IDEX Online Polished Price Changes – April 23, 2015

by Danielle Max

There was quite a bit of movement in polished diamond prices this week, both positive and negative.

Smaller sized rounds saw the greatest number of price declines, hitting as much as 5% in certain categories. Larger sized round stones saw prices heading upwards.

When it came to fancies, the picture was more positive with price declines evident in only a few limited categories.

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

Rounds

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

Fancy Cuts

  • 0.18-0.22 cts D / VVS2+ down 3%
  • 0.23-0.29 cts no change
  • 0.30-0.39 cts D / VVS2 + and SI2 up 2-4%, E / VVS1 and F / IF up 4%
  • 0.40-0.44 cts D / VS2 and E / VS1 up 2%
  • 0.45-0.49 cts D / VS2 up 2% and E / VVS2 up 4%
  • 0.50-0.69 cts D-I / VS2+ up 2-3%, D and F / SI2 up 2-4%
  • 0.70-0.79 cts changes including D-E / IF up 3% and D / VS2-SI2 up 1-3%
  • 0.80-0.89 cts D / IF up 3%, F-H / VVS1-VVS2  up 1-3.5%
  • 0.90-0.99 cts changes including D-I / VVS1 up 1-3.5% and D-G / SI1 up 2-4%
  • 1.00-1.24 cts many changes including D / VS1+ up 2-3% and K / VS2+ up 3%
  • 1.25-1.49 cts D / SI2 down 3%, D / IF and K / VS1-SI1 up 3%  
  • 1.50-1.99 cts many changes including E-I / IF up 2-3% and I-K / VS2 up 2-4%
  • 2 cts changes including E / SI1+ and G / SI1+ up 3%
  • 3 cts no change
  • 4 cts H / VS2  up 3%
  • 5 cts  D / VS2-SI2 down 3%, L / SI1 up 3%
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Indo-US Business Development Conference Set for Chicago

An Indo-US Business Development Conference will be held at Hyatt Regency O’Hare in Chicago from April 30-May 3.

The objective of the conference is to help increase business between the two primary supply chain partners, the U.S. and India, specifically keying in on new customer acquisition through focusing on underdeveloped retail segments.

The conference will seek to introduce Indian jewelry manufacturing entities to mid-sized national and regional retail chains and the larger jewelry-buying organizations representing groups of key independent retailers.

It will primarily assist Indian exporters to get a firsthand experience of the local jewelry preferences and help U.S. retailers build new sourcing relationships in the jewelry segment.

The purpose of the BDC is to reinvigorate, 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 American markets.

The conference 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.

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.

The BDC will share information about the Council’s “Buyer/Seller Matching Initiative,” and showcase the beauty, artistry and production values of Indian jewelry.

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Diamond Empowerment Fund Launches Diamonds Do Good Campaign

The Diamond Empowerment Fund has launched its Diamonds Do Good initiative, in which the good works of the diamond and jewelry industry are directly connected with consumers.

The epicenter of this effort is diamondsdogood.com and its accompanying social media platforms (Facebook, Twitter, Instagram and YouTube).

Both the website and social media presence acknowledge the aggregate ongoing good of the global diamond and jewelry industry through personal stories.

Offering a real-time interactive repository of the collective good works and impacts of the industry on communities where they do business, retailers are encouraged to share their own individual stories of giving back with the Diamond Empowerment Fund.

Materials developed for use by retailers include the following:

  • The "We Support Diamonds Do Good" seal – made into a window cling for display on storefront windows and for digital/website use, clickable back to diamondsdogood.com
  • Sales associate training materials on the Diamonds Do Good message
  • Digital brochure on D.E.F's Diamonds Do Good mission
  • 12-month digital content calendar for retailers' social media
  • Counter cards
  • One-page customer brochure

For more info about the Diamond Empowerment Fund and/or the Diamonds Do Good Initiative, contact Nancy Orem Lyman at n.lyman@diamondempowerment.org.

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Lab Grown Diamonds Unveils World’s Largest Lab-Cultivated Diamond

During the 45th annual Earth Week, Pure Grown Diamonds unveiled the world's largest diamond growing greenhouse and the world's largest lab-cultivated diamond – an achievement, it said, that will help decrease dependency on destructive diamond mining, which is responsible for collapsing eco-systems, disintegrating wild habitats, a century of workers' rights violations and bloody armed conflicts sparked by greed.

"Our physicists have perfected the laboratory process of replicating the Earth's natural crystallization of carbon into alluring, scintillating, sizeable diamonds for the luxury jewelry, engineering, high-tech, precision-cutting instrument and semi-conductor industries," said Pure Grown Diamonds President and CEO Lisa Bissell.
"Pure Grown Diamonds are indistinguishable from mined diamonds, even under a microscope, yet they cost 30 to 40 percent less," she noted.

"Diamonds are a girl's best friend but diamond mining is Mother Earth's enemy," Bissell continued. "We have unlocked the code that will help spare the Earth from further damage and solve the dilemma of rapidly depleting diamond mines."
Academy Award winner Patricia Arquette previewed the record-setting lab-cultivated diamond in Hollywood at a pre-Oscar soirée. It is a 3.04 carat, near colorless diamond – priced at $23,000 compared to an identical earth-mined diamond selling for more than $40,000.

"This is a lab-created diamond, which means there is no blood involved in this diamond," exclaimed Arquette. "It is especially beautiful because no children died for this diamond. There were no slave wages paid for this diamond. There was actually a working wage paid to create this diamond. And, that's about love."
Pure Grown's diamond-growing greenhouse is forecast to yield 350,000 carats in 2015. In 2014, 300,000 carats were harvested from the one-of-its-kind, 200,000-square-foot, $150 million facility. It is owned and operated by Pure Grown Diamonds' Singapore sister company, IIa (2a) Technologies, Pte, Ltd.

Singapore's Deputy Prime Minister Tharman Shanmugaratnam publicly opened the diamond greenhouse several weeks ago.
The United States Federal Trade Commission has concluded that these diamonds have the same chemical, optical and physical properties as mined diamonds, according to Bissell.

Pure Grown Diamonds are available at 147 U.S. jewelry stores in 31 states, the District of Columbia and online at www.PureGrownDiamonds.com.

A one-carat Pure Grown Diamond sells for as little as $3,000. A similar mined diamond sells for more than $5,000.

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Rebecca Taylor and Melissa Joy Manning Collaborate on Collection

A shared passion for travel, culture, and art created an immediate connection between Rebecca Taylor and Melissa Joy Manning, inspiring them to collaborate on a capsule collection of jewelry for Summer 2015.

The collection of jewels combines Rebecca’s refined, feminine aesthetic with Melissa’s unusual and contemporary designs. Rebecca’s skill of layering soft with structure is perfectly balanced with Melissa’s use of recycled metals and a soft color palette of locally sourced stones.

While the stones used in the collection are classic to the Melissa Joy Manning line, the Rebecca Taylor X Melissa Joy Manning collection encompasses a unique combination of Pink Tourmaline, Turquoise, Aquamarine and Pyrite.

The Rebecca Taylor X Melissa Joy Manning collection ranges in price from $140 to $625 and will be available in July at all Rebecca Taylor boutiques and RebeccaTaylor.com

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Pac Team Group Names Dieter Pasewaldt Worldwide CFO

Pac Team Group, a manufacturer of luxury displays, packaging and exhibition solutions, has named Dieter C. Pasewaldt as its new worldwide chief financial officer.

“With offices and facilities across the globe and a need for them to all work together seamlessly, it is vital that our group governance be made up of the highest calibre individuals,” said Alain Borle, Pac Team CEO. “Mr. Pasewaldt’s professional experience and reputation make him the perfect addition to our team and we are thrilled to have him on board.”

Pasewaldt brings over 25 years of global financial and operational experience to the position with an excellent record of results with growth-oriented public and private companies in the branded fashion industry. Most recently he served as vice president of finance at Kenneth Cole Productions and previously as its corporate controller.

Prior to that, he was employed as a Certified Public Accountant at Ernst & Young within its Retail and Apparel Audit Group.

Pasewaldt holds a B.B.A and M.B.A from Pace University in New York. He is a member of the American Institute of Certified Public Accountants and is a Chartered Global Management Accountant.

“We are very excited to welcome Dieter into our group. His experience within entrepreneurial organizations during significant periods in their growth will be a great complement to our company’s leadership,” said Pac Team President Eric Zuckerman.

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Responsible Jewellery Council Meets in Mumbai

The Responsible Jewellery Council held its annual general meeting in Mumbai last week.

The Gem and Jewellery Export Promotion Council (GJEPC) and Bharat Diamond Bourse joined the RJC as co-hosts to present India’s diamond and jewelry industry to a global audience during this major event. In doing so, the GJEPC recognized the importance of the RJC in the development and certification of responsible supply chains in India, especially for major export markets.

This was the first RJC AGM and conference to be held outside Europe, and marks a major milestone in continuing efforts to bring the message of responsible business practices to India, a global leader in diamond and jewelry manufacturing and sales. The RJC delegation was accompanied by GJEPC and BDB on visits to several companies in Surat, focusing on diamond cutting and polishing, as well as jewelry manufacturers in the SEEPZ in Mumbai.

Over a three-day series of events, including the AGM, conference sessions, factory visits and a gala dinner, leading members of the Indian and international industry exchanged views.

Senior industry, U.S. government representatives and civil society experts also participated. In recognition of the role of civil society, the RJC Executive Committee appointed its first member from civil society, Estelle Levin of Estelle Levin Ltd., who was formally appointed co-chair of the RJC Standards Committee.

“The GJEPC was pleased to co-host this important event along with the BDB. We recognize that the RJC provides one of the most effective ways for our members to show they take responsible business practices seriously in order to build confidence with international markets for our products,” said Vipul Shah, the chairman of the GJEPC.

“We look forward to working more closely with the RJC to accelerate the progress achieved over the last two years, which will further help promote RJC membership to our members. This is an integral part of securing the long-term future for an incredibly successful industry.”

The events highlighted how the Indian manufacturing sector has significantly benefited from an industry-led global compliance standard like the RJC to meet export market expectations as well as to retain skilled workers as a way of improving quality and productivity.

“We invited the RJC to hold this event in India so we could unleash the power of collaboration to create exciting long-term opportunities for the Indian diamond and jewelry industry,” said Anoop Mehta, BDB president. “I am pleased to say that our expectations have been exceeded and this event has built trust and commitment to strengthen our partnership with the RJC.”

The RJC has made significant progress in India, especially over the last two years, and is committed to working with Indian industry and institutions to fully integrate with this key market. As a key part of this increasing commitment to India, the RJC earlier this month announced the appointment of Kinjal Shah as country head, India.

“India remains a strategic priority for the RJC,” said James Courage, RJC chairman. “We thank our co-hosts, the GJEPC and BDB, and all the other international and Indian participants that made this event such a success. The RJC is delighted that this event has strengthened our relationship with the GJEPC and BDB to work together for the future success of the Indian diamond and jewelry industry."

The three organisations – GJEPC, BDB and the RJC - play unique and complementary roles in ensuring long-term growth, success and confidence in this industry.

The GJEPC has been successfully promoting the Indian diamond and jewelry industry and exports and recognizes that future success requires Indian exporters to meet evolving quality expectations and regulations in export markets.

Responsible business practices are an increasingly important part of retailers’ and consumers’ expectations.

The GJEPC emphasizes the role of numerous SME manufacturers in India, and the requirement to discuss the creation of an effective platform in conjunction with the RJC.

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Rembrandt Charms on the Offensive Against Counterfeiters, Copyright Infringers

Rembrandt Charms has settled a federal court lawsuit against JKM Enterprises (d/b/a Charms Plus) to the satisfaction of both parties.

The lawsuit alleged infringement of Rembrandt Charms’ registered copyrights in its jewelry designs.

"We are pleased to announce this settlement,” stated Chris Lux, president and chief executive officer of Rembrandt Charms.

“Copyright infringement severely damages brand owners and consumers alike. We take these issues very seriously and over the years have gone after numerous companies and individuals that have violated our rights.

We are continuing to monitor the marketplace and take action against businesses that infringe our valuable intellectual property. In appropriate cases, we seek a wide range of relief including money damages, destruction or surrender of infringing jewelry, disclosure of the names of manufacturers and related parties, and a court injunction."

Rembrandt Charms is a manufacturer of charms and charm bracelets. Authentic Rembrandt Charms merchandise can only be purchased through Rembrandt Charms or authorized retailers. Visit RembrandtCharms.com or call 1-800-828-7840 for more information.

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Dates Set for India International Jewellery Show

India’s Gem & Jewellery Export Promotion Council has announced the annual India International Jewellery Show will take place Aug. 6-10.

This year, the show has expanded to 1100-plus exhibitors and 2000-plus booths by introducing 200 new booths and 175 new exhibitors, of which 50 companies will be dealing in studded jewelry, 70 companies in plain gold jewelry and 50 companies in loose stones. The GJEPC is set to achieve 25 percent growth in exhibitors and 11 percent growth in booths.

GJEPC vice chairman Pankaj Parekh commented: “I am glad to announce that IIJS 2015 will eventually cater to the longstanding demand of the industry and trade. With structural modification and expansion we are now set to accommodate 175 new companies at the show. Like each year, GJEPC will continue its efforts to promote the gem and jewelry industry in the forefront through IIJS 2015. It is by far one of the largest trade shows in Asia and we are confident about sustaining this position.”

Nirav Bhansali, convener – National Exhibition Sub Committee of the GJEPC, said: “One of the significant features of IIJS 2015 is the 25 percent growth in exhibitors and 11 percent increase in booths. Keeping in mind the premium nature of the show, we are working towards getting leading national and international buyers. This year, the show hours have been extended by one hour which in return will increase footfalls by 10 percent.

“This year we are focusing on a specific target audience who are relevant to the gem and jewelry industry. Since the industry is going through some tough times, we are hoping that IIJS 2015 will help in generating new businesses,” he added.

The key highlights of IIJS 2015 are:

New Sections

Keeping in mind the convenience of buyers, new sections have been introduced so as to segregate the products/services.

  • Laboratories & Education
  • Synthetics & Simulants

Re-Location of Sections

The original floor plan has been maintained by making temporary modifications in the halls while open spaces within the premises are being converted in temporary halls. These changes have been made to keep the exhibition floor product centric, ease of navigation and improve services & facilities.

  • International Loose Stones
  • Allied/Laboratories & Education

Existing location exhibitors have the choice to give away partial space and in exchange, keep their current location.

Additional Connectivity and Entry Points Inside Halls

To improve inter-connectivity between walls and easy navigation, a new walkway has been put up at the rear side of the walls. In addition, a new entrance has been constructed to ensure that the entries inside the halls are accessible from the Open Bay area.

Extended Show Hours

To make it easier for the exhibitors and visitors, the business hours have been extended during evening time. The show will now be open from 10.00 am to 7.00 pm.

Re-Location of Central Cafeteria

A big multi-cuisine cafeteria has been set up next to the halls to cater to the requirements of exhibitors and visitors.

Road Shows to Mobilize National Trade Visitors

In a bid to mobilize national trade visitors, roadshows in 150-pluslocations across the country will happen from Apr. 15 to June 10 with encouragement from over 35 local trade associations. It is anticipated that around 35,000 national trade visitors will be present from over 800 cities and towns across India.

Makeover of Elite Club

The Elite Club including large and medium retailers will undergo a 360-degree makeover and will now comprise top buyers from tiers I, II & III centers from across India.

Road Shows to Mobilize International Trade Visitors

Road shows will be held in the U.K. and China to muster delegation-level visits and mobilize international trade visits.

Hospitality Package for International Buyers

An all-encompassing hospitality package including two-night stays will be offered to 500 chosen international buyers from different markets.

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IPromise Jewelry Launches New Bracelet Line

Karen Rosengart, the diamond melee specialist behind IPromise Jewelry by KarenR, has formed a strategic partnership with the Junior Diabetes Research Foundation to help raise awareness for this childhood disease, which affects 15,000 children nationally.

IPromise Jewelry has developed a line of bracelets that the local chapters of the JDRF can partner with local jewelers in their area to purchase in fundraising events. IPromise will donate money to the JDRF.

The IPromise JDRF Blue Diamond Bracelet is set with four blue diamonds. Inside, the bracelet is engraved with the promise of “Peace, Hope, Cure.”

From each bracelet sold, $20 is donated to fund JDRF’s efforts to bring those living with T1D a continuous flow of life-changing therapies and, ultimately, a cure for the disease. IPromise we can work together to create a world without Type 1 Diabetes.

For each IPromise JDRF Leather Charm Bracelet bracelet sold, $5 is donated to fund JDRF’s efforts to bring those living with T1D a continuous flow of life-changing therapies and, ultimately, a cure for the disease. The JDRF and the IPromise logos’ are on the front of the charm and has the message “Peace, Hope, Cure” on the reverse.

The bracelets are made in the U.S. They will be featured and sold at http://www.IPromiseJewelry.com where you can also find the original 12 IPromise bracelets engraved with “I Promise” on the surface and unique meaningful sayings on the inside.

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SBA Names Minnesota Jewelers Among Small Business Persons of the Year

Jim Kruse, founder and Melissa Kelley, president, of J.F. Kruse Jewelers in Saint Cloud, MN, have been named the Minnesota Small Business Persons of the Year by the U.S. Small Business Administration.

Gail Ivers, vice president of the St. Cloud Area Chamber of Commerce and Barry Kirkhoff, executive director of the Central Minnesota Small Business Development Center (CMSBDC) at St. Cloud State University in St. Cloud, MN, nominated Kruse and Kelley for this award.

As a teenager, Jim Kruse discovered a talent for sales while potting plants at a greenhouse in St. Paul. In 1979, he was hired at D.J. Bitzan Jewelers in St. Cloud as a bench jeweler and trained as a diamond setter. However he soon found himself in sales there as well. Jim made the decision to change careers due to unforeseen family struggles and turned to construction. But a workplace injury resulted in cracked ribs and the need to find another way to make a living for his family.

Jim returned to jewelry as a diamond setter but began making his own creations and selling them on the side. In 2000 he opened J. F. Kruse Jewelers at the urging of friends and customers. The store started with two full-time (Jim and his sister) and two part-time employees and did $200,000 in sales in its first quarter.

J. F. Kruse Jewelers made use of the SBA 7(a) program in the early years. From 2000 to 2003 it received three different loans to help with the start-up of their business. All of them have been paid off. They received assistance in 2011 and 2012 from the CMSBDC in St. Cloud with their expansion.

Customer service and the dedication to custom jewelry are two things that stand out about J. F. Kruse Jewelers. They are the only custom jewelry store in Central Minnesota that can create a piece in-house from start to finish and sell it retail.

Customers can walk into the store, talk to the staff about what they like, and the staff of artists can create the design, create a wax carving of it, make the piece and adjust it until the customer loves it.

In 2013, J. F. Kruse doubled its size with a new store on Waite Avenue in St. Cloud. Jim was joined in the business by his daughter, Melissa Kelley, 29, who started cleaning the toilets at the store while she was still in junior high school. Today she has a degree in business, is a graduate gemologist, and has taken over ownership of the business, while Jim retired in January.

J.F. Kruse Jewelers takes advantage of their focus on custom jewelry for special types of fundraising. One third of the profits from a special line of jewelry, known as the “Becoming” series, are donated to a revolving list of charities that help deal with crisis pregnancies.

Currently they are working with the St. Cloud Children’s Home to develop a similar philanthropic plan. The store often donates jewelry and gift certificates to raffles with a particular focus at raising money for sick individuals and families hit by disaster. In general, they make in-kind donations to local families and community organizations every week.

J.F. Kruse Jewelers started with nothing to supporting 17 employees and continues to increase their customer base every month. Sales have increased by 7 percent each year since opening the door.

J.F. Kruse Jewelers will be honored at the Minnesota Small Business Week Awards program on May 7 at the Minneapolis Marriott Northwest.

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JA Offers Certification Exams at SMART Show, Three Others

Jewelers of America will be offering JA Sales and Management Professional Certification exams at four upcoming trade shows.

The prestigious certifications – open to all jewelry professionals – can advance the careers of jewelry sales associates and managers, differentiate the retail store from competitors and enhance fine jewelry customers’ trust in the jewelry professional.

“In today’s competitive landscape, we are striving to make it easier for jewelers to get the valuable tools they need to gain consumer confidence and keep the jewelry industry vibrant and healthy,” says JA President & CEO David J. Bonaparte. “I strongly encourage retailers to get their staff certified. The benefits from Jewelers of America Professional Certification will far exceed the minimal amount of time and small monetary commitment put into the exam.”  

The Jewelers of America Professional Certification program establishes national standards with two-hour exams that evaluate the proficiency of jewelry professionals at two levels. There is no studying required for the exams in both jewelry sales and management – the certification attests to the existing expertise of the sales or management professional. Those who register in advance to any of the exams listed below save $10 off the exam fee of $35 for JA members and $55 for non-members. Register here.

EXAMS OFFERED ONSITE

  • JA Certified Sales Professional (CSP) – First Level
  • JA Certified Senior Sales Professional (CSSP) – Second Level
  • JA Certified Management Professional (CMP) – First Level
  • JA Certified Senior Management Professional (CSMP) – Second Level

UPCOMING EXAM SESSIONS

SMART SHOW CHICAGO

  • Navy Pier, Chicago, IL
  • Friday, April 17; 10AM-12PM    
  • Friday, April 17; 2:30-4:30PM    

OKLAHOMA JEWELERS CONVENTION

  • Embassy Suites Hotel, Oklahoma City, OK
  • Sunday, April 19; Time 1:30-3:30PM

JCK SHOW

  • Mandalay Bay Hotel, Las Vegas, NV
  • Thursday, May 28; 10:00AM-12:00PM
  • Thursday, May 28; 2:00-4:00PM
  • Friday, May 29; 10:00AM-12:00PM

JA NEW YORK SUMMER SHOW

  • Jacob K. Javits Convention Center, New York, NY
  • Sunday, July 26; 10:00AM-12:00PM
  • Sunday, July 26; 2:00-4:00PM

Those not able to attend the on-site certification exams can take the exams at any time and at a location convenient to them by registering for a proctored exam.

Jewelers of America led an industry task force, including representatives from all types of retail jewelry stores nationwide, to establish the Jewelers of America Professional Certification program in the late 1990s with the goal of raising the level of professionalism throughout the jewelry industry. Jewelry professionals who successfully complete the nationally recognized certification program receive acknowledgment from Jewelers of America that enhances their standing among colleagues and consumers.

The Jewelers of America Professional Certification program also offers certification for bench professionals in four levels of expertise. For more information on the Jewelers of America Professional Certification program, visit https://www.jewelers.org/benefits/education/certification/ or contact Jewelers of America at 800-223-0673 extensions 8007.

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IDEX Online Polished Price Changes – April 16, 2015

by Danielle Max

We see mostly positive movement in diamond prices over the past seven days. Round goods saw some declines in sizes smaller than 0.50 cts, and moderate price gains in larger sizes. Fancy Cuts enjoyed mostly increased prices, apart from declines in the larger goods of 4-5 cts. 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-E / IF-VVS1, down 2-4%
  • 0.23-0.29 cts G / IF and I / VVS1, down 2-3%
  • 0.30-0.39 cts changes including D-E / VVS2-SI2 up 2-4%
  • 0.40-0.44 cts changes including D / SI3 down 2.5% and J / VS2-SI1 up 2-3%
  • 0.45-0.49 cts changes including D-F / SI3-I1, down 2-3%
  • 0.50-0.69 cts changes including D-E / VS2-SI2 up 2-3.5%
  • 0.70-0.79 cts changes including D-F / VS2 and I-K / VVS2 up 1-3%
  • 0.80-0.89 cts G / IF up 3% and K-L / I2 down 4-5%
  • 0.90-0.99 cts changes including D-E / VVS2-VS1 up 2-3%,  G-I / IF-VVS1 up 1.5-3%
  • 1.00-1.24 cts changes including D-E / VS1 up 2-3%
  • 1.25-1.49 cts I-J / I1 up 2-3%
  • 1.50-1.99 cts changes including E / VS1-SI1 up 2-3%
  • 2 cts G-H / IF-VVS2 up 2-3%
  • 3 cts E / SI1 down 3%, G-H / VVS1 up 2-3%
  • 4 cts F / VS2 and E / SI1 down 3% and I / VVS2-VS1 up 2-3%
  • 5 cts H / VS2 and K / SI1 up 3%

Fancy Cuts

  • 0.18-0.22 cts D / VVS2 down 3%
  • 0.23-0.29 cts F-G / SI2 up 4-5%
  • 0.30-0.39 cts D-F / IF up 1.5-2.5%
  • 0.40-0.44 cts changes including D / IF and H / VVS1 up 2.5%
  • 0.45-0.49 no changes
  • 0.50-0.69 cts D-G / VS1+ up 2-3%
  • 0.70-0.79 cts E-G / VVS2 up 1-3%
  • 0.80-0.89 cts changes including F / VVS2 up 3%
  • 0.90-0.99 cts changes including E-H / VVS1-VS1 up 1.5-3%
  • 1.00-1.24 cts F-H / VS1+ up 2-3%
  • 1.25-1.49 cts changes including IJK / IF-VVS2 up 2-4% and I / I1 down 3%
  • 1.50-1.99 cts changes including G-H / IF-VVS2 up 2-3%
  • 2 cts changes including  G-H / VVS up 2.5-3% and M / SI1 down 3%
  • 3 cts D / VVS2 and H / VVS1 down 0.5%
  • 4 cts D-F / IF-VVS1 and F / I1-2 down 3%
  • 5 cts D-F / VS2-SI1 down 3%
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Luvente Announces Launch of New Jewelry Line

Luvente will debut its new line of jewelry at JCK Luxury Las Vegas, May 26–June 1.

The new collection reflects the distinctive and creative energies of Michael and Daniel Dabakarov, with contemporary, inspired and iconic designs that make a timeless statement.

“With the unveiling of our new jewelry line, we are establishing an exciting lifestyle brand designed to resonate emotionally”, says Daniel Dabakarov.

“The Luvente brand offering incorporates pieces that capture your most memorable moments in designs that integrate seamlessly into our national retailer’s offerings while expanding their repertoire with truly iconic luxury pieces.” Luvente will present their new line in two booths, LUXURY SALON LUX EE1 and JCK Booth S10549.

For more information, contact Luvente at (646)807-4484 or info@luvente.com.

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Jane Taylor Launches New Line

Jane Taylor’s new line of colorful fine jewels will be launching exclusively on M’oda ’Operandi.

In advance of Taylor’s newest collection, Cirque, debuting at The Couture Show in Las Vegas, 16 one-of-a-kind cocktail rings will be available for pre-order. Featuring many rare gemstones, including a vast array of tourmalines, most of the gemstones were hand-selected from Taylor’s long-amassed archives.

Rendered in 18-karat yellow, white and rose gold, the designs are sleek and minimal, with a focus on the incredible gemstones. Says Taylor, “the one common theme in my work is a sculptural symmetry, which looks easy and simplistic, but isn’t at all. I love taking classic shapes and seeing what playful ways I can make them interesting and juicy.” It took three months for Taylor and her daughter to produce the collection, with all pieces made in New York City.

For more information, contact Cleo Zancope at cleo@janetaylor.com or 413.256.8404.

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Pandora Launches New Marketing Campaign

Pandora has launched a new “The Art of You” marketing campaign that asks women, “Who will you create today?”

Designed to inspire women to embrace the self-creator within, “The Art of You” represents the many ways Pandora is a partner in helping to explore and craft a unique personal story to complement any style, every day.

This is a true reflection of Pandora’s mission for more than 30 years – to offer women across the world a beautiful universe of high-quality jewelry products at affordable prices, which combines the modern techniques for high-end jewelry production with centuries-old craftsmanship. Love, care and attention to detail are bestowed upon each hand-finished piece from start to finish that brings to life the brand’s Danish design legacy and artistry while inspiring women to collect, accentuate, layer and showcase their individual style.

“We believe The Art of You message will resonate with all women as jewelry has become much more than jewelry — it is an essential part of a woman’s ever-expanding desire to express her individuality and curate her authentic style,” says Charisse Ford, chief marketing officer, Pandora Americas. “The campaign does a beautiful job of illustrating all of the unique, high-quality, hand-finished pieces Pandora has to offer.”

Just in time for Mother’s Day, the campaign will be integrated across all marketing channels in the U.S. and Canada, including TV, print and digital advertising, public relations, social media and in-store activations.

All aspects of the campaign will highlight the Pandora affordable luxury collections, which include rings, earrings, necklaces, pendants and the signature charm bracelets.

Pandora’s team of expert jewelry craftspeople draw out the beauty of the high-quality metals and materials for which Pandora is renowned, such as different shades of 14k gold, sterling silver, gemstones, stones, cultured pearls, Murano glass and enamel.

Self-creators are encouraged to express and share their curated Pandora jewelry inspiration with hashtag #ArtOfYou on their social channels and explore the collections at Pandora.net.

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Swarovski Partners with the Oprah Winfrey Magazine

Swarovski has formed a partnership with O, The Oprah Magazine in celebration of the magazine’s 15th Year Anniversary.

Together with O, Swarovski will present two special edition covers for the May issue, of which fifteen limited editions will be created, featuring crystals: Oprah Winfrey wearing a custom dress with Swarovski crystals and a crystallized “O” shot against a crystal background.

To create the limited editions, over 1,500 crystals were delicately placed and applied taking six hours each. Over 55,000 crystals were used to create the special O cover featured in 25 colors, and 40 sizes and styles and valued over $20,000.

"With the traditional gift for a 15th anniversary gift being crystal, who better to partner with than Swarovski,” said O, The Oprah Magazine editor in chief Lucy Kaylin. “Their contribution was breathtaking."

Premier members of O’s Circle of Friends, an enhanced subscription offering exclusive perks, will enter to win one of fifteen special edition covers adorned in Swarovski crystals and signed by Oprah. These lucky winners will receive these special issues tucked inside a beautiful keepsake box with a personal note from Oprah Winfrey.

The 15th Anniversary “O List,” a monthly feature in O, The Oprah Magazine consisting of a selection of Oprah’s favorite items, will be dedicated to all things crystal and will include items sparkling with Swarovski crystals. Subscribers can enter to win the full May “O List” by following the directions linked to codes found throughout the publication and Oprah.com. Additionally, a 20% off coupon for Jimmy Crystal will be printed in the magazine and accessible to all readers.

Fifteen Swarovski boutiques will feature the sparkling limited editions for fans to get a closer look. The stores include Roosevelt Field, Garden City, NY, Rockefeller Center, New York, NY, The Shops at Columbus Circle, New York, NY, Fifth Avenue, New York, NY, Woodfield Mall, Shaumburg,IL, Westfield Old Orchard, Skokie, IL, Oakbrook Center, Oak Brook, IL, Shops at Northbridge, Chicago, IL, Water Tower Place, Chicago, IL, Lincoln Road, Miami, FL, NorthPark Center, Dallas, TX, Glendale Galleria, Glendale, CA, Fashion Square, Sherman Oaks, CA, The Grove, Los Angeles, CA.

Alexander Wellhoefer, Senior Vice President, Swarovski North America said: “Swarovski is delighted to join O, The Oprah Magazine in celebrating their dazzling milestone. We hope to help inspire readers by adding the Swarovski sparkle and brilliance to this special limited edition issue.”

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Private Museum Concept Gaining Traction

To house and display one priceless artifact or a thousand, a BUBEN&ZORWEG Private Museum assures serious collectors the ultimate joy from their most treasured possessions.

Two decades ago, BUBEN&ZORWEG began by creating what were then the smallest and the largest watch winders in existence.

Today, the BUBEN&ZORWEG Private Museum concept reflects the sheer diversity of the collections of the company’s longstanding and esteemed clients round the world.

“The BUBEN&ZORWEG Private Museum concept is about building a dedicated space, usually in the intimacy of your own home, for celebrating and contemplating, protecting and presenting your most treasured possessions,” says BUBEN&ZORWEG director Christian Zörweg.

“One aspect of this is creating an inspirational place to show these items off to your friends and family. Another universal priority for our clients is security, and in true BUBEN&ZORWEG style, we have thought of every eventuality. The BUBEN&ZORWEG Private Museum is fireproof, bulletproof and at times, thanks to two-way mirrors, invisible.”

A unique system created by BUBEN&ZORWEG, the first of its kind in the world, the BUBEN&ZORWEG Private Museum is constructed from modular sections of stainless steel and high security glass with complex lighting specifically designed for displaying collectibles, enabling clients to commission a museum tailored to their unique setting and requirements.

For some, this takes the form of an elaborate display for a standalone singular item, a priceless antiquity perhaps. For others, the museum is a gallery wall within a larger living space or library, while for yet others the museum is a room or sometimes two adjoining rooms dedicated to a family collection of objects acquired over centuries.

At once beautifully presenting and securely protecting personal treasures, the BUBEN&ZORWEG Private Museum places security concerns at its heart. The glass vitrines of the Private Museum come in three options - two-way mirror glass which only becomes transparent when the lighting is activated, 25 millimetre thick transparent glass resistant to up to 100 hits with a large sledgehammer and fire resistant glass.

A high security locking system, including a patented fingerprint locking system, has been developed by BUBEN&ZORWEG’s in-house safe experts and certified by the German authority for safe security, the VDS. Stainless steel walls are fire proof, while high tech laser grit offers additional security for when the glass window of the museum is open during viewing. An alarm can be integrated with the alarm system of the property.

“For some collectors, a treasure is more about personal memories and sentimental rather than financial value. What we know for certain is that anything our clients exhibit in a BUBEN&ZORWEG Private Museum is an expression of what they are truly passionate about,” says Chistian Zörweg.

For more information, see www.buben-zorweg.com.

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IDEX Online Polished Price Changes – April 9, 2015

by Danielle Max

After a number of weeks of price rises, there were a number of declines this week. The declines were seen in rounds below 1 carat, while smaller sizes of fancy cuts were similarly affected – as were 4- and 5-carat stones.

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-G / VVS1+, I / VVS2 down 2-4% and G / SI1 up 4.5%
  • 0.23-0.29 cts D-E / VVS2, G / VVS1+ and I / VVS2 down 2-3%
  • 0.30-0.39 cts changes including D-G / VVS1+ up 2-3.5% and D-F / SI1-2 up 2%
  • 0.40-0.44 cts changes including  E-F / VVS1+ up 3% and D-E / SI3 down 2-3%
  • 0.45-0.49 cts changes including J-K / VS1-SI2 up 2-3% and D-E / SI3-I3 down 2-5%
  • 0.50-0.69 cts changes including D-H / VS2+ up 2-3%
  • 0.70-0.79 cts changes including D-F / VS2+ up 2-3%
  • 0.80-0.89 cts H / IF up 3%, G / VS1 down 2%
  • 0.90-0.99 cts D-I / VVS2+ up 2-3%, J / I1 down 5%
  • 1.00-1.24 cts E-G / VVS2+ up 2-3%
  • 1.25-1.49 cts changes including H / VVS1 and I-J / I1 up 2-3%
  • 1.50-1.99 cts changes including D / VVS2 and G / VVS2-VS1 up 3% and I-VVS1 up 1%
  • 2 cts many changes including  E-J / VVS2-VS1 up 2-3%
  • 3 cts a number of changes including F / IF, H / VVS2+ and J-L / VS1 up 3%
  • 4 cts some positive changes including G-J / VS1-2 up 1-3%
  • 5 cts a few changes including J / VS1 and J-K / SI1-2 up 3%

Fancy Cuts

  • 0.18-0.22 cts D / VVS1 and VS1 down 3-4%
  • 0.23-0.29 cts D / VS1 up 3%, E-F / SI2 and I / VS1 up 4-5%
  • 0.30-0.39 cts a few changes including E, G and I / VVS1 up 2-3%
  • 0.40-0.44 cts changes including D / IF, H / VVS1 and F / VS1 up 2-2.5%
  • 0.45-0.49 cts D / IF up 3% and N / VVS1 down 4.5%
  • 0.50-0.69 cts D-H / VS2+ up 2-4% except F / VVS2 down 1.5%
  • 0.70-0.79 cts changes including D-H / VVS2 up 3% and F-G / I1 down 2-2.5%
  • 0.80-0.89 cts changes including D-E / IF and G-H / VVS2 up 3%
  • 0.90-0.99 cts changes including D-H / VS1+ up 2-4% except F / VS1 down 3%
  • 1.00-1.24 cts D-J / SI1+ up 1-4%
  • 1.25-1.49 cts changes including D-J / IF-VVS1 up 2-4%
  • 1.50-1.99 cts many changes such as G-H / VS1+ up 2-3%   L-N / IF down 2-3%
  • 2 cts positive changes including D-I / VS1+ up 2-3%
  • 3 cts changes including D-E / VVS2 up 1-3% and H / VVS2 up 3%
  • 4 cts E / VVS1 down 3% and G / VS2-SI1 up 3%
  • 5 cts D-F / VS2-SI1 down 2-3%
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White Pine Opens Office in Mumbai

White Pine Trading has launched a new office in Mumbai, its fourth globally.

In conjunction with the office opening, White Pine India’s 2015 diamond auction program commenced February 16-19 at the Trident Hotel BKC.

“Over 160 companies attended the event, translating into extremely positive results,” said Myles Schakler, White Pine’s Vice President of Diamond Sales. The company’s next India event is scheduled for April 6-9 at Trident Hotel BKC, with at least two additional sales to follow throughout the year.

The office will facilitate daily brokerage of White Pine’s recycled diamonds and supply from third-party clients in the United States and Europe, providing local buyers with faster access to diamond supply than ever before.

The new division will be led by Director Hardik Shah, formerly with Shrenuj.

Ben Burne, Chief Executive Officer of White Pine Trading, said, “The opening of the Mumbai office marks our fourth international location.

“We continue to focus on strategically augmenting our business and see significant growth opportunity in the region. Hardik’s knowledge of the local market and expansive network of contacts will be a tremendous asset to White Pine India.

“We are excited to be increasing our activity in India, a country where diamond buyers are eager to connect with our vast network of suppliers from across North America,” noted Schakler. “Based on the high level of interest we have already witnessed among Indian buyers, we anticipate an unprecedented turnout for our upcoming auctions.”

White Pine’s February auction in Mumbai marked the company’s first diamond event in India since 2013. The sale featured over 35,000 carats of melee diamonds, primarily used for manufacturing, and included a large variety of mixed and assorted parcels of all qualities, shapes and sizes.

For more information on White Pine India PVT LTD, contact Hardik Shah, Director, at +91 22 7498531167 or Sales@whitepinediamonds.com.

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GIA Reviews Sarine’s New DiaMension Axiom Platform and Instructor Software

Sarine Technologies has undergone an in-depth evaluation of its new DiaMension Axiom platform and Instructor software, performed by the Gemological Institute of America.

In light of these results, the GIA has completed the conversion from DiaVision software, verified and adopted by the GIA in 2010, to running Instructor on their DiaMension HD platforms.

The GIA has also ascertained the exceptional micron-level accuracy of the DiaMension Axiom, and is now conducting tests for its application in symmetry parameter grading, such as facets pointing.

Uzi Levami, Chief Executive Officer of Sarine, stated, “Sarine is exceptionally proud of its revolutionary DiaMension Axiom platform with single micron accuracy, unmatched by any other available system on the market, and by the GIA's adoption of our Instructor software as their standard Sarine software package for Cut grading.

”Our customers can now phase out the older DiaVision software, knowing that they will, with very high probability, get the same Cut grade as given by the GIA, provided that their hardware platforms are properly maintained.”

For more information about Sarine and its products and services, visit http://www.sarine.com.

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Simplex Diam Has Won the Bidding for Martin Ross Group Assets

Simplex Diam Inc. of New York has been selected the winning bidder in the bankruptcy auction of the jewelry inventory assets of the Martin Ross Group of Canada.

This includes the inventory of Libman Co and Master Designs, with a significant amount of certified Canadian Diamonds, Argyle Pink and natural fancy yellow diamonds.

There are 16,000 units of jewelry that range from $10,000 at wholesale and down to $500 at wholesale. Total deal value at wholesale is over $11,000,000.

The total value purchased by Simplex Diam, between the jewelry and diamonds from Martin Ross Group, is now over $16,000,000 at wholesale cost.

In December, Simplex Diam purchased the loose diamond inventory. There were 25 bidders involved.

The inventory contained in the winning lot included 6,000 carats of diamonds and was valued at about $5 million at wholesale prices. The majority of the diamonds are of Canadian origin.

Prior to the bankruptcy filing, the Martin Ross Group of companies included Libman Co. and Master Designs and was among the largest jewelry manufacturers in Canada.

Simplex will be re-distributing the jewelry and diamond inventory to retailers and wholesalers at trade shows and in their New York offices.

Interested parties can contact Simplex at http://www.simplexdiam.com/contact.

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GIA Exhibit Showcases Diamonds Featured in New Book

White and rose 18K gold necklace by Mouawad MENA DMCC with detachable brooch. A 48.99 total carat weight in white diamonds and a 22.90 total carat weight of pink diamonds. Image from the “Dreams of Diamonds” book.

Seven of the world’s finest diamond houses will showcase exceptionally rare diamonds and elaborate jewelry for a limited time in Southern California to coincide with the debut of “Dreams of Diamonds,” the largest book ever published on these sought-after gems.

Twenty-five diamond pieces – ranging from a pair of boots set with 1,527 carats of diamonds to a 50.05 carat D color, Flawless diamond briolette – make up the exhibit, which will be on view from April 29 through May 11 at Gemological Institute of America’s world headquarters in Carlsbad, CA.

“The creators of ‘Dreams of Diamonds’ were able to capture extraordinary diamond pieces in enchanting, ethereal settings,” said Terri Ottaway, curator of the GIA museum. “This exhibit is an ode to the wondrous world of diamonds and we’re fortunate to share the artistry of these seven diamond houses with the public.”

British photography and design duo Alastair Laidlaw and Christine Marsden combined their passion for nature and the arts with their love for the splendor of diamonds to create “Dreams of Diamonds,” a large-format book on diamonds that weighs more than 30 pounds and took six years to complete. Each image is itself a work of art, with beautiful diamonds and diamond jewelry in unusual, often dream-like, settings. The gems and jewels featured in their unique photos were provided by 12 of the world’s most prominent diamantaires and designers, seven of whom are loaning jewels for the exhibit at GIA.

Together, diamond houses Adler, Chatila, Chow Tai Fook, Diacore, Diarough, Mouawad and MUNNU The Gem Palace will showcase 25 of their noteworthy pieces. A total of more than 4,000 carats of diamonds will be on view at the GIA exhibit.

Many of the remarkable diamonds shown in the book have passed through GIA’s laboratory for grading and evaluation. “Dreams of Diamonds” will be on display in Carlsbad fromApril 29 through May 11. The Institute’s museum is free and open to the public Monday through Friday from 8 a.m. to 5 p.m.

Reservation is required. For more details, visit GIA’s website at www.gia.edu or call 800-421-7250.

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Pac Team Group Launches Chicago Facility

Pac Team Group has opened its first U.S. production facility in Chicago.

Since its inception as L’Atelier Borle in 1949, Pac Team Group (www.pacteam-group.com) has produced industry-leading point of sale pieces—including displays, packaging, shops-in-shops, retail fixtures, and exhibition stands—for watchmakers and other purveyors of fashion and luxury goods.

The new Pac Team Group location in Chicago joins an existing production facility in Dongguan, China, and a new exhibition and fixture facility in Turin, Italy. This unique global footprint allows the Lausanne, Switzerland-based Group to offer its global clients unparalleled consistency in their fixtures’ materials, quality, and production methodology, while providing scalable production options targeted to the demands of local and regional markets.

“This exciting addition allows our Group to provide our customers an even more comprehensive production strategy than ever before. By offering a North American alternative to our overseas manufacturing, we are able to better meet the various challenges our customers face, such as unique custom projects, short timelines, and the need for on-site support,” says Pac Team President Eric Zuckerman.

In order to provide its U.S. clients with the same high level of quality achieved at its other manufacturing locations, Pac Team Group arranged for its top European craftsmen to conduct intensive training in Chicago in the various skills the Group has mastered over 60 years. This includes everything from furniture fabrication techniques to the art of high-end fabric wrapping—a crucial skill essential to the presentation of goods ranging from small jewelry forms to case pads.

Prior to its official launch, the Chicago facility partnered with select existing clients on custom displays, pop-up boutiques, and exhibitions. Now, domestic production and the “Made in the U.S.A.” imprimatur will be available to all of the Group’s clients.

Pac Team Group will maintain its current North American headquarters in Paramus, New Jersey. Chicago was selected as the location of the firm’s first wholly-owned U.S. production facility due to its lower manufacturing costs, relative to the New York metropolitan area, as well as its central location, permitting expeditious access to clients and their retail locations across the country.

The opening of the Chicago location comes soon after the Group’s debut of Pac Team Expo Srl, a 135,000-square-foot facility in Turin, Italy, specializing in the production of exhibitions (Pac Team is one of the few official booth vendors for Baselworld), shops-in-shops and interiors for boutiques, museums, and hotels. Pac Team Expo Srl. employs a permanent team of 40 artisans, technicians, electricians, carpenters, decorators, and ceiling specialists and assemblers—a figure that triples during peak production.

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IDEX Online Polished Price Changes – April 3, 2015

by Danielle Max

The positive price changes of the past few weeks are beginning to tip slightly, especially in smaller sizes of rounds. Fancies are continuing broadly positive, with just a few price drops in a limited number of categories.

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

Fancy Cuts

  • 0.18-0.22 cts D / VS2 down 4%
  • 0.23-0.29 cts no change
  • 0.30-0.39 cts D / VVS2+ up 2-3%
  • 0.40-0.44 cts changes including D / IF up 2.5% and G / VS1-VS2 up 2.5-3%
  • 0.45-0.49 cts F-G / I1 down 4-4.5%
  • 0.50-0.69 cts many changes including D-I / SI1+ up 2-4%
  • 0.70-0.79 cts changes including D-F / VS1-SI1 up 1-3.5%
  • 0.80-0.89 cts changes including D-G / VVS1+ up 1-3%
  • 0.90-0.99 cts D-I / SI3+ up 1-4%
  • 1.00-1.24 cts J+ / SI2+ up 2-4%
  • 1.25-1.49 cts changes including D / VVS2+ up 2-3% and I-J / VVS1-2 up 2-3%
  • 1.50-1.99 cts many changes such as D-I / VVS2+ up 1-3%
  • 2 cts positive changes including I+ / VS2+ up 2-3%
  • 3 cts D and E / VVS2 up 3% and I-VVS2 up 1%
  • 4 cts E-F / VVS1 down 3% and E-F / VS1 up 3%
  • 5 cts D-F / VS2-SI1 down 3%, K / VS2 up 2% and L / SI1 up 3%
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Kairos Watches Partners with Sequel AG

Korean-American start-up Kairos Watches has formed a strategic partnership with Sequel AG, exclusive distributor of GUESS Watches and Gc Watches. Kairos Watches will be providing the smart watch technology behind the Hybrid Mechanical Smart Watch and the Kairos T-Band.

The proprietary Hybrid Mechanical Smart Watch brings together a Swiss or Japanese mechanical movement with a transparent LED display, allowing notifications to float above the mechanical watch movement.

With the T-Band, wearers need not get rid of their existing mechanical watches in order to have all the functions of a smart watch—the technology and smart watch components are integrated into the T-Band, which can replace the band of nearly any watch. Alongside the usual features of a smart watch, the T-Band is also a powerful fitness tracker, with all models sporting an optical heart rate sensor and motion sensors.

Kairos Watches is providing custom-designed T-Bands to fit specific models in Sequel AG’s range, so that users of these classical Swiss watches can enjoy the convenience of a smart watch alongside their untouched prestigious Swiss timepiece.

“As the worldwide license holder for the GUESS and Gc Watch brands, Sequel AG looks forward to exploring new concepts with Kairos,” said Cindy Livingston, President and CEO of Sequel AG. “It’s great to be associated with cutting edge partners in the new field of wearable technology on the wrist.”

“Mechanical watch enthusiasts who are interested in the convenience of a smart watch will soon be able to choose amongst an array of leading watch brands that embrace Kairos’cutting-edge smart watch technologies,” said Sam Yang, Founder and Managing Director of Kairos Watches. “GUESS Watches and Gc Watches feature a spectrum of designs and styles, ranging from classic, fashionable, and daring designs.”

More information about Kairos Watches is available at www.KairosWatches.com.

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Tourneau Appoints New Chief Marketing Officer

Tourneau has named Katherine Bahamonde Monasebian as Chief Marketing Officer and New Business Development.

In this capacity, Katherine will lead efforts to further evolve the brand, digital and retail marketing strategy ande-commerce channel, as well as capitalize on new growth opportunities.

Katherine’s executive career has been marked by accelerated business transformation and growth. Prior to joining Tourneau, Katherine served as Chief Marketing Officer and Executive Vice President of E-Commerce at Burch Creative Capital’s lifestyle brand, C. Wonder, and Head of E-Commerce at Juicy Couture and lululemon athletica.

In each capacity, Katherine spearheaded the build, launch and growth of the online channel and developed high-ROI,integrated marketing strategies that fueled profitable sales growth. Earlier in her career she held roles in strategic planning and finance at PepsiCo, Nike and Citigroup. As a change leader, she brings deep expertise in digital and omnichannel business strategies and brand development.

As Ira Melnitsky, CEO of Tourneau, attests, “Katherine is a highly accomplished, well-rounded business leader who has an impressive track record. We are pleased to have Katherine join our strong executive team and believe her contributions will be instrumental to our future success.”

Katherine earned her Masters of Business Administration from Harvard Business School and her undergraduate degree from Harvard University, graduating with honors. She was recently named President of Harvard Business School Club of New York (term commencing July 2015), an active organization with a long legacy, and the largest global network of Harvard Business School alumni. Katherine also currently serves as an Advisory Board Member to the Women in Retail Leadership Circle.

Throughout her career, Katherine has received several esteemed industry commendations for her business influence and achievements including Top 50 Women in Brand Marketing through Retail Online Integration Magazine in 2014 and Brand Innovators’ Top Women in Cross-Channel Retail and 40 Under 40 in 2013.

“As a longtime admirer of Tourneau, I am thrilled to be working with such a world-class retailer,” said Katherine. “I look forward to advancing the growth of this iconic brand and creating an exceptional digital and in-store experience for our customers.”

For more information, please visit Tourneau.com.

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Hearts on Fire Selects New Ad Agency

Hearts On Fire has selected TBWA\Chiat\Day New York as its new global advertising partner.

After being acquired by Chow Tai Fook Jewellery Group in June 2014, Hearts On Fire has demonstrated a greater emphasis on consumer marketing efforts worldwide, including increased media spend and, now, the development of a new brand advertising campaign which will debut globally in late 2015.

“We are thrilled to take this step with the TBWA team,” said Caryl Capeci, Chief Marketing Officer, Hearts On Fire. “We are increasing our investment in all consumer marketing efforts, both for the brand overall and to support our independent retail partners. Our new global advertising campaign will raise the visibility and create excitement for our brand worldwide.”

Commenting on the appointment, TBWA\Chiat\Day New York CEO Rob Schwartz said, “We found a kindred spirit with Hearts On Fire. They truly want to disrupt the status quo of the world of diamonds, and we are looking forward to working with them."

For more information, please visit http://www.heartsonfire.com.

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Jeweler Does $100K-Plus in Depressed Economy in 60 Minutes

Vernal, UT was a booming and thriving oil and gas producing economy a year ago, but lower gas prices have brought major layoffs, business closures and economic uncertainty to this town in the last 12 months.

Shane Oaks, owner of Seven Oaks Jewelers in Vernal, wanted to raise cash by selling old inventory but questioned if any marketing event or promotion could extract disposable income from this very depressed town.

Shane Oaks writes: “It went great! Yesterday we tendered right at $82,000 with about $10,000 due in the future. We still have about $9000 to finalize for loans on Monday.

“A couple of items were not ours, like a couple of big diamonds, but we still made some money on them. I think the cost of the two diamonds together were about 20K. Further, we have another pending diamond sale for $30,000!

“Our economy is in a bad situation right now. We are dependent upon the drilling industry and there isn't any drilling going on at this point with oil at $40 per barrel. This event gave our store a real boost,” says Oaks.

Seven Oaks jewelers used a combination of 5,000 direct mail pieces, FB posts, emails and some radio ads.

For more information on the copyrighted program used to hold this sale, contact James Porte at (954) 817-3911.

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Superfit Has New Canadian Distribution and Instillation Center

Superfit Inc. has announced its new Canadian Distribution and Instillation Center, Superift Canada, opening June 1, 2015.

Superfit Canada will be exclusively operated by Platinum Unlimited, of Toronto.

“For more than 20 years Superfit has seen prolific growth throughout Canada” said VP of Superfit Inc., Eric Alulis. “Reaching critical mass, an official physical presence will allow us to more efficiently service this robust market by easing the logistical issues presented by the international border.”

Superfit Canada will staff expertly trained technicians available to perform installations of the patented Superfit hinge mechanism, as well as provide maintenance and warranty services.

In 1990 three jewelers joined forces to create Platinum Unlimited Inc. Under Chris Knight’s leadership, they launched the new organization to provide Canadian designed and custom manufactured platinum and 18k gold jewelry of the highest quality.

Platinum Unlimited Inc. is Canada's number one designer and manufacturer of the finest quality classic and contemporary jewelry. Today, platinum Unlimited is run by president Chris Knight, operation manager and partner Richard Lowe, head designer and partner Rachel Tucker, and Larry Hall managing consultant and partner.

“We have experienced great success working with Superfit over the years.” Says Chris Knight, President of Platinum Unlimited. “It is a pleasure to align Platinum Unlimited with Superfit Inc. and offering what I consider to be the only custom fit option for my customers.”

Representatives from Superfit Canada will be available at the Superfit Inc. booth at JCK Las Vegas to get acquainted with Canadian accounts and share information about the cost savings and ease of working with Superfit products within Canada.

To learn more about Superfit Inc. visit www.superfitinc.com.

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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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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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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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Jewelry Industry Summit Scheduled for August in Chicago

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

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

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

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

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

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

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

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

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Artco Recommends Five Things to Consider Before Working With a Store Designer

Brick and mortar stores must find ways to engage better with their customers. The planning and design of your store is a key factor in the overall success of your business; with the right store plan, brands can directly communicate with their customers, "merchandise will sell itself when there is a great store design, but when it is wrong even the best product can sit on a shelf gathering dust" says Karen Estrada, Director of Luxury Goods at Artco Group!

The way your store is arranged and your display fixtures are placed can make a big difference; walls, flooring, primary and accent colors, fixtures, signage, wall striping etc, must work together to tell a single story. A mixture of human psychology, retail security, and design trends gives retail designers and store planners the necessary background to revitalize your store. if you are in the process of opening a brand new store or perking up your existing one, make sure to do your own research, establish a visual design , theme or concept, here are five things you should know before meeting up with your store designer, that will help you to get the best results.

1. Know your Brand

Your brand is the communication of a promise to your costumers, a promise on the quality of product, level of services and overall shopping experience. a successful business ingrains it's brand so clearly in all of its offerings that it becomes part of them, a simple icon, tone of voice or a design style will instantly affiliate with the brand. Think about your ultimate business goal, what exactly do you want to communicate to your costumers? What makes your product different and unique?. Effective branding influences costumers and encourage sales; it plays a huge role in the retail costumer jou. It’s been proven that design-driven brands such as Apple outperform their competitors commercially.

2. Know your Product

The service and presentation of your product is critical, merchandise must be at the core of your store plan and design project, therefore specific equipment such as fixture and lighting needs to be selected based on your product selection. Think of materials and colors that complement your product, signage, and other brand elements; keep in mind though that the true purpose of your fixtures is to house merchandise, you are not suppose to see them, try not to fall in love while searching for options, your product is the star, make it "shine". a store planner can also give you suggestions for enticing impulsive buyers and recognizing when is best to display a small selection of products versus packing shelves with merchandise.

3. Know your Customers

One of the biggest mistakes brands make when it comes to offer great shopping experiences is second guessing their customers. Do not make assumptions about your audience demographic , utilize collected data about your costumers; everything from age, income, location, emotional triggers and lifestyle choices, this would allow you and your store planner to come out with display ideas that would tap into your costumers psyche, effective displays appeal to the shoppers and can also drive them to convert. Retailers are incorporating new lighting and technology trends to attract new generation shoppers; bold neon lights and holograms, are some examples of new ways to excite your costumers. Also background music can dictate a mood, a special atmosphere, maybe a sense of mystery. Which of this can you incorporate to make your store engage with your costumers as soon as they walk in?

4. Know your Budget

Your budget should be clear and realistic from the beginning, financial misunderstandings can lead you and your store planner in the wrong track to unrealistic designs, this can cause delays and unfinished projects. consider investing in smart and convertible fixtures, standard fixtures make difficult to upgrade or even accommodate new products, smart fixtures are more expensive up front, but it will save you money in the long run do to their great flexibility. If your store has built-in fixtures and you want to get rid of them, notify you store planner beforehand since these have to be taken down. Since you’ve done your research, once the final plan drawings are done, avoid making changes, this may cause even more changes in the electrical, lighting and millwork plans. when many changes are made additional design and installation fees may apply.

5. Specific Requirements.

Professional store planners know that every single square foot of the retail sales floor has a job to do. Set specific goals, ask yourself what expanded, or represented features will create more sales, nobody better than you knows what needs to be improved inside your store, think about areas that get crowded, analyze your POS location; are you satisfied with the costumer flow? Maybe you should reconsider the floor sales layout? These are the examples of questions you need to ask yourself, every sales floor is different, your store planner needs to have this specific requirements in mind to be able to solve all the existing problems that your store may have.

Overall, retail designers and store planners are being paid to boost your sales. The best way to meet a design that meets you store, is by expressing your specific brand goals and desires. New generation shoppers are demanding products that demonstrate their individuality, therefore brick and mortar stores must deliver shopping experiences that challenge their customers perceptions. In the process of designing your store communication is the key, and by having these aspects in mind you will be able to clearly express your ultimate retail design goal and let your store planner respond to you with amazing proposals.

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Frederick Goldman Grows Portfolio of Patents for TRITON

Frederick Goldman Inc. has been granted three new patents by the United States Patent and Trademark Office, further expanding the portfolio of new, innovative patents that will be applied across its leading contemporary men’s jewelry brand, TRITON.

After four years of continuous research and testing, three new state-of-the-art patents utilizing high-tech coating with nano-technology have been approved by the US Patent Office. Frederick Goldman Inc. is leveraging this new technology throughout the TRITON jewelry collection, to provide a new level of durability, scratch-resistance, and hardness to the surface of its jewelry. The innovative patents will help sustain vibrant colors, and is also available in a white and black coating. It is with these types of new technology that Frederick Goldman continues to drive the contemporary metals category in general and the Triton brand specifically.

  • Multi-layer Patents: US 8,932,437 B2 & US 8,927,107 B2
  • Single-layer Patent: US 8,956,510

“This high-tech coating with nano-technology used in the three patents is cutting-edge, and we are looking forward to conducting further studies to expand upon our growing portfolio of patents,” says Andrew Derrig, Vice President of Technical Innovation, R&D. “Through leadership in advanced research of new materials and technology, we will continue to manufacture the best quality products for our TRITON consumers.”

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Forevermark Strengthens Retailer Support and Instore Experience

Forevermark has announced several new initiatives to provide added support to Forevermark retailers and enhance the in-store experience.

After a successful pilot program launched in 2014, Forevermark Focus, a regional training event designed exclusively for associates who interact with customers, will return this year. Currently, Forevermark has Focus workshops planned in New Orleans and Las Vegas.

The Forevermark Forum also featured a new Brand Zone Environment to all eligible retailers. The zones are flexible to meet retailers needs and have received positive feedback and sales results from early doctrines of the in-store offer.

Additionally, Forevermark announced the launch of an e-learning platform for authorized retailers and sales associates. Accessible through Forevermark's B2B website, the training modules are designed to increase knowledge and understanding of Forevermark and enhance selling skills through video, case studies, and assessments.

The first two modules, Introduction to Forevermark and Design and Innovationare currently available, with additional modules in development to be rolled out over the next several months.

Driven by Forevermark partner requests and to provide continued value for Forevermark retailers, an “’a la carte” Red Carpet in-store event concept was unveiled at Forum. These events aim to help retailers build relationships with customers, community influencers and press at a national and regional level, resulting in brand awareness and more Forevermark diamond sales.

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Disons Joins JewelCloud Network

Disons Gems is the newest diamond supplier to join the growing JewelCloud Jewelry network.

JewelCloud links diamond suppliers’ feeds and designer brand jewelry to a vast network of independent and retail jeweler websites.

Milan Mehta, President of Disons Gems said, "We are pleased to make available to Disons’ current clients our diamond feed by using the JewelCloud network.

“As well, we are happy that Disons Gems will now be marketed to JewelCloud’s large group of independent retailer jewelers’ websites hosted by GemFind.”

Disons Gems entire inventory will be available to be showcased to consumers on a local retailer’s website for those consumers searching for diamonds, yet desiring to purchase a diamond from a community based, local retail jeweler.

Alex Fetanat, President of GemFind stated, "Disons Gems has built their business over the past three decades on trust and transparency. We know Disons Gems takes pride in the diamonds and other products they offer and will strive to provide our independent retail jewelry members using the JewelCloud network, the best possible experience."

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IDEX Polished Price Changes for March 19

by Danielle Max

Polished prices continued their upward trend this week and continue to be more positive than we have seen for some time. Just a few isolated categories experienced downward movement, notably rounds below 0.5 carats.

Could the price bump from the recent Hong Kong show be continuing? It’s too early to say and we continue to wait and see.

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 H+ / VS1 up 2%-3%, D / IF down 2% and G+ / SI2 up 4%-5%
  • 0.23-0.29 cts J+ / VS1+ up 2%-4% except F / IF down 2%
  • 0.30-0.39 cts M+ / I1+ up 2%-5%
  • 0.40-0.44 cts N+ / SI2+ up 2%-4.5%, G-H / SI3 down 3%
  • 0.45-0.49 cts G-J / SI3-I2 down 3%-5% and K-M / SI2-I1 up 3%-6%
  • 0.50-0.69 cts L+ / SI2+ up 2%-4%
  • 0.70-0.79 cts a range of changes including K / IF-VVS1 and J-K / VS1 up 2%-4%
  • 0.80-0.89 cts some changes including K / VVS1 and K-M / I1 up 3%-4%
  • 0.90-0.99 cts some changes including D / VVS1-VVS2 and J / SI2-I1 up 3%-5%
  • 1.00-1.24 cts positive changes including D / SI1-SI2 and J-K / VS1 up 2%-3%
  • 1.25-1.49 cts E / SI1, J / VS2 and K / SI1-SI2 up 2%-3%
  • 1.50-1.99 cts K / VS2 up 4% and L / SI2 up 3%
  • 2 cts F / VVS1 up 3% and M / SI1 up 2%
  • 3 cts G / VVS1 up 3%
  • 4 cts no changes
  • 5 cts I / SI2 up 3% and D / SI2-SI3 down 2%

Fancy Cuts

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

India will showcase its finest gems and jewelry at the 17th edition of Baselworld, from March 19-26.

Indian Traders will share space with globally renowned luxury brands at the most coveted luxury show in the world, with over 150,000 visitors/buyers from across the globe expected to attend.

With exhibitors comprising of leading exporters and manufacturers of loose diamonds, gemstones and jewelry, the India Pavilion at Basel World will provide buyers a complete range of innovative and products. The focus is on greater and better quality. Indian gem and jewelry exports to Europe in 2014 stood at $4 billion.

Vipul Shah, GJEPC Chairman said, “Europe is undoubtedly a significant trade partner for India. Basel World is the optimum platform for India to create awareness for Brand India and interact with the key international players from across the globe. And every year, with the participation of India Pavilion, GJEPC aims at increasing the trade intensity towards India and enhancing the leadership position in the design arena. This year too, we will be showcasing some high standards of craftsmanship along with unmatched creativity and promote India as being the Ultimate Design Destination.”

At India Pavilion, hall no. 3.1 is dedicated to loose diamonds and gemstones, and hall no. 2.1 will showcase jewelry and India Palace.

This year, India Palace will showcases master pieces of jewelry from India that won the recently concluded Artisan Awards 2014, organized by GJEPC.

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Forevermark Partners with Diamond Asset Advisors

Forevermark has formed a partnership with Diamond Asset Advisors to introduce a Diamond Asset Service Program exclusively for Forevermark Jewelers.

Designed to address challenges faced by jewelers, the program will lead innovation in the diamond sector and increase value in the Forevermark offer for small business owners around the country.

With a simple application process, the Diamond Asset Service Program allows Forevermark partners to obtain Forevermark diamonds on advantageous cash terms.

Retailers have the flexibility to add inventory quickly at peak selling periods, carry larger diamonds, and broaden their selection of diamonds without the heavy capital outlay up front. The cost of the diamond becomes payable only when it is sold, but it may also be repaid earlier with no penalty. Rates are transparent and competitive.

Unlike other diamond brands and generic diamonds, DAA chooses to partner with Forevermark because the diamonds are offered and graded by the De Beers Group of Companies. In addition, the promise that comes with each Forevermark unique inscription adds confidence to the quality and value of the diamond.

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Forevermark Program Facilitates E-Commerce for Retailers

At its 2015 Forevermark Forum, Forevermark announced a facilitated e-commerce pilot program that allows retailers to capture a full return on their profit margin — the first program of its kind in the diamond industry.

The facilitated e-commerce program provides the flexibility for authorized partners to be wherever the Forevermark customer shops, whether online or in store.

While increasing numbers of consumers are starting their jewelry shopping online, only seven-percent of diamond jewelry acquisitions are purely online, with no in-store visit. Brick-and-mortar continues to remain the most essential stage of the customer buying journey.

Forevermark e-commerce allows retailers to exponentially grow their range of designs and sizes to match the full product offer on Forevermark.com. Customers pulled into store through an online purchase allow the Forevermark retailer to act as the showroom and a useful resource for supplemental services.

Forevermark US President Charles Stanley said in address at the Forevermark Forum, “The dynamics of buying jewelry have changed. Forevermark offers its authorized partners tools to stay ahead of the curve, through a unique value-driving proposition, evolved marketing and public relations campaigns, proprietary insight into this changing landscape through extensive research, and now e-commerce. Together we are breaking the notion that consumers buy online for price. E-commerce is the next step in our endeavor to bring profit back to independent jewelers and create value to consumers – keeping the diamond dream alive.”

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JFC Guarantees Runners in Chicago Marathon

Jewelers for Children has guaranteed entries for the 2015 Bank of America Chicago Marathon to be held on October 11.

This means that runners participating in the Chicago Marathon can not only run in one of the Abbott World Marathon Majors, but they can raise funds for JFC at the same time.

The Bank of America Chicago Marathon annually attracts participants from across the country and around the world. The Chicago Marathon has more than 10,000 runners supporting 172 charity organizations. Since 2002, more than $ 115 million has been raised for those charities.

Participants in the Bank of America Chicago Marathon can select to raise funds for Jewelers for Children. As an affiliate charity, JFC has access to five guaranteed entries that will be given on a first-come, first-served basis to registrants who sign up with the charity.

Runners who guaranteed spot in the Marathon, or those that secure a spot during the lottery period, running from March 10, to April 21, can build a Jewelers for Children fundraising page and ask their family, friends, and acquaintances to support their effort by donating to Jewelers for Children.

All participants are being asked to raise at least $ 1,000 for JFC and will be required to meet all the eligibility and participation requirements of the Bank of America Chicago Marathon. Anyone interested in participating can find all the information on the organization’s website at www.jewelersforchildren.org or by contacting JFC.

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Two of KGK Group’s Ventures Awarded in Mumbai

The Entice team at awards ceremony in Mumbai

Two of KGK group’s ventures were awarded with prestigious awards at recently held award functions in Mumbai.

At National Jewellery Awards 2014-2015, the Bengaluru boutique of Entice, the retail arm of the group, received the award as ‘Best Single Store of the Year – South.”

The doors of the winning boutique were opened in December last year in Bengaluru, which was inaugurated by actor/director Dia Mirza. The award show was held in ITC Grand Maratha on February 21. Jitender Jain, CEO of Entice, received the award on behalf of the entire team.

KGK Creations, the jewellery manufacturing division of KGK group, was honored with the esteemed “Outstanding Jewellery Manufacturer- 1st Runner Up” award at The Artisan Jewellery Design Awards in February.

This honor has been given for the brilliance in the Manufacturing division. Designer Himani Harish was the person behind this marvelous creation. The winning piece was a spectacular ring which was a creation inspired by "100 years of Indian Cinema". The designer, Himani Harish received the Avant Garde award along with Jitender Jain, CEO of Entice, at the grand ceremony.

Jai said, “We are proud to receive the awards for the Best Boutique in South as well as the most Outstanding Jewellery Manufacturer as both the awards motivate us for creating better, both in terms of jewellery designs and customer’s experience. Receiving them is an honor and we are committed to give our best towards our passion for creating the immaculate jewels, which lasts till eternity”.

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Hawaii Jewelers Association Partners with Make-a-Wish

The Hawaii Jewelers Association has partnered with Make-A-Wish Hawaii after selecting the local nonprofit as their charity of choice, involving the association’s statewide members with the Make-A-Wish mission.

The HJA, under the new leadership of co-executive directors Sophia Makaimoku-Young and Bernard Nunies, is an affiliate of Jewelers for Children, an international organization dedicated to uniting charitable giving efforts of the jewelry industry to children in need. Make-A-Wish has benefitted from this organization on a national and international level, but now the effort has moved in locally to further support wish kids in Hawaii.

“We are excited to renew our relationship with Make-A-Wish Hawaii in support of our industry-focused charity, Jewelers for Children. Aside from financial contributions, it is our goal to have a more active role in our community through unique efforts in supporting local Wish children,” Nunies said.

On Friday, the HJA launched this local partnership by hosting a celebratory send-off for Honolulu Wish Kid Gabrielle, 16, battling cancer. HJA Member Hawaii Estate & Jewelry Buyers presented Gabrielle with a donated pair of platinum earrings featuring .50ct diamonds from The Diamond Guy, sending her off in style before her Saturday departure to England – a long-awaited wish trip after plans to travel sooner were postponed from a collapsed lung requiring surgery.

Gabrielle’s wish to England is being sponsored by Jewelers for Children, which has granted Make-A-Wish Hawaii funding to help cover the costs of the trip. Gabby was born in England, but moved to Hawaii when she was young; her one true wish is to see where she was born. While in London, she is looking forward to sightseeing and touring The London Eye, London Bridge, Tower of London, Big Ben, and the London Dungeons.

“We rely on innovative partnerships to not only raise needed funds for local wishes that we grant like Gabby’s, but also to make each wish - whether for a local child or a visiting child - something truly magical to treasure forever,” said Make-A-Wish Hawaii President and CEO Siana Austin Hunt. “We are so grateful that local jewelers in Hawaii have aligned with us to add this special touch of aloha to our wish experiences.”

In addition to Gabby’s wish, HJA member Opal Fields has offered to host two upcoming in-store jewelry experiences for Kayla and McKenzie, who are coming on their wishes to see Hawaii from Tennessee.

“We look forward to supporting Make-A-Wish Hawaii as our charity of choice along with the thousands of people that are impacted by these wish experiences each year,” Makaimoku-Young added.

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Jorg Gray Promotes James Schaefer to Head Global Sales

James Schaefer, new global sales manager for Jorg Gray, will be representing the brand at this year’s Baselworld show, March 19-26.

Jorg Gray has promoted James Schaefer to global sales manager.

Schaefer will be responsible for the brand’s product development for both international and domestic markets.

Schaefer joined the company in 2014 as regional sales manager, and quickly proved his ability to execute profitable sales through specialized customer relationship management techniques and systematic marketing strategies.

His discerning eye for craftsmanship within the luxury market and knowledge of sophisticated timepieces, diamonds and fashion apparel, has guided him through 17 successful years leading luxury sales efforts, product development and training at Salvatore Ferragamo, Louis Vuitton, Harry Winston, Cartier and Tiffany & Co.

Schaefer’s proven track record for building cohesive and robust sales and operations teams — heavily focused on client relationships, networking and customer service strategies— will greatly contribute to his new role and the company’s recent expansion as a global luxury brand.

Schaefer will be representing the brand at this year’s Baselworld show, March 19-26, where Jorg Gray will be exhibiting its newest collections at Booth A31 in Hall 2.0. For additional information, or to schedule media interviews, please contact Adriana Cone at (949) 733-8679 or email adriana@beyondfifteen.com.

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New Savor Silver Website Emphasizes Functionality

The Silver Promotion Service has relaunched its main digital presence, www.savorsilver.com.

The newly reconfigured, mobile-responsive SavorSilver.com showcases a growing number of the world’s leading silver jewelry designers and their creations with an interactive catalog along with other relevant and interesting silver-related content. Visitors to the site are now able to discover silver designers, as well as explore the various trends and the latest silver jewelry styles.

The new comprehensive cross-brand silver jewelry catalog allows for easy ‘sharing’ on various social media platforms. The increased social functionality will be a key factor in increasing consumer visitors to the site and creating a digital community of silver jewelry enthusiasts. The redesign was executed and powered by OPT, the jewelry and watch industry’s leading omni-channel digital web developer and source for product data, marketing/branding content, and tools designed to drive sales.

As the ‘go-to’ digital destination for silver jewelry, the website contains featured silver stories, the latest in style and trend information, and is a comprehensive resource for silver jewelry information. For Savor Silver visitors, the site is now a powerful tool for consumers to learn and inquire about individual brands or specific pieces. Savor Silver brands now have a comprehensive digital marketing vehicle for reaching the consumer. Additional capabilities to help brands and retailers drive leads and in-store traffic are currently in development.

Commenting on the new Savor Silver site, Michael Barlerin, SPS Director said, “I could not be more pleased about what the new website offers both current and future designer and brand participants – and their retailers – that are part of the Savor Silver program. It also represents the first comprehensive step that the SPS has taken to actively engage in a dialogue with consumers about the exceptional attributes of silver jewelry.”

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Diamond Empowerment Fund Backs Indian School

Prime Minister Modi, then Chief Minister of Gujarat, at the opening of the Veerayatan Institute of Pharmacy.

The Diamond Empowerment Fund has approved a $50,000 grant to Veerayatan in Mumbai, the first educational institution in India to receive funding from D.E.F.

Veerayatan was chosen because of how its innovative approach to education improves the quality of life for its students.

“Veerayatan is a model for encouraging the development of responsible citizens who are educated, have strong integrity, and a motivation to give back to their community”, says Sadhvi Shilapi ji.

”Veerayatan epitomizes the convergence of excellence in education with holistic sustainable development. This institution is making a positive transformative difference in India”, says Dr. Benjamin F. Chavis Jr., Senior Strategic Advisor for the Diamond Empowerment Fund.

Chavis, along with D.E.F executive director Nancy Orem Lyman and diamantaire Dilip Mehta, D.E.F. board member and CEO of Rosy Blue met with officials of the school and saw first-hand how the Veerayatan approach to education was making a difference in the quality of life of thousands of students.

At a welcoming ceremony for the Diamond Empowerment Fund, students from the Veerayatan College of Engineering, College of Pharmacy and College of Business Administration gave their inspiring stories of overcoming adversity with the promise and opportunity of a quality higher education.

Mehta, moved by the intensity and passion of the students, made an on-the-spot commitment to match D.E.F’s donation to the school for this year and all subsequent years, bringing the total donation to $100,000 in 2015. “I just felt in my heart…and my mind…that this was the absolute right decision to make. Empowering young people from diamond communities through access to higher education has been D.E.F’s mission from the beginning. What bigger community than that found in India where 9 out of 10 diamonds in the world are cut and polished,” says Mehta.

Two students from Veerayatan will make the journey to D.E.F’s Diamonds in the Sky Las Vegas event on May 28th to celebrate the importance of education and to salute the Global Achievement of Prime Minister Modi, the Government of India and the people of India, who are being honored by D.E.F at the event.

“I couldn’t be more thrilled to welcome this very deserving organization as the Diamond Empowerment Fund’s first beneficiary in India,” says D.E.F. board president Phyllis Bergman, “Diamonds truly do good”.

Veerayatan joins existing beneficiaries, African Leadership Academy, Botswana Top Achievers Program, and CIDA City Campus.

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Jewelers of America Applauds Introduction of Marketplace Fairness Act of 2015

Jewelers of America welcomes the United States Senate’s introduction of the Marketplace Fairness Act of 2015 (MFA) and supports ongoing bipartisan efforts in the Senate to pass e-fairness legislation. The association continues to fight for the legislation, which would close an Internet sales tax loophole that has hurt traditional jewelry businesses.

“Jewelers of America applauds the Senate introduction this important legislation that keeps the momentum on this critical issue alive,” says JA President & CEO David J. Bonaparte.

The Marketplace Fairness Act gives states the option to require the collection of sales and use taxes already owed under state law by out-of-state businesses, rather than rely on consumers to remit those taxes to the states. Currently, brick-and-mortar businesses collect sales and use taxes from customers who make purchases in their stores, but many online and remote retailers do not. If passed by both chambers of Congress and enacted into law, the measure would give states the option to require the collection of these taxes by out-of-state sellers if the state simplifies their sales and use tax systems. The Senate passed a previous version of the bill in 2013.

Jewelers of America is a longtime proponent of sales tax fairness, supporting efforts to enact legislation on the federal and state levels. The association has been guided in its efforts by its legislative counsel, Washington D.C.-based Haake & Associates. Jewelers of America is also a member of the Marketplace Fairness Coalition, a group of businesses and associations that support e-fairness. This is one of the issues that JA keeps front-and-center for legislators through the Jewelers of America Political Action Committee, JAPAC – the only PAC that supports the fine jewelry industry in Washington, D.C.

Those interested in this issue and others affecting jewelry businesses can use Jewelers of America's Legislative Advocacy Center, at www.jewelers.org/advocacycenter, to easily contact their representatives via email and urge them to support sales tax fairness today.

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Jewelers Mutual Reminds that Jewelry Needs Spring Cleaning, Too

With the retail jewelry business “taking a breather” between the busy seasons, now is the time to remind customers their jewelry needs some spring cleaning, too. Much like an annual medical check-up, an annual professional jewelry cleaning and inspection can prevent problems before disaster strikes.

The benefits for the customer are obvious – their jewelry is restored to like-new condition and ready for daily wear. For the jeweler, the benefits from annual cleanings and inspections can be just as important. This service, which is often complimentary, brings the customer into the retail location. It provides customers the opportunity to look at other merchandise and gives jewelers the chance to talk about the importance of having jewelry appraised and insured.

“This is an excellent chance to reconnect with your customers,” said Michael Calabresa, director of business development for Jewelers Mutual Insurance Company. “Talking with your customer and asking them questions is as important as examining the jewelry itself. It lets them know you care about their satisfaction and will provide some insight to the kinds of wear and tear their jewelry might undergo on a daily basis.”

While you’re talking with customers about their jewelry, discuss the status of their jewelry appraisals, mentioning the importance of getting an appraisal and keeping it up to date. “Because of the volatility of the metal and gem markets, we recommend appraisals be updated every couple of years,” Calabresa added. “If jewelry is lost, damaged, or stolen, and an insured customer has to make an insurance claim, the piece may not be covered for the full value unless a recent appraisal was done and insurance coverage adjusted accordingly.”

Another important topic for this annual check-up is jewelry insurance. “We find many people – especially in the case of young couples with engagement rings – don’t even know jewelry insurance exists,” Calabresa continued. “Or they assume their jewelry is covered under a renter’s or homeowner’s policy without looking into the coverage specific to jewelry, which may impose limits. A personal jewelry policy from Jewelers Mutual was specifically created with customers in mind. It ensures if jewelry needs to be repaired or replaced, it will be indistinguishable from the original, and they’ll be able to work with their jeweler of choice to get the job done.”

Earlier this year, Jewelers Mutual announced expanded coverage to its personal jewelry policy to include the following preventive repairs:

  • Prong retipping
  • Repair of broken, worn or bent prongs
  • Clasp replacement
  • Restringing of broken or stretched pearl strands
  • Stone tightening
  • Repair of broken earring posts

Calabresa explained that Jewelers Mutual’s broadened coverage for repairs helps policyholders by providing additional support to the jewelry industry. Last year, Jewelers Mutual delivered $28 million to the industry from personal jewelry claims for repair or replacement work. “As we send policyholders back to their trusted jeweler for preventive repairs, we continue to help support the jewelry industry.”

Make it part of your spring cleaning ritual to contact your customers and invite them in for a spring jewelry cleaning and inspection. This small task can build customer loyalty by helping prevent a larger, more painful jewelry loss, while growing your business and keep your customers buzzing about your store and services.

For more information about jewelry insurance for your customers and Jewelers Mutual programs for jewelers visit JewelersMutual.com, contact a Jewelers Mutual sales manager at 800-558-6411, ext. 2118 or Marketing-PJ@jminsure.com.

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Fairmined Gold Gains New Ground in the U.S.

In the Peruvian desert, lies a small gold mining town by the name of Relave. Families here have depended on small-scale mining since the 1980’s when economic hardship and conflict drove numerous families to settle as informal miners. Starting out without basic infrastructure, they worked the tailings left by previous large-scale international mining operations and managed to transform their challenging situation over the years.

Relave is now a 4,000-person town and an international exporter of ethical gold and silver. These achievements are mainly the fruit of the hard work, vision and commitment to responsible mining of the AURELSA Company that in 2012 obtained Fairmined certification. As a certified Fairmined organization, AURELSA has been able to export at a fair price and make important improvements to their mining organization and in the community.

Now thanks to Virginia based eco-friendly refiner Hoover and Strong, supporting responsible miners in AURELSA has never been easier. Led by the demand of jewelers of the organization Ethical Metalsmiths, the company began offering Fairmined gold to its clients in 2013 on demand.

Since then, interest in ethical gold has been rising steadily and Hoover and Strong now offers a stock of Fairmined gold and silver to customers interested in supporting responsible artisanal and small-scale miners.

“We are proud to play an integral part in the Fairmined initiative. With the support of Ethical Metalsmiths and participating jewelers, certified mining communities like AURELSA will be able to improve the lives of their communities significantly due to the generation of more wealth and improved working conditions.” said Torry Hoover, President of Hoover & Strong.

Fairmined, created by the Alliance for Responsible Mining (ARM) certifies gold and silver from responsible Artisanal and Small-Scale Mining Organizations who meet world leading standards for responsible practices.

"Thanks to our recent updates to the Fairmined model, businesses of all shapes and sizes can now support certified Fairmined mines. We are thrilled by the commitment which Hoover and Strong has made which clearly shows their leadership in the U.S. jewelry and refining industry” said Kenneth Porter, Fairmined Business developer in the Alliance for responsible Mining.

Hoover and Strong offers Fairmined casting grain, sheet and round wire in 14K Yellow, 18K Royal, 24K Yellow, Sterling Silver and Fine Silver. For more information or to place an order at Hoover and Strong, please visit www.hooverandstrong.com. For more information on Fairmined, go to www.fairmined.org.

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IDEX Polished Price Changes for March 12

by Danielle Max

There was a great deal of movement this week, with the shift in prices tending much more to the positive than we have seen for some time.

Despite reports from Hong Kong that trade was not exceptional, the show seems to have created the rise in prices that we tend to see before an important trade show. Now we have to wait and see if this price rise is real and sustained, or if it was just another pre-show “bubble.”

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

Fancy Cuts

  • 0.18-0.22 cts D / VVS2 up 4%
  • 0.23-0.29 cts D-E / VVS2-VS1 up 3%, G / VVS2-VS2 up 3%-4% and I / VS2-SI1 up 5%
  • 0.30-0.39 cts positive changes including D / VVS2+ up 2%-4% and J / VS2 up 5%
  • 0.40-0.44 cts changes including D / VVS1-VVS2 up 3%-4% and J-K / SI2 up 5%-6%
  • 0.45-0.49 cts a number of positive changes including D / VVS1-VVS2 and J-M / IF-VVS1 up 3%-4%
  • 0.50-0.69 cts D-H / VVS2+ up 3%-4%
  • 0.70-0.79 cts many changes including D-E / SI2+ up 2%-3%, G / I1 down 2%
  • 0.80-0.89 cts positive changes including D-E / IF and H / IF-VVS1 up 3%
  • 0.90-0.99 cts G-H / VVS1+ up 2%-4%, I+ / VS2-SI2 up 2%-3% and F-H / I1 down 3%
  • 1.00-1.24 cts J+ / SI2+ up 2%-4% except I / VS1 down 2%
  • 1.25-1.49 cts some changes including D / VS2+ up 2%-3% and H-I / IF-VVS1 down 2%-3%
  • 1.50-1.99 cts almost all positive changes including I+ / IF up 3%, L+ / SI1-SI2 up 2%-4%. J / IF down 3%
  • 2 cts many positive changes including G+ / VVS2+ up 3% and J+ / SI1-SI2 up 2%-3%
  • 3 cts F-J / VVS2+ up 1%-3% and I / I1 down 2%
  • 4 cts G / VS2 down 3% and I-J / VS2 up 3%
  • 5 cts D-F / VS2-SI2 up 3%, L / SI1 down 3%
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CSARITE Sponsors Ethical Metalsmiths Gardens of Gold Auction

Milenyum Mining has announced that CSARITE is a 24-Karat Level sponsor of Ethical Metalsmiths Gardens of Gold auction, being held to celebrate Ethical Metalsmiths’ 10th anniversary.

In additional support of this exciting event, MML has also donated an 8.36-carat, oval cut CSARITE to the online auction.

Gardens of Gold is a unique, two-part fundraising event. Starting March 10, 2015, Ethical Metalsmiths will launch an online, public auction of beautiful and intriguing items, with bidding taking place through 9 p.m. EST, Saturday, April 11, 2015. Auction items will be exhibited at Linhardt Design, 211 Mott Street, New York, NY from April 7 – 11th, which will also be the location of a special cocktail for sponsors, EM members and guests on Wednesday, April 8th.

“Being a single source, responsibly mined gem, CSARITE is thrilled to be able to support the ongoing efforts of Ethical Metalsmiths through this sponsorship,” stated Murat Akgun, president of MML and Csarite.

“With its controlled and traceable pipeline, CSARITE fits perfectly with Ethical Metalsmiths’ mission to encourage jewelers to become informed advocates for responsibly sourced materials used in jewelry making.”

Visit www.csarite.com for additional information.

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Angélique de Paris Launches Tropiques Collection

Angélique de Paris has launched their new Tropiques collection of turquoise and coral pieces.

The new collection is a sensory experience of the marriage between coral and turquoise, unique gems, magnificent designs and innovative materials such as shagreen, python, vibrant leather and exotic woods.

“Jewelry is an art form that reflects the wearer and the uniqueness of natural gems,” said designer Angélique Knafo. “I seek the most flattering colors, cuts and gemstones to bring out a woman’s beauty”, says Angélique.

“A gradual shift is the jewelry industry has revolutionized as women invest and purchase their own jewelry and consequently collect a wardrobe of jewels to match their many moods and outfits”, notes Angélique.

For more information see www.AngeliqueDeParis.com.

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International Gemological Institute Trains Young Gemologists

The International Gemological Institute recently organized a special kids-oriented seminar – “Young Gemologists” – for the students of Oberoi International School in Goregaon, Mumbai, aimed at familiarizing young aspirants with the world of gemology.

Drawing participation from more than 100 students ages 10-14, in different groups, the hands-on workshop provided an enriching platform to learn gemology principles and attain in-depth knowledge on origin, formation, composition and value. The participants were individually guided by IGI faculty and exposed to several varieties of colors in gemstones, as well as gemstones related to the 12 zodiac signs.

According to IGI faculty, the children were “mesmerized” when given a chance to witness these gems and minerals in various colors and sizes, and actively participated in a quiz/contest that followed the workshop. The program also highlighted the Institute’s world-renowned certification and grading processes, thus educating the children about the importance and benefits of certification.

Speaking on the occasion, Mr. Tehmasp Printer, managing director, IGI India said, “Curiosity is the best teacher, and with our “Young Gemologists” course, we intend to spark the right interest in the minds of young kids about the vast field of gemology. The future of gemology in India, and the world over, is grand and an early interest in exploring this as a career opportunity is an option we should offer aspiring children.”

Printer continued, “Our course aims at imparting the knowledge needed to make kids aware and alert, not just for a career in gemology, but also against fraudulent and misleading elements in the market.”

For further details about IGI courses, see indiaeducaation@igiworldwide.com.

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Sinesio is New GM of Todd Reed Flagship

Anjanette Dienne Sinesio is the new GM of the flagship Todd Reed store.

​Anjanette Dienne Sinesio, former President and Creative Director of Diamond in the Rough, has joined the Todd Reed team as General Manager of Reed’s flagship retail boutique on Abbot Kinney in Venice, CA.

Sinesio brings to the position a passion for raw diamonds, which she developed during her years as President and Creative Director of Diamond in the Rough, a rough diamond brand best known for its affiliation with Bergdorf Goodman. She brings a wealth of knowledge in Marketing, Sales, Management, and Business Development to Todd Reed, Inc. along with her shared enthusiasm for – and understanding of – raw diamonds.

“When I first introduced raw diamonds to jewelry, they were unknown to the fine jewelry buyer,” says Todd. “To recruit a highly qualified business person who also has significant experience in raw diamonds is a tremendous opportunity for us.

“It’s always so rewarding to me to cultivate a love for raw diamonds with someone, whether that person is a customer, an employee, or a fellow artist. With Anjanette, she brings an already-honed love for and experience with raw diamonds to the team. I’m looking forward to working with her.”

Reed’s retail boutique on Abbott Kinney opened to the public on September 27, 2014, and has already earned an enthusiastic clientele.

According to Todd, “We created an environment that reflected our artisan roots but with a nod to this incredible Venice lifestyle that combines fashion and design with authentic beach living.” The 6,000 square foot space includes a retail environment, production facility, and jewelry design studio on the first floor. On the second floor is a dedicated bridal salon and an outdoor atrium with seating, and the top floor has been designed as living quarters for an artist in residence.

According to Amy Ash, General Manager of Todd Reed, Inc., “We’ve only been on Abbot Kinney for a short time, and the store is already thriving. Anjanette is just the right person to help us take the store to the next level.”

More information about Todd Reed is available at toddreed.com.

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Antwerp Diamond Pavilion Among Largest at Hong Kong Show

From March 2-6, the Antwerp Diamond Center hosted 109 leading diamond traders in the Antwerp Diamond Pavilion at the 2015 Hong Kong Diamond, Gem and Pearl Show. It was the second year the traditional Hong Kong March fair features a separate loose stones venue. In its first year, the show attracted over 32,000 professional buyers from around the world, marking its emergence as one of the most successful shows in the industry.

Considering that Hong Kong remains the #1 destination in the world for polished diamonds, with a market that is second in value only to the United States, this show is highly important to Antwerp diamond companies. Representatives from businesses of all sizes had a tremendous variety of loose stones on display at an extremely favorable price/quality ratio.

Although the Chinese Government has lowered its growth expectations for 2015 to 7 percent and the Chinese New Year had just ended, the show appeared to be the ideal opportunity to maintain good relations and establish new contacts.

Santosh Kedia from Kediam said, “If you can offer customers attractive prices and have the right contacts, the Hong Kong trade fair in March is still the perfect opportunity to do good business.” Mike Akiki from Antwerp Cut, specialized in fancy color diamonds, adds, “Potential buyers do not come here specifically to replenish their stocks, but to make the right contacts so that they immediately know who to talk to when they need a customized order. Hong Kong in March is therefore the ideal platform for maintaining existing contacts and for making new contacts.”

Despite the less favorable economic outlook for the coming year, Hong Kong remains one of the premier marketplaces for diamantaires. With the Chinese market for diamonds expected to double in the next 10 years, the future looks very bright, and the Antwerp diamantaires want to have their networks in place when that happens.

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IDEX Polished Price Changes for March 6

by Danielle Max

There was a lot of movement across the board this week when it came to changes in the price of polished diamonds. While there were a number of changes downwards, there was more upwards movement than we have seen in quite some time.

Round stones under 1 carat saw plenty of positive shifts, with prices increasing by as much as 6 percent in certain categories.

There was also plenty of decent movement in the fancies, with stones under 0.5 carats showing decent positive movement, again by as much as 6 percent in isolated categories.

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

Rounds

  • 0.18-0.22 cts D/ VS2 up 3%, D / SI1-SI2 and I1 up 3%-5%
  • 0.23-0.29 cts H / SI2 down 4%
  • 0.30-0.39 cts a few changes, all positive, including D / IF and I / VVS2 up 3%
  • 0.40-0.44 cts some changes, all positive, including D / IF up 2% and H-L / VS2-SI2 up 2%-3%
  • 0.45-0.49 cts D-F / IF-VVS1 up 2.5%-3%
  • 0.50-0.69 cts J / IF up 3%, H-I / SI2 up 2%
  • 0.70-0.79 cts some changes including H / I2-I3 down 3%-4% and K-L / I1-I2 up 4%-5%
  • 0.80-0.89 cts H-I / I2 down 3%, KLM / I1-I2 up 4%-6%
  • 0.90-0.99 cts H / VVS1 up 3%, J / I1 up 5% and K / SI2 down 4%
  • 1.00-1.24 cts no change
  • 1.25-1.49 cts H / SI2 down 3% and L / VS1 down 2%
  • 1.50-1.99 cts D / VVS2 down 3%
  • 2 cts M / SI2 down 2%
  • 3 cts no changes
  • 4 cts E-F / SI2 down 3%
  • 5 cts D-E / SI2-I1 and J / IF-VS1 down 1%-3%, K-L / VS1 down 3%

Fancy Cuts

  • 0.18-0.22 cts F / VVS1 down 4%
  • 0.23-0.29 cts I / VS2-SI1 up 6%
  • 0.30-0.39 cts some changes, all positive, including D-E / IF up 3% F / VS2 and SI3-I1 up 3%-5%
  • 0.40-0.44 cts no changes
  • 0.45-0.49 cts a number of changes, all positive, including G / VS1 up 2.5% and L-N / IF-VS2 up 4%-5%
  • 0.50-0.69 cts H / VS2 down 2% and J / SI3 down 4%
  • 0.70-0.79 cts H / VVS2 down 3%
  • 0.80-0.89 cts I / I2 down 4%
  • 0.90-0.99 cts F / IF down 3%
  • 1.00-1.24 cts D / IF up 3%
  • 1.25-1.49 cts D / IF and H / IF up 3%, I / SI3 down 3%
  • 1.50-1.99 cts a few changes including D / IF up 3% and G-H / I1-I2 down 3%-5%
  • 2 cts I / IF-VVS1 down 3%, J / IF up 3%
  • 3 cts changes both up and down, including I-J / SI3-I2 down 2%-4.5%, E / VS1 down 3% and J-K / SI1 up 3%
  • 4 cts G / VS2  down 3%
  • 5 cts a number of changes, mostly positive, including D-F / VS1-SI2 up 3%
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Endless Jewelry Implements GemFind's JewelCloud Catalog Web Application

Endless Jewelry is now offering its entire collection on JewelCloud.

This allows Endless Jewelry to expand their brand presence by letting existing retailers easily integrate the product line within their own website.

It also helps Endless Jewelry keep in touch with retailers through JewelCloud’s user-friendly dashboard interface that is easily kept updated with the latest product lines. Endless Jewelry joins other manufacturers and designers who are presently part of the JewelCloud, such as Tacori, Hearts on Fire, Simon G, Gem Platinum, Martin Flyer, Gemsone Corporation, KC Designs, Stuller and many others.

“JewelCloud is a great tool for connecting with existing retailers as well as for finding new prospects,” said Meghan Pearson, Endless Jewelry’s Marketing Manager. “It is a very user-friendly system, easily updated as new lines are introduced, ensuring that our customers have access to all current collections. Best of all, our customers truly enjoy having an interface that allows them to begin easily and quickly selling online,” concluded Pearson.

“The JewelCloud catalog web application installs into the retailer’s current website” Said Alex Fetanat, CEO of GemFind. “Product photos and details are streamed and all can be changed in real-time. Enjoying multiple benefits, vendors like Endless Jewelry control how digital assets are shared, automate price changes, invite stores to connect to them and invite sales reps to manage leads and make appointments”, concluded Fetanat.

Visit www.gemfind.com for more information on GemFind’s JewelCloud Catalog. Visit www.endlessjewelry.us for more information on Endless Jewelry.

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Giorelli Names Jeff Koch to Sales Post

The Gioielli Group, which recently presented the Pesavento product line at the Centurion show in Scottsdale, AZ, has announced that Jeff Koch will be the National Sales Director. Jeff's 15 years of experience in the jewelry industry combined with his vast experience gained while in leadership positions at David Yurman and Judith Ripka will make him an invaluable asset to the Gioielli Group team. Jeff Koch will be supported by dedicated sales training and merchandising experts as well as our internal marketing team.

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Movado Presents Photo Exhibition by Joel Sternfeld

Movado Group is celebrating the opening of Baselworld 2015 with a special exhibition of art works by the American photographer Joel Sternfeld. His pictures will be on display in MGI’s spectacular exhibition space in Hall 1.0 South at the Basel Exhibition Center in Switzerland, from March 19 through 26.

On view will be a selection of nine photographs from the seminal body of work “American Prospects”, along with 7 photographs from the more recently released "First Pictures."

Taken during the ‘70s and ‘80s in locations throughout the United States, these evocative color pictures depict America, its inhabitants and the traces left by people on the landscape. With a penchant for subtle irony and a unique color sensibility, Sternfeld offers images of daily life in America with all its sublime contradictions and tragic comedy.

“We are excited to share the extraordinary work of acclaimed photographer Joel Sternfeld at Baselworld this year,” stated Efraim Grinberg, Chairman & CEO, Movado Group. “This marks the second year we have occupied our exceptional new exhibition space. We could not be more pleased with its success from a both a business and design perspective – it affords us a unique opportunity to host exciting, innovative artistic and cultural exhibits that expand and enhance the Movado Group experience.”

Joel Sternfeld was born in New York in 1944. He earned a Bachelor of Arts degree from Dartmouth College in 1965 and began making color photographs in the 1970s. At its foundation his practice has a distinct set of conceptual strategies: the building of narrative, use of humor and irony, and an examination of society and the environment. He also developed a unique set of formal strategies: painterly use of color and deliberate compositional structures, which serve to emphasize the picture's message. Because of these innovations, Sternfeld is considered a pioneer in art photography and his work has been highly influential.

Sternfeld has exhibited his photographs internationally and his pictures can be found in many important public and private collections.

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GIA and De Beers Will Speak on Synthetic Diamonds

Leading research scientists from Gemological Institute of America and De Beers Technologies UK will speak on the topic of synthetic diamonds during GIA GemFest Basel 2015 on Sunday, March 22 at the Congress Center Basel in Switzerland.

Tom Moses, executive vice president and chief laboratory and research officer for GIA, will moderate the discussion with Dr. Simon Lawson, head of technologies UK for De Beers and Dr. Wuyi Wang, director of research and development for GIA. The free event will commence at 5 p.m. in the Montreal Auditorium, with a reception to follow.

The technology for creating synthetic diamond has improved significantly over the last decade and, as a result, gem-quality synthetic diamonds have appeared in greater quantities and received wider media exposure.

Reports of synthetics being presented as natural, however, have raised concerns within the industry. GIA and De Beers have applied years of research to identifying these laboratory-grown diamonds, resulting in devices and methods that effectively distinguish them from natural diamonds – from the smallest melee to stones of significant size.

GIA’s Wang and De Beers’ Lawson will speak at GemFest Basel about the latest research on synthetic diamonds and their identification, and how GIA and De Beers are working to meet the on-going challenges posed by potential non-disclosure. A question and answer session will immediately follow the moderated discussion.

Lawson has 20 years of experience with De Beers researching the growth and characterization of synthetic diamonds. He has held a key role at De Beers since 1995 in the strategy and development of the various De Beers verification instruments used to identify synthetic and treated diamonds.

Prior to joining De Beers, Lawson was awarded a Royal Society Fellowship and spent four years at the National Institute for Research in Inorganic Materials in Japan. He holds a doctorate in optical spectroscopy of diamond from King’s College in London and a Bachelor of Science degree in physics.

Wang joined GIA in 2000 and has more than 20 years of expertise in diamond geochemistry and the treatments of diamond and other gem material. He holds a doctorate in geology from the University of Tsukuba in Japan and a bachelor’s degree in geology from Beijing University in China. He is widely published in gemological and geological journals, and is recognized with numerous honors including the AGS Richard T. Liddicoat Journalism Award and Dr. Edward J. Gübelin Most Valuable Article Award from Gems & Gemology.

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WJA Recognizes 2015 Shining Stars

The Women's Jewelry Association has announced the winners of its 2015 Shining Star awards, which annually recognize a member from each regional chapter who has given extraordinary service to her chapter.

The winners receive an expenses-paid trip to New York City, where they will be honored on March 10 at a special In The Spotlight evening event at Convene, 730 Third Avenue, 27th Floor, New York City, from 5:30-7:30 pm. Shining Stars also receive discounted tickets to WJA's In The Know educational conference, also taking place on March 10 on Convene's 8th Floor.

The Shining Stars for 2015 are listed below, along with the chapters that elected them.

Click here

for information on attending the In The Spotlight cocktails and buffet dinner event, where the Shining Stars will be honored on March 10.

Irene Canivet, San Diego Chapter

Irene Canivet is the owner/manager of Inspirata Vita, a company that provides resources and support to help jewelry professionals and employers with employment and career success. Carnivet has more than 38 year of practical experience in the jewelry industry and more than 30 years as a career and employment counselor. She has earned multiple Gemological Institute of America diplomas, along with the equivalent of an Associate's degree in Employment Counselling (Canada) and a Master of Arts in Education degree. Her work experience includes an interesting variety of opportunities in the jewelry industry in Canada and the USA, including a trade shop, retail stores, television shopping, design/custom, and education. Along with her work at Inspirata Vita, Irene teaches Human Resources: Recruitment and Selection to college students and contributes to the WJA San Diego chapter as the web/communication chair.

Patti J. Geolat, Southwest Chapter

Patti J. Geolat made her reputation in the jewelry industry by being a well-respected appraiser, and her first appraisal credential was as a personal property appraiser with a special designation in antique and period jewelry. She spent 15 years serving on the board of Jeweler Mutual Insurance Company, nine of them as chairman. Geolat also served as interim president and CEO of Jewelers Mutual from 2008 to 2009. After this, she began focusing on estate jewelry and now partners with retail stores nationwide to bring her knowledge of estate jewelry both to the industry and to private clients of partner retail stores. Geolat has also launched a nonprofit organization, Something for Kelly, named after her late niece Kelly who lost her battle with anorexia in 2009. It empowers children ages 6-12 to overcome any predisposition they might have to eating disorders. Geolat has served on the WJA international board, and is now an active member of the Southwest chapter.

Karen Golembeski, New England Chapter


Karen Golembeski, is director of sales and marketing for Chronomatic, Inc., East Greenwich, RI, an established jewelry manufacturer of service, recognition, and award jewelry. She has over 30 years' experience in the industry, working in a variety of sales and manufacturing jobs, including with Pranda Jewelry Ltd., Bangkok, where for 20 years she managed a national sales force, executed sales strategies, and planned new market development. Golembeski has been involved with WJA since 1989, first as a member of the New England chapter, then becoming membership chair in 1999, serving as co-president 2004 through 2006 and then president for the next eight years. She also serves on various charity and civic organizations.

Katie Hammond, Midwest Chapter

Katie Hammond is the founder of an online fine jewelry magazine BRIGHTER (b-brighter.com) and the president of KH Fine Jewelry & Consulting. She has over a decade of experience with fine jewelry assuming a broad range of roles within the industry. After graduating from the University of Notre Dame, Hammond entered the world of auctions taking a position at Leslie Hindman Auctioneers in Chicago, where she became director of fine jewelry and director of the consignment department, and served one of the company's auctioneers. Hammond then took a position at the prestigious Trabert & Hoeffer Jewels on Oak Street in Chicago - the same jewelry store that her grandfather owned 40 years ago. Hammond is a member of the National Association of Jewelry Appraisers and the current vice president of the WJA Midwest chapter.

Sue Karr, Twin Cities Chapter

Sue Karr is a graduate of University of MN-Business. She worked for an independent retail jeweler in downtown Minneapolis in sales, customer service, watch buyer and assistant fashion buyer for 12 years. Karr started a part-time retail business while raising her family, which she liquidated after 15 years when the gold market started rising. She took GIA classes via correspondence course. She then worked for another retail jeweler as store manager for 8 years. She is now on the wholesale side of the industry and works for Killian Jewelry, designer Killian Reider's new designer line of sterling silver and genuine stones. Karr is on the GIA Alumni chapter-Twin Cities board as secretary and on the MN-ND Jewelers Association board as vice president. She joined the board of the WJA Twin Cities chapter five years ago, and co-chairs the membership committee.

Alexis Kletjian, Boston Chapter

Alexis Kletjian is currently creating her first collection of classic jewelry investment pieces meant to be worn every day, keeping in mind her mantra: "Creating fine jewelry without compromise. Empowering women to invest in the foundation of their individual style." Kletjian believes in curating a well-balanced jewelry box, filled with a collection her clients will treasure in this lifetime and in the lives of those they leave behind. She designs with two things in mind - wearability and longevity. Although Kletjian spent the last two decades immersed in the world of fashion through conception, creation, and collaboration, it is her childhood spent in the Boston Jewelers Building and her exposure to the elements of jewelry design that that has led to this new career path. Kletjian is working towards her GIA graduate gemology diploma and is the vice president of WJA Boston chapter.

Adrienne Krieger, Seattle Chapter

Adrienne Krieger is the founder of Everling Jewelry, a Seattle based company and boutique, specializing in custom, one-of-a-kind fine jewelry in gold and platinum. She believes that the client should be an integral part of the custom jewelry process and that each piece of jewelry has a story. Building a relationship with the wearer is at the heart of bringing that story to life. Krieger first dove into the jewelry industry in 2004 at Colorado State University, where she fell in love with the metalsmithing craft, while earning her BFA in sculpture. After graduating in 2006, she moved to Washington State to take a position with a local company that provided daily interaction with several jewelry manufacturing processes. There, she worked in CAD and trained in highly technical bench work. Krieger is currently serving as treasurer on the board for the WJA Seattle chapter.

Janet Ma, Los Angeles Chapter

Janet Ma was born and raised in Los Angeles, CA. She was introduced at an early age to the jewelry world through her family's wholesale business in downtown L.A. and quickly developed a love and passion for the industry. After graduating from the University of Southern California with a degree in finance, and then earning her MBA, she founded her company, Majolie Collections, in 2009. Staying true to her personal style, her designs feature delicate workmanship set with diamonds and precious gemstones that cater to the everyday modern, fashion-forward woman. In her spare time she enjoys cooking and experiencing new cuisines (she's a self-proclaimed "foodie"), traveling, and enjoying life with family and friends. She currently serves as treasurer of the WJA Los Angeles chapter.

Lilly Sinelnik, Colorado Chapter

Lilly Sinelnik has been working in the jewelry industry for over five years and has always had a strong interest in all things jewelry. To pursue her passion for design and jewelry, she recently formed her own company, This is Lilly, which focuses on graphic design and marketing in the jewelry industry and beyond. Lilly joined the Colorado chapter of the Women's Jewelry Association at its launch in 2013 and quickly got involved with the board. "This amazing group of women has offered priceless support and guidance to me through this next step in my career."

Lauren Thompson, Metro New York Chapter

Lauren Thompson is currently the communication manager at Jewelers of America. In this role, she communicates JA's message of consumer confidence in jewelry and promotes the association's retail and supplier members to trade and consumer audiences through email marketing, web content and print communications. As the digital communications leader at JA, Lauren also oversees JA's website content and web development. Lauren began her communications career in publishing with an internship atProfessional Jeweler magazine, which led to an editorial position at the Basel Magazine, headquartered in London. She continued her editorial career at B2B magazines in New York, where she developed a strong background in website redesign and e-newsletter production. Lauren holds a degree in English Literature with a minor in Film from Mount Holyoke College. She is communications director for the WJA Metro NY chapter board and also serves as public relations chair for the WJA international board.

Clare Ullman, Northern California Chapter

Clare Ullman of Clare Ullman Design has been creating elegant jewelry with precious gemstones and pearls for more than 20 years. Her jewelry designs evolved naturally from her career in the fashion industry in San Francisco, as an executive at Macy's Union Square Personal Shopping Department. Inspired by her travels in Asia and Europe, she began manufacturing her original designs in Bali, creating a collection that is now sold in fine boutiques, jewelry stores, and galleries around the country. Her designs have been worn on the Red Carpet at the Academy Awards and she has been recognized with awards from the Cultured Pearl Association and San Francisco's acclaimed Designers by the Bay. Since joining WJA in 2004, she has been passionate about the organizational mission to support women in the jewelry industry and mentoring emerging designers and women in the field. Clare has been on the NorCal board for the past 8 years, serving as president from 2010 to 2014. She currently serves as Western Regional Director of WJA's international board.

Laurie Watt, Ohio-Kentucky Chapter

Laurie Watt is a wholesale gemstone dealer, which she has done for 35 years with her partner of 32 years and husband, Simon Watt, and her son Geoffrey. She is passionate about gemstones and has always advocated disclosure and correct nomenclature in regards to treatment. She has a second business, a small jewelry gallery, which is located in her community's 200-year-old downtown in Maysville, KY. Watt has been very active in supporting other women within the jewelry industry. She started as a gemstone dealer in the late 1970's and when she could count on one hand the number of other women in the business. She helped found WJA chapter in Los Angeles in the 1980s. Years later, after relocating to Kentucky, she became active in the Chicago, IL chapter, and now serves on the Ohio-Kentucky chapter.

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JA Seeks Scholarship Applicants

Jewelers of America funds scholarships for members on renowned industry diploma, professional development and certification programs. JA awards scholarships during the enrollment period from February 1st, 2015, through September 30th, 2015, and employees of JA Member companies are encouraged to apply.

“Jewelers of America is committed to giving our members affordable, convenient opportunities for their professional development,” says JA Director of Public Affairs & Education Susan Posnock. “The JA scholarship fund covers up to 60% of fees for training at GIA and other leading industry programs and makes continuing education a realistic opportunity for employees of JA Member companies.”

Exclusive JA scholarships are available for the Gemological Institute of America (GIA), Diamond Council of America (DCA) and Jewelers Education Foundation of American Gem Society (JEF). Scholarships are also available for Jewelers of America’s Bench Professional Certification program.

Applicants must be an employee at a JA Member store and at least 18 years of age. They must have at least one year’s experience in a JA Member store or two years’ experience in the jewelry industry.

For more information and to download the application, visit www.jewelers.org/benefits/education/jewelry-scholarships/ or contact JA’s Member Services at (800) 223-0673.

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DEF Announces Diamonds in the Sky Las Vegas 2015

Following its successful Diamonds in the Sky Las Vegas Gala in 2014, the Diamond Empowerment Fund will once again kick-off the 2015 JCK weekend with their Diamonds In The Sky Gala in Las Vegas.

The Gala celebrates diamonds and the positive impact made by the diamond industry worldwide and will take place in the Four Seasons Ballroom on Thursday, May 28, beginning at 6:30pm.

Presentation of the Diamond Empowerment Fund’s 2015 Global Empowerment Award will be made to Prime Minister Narendra Modi and the Government of the Republic of India in recognition of their global leadership and contributions to democracy, development and the growth and expansion of the international diamond industry. D.E.F President Phyllis Bergman affirmed, “We are thrilled to honor India at Diamonds in the Sky Las Vegas 2015.”

Diamonds In The Sky Las Vegas 2014 saw a historic gathering of global diamond industry leaders as the 2014 Global Empowerment Award was presented to President Ian Khama and the Government of the Republic of Botswana. Over $1 million dollars was raised to benefit D.E.F’s global 'Diamonds Do Good' mission of supporting education initiatives that help people from diamond communities around the world.

Premier Presenting Sponsors include Chow Tai Fook Jewellery Group, Inc., De Beers Group of Companies Rio Tinto Diamonds, and Signet Jewelers Limited (Kays Jewelers, Jared the Galleria of Jewelry, Zales Jewelers).

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Synchrony Financial’s Customer Service Re-Certified by BenchmarkPortal

Synchrony Financial has been re-certified as a 2015 Customer Service Center of Excellence from BenchmarkPortal, LLC, a global leader in the contact center industry.

Awarded to customer service call centers that rank in the top 10 percent of all call centers audited, the designation applies to all Synchrony Financial call center locations worldwide and specifically cites the business for high customer satisfaction, and other effectiveness and efficiency measures that surpass industry averages.

The re-certification follows initial certification for 2014, and the naming last year of Synchrony Financial as the winner of BenchmarkPortal’s “Top 100 Call Centers Contest” in the Large Center (250+ Agents) category.

“Earning certification for a second consecutive year truly validates our work in customer service and support,” said Kurt Grossheim, chief operating officer of Synchrony Financial. “These awards recognize the important value of the customer-focused experience we bring to our partners and their customers.”

BenchmarkPortal audited Synchrony Financial’s call center metrics and processes, comparing key performance indicators with best practice data from thousands of contact centers. The rigorous certification process is metrics-driven and assesses call centers against objective and quantitative data for efficiency and effectiveness.

“The certification of Synchrony Financial is a direct result of its leadership’s commitment to balancing cost-effective service solutions with best-in-class service performance,” said Bruce Belfiore, CEO of BenchmarkPortal. “It is an achievement of distinction.”

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JVC Urges Electronic Filing of Cash Transactions

The Jewelers Vigilance Committee has released the following statement regarding the reporting of cash transactions:

“Our industry has long been familiar with the obligation to report to the U.S. Treasury Department when sellers receive over $10,000 in cash. 

Some companies submit many 8300 Forms every year, documenting these transaction, and others rarely receive large quantities of cash and thus only infrequently file.  No matter the frequency of filing, however, the forms can be submitted electronically.  Not only is this the method preferred by the government, it has several advantages over paper filings sent by mail.  

First, electronic filing is the quickest way to report cash transactions to FinCEN, the office of the Treasury Department that reviews the reports.  Delivery is immediate, and filing acknowledgements – which serve as receipts – are sent back to the submitter within 48 hours.

Second, electronic filing is the most secure way of submitting this sensitive information. 

Regular mail can be lost, delayed, misrouted or even end up in the wrong hands.  The electronic filing system, on the other hand, is strongly encrypted and thus very protected.

Third, cash transaction reports that are submitted electronically are processed sooner than paper submissions.  This means that information of potentially critical importance to law enforcement – regarding money laundering and terrorist financing – is reviewed and acted upon far more quickly.

Fourth, electronic filings are becoming customary in our interactions with the government.  At some point they may well become mandatory.  It is a good idea to be ready for that likelihood by gaining familiarity with FinCEN’s e-filing system now.

For more information about e-filing, and the enrollment process, visit this FinCEN webpage: bsaefiling.fincen.treas.gov.

Remember to file an 8300 Form anytime you receive over $10,000 in cash in one transaction or in two or more related transactions.  Any transactions conducted by the buyer and the seller in a 24-hour period are considered related transactions.  They are also considered related if the seller knows, or has reason to know, that the transactions are connected. 

Note that when filling out the 8300 Forms you will be required to provide identifying information concerning the buyer, including the Taxpayer Identification Number for an individual or sole proprietorship, or the Employer Identification Number for corporations, partnerships or estates. 

Submit the 8300 Form within fifteen days of the date you receive the cash.

Please contact the Jewelers Vigilance Committee if you have any questions about cash transactions or 8300 Forms, or any other anti-money laundering obligation, at 212-997-2002 or askamlexpert@aol.com.”

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Stuller, Inc. Announces 2015 Bridge Event Dates

Bridge, which focuses on helping retail jewelers do better business, will soon kick off its sixth season.

The two-day events are filled with learning about new selling strategies, product and technology innovations, and everything jewelers need to know to keep their businesses competitive today and tomorrow, while providing an open environment to network and share. Jewelers leave with insight, inspiration, and confidence in the future.

“The whole experience was incredibly valuable for me and for my company,” says Shelly Benes with Alvin Goldfarb Jeweler in Bellevue, WA. “The Stuller staff was warm and hospitable and we never felt pressure or were made to feel like this was a sales presentation, but more of a community celebration for us to be successful.”

“That’s why we created Bridge,” says Ken Dugas, Stuller’s executive director of events. “At Stuller, our business is to make sure your business succeeds.”

The 2015 Bridge event schedule is as follows:

  • April 12–14           
  • May 17–19
  • August 23–25
  • September 13–15
  • October 4–6
  • October 18–20

 

For more information on Bridge and to request an invitation, visit Stuller.com/Bridge, call 866-751-5692 or email events@stuller.com.

Stuller, Inc., headquartered in Lafayette, LA, was founded by Matthew Stuller in 1970. The DTC Sightholder provides a wide range of goods and services for jewelry professionals. Stuller’s core product categories include: diamonds, gemstones, finished jewelry, mountings, findings, bridal jewelry, contemporary metals jewelry, tools and supplies.

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JAPAC Elects Jenny Caro Board Chair

The Jewelers of America Political Action Committee, the only PAC that supports the fine jewelry industry in Washington, D.C., has elected Jenny Caro, owner of Jewelry by Design, Woodbridge, VA, as JAPAC Board Chair.

Through JAPAC, individual Jewelers of America members can join with other jewelry businesses in contributing to candidates for office at the federal level, who understand the interests of the jewelry industry.

JAPAC helps Jewelers of America and its legislative team in Washington keep jewelers’ interests front-and-center in the nation’s capital, giving jewelers a collective voice through contributions to political campaigns. The need for the jewelry industry to make its case continues to grow as legislators are being approached by countless industry groups looking for attention on key issues like sales tax fairness.

 “Jenny recognizes how important it is for jewelers to speak up for their businesses on Capitol Hill. We are thrilled to have her take on this new leadership role within JAPAC,” says JA President & CEO David J. Bonaparte.

Caro takes over for Scot Congress, co-owner of Congress Jewelers, Sanibel, FL, who served as JAPAC Chairman for the last three years, presiding over significant growth of the PAC.

“JAPAC fundraising and participation ensures lawmakers are aware of the industry’s needs, and I expect Jenny’s energy and enthusiasm to help bring it to the next level,” says Bill Farmer Jr., Chairman of JA’s Board of Directors and a former JAPAC Chairman.

Jenny Caro is owner, along with her husband, John, of Jewelry by Design in Woodbridge, VA. The couple opened Jewelry by Design in 1989 to specialize in custom creations of their own making and have expanded the store several times in the last few years. Caro traces her love affair with jewelry to a high school jewelry making course. She went on to earn a bachelor’s degree in Fine Arts/Jewelry and to teach jewelry making at the high school level prior to starting her own jewelry business.

Caro has served on the JA Board of Directors since 2013. She is active in local and Virginia politics and participated in her first fly-in to Washington, D.C., with the Jewelers of America Political Action Committee this past June. She credits the trip for helping to raise her awareness and interest in JAPAC and the need for jewelers to advocate for their businesses on the federal level.

“I’m excited and honored to be taking over as Chair of the Jewelers of America Political Action Committee,” Caro says. “Attending the JAPAC visit to Washington, D.C., last year was a real eye opener from me, underlining how critical it is for jewelers to stay active, engaged and in front of lawmakers. By raising awareness of JAPAC, I hope to empower other Jewelers of America members to fight for their businesses on Capitol Hill.”

For more information about JAPAC as well as key legislative issues that Jewelers of America is tracking, visit www.jewelers.org/japac.

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Borsheims Hosts Speed Networking Event on Ethics

Participants met in pairs to discuss business ethics at Borsheims.

Omaha’s business executives and young professionals met at Borsheims Thursday, February 19, for a speed networking event focused on ethics in business.

The event, sponsored by Borsheims and Creighton University’s Business Ethics Alliance, brought thirty participants together inside the Omaha jewelry store to learn more about using practical business ethics to make their workplaces and cities better.

Similar to speed dating, each business executive and young professional were paired up for 5 minutes to talk one-on-one. Every 5 minutes, they rotated tables to meet with a different person. The pairs discussed a variety of ethical questions suggested by the Business Ethics Alliance. Some of the topics included:

  • Talk about a time when you or someone you know displayed integrity at work.
  • Describe tactics you can use to display moral courage at work or at home.
  • What is one of your favorite ways to engage in community responsibility?

The event was held on the same day that Borsheims parent company, Berkshire Hathaway, was recognized by Fortune Magazine as one of the world’s Most Admired Companies. Berkshire Hathaway was ranked third in the annual ranking, its highest ranking ever. Borsheims has been part of the Berkshire Hathaway family for more than 25 years and takes great pride in operating ethically, as modeled by Berkshire Hathaway Chairman Warren Buffett.

The Business Ethics Alliance and Borsheims have partnered together for over 5 years to offer resources and events for businesses and their employees to be educated on the competitive advantages of ethical business practices. Borsheims President and CEO Karen Goracke is a trustee of the Business Ethics Alliance.

In addition to hosting the speed networking event at Borsheims, the store also provided complimentary wine, snacks, and gift bags for all the participants.

For more information about Borsheims, contact Adrienne Fay at (402) 391-0400 or adriennefay@borsheims.com.

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India’s Export Council Opens Eighth Annual Signature

Mr.Kirtilal Doshi, Mr Vipul Shah & Mr.Andrey Polyakov seen at inaugration of GJEPC's IIJS Signature 2015

The Gem and Jewellery Export Promotion Council officially inaugurated its eight edition of Signature on February 20 at the Bombay Exhibition Centre in Mumbai.

Over 580 exhibitors will be participating, with over 1,100 booths spread over the 30,000-sq-m venue.

The event will witness more than 7,000 national and international visitors through February 23.

The event was inaugurated by Chief Guest Andrey Polyakov, Vice President, Alrosa, Russia; Guests of Honour Shaina NC - Social Worker; Kirtilal Doshi, industry stalwart; Vipul Shah, Chairman, GJEPC; Pankaj Parekh, Vice Chairman, GJEPC; Nirav Bhansali, Convener – Exhibitions Sub Committee (National), GJEPC; other senior officials from GJEPC and eminent members of the trade.

Stalls at GJEPC's IIJS Signature 2015

The distinguished guests lit the lamp as a mark of commencement, which was followed by an inauguration of the show catalogue, called ‘Glorious Indian Diamonds.'

Speaking at the event, Vipul Shah, Chairman, GJEPC said, “There is widespread optimism that good times are ahead. The government has shown foresight and vision in supporting our industry with plans for a special diamond import and trading zone. We must use the opportunity to ensure that India truly becomes a global hub for gems and jewellery.

Mr.Vipul Shah- Chairman, GJEPC,Ms.Shaina NC- Social Worker, Mr.Andrey Polyakov- Vice President, ALrosa & Mr.Kirtilal Doshi- Industry Stalwart at GJEPC's IIJS Signature 2015.

“A show like Signature, not only supports the growth of the gems and jewellery industry, but also elevates it to higher levels of sophistication. Every year, we observe improvements in the design and quality of the products. And the retail sector from all parts of the country flock to Signature in greater numbers to purchase stocks for customers who are ever more demanding. Both the buyers and sellers are grateful that the show provides greater efficiencies in sourcing.

“The jewellery events organized by the Council such as the mega IIJS, Signature, IIJW and IGJME have provided useful platforms for the industry to grow and collectively raise the bar in terms of quality, design and business practices. We are delighted to welcome you to Signature 2015 and wish you a very successful show.”

Mr.Sabyasachi Ray, Mr Nirav Bhansali, Mr.Andrey Polyakov, Ms.Shaina NC, Mr.Vipul Shah, Mr.Kirtilal Doshi & Mr.Pankaj Parekh seen at GJEPC's IIJS Signature 2015.

Marking the event, Chief Guest Andrey Polyakov, Vice President, Alrosa, Russian Federation, said, “It’s an honor and pleasure to be a part of this event. The relationship between Russian rough diamond industry and Indian polished diamond industry is rapidly growing.

“At the world diamond conference that happened last year, the two leaders from both the countries expressed their support for this industry. We signed long term direct sourcing agreements with 12 Indian polishing companies. We are here for new opportunities. The challenges that we face are generic diamond marketing, syndicate diamonds, banking and many other policies. We want to keep this industry as attractive as the diamond itself.”

Guest of Honour Shaina NC said at the inauguration, ““I believe jewellery is one of the most innovative sectors in India. With every single exhibition, Signature moves ahead with the time. It is India that creates the best jewellery product irrespective of where the diamond comes from. We are happy to work with the gem and jewellery industry to enhance the revenue sector of India.

“This gem and jewellery sector is a true representation of the ‘Make in India’ project of the government. We are proud of the growing jewellery industry talent in India. We hope that there are bigger and better exhibitions with each passing year and have an exhibition soon in Delhi.”

Seen at GJEPC's IIJS Signature 2015

The Signature show this year exhibits eight international exhibitors from USA, Japan, Belgium, UAE and Thailand and had international delegations from Russia, UK, UAE, Saudi Arabia, Turkey, Hungary, Uzbekistan, Lebanon, Egypt, Iran and Bangladesh.

Some key highlights of Signature 2015 are:

The online matching program facilitates participating exhibitors to screen other exhibitors before, get automatic matches to their requirements basis their profiles uploaded and enables to send enquiries to other exhibitors so as to schedule and confirm their appointments prior to ensure easy business negotiations at the event.

The Signature Mobile app enables participants and visitors to seek stalls of various traders and displays the closest route to reach there. The entire road map of the complete signature ground can be viewed via the app.

Registration Hall No 2 is reserved for the privilege and elite club visitors who have not yet registered to procure their badges.

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Winners Take Center Stage at India’s Artisan Awards

Some of the industry’s outstanding and innovative jewellery designers were honoured at India’s Artisan Jewellery Design Awards 2014, which concluded on February 20 in Mumbai.

Organised by the apex body of the Gem & Jewellery Industry in India-Gem Jewellery Export Promotion Council, the Artisan Awards provided a platform to jewellery designers to push their creativity and design aesthetics to showcase world-class jewellery.

Besides the 12 winners, industry veterans were also recognized, such as noted Indian jeweller Viren Bhagat, who received the award for Most Accomplished Artisan of Our Time. Suhani Pittie received the Emerging Jewellery Designer of the Year and Ganjam was awarded the Most Accomplished Retailer in Design Excellence.

The event was hosted by Indian actress, model, VJ and television presenter Malaika Arora Khan, and also saw Bollywood style icon and GJEPC’s brand ambassador Sonam Kapoor.

The Chief Guest of the evening was eminent Social Worker Ms. Shaina NC, along with the Guest of Honour B P Pandey, IAS, Addl, Secretary & Financial Adviser, Ministry of Commerce & Industry.

Commenting on the occasion, Vipul Shah, Chairman, GJEPC, said, “Artisan awards is a culmination of designs, creativity, jewellery and glamour to showcase a fitting tribute to Indian cinema. It is recognition of excellence in the gem and jewellery sector industry and sets a benchmark for the industry in terms of its overall performance. I extend my congratulations to all the award winners for their salutary performance and hope they propel the jewellery industry to even greater heights in the years to come.”

Brand ambassador Sonam Kapoor commented, “Being a self-confessed film buff and having a penchant for jewellery it was a treat to see intricate designs as part of wearable jewellery. From the exquisite detailing of the jewellery designs, you can tell that the candidates have put their heart and soul into showcasing pieces that are representative of Bollywood films through various eras. My heartiest congratulations to all the award winners who I know will raise the bar of the industry even higher.”

The winners will have the opportunity to intern with the prestigious international jewellery houses Roberto Coin and Swarovski.

In addition, winners will win cash prizes and a fully paid trip to visit the Basel Jewellery and Watch Fair 2015, wherein their designs will be displayed in the India Palace Pavilion at Basel.

Awards has partnered with RBS, Gemfields, Forevermark, Platinum Guild India, Grand Hyatt and Vogue.

Among the 12 winners announced, candidates who topped each of the 4 categories were Swati Kadam, Meghna Bag,Subhankar Bhowmick and Shrutika Patankar.

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ASA to Offer Advanced Gemological Training

The American Society of Appraisers will offer advanced gemological training for gems and jewelry professionals.

The first of two courses, “GJ209b: Masters Class Recognizing Treated Gems and Origin Issues,” will be offered  May 16-17, 2015 in Chicago, IL.

The course was developed exclusively for ASA by Dr. Cigdem Lule, PhD in collaboration with Christopher Smith, President of American Gemological Laboratories (AGL), NY. Dr. Lule will be the primary presenter with Mr. Christopher Smith providing scientific support and teaching the “Country of Origin” focused portion of the program.

The course will cover the most commonly encountered gem treatments in the most commercially important gemstones species, and will also provide attendees with current information about country of origin issues, including how geologic formation influences treatment options as well the market impact of country of origin.

The second course, “GJ209a: Masters Class Diamond Grading Update,” which was developed by GIA, will be offered to members only May 21-22 in New York, NY. Instruction will be provided at GIA’s new campus located at the International Gem Tower in the heart of the Diamond District.

The course will cover clarity and color grading techniques employed in the GIA laboratories, followed byhands-on; mounted diamond grading considerations; identification of diamond treatments and synthetics.

“ASA continues with its efforts to offer advanced gemological training”, says Teri Brossmer, a Glendora, CA based gemological and valuation expert who holds ASA, MGA, and G.G (GIA) designations. As education chair for the society’s gems and jewelry discipline, Brossmer adds “professional jewelry appraisers will benefit tremendously from the hands-on nature of these courses.”

Tuition for each class is $995 for ASA members and $1,095 for non-members. 

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

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Atlantic Diamond Company Launches New Web Site

Atlantic Diamond Company has launched Atlanticdiamond.net, which aims to extend the reach of all its diamond and jewelry programs by serving jewelry retailers interested in growth and seamless supply.

The new website features the Virtual Inventory Module allowing over 3,000 pieces of fine jewelry as well as over 1,000 certified loose diamonds on jewelers' websites at their markup levels.  The redesign incorporates bold colors and graphics and completely new navigational tools.

In addition to having an online inventory, the new site offers users to memo diamonds and fine jewelry right off the site. The site is organized to provide quick and direct access with the use of categories and sub-categories.  Most importantly, if a user is not sure exactly where to look for specific piece, simply fill out the 'Contact Us' page to start communication.  

Among the features on atlanticdiamond.net, 'Diamond Search' provides actual images with a loupe tool and certificate information so it can be printed and even emailed to the retailer's client.

It can take visitors quickly to the diamonds and jewelry they are looking for, but also allows them to share, memo, and ship seamlessly. 

"Services" features the Virtual Inventory Module, Lifetime Trade-Up, and loose diamond price lists in PDF format.

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Expert on Wearable Technology to Give Keynote at MJSA Expo

Ben Smithee, a consumer-trends expert who was nominated as one of the "Top 10 Youth Marketing Professionals in the U.S.," will deliver the keynote presentation on wearable technology and other "disruptive" trends at MJSA Expo New York, March 8-10 at the Hilton New York.

Smithee's session, "The Cyborg Consumer: From Wearable Tech to 3-D Printing," will anchor a seminar program that also includes renowned educator Blaine Lewis of the New Approach School in Franklin, Tennessee; pricing guru David Geller of Jeweler Profit in Atlanta; gemologist/author Antoinette Matlins, co-author of Gem Identification Made Easy: A Hands-on Guide to More Confident Buying and Selling; and marketing expert Chris Ciunci of TribalVision in Providence, RI. The program was developed and sponsored by the MJSA Education Foundation.

Expo will also feature three special educational events, including a special MJSA Journal Live in which the latest welding and CAD/CAM technologies will be available for testing and comparison.

"Attendees have told us that the educational program is a vital part of the Expo experience, and they rely on it to keep them informed and inspired," says MJSA President/CEO David W. Cochran. "This year's program has been developed to not just meet but exceed those expectations, covering everything from the latest revolutionary technologies to crucial technical and marketing practices."

Among the highlights:

• Smithee's keynote presentation (March 9, 10:30 a.m. to noon) will focus on the new era of technology-driven production and consumption, in which jewelry can monitor its wearer's health and 3-D printing is changing the way jewelry is made. A sought-after consultant and speaker in consumer trends, buyer behavior, technology, and marketing, Smithee has worked with Coca-Cola, McDonalds, Rio Tinto Diamonds, and leading U.S. retail jewelry brands, among others.

• Lewis, known for his innovative teaching methods, will give an "At the Bench Live" presentation on how to set marquise, pear-shaped, and other sharp-angled gems that are coming back into fashion (March 8, 3 to 5 p.m.).

• Geller's Blue Book to Jewelry Repair & Design has become the pricing guide for more than 3,000 stores internationally, and it's known as the "repair bible." In this session, Geller will offer his insights into how to properly price and profit from custom design and repair work, ensuring all costs are covered and margins remain high (March 8, 1 to 2:30 p.m.).

• Matlins, a popular guest on such programs as ABC's Good Morning America, CBS's This Morning, and NBC's Today, will give Expo attendees lessons in how to buy and sell colored gems (March 8, 10:30 a.m. to noon) as well as how to identify enhanced gems and synthetics (March 9, 1 to 3 p.m.).

• Ciunci, founder and managing partner of the TribalVision marketing company, will present the session "Market Smarter," in which he'll explain how to develop a strategic plan, generate leads, and boost revenue (March 9, 3:30 to 5 p.m.).

All of the sessions will take place on the third floor of Expo New York.

In addition, Expo will feature three special educational events:

• MJSA Journal Live, in which the pages of the association's flagship magazine come to life, will offer attendees the opportunity to try out and compare the latest CAD/CAM and welding technologies. This is the first time all of the technologies will be presented side by side (March 8-9, all day).

• Custom jeweler Joel McFadden will lead Jewelry Making 101 (and Beyond), offering instruction in bench work from beginner to advanced levels. This year's sessions, all of which will take place March 9, include "Level One: Working with Different Metals" (noon to 1:30 p.m.), "Level Two: Sawing and Piercing (2 to 3:30 p.m.), and "Level Three: Tricks for Everyone" (4 to 5:30 p.m.).

• Leading industry experts—Ben Janowski of Janos Consultants, Cindy Edelstein of the Jeweler's Resource Bureau, Eugene Brill of Jewelry.com, and Matthew Perosi of the Jewelry Website Advisory Group—will be available for informal, one-on-one "Ask the Expert" sessions on March 8 and 9, from 2 to 4 p.m.

For more information on MJSA Expo New York and its educational programs, go to MJSA.org, or call 1-800-444-MJSA (6572).

 

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Richline Group to Acquire the Worldwide Chrysalis Brand

Richline Group, Inc. has reached an agreement to acquire Chrysalis, a worldwide brand focused on creating stackable bangle bracelets adorned with talismans, good luck charms, and spiritual symbols.

Established in 2007, the Chrysalis brand was born of founders Andy and David Maine's mutual love of jewelry and travel. What began as a chance meeting in London's Portobello Market rapidly evolved into a spiritually-infused collection of expandable, bangles that make it easy and affordable for women to share and express their favorite memories.

"Chrysalis is a leader in the growing trend of unique and personal stackable bracelets. We could not be more excited to be a part of one of the first, and hottest, new trends in jewelry since the introduction of charm bead jewelry," said Ramona Genao-Archibald, Richline Brands' EVP of Merchandising.

Dave Maine, co-founder of Chrysalis, explained that, "Richline is the perfect home for our brand. They pair a clear understanding and belief in our brand with exceptional sales, operational, merchandising and marketing support."

"Chrysalis is a wonderful addition to the family of brands that have helped make Richline the company that it is today," said Richline Group CEO Dennis Ulrich, "We look forward to sharing their amazing designs with our retail partners, and to helping spread their message of love and light to women across the world."

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Jewelers for Children Announces 2015 Rings of Strength Tour

The 2015 edition of the Jewelers for Children Rings of Strength Tour will be held for Thursday, May 28, 2015 in Las Vegas. This will be the third installment of the popular event.

Start time will be at 5:30 a.m. outside the tour bus entrance at the Mandalay Bay Resort Casino.

Participants will be able to choose between a 5K walk or run, a 50K challenging bike ride in the foothills of Red Rock Canyon and new for 2015, a shorter, easier 15K bike route.

The previous two events have included hundreds of participants and have generated over $100,000 to benefit children in need.

The event is structured so that participants can complete the course and have sufficient time to prepare for a day of work at the Las Vegas events.

“We received a number of requests from bikers who were looking for a shorter, less-challenging route that they could complete and still put in a full day of work.” said Rebecca Foerster, Executive Vice President Strategic Planning and Marketing at Leo Schachter Diamonds, and a JFC board member.

The event has a real sense of camaraderie and provides an outlet for folks who have a hectic day during a busy week.”

Participants can visit www.ringsofstrength.org to sign up.

During sign-up you create your own unique fundraising page with a unique URL, which can be sent to friends and acquaintances to encourage them to sponsor your participation.

Bikers can bring their own cycles or rent one. McGhies Ski Bike and Board will once again provide rental options and participants can reserve one during the sign-up process.

All funds raised will benefit the Jewelers for Children charity partners.

Sponsorship opportunities are also available. Full details are available at www.ringsofstrength.org, or by contacting JFC.

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Ritani Partners with Jewelers Mutual

Ritani has partnered with Jewelers Mutual Insurance Company to further enhance the customer experience and instill confidence to wear their Ritani jewelry without worry.

While jewelry consumers rely on the web as their primary research tool for finding that perfect engagement ring, research shows just 10 percent felt comfortable purchasing it online. Overcoming consumer reluctance by providing an exceptional jewelry-buying experience that combines the convenience of online and the service of a brick and mortar store has been at the forefront of Ritani’s business model since launching in 2012.

Extending its service beyond the initial jewelry sale, Ritani offers a Lifetime Care Package with each purchase, which provides customers with complimentary appraisals, diamond certificates, lifetime cleanings, and a lifetime warranty on manufacturing defects. While the Lifetime Care Package delivers key benefits over other online jewelry retailers, jewelry insurance is not part of the offering.

“We take a holistic approach with our customers and felt it was important to provide a trusted option to choose more comprehensive coverage that protects their jewelry from accidental loss, theft, and disappearance,“ said Brian Watkins, President of Ritani.

“With that in mind, we’re thrilled to team with Jewelers Mutual Insurance Company, the industry leader for more than a century.”

Ritani features a unique “clicks and bricks” business model, blending the traditional e-commerce model while working with a network of over 200 independent brick and mortar retailers throughout the country. The Ritani customer can build and then purchase a piece of jewelry online or they can choose to have it shipped to a nearby jewelry store to preview in person without any obligation to buy.

In collaborating with Jewelers Mutual Insurance Company, Ritani is able to provide its customers convenient access to a personalized insurance quote with one click—either immediately from the online shopping cart or after they receive their jewelry. With integrated websites, Ritani and Jewelers Mutual provide a seamless and efficient insurance-buying experience, eliminating the need for customers to manually enter additional information or send separate receipts and appraisals.

“Consumers are buying jewelry pieces to mark special moments in their life,” said Trina Woldt, chief marketing officer at Jewelers Mutual. “The joy that comes from purchasing a special piece of Ritani jewelry, and the memory it creates, is what makes it worth protecting. What many consumers may not realize is that not all insurance is alike. Other carriers may fall short when it comes to coverage for loss or damage – but at Jewelers Mutual we understand you can’t put a limit on what it takes to make the consumer whole again. Aligning with Ritani -- a brand that’s as passionate as Jewelers Mutual is about jewelry and creating unique experiences -- is a perfect match, with tremendous added benefit for Ritani customers.”

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Fancy Color Diamond Prices Demonstrate resilience in Q4

The Fancy Color Diamond Index indicates fancy color diamond prices showed stability in the last months of 2014.

The Fancy Color Diamond Index (The Index), developed by The Fancy Color Research Foundation, was first launched in November 2014 to measure and analyze the performance of these rare diamonds as an alternative asset class. The January 2015 Index read shows that fancy color diamonds are continuing to exhibit consistent price levels, against a backdrop of commodity value declines in Q4 of 2014.

Launching late last year, the Index is the first piece of fancy color diamond market analysis to provide this type of industry intelligence. It revealed that fancy color diamonds, across the categories of pinks, yellows and blues, have increased in value by 167 percent on average since January 2005, outperforming other leading assets in a similar period. The Dow Jones industrial average, for example, has increased 58 percent, Standard & Poor’s 500 has increased 63 percent and London house prices have increased 82.1 percent.

According to the most recent Index read in January 2015, fancy color diamonds remained practically unchanged in the period between October 1 and December 31, 2014. This performance is further testimony to the favorable supply-demand dynamics of fancy color diamonds.

This is especially remarkable when compared to the significant weakness in white diamond prices during the same period: according to the RapNet Diamond Index, 1 carat diamonds prices declined by 5.0% over the same period; 0.30 carat diamond prices declined by as much as 9.2 percent. At the same time, other commodities, including oil, iron ore and coal also suffered steep price declines.

Within fancy color categories, 10 carat blue diamonds (fancy, intense and vivid) experienced the highest price increases (about 4 percent) of all categories.

During January 2015, the FCRF significantly expanded its global contributor reach in collecting pricing data for the Index. For the first time, the data collection process became fully automated: secure, online questionnaires were sent to a large, representative sample of leading fancy color diamond trading organizations, who provided detailed and granular market pricing inputs for all fancy color diamond categories included in the Index. Furthermore, the collected information included, for the first time, pricing data for three new size categories: 1.5, 3 and 8 carats (across all colors).

Ishaia Gol, a member of the board of advisors for The FCRF, commented, “Unsurprisingly, the fourth quarter data collected by the FCRF team reaffirms our knowledge and understanding from the last decade that fancy color diamonds are a separate niche, almost non-correlated to white diamonds.”

“Fancy color diamonds are rare and highly desirable. In periods of financial instability we have witnessed time and again that collectors, retailers and investors are able to maintain their assets’ value even as other asset classes are depreciating in price. This is caused by the inherent lack of global inventory, which is only projected to worsen in coming years. Our data contributors are reporting decline in number of transactions, mainly as a result of political developments in China.”

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Roxanne Rabasco Joins Goldman

Roxanne Rabasco, Director of Integrated Marketing & Communications for Frederick Goldman Inc.

Roxanne Rabasco has been named Director of Integrated Marketing & Communications for Frederick Goldman Inc.

“Roxanne’s diverse skill set enables her to bring a strategic vision and focus to Frederick Goldman Inc.” said Jonathan Goldman, Frederick Goldman, Inc., Chairman & CEO. “She is results-oriented and highly collaborative, which will make her a strong addition to the team.”

Most recently, Roxanne worked as Senior Director of Digital & Social Media Marketing for Parlux Fragrances LLC, where she helped build social & digital media strategies for a portfolio of celebrity and designer fragrances. Prior to that, Roxanne worked at Starwood Hotels & Resorts in Events & Public Relations, where she helped launch two new hotel chains – Aloft & Element hotels.

Roxanne will be responsible for planning, developing, managing and implementing new communication strategies, as well as media management and public relations in her new role as Director of Integrated Marketing & Communications at Frederick Goldman, Inc. She will be reporting directly to Robin Ettinger, Chief Marketing Officer.

“Roxanne will help us strengthen our overall marketing, communications and digital presence so each interaction with our customers is consistent and compelling,” stated Robin Ettinger.

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Patrick Retzer Joins Jayden Star

Patrick Retzer, fashion sales director of Jayden Star

Patrick Retzer has been named fashion sales director of Jayden Star.

Retzer is responsible for managing key accounts, as well as identifying new opportunities for expansion by the jewelry distributor.

Previously national sales manager of C.G. Creations, Retzer has worked Fred Meyer Jewelers, Shane Co. and Sterling Jewelers.

“Patrick is a great addition to our team and we are excited about the things to come,” says Jason Mandelbaum, Owner. “His experience and attention to clients will take us to the next level, furthering the vision of continuing high quality product matched with impeccable customer service for all our Jayden Star retailers.” For more information, see www.jaydenstar.com.

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Edge Retail Academy Offers QuickBooks Integration Service

The Edge Retail Academy has developed a new service to help the over 3,000 retail store users of The Edge software easily integrate and reconcile data with QuickBooks.

ERA’s QuickBooks Integration Service was created to help clients understand and manage accounting procedures for daily business transactions using both software systems. “Alone, each of these programs is an invaluable tool. When you combine their capabilities, you have a business powerhouse,” said Lindsay Steill, ERA mentor and trainer for the QuickBooks Integration Service. “But even the best software isn’t a good investment unless you know how to use it. That’s where we come in.

“Our QuickBooks Integration Service will help you quickly understand how these programs can work together to give you fast and accurate business data. Through remote access, we’ll help you set up both programs, create a chart of accounts in QuickBooks to mirror your Edge integration set-up, and map the accounts from The Edge to QuickBooks. Then we’ll establish a procedure document for balancing your Edge accounts with financial statements in QuickBooks.”

The training will last for two weeks or 10 sessions, and in that time, Steill will also show you how to run a P&L and balance sheet. Clients will be trained on how to reconcile sales, profit, inventory, accounts receivables, and money tendered between the software programs. Other topics will include return to vendor, scrapped goods, missing inventory, refunds due, and sales tax payable procedures.

Steill, a 2014 Certified QuickBooks Administrator, holds an accounting degree from Purdue University and has 12 years experience as the CFO of a multi-million-dollar-guild jewelry store. She joined ERA in 2014, bringing with her a deep understanding of financial topics.

In addition to the QuickBooks Integration Service, ERA will offer two new Edge mentoring programs, both spearheaded by Peter Cardella. The Edge Project Mentoring Program will create a custom mentoring program to help users fully understand and take advantage of all the software’s features. Cardella will personally examine each enrolled business, analyze how their staff uses The Edge, and then provide additional assistance in the areas where they need coaching. He’ll focus on optimizing Performance Reports and Ordering from the Inventory Module and the integrated Customer Resource Tools from Customer Resource Management.

Cardella will also mentor ERA’s new Group Edge-U-Cation Program, which offers specific Edge-related topics, but in a group-webinar setting and at a reduced rate. Group Edge-U-Cation includes a two-hour webinar with a half-hour question/answer period per month, a half-hour personal review session per month, a written summary of the monthly topic agenda, and Full Edge Pulse® software capability.

About The Edge Retail Academy

Co-founded by David Brown, a former jewelry store owner and a 20-year consultant, trainer, and public speaker for the jewelry industry, The Edge Retail Academy offers industry-specific conferences, webinars, and mentoring services to help improve profitability for jewelers worldwide.

 

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Designers and Retailers Honored at Centurion Dinner

Twelve winners of the 2015 Centurion Design Awards were announced during a gala dinner at the Centurion Scottsdale Show last week.

The dinner, sponsored by Veranda magazine, also honored the 2015 Vendors’ Choice Retailer Awards, in which Centurion vendors vote for the retailers they deem most outstanding in several business areas.

The retail winners were:

  • Best Merchandise Presentation: Cornell's Jewelers, Rochester, NY Most Community Engaged Retailer: Bailey's, Raleigh, NC
  • Savviest Buyer: Bremer Jewelry, Peoria and Bloomington, IL
  • Best Digital Presence: Be On Park, Winter Park, FL
  • Outstanding Retail Partner of the Year: A three-way tie among Craig's Fine Jewelry, Ridgefield, CT; Diamond Vault of Troy, Troy, MI; and Bailey's, Raleigh, NC.

Also presented during the Veranda gala dinner were the Centurion Design Awards.

The Awards competition, now in its fifth year, are open to all Show exhibitors. Sponsored by Chippenhook, Exhibit Management Corp. and Jewelers Mutual, the competition features 12 categories, with entries on display at the Show and voted on by attending retailers.

The 2015 Centurion Design Awards winners in each category were:

  • Bridal, Beverley K and Colored Stone Classic, JB Star.
  • Colored Stone Fashion, Spark Creations and Contemporary Metals, Rebecca/Testi.
  • Diamond Classic, William Levine and Diamond Fashion, Pleve.
  • Gold, I. Reiss and Mixed Precious Metals, Armenta.
  • Pearl, Mikimoto and Platinum, Michael Bondanza.
  • Sterling Silver, Charles Garnier and Watches, Michele.

Visit Centurion online at www.centurionjewelry.com.

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Indian Government Names SRK a “Premier Trading House”

SRK, which exported 348,000 carats of polished diamonds in 2014, has been named a “Premier Trading House.”

The designation is the highest recognition to any export house by the Indian government.

SRK, having the capacity to process more than 720,000 carats of rough diamonds annually and exporting to more than 40 Countries worldwide, is given the status based on the total export performance value during the previous three years.

Rahul Dholakia, SRK Managing Director said, "We are honored and delighted to receive such Status. The certification will ease managing import–export transactions and customs clearance. I believe it’s an SRK footstep towards the vision of our Honorable Prime Minister Shri Narendra Modi’s ‘Make in India’ campaign.”

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Day’s Jewelers Named to JA 100 Club

Day’s Jewelers has been inducted into the Jewelers of 100 Club.

The New England-based jewelry chain has been in business since 1914, and operates six successful locations throughout Maine and New Hampshire.

The JA 100 Club was established in 1995 to honor JA Member jewelry stores that have been in continuous operation for a century or longer and have set an example of high professional distinction throughout several generations in their communities.

“By inducting Day’s Jewelers into the JA 100 Club, Jewelers of America celebrates the company’s rare achievement of being an integral part of its community for more than a century. The JA 100 Club honors Day’s Jewelers’ unwavering commitment to superior service and to the highest level of social, ethical and environmental responsibility throughout its years in business,” says JA President & CEO David J. Bonaparte.

Throughout its continuous operation, Day’s Jewelers has remained a family-run business, even though the families have changed.

The company was originally founded in 1914 by Captain Harry Davidson, as a small pawn shop and auction center in Portland, ME. Captain Davidson was joined by his three sons, Sidney, David and Herman to run the business, and over nearly 75 years they grew it into the largest jewelry chain in New England with 21 stores. When the remaining Davidson brothers retired in 1988, the Day’s Jewelers business was bought by Jim, Jeff and Kathy Corey; and Mark Ford.

The Corey’s had a special connection to Day’s Jewelers; Jeff and Jim Corey’s father, Robert, started his jewelry career with Day’s Jewelers at age 11, eventually opening his own jewelry store, Robert’s Jewelry in Madawaska, Maine, where Jeff and Jim learned the jeweler’s craft. The Corey family has been in the jewelry business ever since.

The Davidson family’s commitment to exceptional customer service – learned by Robert and passed on to his sons – is carried on in Day’s Jewelers to this day. Today, husband and wife team Jeff and Kathy Corey run the business with Jim and the help of their children and exceptional staff.

Day’s Jewelers is recognized nationally, and within the jewelry industry, as a leading jeweler with high ethical and professional practices. As a member of Jewelers of America, Day’s Jewelers commits annually to JA’s Code of Professional Practices of the highest ethical, social and environmental practices. In 2003, Day’s created the “Diamonds for Peace” fund designed to help those in need in its local communities and internationally where its jewelry products are sourced. Due to its outstanding commitment to professionalism, Day’s Jewelers was voted one of the “Best Places to Work in Maine” in 2014. Discover all aspects of the Day’s Jewelers Promise at daysjewelers.com/days-social-responsibilities.

Day’s Jewelers mission is “to build a company that stands the test of time,” and they certainly are achieving it. One of the secrets to the company’s success is that it focuses on these four beliefs: a promise to always provide the best value in goods and services; provide everyone with the opportunity to own fine jewelry; conduct business in an environment of trust and transparency; and the belief that the true value of a piece of jewelry is not in its price, but what it means to the person who wears it.

Today, Day’s Jewelers operates six stores located in Maine and New Hampshire, as well as an e-commerce website that serves customers across the globe. For additional information about the history of the company, visit www.daysjewelers.com or contact them in Waterville, ME at (800) 439-3297.

For information about Jewelers of America and the JA 100 Club, call 800-223-0673 or visit www.jewelers.org.

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Winner Named of JA “Bling” Sweepstakes

Jewelers of America ran a Valentine’s Day Edition of its “A Little Bit of Bling” Sweepstakes to increase consumer excitement for jewelry in the run up to Valentine’s Day and raise awareness of Jewelers of America-member jewelers as jewelry gift destinations. The sweepstakes offered a prize of a $500 jewelry gift card redeemable at any Jewelers of America-member jewelry store.

JA announced the winner on Thursday; Maria Pitner Rumley selected JA Member Schiffman’s Jewelers in Greensboro, NC, to redeem her prize.

The “A Little Bit of Bling: Valentine’s Day Edition” Sweepstakes ran from January 26 through February 9, 2015, on Jewelers of America’s Facebook page. Nearly 2,200 people entered the sweepstakes. The winner was selected in a random drawing among all eligible entries received. Jewelers of America runs multiple “A Little Bit of Bling” sweepstakes a few times a year. When people enter, they are reminded of the large network of JA Member jewelers across the nation; there are more than 10,000 JA Member retail locations from which consumers can shop.

“The ‘A Little Bit of Bling: Valentine’s Day Edition’ Sweepstakes harnesses the enthusiasm-generating power of social media,” says Jewelers of America Director of PR & Special Events Amanda Gizzi. “Our goal is to get consumers excited about jewelry and increase awareness of our large membership. The gift card helps us share the love this Valentine’s Day with the lucky winner and the selected JA Member jeweler.”

Jewelers of America’s “A Little Bit of Bling: Valentine’s Day Edition sweepstakes was sponsored by Perfect Circle Jewelry Insurance by Jewelers Mutual Insurance Company.

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Jewel-Craft Acquires LogoArt

Jewel-Craft, a family-owned and operated full-service jewelry repair and manufacturing trade shop, enters the licensed jewelry market with its acquisition of the LogoArt product line.

Russ Anderson, original co-founder of the LogoArt line, who will act as President of new addition to Jewel-Craft, said: “I’m honored to be given the opportunity to maintain the product line my brother and I worked so hard to create. We’re ready to begin manufacturing the core products that made this line so great, as well as hit the ground running on new product development.” Anderson currently acts as president of Insignia Collection, the manufacturing division of Jewel-Craft, Inc.

This addition to Jewel-Craft, Inc. accelerates the Wesdorp family’s goal to be the jewelry industry’s one-stop shop for all things jewelry.

“We’re certainly excited to tackle this new adventure and are very grateful to have the Andersons in the mix. With this division, our ability to service our customers are virtually endless,” says Gary Wesdorp, President and CFO of Jewel-Craft, Inc.

Jewel-Craft can begin accepting and manufacturing orders for MLB, NHL, NASCAR, Greek, and Collegiate LogoArt products; NBA and NFL licenses are pending.

All existing LogoArt item numbers, customer codes, and services will continue unchanged with orders and customer inquiries directed to Orders@LogoArt.com.

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Arnold Schiffman Jr, Dies at 79

Arnold Anthony “Tony” Schiffman, Jr., the family patriarch and the president emeritus of the Schiffman’s Jewelers, died on February 9 after a long fight with Parkinson’s Disease. He was 78.

Mr. Schiffman officially joined Schiffman’s Jewelers after graduating from the University of North Carolina at Chapel Hill in 1957. Trained by his father Arnold A. Schiffman, he was groomed to run the firm founded by his grandfather from an early age, and was known to have said that he never thought of doing anything else.

Mr. Schiffman was named president of Schiffman’s Jewelers in 1965 when his father stepped down, and became the sole owner of the firm in 1975. Under his leadership, Schiffman’s Jewelers evolved from a single establishment to a firm with multiple brands and 11 locations in five states. Over time, Mr. Schiffman discovered the importance of staying true to the company’s niche and purchased long-established companies with similar legacies as his own. But rather than changing their names to Schiffman’s Jewelers, he retained their original names and unique personalities. Allowing Schiffman’s to build on and enhance each firm’s brand equity in their respective markets.

In 1992, Mr. Schiffman surprised jewelry industry experts by reaching across the country to purchase the historic San Francisco jeweler, Shreve & Co. Today, the Schiffman Companies also include: Sylvan’s Jewelers of Columbia, South Carolina; Keller & George Jewelers of Charlottesville, Virginia; Schwarzschild Jewelers in Richmond, Virginia. Schiffman’s Jewelers has locations in Greensboro and Winston-Salem, North Carolina.

While expanding the family business, Mr. Schiffman continually focused on one important tradition––keeping the business in the family. In 2007, he stepped back from the day-to-day operations of the firm, to pass his family’s legacy to his sons Arnold A. Schiffman, III, H. Vance Schiffman and L. Lane Schiffman. Mr. Schiffman continued to work at Schiffman’s Elm Street headquarters daily until his death.

Mr. Schiffman was inducted into the National Jeweler Retail Jeweler’s Hall of Fame in 2012. He was an American Gem Society (AGS) titleholder, as a Registered Jeweler, and a past president of the North Carolina Retail Jewelers Association. In 1974, Mr. Schiffman became the second generation of his family to serve as president of the Greensboro Merchant’s Association. He was a past director of the Greensboro Better Business Bureau, a past member of the Greensboro Rotary and the Merchants and Manufacturers Club, and was a member of the Greensboro Country Club.

Mr. Schiffman is survived by Madeleine, his wife of 56 years; his sons Arnold A. Schiffman, III, H. Vance Schiffman and L. Lane Schiffman, their wives and children. A private family-service will be held in his honor. In lieu of flowers, memorial donations may be made to The Michael J. Fox Foundation for Parkinson’s Research (www.michaeljfox.org) or The Children’s Home Society of North Carolina (www.chsnc.org).

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Creative Side Academy Hosts Classes for Young Metalsmiths

Austin, TX-based Creative Side Jewelry Academy is opening their doors to young metalsmiths this summer.

The three one-week classes will focus on working with different tools to make jewelry, including the saw, torch, hammer, and a rolling mill to create texture.

Young Metalsmiths is geared toward 10 to 16 year old students who will leave the program after a week with at least five pieces of jewelry they have personally handmade, along with a taste of mastering some of the ancient techniques of working in metal. Lindsay Hendricks, the instructor, states that there are many advantages for students in creating jewelry. They hone their hand-eye coordination and strengthen their artistic voice, and all the while develop knowledge about subjects such as geometry, chemistry, economics and engineering. She says that her goal is to “Encourage individual and creative expression through the art of jewelry.”

Not only does Creative Side offer the summer Young Metalsmiths program, but they also have classes throughout the year specifically designed with the emerging artist in mind. Young Metalsmiths summer classes are 6/8 - 6/12, 6/29 - 7/3 and 7/20 - 7/24.

For further information contact our offices at 512.799.0731 or visit the website at www.creativeside.org.

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SPS Names Top Silver Trends for Valentine’s Day

As Valentine’s Day approaches, the Silver Promotion Service has identified the top silver jewelry trends for the occasion.

Sentimental Pendants: These silver additions include charming initials, lucky numbers, and precious birthstones. Notable designers who support this trend are Alex Woo, Ariva Fine Jewelry, and Old World Chain.

Spring Rings: Look for rings that spring forward with pastel gems and nature inspired designs. Browse collections by The Samuel B. Collection, Thistle & Bee, and Kelim Jewelry Design.

Luxe Looks: Brilliant diamonds set in bright silver are an everyday affordable luxury and will leave a lasting impression after your last champagne toast. Look for designs by Metalsmiths Sterling, Lagos Fine Jewelry, and Slane.

Michael Barlerin, SPS Director said that, “One reason that silver jewelry is the choice Valentine’s Day gift is because of its impactful designs and range of price points to fit any gift-giver’s budget”. He went on to add that, “Women love the gift of silver jewelry because it has zero calories, and won’t wither within a week.”

The latest silver jewelry designs by both emerging and established designers can be found on the newly refreshed and updated Savor Silver website, www.savorsilver.com. The site provides inspiration for Valentine’s Day gift ideas by featuring over 2,000 silver jewelry designs to suit a variety of style tastes and appealing to both men and women.

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BaselWorld Preparing for March 19 Opening

From 19 to 26 March, 2015, the world’s attention will focus on Basel as more than 150,000 attendees and 4,000 press representatives from everywhere converge on Baselworld 2015 to experience the innovations and creations that will set the trends for the coming year.

The undisputedly most important marketplace and trendsetting event for the world’s watch and jewelry industry, Baselworld brings together the biggest and most prestigious brands in the world, emerging design talent, the finest retailers and the global press.

Every year, 1,500 brands from 40 countries choose Baselworld as the main platform to showcase their innovations, creations and latest collections in spectacularly designed multi-storey pavilions on 141,000m2.

But Baselworld goes beyond the world of watches and jewelry, as it is also the leading global event for diamonds, gemstones and pearl merchants as well as machinery and other suppliers to the industry.

The famous London Jewelers from the USA have been visiting Baselworld for over 30 years because it is the foremost show in the world for the presentation of the latest watch and jewelry collections. “Attending Baselworld is a number one priority for our team,” say Mark Udell, CEO, and Candy Udell, President, of London Jewelers, because that’s where “we always discover the latest collections available which we can then present to our discerning clientele back home.” In their opinion, “it is important to be one step ahead and Baselworld makes this possible.”

More than 4000 of the world’s financial press, major dailies, lifestyle publications, all of the trade press and biggest TV channels descend every year to cover the show and provide millions around the globe access to the trendsetting creations and innovations that are shown exclusively at Baselworld.

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Top Jewelry Retailers Select Best Bridal Ring Design

One jewelry trend indicator is the recent vote of over 230 fine jewelry retailers for the best bridal design at the Centurion jewelry show in Phoenix, Arizona on February 6, 2015.

This prestigious award was won by Beverley K for a vintage-inspired diamond and sapphire ring with milgrain and engraving details, suggesting vintage styles are still on trend.

Established in 1999 by Morrie Knopp, the Beverley K creates and fabricates jewelry with a focus on vintage-inspired designs. The San Diego based company, which owns its design and fabrication operations, offers engagement mounts, bands, earrings, pendants and bracelets to fine jewelry retailers.

Centurion's 5th Annual Design Awards Competition is a blind competition open to voting among attending buyers at the show. Exhibiting designers present designs by product category, including bridal, one of the most competitive and important categories. At the 2015 show, more than 230 fine retailers participated by viewing submissions and casting votes.

"It is a tremendous honor to receive the 2015 Best Bridal Ring Design Award,” said Morrie Knopp, Beverley K’s founder and owner. “It’s especially rewarding since it comes from the votes of so many fine jewelry retailers.”

Now in its 14th year, Centurion is an invitation-only fine jewelry show for top-level fine jewelry retailers and the better designers and manufacturers that serve their merchandise needs.

"We couldn't be more proud of our association with Beverley K and to have been able to present the award in the bridal category to Beverley K and its owner, Morrie Knopp," said Howard Hauben, Centurion President.

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Original Miami Beach Antique Show Opened with a Bang

U.S. Antique Shows recently concluded their largest antique event, The Original Miami Beach Antique Show with a record opening day.

It was reported the largest show opening since 2008 and a 20 percent increase in attendance from 2014. The group also noted a vast amount of strong sales across the show floor for all five show days.

Held at the Miami Beach Convention Center, The Original Miami Beach Antique Show presented nearly 1,000 recognized dealers from around the world, Jan. 30-Feb. 3, 2015.

Attendees were able to explore collections from Renaissance to Art Deco eras including fine art, American and European silver, antique jewelry, 17th-19th century furniture, porcelain, and more.

“We measure the success of each event on several factors. One is attendance, but others are sales of merchandise and how other features of the show performed. Overwhelmingly, our dealers reported robust sales and many attendees sought out our staff to provide compliments about the quality and varied merchandise on the floor. In addition, special events like the Booth Talks, Appraisal Day and the Jewelry History Series have grown dramatically in popularity,” says Dan Darby, Emerald Expositions vice president and U.S. Antique Shows general manager.

U.S. Antique Shows also reported that 77 percent of exhibiting dealers renewed their booths for the 2016 show.

In addition, many of the show’s dealers expressed having great selling experiences at the show.

“This is my 31st year doing the show and we had an unbelievable experience this year. We sold everything from Lalique glass to Italian glass to objects and sculptures. The reception was phenomenal, in fact, on opening day you couldn’t even walk through our booth because we had so many bags from customers that purchased items. The Miami Beach show is truly one of the best shows in the entire world,” said Jeff Myers of Myers-Huffman Antiques.

Appraisal Day, held Saturday, Jan. 31 from 12-6 p.m., was also a huge success. In partnership with Skinner Auctioneers & Appraisers, the event attracted more than 100 attendees interested in getting their family heirlooms and antiques appraised. The items brought varied in both value and size, including jewelry, sculptures, art glass and large scale paintings.

The Original Miami Beach Antique Show was recently listed by BizBash, a resource hub for the event and meeting industry, as one of Miami/South Florida’s Top 100 Events. The show has long been recognized by the Miami media and industry trades for its extensive selection of merchandise, cross section of buyers and sellers and consistent show traffic.

U.S. Antique Shows produces eight shows nationally. The next show scheduled is the Pier Antique Show, March 28-29, at Pier 94 in New York City.

For more information, visit www.USAntiqueShows.com.

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Stephen Silver Names Andrew Block

Andrew Block, president of Stephen Silver Fine Jewelry

Stephen Silver Fine Jewelry has named Andrew Block as president of the company.

Block brings to his new post a distinguished history as a senior luxury brand management expert with over 30 years of experience in all phases of the global luxury industry, including 21 years of service as the Executive Vice President at the luxury watch retailer, Tourneau.

With a proven ability to successfully build brands and consistently drive double digit increases to earnings and top-line sales year over year, both within domestic and international markets, Block will advance the position of Stephen Silver Fine Jewelry as the preeminent jeweler in Silicon Valley with influential clientele worldwide, as well as to develop and implement fresh 360-degree strategies that promote business development in his new role as president.

"We are extremely pleased to welcome Andrew Block as the new president of Stephen Silver Fine Jewelry. A global luxury brand veteran and strategist, we are confident that Block will significantly contribute to this new chapter in the history of our company," said Stephen H. Silver, chairman and CEO of Stephen Silver Fine Jewelry. "His record of accomplishment and extensive experience and expertise managing within multi-brand environments, make him the ideal fit for this vital position.”

Throughout his career, Block has executed multi-channel growth strategies across the United States, Asia, Europe, South America, Latin America and the Middle East by positioning luxury brands as a must-have for the global consumer. Block and his team grew the retail entity from a three store business into a pre-eminent luxury global watch retailer with over 50 stores worldwide and strategic partnerships with more than 90 Swiss watch brands and groups including Richemont, Swatch Group, LVMH, Fossil, Kering and independent brands like Rolex, Patek Philippe and Breitling.

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Paige Novick Named “Rising Star”

New York jewelry designer Paige Novick received the Fashion Group International Rising Star 2015 Award for the Fine Jewelry category, at the organization’s ceremony today. Novick joins a group that includes this year’s winners Sally LaPointe, Beth Macri Designs, and RewardStyle.

Paige Novick’s collection, PHYNE by Paige Novick, was honored with the award at the 18th Annual Award ceremony today. Other finalists in the fine jewelry category included Eva Fehren and Lisa Black.

The FGI’s mission is to be the pre-eminent authority on the business of fashion and design and to help its members, such as Novick, become more effective in their careers.

To learn more about Paige Novick and her PHYNE collection, visit www.paigenovick.com.

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Proposition Love Jewelry Video Urges “Get Your Heart On”

Proposition Love Jewelry, a gay-owned and operated fine jewelry company based in Los Angeles, has launched video, “Get Your Heart On,” featuring men who definitely know how to “put a ring on it,” as a symbol of their love and commitment.

 
 

Proposition Love Jewelry donates 10 percent of profits to organizations that support marriage equality, gay rights, LGBT youth, anti-bullying, and HIV/AIDS activism.

“Proposition Love Jewelry is the perfect way to show your devotion to the person you love and nothing does this better than an enGAYgement or wedding ring,” said Jonathan Tack, co-founder of Proposition Love Jewelry.

The Proposition Love Jewelry collection may be purchased online. Select styles are available at Macy’s through www.macys.com. Through the end of March, order directly through www.propositionlove.com using promo code: LoveIsLove for 25 percent off and free shipping.

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Frederick Goldman Purchases Assets of Scott Kay

High Line Precious Acquisition, an affiliate of Frederick Goldman Inc., and one of the largest jewelry manufacturers in North America, has purchased the assets of Scott Kay. 

“I am honored to carry on the legacy of Scott Kay’s highly passionate, creative and pioneering spirit,” says Jonathan Goldman, Frederick Goldman, Inc., Chairman & CEO. “Scott had such an amazing commitment to family, faith and values, which is something we highly value at Frederick Goldman Inc.  We couldn’t be more pleased to welcome the Scott Kay brand into our family.” 

As a prestige luxury brand, Scott Kay holds an important position in the marketplace. The pioneering spirit that created and built the Scott Kay brand will continue to drive future growth within the fine jewelry industry by leveraging its reputation, unique design aesthetic and the rich library of Scott Kay designs, said the company. 

“The acquisition offers us the ability to build upon a very well recognized and respected consumer brand name.” says Jonathan Goldman. The Scott Kay brand fulfills a clear need within the jewelry industry for branded, distinctively designed, high quality bridal, wedding, and fashion jewelry. “There really is no other branded collection to compete with Scott Kay, and we believe the opportunities for growth are extensive.”

 

Scott Kay’s design, sales and marketing will continue to operate as a separate entity.  Adam Gurian, in addition to his role as Executive Vice President of Global Sales and Merchandising for Frederick Goldman, Inc., will assume the role of General Manager for the Scott Kay brand.

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MJSA Vision Awards Calls for Entries

Since its first winners debuted at the 1992 Expo New York, MJSA's annual Vision Awards competition has showcased outstanding jewelry design. In 2014, MJSA revamped the program, adding new categories and expanding to focus beyond just design to the business of design--to great success. We are looking forward to seeing the exciting things that designers are creating for 2015. 

The deadline for submissions is April 2.

MJSA ensures the Vision Award winners receive the recognition they deserve by promoting their triumph through the industry's leading publications, which in 2015 will include INSTORE, Metalsmith, and the association's own MJSA Journal.

In addition, the winning entries will be on display for thousands of buyers and exhibitors during the March 2016 MJSA Expo New York, the largest and oldest trade show in the U.S. dedicated to professional excellence in jewelry making and design. Other prizes include gift certificates of up to $500 (courtesy of Rio Grande), cash awards, book libraries, and, for student winners, scholarships up to $1,000. 

Award categories include:

Professional Design Excellence (1-3 years in business):
Honors designs that exhibit exceptional creativity, craftsmanship, and marketability by jewelers in business for 1-3 years 

Professional Design Excellence (4+ years in business):
Honors designs that exhibit exceptional creativity, craftsmanship, and marketability by jewelers in business for 4 or more years 

Future of the Industry (Student):
Sponsored by the MJSA Education Foundation
Recognizes the work of students in jewelry-related programs who exhibit exceptional design talent and creativity 

Custom Design Distinction: 
Sponsored by Century Casting Co., Inc.
Honors designs that met a client's request and the challenges encountered during the design process and how they were overcome

Laser Distinction:
Sponsored by LaserStar Technologies
Honors entries in which the design relied upon the use of a laser and any technical challenges that were overcome to take the piece from concept to completion

CAD/CAM Distinction:
Sponsored by EnvisionTEC Inc.
Honors designs that were created with the use of CAD/CAM technologies and the challenges that were overcome to take the piece from concept to completion 

Digital Marketing Distinction:
Sponsored by StrategyWerx
Honors a business that has created a digital marketing program (website, social media, blogging, etc.) that is above and beyond 

For more information see http://www.mjsa.org/events_and_programs/mjsa_vision_awards.

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WJA DIVA Design Competition Names 2015 Award Winners

The Women's Jewelry Association has announced the winners of the 2015 WJA DIVA Design Competition, an annual contest founded in the late 1990s as a way to encourage women from all walks of life to express their creative voices through the medium of precious metals and gemstones.

The competition is open to all women, whether or not they are employed in the jewelry industry and whether or not they possess any formal training. 

The winners of Gem DIVA awards, a WJA-sponsored category of the well-known AGTA Spectrum Awards, will be honored at the AGTA Spectrum Awards Gala in Tucson on Feb. 7. Gem DIVA honors women designers and their specific accomplishments with actual jewelry that showcases the best in colored gemstone design.

The winners of Dazzle DIVA awards showcase jewelry design in drawing, rendering or photography, with the 2015 WJA theme of "Transformation," to mirror WJA's current encouragement to members to "Connect and Transform." This portion of the contest allows a wide range of designers to enter the contest, whether they can afford to manufacture the jewel or not. 

Both Dazzle DIVA and Gem DIVA winners will be honored on March 10 at WJA In The Spotlight, an evening event to be held at Convene, at 730 Third Avenue, New York City. WJA awards each DIVA winner $250 plus a trophy. Winners' hotel and travel expenses to New York City to attend WJA In The Spotlight are also covered by the association.

"WJA supports women designers through Gem DIVA and Dazzle DIVA awards, and we congratulate all winners," says Andrea Hansen, WJA president. "We look forward to toasting them at WJA's In The Spotlight event!"

"From Gem DIVAs celebrating colored gemstones, to Dazzle DIVAs celebrating the artistry of two-dimensional design, each contest encourages creativity," says WJA DIVA Competition Chair Cindy Edelstein. "We'd like to thank Gem DIVA judges Gurhan, Dawn Hendricks, Andrea Hansen, and Tanya Dukes, for joining me in choosing these winners. A huge thanks also to Dazzle DIVA judges Jennifer Heebner, Sia Maravelias, Monica Stephenson, Cheryl Kremkow and Marlene Richey for their work in selecting our second group of winners."

This year’s winners include:

GEM DIVA Bridal Category

Winner: Suzanne Kalanjian, Suzanne Kalan
Honorable Mention: Hyeseon Na, Real Gems, Inc.
Honorable Mention: llyn strong, llyn strong fine art jewelry
Honorable Mention:  Caitlin Mociun, Mociun

GEM DIVA Business/Daywear Category

Winner: Elizabeth Garvin, Elizabeth Garvin Fine
Honorable Mention: Parul Kuki Seth, Parulina
Honorable Mention: Robin Waynee, Ryan Roberts Ltd.

GEM DIVA Classical Category

Winner: Caroline Chartouni, Caroline C.
Honorable Mention: Paula Crevoshay, Crevoshay
Honorable Mention: Annie Fensterstock, Annie Fensterstock
Honorable Mention: Monica Rich Kosann, Monica Rich Kosann

DAZZLE DIVA Bridal Category

Winner: Pamela Froman, Pamela Froman Jewelry
Honorable Mention: Julie Romanenko, Just Jules
Honorable Mention: Laurence Bruyninckx, LX Collection

DAZZLE DIVA Business/Daywear Category

Winner TIE:  Delphine Leymarie, Delphine Leymarie
Winner TIE:  Allison Morgan & Elizabeth Read, Charlotte Allison Design
Honorable Mention:  Georgianna Koulianos, GK Designs

DAZZLE DIVA Evening Category

Winner:  Laurence Bruyninckx, LX Collection
Honorable Mention:  Alison Nagasue for Ritani
Honorable Mention:  Kerri Halpern, Madstone Jewels 

 

For more information, visit www.womensjewelryassociation.com.

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GIA’s GemKids Schools Program Free to Download

Third through fifth grade teachers have a new colorful way to engage and excite students about geology, minerology and gemology through GIA’s new GemKids for Schools curriculum.

From volcanoes spewing lava to digging for hidden jewels, students can roll up their sleeves to discover science lessons hidden deep within the Earth. Best of all, this cross-curricular and standards-based program is free to download.

Created by GIA, GemKids for Schools provides students with big-picture connections between nature, human industry, arts and culture. The program covers how gems are formed in nature, the different methods used to mine them, how civilizations have valued gems throughout history, and much more. By studying gems, students will explore the history of our planet, have more conversations about the intersecting worlds of business and culture, and better understand the changing definitions of beauty and value.

GemKids for Schools is a great way to instill a passion for learning about science and how it connects to the history of the world. The curriculum is designed to complement existing elementary school Earth science programs and requirements in the U.S. Teachers and parents can find out more by visiting gemkids.gia.edu/gem/teacher-guide. The curriculum is available there to download completely free of charge.

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Levears Helps Earlobe Stretching

Levears, a South Florida based company, is changing the way women wear earrings. Levears prevent earrings from pulling down, sagging, flopping forward or stretching the piercing and earlobe.

Levears help prevent further stretch and tear to earlobes that have naturally lost firmness over time, have stretched due to heavy earrings, or piercings that are misplaced. They work by leveraging the part of your ear above the pierced hole to help spread the weight of your earrings over a larger area, instantly giving earrings a lift to make them stand upright. Designed with a Left and Right back, this patented design technology provides an instant lift and makes earrings look much more visible from the front, with a more secure feeling on the ear.  Just replace your regular earring backs with Levears! 

Levears are the creation of Robin Levinson, co-owner of Levinson Jewelers, South Florida’s premier luxury jeweler, who has over 30 years of experience as a luxury jewelry retailer.  “Through years of trial and error, I was able to design a product that gave my earlobes the support they needed, no matter which earrings I wanted to wear,” said Levinson. “I began giving Levears to my clients as a trial,  and after seeing the look on their faces when they experienced the difference, I decided to make them available to everyone.”  

Claire Marino, wife of Hall of Fame Quarterback Dan Marino, was one of the first clients to receive an early pair of Levears. The Marino’s were so impressed with the dramatic results that they decided to partner in the venture. “When Dan saw the earring backs for the first time, he immediately realized the magic of what they do. He brought them home for me to try and I was amazed at the difference it made with my earrings,” said Claire Marino. 

 

Levears work on every type of post earring: light or heavy, big or small, hanging or studs, and work well on both fun and fine jewelry. They are available in Reinforced Sterling Silver, 14K Yellow Gold and 14K White Gold. Levears are built to last, and are made here in the USA by one of the leading jewelry manufacturers in the world. Leavers can be purchased at www.levears.com or at retail partner locations.

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Winter Issue of Gems & Gemology Now Available

The Winter 2014 issue of GIA’s peer-reviewed journal Gems & Gemology reviews rough diamond auctions and pricing, the Argyle mine’s pink diamond tenders, a gemological study of the 12.03 carat Blue Moon diamond, the separation of natural and synthetic emeralds using vibrational spectroscopy, and much more. The issue is now available in print, and online with exclusive video content. 

The cover story, “Rough Diamond Auctions: Sweeping Changes in Pricing and Distribution” by GIA Senior Industry Analyst Russell Shor, examines the growing percentage of rough diamonds being sold through auctions, a shift that has caused price volatility while opening up supply to more manufacturers and dealers. He explains that some in the industry advocate auctions as a more accurate reflection of rough diamond market values, while others fear they encourage price volatility and speculation. 

Next is “Exceptional Pink to Red Diamonds: A Celebration of the 30th Argyle Diamond Tender,” an insightful review by the GIA laboratory’s John King, Dr. James E. Shigley and Claudia Jannucci. Over the years, GIA has graded extremely rare polished pink diamonds from Australia’s Argyle mine, which have been sold for 30 years through invitation-only tenders. This article presents a concise survey of the color, carat weight and cutting style of the gems offered through those tenders.

In another feature, Dr. Eloïse Gaillou of the Paris School of Mines, Dr. Jeffrey Post of the Smithsonian Institution and their co-authors present a gemological study of the 12.03 carat Blue Moon diamond, an internally flawless Fancy Vivid blue diamond. Discovered at the historic Cullinan mine in early 2014, this diamond set the auction record price for a rough gem prior to its fashioning. In the final article, Dr. Le Thi-Thu Huong from the Hanoi University of Science and her co-authors deliver a preliminary study – contrasting FTIR and Raman spectrometry – on the topic of separating natural and synthetic emeralds using vibrational spectroscopy. 

The issue also includes entries on the first non-nacreous beaded cultured pearl, a new Ethiopian black opal deposit, a beryl and topaz doublet set in fine jewelry, and demantoid garnet from a new deposit in Pakistan’s Baluchistan province.

 

Additional details about G&G, full articles, more in-depth coverage, hundreds of additional photos, and exclusive video footage are available on GIA’s website at www.gia.edu/gia-news-research.  

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Stuller’s Annual Bench Workshop Set for March 27-29

Stuller’s annual Bench Jeweler Workshop will be held at the company’s Lafayette, LA headquarters March 27-29.

For two days, jewelers from around the country will share tips, learn from each other and industry pros, and network with peers. Experience the latest tools, equipment and techniques hands-on. Pick up tips at demonstrations and in-depth seminars, focusing on jeweler continuing education and current issues pertinent to owners and sales teams. 

“There’s something here for everyone, from novice to pro,” says Darrell Warren, vice president merchandising. “Take classes that interest you, visit skill and product demos, talk shop with other jewelers, and be among the first to handle new products and technology debuting in the industry – it’s all here at the Workshop.”

The event will host popular seminars like Basic Diamond Grading, and new ones focused on assembly and findings, plating, and polishing, among other things. One new class, jewelry photography, will discuss how to take better images for use on a website, and also emphasize the importance of photography during the repair process. 

“We open our home to share what we’re learning and the challenges we’re facing, but also to hear about the struggles and triumphs from jewelers across the country,” says Tammy Kidder, vice president merchandising. “When we all come together to support our peers in the industry, that’s when the true value of the Workshop really shines through.”

 

Learn more or register for the workshop at www.benchjeweler.com/Workshop.

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Prima New York Taps Jewelry Sales Force

Prima New York, Inc. has chosen New Jersey-based sales and marketing firm, Jewelry Sales Force to distribute their designer line in the U.S. and abroad.

Eli Kashi, Prima New York’s CEO, states “Joe Kochmar, CEO of Jewelry Sales Force – whose deep industry sales experience includes working with Gabriel & Co. for over 18 years as well as representing Unique Settings of NY – has both the knowledge and skills to help retailers to compete with the internet and chain stores.” 

Joe Kochmar said, "Prima New York embraces a culture that is rarely seen in jewelry manufacturing today. From customer service, value, marketing, and delivery – Prima New York has the whole package. In today’s competitive world, retailers want to focus on managing their stores and building customer relationships, not dealing with suppliers; a service-oriented manufacturer like Prima New York allows them to do that.”

 

For more information, contact Joe@JewelrySalesForce.com.

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Jewelers for Children Honors Mellier, Burger

Jewelers for Children will hold the annual Facets of Hope on Sunday, May 31, 2015 at the Mandalay Bay Resort Hotel Casino in Las Vegas, NV. Philippe Mellier, CEO of De Beers Group and Scott Burger, CEO of the Americas for Pandora will be honored.

The event celebrates the success of JFC's fund raising efforts for the year, and commitments to the charity partners are announced.

In 2014, more than 1,800 industry guests attended during the Las Vegas market events.

Both Mellier and Burger have agreed to serve as guests of honor at the event with the responsibility of assisting JFC in raising funds to benefit children who are the victims of catastrophic illness or life-threatening abuse and neglect. Each year, prominent industry leaders are honored by the charity.

“Philippe and Scott are so well deserving of this very special honor," said Ruth Batson of the American Gem Society, JFC Chairman. "Their commitment to giving back, particularly when children are involved, is commendable.”

The festivities will begin at 6:00 p.m. in the South Seas Ballroom on the third level of the hotel, with dinner and the program beginning at 7:30 p.m. The evening will continue at 9:00 p.m. when the annual JCK Rocks the Beach party begins.

Anyone interested in attending or sponsoring can contact JFC at (212) 687-2949 or info@jewelersforchildren.org.

Details and participation forms are available at the JFC website, www.jewelersforchildren.org.

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Indian Jewelry Council Hosts Award Event

The Gem & Jewellery Export Promotion Council hosted the ‘India Gem & Jewellery Awards, its first event for year 2015, that recognized and rewarded star performers of the Indian gem and jewelery sector, in the presence of Honorble Chief Minister of Maharashtra, Shri. Devendra Fadnavis.

GJEPC’s IGJA has become one of the foremost recognition platforms for the jewellery sector in India to encourage exports and award excellence in manufacturing, finance and innovation. 

The jury members, who selected the winners include: Smt. Nirupa Bhatt, Managing Director (India & ME), GIA; M Narendra, former CMD, Indian Overseas Bank; and Pawan Bindal, Director, Dun & Bradstreet. 

Honorable Chief Minister Shri. Devendra Fadnavis stated: “The winners of IGJA are the real gems who have given the much needed boost and taken the industry to the next level.  We would be honored to partner with the gem and jewelry industry that has earned us so much of foreign currency and given employment which truly adds value to our economy. Considering the issues faced by the industry we will soon have a joint discussion with the Prime Minister and the Finance Minister along with some of the leaders of gem and jewelry industry to resolve the issues. I’m glad to see the industry progress internationally and wish it expands in Maharashtra as well.” 

Congratulating the winners and industry for their participation, Vipul Shah, Chairman, GJEPC said, “The India Gem and Jewellery Awards recognizes the business leaders across categories. Honorable Chief Minister’s prompt consideration & assurance towards resolving gem & Jewellery sector challenges such as bank guarantee for VAT, lending licence to ABN Amro, Convention centre in Mumbai, are much appreciated by the trade. GJEPC is committed to support the state Government in planning a roadmap to overcome challenges faced by the Industry and help drive the exports from the state of Maharashtra.” 

He added, “Beginning last year, GJEPC has added new categories honoring women entrepreneurship, CSR initiatives and innovations undertaken by nominees, besides extending segmental awards to include small and medium businesses”.

Colin Shah, Convenor, IGJA said, “The India Gem and Jewellery industry is a classic example of ‘Make in India’ and Making India Proud.  And the India Gems & Jewellery Awards aim to boost this passion and excellence in the trade. In addition to honouring super performances in the area of manufacturing, designing and innovation among others, we have new categories honouring women entrepreneurship, CSR initiatives and innovations, besides extending segmental awards to include small & medium businesses”. 

As every year, this year too, the selection process followed a rigorous methodology and judging criteria based on a proprietary quantitative model developed by D&B and an independent jury consisting of senior members from Dun & Bradstreet, Indian Overseas Bank and GIA to select the final winners.

GJEPC’s India Gem & Jewellery Awards, remodeled last year, has gained recognition and popularity from across the country and the world. Please refer annexure for winners list as per categories. 

IGJA 2014 was sponsored by GIA, co-partnered by Malca Amit JK &  Kiran Gems Pvt. Ltd. and knowledge partner was D & B.

Honorable Prime Minister at the recently concluded World Diamond Conference announced the creation of Special Notified Zones in Mumbai & Surat to accelerate the import and trading of rough diamonds in India to give a boost to the diamond and studded jewellery manufacturing industry in the country. GJEPC along with the representatives from the Indian Government will visit the Special Notified Zones in Belgium and Dubai to take the project further and give it a shape by this budget. GJEPC in coordination with the GOI hopes to understand/replicate a time-tested model in India.

Another milestone achieved by GJEPC is the establishment of GJSCI, under the aegis of National Skill Development Council (NSDC) and in collaboration with other associations of the gems and jewellery sector in the country. This will ensure aspiring talents get training as per international standards, resulting in the best artisans and much needed skill to develop and give quality and state of the art products to the world. 

 

Keeping the pursuit of community welfare on, GJEPC launched its own CSR platform - “Jewellers of Hope” that’s supports an NGO every year. In the first year, the Council was able to contribute to Make a Wish Foundation.

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Appraisers International Begins Online Course

The AISociety-Appraisers International Society (AIS) begins global, online, offerings of its AiCertification2015 with the Feb-2nd live, AiResidence sessions of its 5-course series of Valuation Appraisal courses to AIStandard v4.0 for gems, jewelry, watches and other personal property.

AIS Founder & President Elly Rosen is widely recognized as the pioneer of professional personal property valuation and appraisal education, testing, certification and referrals. He headed up the first professional personality program ever offered from its start in 1982, serving as primary developer and instructor for the first, formative development decade of 1982-1993.

Since 2011, advanced, global, multi-specialty AIS Accredited International Valuers from seven countries on four continents worked with Elly in twice weekly live, audio-video sessions in AiCertification's state of the art online classroom.

All told, over 3,000-hours were devoted to development of the AISociety’s live, online, Global Valuation AIStandard, advancing 2010's Version-3 to 2015's Version-4.

AiGovernance Chair, Bill Korst, a Minneapolis gem dealer and appraiser, says about AiCertification: “AIS educational programs are especially dedicated to those who wish to take valuation and related appraisal services to a whole new level. The AIS advanced program leads the way to get you to the top of the Valuation & Appraisal profession for all valuation and appraisal needs, in all free market economies and global jurisdictions. Though I was educated, tested and certified as an appraiser through all of the major appraisal organizations since 1981, no program out there comes close to what is offered in the 250-classroomhours of the 5-course, Triple-Crown Diploma programs of AIS”.

AiGovernor and Residential Contents Division Chair, Randeen Cummings of Eugene, OR, an appraiser with 30-plus years of experience with antiques, collectibles, art, estate jewelry and residential contents said: “In my experience with 3-decades of courses, the depth of professional appraisal instruction in AIS courses is the best available, with principles applicable to all personal property.”

Registration information is available here.

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GIA Will Exhibit Dreher Sculptures

More than 20 intricately carved and lifelike animal sculptures by world-renowned gemstone carvers Gerd and Patrick Dreher will go on exhibit at Gemological Institute of America’s world headquarters in Carlsbad, CA beginning Feb. 19.

The Dreher family, whose legacy dates back five generations, is part of the 600-year gemstone carving tradition in Idar-Oberstein, Germany, a major center for the cutting and carving of gems. “Generations of Mastery: Gemstone Carvings by Dreher” will be on view through summer 2015.  

“Pieces by the Dreher family are among the most admired gemstone carvings in the world,” said Terri Ottaway, curator of the GIA Museum. “Their sophisticated designs and artistry have been refined and passed down through generations. We’re incredibly fortunate to be able to share the Dreher family’s extraordinary craftsmanship.”

Known for its one-of-a-kind gemstone carvings, particularly animal sculptures, the House of Dreher has created celebrated pieces since the late 1800s. In the mid-twentieth century, the family gained further acclaim for their work with design house Fabergé. Today, their carvings can be seen in museums around the world and in private collections. Dreher creates sculptures using many different gem materials, but a favorite of the design house is natural agate from Rio Grande do Sul, Brazil.

The more than 20 gem carvings in GIA’s “Generations of Mastery: Gemstone Carvings by Dreher” exhibit depict lifelike animals such as a chameleon, a starfish, and a frog perched on a lily pad. The Drehers are known for their extensive study of animals and other creatures, drawing from as many as 500 photos of each subject to create the superb detail in their works of art. Pieces in the exhibit include jasper, agate, tourmaline, ruby in zoisite, smoky quartz and grossular garnet.

The pieces exhibited are on loan from the Larson family of Fallbrook, CA. Bill Larson, owner of Pala International, is a well-known collector and connoisseur of gems, minerals and carvings.

“Generations of Mastery: Gemstone Carvings by Dreher” will be on display from Feb. 19 through summer 2015. GIA’s museum is free and open to the public Monday through Friday from 8 a.m. to 5 p.m. Reservations are required and must be made at least 24 hours in advance by emailing guestservices@gia.edu or calling 800-421-7250, ext. 4116 or 760-603-4116.

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Designer Rotenier Introduces DVD Courses

Paris-trained jewelry designer and teacher Rémy Rotenier of Rémy Design has introduced two DVD courses.

The first, Counter Sketching Jewelry, teaches how to make black and white custom design sketches on paper in front of a client.

The second, Color Rendering of Jewelry, instructs how to render jewelry designs into finished paintings that can be presented to customers. The two courses encapsulate classes that Rotenier has taught at jewelry and design schools for years, and incorporate skills he has learned in 30 years as a professional designer.

Course 1: Black and White Counter Sketching

In Counter Sketching Jewelry, Rotenier teaches pencil and paper sketching to quickly capture ideas and bring to life a design concept in front of a client. He explains the materials jewelers need to sketch, and how to organically draw gemstones and jewelry in three dimensions. He also teaches how light hits opaque, metallic, and transparent objects differently as they are drawn. Concepts such as perspective, values (shades of color from light to dark), and shadows are thoroughly covered.

"It's really important if you sell custom jewelry to learn how to draw a little bit," says Rotenier. "Even in this era of so many digital design options, the ability to free-hand draw is impressive. You're able to get into clients' heads and really deliver the individualized design they want. When you sketch in real time, you also gain their trust that you have skills as a jewelry artist. You've shown them that you're not afraid to grab a piece of paper and start drawing. It gives clients a greater level of respect for the complexity and detail that go into creating a piece of jewelry. And there's no question it will help you close more sales."

Retail sales associates, students, jewelry makers, and designers can all benefit from Counter Sketching Jewelry's lessons. A special section of the DVD offers Rotenier's advice on working with custom clients, gained through many years of personal experience. He offers insight into many customers' fears and worries about the design process and costs. Jewelers also learn how to set up a comfortable space to relax clients and establish trust. The designer coaches custom jewelers in how to subtly observe a customer's style, talk about budget, and listen carefully.

Course 2: Color Rendering of Jewelry

In the second course, Color Rendering of Jewelry, Rotenier teaches the classic European tradition of color hand rendering, which he himself learned in Paris. The course takes students though basic techniques, and on to the higher level art of rendering metals and gemstones into professional-quality gouache presentation paintings.

"Though CAD renderings are amazing, there is something romantic about having the ability to design a painting of exceptional realism, vitality, and sparkle," says Rotenier. "Gouache paints are heavier and more opaque than simple watercolors, and have been used by jewelry artists and the great jewelry design houses for centuries. To present such a gift to your clients is to enhance their experience of buying something hand made. It also links them with jewelry's long history and commemorates their own personal journey in buying a bespoke object, in a sublimely memorable way."

Rémy Design's DVDS were produced in collaboration with Blaine Lewis, founder of the New Approach School for Jewelers, Franklin TN. They employ the same advanced, high-magnification video and multiple camera angles that Lewis uses to teach his jewelry making classes. Each two-disc course includes downloadable digital files of helpful worksheets and design guides developed specifically for the DVDs.

"Rémy takes viewers carefully through the drawing process, building skills layer-upon-layer in a very easy-to-follow manner," says Lewis. "One of the reasons I love to have him teach at New Approach is that he is such a dynamic teacher and breaks down concepts with such clarity and simplicity. You can take a beginner and truly build confidence using this style of teaching. These DVDs are an instructional breakthrough in that regard. Also, while many electronic sketching courses attempt to cover the subject in just an hour, Rémy's DVD courses are more than three hours in length each, and are much more in-depth."

Rotenier has been working for international jewelry houses in Paris and the United States for 30 years. The designer currently creates collections from the most affordable to the high end, and accepts custom design commissions. He also teaches at leading design and jewelry schools across the United States and trains designers and sales associates at major jewelry companies and retail stores, along with tutoring and mentoring private students.

Each DVD can be purchased for $175 through the Rio Grande catalog at www.riogrande.comwww.riogrande.com.

For more information about Rémy Design, visit remydesign.net.

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Late Scott Kay’s New Collection to Debut on Sunday

The one-hour premiere of “Scott Kay Jewelry Designs” is scheduled to be broadcast live on QVC Sunday, February 1 at 9 AM (ET) with a second one-hour show at 3 PM (ET) the same day.

Tiffany Kay, Scott Kay’s daughter and co-creator of the unique collection, will present the pieces on air.

“It will be an honor to continue my father’s legacy and the exciting new journey we have with QVC,” said Kay. “He had a story to tell with a message of faith, deep-rooted dedication, and to never compromise.  I can’t wait to personally connect with the QVC customer and share the stories that inspired each design.”

“Other jewelry brands have enjoyed greater consumer awareness through their presence on QVC. We’re excited about the opportunity to expand the reach of Scott’s incredible fashion designs and the halo effect it brings to our bridal jewelry,” commented David Minster, Scott Kay CEO.

The Scott Kay collection at QVC includes a wide range of necklaces, bracelets, earrings and rings that are crafted in sterling silver and set with gemstones and Diamonique simulated gemstones. The line was created with the hope to inspire the lives of QVC's customers with the messages that shaped every design. 

“We are eager to share Scott Kay’s vision with our customer,” said Diane Paccione, QVC’s vice president of merchandising for beauty and jewelry. “Having Tiffany present the collection and share her father’s inspiration will resonate with our viewers who value the stories behind the pieces they see on QVC.”

For more information about Scott Kay’s collection on QVC please visit QVC.com.

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Sixth Antwerp Diamond Trade Fair Opens in One Week

With one week to go until the opening of Sixth Edition of the Antwerp Diamond Trade Fair), the organizers are completing the last preparations before Antwerp's diamond quarter will be welcoming the many hundreds of buyers who have registered for the fair. 

On Sunday, February 1, the doors of the Antwerp Diamond Bourse, the Diamond Club of Antwerp and Antwerp's Rough Diamond Bourse will open, offering visiting buyers access to the show booths of more than 90 of Antwerp's leading diamond firms, which will be displaying a truly dazzling choice of diamonds, in all sizes, quantities, prices and qualities. 

"Advance registration will start on Saturday afternoon, January 31, at the Radisson Blu Astrid Hotel," Nicole Decombes, member of the organizing committee said. "From Sunday morning and onward, registration will continue in the lobby of the Kring, at Hoveniersstraat 2, the main street of the diamond quarter. This year, the visitor identification tags will also include a head-and-shoulder shot of the visitors," she continued.

A highlight of the three-day event's programme is the "Antwerp Diamond Night" offered by the AWDC on Sunday night. On Monday February 2, the diamond consultant and author Marijan Dundek of Graff, London, will talk about "The Magic World of Diamonds" during his breakfast meeting seminar, at the Radisson Blue Astrid. The breakfast seminar of Tuesday morning will feature Dr. Katrien De Corte, Chief Officer of Education at HRD, who will present an overview of the latest developments in diamond grading and identification. 

As has become tradition, during the fair lunch is served in the restaurants of all three trading halls. "The ADTF is the world's only by-invitation-only trade fair for diamonds," Ms. Decombes said. "We do our best to make sure that once our guests arrive, they are taken well care of, so that they can concentrate on what they come to do: business, in a warm, secure and welcoming environment!" Outside the halls, however, it will be cold as during the fair days temperatures will hover around the freezing point. 

Invitations to the ADTF can be obtained directly from the organizers, either through referral by one of the ADTF exhibitors, or through registering on the website of the Fair at www.antwerpdiamondfair.com

The Antwerp Diamond Trade Fair is powered by the Antwerp World Diamond Centre.

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Rona Fisher Will Participate in MJSA Online Challenge

Rona Fisher, of Rona Fisher Jewelry Design in Philadelphia, has been selected as to participate in the 2015 MJSA Online Design Challenge.

For the sixth consecutive year, the jewelry industry organization is hosting the online-only project. Each year, nine designers are supplied with a fictional scenario involving a special piece of jewelry to be designed around a particular stone. Every month from January through September, MJSA Journal will present the design of one of the nine participating designers in its online version. The ideas behind each design will also be included. Fisher’s design entry has been chosen for January.

In October, the public will be invited to vote, and the winning design will be featured in the December 2015 print issue of MJSA Journal.

This year’s Design Challenge, titled “A Little Piece of Home,” is centered around a natural, 4.59-carat purple sapphire available from the project’s sponsor, Omi Gems in Los Angeles. The fictional scenario involves a father who wants to give his daughter a special piece of jewelry upon her college graduation and before she leaves home to begin her career.

Fisher met the challenge by designing a palladium ring that includes elements representing ideas meaningful to the fictional characters. Her design, along with her remarks about how she approached the challenge, can be viewed here .    

 

For more information about the 2015 MJSA Online Design Challenge, see here.

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Mike Floskis is New VP-Finance at Frederick Goldman

Frederick Goldman Inc. has named Mike Floskis as Vice President Finance & Controller.

Most recently Mike was an Executive Finance Leader at Tiffany & Co for over 10 years.  Prior to that, he worked at Hasbro, Inc., a global branded play consumer goods company for 19 years where he served as Senior Vice President, Finance and Administration – U.S. Toy Group.

Mike earned a Bachelor of Science degree in Accounting from Bentley College and an MBA from Babson College. He is also a Rhode Island Certified Public Accountant. With his vast financial leadership experience and strong educational background, Mike will be responsible for Inventory Control, Cost Accounting, Cash Operations and Treasury Operations in his new role as Vice President Finance & Controller at Frederick Goldman, Inc. 

 

“With Mike’s diverse financial background in fine jewelry and consumer goods, he brings an ideal blend of credentials, proven leadership capabilities and experience” says Jonathan Goldman, Frederick Goldman, Inc., Chairman & CEO. “Mike’s appointment continues to strengthen our management team as we look toward future growth.”

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Thistle & Bee Opens First Retail Store

New York-based Thistle & Bee will celebrate the opening of its first branded retail store, Thistle & Bee Too, with a Silver Promotion Service co-sponsored evening on February 11th. 

The event will celebrate Sterling Silver and Thistle & Bee’s new foray into a branded retail space. 

Thistle & Bee Too, at 1382 Third Avenue on New York’s Upper East Side, offers a selection of its luxury sterling silver jewelry collections in both standard and extended sizes to serve both the traditional and plus sized fashion community. 

The Thistle & Bee Too flagship will offer many of the bold, beautiful and classically inspired Thistle & Bee designs in an extended range of sizes, including a unique selection of styles tailored for the plus size woman.

Addressing a void in the fine designer jewelry market, the Thistle & Bee Too selection includes rings in sizes 6-12, bracelets in S-XL, and necklaces in a variety of extended lengths.

“We are thrilled to have the Silver Promotion Service as our co-sponsor. They have long been dedicated to building awareness and enhancing the image of fine Sterling silver jewelry - and we are grateful for their sponsorship and the support they have provided over many years” says Richard Castagna, President of Thistle & Bee and Thistle & Bee Too. 

“Our new retail store is an exciting venture for us on multiple levels”, Castagna continues.

“Having established Thistle & Bee as an international brand through our partnerships with our network of independent retail jewelers, we’re looking forward to complementing that wholesale business with our first branded retail store” he adds. 

“While fashion brands are increasingly recognizing the need to offer fine clothing to the plus-sized woman, fine jewelry brands have largely ignored that plus-sized consumer. Our new Thistle & Bee Too flagship represents a new era in fine jewelry, as we have carefully curated our sterling silver collection to appeal to both the traditional and plus-sized audience.” 

 

Thistle & Bee Too is open Monday through Saturday.

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Synchrony Financial Invests in GPShopper

Synchrony Financial has invested in GPShopper, an innovative developer of mobile apps with a focus on the retail industry.

The investment enables Synchrony Financial, a premier consumer financial services company with 80 years of retail heritage, to complement its proprietary mobile offerings, which currently include account acquisition, management and reward redemption.

An expanded suite of solutions for retailers will integrate credit more easily into the shopping experience with personalized offers, mobile payment capabilities, loyalty programs and other key features.

“We’re making strategic investments that align with the needs of retail partners and consumers. Partnering with GPShopper builds on our existing mobile platforms for credit applications and account servicing with easy account management functionality and new ways to engage with shoppers and enhance value for them,” said Margaret Keane, president and CEO of Synchrony Financial.

Synchrony Financial research confirms consumers are increasingly using their mobile device to research and apply for credit and manage their accounts.

In fact, more than 40 percent of shoppers surveyed report using a mobile device while they are in-store. At the same time, Synchrony Financial continues to see rise in mobile credit applications, which more than doubled year-over-year, while mobile service grew by more than 50 percent.

GPShopper’s platform can connect credit and loyalty with in-store and mobile shopping, to create a branded and seamless customer experience.

Terms of the investment were not made available.

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Huw Daniel Named Global Chief of PGI; HQ Moved to Hong Kong

Huw Daniel has been appointed Global CEO of PGI, after 12 years as President of PGI USA.

The announcement was made by the Platinum Jewellery Development Association, which represents the major platinum producers (Anglo Platinum, Impala Platinum and Lonmin) and sponsor the PGI. Daniel succeeds long serving CEO James Courage who will retire at the end of April. Whilst the appointment is immediate, Daniel will take on full responsibility for PGI from April 1, 2015.

PGI will relocate its head office from London to Hong Kong, aiming to be fully operational by the summer. The move reflects the growing importance of platinum demand in Asia.

As a result PGI's Head Office will be closer to the two main markets of China and Japan and the fast growing Indian market, which together represent 85% of total consumer jewellery demand, and are also important platinum jewellery manufacturing centres. Huw will also cover the USA which remains a key global market for PGI.

Andrew Hinkly, Executive Head Platinum Marketing at Anglo Platinum, representing the three sponsors added: "The Platinum Guild's move to Hong Kong and the appointment of Huw Daniel recognises the importance of platinum jewellery in Asia, along with continuity of leadership from within the PGI.

Jewellery represents over a third of total platinum demand and we, as the main producers, recognise the importance of continuing to invest substantially in its future development and to work even more closely with leading retailers and manufacturers in the four PGI markets."

Daniel brings his U.S. platinum knowledge to his new role as well as Asian experience from working in Hong Kong and the Asia Pacific region in advertising and marketing. He welcomes the opportunity: "It's an honour to be invited to build on James' outstanding legacy, and so exciting to return to Asia at a time when platinum is being embraced by new generations of consumers."

Daniel will establish a new Head Office team, to transfer the skills and leadership from the existing Head Office. For personal reasons, the COO Nicholas Graham Smith elected not to apply for the CEO role and move to Asia, but will work closely with Daniel and Courage through the transition period in addition to the other members of the Head Office team. The sponsors also wish to put on record their appreciation for the quality of the work and leadership from the London team.

As a consequence of Daniel's move, Jenny Luker will become President of PGI USA effective February 2 2015. Luker has worked with PGI USA for 20 years across every function and has served as Senior Vice President since 2005. Daniel added, "Jenny is loved and respected by the industry and PGI teams in the US and globally, and I cannot think of a better person to lead platinum sales to new heights as growth continues to outpace overall jewellery sales in the US."

The PGI offices in the markets are led by Dennis Kao (China), Hisako Hankinson (Japan), Vaishali Banerjee (India) and Jenny Luker (USA); they will all report to Daniel.

PGI develops demand for platinum globally by working in partnership with many leading members of the retail and manufacturing industry globally, as well as by running direct to consumer programs.

Huw Daniel has been appointed Global CEO of PGI, after 12 years as President of PGI USA. The announcement was made by the Platinum Jewellery Development Association (PJDA), which represents the major platinum producers (Anglo Platinum, Impala Platinum and Lonmin) and sponsor the PGI. Daniel succeeds long serving CEO James Courage who will retire at the end of April. Whilst the appointment is immediate, Daniel will take on full responsibility for PGI fromApril 1, 2015.

PGI will relocate its head office from London to Hong Kong, aiming to be fully operational by the summer. The move reflects the growing importance of platinum demand in Asia. As a result PGI's Head Office will be closer to the two main markets of China and Japan and the fast growing Indian market, which together represent 85% of total consumer jewellery demand, and are also important platinum jewellery manufacturing centres. Huw will also cover the USA which remains a key global market for PGI.

Andrew Hinkly, Executive Head Platinum Marketing at Anglo Platinum, representing the three sponsors added: "The Platinum Guild's move to Hong Kong and the appointment of Huw Daniel recognises the importance of platinum jewellery in Asia, along with continuity of leadership from within the PGI. Jewellery represents over a third of total platinum demand and we, as the main producers, recognise the importance of continuing to invest substantially in its future development and to work even more closely with leading retailers and manufacturers in the four PGI markets."

Daniel brings his US platinum knowledge to his new role as well as Asian experience from working in Hong Kong and the Asia Pacific region in advertising and marketing. He welcomes the opportunity: "It's an honour to be invited to build on James' outstanding legacy, and so exciting to return to Asia at a time when platinum is being embraced by new generations of consumers."

Daniel will establish a new Head Office team, to transfer the skills and leadership from the existing Head Office. For personal reasons, the COO Nicholas Graham Smith elected not to apply for the CEO role and move to Asia, but will work closely with Daniel and Courage through the transition period in addition to the other members of the Head Office team. The sponsors also wish to put on record their appreciation for the quality of the work and leadership from the London team.

As a consequence of Daniel's move, Jenny Luker will become President of PGI USA effective February 2 2015. Luker has worked with PGI USA for 20 years across every function and has served as Senior Vice President since 2005. Daniel added, "Jenny is loved and respected by the industry and PGI teams in the US and globally, and I cannot think of a better person to lead platinum sales to new heights as growth continues to outpace overall jewellery sales in the US."

The PGI offices in the markets are led by Dennis Kao (China), Hisako Hankinson (Japan), Vaishali Banerjee (India) and Jenny Luker (USA); they will all report to Daniel.

PGI develops demand for platinum globally by working in partnership with many leading members of the retail and manufacturing industry globally, as well as by running direct to consumer programs.

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SMART Show Adds Fruchtman University

Toledo, OH-based Fruchtman Marketing will provide exclusive, one-on-one marketing strategy sessions to a select pre-qualified group of retail participants at The SMART Jewelry Show in Chicago April 18-20.

Presented as Fruchtman University, the in-depth, 90-minute sessions will be used to evaluate participants’ current marketing strategies and determine ways to enhance their performance.

“This is an industry first. It is an unbelievable opportunity for anyone in jewelry retail who wants take their business to the next level,” said Ellen Fruchtman, president of Fruchtman Marketing.

“In 90 minutes, we’ll give them solid advice on the marketing areas which need focus – overall strategy, media placement, and digital tactics. There is absolutely no cost for these sessions and they will be held in a private setting at The SMART Show.” She stressed that only 30 sessions are available and that all information discussed during these sessions will remain confidential.

Fruchtman University sessions will be conducted by Ellen Fruchtman and Angie Ash (Executive Vice President), who will examine marketing strategy; Shane O’Neill (Vice President), who will discuss, critique, and recommend digital programs; and Mike Sugg (Media Director), who will analyze and advise participants on media planning and placement. Those interested can apply online at fruchtmanuniversity.com.

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Jewellery & Gem Fair-Europe Adopts Sectorization Concept

UBM's successful product sectorisation concept will be implemented at the Jewellery & Gem Fair-Europe (JGF Europe) to be held in Messe Freiburg, Germany from 22 to 25 March 2015.

Under the concept, the fair will be divided into three sections — loose materials, fine jewellery and packaging, tools & equipment — to make it easier for buyers to locate exhibitors and the products they need.

“The Product Sectorisation concept received a warm welcome from exhibitors and visitors at the world’s number one fine jewellery event— the September Hong Kong Jewellery & Gem Fair. We are bringing this idea to JGF Europe,” said Ms Celine Lau, Director of Jewellery Fairs, UBM Asia.

JGF Europe, positioned as an effective B2B mid-end jewellery sourcing platform for continental Europe, will expand from three halls to four halls and will include the central foyer. The exhibition area totals 25,000sqm, which is 47 percent bigger than the first edition.

Most of the exhibitors have expanded their booths. At the Fine Jewellery section, there will also be a wider range of products and product categories. It also enjoys the support of associations and group pavilions including India, Italy, Germany, Hong Kong, Mauritius, Thailand, Turkey and the United States. “The first edition of the JGF-Europe brought concrete results to Mauritius in terms of sales and potential for exports. Manufacturers from Mauritius met serious buyers,” said Mr Dev Chamroo, Chief Executive Officer of Enterprise Mauritius, who took part in the first edition and will return in 2015 edition.

Visit http://www.jgf-europe.com/pre-registration to register.

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Owner of Day’s Jewelers Presents Check to Jewelers for Children

Jeff Corey, owner of Day’s Jewelers, has presented a check for $102,300 to David Rocha, Executive Director of Jewelers for Children and Ruth Batson, Chairman of JFC’s Board of Directors. 

As part of its celebration of 100 years in business, Day’s pledged to raise $100,000 for JFC in 2014. Jewelers for Children is a US jewelry industry organization dedicated to helping children suffering from illness, abuse or neglect through charity partners St. Jude Children’s Research Hospital, Make-A-Wish, Elizabeth Glaser Pediatric Aids Foundation, and the National CASA Association.

The money was raised in a variety of ways including voluntary payroll deduction from Day’s employees, customer contributions at point of sale, vendor contributions, and sales of certain products. Each of Day’s six retail jewelry stores in Maine and New Hampshire were challenged to find new and creative ways to earn contributions.

Funds were also raised at Day’s 100th Anniversary GALA and auction held at the Portland Westin Hotel on November 7th. Maine’s Governor and First Lady, Paul and Anne LePage were guests of honor. The evening included dinner, dancing, and an auction of many items donated by family, friends and other partners. Major sponsors of the Centennial GALA were DeBeers Forevermark, Seiko, Ritani/Julius Klein, Rembrandt, Artcarved, and Martin Flyer. 

Jeff Corey, Chairman of Day’s Jeweler’s Board of Directors, stated; “To raise $100,000 was a monumental accomplishment made possible by so many special people. I am deeply grateful to our employees, customers and to our suppliers for their amazing generosity to help us reach this landmark. Our team embarked on this ambitious goal in March. We selected Jewelers for Children because it is an amazing organization that benefits not only children in Maine and New Hampshire, but all across America.”

 

JFC President David Rocha stated, “This remarkable accomplishment by the team at Day's Jewelers is a great example how anyone can become involved and raise valuable funds to support children in need."

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Swarovski Relaunches Chamilia Brand

Chamilia (www.chamilia.com), a Swarovski Group, has announced the details of its 2015 brand relaunch.

Having completed the acquisition of the company in 2013, Swarovski has been redefining Chamilia’s‏ marketing identity and product offering. 

The new program for the brand was carefully developed on the bedrock of what it calls its “five ‏pillars” of sentiment for the female consumer: relationships, milestones, passions, inspirations and love. 

These values are reflected in the brand’s new tagline ‏“Live‏With‏All‏Your‏Heart,” as well as in its new logo with signature hummingbird icon and marketing campaign that includes six videos that feature real women telling personal stories, sharing the connection between their jewelry and life experiences. 

“With this relaunch, Chamilia is embracing the DNA of the personalized jewelry category. When people purchase silver and gold jewelry, it’s more about sentiment than with other purchases,” said Catherine Ottaviano, Vice President, Global Merchandising and Marketing.

“We will still create product with exquisite design and quality, often embellished in signature Swarovski Crystals or Zirconia. But we are re-energizing Chamilia with values that resonate with the consumer, especially as they seek authenticity in their connection to brands. Our new marketing campaign incorporates real women.

Chamilia’s relaunch began on January 15, 2015, with the debut of six branded videos to be revealed on chamilia.com once a month, for six months, and promoted via a social media campaign that encourages women ‏to ‏live ‏2015‏ “With All Your Heart.”

A national print and online advertising campaign highlighting the new tagline, hummingbird logo, and creative direction will begin to roll out in February 2015.

The relaunch will have impact at the retail point of purchase as well, with new visual merchandising and packaging featuring the updated branding. 

New product revealed in 2015 will further differentiate Chamilia from competitors in the personalized jewelry category. The brand will continue to follow strict Swarovski guidelines for quality and aesthetic standards. But this product will reflect‏ the‏ “Five‏ Pillars” philosophy behind its refreshed direction, with the category of “passions” being highlighted in a unique new collection celebrating consumers’‏ universal‏ love ‏of ‏music.

There are plans to offer stand-alone jewelry options and innovative bracelet mechanisms to complement its personalized product, although further information regarding product releases for the brand will not be announced until later in 2015. There currently are more than 400 exclusive charms available from the Chamilia brand. 

 

The line will continue to be made from sterling silver or 14 karat gold and feature genuine Swarovski Crystals, Swarovski Zirconia, or Italian Murano glass.

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IDEX Polished Price Changes for January 15

by Danielle Max

Round diamond prices saw almost universal declines, with just a few increases. Goods under 0.29 carats experienced the most positive movement, with prices up as much as 4 percent.

Very few changes noted this week in fancy cuts, with mostly declines seen in the better colors and clarities, of 2-4 percent, with 5 carats being an exception showing a price increase of 2-3 percent in DEF / VS2-SI2 goods.

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 G-I / IF-VVS1 up 3% F / SI1 increasing 4% to $1,250 per carat 

·      0.23-0.29 cts D / VVS2 down 2% 

·      0.30-0.39 cts F-H / VS2-SI2 down around 2.5%

·      0.40-0.44 cts D, G, K / VVS1 all down 3% 

·      0.45-0.49 cts F / SI2, G / IF and K / SI2 down 2%-3% 

·      0.50-0.69 cts D / VVS1-VVS2 down 3% H / VS2 also down 3%

·      0.70-0.79 cts G / IF up 3% L+ / VVS1-SI2 down 1%-3%

·      0.80-0.89 cts K+/ VVS1-SI1 down 2-3% 

·      0.90-0.99 cts G / VVS1, I / VVS1 and J / SI2 down 3%-3.5% 

·      1.00-1.24 cts E / SI1, F / VVS2 and I / VS2 down 3% 

·      1.25-1.49 cts E-K / IF-SI1 some changes of 1%-3%  

·      1.50-1.99 cts E / VS2 and SI1 down 1%-3% H / IF and VS2 down 2%-3% 

·      2 cts E-F / VS1-VS2 down 3% G-H / IF 1%-3% 

·      3 cts K+ / SI2+ dropping 1%-3% 

·      4 cts G / VS1 down 3%  

·      5 cts H-I / SI2 down 3% K / SI1 up 3% 

 

Fancy Cuts

·      0.18-0.22 cts E/ VS2 down almost 4% to $1,300 per carat

·      0.23-0.29 cts no changes

·      0.30-0.39 cts D-F / IF down 2%-3%, G/ VS2 declining 3%

·      0.40-0.44 cts no changes

·      0.45-0.49 cts no changes 

·      0.50-0.69 cts D / I1 down 3% H / IF up almost 3%

·      0.70-0.79 cts F / SI2 down 3% J / VS2 up 2% to $2,300 per carat

·      0.80-0.89 cts J / S12 down 2% 

·      0.90-0.99 cts F / VVS2 up almost 2% to $6,000 per carat 

·      1.00-1.24 cts I-J / IF-VVS2 down 2% 

·      1.25-1.49 cts D / VS1 up 3% 

·      1.50-1.99 cts no changes

·      2 cts no changes 

·      3 cts D / VS1 and G / VVS2 down 3%

·      4 cts D-F / VVS1+ down 3%

·      5 cts D-F / VS2-SI2 up 3%

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JVC Honors Signet VP Bouffard

David Bouffard with his wife, Barbara and daughter, Amanda.

On Friday January 9, The Jewelers Vigilance Committee hosted its Annual Luncheon at the Waldorf–Astoria in New York City. This year, JVC's 2015 honoree of the Stanley Schechter Award was David Bouffard, Vice President, Corporate Affairs for Signet Jewelers Ltd.

JVC proudly established the Stanley Schechter Award in 2002 to pay homage to Stanley Schechter’s legacy of integrity and courage, and to acknowledge his indelible contributions to the JVC and the jewelry industry for more than 50 years. Recipients of JVC’s Stanley Schechter Award are recognized for their leadership abilities, integrity and passion to elevate the reputation and success of our community in the U.S. and around the world.

David Bouffard began his career in the Sterling Division of Signet Jewelers Ltd. more than 33 years ago. As

Vice President, Corporate Affairs, Bouffard is responsible today for developing and implementing the Company’s Corporate Social Responsibility and Sustainability initiatives, Government and Industry relations, as well as, Signet’s Strategic Communications Planning and Corporate Giving initiatives.

Cecilia Gardner, JVC’s CEO, President and General Counsel, stated: “David’s commitment to the continuous improvement of our industry to foster confidence in our products and the companies that sell them is indefatigable. His partnership with the JVC to further our mission and goals indicates the importance that Signet places on the promotion of integrity through legal compliance.”

“David has diligently leveraged Signet’s leadership position to support and promote the importance of continuous improvement in the integrity of the jewelry industry all around the world,” said Mark Light, Signet Chief Executive Officer. “We are honored to have him as part of Signet’s management team and value his unwavering dedication, commitment and focus in leading Signet’s Corporate Social Responsibility initiatives.”

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The Miami National Antique Show Set for January 24-26

The Miami National Antique Show will run Jan. 24-26 at Miami Airport Convention Center. The show will feature more than 100 established dealers with a complete mix of fine art, furnishings, home décor, and antique jewelry.

One of the longest-running antique events in south Florida during the winter season, the event annually attracts dealers from all across the globe to exhibit in Miami. For 2015, dealers have traveled from countries such as Argentina, the Czech Republic, Uruguay, Ireland, Germany, and the United Kingdom. The show also is positioned perfectly for serious buyers within the greater Miami area, located just minutes from the Miracle Mile in Coral Gables.

Jerry Friel of Jerry’s Treasures has returned to the show after a few years’ absence with high hopes for 2015. “We have increased our merchandise selection and have a fantastic booth location, so we’re excited to showcase our fine gold jewelry to a variety of attendees.”

Show times are Saturday, Jan. 24 and Sunday, Jan. 25 from 12-7 p.m. and Monday, Jan. 26 from 12-5 p.m. Admission is $15 for all three show days.

For more information about the show or to purchase tickets, call 239.732.6642 or visit www.MiamiNationalAntiqueShow.com.

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World’s Largest Faceted Csarite Headed for Tucson

Milenyum Mining Limited will display the world’s largest known faceted Csarite gemstone at the Gem and Jewelry Exchange trade show in Tucson, AZ February 3 – 8, 2015.

The 121.65 carat pear shape rarity was cut from a rough of approximately 430 grams. Previously, the largest known faceted Csarite was an 88.49 carat pear shape that took home a coveted 2014 AGTA Cutting Edge Award.

“Achieving a faceted Csarite of this size and quality is extremely difficult, given the typical loss of rough when faceting,” stated Murat Akgun, president of Milenyum Mining Ltd, the operator of the world’s only Csarite mine. The only other large Csaritegemstones of a similar size have been cabochon gems that exhibit the cats eye and color change effect.

Erica Courtney of The Courtney Collection, exhibitor of the gem stated: “We are so excited to be able to share this one-of-a-kind color change gem with the industry! All the collectors and designers know that Tucson is THE place to find the truly unusual, so we expect to receive a lot of interest in this rare and responsibly-sourced stone.”

The lively gem is beautifully cut and exhibits a pronounced and vivid color change. It will be available to interested parties, along with calibrated goods and an extensive collection of fine-cut, larger single Csarite gemstones at The Courtney Collection, GJX Booth 2206.

Visit www.csarite.info for a list of authorized distributors and retailers.

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Dorothy Lee Burke, Owner of Burkes Fine Jewelers, Dies in Virginia

Dorothy Lee Thrift Burke, 90, owner of Burkes Fine Jewelers of Kilmarnock, VA with her husband Fred Erwin Burke, Sr., died on December 31.

In November of 1954, Mrs. Burke met her husband, and they were married shortly thereafter. She joined Irvington Baptist Church where she served as organist and many years as Chairman of the Flower and the Memorial Committees, as well as two terms as Church Clerk.

 

In time, she and her husband purchased a local jewelry store and both devoted the major part of their time to expanding the business, Burke’s Jewelry, Inc. Shortly after the purchase of the jewelry store, the couple moved to Kilmarnock to be near their business. 

Memorial contributions may be made to Irvington Baptist Church, P. O. Box 417, Irvington, VA 22480.

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India’s Gem and Jewellery Council Hosts Putin, Strikes Deal with ALROSA

The Gem and Jewellery Export Promotion Council of India, in association with the Ministry of Commerce and Industry, GOI and World Diamond Mark Foundation, organized the first ever-global congregation of diamond leaders in India at the “World Diamond Conference” in New Delhi in December. 

H.E. Vladimir Putin, Hon. President of Russian Federation and Shri Narendra Modi, Prime Minister India, attended the inaugural function on December 11, 2014.  

Also present on this occasion were Denis Manturov, Honourable Minister of Industry and Trade, Russian Federation; Shrimati Nirmala Sitharaman, Honourable Minister of State for Commerce and Industry; Illya Ryashchin, Acting President ALROSA Russia; Sonam Kapoor, Brand Ambassador, GJEPC along with Vipul Shah Chairman GJEPC and Vice Chairman GJEPC, Mr. Pankaj Parekh.      

Shri Narendra Modi, Prime Minister of India, announced the acceptance of the industry’s proposal for a Special Notified Zone that will help miners bring roughs on consignment basis display and book orders from local buyers. GJEPC’s proposes to conduct weekly auctioning of rough diamonds in collaboration with Bharat Diamond Bourse at Mumbai. The main objective is to provide producers direct access to Indian market and vice versa. India cuts and polishes more than 90 percent of rough diamonds in terms of carats and more than 70 percent in terms of value. 

At the World Diamond Conference India, Russia’s ALROSA finalized three-year contracts for direct rough supply to 12 Indian diamond companies beginning 2015. The 12 companies selected as clients of the Russian miner include Rosy Blue, Diamond india Ltd, Jasani, KiranGems, Shree Ramkrishna Exports, Hari Krishna Exports, KGK, Dimexon, Venus Jewel, Karp Impex, Sheetal Manufacturing and Asian Star.

During the new contract period, the estimated direct sales from ALROSA to Indian companies will be about $700 million, and the total for the three-year period will reach $2.1 billion. This represents a five-fold hike in the current direct supplies of rough from ALROSA to India, and will provide a huge boost to the Indian manufacturers.  

 

Commenting on GJEPC’s landmark initiative for global diamond trade, Vipul Shah, Chairman of Gem and Jewelry Export Promotion Council said, “India, which is the major diamond polishing hub, and Russia, which is poised to spend significantly in diamond exploration in the future, are Natural Diamond Partners and expected to gain enormously with the direct partnership proposal accepted by our Prime Minister today. The visit of H.E. Vladimir Putin, Hon. President of Russian Federation to India during the World Diamond Conference is of great significance and we are grateful that the GOI has accepted our proposals for Direct Sourcing and a Special Notified Zone in India.”

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CIRCA Appoints Richard Tilles President of Its Core Division

In his role, he will assume overall management for all buying and selling of pre-owned jewelry, watches and gemstones as well as day-to-day management of the company's 13 buying offices in the United States, Europe and Asia.

Tilles brings more than 20 years experience in managing and operating businesses in the pre-owned jewelry market and was the founding member of CIRCA in 2001. 

Most recently, he served as President of Richard Tilles, Inc., a company primarily involved in the buying and selling of pre-owned jewelry and gemstones.

CIRCA's Chief Executive Officer Laurence R. Grunstein commented, "We are thrilled to have convinced Richard to return to CIRCA and assume the role of President of our Core Division. 

“Richard's role in creating CIRCA in 2001 and elevating the entire experience for a consumer who wishes to sell their precious jewelry fundamentally changed this segment of the jewelry industry and set CIRCA apart. Richard has a proven track record in this business and is highly regarded by his peers and competitors for his ability and integrity." 

 

Said Tilles: "I am honored and excited to return to CIRCA, whose leading position as the buyer of important jewelry, watches and gemstones has continued to grow significantly beyond our founding – both here in New York and abroad. I look forward to working with our great team of professionals to take the CIRCA brand to the next level."

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Reed Promotes Yancy Weinrich

Reed Exhibitions has promoted Yancy Weinrich to Senior Vice President, effective immediately.

Yancy will be responsible for the overall strategic direction and management of the entire JCK Events portfolio, including JCK Las Vegas, LUXURY at JCK, Swiss Watch at JCK, JCK Tucson and LUXURY Privé event. Additionally, Yancy will also continue to provide leadership and oversight for the JCKOnline properties. She will report to Nancy Walsh, President Reed Exhibitions, North America.

"Yancy is uniquely prepared and qualified to lead the JCK brand," said Walsh. "She is a passionate advocate for the jewelry industry, and her contributions to our customers and our business have been tremendous."

Yancy is a 20 year veteran of the jewelry industry, joining Reed Exhibitions more than 10 years ago after working with the America Gem Society and the Manufacturing Jewelers & Suppliers of America.

Since joining Reed, Yancy has developed a proven track record for innovative thinking and has provided strong strategic leadership for Reed's jewelry portfolio. Under her guidance, the JCK portfolio successfully launched LUXURY Privé, an intimate and exclusive event catering to the high-end segment of the industry, as well as JCK Tucson, a unique and creative design experience held during Tucson Jewelry Weeks.

Yancy is also an International Past-President of the Women's Jewelry Association and serves on the Board of Directors of the Diamond Empowerment Fund, the American Gem Society, Jewelers Security Alliance, and the Jewelers for Children. She was inducted into the New York 24 Karat Club in 2009.

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Winners Announced at GEM Awards Event

Jewelers of America held their 13th annual GEM Awards on Friday, January 9, in New York. The winners in the categories of Design, Marketing & Communications and Media Excellence were revealed live to an audience of more than 520 of the jewelry industry’s elite. Larry Pelzel, of Neiman Marcus, received the 2015 GEM Award for Lifetime Achievement. Norman Miller, GEM Awards Chair, served as the Host.

For the first time in GEM Awards history, the entire evening – including red carpet coverage and the awards program – was broadcast live to viewers on www.gemawardslive.com.

The GEM Award for Media Excellence was given to Claudia Mata, accessories and jewelry director of W, who is responsible for spearheading all jewelry editorial and whose love of jewelry is displayed in her quarterly article in W entitled, “Claudia’s Jewelry Box.” Stellene Volandes, executive style director for Town & Country and a past GEM Award winner, presented the award. The other Media Excellence nominees were Maria Doulton, of The Jewellery Editor, and Jack Forster, of Revolution Magazine USA.

Shinola, the Detroit-based watch and leather goods brand, received the GEM Award for Marketing & Communications after a remarkable year marked with vivid ad campaigns, vast editorial coverage, a comprehensive brand launch, and multi-pronged communication campaigns. The other nominees for Marketing & Communications were Forevermark and TUDOR. The award was presented by Candace Krause, owner of Krause Advertising.

Stephen Webster received the GEM Award for Design for his historic year of jewelry design that has excited press, retailers and consumers while shaping the future of jewelry design. Webster’s designs are celebrated for their bold combination of innovative design, uncompromising attention to detail and the finest materials. The other nominees in the Design category were Alexis Bittar and Todd Reed. The award was presented by jewelry and style expert Michael O’Connor.

The evening concluded with a touching introduction by Neiman Marcus’s Karen Katz of her colleague and friend Larry Pelzel as he received the GEM Award for Lifetime Achievement.

Pelzel, Neiman Marcus vice president and divisional merchandise manager, precious jewels, began his celebrated career more than 34 years ago. Clearly loved by the jewelry industry, he is known for his happy-go-lucky disposition and remarkable eye for quality jewelry. Pelzel was gracious when accepting his award stating: “Selling jewelry allows me the opportunity to have fun and make people smile . . . I love my job and I love this jewelry business.” He added, “While this is the Lifetime Achievement Award . . . I really don’t plan on going anywhere anytime soon.”

Sponsors of GEM Awards included: Premier Sponsor – Sterling Jewelers; Patron Sponsors – Chanel, David Yurman, Neiman Marcus, and Synchrony Financial; Benefactor Sponsors – Alexis Bittar, Chopard, Forevermark, Georg Jensen, Hearts on Fire, Ivanka Trump Fine Jewelry, Movado Group, Shinola/Detroit, Tiffany & Co, Todd Reed, and TUDOR Watch U.S.A. The red carpet was sponsored by Couture, the Cocktail Hour was sponsored by Gemfields and the Livestream was sponsored by Synchrony Financial.

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Jewelers of America Acquires National Jeweler

Jewelers of America has acquired National Jeweler from Emerald Expositions, which owns the JA New York shows and Couture. The transaction is enthusiastically supported by each organization, with JA’s Board of Directors voting in favor of the acquisition at a board meeting today in New York City.

The acquisition will take effect later this month. JA and National Jeweler will remain and act independent of each other. 

“I’m excited about the National Jeweler acquisition and Jewelers of America’s ability to both better serve its members and the industry,” says JA Board Chair Bill Farmer, Jr., of Farmer’s Jewelry, Lexington, KY.

“This is an exciting day for Jewelers of America, as we expand into trade media and welcome National Jeweler to the JA family. National Jeweler is natural fit for our organization, as it shares our mission to be an informative resource to retail jewelry professionals,” says David J. Bonaparte, JA President & CEO. “It’s an opportune time; with the launch of their digital magazine last fall, the National Jeweler team is poised for growth.”

Michelle Graff, editor-in-chief of National Jeweler, says, “This is a positive new chapter for a publication that has been in the business of reporting on the fine jewelry industry for 109 years. We look forward to taking advantage of the additional resources being part of the JA team offers us, but we remain focused on our mission: to objectively deliver the news that retail jewelers need to run their businesses on a daily basis.”

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Mellier Talks the Growth of Diamond Brands

Philippe Mellier, Chief Executive, De Beers Group, welcomed Forevermark partners during a private cocktail event in New York addressing the challenges and opportunities facing the diamond industry articulated in the 2014 Diamond Insight Report. The address culminated with attention to the strategic reasons behind the emergence of diamond brands and growth of Forevermark. 

Mellier said, “It is undeniable that the consumer landscape in the US is changing...There has been a clear increase in consumer preference for brands and people are also changing how they engage in the retail process”.

Mellier continued by summarizing the benefits of the Forevermark proposition: “It answers the consumer’s growing desire for branded products that can be trusted and that can evidence their ethical credentials. It has embraced new ways of selling and of reaching out to engage with younger consumers. It has a high impact marketing approach that operates across a number of channels. And it provides reassurance in terms of grading and quality.  And of course while Forevermark responds to the consumer’s needs for confidence, trust, quality and excitement, it also responds to the retailer’s need for a differentiated and value-adding proposition.” 

Referring to the inaugural Diamond Insight Report, published by The De Beers Group of Companies in September 2014, Mellier said that in the US jewelry market diamonds continue to be by far the most coveted of gemstones.  He also referenced a recent survey amongst Forevermark retailers in which 74 percent reported their overall diamond jewelry sales were equal to, or greater than, the prior year, with 45 percent reporting increases of five percent or more. In addition, Authorized Forevermark retail doors grew 18 percent in the last year, demand amounting to over 350,000 inscribed diamonds, a 47 percent growth over 2013. 

“In short,” Mellier concluded, “Forevermark is our way of preparing for the future of diamond jewelry retailing. It is our way of helping to meet the long-term needs of industry stakeholders. It is our way of capturing forever, today.”

 

The full speech is downloadable from www.debeersgroup.com.

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GIA Announces Events for 2015 Tucson Show

From a free seminar that explores recent gemological discoveries and research to an exquisite collection of musical instruments carved from gem materials, GIA’s offerings at the 2015 Tucson shows will enhance the visitor experience.

The Institute’s participation at the shows – which also includes a show service laboratory, lab class, two fee-based seminars, library exhibit and the GIA Alumni Association’s annual event – will be at the Tucson Convention Center during the American Gem Trade Association (AGTA) GemFair, Feb. 3-8, and the Tucson Gem and Mineral Show, Feb. 12-15.

GIA’s highlights at the 2015 Tucson shows include: 

GIA Museum Exhibit

GIA’s museum exhibit “Symphony in Gemstones” will bring music to the eyes at the Tucson Gem and Mineral Show, Feb. 12-15. Twenty one pieces commissioned by Art Sexauer, GIA museum benefactor, and hand-carved by master carver Lothar Hermann of Idar-Oberstein, Germany, make up an exquisite collection of musical instruments in gem materials and 14K yellow gold. Featured are tourmaline violins, a Persian turquoise trumpet, lapis saxophone, a tiger’s-eye harp and a black onyx grand piano with a white quartz keyboard and a rose quartz tuba.

GIA Library Exhibit

GIA’s library will feature two of its rarest books at the Tucson Gem and Mineral Show, Feb. 12-15: James Sowerby’s “British Mineralogy” and Martha Proby’s one-of-a-kind “British Mineralogy after James Sowerby.” A mineral specimen, aragonite, which is featured in both books, will be on view courtesy of The Natural History Museum in London. The case will also include photographs and a map. 

GIA Show Service Laboratory at AGTA GemFair

Show attendees will have convenient access to gem identification and country-of-origin services through the GIA Show Service Laboratory. GIA will accept gemstones onsite at the AGTA GemFair in the Onyx Suite Monday through Saturday, Feb. 2-7 from 9 a.m. to 5p.m.; and Sunday, Feb. 8 from 9 a.m. to 12 p.m. 

Free GIA Seminar

On Friday, Feb. 6 from 9 to 10 a.m., GIA’s Distinguished Research Fellow Dr. James Shigley will provide a free seminar on “The Latest News from GIA Research.” This will include an update on the Institute’s latest research on diamonds, colored stones and other timely topics of interest.

GIA Education

GIA will offer one fee-based lab class and two fee-based seminars during the AGTA GemFair. Pre-registration is required; call GIA admissions at (800) 421 7250 ext. 4001 to register for the seminars, and visit GIA’s website to register for the lab. 

Diamond Grading Lab Class

Monday through Friday, Feb. 2-6, 9 a.m. to 5 p.m.

The lab class will teach how to grade diamonds consistently and accurately using a modern gem microscope and a jeweler’s loupe. Participants study GIA’s Diamond Grading System; explore time-saving shortcuts to determine a variety of grading factors; and are introduced to methods for reading a GIA Diamond Grading Report. Participants must pass a two-stone practical test to complete the class successfully.

Identifying Heat Treatment of Corundum

Saturday, Feb. 7, 9 to 11 a.m.

Participants will discover why corundum is heat-treated, and how different forms of heat treatment can alter ruby and sapphire. The seminar, which includes a lecture and hands-on lab component, will teach the identifying characteristics of heated and unheated corundum, and how low-temperature heat treatment and differences in corundum types can lead to complications during the identification process.

Identifying Glass Fillings and "Healed Fissures” in Corundum

Saturday, Feb. 7, 1 to 3 p.m.

High-lead-content glass fillings are currently the most common treatment found in ruby, while "healed fissures" are one of the most misunderstood ruby treatments on the market. In this seminar, comprised of lecture and a hands-on lab component, students learn the identifying characteristics of these treatments, why they are done, and to which types of corundum they are applied.

GIA at the CAD/CAM Pavilion

GIA’s Jewelry Manufacturing Arts program is at the forefront of jewelry design education – from 3D printer rapid protoyping and casting to prefinishing, setting and buffing. Throughout the AGTA GemFair Tucson, GIA experts will answer questions and discuss a variety of relevant topics, including CAD/CAM, zero-shrinkage from CAD file to photopolymer models to rough castings, jewelry engineering priorities, jewelry design concepts, 3D scanning of gemstones and importing content into CAD files for use in making jewelry, and Quality Assurance Benchmarking criteria when CAD modeling. The ongoing series will take place in the AGTA CAD Design Studio, booth #450 in the Gem Hall.

Party at the GIA Gem Mine: Rocking Down Under

The GIA Alumni Association will “rock” Tucson during its annual auction, dinner and dance party on Friday, Feb. 6 from 6:30 to 11 p.m. at the Marriott University Park Hotel. Ticket prices are $55 prior to Jan. 15; $65 after and at the door. 

 

More information, including registration, is available on the GIA website.  

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Panama Diamond Exchange and Fiera di Vicenza Agree to Cooperate

Fiera di Vicenza, the leading Italian jewellery trade fair organizer, and the Panama Diamond Exchange have agreed to join forces in the organization of events that will promote the trade in gemstones and jewellery in Latin America.

A Memorandum of Understanding detailing the two organizations’ future cooperation was signed on Friday, December 5th, 2014, on the trading floor of PDE’s soon-to-be-inaugurated headquarters, by PDE Founding Chairman Eli Izhakoff and Fiera di Vicenza President Matteo Marzotto. 

According to the MOU, PDE and Fiera di Vicenza will formulate a strategic plan and conduct a feasibility study for projects that include trade fairs, symposiums and industry forums, which will take place in Panama and promote the diamond, gemstone and jewellery business in a region that includes Mexico, Central America, South America and the islands of the Caribbean. The joint program will begin in 2015. 

The signing ceremony was the first official event to be held in the Phase I building of the Panama Diamond Exchange, which will open for business at the end of the month. Mr. Marzotto was accompanied by Corrado Facco, Managing Director of Fiera di Vicenza, and leading representatives of the Italian jewellery sector, including Dr. Gaetano Cavalieri, President of CIBJO, the World Jewellery Confederation, and Roberto Coin, one of the world’s most prominent brand-name jewellery designers and manufacturers. Both Dr. Cavalieri and Mr. Coin are PDE directors and they were joined at the podium by Dr. Luciano Pataro, a PDE director from Panama and Erez Akerman, PDE President.

“The significance of this agreement, being signed in this new facility, cannot be understated,” said Mr. Izhakoff, during the ceremony. “The involvement in PDE’s mission of Fiera di Vicenza, which represents Italian luxury at its finest, emphasises that we are not just building offices, but rather an industry. Our goal, through the development of the Latin American gemstone and jewellery trade, is to grow the pie for everyone. As a key industry service provider, Fiera di Vicenza’s contribution can be invaluable.”

Over the coming weeks, companies will be taking up residence in the Phase I building of the Panama Gem & Jewellery Centre, which includes 61 offices, vaults and secure transportation facilities, as well as the Panama Diamond Exchange, including its administrative offices and 300 square-meter trading floor.

Construction of the Phase II building will begin in 2015, with a finish date scheduled for 2017. It includes an iconic office tower, where the offices and trading floor of the Panama Diamond Exchange will be located in the low-rise base of the complex, along with a luxury commercial centre, with banks, specialised support services, restaurants and shops, including high-end retail jewellery stores. 

The $200 million-Panama Gem & Jewellery Centre is the largest and most ambitious development project ever undertaken on behalf of the jewellery and gemstone trades in Latin America. It is being established by Group VerdeAzul, one of Panama’s leading property companies, headed by Alberto Vallarino, the country’s former Minister of Economy and Finance. 

The entire complex will be located in the Vaguil Free Zone, which was established by an act of the Panamanian parliament for the benefit of the international gem and jewellery trade, and exempts transactions conducted within its area from payments of customs duties and taxes, and corporations registered in the Free Zone from paying company tax. It is projected to directly generate 3,000 jobs in the Panama and generate billions of U.S. dollars for the local economy. 

 

For more information, visit the Panama Diamond Exchange website at  www.pde.com.pa.

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Plumb Names First Associate Member

The Plumb Club has accepted its first associate member in the long history of the group. 

"We are pleased to accept MVI Marketing Ltd. (MVI) as our first associate member," commented Lawrence Hess, Executive Director. "MVI's nearly 30 years of experience in jewelry consumer market research will be a good fit with The Plumb Club's Best in Class mission," continued Hess.

As an associate member MVI will be exhibiting in The Plumb Club Pavilion at the JCK Las Vegas show and participating in all other club events. 

MVI's CEO Marty Hurwitz was elated at the announcement: "As a 3rd generation jeweler I can tell you that both my partner, Liz Chatelain and I are very excited at being invited to join." 

 

"It's a prestigious group and we are thrilled at their recognition of MVI and the work that our team does in helping jewelry retailers gain perspective from consumer market research," Hurwitz added.

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Jewelers for Children and Jane Seymour Receive DEF Awards

Jane Seymour and her Open Hearts Foundation, together with David Rocha and Jewelers for Children were honored last week by the Diamond Empowerment Fund for their commitment to giving back to the community. 

Actress, artist and philanthropist Jane Seymour is the designer of the Open Hearts by Jane Seymour jewelry collection and the founder of the Open Hearts Foundation that positively impacts young lives in the areas of wellness, education, sports and the arts. After receiving the GOOD Award, Seymour stated, “We have an opportunity to create positive social and cultural change with our collective desire to make a difference in the world. When we do that – everyone wins and the entire world can be impacted by doing just a little good.”

David Rocha, executive director of Jewelers for Children, exalted the jewelers he works with who “are constantly involved with helping others in the community - not for any personal recognition, but because it is their community and they truly care about making it a better place to live and work”.  Their global story can be found here on the Diamond Empowerment Fund’s recently launched consumer site, www.diamondsdogood.com.

The Diamond Empowerment Fund established the GOOD Awards in 2012 to recognize individuals, organizations, and corporations in the diamond and jewelry industry for outstanding leadership in the areas of global citizenship, sustainability and promoting opportunity for others.

Phyllis Bergman, D.E.F’s President summed up the evening by saying “we are blessed to be working in an industry whose commitment to bettering the lives of others truly lets us say ‘diamonds do good’.”

 

The GOOD Awards sponsors included Presenting Sponsor Signet Jewelers Limited (Kays Jewelers, Jared the Galleria of Jewelry, Zales Jewelers), and Friend Sponsors Fred Meyer Jewelers and JCK. Empowerment Circle Partners include Forevermark, Asian Star, De Beers Group of Companies, Exelco, Leo Schachter Diamonds, Signet Jewelers Limited and Rio Tinto Diamonds.

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Italy’s First Jewelry Museum Launched

The Museo del Gioiello (Jewellery Museum) in Vicenza, a permanent museum space of 410 square metres inside the Palladian Basilica, was launched with an exclusive event reserved to the press, VIP and authorities on December 17.

The project, devised and run by Fiera di Vicenza in partnership with Vicenza Municipality, is the result of the company’s commitment to promoting the cultural aspect of gold and jewellery, a sector in which it is recognised as a world level business hub, with the trade show Vicenzaoro.

The launch of the new Museum, opened to the public on December 24th, 2014, was attended by Matteo Marzotto, President of Fiera di Vicenza; Corrado Facco, Managing Director of Fiera di Vicenza; Achille Variati, Mayor of Vicenza; Jacopo Bulgarini d'Elci, Deputy Mayor of Vicenza and Councillor for the growth of the Vicenza’s Municipality; Alba Cappellieri, Director of the Museum; Patricia Urquiola, designer of the exhibitions in the Jewellery Museum; Jacopo Bulgarini d’Elci, Deputy Mayor of Vicenza; and Corrado Facco, Managing Director of Fiera di Vicenza.

The Museum, curated and directed by Alba Cappellieri, Professor of Jewellery Design at Milan Polytechnic and Italy’s foremost jewellery expert, offers an original, varied aesthetic and educational jewellery experience, enhancing an item with ancient origins, deeply rooted in human culture.

The museum offers a scientific and educational route, divided across two floors: on the ground floor, an entrance, with the bookshop as a cultural reference point and a stock of national and international publications on jewellery. This is followed by the versatile room of temporary exhibitions, which will host jewellery exhibitions. 

The top floor, which is the heart of the museum, has nine exhibition rooms containing about 400 jewels.  The rooms are curated by international experts including: Aldo Bakker, Gijs Bakker, Bianca Cappello, Franco Cologni, Deanna Farneti Cera, Graziella Folchini Grassetto, Stefano Papi, Maura Picciau and Paolo Maria Guarrera, Alfonsina Russo and Ida Caruso. A bold choice of curators, with the aim of restoring some of the semantic complexity of jewellery from very different viewpoints, helping the visitor to become familiar with both the values and the well-structured content                     

Alba Cappellieri said, “The Museo del Gioiello is designed to offer a knowledge-based experience instead of dusty relics from the past. Jewellery is shown in all its facets: antique pieces alongside contemporary items and Etruscan masterpieces or neoclassical pieces together with cutting-edge pieces printed in 3D. It is an interesting journey into some marvellous jewellery”.

For more information, see www.museodelgioiello.it.

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Riddle’s Group Acquires Dakota West Design

Riddle’s Group, Inc. of Rapid City, SD has acquired Dakota West Design, Inc. of Albuquerque, NM.  

“We are very excited to add Dakota West’s successful brands of Silver Elegance and Absolutely Charming to our manufacturing and wholesale division of Landstrom’s-Mt Rushmore Jewelry,” says Brett Riddle, CEO of Riddle’s Group.  

“This is a successful culmination of many discussions over this past year.”  Riddle’s Group, Inc., is a diverse, family-owned and operated jewelry business with its corporate headquarters in Rapid City, South Dakota.   

Dave Westergaard, CFO of Riddle’s Group comments, “We look forward to further growing both the Silver Elegance and Absolutely Charming brands.  At this point, we plan to continue to operate the business primarily as is.  We have a strong plan and team in place to move forward in a clear and customer oriented manner.”  

“Silver Elegance has become a staple for many independent jewelers and gift shops.  The great designs, displays, and price points make the brand very appealing to a large segment of consumers,” Stated Brandon Keyser, VP of Sales.  “Absolutely Charming maintains a very loyal base of dealers that we will continue to support through new designs and increased on hand inventory.”

Earlier this year, Riddle’s Group, Inc. also acquired the operating assets of Landstrom’s Original Black Hills Gold Creations.  

 

“The addition of Landstrom’s and the Dakota West brands will pair nicely with our existing brands of Vinya and The Frontier Collection (custom elk ivory), resulting in a plentiful offering for our valued retailers,” said Keyser.

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Special Events Announced for Original Miami Beach Antique Show

U.S. Antique Shows will host several special events for attendees at this year’s Original Miami Beach Antique Show, Jan. 30-Feb. 3, 2015.

Have a treasure or family heirloom to be appraised? The Original Miami Beach Antique Show, in partnership with Skinner Auctioneers & Appraisers, will host Appraisal Day on Saturday, Jan. 31 from 12-6 p.m. All attendees, with a valid ticket to the show, are invited to bring one item to be appraised by one of Skinner’s experienced appraisers. Each appraiser will provide an unbiased, expert opinion of the attendee’s collectible or antique including a verbal estimated range of its fair market value. No written valuations will be given.

"The Original Miami Beach Antique Show is a favorite destination for both the beginner and serious collectors. Once again, the Specialists at Skinner are looking forward to the Appraisal Day, and finding out what treasures South Floridians are curious about in their own homes!" said April Matteini, regional director at Skinner's Coral Gables office.

Founded over four decades ago, Skinner offers more than 60 auctions annually. Skinner auctions reach an international audience and showcase the unique, rare, and beautiful in dozens of categories, including the fine and decorative arts, jewelry, modern design, musical instruments, science and technology, wine, and many others.

Appraisal Day will be held at the Miami Beach Convention Center on the second floor above Hall D, room 234. Attendees are encouraged to sign up for an appointment at www.MiamiBeachAntiqueShow.com. Walk ups are also welcome, but an appointment guarantees the item will be seen by an appraiser.

For a fourth year, The Original Miami Beach Antique Show continues its ongoing support of nonprofit organizations in the local Miami community. This year, the show will host the Miami Design Preservation League. This nonprofit organization is devoted to preserving, protecting and promoting the cultural, social, economic, environmental, and architectural integrity of the Miami Beach Architectural Historic District.

In celebration of Miami Beach’s 100th year birthday, the Miami Design Preservation League will offer an array of brochures and educational pamphlets about the city’s architecture and history, retro pieces available for purchase, and information on becoming a member at their booth 1015A.

"We are thrilled to be participating in The Original Miami Beach Antique Show. The show has always been a wonderful partner and sponsor of Miami Design Preservation League, and we are grateful for the opportunity to be part of their show," says Director of Marketing and Public Relations, Amanda Bush.

The Original Miami Beach Antique Show will also be presenting Booth Talks featuring a variety of dealers during show hours on Saturday and Sunday. These talks will take place at the respected dealers’ booth and will cover an array of topics from silver to ancient art, antique canes to mantiques.

Saturday
1 p.m. Miami Design Preservation League (Booth No. 1015A)
Miami Design Preservation League: 100 Years of History; 40 Years of Preservation

2 p.m. Niederkorn Silver (Booth No. 2500)
What to Know About Collecting Silver

3 p.m. Griffin Gallery Ancient Art (Booth No. 3008)
Embracing the Past: The Lure of Antiquity

4 p.m. AntiqueCaneWorld.com (Booth No. 3419)
Raising Cane

Sunday
1 p.m. John Atzbach (Booth No. 3406)
Collecting Faberge Today 

2 p.m. Charles Cheriff Galleries (Booth No. 2819)
An Age of Elegance: The Splendor of 19th Century French Antiques

3 p.m. Mantiques Modern (Booth No. 3524)
Mantiques: Art and Collectibles for Guys

4 p.m. Marie E. Betteley, Inc. (Booth No. 2823)
Russian Jewels and Treasures 
 

Lastly, the show will again be hosting the asset protection educational session titled “How Antique & Jewelry Dealers Can Save Thousands in Taxes and Become Invincible to Lawsuits.” Presented by certified financial planner, author and senior advisor, G. Kent Mangelson, this session will share effective strategies to achieving financial peace of mind by learning how to properly structure assets to become invincible to lawsuits, save thousands in taxes and eliminate all estate taxes. The session will be held on Saturday, Jan. 31 from 9-10:30 a.m. in room C222. The session is free and open to the public.

 

As the world’s largest indoor antique show, The Original Miami Beach Antique Show presents nearly 1,000 recognized dealers from 28 countries for five days only. Show times are Friday, Jan. 30 to Monday, Feb. 2 from 12-8 p.m. and Tuesday, Feb. 3 from 12- 5 p.m. Admission is $20 to attend all five days. For more information about the show or to purchase tickets, call 239.732.6642 or visit www.MiamiBeachAntiqueShow.com.  

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Bulova Celebrates 140 Years

In 2015, to mark 140 years of impressive achievements and a rich history of watchmaking firsts, Bulova will announce a series of exciting developments from both a product and corporate perspective.

As part of the celebration, Bulova will be moving its headquarters into the iconic Empire State Building in the first quarter of 2015. The move brings Bulova back to its roots, as the company was originally located on Maiden Lane in lower Manhattan, then the nucleus of New York City’s jewellery industry.Building on the excitement generated by the impending move, 2015 will bring new collections and technological innovations inspired by some of Bulova’s greatest achievements.

“All of us at Bulova are proud of the being part of a 140-year tradition of quality and innovation,” said Greg Thumm, President of the Bulova Corporation. “From 1875, we have been in continuous business here in New York City; and our new corporate address at the Empire State Building is a testament to relaying our American culture into the design of all our watch brands.”

 

In 2015, as Bulova Corporation embarks on its 140thanniversary, expect a continuation of its American design of Bulova, Bulova Accu•Swiss, Bulova Accutron II, Caravelle New York, and Wittnauer watch brands.

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IDEX Polished Price Changes for January 8

by Danielle Max

Round diamond prices saw almost universal declines this week. Most categories experienced drops of 2 percent-4 percent, with the only increases coming in goods under 0.45 carats.

These changes can be explained by the fact that people are turning to cheaper goods, which is reducing demand –and prices – for commercial or better goods. This in turn is driving up demand – and prices – for cheaper goods.

There were very few changes for Fancies, with just some small declines. The only increases were in stones of 0.5-0.65 carats and 2-and 3-carat diamonds.

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, contact prices@idexonline.com.


 Rounds

 

 

  • 0.18-0.22 cts D / VVS2 up 2%  D-E / SI1 increasing 4%
  • 0.23-0.29 cts D / VVS1 down close to 2% K / VVS1 up almost 4%
  • 0.30-0.39 cts K+ / SI2+  down 2%-4% G / I2 up more than 5%
  • 0.40-0.44 cts  L+ / SI2+ down 2%-4% G / I2 up 5%
  • 0.45-0.49 cts K+ / VVS1-SI2 down 2%-3%
  • 0.50-0.69 cts L+ / SI2+ down 2%-4%
  • 0.70-0.79 cts K+ / SI2+ down 2%-4%
  • 0.80-0.89 cts H / VVS1 and VS2  down 3%
  • 0.90-0.99 cts J-G / SI+ down 2%-3% D / IF down under 1%
  • 1.00-1.24 cts M+ / VVS1-SI2 down 2%-3.5%
  • 1.25-1.49 cts some changes of 2%-3% in VS2+ range
  • 1.50-1.99 cts L / SI2-VS1 down 2%-3% H-F / SI2-VVS1 down 3%
  • 2 cts declines up to 3% in the J-G / SI1+ range M /SI1 dropping 2%
  • 3 cts J-G / VVS2+ dropping 1%-2%
  • 4 cts K / VVS2-VVS1 down 3% after weeks of consistency
  • 5 cts some marginal declines

Fancy Cuts

  • 0.18-0.22 cts no changes
  • 0.23-0.29 cts no changes
  • 0.30-0.39 cts D / SI2 down 3%, I / SI1 declining 4%
  • 0.40-0.44 cts no changes
  • 0.45-0.49 cts no changes
  • 0.50-0.69 cts D / SI3-I3 up 2%-6%
  • 0.70-0.79 cts H / I1 down 2.5%
  • 0.80-0.89 cts G / VS1 down 2%
  • 0.90-0.99 cts no changes
  • 1.00-1.24 cts I-J / SI2+ down 2%-3%           
  • 1.25-1.49 cts E / SI1 down 3% G / SI2 down around 4%
  • 1.50-1.99 cts K / VS2 down 2%
  • 2 cts H / VVS1 down almost 1% L / SI2 up 3%
  • 3 cts E / IF up 3%
  • 4 cts D-F / VVS2+ down 3%
  • 5 cts I / VVS2 down around 0.5% to $22,240 per carat 
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WJA Will Honor Mortensen for Lifetime Achievement

The Women's Jewelry Association named its Hall of Fame honorees for the association's annual Awards for Excellence gala, to be held Monday, July 27, 2015, at Pier 60 on the Chelsea Piers in New York City. 

Pam Mortensen, SVP & general merchandise manager, jewelry, watches and fashion accessories for JCPenney will receive the Lifetime Achievement Award; C. Clayton Bromberg, president, Underwood Jewelers, Jacksonville, FL, will receive the Ben Kaiser Lifetime Achievement Award; and Gumuchian will receive the Corporate Award.

Pam Mortensen joined JCPenney in 2009 as senior vice president and general merchandise manager of fine jewelry, watches and fashion accessories. Mortensen has been integral in implementing popular customer concepts, such as Modern Bride and Bijoux Bar, which position JCPenney as a destination for style and fashion. Prior to her role at JCPenney, Mortensen served in leadership roles at Wal-mart as vice president and divisional merchandise manager of fine jewelry and watches. She started her jewelry career at Zale Corporation and her retail career at Federated Department Stores. Mortensen serves on the boards of the Jewelers Vigilance Committee and Jewelers for Children.

C. Clayton Bromberg has been president of Underwood Jewelers since 1988, and began his career at Bromberg & Company in Alabama, where he represents the sixth generation of family in this jewelry business. A GIA Graduate Gemologist, he is a Registered Jeweler and Certified Gemologist of the American Gem Society (AGS). Bromberg also served as president of AGS and chairman of the AGS Laboratory. He is a winner of the Robert M. Shipley Award, and the Triple Zero Award, both bestowed by AGS. He has served on the boards of Jewelers of America, the Jewelers Vigilance Committee, the Jewelry Information Center, and as president of the Florida Jewelers Association. He worked on the Advisory Board of the JCK Show, and was given the National JewelerRetail Hall of Fame award. Bromberg has also distinguished himself as an avid community volunteer and board member in a variety of positions.

Gumuchian was founded by Anita Gumuchian. Her daughters Myriam and Patricia carry on a family legacy in the jewelry industry that dates back over 100 years. Together, the Gumuchian women combine the excellence of traditional European craftsmanship with fashion-forward designs. From this vision the brand's promise - "Designed by Women for Women" - emerged, in which the Gumchians set out to embody the confidence and beauty of all women. The Gumuchian trio spends its days developing new designs with innovation and an enthusiasm and each design is brought to life by master jewelers in Gumuchian's Manhattan atelier, treating each design as a tiny sculpture, ensuring each piece is built to wear with comfort for a lifetime. 

"WJA congratulates these three deserving recipients," says Andrea Hansen, president of the Women's Jewelry Association. "We celebrate their careers of achievement, and the ways in which they are advancing women's careers in the jewelry industry."

At its annual gala, WJA also will present Awards for Excellence in retail, design, manufacturing/ supplier, sales, marketing and communications, editorial/reporting/publishing and special services. 

The WJA Awards for Excellence gala has been a part of the industry's social calendar since 1984. At its gala, WJA brings together industry leaders to honor the best, and for a social evening that raises money for scholarships and grants for deserving women entering or working in our industry. A Silent Auction and raffle will again be mounted in 2015 to raise additional funds for these important causes. Tickets and sponsorships will go on sale later this year.

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Fiera di Vicenza Launches New Exhibition Program

Fiera di Vicenza of Vicenzaoro will launch this month a revolutionary exhibition format for the gold and jewellery industries. 

The Vicenzaoro Boutique Show concept was developed following in-depth research carried out by Fiera di Vicenza into the changing production and marketing of jewellery at the global level.

The goal was to develop a format that would make it possible to satisfy the dynamic needs of individual buyers, taking into consideration the international demands of the industry.

What was created was an innovative reorganization of the goods on display at the trade show, through the creation of communities made up of similar businesses, which can be recognized in terms of reference values, positioning, product type, distribution systems and overall image. A ground-breaking display layout was developed, to enhance the experience of the buyers meeting exhibitors, offering a new and interactive multimedia experience.

Matteo Marzotto, President of Fiera di Vicenza states: “The Vicenzaoro Boutique Show is a completely new concept on the high-end gold and jewellery trade show scene. It involves a dynamic procedure and an exclusive format that supports us in meeting the challenges of strong competition on a worldwide scale. It also addresses the major transformations occurring both in sales and production systems and at the consumer level. 

“This is a project that is completely Made-in-Fiera-di-Vicenza, and is the result of our strong inclination towards innovation, placing ourselves at the service of the industry, listening to what it tells us, and devising the most effective means of moving the market forward on both domestic and international levels.

The Vicenzaoro Boutique Show concept involves a radical rethink about how buyers navigate the exhibition. By dividing exhibitors into communities, taking into consideration design and production trends and requirements of the global marketplace, buyers will more easily identify the most suitable target companies, maximizing their exposure to the specific merchandise, individuals and information that is relevant to each of them. This will make their trade show experience more manageable, efficient, effective and successful. This will be done without compromising on the identity of every single brand. 

The Vicenzaoro Boutique Show will include consists of six main “districts”: Icon, Creation, Look, for jewellery; Essence, featuring diamond, coloured gemstones and other precious components; Expression, featuring packaging and visual merchandising and marketing materials; Evolution, highlighting precious metals and their processing technologies.

Each district will feature its own symbolic range of values: Icons: Tradition, Exclusiveness, Unique, Innovative, Recognisable; Creation: Quality, Customised, Private Label, Variety, Creativity; Look: Fashion, Experimentation, Trendy, Elegance, Contamination; Essence: Adaptable, Variety, Reliable, Technique; Expression: Emotion, Forms, Colours, Materials, Original; Evolution: Performance, Innovative, Customised, Flexibility, After-Sales.

For buyers these districts will be connected by “trails”, which will be plotted individually by using multi-media tools, according to individual requirements. Taste and style directions will become a source of inspiration to develop new collections and discover new protagonists active in the international marketplace.

 

Trend Forums will play an important role. These are specific areas in the Trade Show featuring realistic representation of the latest jewellery trends, to inspire and guide the purchases of buyers and visitors. This is all brought together by a web 2.0-based communication system, allowing all visitors to create customized buyers’ programmes that focus on the tastes and needs of their individual reference markets.

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Pandora Picks Cohn & Wolfe for PR

Pandora has selected Cohn & Wolfe to handle all consumer and trade PR as part of WPP’s multi-agency team on the account.

Cohn & Wolfe won the business after "a completely integrated pitch" with WPP sister firms Grey Advertising and media buying agency Maxus, explained Jim Joseph, president of Cohn & Wolfe’s North American operations.

He said the WPP firms determined how different types of media can help one another build the business as part of the pitch process.   

The WPP team was awarded the business on January 1 for a one-year contract, said Joseph. Prior to bringing on Cohn & Wolfe, Pandora handled PR internally.

Led by the firm’s New York office, C&W will focus on "elevating [Pandora] as a style icon" and introducing the company’s full range of products to new audiences, said Joseph. Influencer marketing will be a major part of the firm’s work, including connecting the brand with bold-faced names in fashion and pop culture. 

The agency will also work on thought leadership efforts with Pandora, said Joseph, while social media will be handled by the integrated WPP team. 

Budget details on the account have not yet been finalized.

 

Representatives from Pandora were not immediately available for comment.

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JCK Events Adds Four Execs

JCK Events has started the year off with four new team members. The incoming players include Sarin Bachmann, Event Director for LUXURY and LUXURY Privé, Katie Dominesey, Industry Vice President for JCK Las Vegas and JCK Tucson, Lauren Laramore, Director of Marketing for all JCK Events and Kate Nellis, Special Events and Conference Manager for all JCK Events. Below are bios for each.

Sarin Bachmann - Event Director, LUXURY and LUXURY Privé

Sarin is returning to run the LUXURY portfolio of events including LUXURY and LUXURY Privé. Sarin previously served as Industry Vice President of LUXURY and JCK Strategy and Planning from 2003-2006. Prior to rejoining the LUXURY team, Sarin co-founded and served as COO for Janet Kain for the Home, a luxury home décor brand.

Katie Dominesey - Industry Vice President, JCK Las Vegas and JCK Tucson

An MBA with a focus in luxury brand management, Katie has been a standout talent in the jewelry industry for the past 5 years. She has worked as an Account Executive for COUTURE and Director of Sales for Frederick Goldman. Prior to her jewelry career, Katie honed her sales and marketing skills in the pharmaceutical and consumer products industries.

Lauren Laramore - Director of Marketing, JCK Events

Lauren will take the lead as Director of Marketing for JCK Events, re-joining the JCK team after previously serving as Marketing Manager for several years. Lauren brings a multitude of experience working across multiple events at Reed Exhibitions over the past eight years.

Kate Nellis - Special Events and Conference Manager, JCK Events

Kate also re-joins the JCK Events team where she previously worked in special events and conference coordinator roles. Prior to rejoining the JCK Events team, Kate furthered her knowledge of business and communication, working as an Account Manager for Vente-Privee USA with American Express.

 

JCK Events welcomes Sarin, Katie, Lauren and Kate and looks forward to the assets and expertise each will undoubtedly bring to the JCK customers and their divisions.

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IJO Adds to Board

Three retailers and one vendor have been appointed to the Board of Directors of the Independent Jewelers Organization for a three-year term beginning January 1, according to an announcement by IJO President and CEO Jeff Roberts. 

The board is comprised of nine retail and two vendor members.  Newly selected retailers are David Hevia of Kiefer Village Jewels in Lutz/Land O’Lakes, Dade City and Brandon, FL; Chuck Kuba of Iowa Diamond in West Des Moines, IA; and Dina Unwin of Sterling Jewelers in Wethersfield, CT. 

The newest vendor member has been named as Frank Farnsworth of Parlé /Idaho Opal and Gem in Pocatello, ID.  

The board position is to act as a liaison between the membership and IJO management, and to help form ideas for the betterment of the overall operation of IJO.

“We have a very dynamic Board of Directors in IJO, and their input is invaluable to the workings of this organization,” says Roberts. 

“These new appointees were chosen from among 850 retailers and 190 suppliers, which really says a lot about their leadership abilities.  They all have been active, supportive members and have contributed strongly for a good number of years.  I look forward to working with them in this new capacity. 

The new appointees will be serving with current board members Linda Hagan, Jewelry Creations, Dover, NH, Jeff Hampton, State Street Jewelers, Geneva, IL, Jeanne Katsuro, Classic Rock, San Jose, CA, John Laughter, John Laughter Jewelry, Waynesville, NC, John O’Rourke, Montica Jewelry, Coral Gables, FL, Joel Wiland, J. David Jewelry, Broken Arrow, OK, and Jeff Wynkoop, Quality Gold, Fairfield, OH.

Leaving the board after three years of dedicated service are John Hancock, Hancock Jewelers, Goodlettsville, TN, Terry Quinn, Quinn’s Goldsmith, Occoquan, VA, Connie Thurmond, Connie & V. Cross Jewelers, Bossier City, LA and Brian Fleming, Carla/Nancy B, East Providence, RI.    

“These outgoing board members have provided outstanding service to the IJO family,” continues Roberts.  “Their expertise, innovative ideas and incomparable communication skills have been a great asset to all in the organization, and I’m deeply grateful for their support.”

“I’m very excited and I thank Jeff for this opportunity,” says David Hevia.  “One thing that’s always impressed me is IJO listens to its members, and I’m happy to be in this position where I feel I can make a difference – help make things even better than they are.”

“Being associated with IJO represents integrity, quality and trust, and I’m proud to have been able to give back to this organization that has helped my business in so many ways,” outgoing board member Thurmond stated.  “I’ll still attend all the conferences and I’ll always be there if anyone ever needs me.  It truly has been an honor for me to have served.”

 

For information on membership in IJO go to www.ijo.com.

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Registration for the 2015 SMART Show Chicago Is Now Open.

Here's a sneak peek at the awesomeness that's waiting in April:

·   Shop 400+ booths of the industry's top vendors, including special pavilions for fine and designer jewelry, diamonds, colored gemstones and bench supplies

·   Learn new ways to grow your business from our "Big Thinkers" with ideas on marketing, sales, customer service and more in over 70 education sessions from the most innovative names in retail, including Paco Underhill(sponsored by Synchrony Financial) and Bryan Eisenberg (sponsored by Jewelers Mutual)

·   Celebrate the return of The SMART Party Chicago (sponsored by Antwerp World Diamond Centre) and enjoy an evening of food, drinks, dancing and fun with industry friends on Sunday, April 19

·   Watch top artists compete in live CAD and bench challenges (sponsored by Stuller), and get hands-on with cutting edge technology in the new Bench Pressure Pavilion

·   Meet winners of this year's America's Coolest Jewelry Stores contest and get DIY tips that work in the real world (sponsored by the Diamond Council of America) 

 

Avoid the registration lines by clicking here.

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Hoover & Strong Introduces New Online Diamond Auction Platform

Hoover & Strong, a refiner and precious metals manufacturer that has been serving the jewelry industry since 1912, has introduced a new online diamond auction platform for buyers and sellers.

The first auction will begin on January 13th.

 

Harmony Diamond Auctions combines ground breaking technology and extensive expertise in order to provide the best way to buy and sell recycled diamonds in the marketplace.

The online auction allows diamond sellers to get their diamonds in front of hundreds of qualified buyers through a no-risk process, allowing them to get the best market prices for their diamonds. It is also the first platform to give pawnbrokers, gold buyers and jewelers a safe and secure way of selling diamonds they purchase from the public, through a completely transparent virtual process.

For diamond buyers, purchasing recycled diamonds from gold buyers, jewelers and pawnbrokers has never been easier. The buyers are a network of qualified industry buyers, wholesalers and manufacturers, who are looking for the opportunity to bid on a steady stream of diamonds that have been authenticated and strictly graded - saving them time and money. The auction website provides detailed descriptions, multiple photos and expert grading information and buyers can place bids online with confidence, with a 24-hour risk-free review period for purchasing.

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10th China International Gold, Jewellery & Gem Fair Draws 7,000

The 10th China International Gold, Jewellery & Gem Fair concluded on November 9 with more than 7,000 visitors from 32 countries and regions passing through its doors over the fair’s four-day run.

Held at the Shanghai World Expo Exhibition and Convention Center, the fair featured 340 exhibitors from 21 countries and regions in over 17,000 square metres of exhibition space. 

“We always strive to make the Shanghai Fair an ideal springboard for jewellers who aim to enter China's vibrant jewellery market,” said Celine Lau, Director of Jewellery Fairs, UBM Asia Ltd.

“This year, we introduced a new element to the fair -- the first-ever Korea Pavilion and the preview of Mineral & Gem Asia. This new feature joins other fair attractions, among them the Premier Pavilion, the largest Sri Lanka Pavilion in this fair’s history. Other group pavilions housing exhibitors from United States, Thailand and Taiwan region. The exhibits offered visitors a wide range of jewellery, diamonds, gemstones and jadeite from world-class suppliers as well as unmatched opportunity to network and see the latest trends.”

The fair received positive feedback from exhibitors and visitors alike. Tousif Ausaf, Sales Representative of US-based Precious Pebbles Inc., believes the Shanghai Fair is an ideal opportunity to explore the China market. “It is my first time to explore Shanghai’s jewellery market. The venue is good and I have met target buyers from the fair. I will join the fair again next year,” said Tousif.

Visitors’ CommentsOther Exhibitors’ Quotes

“It is my second time to join the Shanghai Fair. I met my target buyers. The venue is good. I am satisfied with the good quality of buyers. I will be back at the next edition.” 
-- Tom, representative of Opal Pacific Ltd, a gemstone wholesaler of New Zealand

“I’ve been participating in the Shanghai Fair for more than five years. I am satisfied with the fair and got orders from Chinese and Korean buyers. The fair venue is comfortable and clean. The security service is professional. I’ll join again next year.” 
-- Youn Ho Joung, President of Sam Hyun Jewelry Co, a coral, amber, amethyst wholesaler of Korea

“Shanghai is an important market for the jewellery trade, which is why we’ve been participating in the Shanghai Fair for many years. The venue is great, the security service impressed me so much. We met many target buyers, mainly from China, and received some orders with them. We are happy with the overall result. I will come back next year.”
-- Safraz Jabir, Colourstone Specialist of Safaiyers, a gemstone exporter of Sri Lanka

“It is my first time to join the Shanghai Fair. I met target buyers from China and made some orders with them. The fair is well organised and managed. I will be back at the next edition.” 
-- Jurgen Schutz, President of Weis, Emil Opals KG, a gemstone wholesaler of Germany

“I’ve been participating in the Shanghai Fair for eight years. It is an important platform to explore the market in Eastern China. The venue is conveniently located and accessible. I will come back next year.” 
-- Imran Khan, Sales Executive of STS Gems Ltd, a gemstone manufacturer of Hong Kong region

Visitors’ Comments

 “This is my first time to visit the fair. I aimed to meet new suppliers and source fine finished jewellery. The product’s price is competitive and the venue is conveniently located. I’ll visit again next year.” 
– Lucia Boffetta, Antique & Estate Jewelry from New York

“It’s my second time to visit the fair. I am a mosaic jewellery designer from Paris and I came to find new suppliers and source directly from manufacturers. I met some target suppliers, mainly from mainland China; the quality of products is good. Overall, I am satisfied with the fair and will visit again.” 
– Virginie Bernabe, Virginimosaic from England

“This is my first time to visit the fair. I am a retailer in Australia and I came to update myself with the latest trends. The fair offers buyers a wide array of quality exhibits; I met my target suppliers, mostly from Hong Kong. I am satisfied with the fair venue and will visit again next year.” 
– Con Arsenikakis, Olympic Opal Co Pty Ltd from Australia

“I’ve visited the Shanghai Fair three times. I am a retailer in Russia and I came to source new suppliers. I met the target suppliers and there are many products to choose from. I am satisfied with the fair and will visit again.” 
– Buksoy Meznik, Sky Line Global Trade from Russia

“It’s my first time to visit the fair. I came to source new suppliers and products. The fair offers buyers a wide array of quality exhibits and I met target exhibitors from Sri Lanka. The venue is conveniently located and spacious. I am satisfied with the fair overall and will visit again next year.” 
– Arindra Abeysinghe, A&A Gem and Jewelry from Sri Lanka

“This is my first time to visit the fair. I am a retailer in Israel and I came to source new suppliers and new products for the year. I also wanted to update myself with the latest market trends. The fair venue is beautiful and the staff is helpful.” 
– Shulamit Sampson, Adi Jade Ltd from Israel

“I aimed to meet new suppliers from the fair and source diamonds, gemstones, pearls, etc. The fair offers buyers a wide array of quality exhibits and the price is reasonable. I am satisfied with the fair overall and will visit again next year.” 
– Cici Pi, DSC Jewelry Co., Ltd from mainland China

“I am a retailer in mainland China and I came to source new products for the year. I met some target suppliers, mainly from mainland China; the quality of products is good. The organiser is professional and the venue is conveniently located. There are many products to choose from and the price is competitive. I will visit again next year.”
– You Zhi Jian, Chinese BoYuZhai Culture Development Limited Company from mainland China

“This is my first time to visit the fair. I am a retailer in mainland China and I came to source directly from manufacturers. I met some target suppliers, mainly from mainland China, Shenzhen; the quality of products is good. The Price is reasonable. Overall, I am satisfied with the fair and will visit again.”
– Shi Zhi Fang, 3eyes brand from mainland China

For more information, see here.

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Robert Bridel Will Head Business Development at GemFind

GemFind has named Robert Bridel to the position of Executive Director of Business Development.

Bridel brings more than two decades of industry experience to GemFind. He is the former President of Gordon’s Jewelers, Inc., and former President and CEO of Barry’s Jewelers, Inc. (now Samuels Jewelers), and held the position of Executive Director and CEO of the American Gem Society for more than four years.

For the past twelve years, Bridel has been the President of Robert Bridel & Associates – a management consulting company that works with retail and manufacturer jewelers providing performance review and analysis, as well as strategic marketing solutions. Robert Bridel & Associates managed the Prestige Promenade, a pavilion of more than 160 booths in the JCK Show, from 2002 to 2012.

“GemFind is thrilled to have a jewelry industry expert of Robert’s caliber on our team as Executive Director of Business Development,” said GemFind’s CEO Alex Fetanat.

“This is an exciting time for the GemFind brand as we prepare to launch new products and services for the jewelry industry in 2015. Robert is an important addition to the GemFind team as he brings unparalleled experience, leadership and a depth of knowledge of our industry that will help us achieve new heights of success,” concluded Fetanat.

“This is a great time to be joining GemFind,” said Robert Bridel. “For the past 15 years GemFind has been the leading technology provider for the jewelry industry and has a proven track record of improving the way retailers and manufacturers operate the tech side of their businesses.

“Going into 2015, GemFind is perfectly positioned to help both retailers and manufacturers fully capture the benefits of cloud, social and mobile technologies. I am honored to have the opportunity to significantly contribute to GemFind’s next stage of success,” concluded Bridel.

Visit http://www.gemfind.com for more information.

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Simply Diamonds Names Mobley

Simply Diamonds, a division of Jay Gems in New York, has named Grant Mobley to the executive team.

Mobley grew up in the industry, his parents opened a retail store, The Mobley Company, the year he was born. He started selling retail when he was 12 years old, then moved to Thailand at 21 to do sourcing for his family’s retail store and to manage manufacturing for their Vast Empire Trading.

Grant spent two years in China before moving back to the US to assist his brother in a start-up jewelry display distribution company, J. Grant & Co. Recently, Grant moved to New York to succeed Guy Long as Vice President of Simply Diamonds, a diamond jewelry manufacturer with a factory and diamond sourcing offices in India.

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Mayer & Watt Releases Colored Gemstone App

Mayer & Watt has released the jewelry industry’s first commercial app dedicated to loose colored gemstones.

The app allows users to browse high resolution photographic images of inventory, explore the varied world of colored gemstones using their own Gemipedia, which explains in detail the specifics of each type of gemstone with history, lore and gemology.

“Having these incredible images of the coolest gemstones on the planet on my IPhone and tablet is invaluable,” said Mark Loren, designer jeweler in Fort Myers, FL.

The app can be used by people in the trade as a sales or educational tool, or downloaded by retail clients as well. The idea is to allow everyone the opportunity to learn about the tremendous variety of colored gemstones available today.

Many jewelers do not have the time to educate either their sales staff or customers about every gemstone. This is a wonderful tool for the jeweler to use and share with his clients. The app is available for free download at both the Apple Store and Google Play.

For more information, see www.mayerandwatt.com.

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SRK Honors the Dalai Lama with Santokbaa Award

SRK welcomed the New Year with His Holiness the Dalai Lama, who visited the Surat-based manufacturing facility.

SRK Foundation founder and chairman Govind Dholakia presented His Holiness with the Santokbaa Award on January 2 for his efforts to establish world peace

The Award is in memory of Govind Dholakia’s late mother Santokbaa.

For more information, see www.santokbaaaward.org.

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IDEX Polished Price Changes for January 1

by Danielle Max

(IDEX Online News) – While prices of round diamonds continued to slip in many categories this week, there were also some decent increases, with some categories approaching as much as a 5-percent change.

Fancy shapes saw a wider range of price changes, both positive and negative, with prices shifting up to 6 percent.

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, contact prices@idexonline.com.


Rounds

  • 0.18-0.22 cts D / VVS2 and-SI2 SI1 increasing 2-4%

  • 0.23-0.29 cts G / IF down more than 2%, K / VVS1 up almost 4%

  • 0.30-0.39 cts price declines of 2%-4% in the VVS2-SI2 range

  • 0.40-0.44 cts H / VVS down 4%

  • 0.45-0.49 cts VS1-SI1 down 1.5-4%

  • 0.50-0.69 cts VS1 to SI2 / K+, down 2-4%.

  • 0.70-0.79 cts some price drops, but F-G / I3 increasing more than 4%

  • 0.80-0.89 cts G-J / VVS-VS prices down

  • 0.90-0.99 cts declines in J+ / VS+

  • 1.00-1.24 cts D-L / IF-SI2 down 2.5%-4%

  • 1.25-1.49 cts J-K /VS1 down 2%-3.3%

  • 1.50-1.99 cts negative changes in the better qualities

  • 2 cts just I / I1 rising 2% to $5,000 p/c

  • 3 cts changes up to +3% in the H+ / SI1+ range

  • 4 cts unchanged

  • 5 cts a range of declines for F-J / IF-VVS1

Fancy Cuts

  • 0.18-0.22 cts D / SI1 down almost 5%

  • 0.23-0.29 cts G-I / VS1-SI2 down 4%-5%

  • 0.30-0.39 cts D-E / SI1-SI2 down around 3%, I / VS2-SI1 declining 4%

  • 0.40-0.44 cts I / IF and G / VVS2 down 2%

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts I / VS2 up 2%, F / I1 down 3%, no other changes

  • 0.70-0.79 cts E / IF up 3%

  • 0.80-0.89 cts D / IF down 3%

  • 0.90-0.99 cts D / IF down 1% to $9,900 p/c, I /SI down almost 3%

  • 1.00-1.24 cts J / VVS2-VS1 down around 2.5%

  • 1.25-1.49 cts J / VVS1 up 2%, G / VS2 and K / SI1 down around 3%

  • 1.50-1.99 cts G / VVS2 down 2%, M / I1 up almost 6% to $1,900 p/c

  • 2 cts G-I /VVS2 down 2-3%

  • 3 cts I / SI1 up 3%

  • 4 cts K / SI3 up 2%

  • 5 cts declines of 0.5-3% in the I+ / SI1+ range

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Block Elite Vendor Program Continues for 2015

For the third consecutive year, Block Business Group will offer the Elite Vendor Program exclusively to its members.

Elite Vendor Partners include frame suppliers, contact lenses and laboratory services.

Each vendor offers Block ECPs additional savings in the form of rebates based on achieving annual sales targets at the end of the calendar year.

“The Elite Vendor Program rewards Block members for achieving modest sales goals with our most popular vendors. The program is a win-win by giving Block members additional discounts in the form of rebate credits while building brand loyalty for our vendors” said Block Business Group President Michael Block.

One of those key vendors is Marcolin USA. Bob Dunn, Marcolin USA’s Vice President of Sales for the East U.S. Trend Division remarked, “Marcolin and Block Business Group have been strategic partners for many years. With Marcolin, Block members have access to a portfolio of fashion brands at competitive price points covering all demographics, with full support through marketing initiatives that contribute to an offices’ profit margin.”

Block Business Group members love the opportunity to earn rebates. BBG member Dr. Jeffrey Brosof of Pennsylvania Optometrics stated, “The fact that they have this rebate program is incentive for us to do business with them through Block.”

In 2015, all of the participating vendors have signed on to participate again.

For details on the program call Block Customer Service at 800-524-1480.

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Rona Fisher a Finalist for NICHE Awards

Rona Fisher's "Open Pond, Half Full" is one of her two finalists in the 2015 NICHE Awards.
Rona Fisher, of Rona Fisher Jewelry Design in Philadelphia, has been selected as a finalist in the 2015 NICHE Awards for the pieces entitled Wild River Cuff and Open Pond, Half Full in the Jewelry: Fine and Jewelry: Gold categories.

Only 170 entries out of more than 1,000 submissions were named as finalists in this year’s competition.

Winners of the 2015 NICHE Awards will be announced at a ceremony on Saturday, January 17, 2015, at the Washington Convention Center, held in conjunction with the American Made Show. The American Made Show is the nation’s largest wholesale marketplace bringing together American and Canadian artists, designers, and retailers. More than 700 artists exhibit handcrafted designs in hundreds of product categories to nearly 5,000 buyers representing galleries, museum gift shops, and specialty retailers.

Fisher stated that she is “thrilled to have been chosen as a finalist. It’s an honor to have my work be among the many exquisite pieces that are up for the awards this year. As well, these two entries embody my design direction—open work, mixed metals, the pebbles motif, and a rustic yet finished look that I see as organic with an urban edge.”

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Goldman Taps Nouvo Mode for Representation in Canada

Nouvo Mode will represent sales and distribution for the Goldman, ArtCarved, and TRITON brands in Canada beginning in January.

“As we continue to grow our market in Canada, we are excited to announce a new partnership with Nouvo Mode to help maximize sales, marketing and distribution of the Goldman, ArtCarved, and TRITON brands,” said Jonathan A. Goldman, Frederick Goldman Inc. Chairman and CEO. “We look forward to tapping into their expertise with luxury brands to expand our presence and engage with new customers and retailers.”

Nouvo Mode is a full service sales and marketing organization that plays a strategic role in the development and growth of designer brands within the luxury market. Created in 2007 they have established themselves as a growing force with a hardworking and dynamic sales team devoted to the promotion of branded jewelry and watches from around the world. Other brands Nouvo Mode represent include: Alex and Ani, Ernst Benz, Breuning and more.

For more information, please contact Brianna Wright, Bratskeir & Company, at bwright@bratskeir.co or (212) 679-2233. Add a comment


WJA Names Conference Keynoters

In the Know keynote speakers author Gretchen Rubin (L) and
Jennifer Hyman, CEO of Rent the Runway
The Women's Jewelry Association announces its two keynote speakers for the annual WJA In The Know Conference, to take place March 10, 2015, at a new location: Convene, at 730 Third Avenue in New York City.

At 9 a.m., WJA In the Know will kick off with opening keynote speaker Gretchen Rubin, the author of “The Happiness Project,” The New York Times #1 bestseller.

Rubin's talk is entitled: "The Happiness Project: Why I Spent a Year Trying to Sing in the Morning, Clean My Closets, Fight Right, Read Aristotle, and Generally Have More Fun."

Rubin's pursuit of happiness began one rainy afternoon, while riding a city bus, when she found herself asking: "What do I want from life, anyway?" Rubin answered her own question: "I want to be happy." In a flash, Rubin decided to dedicate a year to a happiness project, in which she would test drive the wisdom of the ages, current scientific studies, and lessons from popular culture about how to be happier.

Response to Rubin's Happiness Project has been explosive. There are now Happiness Project groups, blogs, and personal initiatives springing up across the country and on social networks. In 2015, she'll publish a new book, “Better Than Before: Mastering the Habits of Our Everyday Lives,” which explores how habits are the invisible architecture of a happy, strong, and productive life.

To close the WJA In the Know conference, WJA will host keynote speaker Jennifer Hyman, CEO of Rent the Runway, a retail service that provides designer dress and accessory rentals.

Initially a purely e-commerce company, Rent the Runway has expanded into brick-and-mortar as well, with locations in New York City, Washington, D.C., and Las Vegas.

As the company states: "By giving people access to remarkable luxury experiences, we're changing the meaning of ownership -- and revolutionizing retail in the process. We exist because we believe a beautiful product shouldn't only be experienced by owning it."

Dubbed by The New York Times as "a Netflix Model for Haute Couture," Rent the Runway was co-founded by Hyman, who was also named among Fortune magazine's "Trailblazers: 11 People Who Are Changing Business," Forbes's "Most Disruptive Names in Business," and Fast Company's "Most Influential Women in Technology." Hyman's talk is entitled: "The Material Economy versus the Experiential Economy."

WJA's new In The Know meeting space, the ultramodern Convene, will allow the conference to grow in 2015, and also to host its annual In The Spotlight evening event on the same day.

In The Spotlight honors WJA regional chapters' Shining Stars -- those chapter members who have given extraordinary service to their individual chapters throughout the past year. It also honors WJA DIVAS, the winners of the association's annual design competition.

Tickets for both events will go on sale in January.

For more information, visit womensjewelryassociation.com. Add a comment


MSNBC’s Ramberg Will Deliver Pre-Opening Keynote for JA Show

JJ Ramberg will be the keynote speaker prior to the JA New York Show on January 18.
JA New York Shows, in conjunction with their partner Jewelers of America, has announced JJ Ramberg as a special keynote speaker prior to the show’s opening on January 18 at the Jacob Javits Center.

Ramberg is the host of MSNBC’s popular Your Business show, as well as the author of Wall Street Journal best-seller, "It’s Your Business — 183 Essential Tips that Will Transform Your Small Business."

Ramberg will speak to both exhibitors and retailers at a session that will begin at 9:30 a.m. on the opening day of the show in the lobby of the Javits Center and will offer insight, expertise and practical tips that she’s garnered as both a business journalist, as well as an entrepreneur. A Q&A period will follow Ramberg’s presentation -- “Tips to Help Your Small Business Grow.”

“We are thrilled to partner with JA to offer our community such a compelling keynote speaker,” said JA's New York show director, Drew Lawsky. “Holding the session before the show opens offers both retailers and exhibitors the opportunity to benefit from the speaker’s business savvy without taking away from the day’s business.”

In addition to the keynote speaker, JA is also offering extensive education sessions throughout Sunday and Monday of the show. Highlights of these educational sessions include a panel on online reputation management, the importance of search engine optimization, effective negotiating, social media and 3D printing.

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Stuller Names KDM Retail Preferred Partner For Jewelry Showcases

Interior design from Stuller and KDM

Stuller, one of the largest jewelry manufacturers and suppliers to jewelry retailers, has now enabled its customers to have direct access to Stuller’s preferred jewelry showcase manufacturer partner, KDM Retail.

KDM Retail, the retail environments division of KDM P.O.P. Solutions Group, previously partnered with Stuller for the launch of the Interiors by Stuller division, which was developed to provide turnkey services to their customers.

David Hollingshead, the Director of Interiors for Interiors by Stuller, has been hired by KDM Retail as a National Account Manager for the jewelry and specialty retailer verticals.

While at Stuller, Hollingshead and the Interiors team were responsible for the design of award-winning jewelry store interiors.

The transition from Stuller to KDM Retail has allowed Stuller to focus on their core business while passing along the opportunity for their customers to work directly with KDM for their jewelry showcases and store interiors.

For more information see KDM's website. Add a comment


WDC Members Support Group’s Mission

Members of the World Diamond Council, gathering in Delhi, India, for an informal meeting, have issued a statement emphasizing their strong and unequivocal support of the WDC's mission and its leadership position in the struggle against conflict diamonds.

"In response to the various reports in the media about the WDC, we wish to reiterate that we value the role the WDC plays in the Kimberley Process and, by extension, the meaningful role of the KP in the global diamond industry and trade. We therefore call attention to the WDC's mission statement and reconfirm and pledge our continuous and full support to the WDC and its objectives," the statement notes.

The WDC mission statement says as follows: "The primary objective of the WDC is to represent the diamond industry in the development and implementation of regulatory and voluntary systems to control the trade in diamonds embargoed by the United Nations or covered by the Kimberley Process Certification Scheme."

Among the meeting's participants were Ernest Blom, President of World Federation of Diamond Bourses; Edward Asscher, President of the World Diamond Council, WDC; Ronnie VanderLinden, Secretary General of the International Diamond Manufacturers Association (IDMA); and Gaetano Cavalieri, President of CIBJO, the World Jewellery Confederation.

The informal WDC meeting preceded the inaugural World Diamond Conference in India that was held in Delhi, December 11-12, under the joint patronage of the Gem & Jewelry Export Promotion Council and the World Diamond Mark Foundation.

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Simplex Diam Gains Assets of Martin Ross Group

Simplex Diam Inc. was the winning bidder in the bankruptcy auction of the inventory assets of the Martin Ross Group of Canada.

The inventory contained in the winning lot includes 6,000 carats of diamonds and is valued at about $5 million dollars at wholesale prices. The majority of the diamonds are of Canadian origin.

Prior to the bankruptcy filing the Martin Ross Group of companies included Libman and Co., and was among the largest jewelry manufacturers in Canada.

Simplex will be re-distributing the diamond inventory to retailers and wholesalers at trade shows and in their NY offices.

Interested parties may contact Simplex at http://www.simplexdiam.com/contact.

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The IDEX Online Polished Price Report for December 11

After several weeks of increasing numbers of price changes in round diamonds, there was a decline this week, according to the IDEX Online Price Report with most changes being negative.

Meanwhile, fancy shape diamonds saw a further increase in price changes this week, with slightly more declines than gains.

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 risers and two decliners in better colors/clarities

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts K / VS2 +3.5% to $1,500 p/c

  • 0.40-0.44 cts I / VVS1-VVS2 rises of 2%

  • 0.45-0.49 cts several increases in lower colors/medium clarities

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

  • 0.70-0.79 cts I / IF +2.2% to $4,600 p/c

  • 0.80-0.89 cts just two changes, both down

  • 0.90-0.99 cts F / SI2-SI3 declines of 2%

  • 1.00-1.24 cts a broad range of declines

  • 1.25-1.49 cts many declines

  • 2 cts I / I1-I2 rises of 2-4%

  • 3 cts just one change, downwards

  • 4 cts unchanged

  • 5 cts no changes



Fancy Cuts

 

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts just two changes, both risers

  • 0.30-0.39 cts D-E / SI2-I1 increases of 3-4%

  • 0.40-0.44 cts K-M / IF-VVS1 declines of 3-4%

  • 0.45-0.49 cts D / VVS2 +3.6% to $2,850 p/c

  • 0.50-0.69 cts D-H / SI2 increases of 2%

  • 0.70-0.79 cts mostly increasing

  • 0.80-0.89 cts just two changes, both decliners

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts a wide range of declines

  • 1.50-1.99 cts equally divided by decliners and risers

  • 2 cts F-G / SI3 declines of 3%

  • 3 cts mostly declining

  • 4 cts many increases in lower colors/mid-clarities

  • 5 cts many decreases in top colors/better clarities

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.

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Worthy Launches Jeweler Partner Program

The Worthy marketplace for pre-owned luxury goods has launched a new white-label auction service for retail jewelers, diamond traders, luxury watch collectors and pawn-shop owners.

The new service provides jewelers with access to a customizable white-label version of the Worthy auction platform, facilitating the best market price for their walk-in clients and slow moving inventory. 

“While the practice of selling luxury items online is increasing, there are still a great number of individuals who prefer doing it through their local jeweler,” said Ben De-Kalo, founder and CEO of Worthy. “Now, when clients walk into their local jewelry store to sell a jewelry item, they can feel the comfort of working with a familiar face while still benefitting from the reach and efficiency of the Worthy Auction Platform.”

Beyond the added service to their customers, jewelers can utilize the Worthy Auction Platform in other ways that can benefit their business directly.

“It is much more than that,” says Mr. De-Kalo. “There are a fair amount of jewelers that need to turn over aged inventory whether to make room for a new collection, close their business for retirement, or jewelry store relocation. We decided to embrace this challenge.”

The auction platform itself is operationally similar to that available to individual private sellers with three main differences. First and foremost, the platform is customizable, to be branded by the jeweler and powered by Worthy.

Second, the item description forms are far more detailed to include characteristics that only a jeweler would recognize, resulting in more accurate market value estimations and better offers. 

Lastly, the jeweler is offered a lower commission structure. Partner jewelers can expect offers within the range of liquidation-wholesale value for their items.

Worthy’s new program aims to bring jewelers, previously viewed negatively, back into the resale process. 

 

For more information see www.worthy.com.

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World Diamond Conference Kicks Off in Delhi

The World Diamond Conference in India is now underway at the Vigyan Bhawan convention complex in Delhi, the Indian capital. 

The conference is a joint effort of the World Diamond Mark Foundation and the Gem & Jewellery Export Promotion Council, and is supported by the Ministry of Commerce and Industry, Government of India.

"The WDCI comes at an important moment in the diamond industry's history," WDMF Chairman Alex Popov said. “It will set the tone for the future of the relationship between the Russian and the Indian diamond industry and trade," he noted.

"For the international diamond business community, the inaugural WDCI has the potential of becoming an important milestone. Here in Delhi, the World Diamond Mark Foundation hopes the industry will take yet another step to come together under a singular, unified effort to reintroduce the generic marketing and branding of diamonds to the global consumer market. The changes, growth and diversification of the luxury consumer product market mandate such an effort, and we wish to impress that upon the participants during our discussion at the conference," Popov stated.

Popov thanked and congratulated the Indian government and the GJEPC for their support and the organization of the WDCI. The GJEPC is an early adopter of the WDFM's efforts, and its contribution to the WDFM's mission will prove to be invaluable."   

Popov continued and lauded the contributions to the WMDF's efforts and programs. "I wish to laud and thank explicitly the Dubai Multi Commodities Centre (DMCC), the Turkish Jewelry Exporters Association (JTR) and IDEX Online for their support as early adopters of the WDMF and its objectives.

Go to wdci.diamonds for more information.

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Gesswein Hires Three New Associates

Adam Kasson joins Gesswein’s field sales staff in the jewelry division.  Adam has had a number of sales and administrative assignments including working in his family owned jewelry and watch business in Southport, Connecticut. 

Ian Bowden also joins the industrial field sales team after a previous position with Strauss Diamond Instruments USA. 

Chris Corwel comes to Gesswein from Specialty Wire and Cords bringing additional senior purchasing experience to the Gesswein procurement team.

 

“All of these key staff additions greatly help position Gesswein for continued growth in new areas and products as we move aggressively into our second century of business,” says Gesswein Vice President and fourth generation owner/executive Greg Gesswein.

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