Galatea Names JewelMark

Galatea Jewelry Corporation has appointed JewelMark Canada, Inc., located in Edmonton, Alberta, as the exclusive Canadian distributor for its collections.

With a growing customer base in Canada, a locally-based distributor was a logical "next step," according to Galatea CEO Chi Huynh.

"The Galatea-JewelMark alliance will bring an experienced and streamlined sales experience to our Canadian customers," says Huynh.

JewelMark Canada CEO Ed Kilbride has sold Galatea jewelry as an independent representative in Alberta and British Columbia since 2013. "We have full confidence in Ed's expertise and his ability to make this a successful transition," says Huynh.

Kilbride has extensive experience in relationships with American jewelry manufacturers, handling Canadian distribution for the Marathon and Benchmark brands throughout the provinces.

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IDEX Online Polished Price Changes – March 26, 2015

by Danielle Max

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

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

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

Rounds

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

Fancy Cuts

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

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

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

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

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

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

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

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Fana Launches Retail Portal

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

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

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

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

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

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