forevermark diamond and is available only to authorized Forevermark retailers.

The PURE Collection offers a total of 37 styles covering engagement rings, wedding bands, line bracelets, classic studs and fashion jewelry.

“We are pleased to be in partnership with Forevermark. Our goal at Precision Set has always been to build impeccably crafted jewelry in classic, coveted designs. Combining our elegant styles with the outstanding quality and integrity of Forevermark ideal cut diamonds will make the PURE Collection an exciting offer for our Forevermark customers,” said Buzz Jopling, President, Precision Set.

In Las Vegas, Forevermark is located in the Elite Enclave at Luxury, booth LUXEE9. Precision Set is located at Luxury, booth 1102, and in the Prestige Promenade of JCK, booth P04.

Add a comment

New Midas Chain Catalog is 300-Plus Pages

Midas Chain has released their all-new 2014-2015 catalog. For over 30 years Midas has offered their clientele a wide array of unique gold and sterling styles, in addition to all the basics that every jeweler needs. With this new 300+ page catalog, they have added hundreds of new styles to add diversity to the existing product lines.

“This year’s new catalog took a vast amount of product research and development. The numerous brands are extremely diverse, and contain the hottest styles in the industry.” said Roy Merlucci, VP Sales of Midas Chain. “Our core business has always been as a gold and silver chain manufacturer, but the new collections—such as our officially licensed NFL products—has differentiated us from others,” he added.

The new styles in the upcoming catalog include earrings, bracelets, chains, rings, and much more. Some of the exclusive collections featured in this year’s beautiful counter top reference are: East2West, LightZ, NFL, 4YR Spirit, Crystal Persuasions and Midas Gold & Silver, as well as many others.

Midas has become known as a reliable resource for high quality products, fast shipping, and outstanding customer service. The unique details and craftsmanship of these collections are done with the highest level of standards and an eye for quality, which has always been a symbol of an original Midas product. Most items are immediately shipped on the same day and all merchandise goes through a rigorous quality inspection before leaving the facility.

For more information, visit www.midaschain.com.

Add a comment

Vespa Scooter Will Be Given Away at Couture Show

Couture will give away a limited-edition, 946 Vespa at Couture this year. To be staged in the NextWave ballroom, La Tache, the 2014 scooter is valued at nearly $10,000 and is touted as the most stylish way of “nipping through traffic.”

The contest is open to all attendees at Couture, including both retailers and editors. Entry forms will be available at registration and throughout the show floor and can be submitted in nextWave, with the winner announced on Sunday at 5pm.

“We wanted to come up with a creative way to drive traffic to nextWave and to generate some added enthusiasm at the show in general,” explained Gannon Brousseau, Couture’s Show Director. “This particular, limited edition Vespa is a perfect fit for our event—it’s both classic and innovative with an emphasis on design.”

With its swooping lines and raised, red-leather saddle, the 946 is a comfortable ride for two. The photographer who shot the ad campaign for the 946, Pasquale Abbattista, who has worked with the world’s most important fashion magazines and for luxury brands such as Missoni, said that he fell in love with it at first sight. When asked who he thinks the unique design will appeal to he posited, “Someone who has nothing to prove, an elegant intellectual who doesn’t have to show off his muscles.”

The giveaway will also include a custom-created matching helmet and Couture will incur all expenses in shipping the Vespa to the lucky winner.

For more information about the Vespa Giveaway or about The Couture Show, please contact Michelle Orman at michelle@LastWordComm.com.

Add a comment

Chaka Khan Headlines Diamond Empowerment Gala

Ten-time Grammy Award winner Chaka Khan will be the headline performer at the Diamond Empowerment Fund’s Diamonds in the Sky Las Vegas Gala to take place at the Four Seasons Ballroom on May 29.

The sold-out event starts at 6:30 p.m. and will honor President Khama and the Government of Botswana with the Global Diamond Industry Achievement Award and celebrate the good diamonds do for communities around the world.

In 1999, Ms. Khan established the Chaka Khan Foundation, which focuses on programs and initiatives that assist women and children at risk. A musical superstar, Ms. Khan has the rare ability to sing in eight music genres, including R&B, jazz, pop, rock, gospel, country, classical and dance music. She has released 22 albums with ten #1 Billboard magazine charted songs.

Phyllis Bergman, president of D.E.F’s board of directors, says, “We couldn’t be more honored to have such a musical legend perform at this important event that recognizes the importance of giving back.”

Premier Presenting Sponsors of the event include Rio Tinto, Signet Jewelers Ltd., The De Beers Group of Companies, Partner Sponsor is Chow Tai Fook Jewellery Group Limited, and Patron Sponsors include KGK Group, Le Vian Corporation, and Tiffany & Co.

For more information, see diamondsinttheskylasvegas.org.

Add a comment

Bohemme Marks Fourth Anniversary

This year marks the fourth anniversary of the company Bohemme.

In its four years of life, the company has managed to position itself in several countries as a benchmark high-end fashion jewellery brand featuring fine jewellery finishes at affordable prices.

Bohemme is characterised by offering a totally innovative, unique range of products, the outcome of research and the use of new technologies and manufacturing systems. It features a new timeless aesthetic which turns its back on the tired old clichés and opts instead for a new way of making jewellery harnessing the latest innovations in a highly original fashion.

Bohemme currently hopes to double its manufacturing capacity by increasing the size of its factory located in the Parque Joyero de Córdoba, the most important jewellery manufacturing centre in Spain and Europe.

The company has just purchased a building measuring 400 square metres next to its current factory of the same size. The total of 800 square metres will be ready to meet the rising demand for its products in foreign countries starting in September. Last year, Bohemme ventured to launch onto the market collections crafted with diamonds, along with other precious stones, and that same year it exported 55 percent of its total output. Its plans are to raise this figure to 70 percent this year.

In terms of turnover, the company’s goal is to double its sales from financial year 2013. To this end, Bohemme has just opened a subsidiary in Mexico, which is added to the ones the company already has in South Africa, Russian and Turkey. With these subsidiaries, it has a local partner that has set up an in-country structure to develop the brand both in that country and in its nearby markets.

The company’s goal is to develop a network of its own shops where it can consolidate its international vision, and then grow further through franchises. For the time being, Bohemme has its own point of sale in Moscow at the prestigious Crocus City Mall, and in the short term it is examining the possibility of opening another one in Los Angeles. Bohemme has grown steadily ever since it was founded.

One year ago, it also opened a subsidiary in the United States, with which it has woven a web of 30 multi-brand points of sale, which it plans to increase to 50 in 2014. Bohemme recently formalised trade relations in Croatia, Cyprus and Hungary, and it continues to consolidate its presence in the countries where it already has distribution points. In the Spanish market, Bohemme is focusing on growing through multi-brand outlets (300 points of sale) and a presence in the prestigious department store El Corte Inglés (it is now present in 30 stores).

Add a comment

Baltimore Summer Antiques Show Sets Dates

Now celebrating its 34th year, the Baltimore Summer Antiques Show will make its annual return this summer to the Baltimore Convention Center from August 21-24.

Art and antique aficionados from across the country and around the world will have the opportunity to view and purchase from the diverse collections of more than 575 international exhibitors.

Guests will have access to an exquisite array of rare treasures from the last several thousand years, including furniture, American and European silver, major works of art, Asian antiquities, porcelain, Americana, antique and estate jewelry, glass, textiles and more. Produced by the Palm Beach Show Group, the Baltimore Summer Antiques Show is Maryland’s largest antiques event and the largest indoor antiques show in the country.

Highlights of the event:

Embracing the “show-within-a-show” concept, Art Baltimore will feature a spectacular selection of international fine art galleries within the Baltimore Summer Antiques Show. The diverse array of artworks and galleries have been carefully selected and integrated into the show, offering the opportunity to experience a variety of high quality fine art and an unrivalled art experience.

The Antiquarian Book Fair hosts up to 60 exhibitors that will offer rare books, first editions, autographs, fine manuscripts and unusual bibliographical material.

For additional information, see www.BaltimoreSummerShow.com.

Add a comment

Hamilton Jewelers a Finalist for American Business Awards

Hamilton Jewelers was named a Finalist today in the Company of the Year-Retail category in The 2014 American Business Awards, and will ultimately be a Gold, Silver, or Bronze Stevie Award winner in the program.

The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

The American Business Awards will be presented at two awards events: the ABA's traditional banquet on Friday, June 13 in Chicago and the new product & technology awards event on Friday, September 12 in San Francisco.

More than 3,300 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Most Innovative Company of the Year, Management Team of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others.

Nominated for 2013, Hamilton was recognized for the company’s achievement as the recipient of the 2013 New Jersey Family Business of the Year Awards, bestowed by the Rothman Institute of Entrepreneurship at Fairleigh Dickinson University. Also noted was Hamilton’s ongoing commitment to social responsibility.

The firm works together with various industry, governmental, and trade organizations to influence and encourage safe and responsible business practices. In 2012, Hamilton was the first family-owned, independent jeweler to be certified by the Council for Responsible Jewelry Practices, an international non-profit organization representing over 60 member companies across the gold and diamond supply chain.

Another significant achievement in 2013 was Hamilton’s creation of the prestigious Liberty Medal, which was presented to former Secretary of State Hillary Rodham Clinton.

Since 2010, Hamilton Jewelers has produced the Liberty Medal. Lastly, Hamilton was distinguished for the achievement of being selected as the exclusive resource for Princeton University’s Employee Service Recognition Program for both the University and Plasma Physics Laboratory.

“We are truly honored to receive this important recognition,” says Hamilton president Hank B. Siegel. “We have tremendous regard for the American Business Awards program and reaching this achievement is a wonderful distinction”.

Finalists were chosen by more than 150 business professionals nationwide during preliminary judging in April and May. More than 150 members of several specialized judging committees will determine Stevie Award placements from among the finalists during final judging, to take place May 13-22.

“The final judges have a difficult task ahead of them, to rank the Finalists, because there are so many great nominations this year,” said Stevie Awards president and founder Michael Gallagher.

Details about The American Business Awards and the list of finalists in all categories are available at www.StevieAwards.com/ABA.

Add a comment

The IDEX Online Polished Price Report for May 8

A wide range of activity was seen in round diamonds again this week, with most of it being positive, according to the weekly IDEX Online Price Report.

Fancy shape diamonds again posted a large range of changes which were almost all in an upward direction.

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

Rounds

  • 0.18-0.22 cts H / SI2 -4.8% to $1,000p/c

  • 0.23-0.29 cts just two changes, both rising

  • 0.30-0.39 cts K / VVS2-SI1 rises of 3-4%

  • 0.40-0.44 cts mostly rising

  • 0.45-0.49 cts many changes in better colors, mid and low clarities

  • 0.50-0.69 cts just one change, a decliner

  • 0.70-0.79 cts D / I1-I3 declines of 2-3%

  • 0.80-0.89 cts severaldecreases in high colors, low clarities

  • 0.90-0.99 cts D-E / VVS1-VVS2 declines of 1-3%

  • 1.00-1.24 cts L-M / SI1 rises of 2-3%

  • 1.25-1.49 cts just two changes, both rising

  • 2 cts M / VVS1-VS1 rises of3%

  • 3 cts severalrisers

  • 4 cts J / VVS1-VVS2 declining by 3%

  • 5 cts unchanged



Fancy Cuts

 

  • 0.18-0.22 cts D-F / IF-VS1 declines of 2-5%

  • 0.23-0.29 cts several risers

  • 0.30-0.39 cts J / VVS2-VS1 rises of 5%

  • 0.40-0.44 cts D-G / SI3-I1 rising by 3-5%

  • 0.45-0.49 cts D / VS1-SI1 rises of 2-4%

  • 0.50-0.69 cts a range of increases

  • 0.70-0.79 cts F-G / SI2 rising by 1-3%

  • 0.80-0.89 cts G-I / SI1 rising by 2-3%

  • 0.90-0.99 cts three changes, two up and one down

  • 1.00-1.24 cts F / SI2-SI3 rising by 2%

  • 1.50-1.99 cts E-F / VVS2 declines of3%

  • 2 cts unchanged

  • 3 cts H-I / SI1-SI2 rises of2-3%

  • 4 cts many increases in top colors and clarities

  • 5 cts unchanged

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

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

AGS Announces Circle of Distinction Honorees

The American Gem Society has announced the 2014 Circle of Distinction Honorees, who will be recognized at the Society’s Circle of Distinction Dinner on July 29 at the historic Plaza Hotel in New York City. The recipient of the prestigious Lifetime Achievement Award is Lee Berg, CEO of Lee Michaels Fine Jewelry. The Triple Zero Award recipients are Doug Hucker, CEO of the American Gem Trade Association (AGTA) and Joel Schechter, CEO, HONORA, a Division of Richline Group. “The 2014 recipients are outstanding professionals and individuals, and are well-deserving of this honor,” said Ruth Batson, CEO of the American Gem Society and AGS Laboratories. “The contribution they have made throughout their career to the jewelry industry is significant. We are proud to recognize their accomplishments. Lee is a revered industry leader and a mentor to many. Doug is a good friend to not only the American Gem Society, but he’s a tireless advocate for the members of the AGTA. Joel has volunteered with numerous organizations in the industry, and is a shining example of leadership through volunteer service. Congratulations to all three.” The Circle of Distinction event will begin at 6:00 pm with cocktails, followed by a three-course dinner and the awards presentation at 7:30 pm. To order dinner tickets or to learn about advertising opportunities in the Circle of Distinction Tribute Book, contact Lauren Ruggeroli at 866-805-6500 x1005 or email lruggeroli@ags.org. For more information, visit www.AmericanGemSociety.org. Add a comment

MaeVona Bridal Collection Honored in UK

MaeVona has been announced as a finalist for Bridal Collection of the Year at the Retail Jeweler UK Watch & Jewellery Awards 2014.

These prestigious annual awards celebrate the cream of UK industry, honoring the top Designers, Retailers and Manufacturers whose products or services are most in demand, leading the market with excellence, innovation and quality.

The winners will be announced at a ceremony in London on 2 July.

Although the majority of MaeVona's customer base is in North America, their Celtic-inspired bridal designs are in high demand in the UK. Daniel Henderson Jewellers in Scotland reports MaeVona customers coming from all across Europe to his Edinburgh store, which carries a full selection of MaeVona designs:

"With absolute certainty no other engagement ring collection has brought out as many "ooohs" and "aaahhs" as MaeVona. What we find our customers truly love about Maeve's designs are the soft flowing curves, the intricate details, the subtle references to the Celtic inspiration, but mostly their uniqueness. MaeVona's beautiful designs are unlike anything we have come across. We have made deliveries across the UK and Europe, and as far afield as Shanghai. We even had a couple fly in from Geneva especially to view the collection."

MaeVona experienced high UK demand in 2013 due to social media and extensive online advertising, and is exhibiting at IJL London in August to build a network of authorized UK MaeVona retailers in key locations.

For more details on the awards, see www.maevona.com.

Add a comment

Nancy Robey Offers Expanded Services

Long-standing luxury marketing expert, Nancy Robey, Founder and Owner of strategic advisory agency, The Nancy Robey Partnership, Inc., has announced the expansion of client services.

Based on Robey’s extensive industry contacts and connections, The Nancy Robey Partnership, Inc. is now offering specialized Business Referral Services for U.S. representatives of high-end international fine jewelry designer brands seeking to connect with sales, marketing, and other business professionals.

These expanded services encompass a three-stage process designed to pair international clients with U.S. representatives best suited to support each brands’ needs in the area of sales, distribution and marketing. These business development pairings include, but are not limited to, sales & distribution, strategic new business development, marketing, public relations, celebrity placement, showroom presence, trade relations and trend forecasting.

With a career spanning over 30 years, Robey has held key executive positions with leading global brands, and is acknowledged as one of the jewelry industry's most prominent members and finest spokespersons.

Her career includes achievements such as the creation of the Couture show in 1995, advising Reed Exhibitions’ LUXURY by JCK, Elite Enclave at Luxury, Luxury Prive NY and Luxury Prive Panama, as well as overseeing the New Markets Entry Strategies Conference in 2012. She is responsible for U.S. new business development for TRENDVISION and trend forecaster, PDLG Paola DeLuca Creative Services.

“It just seemed like the natural next step for me to expand in this direction,” states Robey. “I love connecting professionals and have access to such great talent. Having been in the industry now for over 30 years, I know many of the most talented freelance professionals and have countless relationships to tap into.” Robey continues, saying “There are some very elite professionals offering different services that go beyond the traditional outside sales representative roles. I can unite businesses with top talent in the areas of sales, marketing, PR, celebrity product placement, showroom capabilities, distribution and most importantly, I will source the team needed to take a business to the next level.”

Robey has also achieved many international business accomplishments such as launching the Couture show international editions, which served international retailers in London, Monte Carlo and Latin America, along with running the New Markets Entry Strategies Conference in 2012, which focused on emerging markets in Russia, Eastern Europe and the Far East. Robey is now collaborating with Luxury Brand Group to develop the Fiera di Vicenza (VICENZAORO) Fair’s U.S. buyer cultivation programs. Her qualifications and experience consistently exceed expectations.

Licia Mattioli, CEO of Mattioli, encouraged Robey to conduct her search for U.S. representation. "I was extremely impressed with the depth of research and screening Nancy conducted in order to present us, not only to top candidates, but also to the most qualified sales reps that fit our needs,” states Mattioli. “I was very pleased with her level of professionalism. She understands the needs of the international branded designer".

In addition to a diverse luxury business career, Robey has served as Vice President and board member of multiple prestigious associations within the jewelry industry including the Women’s Jewelry Association, Jewelers for Children and Gemological Institute of America Symposium. Robey is the proud recipient of the Women’s Jewelry Associate Award for Excellence in Marketing, VNU Chairman’s Award and Spirit Innovation Award for the Couture Diamond Leadership Conference, just to name a few.

For more information on Nancy Robey and The Nancy Robey Partnership, Inc., see nancyrobey@nancyrobeypartnership.com.

Add a comment

Long’s Jewelers Continues Support for Boston Marathon


Bob Rottenberg, CEO of Long’s Jewelers, with the winners of the 2014 Men’s and Women’s Wheelchair Divisions, Ernst Van Dyk and Tatyana McFadden.

Since 1985, Long’s Jewelers has served as an Official Sponsor of the Boston Marathon, providing individual trophies for the race winners each year.

“It is a wonderful honor to be a part of one of Boston’s most memorable annual events,” notes Craig Rottenberg, President of Long’s Jewelers.

“Long’s is thrilled to provide over 100 crystal trophies for the Awards Ceremony. We also take pride in offering our exclusive licensed Boston Marathon jewelry and gifts which serve as mementos for Boston Marathon participants. It is a tradition we cherish each year.”

Long’s provides an assortment of collectibles in conjunction with America’s oldest Road Race. The Boston Marathon Collection includes gold and silver rings with the B.A.A. logo commemorating the Marathon, charms featured in 14k gold and sterling silver, and more.

Long’s also has created a special Support Medal so runners can share their great achievement of finishing the Boston Marathon with those who supported them through their intensive training.

Long’s Jewelers is proud of and has enjoyed the extensive association over the years with the Boston Athletic Association and the Boston Marathon. Long’s participation, along with its 130 year history, adds to a race rich in history and tradition.

Long’s Jewelers is located in Burlington MA and has five stores in Massachusetts, including one in the Financial District in Boston.

Add a comment

The IDEX Online Polished Price Report for May 2

Small round diamonds posted many rises again this week, with mid-size and larger stones seeing relatively thin activity, according to the weekly IDEX Online Price Report.

 

Fancy shape diamonds this week saw a wide range of changes which were overwhelmingly positive.

 

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

 

To receive a free copy of the full IDEX Online Diamond Price Report, please email us at prices@idexonline.com.

 

Rounds

 

  • 0.18-0.22 cts I / VS2-SI2 rises of 4-6%

  • 0.23-0.29 cts J / VS2-SI2 increases of 4-6%

  • 0.30-0.39 cts manyincreases

  • 0.40-0.44 cts a wide range of rises

  • 0.45-0.49 cts J / VVS2-SI2 rises of 2-3%

  • 0.50-0.69 cts several decliners

  • 0.70-0.79 cts N / VS1-SI1 declines of around 3%

  • 0.80-0.89 cts N / VVS1-VS1 decreases of more than 2%

  • 0.90-0.99 cts range of declines in lower colors, better clarities

  • 1.00-1.24 cts just one change, upwards

  • 1.25-1.49 cts just two changes, both rising

  • 2 cts M / VVS1 +3.3 to $6,200p/c

  • 3 cts D-E / SI1 rises of more than 2%

  • 4 cts J / SI1 +3.0 to $13,700p/c

  • 5 cts unchanged

 



 

Fancy Cuts

 

  • 0.18-0.22 cts E / IF-VS1 declines of 3-4%

  • 0.23-0.29 cts no changes

  • 0.30-0.39 cts many changes in top colors across all clarities

  • 0.40-0.44 cts D / SI2-I2 increases of 3-5%

  • 0.45-0.49 cts D / VS1-SI1 rises of 2-4%

  • 0.50-0.69 cts D-G / VVS1-SI1 rises of 2-4%

  • 0.70-0.79 cts F / VVS2-SI2 rising by 1-3%

  • 0.80-0.89 cts just two changes, both rising

  • 0.90-0.99 cts two increases

  • 1.00-1.24 cts three risers

  • 1.50-1.99 cts H / IF -3.1 to $9,300p/c

  • 2 cts L / IF -3.6 to $5,400p/c

  • 3 cts several risers in mid-colors and clarities

  • 4 cts many increases in top colors, lower clarities

  • 5 cts unchanged

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

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

AGS Elects Louis Smith as President, Names New Board


Newly Elected President of the American Gem Society Board of Directors, Louis Smith, CG, (left) with outgoing President, David Gardner, CG.(right)

The American Gem Society elected Louis Smith, Certified Gemologist, of Smithworks Fine Jewelry as President of the Society’s Board of Directors, taking over the role from outgoing President, David Gardner, of David Gardner’s Jewelers. The appointment was made during the Society’s annual Conclave in San Diego, on April 26th.

“Louis is going to be a wonderful President,” said Ruth Batson, CEO and Executive Director of AGS. “He has been a hard-working and committed member of our executive committee for the last four years, and is well-deserving of this honor.”

Smith will hold the role of AGS’s Board President until April 2016. Smith said, “I’m very excited to assume the role of President. We have a talented team at headquarters, and a hard-working and dedicated board. With that combination and our membership, I’m looking forward to great things in the next two years.”

AGS also announced the list of its 2014 - 2015 Board Of Directors including: President Elect – Scott Berg, CG; Secretary and Chair, Conclave Sub-Committee – John Carter, CGA; Sr. Advisor – Bill Sites, CGA; Treasurer – Kelly Kinas; Director at Large – Beryl Raff; Director at Large – Yancy Weinrich; Director at Large – Charles Rosario; Chair, International Guilds Council – Laura Stanley, CGA; Chair, Gemological Sciences Committee – Michael Richards, CG; Chair, Education & YT. Committee – Lisa Bridge, CG; Chair, Marketing Committee – Michael Wilson, CG; Chair, Membership & GR. Committee – Kelly Newton, CGA; Chair, AGS Lab Advisory Committee – Mark Moeller, CGA.

The Board also added three new members, each appointed as Director at Large – Frank Brown, RJ, Scott Udell and Stewart Wicht.

For more information regarding the American Gem Society, visit www.AmericanGemSociety.org.

Add a comment

Stuller Goes Live with Sustainability Position

Symbolizing its ongoing environmental consciousness in all areas of operations, Stuller is pleased to announce the go live of its sustainability position on Stuller.com.

The information gives the prime manufacturer’s views on a variety of topics ranging from water, waste and energy management to the responsible sourcing of precious metals, diamonds and gemstones.

“We have always been committed to conducting all phases of our operations in the most ethically, environmentally and socially responsible manner possible,” says Stuller President Danny Clark. “As a member of the Louisiana Department of Environmental Quality Leadership Program, we were proud to accept the Environmental Leadership Program (ELP) Award in the Large Business Pollution Prevention category both this year and last.”

Most recently, all of the manufacturer’s in-house produced gold and silver has been recognized for 100 percent-recycled content by the Scientific Certification Systems' (SCS). The SCS is a global leader in verification of environmental and sustainability claims with internationally recognized standards. www.scsglobalservices.com.

Learn more about Stuller’s sustainability promise at www.stuller.com/green.

Add a comment

JVC Issues Statement on Dodd-Frank Appeals Decision

On April 29, 2014, the Securities and Exchange Commission issued guidance in response to a Court of Appeals decision concerning the conflict minerals provisions of the Dodd-Frank Act, and the SEC rules implementing those provisions. The court upheld Dodd-Frank, but declared one provision forcing particular language to be a violation of the First Amendment. The Court rejected the many other challenges to the SEC rules made by the appellants in the case.

In its guidance, the SEC stated that it expects covered companies to file forms and reports required by its conflict minerals rules on or before June 2, 2014, as previously mandated by the SEC rules. Companies that are covered by Dodd-Frank are those that are listed with the SEC and file reports with that agency.

The guidance also made clear that the conflict minerals filings should comply with all aspects of the SEC rules, other than the specific obligation found to violate the First Amendment. Thus, covered companies must still inquire about the country of origin of conflict minerals – tin, tungsten, tantalum and gold. They must also report on their supply chain due diligence regarding any conflict minerals that originated, or may have originated, in the Democratic Republic of the Congo or an adjoining country.

Cecilia Gardner, JVC’s CEO, President and General Counsel, stated: “the SEC’s guidance makes clear that companies in our industry covered by Dodd-Frank must be ready to submit filings by June 2, 2014. This will require cooperation from every business in their gold and tungsten supply chains. Suppliers should take steps now to implement supply chain assurance systems.”

JVC’s recently published Supply Chain Assurance Kit, a do-it-yourself kit to help suppliers of gold and tungsten implement assurance systems, is available on its website at www.jvclegal.org. Please call JVC at 212-997-2002 if you have questions.

The SEC’s guidance can be found here.

Add a comment

Patti Geolat Creates Foundation to Combat Eating Disorders

Geolat Companies has announced the appointment of Terry Chandler to the board of the Something for Kelly foundation.

Motivated by the untimely death of her niece, Kelly Burk Nobbe, in 2009, Patti Geolat created a national foundation to prevent eating disorders in children ages 6 to 12.

Something for Kelly was launched this year during the National Eating Disorders Week, February 23 to March 1. Its mission is to empower children ages 6 to 12 to fight their predisposition to eating disorders. Through its programs and services, the foundation aspires to create a mindset shift in children with a predisposition to eating disorders, assist them in recalibrating their relationship with food, and motivate them to voluntarily choose a healthier direction.

Responding to his recent appointment to the board, Terry Chandler, “I am honored to be asked to serve on the Something for Kelly board. The opportunity to work with Patti and her team on this important mission to help these children is humbling.”

Eating disorders in children, as signaled recently by CNN, are on the rise, with girls and boys as young as 8 years old being hospitalized with anorexia—the deadliest of all eating disorders.

CNN points to a recent study conducted by the Agency for Healthcare Research and Quality showing that hospitalizations for eating disorders in children under 12 increased by 119 percent between 1999 and 2006. According to the same study, the numbers are not getting any better.

Reacting to these alarming numbers, Patti Geolat’s decision to give back was easy.

“These statistics should be disturbing to any family in the United States, and for that matter throughout the world. In 2009, my family was devastated by the loss of my niece, due to anorexia. Aside from the obvious grief that we felt, we were stunned by the overwhelming fact of how ill-prepared we were to face this tragedy.

“Although we knew she was battling this monster, we could not fathom that she could go to bed one night, after what seemed like a normal day, and not wake up.”

The Something for Kelly Foundation has been established to prevent this tragic and needless loss from happening to other families. It will showcase programs and services that care for the most vulnerable in our society: our children.

Speaking about the vision of the foundation, Geolat added that “through our programs, we will catch this disease before it takes root. That is why our focus is children in their formative years of 6 to 12. Our programs will help them to achieve and maintain a healthy body image and relationship with food.”

To help the mission of the Something for Kelly Foundation, please get involved today at www.somethingforkelly.org.

Add a comment

24 Karat Club Seeks Scholarship Applicants

The 24 Karat Club Southeastern United States (SEUS) is pleased to announce that applications are currently being accepted for multiple scholarships.

Individuals currently working in the jewelry industry for a minimum of one year and holding residence in the following states are eligible and encouraged to apply: AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, TX, VA, WV.

The deadline for application submission is June 30, 2014. Scholarship winners will be notified no later than August 1, 2014.

Scholarships will be awarded to deserving individuals based on criteria outlined in the Scholarship Application. Available scholarships are:

  • The Robert Foreman Memorial Scholarship – a $2000.00 award to be used for jewelry education and training
  • The Sterling Reputation Scholarship Program – One or more scholarships distributed from a $2500.00 fund to be used for jewelry industry education and training. This scholarship program is made available through a generous gift from Sterling Reputation, a leading manufacturer of fashion-forward, high quality sterling silver jewelry based in Sunrise, FL.
  • Diamond Council of America (DCA) Scholarships – Three scholarships covering the cost of any course from DCA. Made available through a generous gift from the DCA, the DCA is one of the jewelry industry’s leading accredited schools and offers professional certifications in diamonds, colored gemstones and jewelry sales through distance education.

Scholarship applications are available from any 24 Karat Club SEUS member or by contacting David Peters at dave_peters@sbcglobal.net. A list of members can be found at www.the24karatclub.org.

Add a comment

Indian Gem and Jewellery Council Announces Year-End Results

The Gem & Jewellery Export Promotion Council of India has announced the annual performance for the Indian gem and jewellery sector for the FY2013-14, declaring a contribution of $34746.90 million to India's foreign exchange earnings, with a decline of 11 percent as compared to the last year figures.

The financial year 2013-14 saw an increase of 12.65 percent in export of cut and polished diamonds with figures of US$ 19635 million. The industry also saw an increase of 11.98 percent in imports of rough diamonds with figures of US$ 16716 million indicating an increase in cutting, polishing and other manufacturing activities in India.

The export of gold jewellery and gold medallions together for the period April 2013-14 was at $11045.92 million, which shows a decline of 39.50 percent. This was mainly due to the non-availability of the gold limiting the extent of trade for many of the Indian players.

The average price for exported gold was lower than previous year adding to the woes of the industry that took a hit and closed at a negative of 11 percent. The coloured gemstones export also dropped by 20.10 percent in this year with figures of $519 million. The silver jewellery exports had a significant increase by 58.57 percent with figures of $1460 million.

Key exporting destinations for gems and jewellery in 2013-14 were UAE with 35 persent of exports valued at $12195.34 followed by Hong Kong that stood at 28 percent with value of $9790.45 and USA at 14 percent with export value of $4948.92.

Commenting on the financial year results, Mr. Vipul Shah, Chairman of Gem & Jewellery Export Promotion Council said, “There has been a robust growth in the diamond sector. The market is bullish and the US and Europe markets have also improved. Although, there has been a decline by 11% in the overall performance, there are numerous opportunities for growth and improvement. We are looking at new ventures, new markets such as Middle East, Russia, China and various initiatives to promote the industry.”

Mr. Shah also said that, “The outlook for 2014-15 looks positive in the overall gems & jewellery exports in the current fiscal. The MoU being signed with Russian diamond mining firm ALROSA to share trade and statistical data between the two countries will help in strengthening trade relations between the two countries. Some of our other initiatives for the year 2014-15 include the India - China Gemstones Buyer - Seller Meet in Jaipur, India – USA Buyer – Seller Meet to be hosted for the first time in Chicago, The 2nd edition of the global Gem & Jewellery fair in Dubai this November and many more.”

On an optimistic note, Vice Chairman, Mr. Pankaj Parekh said, “The prospects for 2014-15 looks bright for Jewellery, especially silver jewellry, as the 80- 20 scheme might get diluted, import duty is expected to be rationalized as the RBI has already allowed 4 more banks to operate in imported gold trading. There is also a huge demand in the international market, so we expect a boom in the silver jewellery exports with at least 10 % more exports compared to 2013-14.”

The Gem & Jewellery Export Promotion Council continued with its various initiatives aimed at promoting international as well as domestic trade in India.

Some of the initiatives included India International Jewellery Week (IIJW), India International Jewellery Show (IIJS), India-USA Buyer Seller meet, Basel World 2014, JCK Las Vegas Show 2014, Singapore International Jewellery Expo, Bangkok Gems and Jewellery Fair 2014, Budget recommendations to the Government of India and regular industry reports.

In other news, GJEPC and state-owned Russian diamond mining firm Alrosa have signed an agreement to exchange information pertaining to the development of the co-operation between Indian and Russian diamond sectors, including overviews of the diamond market situation, the Indian and Russian trade figures, information on Indian diamond market research. The agreement, inked by GJEPC Chairman Vipul Shah and Alrosa President Fyodor Andreev, is more evidence of warming trade relations between the two countries.

The India-China Gemstones Buyer-Seller Meet organized recently to bring together key trade representatives from the two countries would also be effective in not only presenting new prospects for the Indian trade but also provide the Chinese trade with deeper understanding of the Indian market, leading to establishing stronger business ties.

The Global Gem and Jewellery Fair offered an exciting opportunity to explore new markets in Middle East - Dubai and the Gulf region to the Indian participants who showcased new collections revolving around the region-specific aesthetics. With over 130 exhibitors participating from India and the GCC, the GGJF was an ideal platform for international buyers and sellers and after the astounding success received for the first edition in 2014, GJEPC has been invited to host another edition within 6 months itself in Dubai.

The India-USA Buyer-Seller Meet is set to be organized in Chicago from September 5-8. This will bring together key trade representatives and would also be effective in not only presenting new prospects for the Indian trade but also provide them with deeper understanding of the Indian market, leading to establishing stronger business ties. GJEPC aims to strengthen the existing trade ties with USA and provide a platform to develop new customers for the Indian G&J industry.

More info on: www.gjepc.org.

Add a comment

Sarine Loupe Tests Pronounced a Success

Sarine Technologies has announced the success of Sarine Loupe tests in the United States and India.

A limited number of customers in India are now employing the technology, which provides revolutionary digital imaging of diamonds and gemstones anywhere.

Scanning 360 degrees of a diamond or gemstone, the Sarine Loupe creates a 3D digital file that can be rotated freely in all directions, zoomed in, and thoroughly inspected.

Sarine Loupe provides, for the first time ever, an objective visual standard resulting in unprecedented ease of trade. The file can be shared digitally throughout various platforms, eliminating the need to travel with stock. Secure and high tech, Sarine Loupe fills a void in the market for inspecting diamonds and gemstones globally, without the worry or hassle of shipping.

Manufacturers in India and buyers in the U.S. have responded positively, with the majority of participants expressing interest in the imaging technology. Responding to the demand in India, Sarine Technologies has decided to start offering the imaging on a limited roll out basis.

At the suggestion of participants, Sarine is in the process of adding additional features to Sarine Loupe, providing even easier online assessment of polished diamonds. Production ramp-up and the implementation of additional features will happen simultaneously over the coming months, with full the commercial offering of Sarine Loupe imaging occurring in the third quarter of this year.

Uzi Levami, the Group's CEO commented, "The feedback from the testing has been very positive, and the ideas proposed by our customers show just how excited they are about the concept embodied in the Sarine LoupeT. We are, as we have previously commented, confident that the Sarine Loupe will enable online assessment of polished diamonds in an altogether new and efficient mode, by enabling buyers to ascertain accurate and objective information as to the polished diamonds’ Clarity and Cut.

“We will further enhance the system so that an impression as to the polished diamond's Color and its visual appearance will also be provided. Coupled with the Sarine Light, diamond sellers will have at their disposal two effective means by which to accurately present the features of their polished diamonds to potential buyers, and the buyers will have the objective means by which to make informed decisions online about buying the stones, without being encumbered by the inefficiencies that are currently part and parcel of the trading process."

Two demos of the technology are available online at: sarine.com.

These examples of two equally graded 2.5-carat round brilliant diamonds (with GIA certificates), both with Color H and Clarity VS1, show just how objective the new Sarine Loupe imagery is. In the first example, one can easily see that the stone, though a VS1, has two black inclusions near the center of the stone, while in the second example there are no easily discernible inclusions of any type (though upon closer inspection at a higher magnification one can find the very small imperfections).

For more information about Sarine and its products and services, visit sarine.com.

Add a comment

Vice President Moves at Stuller

(left)Tammy Kidder, (right) Shawn Montgomery

Former Executive Director of Corporate Operations, Tammy Kidder has been promoted to vice president of findings, metals and recycled materials at Stuller.

Tammy joined Stuller in 1994 in production control. Over the years, she’s worked in many of the divisions here at Stuller including product design and development, merchandising, materials control, and procurement.

Current Executive Director of Customer Experience, Shawn Montgomery will assume the role of vice president of sales.

Shawn has been a part of the Stuller team for 18 years. He began his career in manufacturing and in 2002, became a sales director. He gained sales experience in the field and within Stuller's contact center. Most recently, Shawn has led a cross-functional leadership role in implementing a CRM system to pave the way for Stuller to continue its path is seeking "The Perfect Customer Experience" across all of Stuller interactions with its customers.

Add a comment

GIA Field Gemologist Will Speak at Bangkok Gathering

Vincent Pardieu, GIA's senior manager of field gemology in Bangkok, and Votha Un in Pailin. Photo by Brian Smith.

A decade ago, a gemologist and his friends journeyed to Pailin, a small Cambodian town surrounded by jungle, volcanoes and rivers, to get a rare glimpse into its gem mining world. In search of a translator at the Samaki market, they encountered a local English-speaker knowledgeable about gems who would forever change their views on field gemology.

Attendees of Gemological Institute of America’s next Gemstone Gathering in Bangkok on April 30 will hear from Vincent Pardieu, GIA’s senior manager of field gemology in Bangkok, on how a Cambodian man named Votha Un taught him that gemology encompasses much more than science, art, history, geography or trade.

It is most importantly about the people. Pardieu learned that the key to visiting places like Pailin, once thought to be too dangerous for outsiders, is the support and companionship of someone like Votha, who opens the doors to the local trade. That lesson helped Pardieu create his vision and methods of field gemology.

Pardieu and Votha made 29 expeditions to Pailin to meet with gem miners and traders, allowing Pardieu to gain an extensive insight into the dynamics of the gem trade there. This event about the mines and gems of Pailin is dedicated to Votha Un, who is in Calmette Hospital in Phnom Penh with a life-threatening illness. 

Pardieu specializes in the origin determination of gemstones and has visited numerous gem-producing areas in South East Asia, Central Asia and East Africa, particularly the Ilakaka–Sakaraha sapphire deposits of southern Madagascar. He has spent his career in leadership positions with gemological laboratories around the world, including in Thailand and Switzerland. His research and expertise have been the catalyst for numerous articles in GIA’s Gems & Gemology and various trade publications.

GIA’s Gemstone Gathering, a free event, begins at 6 p.m. on April 30 in the “Crowne Room 1-3” on the 21st floor of the Crowne Plaza Hotel, Lumpini Park in Bangkok. 

 

Due to limited seating, please RSVP by April 29 to pkosolsu@gia.edu; the GIA laboratory in Bangkok at 02-632-4090; or call the Thailand campus at 02-632-4590. For more information, visit www.giathai.net/news.php.     

Add a comment

Las Vegas Show Brings Together World Renowned Dealers

The largest selection of antique jewelry and watches will be presented at the 2014 Las Vegas Antique Jewelry & Watch Show.

Hosted by U.S. Antique Shows, the trade-only event is held at the Paris Las Vegas Hotel and Casino, May 29 - June 1.

“We’re thrilled to continue to host our event in Las Vegas and acquaint the trade community with today’s latest antique jewelry trends,” says Dan Darby, Emerald Expositions vice president and U.S. Antique Shows group show director. “We’ve made some notable improvements this year, like refiguring the show’s floor plan to allow dealers an increase in booth size to showcase more of their merchandise.”

Prominent dealers from as far away as France, India, Holland and Singapore will be showcasing their rare and unique collections at this year’s event. Items featured include trends straight from the spring runway, such as gold chains, retro watches, cuff bracelets, colored diamonds and more. Attendees will also be able to purchase an array of merchandise from the Renaissance to Modern periods.

In addition, U.S. Antique Shows is a proud supporter of the 2014 Rings of Strength held on May 29 at Mandalay Bay Resort Hotel Casino. Participants can choose to bike a challenging 50K route in the scenic Red Rock Canyon, a moderate 15K ride, a brisk 5K run or a relaxing 5K walk along the Las Vegas strip. The event begins at 5:30 a.m. and all proceeds benefit the Jewelers for Children, which helps children who have been affected by illness, abuse or neglect.

 

For more information, visit www.ringsofstrength.org

Add a comment

Peggy Jo Donahue Named Director of MJSA Education Foundation

MJSA has announced that Peggy Jo Donahue has been named director of the non-profit MJSA Education Foundation.

Well-known throughout the industry for her broad-ranging contacts and exceptional communication skills, Donahue formerly served as Director of Public Affairs at MJSA, a position she held since joining the association in 2009. She is also the former editor in chief of both JCK and Professional Jeweler magazines, and her honors include two Jesse H. Neal National Business Journalism Awards and the Women's Jewelry Association Award for editorial excellence.

The Foundation, a 501(c)3 subsidiary of MJSA, supports educational programs and initiatives to help ensure the industry maintains a qualified, competitive workforce. It sponsors several seminar series and conferences, including the "At the Bench" demonstrations at AGTA GemFair Tucson; the seminar program at MJSA Expo New York; and the MJSA ConFab conference in New York City, which focuses on "profit lessons" for designers. In addition, the MJSA Education Foundation Scholarship Group has, since 1997, generated nearly $165,000 to support U.S. students enrolled in jewelry-design and jewelry-making programs.

 

"Peggy Jo's contacts, energy, and knowledge of the industry are exactly what the Foundation needs to further its educational outreach," said Dave Meleski, president of the Richline Group and chair of the MJSA Education Foundation. "We look forward to having her lead the Foundation to its next level of success."

Add a comment

The IDEX Online Polished Price Report for April 24

As in past weeks, smaller round diamonds saw a wide range of increases, while there was less action and more negative movements in mid-size and larger stones, according to the weekly IDEX Online Price Report.

 

There were very few changes in prices of fancy shape diamonds, with many categories unchanged.

 

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

 

Rounds

 

  • 0.18-0.22 cts H-I / VS2-SI2 rises of 3-6%

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts F-J / SI3 increases of 3-4%

  • 0.40-0.44 cts J / VVS2-I1 rises of 2-4%

  • 0.45-0.49 cts H-J / I1 rises of more than 3%

  • 0.50-0.69 cts H-J / SI2-I1 increases of 2-4%

  • 0.70-0.79 cts just three changes, two up, one down

  • 0.80-0.89 cts N / VVS1-SI1 decreases of more than 2%

  • 0.90-0.99 cts range of declines in lower colors, better clarities

  • 1.00-1.24 cts just two changes, both upwards

  • 1.25-1.49 cts K / SI2 +2.5% to $4,100p/c

  • 2 cts N / VS2-SI1 rises of 2%

  • 3 cts D-E / SI1 rises of more than 2%

  • 4 cts F-G / SI1 rises of more than 3%

  • 5 cts H-I / IF declines of 0.5%

 



 

Fancy Cuts

 

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts no changes

  • 0.30-0.39 cts unchanged

  • 0.40-0.44 cts E / SI2 +3.3 to $1,550p/c

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts unchanged

  • 0.70-0.79 cts I / I1-I2 falling by 3-4%

  • 0.80-0.89 cts unchanged

  • 0.90-0.99 cts no changes

  • 1.00-1.24 cts unchanged

  • 1.50-1.99 cts no changes

  • 2 cts N / IF +2.4 to $4,200p/c

  • 3 cts three changes in mid-colors and clarities

  • 4 cts F / VS1 +3.1 to $33,500p/c

  • 5 cts unchanged

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

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Second Annual Northwest Jewelry Conference Coming in August

The history, science and artistry of fine jewelry will be highlighted at the second annual Northwest Jewelry Conference August 15-17 in Bellevue WA.  

Noted jewelry historians Diana Singer and Peter Shemonsky will be returning with new topics of value to collectors, jewelers and appraisers. 

In all, eight industry leaders will provide in-depth presentations plus hands on workshops for up to twenty-four students.

“This is an information-dense weekend” explains Ted Irwin, director of Northwest Gemological Institute (NGI), the conference host.  

“It all started 25 years ago with period jewelry seminars by Karen Lorene (who will also be speaking this year), and grew into full weekend programs, first with Christie Romero and then Peter Shemonsky.   

“Last year we transitioned to a multi-speaker format.  Our intent is to bring world-class speakers to a small group environment.   It may not make the school money but it does provide an opportunity for those passionate about period jewelry to explore the topic at home in the Pacific Northwest.”

The NGI classes have expanded outside its original localized audience.  Students have come from seven western states and Canada to attend the NGI programs, and inquiries have spread to the other coast. “We are not trying to compete with the other great programs out there” says Irwin, “but offer a unique class where students can really interact with their instructors”.  And the instructors seem to like that.  

“Diana’s “Great Jewelry Heists” was a big hit last year and Peter has been an NGI favorite instructor here for several years, so they have to be back – both even asked if they could return.”

The conference kicks off this year with a champagne/hors d’ oeuvre reception on Friday, August 15 where Singer will present “What Makes Good ‘Good’?”  We know it when we see it; good things always stand out from the crowd. But what are the elements that determine excellence in jewelry?  

Singer will discuss stone quality, workmanship issues, and the components of good design, including mathematical principles, color usage, negative and positive space.  You will never look at jewelry the same way again. 

On Saturday, August 16, Singer and Shemonsky will team up to cover the formidable history of Tiffany & Co., its innovations, designers and imposters.  This presentation is the launch of an in-depth coverage of one major jewelry house at each conference.  

Another planned yearly presentation is “Another Time and Place,” which will offer a 360-degree look the influences, developments and transitions within a slice of jewelry history.  

This year, Shemonsky will examine 1890-1905, the closing of the 19th Century to the dawning of a new era, navigating the political, socio-economic and technical influences that shaped the 20th century and the jewelry associated with it. 

Diana Singer is owner of D & E Singer Inc., buyers and sellers of estate jewelry and gemstones out of New York City.  She is a founding member of the Women’s Jewelry Association (WJA), recipient of WJA Retailer of the Year Award in 1988.  Singer is a Board of Directors member and Program Chair of the American Society of Jewelry Historians (ASJH); frequent lecturer including Tucson Gem Fair, GIA Symposium, Annual Period and Estate Jewelry Conference, Jewelry Camp, auction houses, and industry shows.  She has been published in Rapaport Diamonds, JCK and other trade publications.   

Peter Shemonsky, is president of Peter Jon Shemonsky Fine Antique Jewelry, as a buyer and seller of estate jewelry based in San Francisco, and provides restorations, design and appraisals.  He is the author of the International Society of Appraisers Antique and Period Jewelry course, co-director of ASJH West Coast chapter; past Jewelry department head of Grogan & Co, Bonhams, and buyer for CIRCA Jewels, San Francisco and Hong Kong.   

Peter is a frequent lecturer including American Gem Society (AGS) Conclave, National Association of Jewelry Appraisers (NAJA), American Society of Appraisers (ASA); and a regular of TV’s Antiques Roadshow for the past ten years.  This will mark his fourth year as instructor with NGI.

“The Evolution of Diamond Cutting” will be a comprehensive history from Al Gilbertson cut historian at the Gemological Institute of America, and Scott Sucher, principal of The Stonecutter who provides museums with replicas of the world’s most famous diamonds.   

Al Gilbertson has helped develop many of the industry’s analytics that determine a diamond’s light performance, including the American Gem Society’s (AGS) cut grade system and GIA’s cut grade system with his current research being on the metrics for fancy cuts as GIA’s Cut Project Director, Carlsbad, CA.   He is author of “The American Cut – the first 100 years.” 

Scott Sucher has degrees in semiconductor manufacturing, chemistry and management.   He has done exhaustive historical and hands on studies of the Hope Diamond and its lineage from the French Blue as published by GIA’s Gems and Gemology as well as television  productions by National Geographic and The Discovery Channel.  

He will present his exact replicas of the World’s Most Famous Diamonds, where students can see and feel just how impressive they really are.

Jewelry as Art is Karen Lorene’s look at designers who create jewelry for artistry sake over intrinsic value and how it is evaluated.

Karen Lorene is the owner of Facèré Jewelry Art, Seattle, WA featuring dozens of local and international artists and has appraised jewelry art since 1987.   She is an authority on antique jewelry as an appraiser since 1972 and author of “Buying Antique Jewelry – Skipping the Mistakes.”  She published the memoir/business workbook “Building a Business – Building a Life,” and her second novel should be out by Conference time.  Lorene is a senior member of the National Association of Jewelry Appraisers and participated in the Antiques Roadshow for several years.

A lighter, but informative close to Saturday’s schedule will be a Pearl Stringing Demonstration by Evie Chung, who presented a comprehensive pearls workshop last year. Students will see what happens when a strand is submitted for re-stringing.  While she demonstrates the traditional Japanese hand-knotting technique, Chung will discuss stringing options and restoration of period pearl strands.

Sunday’s sessions are heavy-duty workshops on materials and markings to aid in the identification, origin and time placement of jewelry. Shemonsky will present “What is It?” with examples and testing procedures for the many organics and their substitutes used in jewelry.   

William Whetstone and Danusia Niklewicz of the Hallmark Research Institute will provide great insight into deciphering jewelry marks through their presentation Where is it From?;an interactive presentation and hands on hallmarks workshop.  With Lindy Matula, Whetstone and Niklewicz are the authors of “World Hallmarks, Volume One, Europe,” and are doing continuing research for hallmarks outside of Europe for volume two, due out later this year.

William Whetstone is a historian, antiquarian jeweler, numismatist, educator and goldsmith.  He is twice past president of the International Society of Appraisers, where he wrote and taught on the appraisal of gems, jewelry and fine arts. He has been a dealer and collector of ancient and world coins as well as precious metal objects d’ art for over forty years.

Danusia Niklewicz is a highly respected independent jewelry appraiser to the antique and high-end jewelry community in the Los Angeles area for over twenty of her thirty year industry career.  She taught at GIA and ISA, holding G.G. and CAPP credentials, and earned her fellowship from the Gemmological Association of Great Britain as well as credentials with the American Society of Appraisers.  She and Whetstone have provided their interactive lecture series across Canada and the U.S.

Cost of the conference sessions, which includes the reception, breakfasts and lunches is $595 and will be held at Northwest Gemological Institute in Bellevue WA.   

 

Further information on the Institute is available through www.nwgem.com, with complete conference and registration details at www.northwestjewelryconference.com

Add a comment

TimeCrafters Luxury Watch Show Returns to Park Avenue

TimeCrafters, America’s Premier Luxury Watch Show, will return to the Park Avenue Armory this Spring, May 16–18.

Industry paragons that will exhibit and celebrate the fine art of watchmaking include A. Lange & Söhne, Audemars Piguet,Bulgari, Chopard, Christophe Claret, De Bethune, Frederique Constant, Hublot, HYT, Jaeger-LeCoultre, Parmigiani Fleurier, Richard Mille, Tag Heuer, Urwerk, and Zenith.

American horological aficionados will have a rare opportunity to gather at the beautiful and historic Park Avenue Armory over three event-filled days, where they can peruse the most cutting-edge timepieces, all of which were presented by the world’s leading “haute horologie” brands not more than three month ago at Baselworld or SIHH.

Highlights will include:

Christophe Claret: Margot is Christophe Claret’s first ladies’ watch complication. It features an ingenious mechanism that helps to ‘predict’ – or at least tries to – one of nature’s paramount questions: “Does he love me?” A simple press of the pusher at 2 o’clock brings the watch to life. With each press, a petal – sometimes a pair of petals, subtly disappears under the dial in a smooth action, perfectly depicting the delicate undressing of the flower. The eagerly-awaited answer appears at random in calligraphic letters (in French) on the dial at 4 o’clock: Un peu (a little) – beaucoup (a lot) – passionnément (passionately) – à la folie (madly) – pas du tout (not at all)? Need to know more about this intriguing ladies’ watch – come see it for yourself at TimeCrafters 2014.

Jaeger-LeCoultre Hybris Artistica Collection exclusively premieres in New York at TimeCrafters: The unique spirit of inventiveness and the 180 century-old skills of the Grande Maison will be brought to life thanks to Hybris Artistica, a collection of twelve precious timepieces.  Symbolizing the horological excellence of the Manufacture and combining as never before watchmaking art and transcendent creativity, the Hybris Artistica collection will make a grand debut at TimeCrafters, and will be in the spotlight of the luxury exhibition. 

Parmigiani Fleurier: Parmigiani Fleurier is proud to announce its new partnership with Pomellato, the prestigious Italian Jeweler, combining the exceptional expertise of both companies and redefining the realm of ladies’ watches. The Arabesque-inspired Tonda Pomellato, is characterized by a pattern of openings in rose gold, which give way to transparent elements with colored precious stones. The watch is available in shades of beige, with or without stone setting, and in shades of graphite with a setting on the four lugs.

Zenith: A movement well-known to collectors beats at the heart of the latest Zenith watch: Calibre 410. Created in 1969 as a variation of the legendary El Primero, it combines the performances of the world’s most accurate automatic chronograph with triple calendar and moonphase indications. Steadily perpetuated over the years, it now appears in a form bridging past and present, orchestrated around a display loyal to the historical model, while the case displays resolutely contemporary lines.

TimeCrafters Seminars are planned over the course of the show, including a panel discussion hosted by famed auction houseChristie’s, titled “Trends in Watches and Jewelry: How to Build a Collection, which will be held onSaturday, May 17 at 11:15 AM. The panel will include Christie’s Reginald Brack, VP, Director of Privates Sales, Watches, and Tom Burstein, SVP, Senior Jewelry Specialist, Hodinkee’s Associate Editor Stephen Pulvirent, private collectors Paul Boutros, and Andrew Jacobs, and will be moderated by local TV personality Bill McCuddy.

 

TimeCrafters will be open for general admission May 16 – 18, 2014, from11:00am-6:00pm. Advance registration is open online at www.timecrafters.com. Tickets are $10 online, or $20 at the door.

Add a comment

GIA Names Crimmin VP-Lab Operations

The Gemological Institute of America has appointed Matt Crimmin as vice president of Laboratory Operations.

Crimmin, who helped lead operational aspects of GIA’s international lab expansion from 2006 to 2009, brings valuable experience with global management and strategic initiatives to the role.

“As a member of our growing team, Matt Crimmin will help improve operations at GIA’s laboratories,” said Tom Moses, executive vice president and chief laboratory and research officer for GIA.

“He made a significant contribution to the development of lab processes as GIA expanded, and has since gained experience in cross-functional management on a global scale. I’m confident that Matt will again make a significant contribution as we work to meet the expanding demand for services while maintaining our quality standards.”

Crimmin joins GIA from multinational consumer goods company Procter & Gamble. From 2010 to 2011, he served as GIA’s director of Laboratory Strategic Initiatives; prior to that he worked as consultant for GIA and other consumer and luxury goods companies. He holds a Masters in Business Administration from Cornell University and a Bachelor of Arts from Brown University.

Crimmin began his current tenure with GIA on April 8 and will report to Tom Moses. He will oversee regional laboratory operations, focusing on Africa and the Middle East.

For more information about GIA, visit the website at www.gia.edu.

Add a comment

Diamond Empowerment Fund Gala Gains Major Support

Major leaders spanning the breadth of the diamond and jewelry industry have joined as Sponsors of the Diamond Empowerment Fund’s Diamonds in the Sky Las Vegas gala including: Premier Presenting Sponsors: Rio Tinto, Signet Jewelers Ltd., The De Beers Group of Companies; Premier Partner Sponsor: Chow Tai Fook Jewellery Group Limited; Premier Patron Sponsors: KGK Group, Le Vian Corporation, Tiffany & Co.

Anna Martin of Standard Chartered Bank and D.E.F board member said, “The immediate embrace by these global leaders of the ‘Diamonds in the Sky Las Vegas’ gala signifies a momentous coming together of the industry in support of D.E.F’s Diamonds Do Good mission.”

Concurs Philippe Mellier, CEO, The De Beers Group of Companies, “We are a founding partner and proud supporter of the Diamond Empowerment Fund. In our 45th year of partnership with the people of Botswana, we are delighted to be part of this special occasion honoring the country’s unique record of success in transforming its natural resource into sustainable, broad-based development.

The elegant affair will bring together a unique mix of the international diamond jewelry industry, government officials from diamond producing nations, and celebrities from fashion and entertainment. The proceeds will benefit D.E.F.’s recently expanded mission that supports diamond communities around the world.

Jean-Marc Lieberherr, Managing Director, Rio Tinto Diamonds says, “With this expanded mission D.E.F has become the industry organization that is taking the role to communicate to the consumer all the good things that diamonds do today and will continue to do tomorrow. We are honored to support this endeavor.”

Kent Wong, Managing Director of Chow Tai Fook Jewellery notes, “We are proud to be part of an industry that gives back. We salute the good works of H.E. President Khama, the Government of Botswana and the role D.E.F is taking to communicate this to consumers around the world.”

Phyllis Bergman, President of D.E.F.’s board of directors concludes; “We are thrilled to welcome such an esteemed list of industry leaders as Premier Sponsors of Diamonds in the Sky Las Vegas.”

The Premier Sponsors are joined by Benefactor Sponsors; Arjav Diamonds, Blue Star Diamonds, Dali Diamond Co., Diacore, Diarough, Eurostar Diamond Traders, Julius Klein Group, M. Suresh Company, Pluzcenik, Rosy Blue, Shree Ramkrishna Exports, Sustainer Sponsors; American Gem Society Laboratories, Christopher Designs, Crossworks Manufacturing, Dalumi Group, Dominion Diamonds, GIA, Interjewel, JCK, Leo Schachter, Niru Group, Rapaport Group, Taché, Y.Dvash and Empowerment Circle Partners; Forevermark, Dalumi Group, Malca-Amit, Brilliant Earth, Exelco, Leo Schachter, Sarine Technologies, Tiffany & Co.

The Diamond Empowerment Fund was co-founded by Russell Simmons and leaders in the diamond industry in 2007. For more information on tickets, journal ads and sponsorship opportunities please contact Executive Director Nancy Orem Lyman at n.lyman@diamondempowerment.org or visit diamondsintheskylasvegas.org.

Add a comment

Sponsors Sign On for Rings of Strength Bike Event

To date, TAG Heuer, JCK Events, Rio Tinto Diamonds, Blue Nile, Brinks, the Harmon Group, Jewelry Creations, Coast Diamonds, Leo Schachter Diamonds, Malca-Amit, and Freeman have signed on to sponsor the Jewelers for Children Rings of Strength Tour bike-run event that takes place on Thursday, May 29.

Participants can bike—with their own cycles or with a rented one—either a 50k route through Red Rock Canyon or a 15k route that snakes along local roads in clearly defined bike lanes. Runners and walkers, meanwhile, can work a 5k route at their own pace.

The event kicks off at 5:30 a.m. to avoid the heat of the day, and rest stops along the route will ensure that everyone stays hydrated and energized to help raise funds for children in need.

Sign up as an individual or a team at ringsofstrength.org, and create your own fund-raising page and URL that can be forwarded to encourage others’ support.

Participants can visit www.ringsofstrength.org to sign up.

Add a comment

Trent West Gains Injunction against Bijoux Max

Trent West, owner of nine patents related to the concept and manufacture of Tungsten Carbide rings in the United States, has gained an injunction against Bijou Max LLC of Los Angeles, California, prohibiting sales of Tungsten Carbide rings.  

Bijou Max LLC sells under the brand names Metal Masters Co., Ultimate Metals Co., and Bonndorf. Bijoux Max LLC is believed to be one of the largest Internet sellers of Tungsten Carbide rings.

West has sued more than twenty sellers of infringing Tungsten Carbide rings as part of an ongoing campaign to stop the unlawful infringement of his patents being distributed and/or sold without a license. West is seeking permanent injunction against all defendants from further infringement and is also seeking monetary damages due to the infringement.

”We are extremely pleased with the injunction. This injunction is another major development in recognizing the validity of Trent West¹s patents and his ability to enforce his rights to protect his patent rights,” states West¹s attorney, Edward King of King & Kelleher, LLP. 

“This ruling should send a clear message to violators who infringe on these patents. The nine patents cover all Tungsten Carbide rings in the U. S. market.”

 

Representing 32 percent of the men¹s wedding band market, Tungsten Carbide has become one of the most popular contemporary metals used in wedding bands. As one of the hardest materials used in the manufacturing of rings, Tungsten Carbide is also the most scratch-resistant metal on the jewelry ring market, ranking behind a diamond on the Mohs scale of mineral hardness.

Add a comment

Schiffman’s Jewelers Names NC Family Business of the Year

Schiffman’s Jewelers has been named the 2014 North Carolina Family Business of the Year in the Century Category by Wake Forest University Family Business Center and Business North Carolina.

The venerable firm, which marked its 120th anniversary in Greensboro last year, will be honored at the North Carolina Family Business of the Year awards celebration in Charlotte on May 8.

“We’re honored to have been named a North Carolina Family Business of the Year,” commented Lane Schiffman. “Family is the heart of everything we do. Every generation has made a unique contribution to our success: our great-grandparents set the foundation for our business; our grandfather grew it and helped to establish our statewide reputation; and our dad expanded it beyond the state borders. My brothers and I strive to continue their legacy.

“We’re very hands-on: we each oversee different areas of the business, and at any given time can be found in one of our stores assisting clients. We were fortunate to have the experience of working with and learning from our grandfather, and still have the luxury of working with our dad.”

The North Carolina Family Business of the Year Awards are presented annually by the Wake Forest University Family Business Center.

Winning businesses are named in four categories: Century, Large, Medium and Small. To be nominated for the Family Business Awards, a business must have its headquarters in North Carolina. Businesses are evaluated based on innovative business strategies and practices, business growth and development, contributions to the community and industry, involvement by family members and generation, and commitment to family well-being.

The Schiffman family has been deeply committed to welfare of the community since Simon established the firm.

He was an active member of community organizations such as the Chamber of Commerce and the Greensboro Merchants Association, and was an early supporter of the North Carolina Female College (now UNC Greensboro).

His sons, grandsons and great-grandsons have followed suit. Three generations of the Schiffman family have served as Chairman of the Greensboro (now Guilford) Merchants Association–Arnold (1923), Tony (1974) and Lane (2007).

In addition to the Schiffman’s personal activities, Schiffman’s Jewelers supports many organizations in the Piedmont Triad region including The Junior League, Family Service of Greensboro, The Children’s Home Society of North Carolina, The Brenner’s Children’s Hospital, The Make-A-Wish Foundation and the Greensboro Sports Council.

Schiffman’s Jewelers was established in 1893 when Simon Schiffman opened the doors to his first jewelry shop at 303 South Elm Street in Greensboro.

Today Schiffman’s Jewelers is an independent, luxury jeweler owned and operated by the fourth-generation of the Schiffman family. Schiffman’s Jewelers stores are located at Friendly Center and 225 South Elm Street in Greensboro and at Stratford Village in Winston-Salem. The Schiffman family also owns and operates Sylvan’s Jewelers (est. 1897) in Columbia, South Carolina; Keller & George Jewelers (est. 1875) in Charlottesville VA; Schwarzschild Jewelers (est. 1897) in Richmond VA, and Shreve & Co. (est. 1852) in San Francisco and Palo Alto CA and Portland OR.

Add a comment

Rogers & Hollands Adds Tennenbaum Collection for LGBT Customers

One of the largest family owned jewelry chains in the country, Rogers & Hollands, is expanding its demographic reach and marketing to include the LGBT community by adding a new wedding jewelry collection created to celebrate marriage and equality. 

The chain, which operates several stores throughout the Chicago area and throughout the Midwest, has just announced the addition of Rony Tennenbaum’s Jewelry collection to its bridal cases in both its Woodfield Mall location in Schaumburg, and in downtown Chicago’s Water Tower Place stores. 

With stores across Illinois, Indiana, Michigan, Minnesota, Kentucky, Ohio, Tennessee, Missouri and Wisconsin, Rogers & Hollands believes that adding the Rony Tennenbaum collection will allow them a wider outreach and include same-sex couples as part of their all-inclusive accepted family of consumers.

Rony Tennenbaum Jewelry has been sending a strong message of inclusiveness to the LGBT community for almost a decade.  As a wedding jewelry designer for over 25 years, Tennenbaum’s unique wedding and engagement ring styling is built with fashionable timeless features and driven by a strong sense of sentiment.  

Tennenbaum recognized the lack of attention the LGBT community was receiving in wedding jewelry and designed his brand to showcase high end designs beyond stereotypical rainbows and triangles. 

More than just a designer, Tennenbaum understands the need in educating a generation of retailers as well as consumers who are facing new traditions and etiquettes.  His outreach to the community on “The New Etiquettes of the Rainbow” is a step in teaching both retailers and consumers about the new options in wedding jewelry etiquette.  He also consults about making educated purchases. 

As these etiquettes are being written by the LGBT community, visionary retailers such as Rogers & Hollands are seeking out Tennenbaum’s expert understanding in the culture, tastes and needs of the LGBT community, as well as the jewelry and diamond worlds.

Already distributed in states such as: Connecticut, New York, Illinois, Florida, Washington and Virginia, Tennenbaum is thrilled to be adding his line of wedding jewelry to the Rogers & Hollands chain. 

In his opinion, the stores already have a strong loyal following and the outreach to include the LGBT community will only strengthen their foothold as a bridal destination.

 

At the helm of his brand, Tennenbaum is not only breaking the mold with his designs, but is also using his expertise and message behind his jewelry to be in the vanguard of a new generation of jewelry consumers, and taking with him any pioneers who wish to join forces with him and his message on the journey.

Add a comment

JVC Summary Explains Recent Dodd-Frank Decision

On April 14, the U.S. Court of Appeals for the District of Columbia Circuit issued its opinion in the appeal of National Association of Manufacturers, et al., v. Securities and Exchange Commission.

NAM had challenged several aspects of the SEC’s disclosure rules implementing the conflict minerals provisions of the Dodd-Frank Act. While the Court rejected most of those claims, it held that requiring certain companies to publicly report that their products have “not been found to be ‘DRC Conflict-Free’” violates the First Amendment by unconstitutionally compelling speech.

The other provisions of the rule remain in place. These require that companies covered by the rule – public companies that file reports with the SEC – report to the SEC about the origin of the conflict minerals they use. The conflict minerals are tin, tantalum, tungsten and gold. In addition, companies covered by the law must exercise due diligence regarding their supply chains if the conflict minerals they use may have originated in the Democratic Republic of the Congo (DRC) or an adjoining country.

The requirement that, after performing supply chain due diligence, companies then publicly report if any of their products have “not been found to be ‘DRC conflict free’” is the only provision that the Court found to be unconstitutional.

According to the Court, this requirement compels specific speech, instead of allowing companies to use their own language to describe their products.

In the Court’s words, “[b]y compelling an issuer to confess blood on its hands, the statute interferes with that exercise of the freedom of speech under the First Amendment.” The ruling does not change the requirement that a disclosure must be made to the SEC if a company determines that its products contain minerals tainted by conflict.

The disclosure, however, may be in language that the company chooses.

The case has been returned to the District Court for further proceedings. The coming weeks will determine the full impact of the ruling, as the parties to the litigation decide how to proceed. Should either party request it, the Court might grant a re-hearing on the matter before the full Court of Appeals for the D.C. Circuit.

In the meantime, companies covered by the law will continue to prepare their SEC filings. These companies will only be able to comply with the requirements of Dodd-Frank if they have the cooperation of their direct and indirect suppliers. Therefore, businesses in the supply chains of covered companies will continue to be called upon to provide information about mineral origin, and to implement responsible supply chain processes.

Besides raising the free speech issue, the appellants challenged several other aspects of the law. For example, they argued that the SEC erred by not including an exception in its Rules for de minimis uses of conflict minerals. They also asserted that the statute should apply to companies that “manufacture” with conflict minerals, but not to those that only “contract to manufacture.” Additionally, they contended that the SEC’s cost and benefit analysis regarding the rule was insufficient. The Court of Appeals rejected all of these claims.

JVC has published a summary of the main points of the court decision, which will be available on the JVC web site: www.jvclegal.org.

Also available on the website is JVC’s “Supply Chain Assurance Kit.” The do-it-yourself kit is designed to help suppliers of gold and tungsten implement assurance programs, and thus meet customer requirements regarding mineral origin and responsible supply chains.

Any questions on Dodd-Frank and conflict minerals can be directed to Suzan Flamm at suzan@jvclegal.org.

Add a comment

AGA Las Vegas Conference Will Focus on Lab-Grown Diamonds

As increased production of lab-grown diamonds continues, so do questions—about the products themselves as well as their impact. Everyone is affected, from dealers, retailers, designers, manufacturers and appraisers. Consumers also have questions and, unfortunately, many in the trade still don’t know how to answer them. To address the situation, this will be the focus of the AGA’s Las Vegas conference, taking place Thursday, May 29, 1:00-5:00 pm, at the Platinum Hotel.

The availability of lab-grown diamonds to the public through retail jewelers, internet sites, and in the secondary market, has raised many questions, and many viewpoints are surfacing. There are also rising concerns about inadvertently buying and selling lab-grown diamonds as “natural” diamonds, especially in small sizes set in multi-stone and pave-set jewelry.

“Now is the time to pay attention to this growing market,” says AGA president Stuart Robertson. Having tracked CVD production for about 10 years, and now watching the increasing role of China in the lab-grown sector, Robertson believes the world will see dramatic growth from China in CVD, along with expanding availability of HPHT-grown diamonds.

To address questions and issues in this rapidly evolving market, speakers at the AGA conference will include Dr. James Shigley of the Gemological Institute of America (GIA); Tom Chatham, President, Chatham Created Gems; Dusan Simic, President of Analytical Gemology and Jewelry Laboratory (AG&JL); and Ronnie Vanderlinden, President of the Diamond Manufacturer’s and Importers Association (DMIA) and Diamex, Inc.

Dr. James Shigley will provide information on identification techniques for lab-created diamonds, and Dusan Simic will present breaking news on affordable options now available for identifying mounted as well loose diamonds, including melee sizes. Tom Chatham, a respected grower, will give a producer’s insights into current and projected production estimates, while diamond dealer Ronnie Vanderlinden will share his thoughts on why he, a well known natural diamond dealer, decided to sell lab-grown diamonds as well as natural.

In addition, the Q&A session will be extended to allow attendees to play a more interactive role in creating an in-depth discussion and understanding of the market and where it is headed.

A hands-on session will provide a rare opportunity to see and examine a variety of lab-grown diamonds – both HPHT (High Pressure High Temperature) and CVD (Chemical Vapor Deposition) – following which there will be a cocktail and hors d’oeuvres reception at which attendees can meet the experts and colleagues, and continue the conversation.

Advance registration discount (by May 15): AGA and Gem-A members $95, non-members, $125; after May 15: $105 for AGA and GemA, $150 for non-members. Visit AGA’s website, www.accreditedgemologists.org for more information or to register.

Add a comment

Jewelers Mutual Offers “PEP” Talk

When it comes to creating or updating a safety and security plan, where is a jeweler to start?

In its latest video, Jewelers Mutual Insurance Company suggests tackling this complex topic by focusing on three central areas of security using "The 'PEP' approach to jewelry security" which examines physical, electronic and procedural measures that can help jewelers and their associates stay safe and secure.

In just over three minutes, jewelers can share this "PEP" talk with their sales and security teams to make security top of mind.

"Effective security for any jewelry operation requires an integration of appropriate physical, reliable electronic and consistently applied procedural security," said David Sexton, CPCU, vice president of loss prevention consulting.

"The critical interdependence of these three layers of security in the protection of a jewelry operation is the special subject of this program. We want jewelers to be able to evaluate their own security and protection through an understanding of how these layers depend on each other in an effective security strategy."

"By drawing attention to the different types of security, we want to help retail jewelers think more strategically about their operation. It's common for a retail jeweler to be strong in two of the three areas of security, but any vulnerability can make a jeweler a target for crime. We really want jewelers to step back and take a look at all three types of security - physical, electronic and procedural."

Jewelers Mutual debuted the PEP video during a free loss prevention webinar. The webinars, which introduced the PEP approach to security were well attended and included a question and answer session with one of Jewelers Mutual's loss prevention specialists, Carrie Volp. "It can be a challenge to fit in time for professional development and security training, so Jewelers Mutual is here to help," said Volp. "We host detailed webinars that you can attend and videos you can share with your associates because every employee plays a part in the security of your store."

The webinars are available on demand atJewelersMutual.com.

Add a comment

The IDEX Online Polished Price Report for April 17

A great deal of activity in round diamonds again this week with many rises, according to the weekly IDEX Online Price Report.

Fancy shape items again posted low levels of activity with most being negative.

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

Rounds

  • 0.18-0.22 cts several decreases

  • 0.23-0.29 cts J-K / IF rises of 2-3%

  • 0.30-0.39 cts many increases in most colors and clarities

  • 0.40-0.44 cts many rises in lower colors and clarities

  • 0.45-0.49 cts D / SI3-I3 rises of 2-4%

  • 0.50-0.69 cts I-L / SI2-I1 rises of 2-4%

  • 0.70-0.79 cts K / IF-VVS1 rises of 2-4%

  • 0.80-0.89 cts unchanged

  • 0.90-0.99 cts I / IF +3.1% to $6,600p/c

  • 1.00-1.24 cts just two changes, both upwards

  • 1.25-1.49 cts M / SI1 +3.3% to $3,100p/c

  • 2 cts N / VS2 +2.2% to $4,600p/c

  • 3 cts D-E / SI1 rises of around 3%

  • 4 cts I / VS1 +2.8% to $21,800p/c

  • 5 cts G-J / IF declines of up to 2.5%



Fancy Cuts

 

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts no changes

  • 0.30-0.39 cts E-F / SI2 rises of 3-4%

  • 0.40-0.44 cts unchanged

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts two changes, one up, one down

  • 0.70-0.79 cts I / I1-I2 declines of 3-4%

  • 0.80-0.89 cts just two changes, one up and one down

  • 0.90-0.99 cts D / VS2 +3.6 to $5,800p/c

  • 1.00-1.24 cts unchanged

  • 1.50-1.99 cts no changes

  • 2 cts I / IF +3.1 to $10,000p/c

  • 3 cts L-M / IF-VVS1 rises of 1-4%

  • 4 cts E / SI2 +2.9 to $14,200p/c

  • 5 cts L / SI1 + 2.9% to $7,000p/c

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

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Diplomats from 9 Countries Attend SRK 50th Anniversary

Shree Ramkrishna Exports has celebrated 50 years of its Founder Mr. Govind Dholakia’s Journey into Diamond Industry.

The event included all associates of Shree Ramkrishna Exports across the globe, together with many other dignitaries from various fields.

The Eminent celebration was surcharged by the presence of 18 Diplomats from nine countries Mr. Alexey Novikov (Russia), Mr. Sergey Kolesnikov (Russia), Mr. & Mrs. Pule Malefane (South Africa), Mr. Philip Mtsweni (South Africa), Mr. France Morule (South Africa), Mr. Richard Bale (Canada), Mr Adul Chotisinakorn (Thailand), Mr. & Mrs. Nat Pinyowattanacheep (Thailand), Mr. Soonthorn Chaiyindeepum (Thailand), Mr. Praphan Samphaiworakit (Thailand), Mr. & Mrs. Pius Dunaiski (Namibia), Mr. Julian Dunaiski (Namibia), Mr. Van Kleunen Eduard (Belgium), Dr. Perks Ligoya (Malawi), Mr. Bothata Tsikoane (Lesotho).

Mr. Boman Irani the most versatile actor from Bollywood hosted the event, which included a series of short talks and discussions focusing on the past history and future generation.

Entertainment was also the part of the show. Javed Akhtar, the veteran writer, poet and lyricist, conveyed the wishes to Mr. Govind Dholakia in the form of a splendid poem.

Covering the life long journey and achievements of Mr. Govind Dholakia, The Book “Nothing to Everything – A Divine Journey” was launched at the event by Industry’s prominent leaders.

Mr. Govind Dholakia in his speech to more than 1,500 attendees at the Night of ‘Celebrating the Legend’ acknowledged the contribution of 7,000 Associates across the globe that is the engine of SRK and contributed immensely towards reaching the 50-year milestone.

Addressing old partners - Mr. Bhagwanji Patel (Bhargovi) and Late Mr. Virji Godhani (Godhani Gems) -- he added,“without my brother like partners, reaching this astonishing milestone would not be possible.”

Mr. Navin Mehta and Mr. Shanti Mehta shared their experiences and relationships with Govind Dholakia’s, calling him “immensely modest, soft-spoken, very well mannered, unassuming and is true example of ‘simple living and high thinking’. Mr. Dholakia has a simplicity and humility which instantly endears him to all who come into contact with him. His social dialogues break conventional barriers and build bridges of new human relations in a pluralistic society.”

Talking about rich heritage of SRK, Mr. Shreyans Dholakia introduced the future generation and said ultimately the value of our wisdom of what matters to us rests in the hands of Coming Generation.

Talking about his father’s philosophy and believes that “a person is a worker if he work with head & Hand, but an artist if he works with Head, Hand & Hearts.” Today we as a current generation accept his philosophy with both hands, and would remember in head forever and also inculcate in coming generation and with all warm greetings from the heart we thank you all for being part of SRK Success.

Mr. Govind Dholakia’s milestones journey was marked by Next generation of the company presenting him with a Rolls Royce Phantom, as an expression of gratitude from descendents, which symbolizes his simplicity and status.

The Comprehensive report prepared by Indian institute of Management (IIM-A) on SRK Corporate Social Responsibility was presented to Mr. Govind Dholakia because of his expertise to solve some of the most pressing societal issues, to make social impact, to create model institutions and inspire others. The Study will constitute as a Part of IIM-A syllabus.

On the auspicious occasion, Mr. Govind Dholakia announced his plan to set-up SRK Knowledge Foundation as a tribute to Surat city. The Foundation will be the first and only of its kind in the world, imparting diamond education with tradition at its core.

Add a comment

Gemvision Design Symposium Reports Increased Attendance

Following the conclusion of their 8th Design Symposium, Gemvision reported an increase in attendee excitement and enthusiasm.

The symposium featured two full days of focused beginner, intermediate and advanced level training covering a range of topics including Matrix, CounterSketch Studio, Computer Aided Manufacturing (CAM) and Marketing. As an added bonus, the symposium attendees received a pre-release version of Matrix 8.

“This event is a great way for jewelers to connect with and learn from premier industry professionals and Gemvision experts,” says Gemvision founder, Jeff High. “We always learn something new about how customers are using our products to enhance their businesses. Essentially, they help shape the direction for our future endeavors.”

Gemvision also announced the winners of their annual Matrix Design Contest during the symposium’s awards dinner. This contest features the work of some of the best CAD designers worldwide. Categories included: Best Render, Overall Design, Technical Merit and Student. A CounterSketch Studio category was also added this year. Congratulations to the top winners:

  • Best In Show – Shinya Takahashi, Green Lake Jewelry Works
  • Best Render, 1st place – Ilah Cibis, Precious Metals Sudbury
  • Overall Design, 1st place – Brendan Theilman, Out of the Box Gold Store
  • Technical Merit, 1st place – Chris Ritchie, Chris Ritchie Creations
  • CounterSketch Studio, 1st place – Candice Todd, Warren Jewellers

“This contest emphasizes the very high-level skill set of so many talented jewelers worldwide,” continues High. “We had over 300 entries this year, so it’s always difficult to select the winners.”

To see more of the winners from the Gemvision Design Symposium, please visit www.gemvision.com.

Add a comment

Prime Jewelry Group Heads for Key Biscayne

The Prime Jewelry Group has selected The Ritz-Carlton Key Biscayne for the August 24-25 edition of its annual, invitation-only buying event.

Renowned for its relationship-building opportunities, the exclusive event brings a select group of high quality, independent jewelers from around the country together with the industry's leading manufacturers in a luxurious, relaxed setting ideal for previewing new designs and forging lasting business friendships.

"Solid business partnerships between vendors and retailers are more important than ever -and in today's time-strapped business climate, more challenging than ever to develop," explains John Preziose, president, Prime Jewelry Group.

"Designed to offer an 'experience' rather than a traditional trade show atmosphere, Prime offers a cultivated product selection that matches attending jewelers' needs, giving everyone time for extended appointments, quality face-to-face meetings and fabulous social networking events. And, the Ritz-Carlton Key Biscayne provides the perfect setting to bring it all together."

Nestled in Miami's Key Biscayne, the Ritz-Carlton is the only South Florida location to claim a spot on the coveted "Americas' Best Beaches" list. Between buying appointments and Prime events, attendees can enjoy all this luxurious beach resort has to offer, including a Mobil 4-star luxury spa and salon, outdoor heated beachfront swimming pools, the largest tennis center of any Ritz-Carlton, easy access to South Beach, downtown Miami, the airport and more.

"Prime is so relaxed," says Jacques Sollberger, Sollberger Watches, Clocks & Jewelry, Ridgeland MS. "It's almost like a vacation."

On the product front, attendees will have the chance to explore a well-rounded selection from Prime Group Members, including the best-selling, highest quality lines in the business. Unlike a traditional trade show set in an expansive exhibit hall, this well-edited selection brings together a streamlined, custom-tailored assortment of fresh designs in every key category.

Prime will kick off its 13th anniversary edition with a welcome cocktail reception on Saturday evening, August 23 at the Ritz-Carlton, where attendees can enjoy cocktails and hors d'oeuvres while watching a beautiful beach sunset. Daily continental breakfast, gourmet lunch buffet and afternoon break-out sessions, as well as other evening functions and events, offer additional opportunities to mix business with pleasure.

"This is my favorite show in the whole world," says Debra Smith Doetterl, Smith Jewelers, Houston TX. "I feel like a queen."

Only a select group of retailers are invited to participate in Prime. Invitation packages, based on levels of purchase commitments with vendors, include additional benefits ranging from complimentary round trip airfare and deluxe hotel accommodations to entrée to all evening functions and gourmet meals, to single day passes.

In addition, retailers can take advantage of the special Prime group rate to extend their stay either before or after the 2014 event. What's more, these retailers can also earn additional nights at the host hotel for the 2015 Prime event based on orders placed during the 2014 edition.

To learn more about Prime and to see if they qualify for an invitation, jewelers can visit www.primejewelrygroup.com, call 800.241.0399.

Add a comment

Chelsea Taylor Teams with Jewelry Television

Chelsea Taylor Jewelry is collaborating with Jewelry Television to launch a proprietary jewelry collection in June.

Chelsea Taylor and JTV will combine their expertise within the jewelry and fashion industry to deliver a unique, fashion-forward jewelry collection, which will be available through the broadcast network and on JTV.com.

The Chelsea Taylor collection will be featured as one of the retailer’s premier proprietary designer collections.

“We’re known for delivering one-of-kind, on-trend jewelry collections that consumers can’t get anywhere else,” said Jill Johnson, vp of marketing with JTV. “Our partnership with Chelsea Taylor is another exciting venture in our quest to deliver value and style to women who love jewelry.”

Chelsea Taylor Founder, Drew Shapiro, is a prolific jewelry designer known for his craftsmanship in sterling silver. With more than 20 years of experience, his designs are driven by a love of captivating colors and the use of crystals.

“I love to create beautiful pieces that are unusual and uplifting,” said Shapiro. “It’s very exciting to be able to deliver this collection to a whole new audience.”

“Since JTV is the largest retailers of colored gemstones in the world, Shapiro’s obsession with color is a good fit for our brand,” said Johnson.

For information, see jtv.com.

Add a comment

Ylang Ylang Moving to new Site in St. Louis

Ylang Ylang will be re-locating to a free-standing location in late spring 2014 after 29 years at Plaza Frontenac in St. Louis.

At the same time, owners Lois and Ray Morganstern have passed the store on to their daughter Julie Ettinger.

“Julie brings her enthusiasm, new ideas and a passion for jewelry,” say her parents. “Julie will be introducing new designers along with our exciting present designers with whom Julie has continued a long and beautiful relationship.”

Add a comment

Platinum Guild USA Partners with Monique Lhuillier

Platinum Guild International USA has announced a new partnership with premier bridal, fashion and jewelry designer Monique Lhuillier to support and promote everlasting platinum jewelry.

An icon in her industry, Monique is revered internationally for her exquisite bridal and ready-to-wear collections that capture the essence of sophisticated luxury by provoking femininity, allure and glamour. She has dressed such celebrities as Halle Berry, Reese Witherspoon, Drew Barrymore and first lady Michelle Obama.

Monique’s recent foray into jewelry began with a collection of platinum engagement rings and wedding bands sold exclusively at Blue Nile, the world’s largest online jeweler, and has since expanded into a full fine jewelry line. Her platinum engagement rings nod to the individuality of the millennial bride by offering four collections appealing to different styles: Romantic, Modern, Antiquity and Tradition.

Throughout the program, Monique will speak to the exceptional qualities of platinum and why it is her metal of choice for these special pieces via both social and traditional media.

“Our partnership with Monique Lhuillier is one of our most exciting initiatives to date,” says PGI-USA’s president Huw Daniel.

“Monique made a conscious decision to have her debut bridal jewelry line available exclusively in platinum. She has a natural affinity with platinum for its premium look, feel and durability, and her presence in the bridal space naturally complements platinum's leadership role.”

"I am very excited about the PGI partnership,” says Monique. “It truly is the most natural fit as I feel strongly that every wedding ring I design is made with premium quality platinum. I encourage my brides to invest in platinum; its long-lasting, natural white beauty and durability make it the most precious of metals as well as an eternal symbol of an enduring relationship."

To learn more about Monique Lhuillier Fine Jewelry, please visit www.moniquelhuillier.com.

Add a comment

CG Celebrates Wind & Fire Brand

CG Creations hosted a gala event to celebrate the first anniversary of its Eco-sustainable Wind & Fire Jewelry brand at The Rosecliff Mansion in Newport RI. Over 250 guests included 200 independent dealers, special guests and their Rhode Island-based manufacturing team.

CEO Frank Fiasconaro began his jewelry company over 35 years ago in the back of a small shop in Pearl River NY, under the name C.G. Creations.

It has grown to become a major US designer, manufacturer and wholesale distributor of fine jewelry. The Wind & Fire jewelry brand was launched in March of 2013. The personalized jewelry brand allows consumers to define and express their own personalities with hundreds of unique charms.

Wind & Fire jewelry is 100 percent made in the USA using reclaimed/recycled materials, and supports charities for children with disabilities, thus making it an eco-sustainable line.

"We have been a high-quality gold charm manufacturer for over 35 years. What makes our Wind & Fire jewelry brand different from any other charm line on the market is the fact they we use fine jewelry designs and techniques. The quality and detail is stronger and the price point is lower. We wanted to hold our first-ever gala event in Rhode Island, where our jewelry manufacturing roots are strong," said Fiasconaro.

Fiasconaro and his wife Nina also presented Meeting Street with a donation for $7,500. They also dedicated a Teacher's Charm to the organization that will receive a percentage of the charm's future sales. The couple draws inspiration for their charitable activism from their 16-year old son Nicholas with cerebral palsy.

Explained Fiasconaro, "Being so closely tied to the special needs community has provided us with many life lessons. We believe all children and adults with disabilities have something special to contribute and we want to play a part in helping them realize their value to us all."

Meeting Street (www.meetingstreet.org) is a nearly 70-year old non-profit organization in Providence RI whose mission is to compassionately and innovatively empowering children and their families to thrive by fostering the development of the whole child. Meeting Street is where infants, preschoolers and children of all ages and abilities receive individualized attention from highly trained, dedicated educators, therapists, and staff who work as a team, sharing strategies and identifying solutions to bring out the best in each and every child.

Ashley DiSimone, Manager of Special Events at Meeting Street accepted the check on behalf of Meeting Street and said, "Thank you so much to everyone at Wind & Fire. Nina and Frank are two of the most genuine and generous people that I've had the pleasure to work with. We are so grateful for your contribution.”

Wind & Fire takes a pro-active approach to supporting worthwhile causes, and top-most are those that benefit children in need. Because of that, Wind & Fire Jewelry frequently focuses on non-profit groups that help children with disabilities and benefit the communities they live through their "Charms for Charity Bangles." A portion of the proceeds from the bangles will go directly to these causes.

Add a comment

The IDEX Online Polished Price Report for April 10

Round diamonds again saw high levels of activity with many increases, particularly in smaller goods, according to the weekly IDEX Online Price Report.

 

In fancy shape diamonds, there were again lower levels of activity with most being negative.

 

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

 

Rounds

 

  • 0.18-0.22 cts many decreases

  • 0.23-0.29 cts I-K / SI1 rises of 4-5%

  • 0.30-0.39 cts many increases in higher colors and clarities

  • 0.40-0.44 cts rises in many categories

  • 0.45-0.49 cts D-E / VS2-I1 rises of 2-3%

  • 0.50-0.69 cts many increases

  • 0.70-0.79 cts E / VVS1 +3.2% to $6,500p/c

  • 0.80-0.89 cts unchanged

  • 0.90-0.99 cts I / IF +3.2% to $6,400p/c

  • 1.00-1.24 cts many risers

  • 1.25-1.49 cts two increases

  • 2 cts several risers

  • 3 cts I-J / SI1 rises of 3%

  • 4 cts G-I / IF declines of 3%

  • 5 cts a wide range of declines

 



 

Fancy Cuts

 

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts E / VS1 -3.3% to $1,450p/c

  • 0.30-0.39 cts E / SI2 +3.7 to $1,400p/c

  • 0.40-0.44 cts E / VVS2-VS1 rises of 2-4%

  • 0.45-0.49 cts just two changes, both upwards

  • 0.50-0.69 cts two changes, both downwards

  • 0.70-0.79 cts I / I1-I2 declines of 2-4%

  • 0.80-0.89 cts just two changes, both downwards

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts several declines

  • 1.50-1.99 cts I / I2 +5.6 to $1,900p/c

  • 2 cts just two changes, one up and one down

  • 3 cts L-M / IF-VVS1 rises of 3-4%

  • 4 cts D / VS2-SI2 rises of 3%

  • 5 cts L / IF-SI1 + 2.9% to $6,800p/c

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

Edahn Golan is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Edahn has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

Add a comment

Prestige Collection Plans Overhaul of Brand Format for JCK

Prestige, a collection of 60 of the jewelry industry’s leading manufacturers and designers, has embarked on an ambitious plan to overhaul its entire brand format – from its digital presence to the famed Prestige Pavilion, which is a 15 year institution at JCK.

“We realized after 15 years with the same look it was time for more than a re-fresh – we had to radically re-do our look,” said Prestige President Steve Mazza.

“Our marketplace is changing and we wanted to reflect that. We also wanted to be more true to our high-end heritage. The look is cleaner, brighter, more luxurious and more streamlined. We’re excited to introduce it to our community next month.”

Retailer attendees to the Pavilion will see booths that are more aligned with the current retail environment. Gone are the heavy, closed booths from previous editions; they are replaced with more open, lighter fabric based booths. Showcases are now lit from within and the booth lighting has been upgraded with high intensity LED lights.

Branding elements are done in materials as diverse as brushed aluminum and wood, allowing the Pavilion to feel both modern as well as inviting and warm. Just as importantly, this new look gives retailers a truer read as to how Prestige brands present in a retail environment

Beginning shortly after JCK 2013, Prestige moved quickly to change “Prestige Promenade” to just Prestige and updated the graphic to a more contemporary font. As board member and A. Link President Doug Sills notes, “changing the font and removing the ‘swirly P’ was consistent with what we were trying to accomplish from a brand architecture standpoint – simple, clean, elegant and concise.

It also allowed us to change our website from ‘Prestige Promenade’ to a stronger action oriented statement – ‘Discover Prestige’ (www.DiscoverPrestige.com).” The refreshed website also now has a greater focus on the brands and their signature pieces.

Working closely with their long-time exhibit partner, Prestige then moved on to re-creating the pavilion experience. Key to the effort was the ability for Prestige to deliver changes to the Pavilion without charging members a special assessment. Using more current, lighter materials combined with re-thinking how the pavilion is built, shipped and stored, allowed Prestige to bring an entirely new look to membership without additional cost to them.

“As an association, our responsibility is to our members,” said Steve Mazza. “The Board is extremely pleased that we are able to provide our members with a much more exciting ‘go-to-market’ approach without having to ask them for additional funding.” Board member and President of Memoire Doug McDowell enthuses, “having seen the new booths, I can tell you that they’re beautiful – the wood grain on the showcases, the larger graphics, the upgraded lighting - all that will really help our brands have a great show!”

Prestige reworked the floor plan for better traffic flow and introduced “neighborhoods” anchored by food and beverage areas to better balance the traffic flow.

Also new this year is the introduction of the Design Studio – a suite of custom booths built for smaller, newer brands looking for an entrée into the Prestige Retailers but who may not have the inventory and resources for a full Prestige booth. This allows Prestige to expand its community as well as increase its offerings to the retailers.

And of course, Prestige continues to offer its “white glove” service to attendees, with ample amenities available in the Pavilion as well as hosting their Friday Night Party and a special Prestige cabana at this year’s Rock the Beach event.

To ensure as many retailers as possible experience this new space, Prestige worked closely with JCK show management and removed one of the walls that had previously defined the Prestige area. Through the use of carpet and graphics, the Prestige Pavilion is still clearly defined, but the overall affect will be an area that is much more approachable and accessible to the retailer community.

Add a comment

JA Accepting Applications from Jewelry Design “Rising Stars”

Applications are now being accepted for the coveted New Designer Gallery at the upcoming JA New York Show, which will take place July 27th through the 29th at the Jacob Javits Center.

“The JA New York show is committed to uncovering talent in the design community and providing our retailers with access to these rising stars,” notes Drew Lawsky, show director for the JA New York Shows. “By underwriting the price of the exhibition space, as well as providing various promotional opportunities, The New Designer Gallery will support these emerging designers’ entrée into our industry.”

Since its inception in 1977, when the jewelry designer movement was in its infancy, the New Designer Gallery has been lauded as the “birthplace of the American designer movement.” The Gallery has launched hundreds of designers over the past 37 years, starting with David Yurman and including well-known talents like Alex Sepkus, Steven Kretchmer, Penny Preville, Paul Morelli, Steven Lagos, Stephen Dweck, Mark Schneider, and K. Brunini.

The New Designer Gallery is eligible to all designers who have not yet exhibited at a fine jewelry trade show. The ten chosen applicants, who will be selected from a wide pool of designers, will receive a turnkey space in the custom-designed gallery, which has recently undergone a dramatic redesign. During the show, one designer will be voted “New Designer of the Year” by an anonymous panel of editors, retailers and industry experts.

The ten designers will be promoted to the media via the shows’ public relations team and will be featured in all show promotional vehicles, on the show’s website and on NationalJeweler.com.

Add a comment

GIA Show Highlights Iconic Gemstone Photos

In an exhibit that captures the intrinsic beauty and rarity of gems, Gemological Institute of America brings to life the jewelry, gems, minerals and sculptures featured in the award-winning scientific journal “Gems & Gemology.”

“The Beauty of Science: Gems and Gemology Celebrates 80 Years, Featuring the Artistry of Harold & Erica Van Pelt,” which debuts on May 19 and runs through December in Carlsbad CA, offers visitors a unique opportunity to see stunning pieces of historic and gemological significance side-by-side with their iconic photos.

“The Van Pelts’ photos for G&G captured the synergy between the science and beauty of gems, and were truly instrumental in drawing readers into the journal. From 1981 to 2009, their work graced the covers of 93 issues, as well as many inside pages,” said Terri Ottaway, curator of the GIA Museum. “The beautiful gems and jewelry in this exhibit give context to the exquisite photos created by Harold & Erica Van Pelt.”

The exhibit features 15 cases and more than 20 pieces.

“Gems & Gemology,” GIA’s quarterly research journal, celebrates its 80th anniversary in 2014. Harold and Erica Van Pelt, pioneers of gem photography, played a major role in the evolution of the journal for more than 25 years with stunning photos that complemented the groundbreaking gemological research.

“In our work with G&G, we were able to photograph some of the finest, most valuable, and most unusual gems, minerals, and jewelry in the world. It was both a challenge and a privilege,” said Erica Van Pelt. “We are delighted to be part of this exhibit honoring G&G’s 80th anniversary.”

Pieces exhibited are on loan from various organizations and individuals, including the Smithsonian Institution; Harold & Erica Van Pelt; The Collector; Pala International; and private collectors. “The Beauty of Science: Gems and Gemology Celebrates 80 Years, Featuring the Artistry of Harold & Erica Van Pelt” will be on display from May 19 through Dec.2014. For more details, visit www.gia.edu.

Add a comment

Alrosa signs MoU with GJEPC to Boost Russia-India Trade Ties

MOSCOW — India, the world’s largest diamond-processing nation and Russia, the world’s largest rough diamond producer, have taken a significant step towards greater direct diamond trade between the two countries. India’s Gem & Jewellery Export Promotion Council (GJEPC) and state-owned Russian diamond mining firm Alrosa signed a memorandum of understanding to share trade and statistical data on the diamond trade between the two countries.

The MoU, inked by GJEPC chairman Vipul Shah and Alrosa president Fyodor Andreev, is more evidence of warming trade relations between the two countries.

Russia produced 34.9 million carats of rough diamonds in 2012.India imported 163.11 million carats of rough worth $16.34 billion and exported 36.46 million carats of polished diamonds worth $20.23 billion during the calendar year 2013. Total Indian provisional exports of gems and jewelry during calendar year 2013 stood at $36.04 billion.

ALROSA and GJEPC agreed to exchange information pertaining to the development of the co-operation between Indian and Russian diamond sectors, including overviews of the diamond market situation, the Indian and Russian trade figures, information on Indian diamond market research.

Speaking at the event, Mr. Vipul Shah said: “India has long sought long-term contracts between Alrosa and the Indian cutting and polishing industry. With this association, both trade bodies look forward to cooperation and exchange information in the framework of implementation of Kimberley Process Certification Scheme and jointly seek to maintain separate sales of natural and synthetic diamonds and diamond jewelry. This is just the beginning and we look forward to strengthened trade relations between India and Russia.”

Last February, Indian Commerce Minister Anand Sharma brought up the subject with visiting Russian Deputy Prime Minister Dmitry Rogozin. Sharma suggested that the state-owned Minerals & Metals Trading Corporation (MMTC) be made a nodal Indian agency with a long-term contract with Alrosa.

An Alrosa study team visiting India recently stated that that most of the rough diamonds produced in Russia are cut and polished in India. However, direct imports of rough diamonds from Russia to India are modest, with the fiscal 2013 figure standing at some $767 million.

Fyodor Andreev, the president of Alrosa said, “India is one of the major participants of the world diamond market. The amount of Alrosa rough diamonds sales to Indian companies has been steadily growing for the last 5 years and resulted into $700 million of sales in 2013. Customers from India successfully work with ALROSA on the basis of competitive bidding and long-term contracts. The partnership between ALROSA and GJEPC will improve our cooperation with Indian diamond market.”

Alrosa accounts for close on 25 percent of the world output, while the Indian diamond processing industry accounts for some 60 percent by value of global polished diamond output. An estimated 14 out of 15 polished diamonds studded in jewelry globally are cut and polished in India. An Indian think tank recently stated that more direct supplies of rough diamonds to India could easily boost the current figure to between $4 and $5 billion.

The Indian diamond industry has long said that the indirect routing of rough diamonds into India simply adds to cost and increases the complexity of sourcing steady raw material supplies. Direct imports would bring benefits to both Alrosa as well as the Indian cutting industry, Indian diamond dealers say.

Streamlining overall trade procedures could also see increased Indian exports of polished diamonds to Russia. Indian dealers already have a significant presence at the Moscow Diamond Bourse and relations between the diamond dealing communities of both nations are warm and close. Russian buyers have been a steady presence in India and particularly at the India International Jewellery Show (IIJS), one of the four largest gem and jewelry trade shows in the world.

Procedural matters are all that stand between the two countries and sharply increased trade in polished diamonds between the two countries. The engagement between the commerce ministries of both nations in sorting out these procedural matters has diamond industry watchers hopeful of a major increase in trade in coming years.

Add a comment

Johnson and Walsh Join Edge Academy Team

The Edge Retail Academy has added renowned jewelry industry specialists Larry Johnson and Grant Walsh to its mentoring team.

Owners of their own respected consulting firms, Johnson and Walsh will add to the Academy’s already robust expertise in the areas of merchandise display and succession planning, making its mentoring program one of the most valuable and in-depth in the industry.

Larry Johnson is the founder of Larry Johnson Consulting Services. He has been helping small and large jewelry retailers sell more of the items they want to sell for over 25 years. Quite literally, he wrote the book on it: “The Complete Guide to Effective Jewelry Display.”

He has presented seminars on the subject at JCK and other industry tradeshows, and been a featured columnist in INSTORE and Canadian Jeweller.

As a business mentor for the Edge Retail Academy, Johnson will provide a case-by-case analysis of a jeweler’s displays, offering specific strategies that will sell more merchandise – at better margins.

“We serve as a kind of General Contractor,” Johnson explains. “We know what works and what does not. If you need new displays, we will help you decide what will be most effective for you, and – because we know the market – can suggest the best vendor to address your needs. In most cases, we can even help secure a discounted price.”

Grant Walsh is the founder of Walsh Family Business Advisory Services and director and founder of KPMG Enterprise Centre for Family Business in Ottawa, Canada. He frequently writes articles on family business, and has authored publications on the challenges of multi-generational succession.

A proven expert in management and ownership succession for over 17 years, he helps family-owned jewelry retailers develop plans that improve the economic growth of their business and promote family harmony.

As Walsh explains, “My role on The Edge Retail Academy team will be to help families assess their readiness for transition, identify options for management and ownership, develop a wealth planning program, and implement “Codes of Conduct” to prevent potential conflict and ensure a successful transition to future generations.”

David Brown, founder of The Edge Retail Academy, states, “We are always searching for partners to help enhance our mentoring services for Academy members. Larry Johnson and Grant Walsh bring a wealth of experience to the table that will make The Edge Retail Academy more valuable to retail jewelers than ever before.”

For more information, see edgeretailacademy.com.

Add a comment

Leroy Kisling Wins "ArtCarved in Rome" Contest

Frederick Goldman, Inc. and ArtCarved have announced the Sales Associate grand prize winner of the “ArtCarved in Rome” national promotion’s second entry period.

Retail Sales Associate, Leroy Kisling, of Rogers Jewelry Co. in Reno NV, was announced as the grand prize winner of the national sales incentive program, and chose to receive a cash prize of $4,500 in lieu of a trip for two to Rome.

Kisling has been selling ArtCarved rings at Rogers Jewelry Co. for almost 25 years. Kisling is passionate about selling ArtCarved, particularly because they consistently update their collection to speak to current trends, yet always continue to offer their classics and bestsellers.

“For 25 years, I have seen people fall in love with the classic, yet modern designs that ArtCarved offers,” says Kisling. He also noted his first wedding band was by ArtCarved. Kisling opted for the cash prize and will be using the money for an all-­‐inclusive trip to the Caribbean this summer.

Retail sales associates at ArtCarved authorized dealers across the U.S. were automatically entered into the contest with each sale and warranty activated on rings from the ArtCarved collection.

Each warranty activated during the given entry period resulted in one entry into the “ArtCarved in Rome” prize drawing and sales incentive contest. The grand prize winner was ultimately selected via a random drawing under the supervision of an independent judging organization.

Add a comment

Diamond Profile Offers New Software for Jewelers

Diamond Profile LLC, a software development company based in southwestern Ohio, has announced the recent release of Client Book CRM 2.0, a Customer Relationship Management and clienteling software solution for Jewelry and High-End Retail, along a new mobile app for iPad to enable their customers to have easy access to the software via iPad.

Client Book CRM provides tools to high-end retail professionals that allow them to organize and manage information along with use that information productively. Client Book CRM 2.0 adds additional tools and reporting along with a more simplified interface to the CRM solution.

“This latest release marks an important milestone in our vision of providing an affordable digital client book and customer relationship management software solution to high-end retailers and revolutionize the way high-end retailer clientele,” said Jacob Ralph, Diamond Profile LLC’s Co-Founder.

“This latest release has enabled us to provide that solution to retailers around the world with greater simplicity and effectiveness.”

Primarily Jewelry professionals use the CRM but the company plans to expand their customer base in other high-end retail industries.

"Client Book CRM plays a vital role in my profession,” said Shawn Rummel, Retail Sales Manager and Hearts On Fire Diamond Brand Ambassador at Meyers Jewelers.

“Selling Jewelry is a passion of mine. I love to build relationships with my customers and see them for all their big events. Client Book CRM enables me to keep up with my customers and those important events. I am able to keep my customer information organized and use it productively."

The company plans to release the app for iPhone and Android devices in the near future as an effort to expand their cross-platform reach and provide a flexible solution to their users.

For more information, please visit ClientBookCRM.com.

Add a comment

JBT Service Provides Monthly Credit Profile

Developed with the independent retail jeweler in mind, JBT RatingWatch delivers a monthly snapshot of your JBT credit profile, so you can stay on top of your credit rating and other key business data on file with JBT.

JBT actively tracks and communicates with over 20,000 North American retail firms.

Over the years, many of these companies, especially those who are conscientious about their credit data, and also JBT members providing products and services to these companies, have asked JBT to offer a service that makes it easier to self-monitor credit ratings and communicate updated information to include in a company’s JBT credit file.

Subscriptions offer a way to regularly monitor your rating and key data to aid in keeping your JBT report current and complete; and gain ready access to your JBT ID#, and JBT Representative to easily update info including your current supplier list, an important element of the credit rating process.

Subscriptions also give your business partners an accurate picture of your creditworthiness, and lets you know how often the trade is ordering your report.

With a subscription, you can easily pre-qualify for many trade shows nationwide that trust JBT as their preferred service.

Each Monthly Report Includes:

  • JBT ID #, JBT Credit Rating, Rating Last Updated, Credit Report Last Updated, # of Reports Ordered in Last 12 months, and more.
  • Each report includes an interactive form enabling you to provide additional information and/or update current data on file.
  • A full year is only $199. That’s less than $17 a month. And you may qualify for a year one 20 percent partner discount.

To get started, contact JBTRatingWatch@jewelersboard.com.

Add a comment

Breitling Supports Autism Awareness

In support of April being “Autism Awareness Month,” Swiss watchmaker Breitling is donating 20 percent of proceeds from the sale of any timepiece with a blue dial at their flagship New York Boutique for the entire month of April to the Els for Autism Foundation.

“Breitling has supported Ernie Els and his Els for Autism Foundation for over two years and we are excited to be able to continue in 2014. We hope that by donating a percentage of our proceeds that we will be able to help build awareness around Autism in the U.S. and support the Els for Autism Foundation” said Thierry Prissert, Breitling USA President.

The Els for Autism Foundation was established in 2009 by Ernie and Liezl Els to focus on the issue of autism. The disorder, which affects 1 in 68 children in the U.S. has long been associated with the color blue since Autism is 4.5 times more common among boys (1 in 42) than among girls.

The Els for Autism Foundation was established to help young individuals and families on the autism spectrum and to create the Els Center of Excellence, which will make available the very best practices in education and therapy with a global reach.

In 2013, Breitling produced a special Limited Edition 88-piece Els for Autism watch based on the Breitling Chronomat timepiece, with proceeds from the watches being donated to the Els for Autism Foundation. Additionally, Breitling has been a sponsor and active participant in the Els for Autism Golf Challenge, the largest charity-driven international golf tournament in History for the past two years.

“Autism affects an estimated two million people in the United States,” said Els, who started the Els for Autism Foundation after his son was diagnosed with the developmental disability in 2009. “We need to work together to help everyone touched by this disorder, and I’m pleased to say, as a Breitling enthusiast, that Breitling is dedicated to making a difference. This pledge of support for the month of April will certainly help to spread awareness about Autism in the U.S.”

Els is one of the most prolific golfers of his generation, winning four Major Championships, two World Golf Championships and a record seven World Matchplay titles. He was inducted into the World Golf Hall of Fame in 2011 and the South African Golf Hall of Fame in 2009.

Add a comment

Danhov Adds to Sales Force

Danhov has hired two new sales team members. They will report to National Sales Director Shant Hovsepian.

Debra Tilden King has joined Danhov as Regional Account Manager. King is a jewelry industry veteran who brings exceptional customer service skills and a great depth of knowledge to her new position at Danhov. Her sales territory will be the Southeast region and parts of the Northeast.

Evie Warshawsky has been added to the sales team as a Regional Account Manager. Warshawsky has fashion and jewelry sales experience that will aid her in bringing a high level of service to new and existing accounts in the Midwest region, along with New York, New Jersey, Connecticut and Pennsylvania in the Northeast.

Danhov is an award-winning, luxury designer of unique and handcrafted engagement rings, wedding bands and fine jewelry. Celebrating 30 years in business, Danhov is known in the luxury jewelry category for its innovative design philosophy.

Each ring created by Danhov is either handmade or hand-assembled, one ring at a time, by the most skilled jewelers in its Los Angeles, California-based offices. This further exemplifies the precision and individuality for which Danhov is known.

To experience the collections of Danhov, visit www.danhov.com.

Add a comment

Persona Announces Autism Speaks Contest Winners

This past November, First Jewelry brand, Persona, and Autism Speaks, the world’s leading autism science and advocacy organization, partnered on a bead design contest to find new design ideas for the Persona Autism Speaks collection.

Persona first introduced a collection of three Autism Speaks beads in the fall of 2012 in partnership with Zale Corporation. Together, Zale Corporation and Persona contribute $10 from the sale of each special collection bead to Autism Speaks.

With the success of the first collection, the online bead design contest was launched to include the Autism Speaks community in the design process. The contest was promoted on the Autism Speaks Facebook page and on the website.

Many unique and inspiring designs were received, of which 35 were selected and evaluated by a panel of judges from Autism Speaks and the Persona product development team. The judging panel selected five designs that were featured online and voted on by the public.

The votes resulted in an Autism Speaks puzzle heart dangle as the winning design from Beverly Muzzy of Claremore OK, and runner up, Daniel Matta from Orlando FL, who designed a turtle with Autism Speaks puzzle print. Both designs were inspired by their loved ones with autism and reflect their personal connection.

The new collection pieces will be added to the existing Persona Autism Speaks collection and sold at participating Zale retailers across North America.

Beads in the special collection are priced from $35-$50. Together, Zale Corporation and Persona will continue to contribute $10 from the sale of each of the special collection beads to benefit Autism Speaks’ work, both locally and nationally, to increase awareness about autism, fund innovative autism research and family services, and advocate for the needs of individuals with autism and their families.

Add a comment

Vanna K Releases New Line of Canary Yellow Diamond Rings

Vanna K has announced the Soleamore (Italian for “Love of the Sun”) collection of engagement rings featuring unique canary yellow diamonds, united with white accent diamonds with impeccable artistry.

These beautiful new rings feature rare cushion-cut yellow diamonds that light up like fire and sparkle as pure as the sunlight. Each of the rings comes in a unique configuration, bringing together the beautiful accent diamonds and the canary diamond in breathtaking, sophisticated fashion.

The rings seen here demonstrate beautiful features such as tapered diamond baguettes and crown double halos with milgrained frames of beadset diamonds. Each is intricately crafted with perfect proportions. Vanna K's signature marriage of stunning jewels and extraordinary craftsmanship is exquisitely on display.

Something to be cherished by future generations, these blazing beauties will consistently garner compliments on all those who wear them. Made with the chic bride in mind; one who encompasses both elegant refined vintage style, and a bold attraction to uncommon fashion, these rings hold a promise of a bright future.

If you are one of these women, someone who desires to be fashionable and unique, check out Vanna K's Soleamore yellow diamond engagement rings today. And carry a little sunshine with you everywhere you go.

Soleamore will be introduced at this year's American Gem Society's annual Conclave & Jewelry Fashion Show. The 2014 show will be held in San Diego at the historic Hotel del Coronado April 23rd-26th. This is where American Gem Society Retailers will get the exclusive first look at this amazing collection.

For those of you attending the event, please visit us and see this amazing collection in person. For everyone else, you can find the Soleamore® collection and other unique diamond engagement rings today at http://www.vannak.com.

Add a comment

LEGO Watches Debut at Baselworld

ClicTime Holdings Ltd. has announced the global launch of LEGO Watch System -- a first-ever collection of buildable LEGO timepieces for adult men and women -- at Baselworld 2014.

The UK based company is introducing the collection to the global market after a soft launch in the U.S. this past December.

As the exclusive global licensee for LEGO watches and clocks for the past 13 years, ClicTime set out to honor the playful, creative essence of the iconic LEGO brand while developing a stylish and casual timepiece for adults. The LEGO Watch System collection allows wearers to build unique, personalized watches using the innovative, interchangeable link, strap and bezel system. Featuring iconic LEGO dial artwork and offered in official brand colors, the watches are available in both analogue and digital styles including LEGO Brick, LEGO Happiness, LEGO Skull, LEGO Fan Club and other titles.

All LEGO Watch System styles feature a scratch resistant mineral crystal lens, are water resistant to either 50m or 100m and are crafted using a combination of plastic and polished stainless steel features. Price points begin at $85 and go up to $175.

Beginning in April 2014, LEGO Watch System Adult Watches will be available in an expanded number of better department, specialty and jewelry stores throughout North America, and select markets in Europe and Asia.

For more information and to view the entire collection, visit www.legowatches.com.

Add a comment

JVC Hosts Webinar on Gold and Tungsten

The Jewelers Vigilance Committee will present “Supply Chain Assurance for Gold and Tungsten,” a free 45-minute webinar that explains the Dodd-Frank Act, and the steps suppliers must take to assure customers that minerals are conflict free. Suzan Flamm, JVC’s Senior Counsel, will be the webinar presenter.

The webinar will take place on April 7, 2-2:45 p.m.

The webinar will cover the fundamentals of Dodd-Frank’s conflict minerals provisions, its impact on the jewelry industry, and the steps necessary to implement a supply chain assurance program. The webinar will also describe the resources available to help with the challenges presented by Dodd-Frank, including JVC’s Supply Chain Assurance Kit.

To register, see www.jvclegal.org.

Add a comment

Barbara Laird Back at JudeFrancis

JudeFrancis Jewelry is welcoming back Barbara Laird in her new role as president of the company.

Barbara will oversee all aspects of sales and product development and as president Barbara will play an essential role in the strategic direction and expansion of the JudeFrances brand.

“It’s thrilling to be back and working with such amazing and talented people. JudeFrances is where I grew my career and it is exciting to be back with a fresh perspective in this new role” says Laird.

With over 16 years of experience in the jewelry industry, Barbara most recently served as Vice President of Sales at Slane. Previously she held roles at Armenta and Robert Lee Morris as well as a six year tenure as Vice President of Sales for JudeFrances. The three years she has been away from JudeFrances has brought Barbara a wealth of knowledge, experience, and insight into the designer jewelry industry.

Founder Jude Steele states, “I couldn’t be more excited to have Barb back at JudeFrances. She was our first sales person and was instrumental in building the brand. We have missed Barb and know her experience and vision will take JudeFrances to the next level.”

For more information, see www.judefrances.com.

Add a comment

Jewelers Mutual Says 40 Percent of Engagement Rings Are Uninsured

A recent survey from Jewelers Mutual Insurance Company found that approximately 40 percent of U.S. households that own an engagement ring do not have insurance to protect it. Of those, one-third of the households - largely younger - consider their engagement ring one of the most expensive items they own among other investments such as their home or vehicle.

"It's taking a big leap of faith," said Don Elliott, director of claims at Jewelers Mutual, of couples who do not insure their fine jewelry. "Unlike the house or car, the engagement ring is one of the smallest, most-likely household assets to become lost. It's important for us to educate consumers early on, as they start building their jewelry collection, that they can and should insure special pieces that have both financial and sentimental value."

According to Elliott, mysterious disappearance, or unexplained loss, is the most common reason for personal claims filed with Jewelers Mutual. Many jewelry owners find out too late that this is also a type of coverage not always covered by standard homeowners or renters insurance.

"People often don't think about whether they have the right insurance until it's too late," added Kelley Green, director of personal lines. "Whether a couple is getting engaged or has been married for 5, 10, 20 years, it's important for them to evaluate their options and feel confident that if their jewelry becomes lost, they won't have to re-invest to have it replaced."

Jewelers Mutual's Perfect Circle® Jewelry Insurance provides coverage that can go beyond standard homeowners insurance to protect against loss, theft, damage and even mysterious disappearance, with no limits on the coverage value. Learn more about the benefits of having customers insured with a policy from Jewelers Mutual at JewelersMutual.com.

Add a comment

GJEPC Hosts India Pavilion at Baselworld

India presents another showcase of its finest in gems and jewelry at Baselworld 2014.

In its 15th appearance at Baselworld 2014, India Pavilion boasts 23 Indian Export Houses catering to the European market.

With over 150,000 visitors/buyers from across the globe expected to attend, 23 top Indian manufacturers will participate in the most coveted luxury show in the world and share space with globally renowned luxury brands.

Spread across 300 sq. meters, India Pavilion will be seen at this virtual town with multi-storey buildings at this exclusive B2B trade event and the list from India includes some of the eminent gem and jewelry players in the industry, including Livingstones, Ratnakala Exports Thumar Gems, Uni Design Jewellery Pvt. Ltd, Gemporium, Diasqua India Pvt. Ltd, Arihant Star, among others.

With its India Pavilion, GJEPC is expected to open doors for the Indian gem and jewelry manufacturers. An added attraction this year is the India Palace, which will showcase the most exquisite and coveted jewelry by Indian participants.

Vipul Shah, Chairman, GJEPC says: “It is indeed a matter of great pride for the Indian contingent which has now had a long association with the event, to be a significant part of the show, where only the finest and brands of tremendous international repute participate.

“GJEPC has been invited to once again host the ‘India Pavilion’ which is one of the most prestigious locations at the Baselworld and a definitive indication of India’s increasing significance as an important manufacturing hub.”

The India Pavilion at Baselworld this year focuses on providing buyers complete product offerings, with exhibitors comprising of leading exporters and manufacturers of loose diamonds, gemstones and jewelry. With the focus on greater and better quality, the exhibitors will be presenting the best of their collections that are at par or leading in terms of international standards for gems and jewelry.

Basel World is one of the most important export markets for India. With jewelers participating from all over India, this event offers one the most ideal networking platforms for India to interact with key players across the globe. It provides an ideal opportunity to experience world’s best brands in a single location.

List of Exhibitors under India Pavilion at Baselworld 2014:

For more information, see www.gjepc.org.

Add a comment

Designer Demeglio Introduces Ceramic and Diamond Collections

Roberto Demeglio, world leader in ceramic jewelry design and innovation, announces the US launch of two bold new collections, Pura and Diva.

A prominent third-generation Italian jeweler and artisan, Demeglio launched his brand in the US market two years ago, becoming an industry sensation with over 100 luxury stores carrying the line.

Internationally recognized for his Domino collection, which is inspired by the rectangular lines of a beloved Domino’s game, over 6,000 pieces of the collection have sold since launching.

The designer’s love for black and white design, as well as his intuition for creating desirable statement pieces, catapulted Domino into major trade and consumer press. His new Pura and Diva collections capture the boldness of Domino and refine it, with more complex and intricate lines captured within each piece. Adopting the visage of a diamond in both collections, Diva combines diamond-shaped black and white ceramic tiles, accented by natural and color enhanced diamonds. Using thinner, lighter ceramic, Demeglio appeals to the customer who wants a statement look, without the weight. The stackable bangles from Pura are ideal from day-to-night, reflecting sophistication from office to eveningwear, while providing the flexibility for mixing and matching.

The Diva collection is the latest in Robert Demeglio signature jewelry. Diamond-shaped statement cuffs, earrings and pendants demand attention from across any room, with stunning accents sparkling with diamond melee. Alternating black and white from ceramic to diamonds, Diva is perfect for the woman who turns heads wherever she goes, confident in her geometric prowess.

Amit Sofer, President of Roberto Demeglio USA says, “Ceramic is the new luxury for jewelry. We are excited to launch Pura and Diva, which beautifully combine diamonds and ceramic in a way that offers an endless array of styles for an eternally classic concept.”

Alongside his signature ceramic collections, Roberto Demeglio has a fine jewelry line, where he primarily works in diamonds and gold, offering a diverse selection of ring, bracelet and pendant styles. For more information, or to see the full collections online, visit RobertoDemeglioUSA.com.

Add a comment

Suncrest Offers Radiant Orchid Diamonds

Suncrest Diamonds, creator of the first and only collection of beautiful pink, yellow and green natural diamonds that have been HPHT processed, has announced a new line of radiant orchid diamonds and diamond jewelry at affordable prices for retailers nationwide.

“Since 1959, our family-owned business has focused on catering to each customer’s individuality,” said Deb Borgemoen, Wickersham Jewelry, with locations in Rothschild, Rhinelander, and Marshfield WI. “Our customers are much more aware of industry styles and trends than ever before. With radiant orchid pink diamonds from Suncrest Diamonds, we can now offer our customers something they’ve rarely seen before—in a wide range of beautiful pink colors.”

Suncrest carefully selects diamonds that have been mined from the earth. These diamonds are then heated under high pressures (up to 1 million pounds/sq.in.) to bring out each stone’s stunning color and natural beauty. The HPHT process replicates the natural process of heat and pressure that occurs in the earth when diamonds are initially formed.

“Pantone’s announcement, highlighting radiant orchid as the color of the year in 2014, was music to our ears,” said Sonny Pope, general manager of Suncrest Diamonds. “Beautiful pink HPHT diamond jewelry has always been our specialty. With improvements to our process, we’ve been able to identify and enhance unique and rare diamonds in stunning shades of orchid.”

Following the HPHT process, an additional treatment that combines irradiation and annealing is applied to Suncrest pink and orchid diamonds to ensure that their brilliant color is fully saturated throughout the stone. This treatment ensures that the brilliant pink or orchid color within the diamond will never fade or diminish over time. Pink and orchid Suncrest diamonds (.75 and larger) can include certification designating that the diamond has been Suncrest Pink Processed.

Suncrest Diamonds is offering special pricing for retailers who want to add this new line of radiant orchid diamonds and diamond jewelry to in-store displays. Sizes are available up to 3 carats. Suncrest will be showcasing its radiant orchid diamonds at The Smart Jewelry Show in Chicago, April 5th – 7th, booth 2400.

Suncrest will also conduct a seminar detailing the color diamond market and the special processes that go into color diamonds in room 313 at The Smart Jewelry Show on April 4th at 3:45pm-4:45pm.

Add a comment

Bangkok Gem & Jewelry Fair Closes on High Note

The 53rd Bangkok Gems & Jewelry Fair was a success story, despite being held during a difficult time when Bangkok was beset by political protests, emergency decrees, and travel warnings from various embassies, say organizers.

An end-of-fair survey showed that 70 percent of Fair exhibitors were satisfied with the show’s outcome.

There were two important factors contributing to the Fair’s overall success, say organizers.

First, the Duty Free status of the Fair. Items imported into Thailand for sale at the Fair had the customary 20 percent import duty waived. This led to very competitive pricing at the Fair.

Second, although there were fewer visitors than at previous fairs, this 53rd edition saw more serious buyers.

The precious and semi-precious gemstone sector reported excellent results, and the diamond sector did brisk business. While the jewelry sector saw only average results, some jewelers did report very strong sales.

The 53rd Bangkok Gems and Jewelry Fair 2014 officially opened with the bold message “Freedom of Trade” as the main theme, echoing Thailand’s position as the “World’s Gems and Jewelry Hub” and one of the largest manufacturing centres for gems and jewellery products in the world.

Srirat Rastapana, Permanent Secretary of the Ministry of Commerce, presided over the Grand Opening Ceremony. She was accompanied by Nuntawan Sakuntanaga, Director-General of the Department of International Trade Promotion, and top executives of ministries and other government agencies.

Somchai Phornchindarak, president of the Thai Gem and Jewelry Traders Association, and of The Gems Jewelry and Precious Metal Confederation of Thailand, said “We are confident that buyers from around the world are visiting the Fair in increasing numbers.

“With the ongoing Duty Free status of the Bangkok Gems & Jewelry Fair, more and more international buyers are now coming to the Fair for the keenest prices. This trend will continue to increase, underlining the ranking of the Bangkok Gems & Jewelry Fair as a truly international event.”

Suttipong Damrongsakul, Chairman of the 53rd BGJF organizing committee, said that the BGJF makes the nation proud as Thailand is proven the region’s strongest country with the longest-established and greatest gems and jewellery show, while being listed among the world’s top five fairs of this category.

The 53rd Bangkok Gems and Jewelry Fair ran 5 days, 25 February – 1 March, 2014, at the Impact Challenger Hall, Muang Thong Thani. With 3,000 booths and nearly 1,500 exhibitors from around the world, the 53rd BGJF welcomed tens of thousands of buyers from more than 125 countries from around the globe during the five-day event. Prominent at this edition of the Fair was the very strong turnout of buyers from Russia, India, China and Iran.

Exhibitors said they were very pleased by the support the 53rd BGJF received from the Thai Government through providing incentives such as the Duty Free status and the Zero VAT privilege.

A long standing tradition of the Bangkok Gems & Jewelry Fair is the Design Pavilion exhibition that showcases the very best of future-forward Thai gems and jewellery design. The Design Pavilion also highlights “Ploi Thai,” Thailand’s country brand for gems and jewellery produced in Thailand.

The Ploi Thai country brand is a single brand to identify Thailand’s gemstones and jewellery products to the world. Ploi Thai represents creations by Thai artisans whose skills epitomize the Kingdom’s status of “the world’s gems and jewellery hub.”

The theme of the Design Pavilion was “Ploi Thai Gems & Jewelry Gateway to ASEAN — the Colorful Ploi Thai: the Spirit of ASEAN 2015.” It hosted a special seminar on the topic of the Muscat International Jewellery Exhibition 2014. The Design Pavilion featured fashion shows and the award ceremony for the winners of the Ploi Thai CAD 2014 Award.

Following last year’s Duty Free policy at the 52nd BGJF, which helped achieve a 4.6 percent increase from the same period the previous year, the latest privilege of the import duty exemption is helping drive Thai gems and jewelry forward.

The Thai government’s Zero Vat initiative exempts the 7 percent Value Added Tax on all imports of rough gemstones and raw materials brought into Thailand for manufacturing. This government policy strengthens Thailand’s position as the “World’s Gems and Jewelry Hub,” and increases Thailand’s attractiveness as the world’s largest gems and jewelry manufacturing base.

Add a comment

Swarovski Launches #SwarovskiLook Contest

Swarovski has introduced a brand-new interactive online competition that stars four leading international bloggers.

Through April 21, each blogger will share tips and inspirational tutorial videos on how to create four must-have looks for Spring/Summer using Swarovski jewelry.

The contest will focus on a specific theme and look each week. Those wanting to enter the contest simply need to share their look of the week on Instagram by posting selfies wearing Swarovki jewelry, using #SwarovskiLook.

Each week the guest blogger will select one winner who will receive three Swarovski jewelry pieces linked to the theme. All weekly winners will also be entered into the grand finale which will take place on April 21, 2014. The four guest bloggers and a Swarovski representative will select the ultimate winner of the contest who will win one year’s worth of Swarovski jewelry.

The first week of the contest will feature Amber Renae, the Australian blogger from The Style Engineer, who will focus on the “Everyday Chic” look.

The second week is all about the “Urban Glam” theme, led by Spanish blogger Priscilla Betancort from My Showroom Blog.

Mayo Wo from Hong Kong blog Mellow Mayo will share her take on a fashionable “Spring Look” for the third week.

And finally, Jenny Bernheim - US blogger, stylist, and designer, from Margo and Me --will showcase the “More is More” trend. “

"Jewelry is meant to be playful, there are no rules and what is important is to dare, to mix it up, and to have fun!” says Swarovski’s Creative Director Nathalie Colin.

Add a comment

Sarine Settles Into New Diamond District Quarters

Sarine North America Inc. held an invitation-only grand opening at their new NYC Diamond District offices last week.

Situated on the 10th floor of the International Gem Tower, at 50 West 47th Street, the evening commenced with a welcome reception for many of the industry leaders.

The evening was hosted by Sarine North America's VP of Business Development, Ohad Axelrod, who introduced Daniel Benjamin Glinert, Executive Director and Chairman of the Board for Sarine Technologies.

Mr. Glinert delivered opening remarks, stating, “Opening these offices on the first day of spring, though admittedly unintentional, is truly symbolic as we are bringing new technologies with new opportunities for the U.S. diamond trade which truly are harbingers of a new era.” He also noted the spelling change in the company name, from "Sarin Technologies" to "Sarine Technologies".

Following Mr. Glinert were remarks by Ronnie VanderLinden, President of the Diamond Manufacturers and Importers Association of America, and Reuven Kaufman, President of the Diamond Dealers Club, who both enthusiastically welcomed the international partner as the leader in technological solutions for the diamond and gemstone manufacturing and trade industries.

Guests were led through live demonstrations of Sarine latest products and technologies in the Rough; Polish; Trade and Retail segments. Demonstrations, given by executives from Sarine Technologies who came in especially for the occasion from Israel, and Sarine North America staff, centered on innovative solutions that add value to diamond manufacturing and the wholesale and retail trades.

For the first time in the US, Sarine introduced and demonstrated the Galaxy rough scanning system that enables inclusion mapping to then optimize the yield for polish planning, using Sarine’s world-leading polished diamond planning product – the Advisor. These are augmented by Sarine’s quality assurance products, the DiaMension HD and the just-released Instructor 3.0, which help users realize the desired polished gem.

Even more exciting are Sarine's revolutionary products for the polished diamond trade. Sarine's patented Light Performance solution (Sarine Light) is an accurate, consistent and cost-effective measurement system linked to a cloud based platform. Implementing a new consumer oriented light performance grading standard the Sarine Light provides a realistic link between science and beauty. The Sarine Light provides Light Performance reports and a tablet-based in-store sales tool for the consumers' added confidence in the quality and beauty of the stone they are buying.

Sarine's other radically new offering is the Sarine Loupe. Based on patent-pending technology that captures images of the diamond from all directions, it creates a virtual floating diamond that can be manipulated, viewed and inspected under varying magnifications as if held in your hand. Sarine expects this technology will significantly streamline the B2B buying and selling process as a true visual rendition of the diamond can be viewed online, immediately from anywhere, providing accurate information on the diamond's Clarity and Cut.

Finally, taking the polished diamond's proportions and symmetry measurement to an entirely new level, Sarine is planning to shortly introduce the Axiom, based on radically new (patent-pending) technology that will take the measurement accuracy down to single-micron accuracy and allow grading and automated documentation of information previously only possible manually, using microscopes.

Mr. Axelrod observed that, "with a New York office centered on building brand awareness and set to provide outstanding customer support in the United States, Sarine North America is well positioned to provide innovative products and services to the jewelry industry here."

 

For more information, see http://www.sarine.com.

Add a comment

India’s Gem and Jewelry Council Opens First Show in Dubai

DMCC, Dubai’s and the region’s global gateway for commodity trade and enterprise, and the Gem & Jewellery Export Promotion Council (GJEPC) India, officially opened the Global Gem & Jewellery Fair (GGJF) hosted in Dubai for the first time on March 20.

Speaking at the inauguration ceremony, Ahmed Bin Sulayem, Executive Chairman, DMCC said: “We have enabled Dubai to establish itself as the global gateway for commodities trade by building the infrastructure required for industry participants to trade with confidence much like what we will see unfold here at the inaugural Dubai Global Gem & Jewellery Fair (GGJF). We look forward to hosting buyers and sellers from all across the globe as well as showcasing the finest in diamonds, jewellery and gemstones in collaboration with the GJEPC.”

Dubai has quickly emerged as one of the leading global centres for trade of gold, diamonds and precious stones. Combine that strength with the Emirate’s ideal location between the producing and consuming nations along the ‘New Silk Route’ and its unrivalled infrastructure including world-class cargo facilities, ports and airports that connect to over 220 destinations – the Emirate is all set to host the GGJF 2014.

With over 130 exhibitors participating from India and the GCC, the Global Gem & Jewellery Fair will provide an ideal platform for international buyers and sellers as they seek to trade top quality gems and couture jewellery during the three-day event where visitors from across the globe including GCC, KSA, Egypt, Lebanon, Bangladesh, Singapore, Eastern Europe, Russia, South Africa, Sri Lanka, Turkey, Pakistan and Malaysia, will take part.

Mr. Pankaj Parekh, Vice-Chairman, GJEPC, said: “India’s central role as the sourcing centre for diamonds and precious stones jewellery is renowned world-wide. For years traders and visitors to India have enjoyed the craftsmanship, quality, design and cost efficiency – now it’s time we return the gesture and bring the source to Dubai - the most promising destination for the gemstones and jewellery trade in recent times. GJEPC is pleased to collaborate with DMCC and we look forward to further strengthen international trading relations here at the GGJF 2014”.

India is the world leader in production of cut and polished diamonds, emeralds and tanzanites and with 14 out of 15 the world’s diamonds cut and polished in India, products of the highest quality including loose diamonds, loose coloured gemstones, plain gold jewellery as well as diamond and coloured stone studded jewellery, is expected on display at the GGJF 2014.

The UAE is a global hub for the gold bullion and jewellery trade, with gold jewellery consumption estimated at US $2.5 billion, making it one the top five in the world alongside China, India, the United States and Russia. The UAE alone accounts for 40 percent of India’s Gem and Jewellery Exports. Home to thousands of the world’s renowned brands and products; Dubai has quickly emerged as a cosmopolitan metropolis hence offering the ideal platform for the prestigious GGJF 2014.

Visit www.ggjfdubai.com for more information.

Add a comment

Ethisphere Honors GIA for Ethics

The Ethisphere Institute has named Gemological Institute of America as a 2014 World’s Most Ethical Company.

This is the second year in a row the 83-year old nonprofit GIA has received the designation, which recognizes its continued efforts to build and maintain a superior ethics and compliance program. GIA’s mission is to ensure the public trust in gems and jewelry through research discoveries, education, laboratory services and instrument development.

“We’re honored to be recognized by the Ethisphere Institute for the second consecutive year. This designation is truly a testament to the tremendous dedication of GIA staff to conduct every aspect of our global activities with the utmost integrity and according to the best principles of ethical business practice. Everything we do revolves around GIA’s public-benefit mission, and our compliance program is always a priority,” said Susan Jacques, GIA’s president and CEO.

“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “GIA joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at GIA for this extraordinary achievement.”

To be included in the annual list of the World’s Most Ethical Companies, organizations must demonstrate an active role in promoting ethical business practices internally and exceeding legal compliance standards. The Ethisphere Institute is an independent research center dedicated to promoting best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.

For more information about the 2014 World’s Most Ethical Companies, see ethisphere.com.

Add a comment

LuxLock Earrings Are In Demand

Over the past few weeks, talk of the new 14k gold earring back, the LuxLock, has been spreading! Bloggers and consumers across the country have discovered the many benefits of the new secure and comfortable clutch manufactured by Dama Jewelry.

Earring backs are often forgotten about, yet most women experience the same struggle with keeping track of earring backs that come loose and disappear. More importantly, leading to lost earrings with great monetary or sentimental value. Dama Inc. has shifted focus back to the earring back and gained the trust of consumers with the new LuxLock clutch.

The LuxLock is the new standard for quality and security of earring backs – featuring a strong stainless steel mechanism within a stunning and easy-to-handle 14kt gold clutch firmly grips for security. Consumers are pleasantly surprised to find a luxury earring clutch that combines strength, style and effortless simplicity.

"You know how it is when you lose one of your favorite pairs of earrings. So frustrating! So you can imagine my excitement when I heard about the LuxLock. Now you can wear your most treasured earrings without worries or anxiety,” reads the blog GlamaMama’s Goodies.

Customers have been raving about the quality of the LuxLock. The LuxLock works on all types of earring posts, small, large or screw posts. A secure, locking fit on all earrings with extra weight from the high quality gold to balance the earring on the ear.

“The LuxLock is a dainty piece with so much luxury and comfort...I just love it. Even better, I know my earrings are well secured while I enjoy my day. You even start to feel it lock as you push in the earrings and it doesn't jam the skin of your ears like so many others do,” reads the blog Fashion Stir Fry.

In addition to the quality of the LuxLock, consumers are pleased to gain peace of mind by wearing the LuxLock with their most treasured and valuable earrings. The LuxLock provides all day security so users don’t worry about earrings coming loose and falling out.

For more information, see http://www.dama.net/LuxLock.

Add a comment

SCAD Announces Student Competition Winners

Winners of the 11th annual Savannah College of Art and Design (SCAD) Student Design Competition, hosted by the Atlanta Jewelry Show, were announced at an awards presentation held March 9 during the March 8-10, 2014 edition at the Cobb Galleria Center.

Co-sponsored by Stuller, Inc. the annual competition continues the tradition of recognizing the outstanding work of SCAD's School of Design students while also providing budding jewelry designers with an inside look at the commercial jewelry industry.

The panel of guest judges includes Barbara Heinrich, Barbara Heinrich Studio; SCAD Alumnus Liaung Chung Yen, Liaung Chung Yen Designs; and Peter Embarrato, Topaz Gallery, Atlanta.

Coming full circle as a winner in the very first SCAD Student Design Competition 11 years ago, talented jewelry designer Liaung Chung Yen returned to the show as a guest judge and an exhibitor in the show's Handcrafted Studio section.

Winners of the 2014 competition included Lauren Heydinger, who took Best in Show.

Add a comment

Silver Jewelry Sales “Robust” in 2013

Silver jewelry sales in the United States were robust in 2013,

with 73 percent of jewelry retailers reporting increased sales last year, according to “Silver Jewelry Buying Trends,” a survey conducted by the prominent jewelry trade publication “National Jeweler” on behalf of the Silver Institute’s Silver Promotion Service.

The survey also finds that silver jewelry has become an increasingly important category for many jewelers for the past several seasons, both in driving sales and providing margin.

Highlights from the survey include the following:

Retailers said their silver jewelry sales, as a percentage of their overall jewelry sales, were on average 33 percent of their unit volume and 29 percent of their dollar volume.

The average increase in 2013 for silver jewelry sales was 17 percent.

The best maintained margins during the holiday season were as follows:
(Percent rating category as "best")
Silver Jewelry 36 percent
Diamond Jewelry 28 percent
Bridal Jewelry 17 percent
Gold Jewelry 13 percent
Platinum Jewelry 6 percent

92 percent of retailers say they are optimistic that the current silver boom will continue for the next several years.

The survey was fielded in February for the Silver Institute’s Silver Promotion Service (SPS). The objective of the SPS is to develop and implement programs designed to enhance silver’s image and stimulate demand for silver jewelry in major international markets. This was the fifth consecutive year that the SPS has conducted such a survey.

SPS Director Michael Barlerin commented, “While we already had anecdotal information from our program participants that 2013 had been an exceptional year for them, it was gratifying to see the quantifiable results from the survey. Additionally, the five consecutive year-over-year results are perhaps the most compelling I have ever seen.”

Add a comment

Wixon Jewelers Honored in Minneapolis

Wixon Jewelers has been honored as the Small Business of the Year for 2014 by the Minneapolis Chamber of Commerce.

The Chamber and their review board were impressed by the store’s commitment to client service, ongoing educational and training programs for staff, and community and philanthropic involvement, among other things.

Says a store spokesman: “We are extremely humbled and honored to win this award. It validates what we have known for over 20 years: if you assemble an extraordinary team, offer the very best products and truly care for your clients, it is the recipe for success.”

For additional information, see www.wixonjewelers.com.

Add a comment

JA Announces 2014 CASE Award Winners

Jewelers of America has presented its annual CASE awards for jewelers who exhibit creativity, artistry, style and excellence in jewelry design.

Many of the winning pieces of the 2014 CASE Awards feature handmade elements, bead settings and high quality stones that reflect the vintage style that has become very popular in current jewelry and fashion trends.

Winners were selected out of 63 entries from Jewelers of America Retail Members for six categories: Jewelry up to $2000, $2001-$5000, $5001-$10000, Over $10,000 (retail values); Buyers’ Choice and Best in Show.

“Jewelers of America’s CASE Awards retail design competition is the only national platform that showcases the craft and creativity of independent jewelers,” says JA President & CEO David J. Bonaparte. “We congratulate all the CASE Award entrants, as they exemplify the talent and fine craftsmanship found in Jewelers of America-member stores nationwide.”

The winners were determined by a judging panel of Jewelers of America’s in-house experts and four industry experts who judged the entries in a specific area of concentration. Judges included Marc Adwar, Adwar Casting; Cindy Edelstein, Jewelers Resource Bureau; Michelle Graff, editor-in-chief of “National Jeweler”; and Malak Atut, Zaiken Jewelry. Judges also determined the winner in the new category of Best in Show. Voting in the category of Buyers’ Choice was open to all JA New York attendees with a separate ballot. Case Award winners receive a trophy from Jewelers of America.

The 2014 CASE Awards were sponsored by GE Capital and Jewelers Mutual Insurance Company. The CASE Awards is open only to Jewelers of America Retail Members and their employees. For more information about the competition and to view the Winner’s Photo Gallery, visit www.jewelers.org/caseawards or contact Jewelers of America’s Member Services at (800) 223-0673.

Add a comment

Smart Age Solutions Partners With Paparazzi Proposals

Paparazzi Proposals and Smart Age Solutions, a leading full service digital marketing agency, recently announced an exclusive partnership to offer the jewelry industry a unique engagement photography experience through the lens of digital marketing expertise.

With the new partnership, both companies seek to enhance a jeweler’s ability to connect with its customers; turning what would have been a one-time transaction into a dynamic buying experience that promises to spur repeat business through the customers’ willingness to recommend the jeweler to friends, family and colleagues.

“A partnership like this will bring jewelers into the modern era,” said Emmanuel Raheb, CEO of Smart Age Solutions. “This is how the smaller jewelry shops can compete with the large chains; by connecting with the customer.”

Smart Age Solutions fosters a jeweler’s ability to connect with customers through Social Networking sites such as Facebook, which is the perfect platform to showcase the stunning visuals achieved by Paparazzi Proposals. James Ambler, owner of Paparazzi Proposals, is a former photojournalist with the technical skills to capture dynamic moments. With Paparazzi Proposals, he brings his talented eye to a couple’s most special of moments — the instant a man proposes to the love of his life.

The partnership calls on the jeweler to sell Paparazzi Proposals’ services as part of the ultimate engagement package.

“Normally, the man buys the ring and that is it. That is the end of his interaction with the jeweler,” said Ambler, whose business appeared on the hit television series Shark Tank. “But our partnership with Smart Age Solutions will help the jeweler go viral. Paparazzi Proposals is the fuel and Smart Age Solutions is the engine — through my images of the engagement, Smart Age Solutions can raise the jeweler’s profile.”

And that profile is raised by an engaged couple’s need to share photos with friends and family. Every newly-engaged woman wants to show off her ring to her girlfriends — Paparazzi Proposal photos are no different, and Smart Age Solutions’ Social Media marketing expertise will spread jewelers’ name further than previously imagined.

“Word of mouth was traditionally the way a jeweler spreads the word,” said Raheb. “But now, Facebook is the new word of mouth. Young people are not going to use a jeweler just because their parents went there. They are going to go to one with a Social Media presence that offers a personal touch.” And that personal touch is Paparazzi Proposals. The company is united with Smart Age Solutions to change the jewelry industry’s image from aging dinosaur to cutting-edge commerce.

“Paparazzi Proposals helps jewelers advertise their product,” said Ambler. “Marketing takes place where people will see it. And that place is Social Media.”

Add a comment