The IDEX Online Polished Price Report for October 2

Price changes were again relatively scarce this week in round diamonds and overwhelmingly negative, although there were strong rises in the two largest categories of stones, according to the weekly IDEX Online Price Report.

Meanwhile, fancy shape diamonds saw a further decline in price changes, with a bias to the negative.

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

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

Rounds

  • 0.18-0.22 cts G-H / SI1-SI2 declines of 4-5%

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts several declines in higher colors, medium clarities

  • 0.40-0.44 cts no changes

  • 0.45-0.49 cts H / SI2 -2.3% to $2,150 p/c

  • 0.50-0.69 cts G / IF +3.1% to $5,050 p/c

  • 0.70-0.79 cts several declines in lower colors, better clarities

  • 0.80-0.89 cts G / IF -3.1% to $6,300 p/c

  • 0.90-0.99 cts a range of declines

  • 1.00-1.24 cts N / VS2 +3.6% to $2,900 p/c

  • 1.25-1.49 cts D / IF-VVS2 declines of 3%

  • 2 cts just one change, downwards

  • 3 cts F / VVS2 -3.1% to $37,700 p/c

  • 4 cts J-N / SI3-I1 increases of 1-4%

  • 5 cts J-N / SI1-I3 rises of 2-5%



Fancy Cuts

 

  • 0.18-0.22 cts F / IF-VVS1 declines of 3-4%

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts two changes in top colors and clarities

  • 0.40-0.44 cts no changes

  • 0.45-0.49 cts two risers in mid-colors/clarities

  • 0.50-0.69 cts I / SI2 +2.9% to $1,750 p/c

  • 0.70-0.79 cts several declines in better colors/lower clarities

  • 0.80-0.89 cts mostly declining

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts E / VVS1-VVS2 declines of 3%

  • 1.50-1.99 cts two decliners

  • 2 cts M-N / SI2 rises of 4%

  • 3 cts mostly rising

  • 4 cts M / VS1 +3.6% to $5,700 p/c

  • 5 cts unchanged

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

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

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Kameleon Jewelry is Poppin’ for the Cure

During the month of October, Kameleon Jewelry is again donating a portion of its proceeds from the sale of their Pink Ribbon JewelPops to the fight against Breast Cancer.

This year there are a total of 6 styles of Pink Ribbon JewelPops; including a new release, named “Think Pink.” Kameleon donates $2 from the sale of each JewelPop. 

Kameleon Jewelry also incorporates the corporate Facebook page into their fundraising efforts, offering $1 for every new “like” their page receive. 

Each October Kameleon retailers are encouraged to host in-store events based on the campaign. Kameleon offers stores a preset package of JewelPops as well as a special Pink Ribbon JewelPop Compact case which can be offered as a gift with purchase. The Poppin for the Cure campaign has made the months leading up to October very busy for Kameleon as more and more retailers take on the challenge to help in the fight against Breast Cancer. 

 

For more information on the Poppin’ for the Cure campaign, contact Kameleon Jewelry at 866-431-4484 or info@jewelpop.com.

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Jewelers Mutual Introduces Trauma Insurance

Jewelers Mutual Insurance Company has introduced an innovative benefit to address the often-overlooked need to treat the psychological effects of armed robberies and other traumatic events that jewelers face. 

The new benefit, called the RELI(E)VE Program, is the result of a partnership between Jewelers Mutual and Ceridian LifeWorks, a leading provider of Employee Assistance Programs, Work-Life, Wellness, and Crisis Support Services in the U.S. and Canada. The benefit is included with Jewelers Mutual coverage.

The new benefit is available to a jewelry business’s employees and family members impacted by a traumatic event resulting in a Jewelers Mutual insurance claim, such as a robbery or a natural disaster.

The RELI(E)VE Program’s services include 24/7 telephone access to LifeWorks' masters-level counselors, face-to-face sessions with a qualified local counseling professional, and, when needed, on-site crisis support entailing both one-on-one and group counseling sessions. 

“Jewelers work in a dangerous industry, and I think I speak for everyone at Jewelers Mutual when I say there is nothing more heart-wrenching than news that one of our jewelers has been involved in an armed robbery or a shooting or another traumatic situation,” said Darwin Copeman, president and CEO of Jewelers Mutual.

“At Jewelers Mutual, we want to do more for you than pay for your stolen goods or repair your store. We want to help you and your employees recover however we can, so you can move forward with your lives and resume your life’s work,” he said. 

“We’re experts in jewelry insurance, but we’re not counselors. That’s why we looked to a highly experienced, well-respected, and nationally connected company to help us help our members. I’m so thankful we are able to extend this service with Ceridian LifeWorks to our policyholders in their times of need.”

According to Joseph Utecht, LifeWorks manager of crisis response, the important first step is to recognize psychological injury. “We’re all familiar with stories of the individual who walks away from an automobile accident saying he is fine, when in reality he has a bad concussion or a broken bone. 

“In the immediate aftermath, the shock of the event and rush of adrenaline temporarily mask the injury. Psychological injury can be the same, but sometimes with a longer delay before the individual realizes he is struggling to cope with what had happened.” 

Utecht recommends watching for these signs that an individual could be having difficulty recovering from psychological trauma:

  • vivid and frequent flashbacks,
  • a pervasive change in personality or demeanor,
  • dramatic emotional swings,
  • anxiety or paranoia,
  • insomnia or fitful sleep,
  • depression, and/or
  • heightened feelings of stress.

“Often it’s a matter of degree,” Utecht said. “Any or all of these can be normal responses to trauma, but if the intensity is too great or the condition persists, there could be a problem.” For this reason, Utecht recommends that traumatized individuals seek the services of a well-credentialed professional counselor at the first signs of an emotional or psychological struggle.

To learn more about Jewelers Mutual's new RELI(E)VE Program, visit JewelersMutual.com.  

Gel-Pak Signs Distribution Agreement with Stuller

Gel-Pak, a division of Delphon and a leading manufacturer of device shipping and handling carriers, has reached an agreement with Stuller to become the exclusive North American distributor of Gel-Pak’s line of Gem-Box products.

“Our exclusive partnership with Stuller allows Gel-Pak to better serve customers in the gem and jewelry industry,” says Darby Davis, vice president of sales and marketing for Delphon. “Gel-Pak’s line of membrane boxes and gel-coated jewelry carriers are designed to protect and display valuable gemstones and jewelry during shipping, handling, inspection and cataloging.” 

“We have used these cases in our own processes for awhile and they’ve always been a customer favorite,” says Sandi Babineaux, Stuller’s packaging and displays manager. “Not only are they secure and efficient, but also allow light to come at 360-degrees, adding to each stone’s brilliance and shine.” 

The gel-coated boxes are available in black and white and with or without the gridlines. For more information, visit Stuller at www.stuller.com.

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Jewelers for Children Holds Board of Directors Election

At the regularly scheduled meeting of the board of directors on June 1, 2014 in Las Vegas, NV, Jewelers for Children held its annual elections for officers and directors.

All current officers were elected to a second, two-year term.  They include Ruth Batson, American Gem Society and AGS Laboratories, Chairman; Mark Light, Sterling, Inc., Vice President of Charity Programs; Dennis Ulrich, Richline Group, Vice President of Fundraising; Jim De Mattei, ViewPoint Sales and Marketing, Vice President of Marketing and Public Relations; Debra Puzio, Star Luxe, llc, Vice President of Special Programs; Pamela Mortensen, JCPenney, Secretary; Ulrich Wohn, LVMH Watch and Jewelry, Treasurer; and Peter Engel, Fred Meyer Jewelers, Immediate Past Chair.  Terms begin on October 1. 

“This board is one of the most committed I have ever had the pleasure of working with," said Batson.  "I'm very much looking forward to continuing a second term and welcoming the new directors." 

In addition, seven new directors were elected to three-year terms.  They are Julie Cosio, Assurant Solutions, Benny Hematian, BH Multi Com/Effy, Harvey Kanter, Blue Nile, Diane Paccione, QVC, Ezriel Rapaport, Rapaport, Elliot Tannenbaum, Leo Schachter Diamonds, and Eric Zuckerman, Pac Team America.

In addition to the new directors, eight current directors were elected to additional three-year terms.  They are Jeffrey Cohen, Citizen Watch Co., of America, Ellen Fruchtman, Fruchtman Marketing, Susan Rothman, Hearts On Fire, Joel Schechter, Honora, Hank Siegel, Hamilton Jewelers, Laura Stanley, Stanley Jewelers Gemologist, John White, Fossil, and Stewart Wicht, Rolex Watch USA. 

John Green of Lux Bond & Green concluded a six-year term on the board. 

 

A complete list of the Jewelers for Children Board of Directors can be found on the organization’s website, www.jewelersforchildren.org.

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