The IDEX Online Polished Price Report for November 27

There was again an increase this week in price changes in round diamonds, with almost all of them downwards, according to the weekly IDEX Online Price Report.

In fancy shape stones, there was a slightly higher numbers of price changes, which were overwhelmingly negative.

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

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

Rounds

  • 0.18-0.22 cts D-H / SI2 falling by 4-5%

  • 0.23-0.29 cts just one change, downwards

  • 0.30-0.39 cts F / VVS1 -3.8% to $2,550 p/c

  • 0.40-0.44 cts several decliners

  • 0.45-0.49 cts K-L / SI3 declining by 3-4%

  • 0.50-0.69 cts M-N / SI1 declining by 3%

  • 0.70-0.79 cts F-H / I3 declining by 4%

  • 0.80-0.89 cts a wide range of declines in better colors/clarities

  • 0.90-0.99 cts just two changes downwards

  • 1.00-1.24 cts D / IF-VVS1 declines of 3%

  • 1.25-1.49 cts many decliners

  • 2 cts declines in many items

  • 3 cts two items decreasing

  • 4 cts D / SI1 -2.9% to $29,600 p/c

  • 5 cts E-H / SI1 declines of 3%



Fancy Cuts

 

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts just one change, upwards

  • 0.30-0.39 cts G / IF +2.8% to $1,800 p/c

  • 0.40-0.44 cts no changes

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts H / I2 -5.0% to $950 p/c

  • 0.70-0.79 cts K / I1 -4.8% to $1,000 p/c

  • 0.80-0.89 cts many declines in lower colors/clarities

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts J / VVS2-VS1 declines of 2%

  • 1.50-1.99 cts G-I / I2 declines of 5%

  • 2 cts just two changes, downwards

  • 3 cts mostly declining

  • 4 cts J-N/ SI1 increasing by up to 3%

  • 5 cts D-F/ VS2 decreases of up to 3%

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

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

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Richmond Jewelers Support Children’s Hospital

First Row Left To Right: Sally Ashby of Carreras Jewelers; Mary Gill Lawson of Victoria Charles Jewellery; Jane Sternheimer of Charles Schwarzschild Jewelers; Raffle Chair Cheryl Fornash of Cheryl Fornash Jewelers; Vicki Robinson and Nicola Parker of Fink’s Jewelers. Second Row Left to Right: Junior Board Ball Co-Chair Rita Morgan Stocks; Taylor Cowardin of Cowardin’s Jewelers; Jeff Gehrlich of Saks Fifth Avenue; Don Dransfield of Dransfield Jewelers; Todd Minnich of Schwarzschild Jewelers; Ronnie Adolf of Adolf Jewelers; Junior Board Ball Co-Chair Ashley Mees Kuemmerle.

On November 7th, ten of Richmond’s most distinguished retail jewelers gathered at the 51st Children’s Hospital Foundation Ball at the Country Club of Virginia, where, together, they helped to raise over $9,000 in support of the Children’s Hospital at VCU.

The evening marked the fifth year that the jewelers have partnered under the leadership of Cheryl Fornash to present a “Jewels” raffle, which have raised over $70,000 for two local organizations–the Children’s Hospital at VCU and Massey Cancer Center at VCU. 

The “Jewels” raffles first conceived by Cheryl Fornash of Cheryl Fornash Jewelers as a way to support cancer research at Massey Cancer Center at the “Women in Wellness” event in 2009. 

“At the time, I was volunteering on the committee for the Women in Wellness events. One of the most popular features at the event for a few years prior had been a jewelry raffle. I thought if we could expand it to included pieces from other jewelers, it would make a bigger impact and raise more for Massey. That year, 11 of my colleagues agreed and joined me to support the cause–each donating a piece of jewelry with a retail value of $1,500 to the raffle that became known as “Jewels for a Cure.” 

In 2012, prompted by a change in fundraising strategies at Massey Cancer Center, Fornash proposed the “Jewels” raffle concept to the Junior Board of the Children’s Hospital Foundation in support of the Annual Hospital Foundation Ball.

“After five years, I’m thrilled to be able to say that the “Jewels” raffles have become a tradition among Richmond’s most respected jewelers,” continued Fornash.

“We all individually support a myriad of charities throughout the year. But on this one night we put aside our roles as competitors and come together to socialized and raise funds to help provide the best medical care possible for the children of Richmond.”

The collaboration by Richmond’s retail jewelers is the only one of its kind within the Richmond business community as well as the national retail jewelry community. The 2014 Jewels for Children retail jewelers are Adolf Jewelers, Carreras Jewelers, Charles Schwarzschild Jewelers, Cheryl Fornash Jewelers, Cowardin Jewelers, Dransfield Jewelers, Fink’s Jewelers, Saks Fifth Avenue, Schwarzschild Jewelers and Victoria Charles Jewellery.

Nine of those firms–Adolf Jewelers, Carreras Jewelers, Charles Schwarzschild Jewelers, Cheryl Fornash Jewelers, Cowardin Jewelers, Dransfield Jewelers, Fink’s Jewelers, Schwarzschild Jewelers and Victoria Charles Jewellery form the foundation for the “Jewels” raffle–having participated for all five years. 

Saks Fifth Avenue has participated for two years. The Davis Collection and Vera’s Fine Jewelers participated for two years; Jack Kreuter Jewelers was involved for the first four years–before Jack Kreuter’s retirement; Peter Alexander Jewelers was involved for three years, MacLaren Jewelers for two years and Capri Jewelers for one year before they closed.

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Indiana Jewelers Meet, Present Awards

The Indiana Jewelers Association met for their annual conference on October 26 at the Country Club of Indianapolis. This conference hosts multiple educational speakers and held the state’s annual jewelry design competition. The speakers for this year’s conference were Tanner Justice of Federated Insurance and James Porte of Porte Marketing.

The Jewelry Competition had multiple categories. The winner for the category of $2,001 - $5,000 retail value was Brent Selke & Andrea Guy of Reis-Nicols Jewelers (Indianapolis) with a stunning labradorite, sapphire and diamond ring.

The winner for the category for $5,001 - $10,000 retail value was Brandon Justice of Stall & Kessler's Diamond Center (Lafayette) with a breath-taking palladium pendant with a 6.04ct fancy blue zircon and 34 diamonds.

Lisa Perantoni of Khamis Fine Jewelry (Indianapolis) was our winner for the $10,000+ retail value category with a beautiful diamond ring with a center 2.02 cttw VS2, J color Asscher cut diamond, all hand carved.

People's Choice Award went to Brent Selke of Reis-Nicols Jewelers (Indianapolis) for a very impressive ruby suite.

Winners from the state jewelry associations will receive automatic entry into the final judging of The Case Awards.

Jewelers of America will hold its annual national retailer design competition (The Case Awards) at the New York Winter Show in March 2015. The CASE Awards honor the talented jewelry designers found in Jewelers of America-member jewelry stores nationwide.

winner of Indiana Jewelers awards

Lisa Perantoni of Khamis Fine Jewelers in Indianapolis won for the $10,000+ retail category.

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Corinne Posts Record Sale

Corinne Jewelers in Toms River, NJ, made store history with the recent sale of a $170,000 pink diamond.

The gemstone, sold to a customer on November 4, was a 1.64-carat radiant diamond with a natural pink color. Corinne’s master jewelers are in the process of custom designing a setting for it. 

“This was a once-in-a-lifetime sale, and it was certainly the biggest sale in our history,” said Ryan Blumenthal, owner of Corinne Jewelers. 

“It was a thrill to sell that diamond and to work with the extraordinary clients who purchased it. Now we have the added pleasure of creating the perfect setting for it. What a way to cap off our 50th anniversary year!” 

This year marks Corinne Jewelers’ 50th year in business. In 1964, founder Mel Blumenthal – who promised to put his wife’s name up in bright lights – opened the doors to his business. Today, the third generation of Blumenthals carry on the family tradition by providing Ocean and Monmouth counties with the area’s largest selection of fine jewelry.

Corinne Jewelers, The Diamond Source, is recognized locally for its diverse selection of engagement and wedding rings, loose diamonds, modern timepieces, and jewelry from some of today’s most sought-after designers, as well as its knowledgeable staff and superior service.

 

For more information, see corinnejewelers.com.

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