Jennifer Lopez launches Endless Jewelry line in US

Jennifer Lopez and Endless Jewelry have agreed to a long-term partnership to introduce a special exclusive collection of bracelets and charms bearing the Jennifer Lopez trademark in the U.S.

Endless Jewelry is known for its colorful bracelets in quality leather and a wide range of classic and modern charms which has swept through the markets in Europe and North America.

Endless and Jennifer Lopez are joining forces to introduce a brand new collection of fine jewelry, unique bracelets and charms, all reflecting the glamour of Jennifer Lopez and the quality of Endless Jewelry.

The collection is available exclusively in fine jewelry stores across the United States and Canada.

Jennifer Lopez said “My exclusive collection with Endless Jewelry embraces the attitude of being fun and elegant at the same time. It is also about letting each woman express her personality through her jewelry. The collection will let women celebrate what is unique and beautiful about themselves.”

CEO and Founder of Endless Jewelry, Jesper Nielsen, is equally thrilled about the agreement, “Endless Jewelry is all about being yourself, positivity and daring to show your colors whether you wish to be elegant, discrete or stand out. We offer women a way to personalize her jewelry by letting her mix and match classic and modern charms with her choice of color or colors of the day.

“It’s simple yet unique, and Jennifer Lopez’s extraordinary style and charisma perfectly represent the new collection. We are proud and delighted to be in this long-term relationship with Jennifer Lopez.”

Endless Jewelry and Hannoush Jewelers are pleased to announce a new brand relationship, placing Endless Jewelry's colorful collections of leather bracelets and modern charms into more than 60 Hannoush and Giftology retail stores throughout the East Coast and Midwest.

"We are extremely proud to enter a partnership with Hannoush Jewelers and I believe that it will be a win-win for our brand and the prestigious Hannoush stores," said CEO and Founder of Endless Jewelry Jesper Nielsen.

"Endless has gone through a speedy and massive growth in Europe over the past year, and our collections have been extremely well received in the US market, as well as with retailers. 

Hannoush is important to our brand growth with their regional and geographical reach and our shared commitment to deliver high quality product, service and focus on the individual customer."

Hannoush Jewelers' Camile Hannoush agrees, "To say that Hannoush Jewelers is excited about Endless Jewelry is an understatement. Our consumers are always looking for the latest trends in fashion jewelry and the impressive line from Endless Jewelry presents an entirely new concept to customers looking for something different - with both fashion and edge- in a market flooded with copycats."

The Endless Jewelry collection features a range of colorful leather wrap bracelets and hundreds of unique, hand-made charms created especially for the line and appealing to today's modern woman.  Designs are created to appeal more to a mindset than a particular age and are trendsetting, not following. The charms are forged in sterling silver, some of which are plated with 18K yellow and rose gold.

"This line really creates an affordable luxury designed to cater to today's women and their multitude of fashion lifestyles," said Hannoush.

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GIA Delegation Travels to Malawi Mine

In 1958, a ruby and sapphire deposit was discovered about 145 kilometers south of Malawi’s capital of Lilongwe on Chimwadzulu Hill.

Although this is one of the oldest known gemstone deposits on the African continent, very little has been published about its production in recent years.

In late September, GIA Field Gemologist Vincent Pardieu, videographer Didier Gruel and expedition guest Stanislas Detroyat journeyed to Malawi to collect samples for GIA research activities, and to document and share their findings from the deposit.

During the expedition, the team learned that rubies from the Chimwadzulu deposit are associated with amphibole, mica and feldspar.

“We discovered that this deposit shares a very similar metasomatic type geological environment with the Montepuez ruby deposit located in nearby in Mozambique, as well as Winza, Tanzania and Didy, Madagascar,” said Pardieu. While the Chimwadzulu deposit is known for its rubies and orange sapphires, it produces mostly pale green, blue and yellow sapphires.

In 2008, Nyala Mines Ltd. began to work the deposit, while Colombia Gem House Inc. took charge of cutting, marketing and selling of the stones.

In 2013, Malawian national Abdul Mahomed acquired of 80 percent of the mining operation. According to Mahomed, the acquisition process is expected to be completed soon and the Malawi government and a local consortium will hold the remaining 20 percent.

Since then, the mining operation has been renovated and the areas originally worked in 1958 have been further explored. Production is expected to begin in 2015.

In an effort to support the local community, Columbia Gem House has set up the Dzonze District Development Fund and is supporting two villages near the mine through a school at Kandoma and a hospital in Katsekera.

In keeping with its mission to ensure the public trust in gems and jewelry, GIA regularly conducts research field trips to important gem and jewelry centers around the globe, incorporating findings into research practices and education programs and providing information to the trade and public. GIA appreciates the access and information provided during these visits; however, they should not be taken as or used as a commercial endorsement.

Findings from the Malawi field trip will be featured in an upcoming issue of G&G, as well as in field reports and video documentaries on www.gia.edu.

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The IDEX Online Polished Price Report for November 20

For the second consecutive week, there was an increase in the number of price changes in round diamonds, with the vast majority being negative, according to the weekly IDEX Online Price Report.

Thin price change activity again in fancy shape stones, with most being negative.

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

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

Rounds

  • 0.18-0.22 cts D-I / SI1 decreases of 4-5%

  • 0.23-0.29 cts H-I / SI2 increases in excess of 4%

  • 0.30-0.39 cts many decreases in top colors/medium clarities

  • 0.40-0.44 cts just two changes, both downwards

  • 0.45-0.49 cts D / VS1 -2.8% to $3,450 p/c

  • 0.50-0.69 cts just one change, downwards

  • 0.70-0.79 cts F-H / I3 rises of more than 4%

  • 0.80-0.89 cts declining

  • 0.90-0.99 cts several declines in top colors/clarities

  • 1.00-1.24 cts decreases in range of colors/clarities

  • 1.25-1.49 cts D-H / VVS1-VS1 many decliners

  • 2 cts I-M / I1 declines of up to 2-3%

  • 3 cts range of decreases

  • 4 cts L / VVS1 -2.7% to $14,500 p/c

  • 5 cts several declines in lower colors/mid-clarities



Fancy Cuts

 

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts just one change, downwards

  • 0.30-0.39 cts F / VS1 -2.8% to $1,750 p/c

  • 0.40-0.44 cts no changes

  • 0.45-0.49 cts G / I1 +4.8% to $1,100 p/c

  • 0.50-0.69 cts unchanged

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

  • 0.80-0.89 cts one decliner

  • 0.90-0.99 cts I / VVS1 -2.3% to $4,200 p/c

  • 1.00-1.24 cts declining

  • 1.50-1.99 cts I-J / SI3-I2 declines of up to 5%

  • 2 cts unchanged

  • 3 cts rising

  • 4 cts no changes

  • 5 cts D-F/ VS2-SI1 decreasing by 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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Kameleon Jewelry Reaches Social Media Milestone

Kameleon Jewelry reached an exciting social media milestone in October of 2015, reaching 50,000 fans on Facebook.

Kameleon Jewelry also recently added to their social media presence with an Instagram account; @kameleonjewelry where followers can share images of their collections and enjoy an inside peek at Kameleon Jewelry.

 

For more information visit www.kameleonjewelry.com email info@jewelpop.com or on social media Facebook - /kameleonjewelry Twitter & Instagram @kameleonjewelry and on YouTube www.youtube.com/user/jewelpopinc.

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Forevermark Celebrates Hand-Holding

 

Coco Rocha and her husband James Conran.

Forevermark has embarked on a new project to explore and celebrate the rich symbolic meanings of holding hands. 

The #HoldMyHandForever exhibit was unveiled at an event party on Monday, November 17 at Highline Stages in New York City.  

Among those who came out to celebrate, a glowing and pregnant Coco Rocha dressed in Forevermark diamonds, and her husband James Conran. The soon-to-be parents snapped photos looking oh-so-in-love, and Coco shared on her Instagram with #HOLDMYHANDFOREVER.

New parents Kevin and Danielle Jonas had a parents night out and gushed about their new addition seven-month-old Alena Rose. Kevin and Danielle ran into fashion photographer and TV Personality Nigel Barker and his wife Cristen, and Kevin immediately took out his phone to show off photos of baby Alena Rose. Danielle also hinted to Kevin that a Forevermark diamond bracelet is on her holiday wishlist. 

Other guests in attendance included models Shaun Ross and Diandra Forrest who struck a pose at the social media station. Newlyweds HollywoodLife reporter and TV personality Chloe Melas and restauranteur Brian Mazza were also in attendance as well as model and Real Housewife Kelly Bensimon.  

Throughout time, holding hands has remained one of the most instinctual and powerful ways of communicating positive emotion and reflects a unique and intimate promise. Forevermark believes in the power of promises; from its promise of beautiful, rare and responsibly sourced diamonds, to the unspoken promise that connects two people when they hold hands. 

In an exhibition curated by Wendy Perron, author of “Through the Eyes of a Dancer” and former editor-in-chief of Dance Magazine, the project features dance artists who are partners on and offstage in photographic stories that illustrate their personal and artistic interpretations of holding hands. 

The featured artists include Tiler Peck and Robert Fairchild (principals at New York City Ballet), photographed by Matthew Karas; postmodern icons David Gordon and Valda Setterfield, photographed by Paula Court; New York City’s premier hip-hop couple Kwikstep and Rokafella, photographed by Julieta Cervantes; and Kirven Douthit-Boyd and Antonio Douthit-Boyd (leading dancers with Alvin Ailey American Dance Theater), photographed by Matthew Karas.

“As a leader in the diamond industry, Forevermark believes strongly in supporting experts in their own field,” said Forevermark US President Charles Stanley. “Following a successful collaboration with Liam Scarlett and his Promise pas-de-deux last year, we are excited to continue supporting the dance community and exploring the meaningful ways in which they interpret hand holding.”

Also on display at the event, was a social media gallery of user generated content. The cornerstone of the gallery included photographs of New York City couples: Actor Brady Corbett and filmmaker Mona Fastvold; Artists Todd DiCiurcio and Megan DiCiurcio; and Broadway actor Wesley Taylor and Gregg Wiggans. 

 

The evening also included a presentation of the Forevemark Exceptional Diamond Collection, a selection of some of the most exquisite diamonds in the world.

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John Varvatos Partners with William Henry on Men’s Jewelry

Fashion brand John Varvatos has partnered with American luxury brand William Henry to offer a broad selection of men’s jewelry in top boutiques in the US and UK. 

The partnership was promoted by John Varvatos and currently involves all JV stores in New York, Los Angeles, Las Vegas, the new boutique in London. JV’s online store is also making preparations to offer the new line.

While John Varvatos is not new to men’s adornments, the decision to offer and promote a wide-ranging collection of men’s jewelry with higher price points, is a bold new step, which confirms the evermore blurred lines that separate jewelry and fashion. 

John Varvatos himself promoted the partnership. “It’s actually a cool story.” – says Matt Conable, owner and creative engine of WH. “John was chatting with country singer Zac Brown, who is a mutual friend. Zac told John about our brand, and gifted him his own WH pocketknife. A couple of weeks later John called me and told me his WH knife had become one of the favorite things he had ever carried in his pocket.” 

That opened the door: Conable and Varvatos sat down to look at William Henry’s full range of offerings, including the new collection of jewelry for men, and John decided to bring WH into the JV lifestyle experience. Much like JV, WH creates truly unprecedented collections, that have great stories to tell, and also like JV, WH focuses exclusively on men.

Men's jewelry is becoming consistently more available to customers, with many top brands ramping-up their investments in men’s lines. While traditional jewelers remain the natural outlet for these new collections, exclusive men’s fashion boutiques are an ideal space where men can comfortably approach the new category and explore the available offerings. 

William Henry established its brand nearly 20 years ago creating exclusive pocketknives. “We are all about men” – adds Conable. “Unlike almost every player in the fashion industry, JV is also entirely focused on men. Our 2 brands speak the same language with different core products and collections. WH and JV in stores together give men a more meaningful and complete lifestyle experience; there isn’t really a better marriage on paper than the one between our brands”. 

 

John Varvatos and Matt Conable are already discussing the expansion to JV worldwide stores in 2015, and they are also working together to develop an exclusive collection available only through JV Boutiques.

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Charles Rivkin Meets to Discuss Indo-USA Jewelry Trade

Charles Rivkin, Assistant Secretary, Bureau of Economic & Business Affairs, along with a high level delegation, held discussions with the key gem & jewelry associations of India on Saturday at the Bharat Diamond Bourse. 

The visit, aimed at interaction with key associations to understand the current state of the Indo-US gems &and jewelry trade, was presented by the Gem & Jewellery Export Promotion Council, Bharat Diamond Bourse and SEEPZ Gem & Jewellery Manufactures Association. 

The key concern was restoration of GSP on jewelry articles exported to the USA, withdrawn several tears ago. 

Vipul Shah, Chairman GJEPC, stated: “Currently,imports of jewelry from India attract duty between 5.5 percent and 5.8 percent. Jewelry exports have witnessed a sharp decline from $2.3 billion in 2007 to $1.5 billion in 2013 due to the withdrawal of GSP benefits extended to India by the USA. If GSP is restored this would help boost India’s gem and jewelry exports to the USA.” 

He added: “GJEPC ensures all diamond manufacturers observe strict KPCS compliance while sourcing the rough.” 

Said Rivkin: “I am startled by the sheer magnitude of the bourse and the employment generated by the industry to the tune of 3.5 million. India should emphasize a transparent supply chain and responsible sourcing, as these are the two key concerns of the US Government. US GSP annual review is on the table of the US Government and will be announced soon in near future.”

The United States is one of the leading export destinations for gems and jewelry. India exported $5.9 billion worth of gems and jewelry in the period January – September 2014, with jewellery exports valued at $1 billion and diamonds at $4.5 billion. 

While India’s total gem and jewelry exports stood at $40 billion in 2013, India-US trade in gems and jewelry were $8 billion in the same period, with diamonds worth $6.1 billion and jewelry exports valued at $1.5 billion in 2013. 

In addition to the GSP restoration, the trade members emphasised that US retailers should incentivise the Indian industry for being members of Responsible Jewellery Council to achieve the highest level of compliance to meet the expectations and demands of consumers in the world, especially the USA. 

Also, they insisted on fair play in calling for standards in terms of Indian manufacturers vis a vis jewelry manufacturers from other countries. The Indian jewellery industry is proactively engaged with OECD to comply with responsible sourcing of conflict-free gold for manufacturing of jewelry to comply with Dodd & Frank Act regulations.

Rivkin expressed willingness to work closely with the Responsible Jewellery Council to find out practical ways of coming out with evolving more secure ways of such sourcing compliance.

Anoop Mehta, President BDB, said, “BDB along with Council is in the process of implementation of a project called MY KYC to achieve compliance in terms of anti-money laundering & terrorist financing.” 

The trade highlighted the emphasis on ethical and fair business practices via strict codes of conduct for gem and jewelry members.

Proactive steps against proliferation of undisclosed sale of synthetic diamonds as natural diamonds are being undertaken by the Natural Diamond Monitoring Committee established under the aegis of GJEPC and BDB. 

Regular dialogues with the members, governments, both national and international, financial institutions & associations around the world are held to spread the message of 360 degree compliance & achieving excellence in terms of quality, ethical business and technology.  .

 

Rivkin and his delegation visited the Bharat Diamond Bourse, toured Mumbai Diamond Merchants Association, oldest trade body over 100 years and SME Trading Hall.

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Attleboro Jewelers is Chamber’s Business of the Year

Attleboro Jewelers, of Attleboro, MA, is the recipient of the 2014 Business of the Year Award given by The United Regional Chamber of Commerce.

This prestigious award is given to a Chamber Member Business which is well established with increases in sales as an indication of continued growth. Further criteria considered include: employees donating their time and talents to community projects, fundraising, or other activities for the betterment of the entire community.

In nominating Attleboro Jewelers, Kelly Fox of Ameriprise Financial wrote, “In its 19th year, Attleboro Jewelers enjoys record revenues and supports a myriad of community and civic causes. In spite of very challenging times for the jewelry industry, Attleboro Jewelers has experienced consistent growth; it is a business that is here to stay and is the anchor for Attleboro’s downtown business district.” 

Nancy Young opened Attleboro Jewelers in 1994, with the support of 15 local jewelry manufacturers who supplied the store with products, which sold at outlet prices. These partnerships grew over 20 years and now the business has evolved adding popular and prestigious national brands including prime diamond suppliers some of whom are "site holders", which purchase directly from mines, making possible the lowest costs.

The store also is committed to supporting local businesses and purchases products ranging from office supplies to gold chain from local vendors. Attleboro Jewelers is a true family business with three generations working and managing the business: Nancy, her daughter, Kimberly, and her grandson, Jeff Read. The business operates in the former Balfour refinery, the only remaining vestige of Balfour in Attleboro.

Nancy Young has spent her entire career in the jewelry industry. She is a member of the Women Jewelers of America and the Manufacturing Jewelers and Suppliers of America (MJSA), as well as the Providence Jewelers Club. Nancy serves on many boards including the Southeastern Mass Manufacturing Partnership, the Bristol County Board of Tourism, the Attleboro Industrial Museum, she’s a founding member of Friends of Attleboro Interested in Revitalization (FAIR), and Co-Chair of the Downtown Attleboro Associates. Ms. Young also volunteers as a founding organizer and active supporter of Attleboro’s EXPO for the Senses and Attleboro’s Winter Night Festival.

In 2003, Nancy founded the Women at Work Museum, located adjacent to the store. She is President and the largest benefactor of the 501(c)3 entity, dedicated to inspiring young women to pursue careers in math, science, engineering and technology.

Over the past 30 years, Ms. Young has generously given her time and expertise to numerous volunteer and charitable organizations as well as to the City of Attleboro where she was born, lives and works. 

Specific accomplishments and community activities include, mentoring countless young women by personally sponsoring work/study programs and internships where high school students shadow her at work and learn first-hand how exciting and rewarding an attainable career can be. 

In 2000, Nancy Young was the first recipient of the Athena Award given by the Attleboro Chamber of Commerce in recognition of her “demonstrated excellence, creativity and initiative in her profession” and for “providing valuable service by devoting time and energy to improve the life for others in the community”.

Nancy's grandson, Jeff Read, also of Attleboro, is responsible for bringing state-of-the-art innovation to Attleboro Jewelers, enabling the design of custom engagement and wedding bands and their precise execution.

This technology is housed on-site at the 35 County Street store. It utilizes 3D Printing Technology to “grow” the ring or pendant overnight, making possible the quick and efficient production of designs-on-demand and the creation of completely custom, one-of-a-kind personal creations. 

The business also offers a wide selection of fine jewelry, including GIA-graded Diamonds, fine rubies, emeralds and sapphires, as well as doing repairs and purchasing gold. Attleboro Jewelers carries many lines of locally-owned and manufactured jewelry including Alex & Ani, Chamilia charms, Reed & Barton, LeStage, Imperial Pearl and specializes in diamond engagement and wedding bands. 

The majority of their business is local, but the value of their custom bridal designs attracts many clients from Boston to Providence. 

 

Attleboro Jewelers has been voted #1 Jewelry Store since 2009 by The Sun Chronicle’s Readers’ Choice Awards. The store is open 7 days a week during the holiday season and prides itself on high quality, friendly and capable customer service, outstanding value, and building long lasting customer relationships.

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GIA Researchers Convene for Annual Meeting

More than 40 of GIA’s researchers from around the world met November 12-13 for the Institute’s annual research meeting in Carlsbad, CA.

The scientists reviewed their current gemological research projects including the study of diamond formation, synthesis and treatments; developments in the investigation of trace elements in colored gems; pearl characterization; field gemology; advances in instrumentation and other related topics. 

Tom Moses, GIA’s executive vice president for laboratory and research, recalled the origins of GIA’s research program. “Although research had been a cornerstone of GIA’s activities for decades, it was GIA’s second president Richard T. Liddicoat who established a formal research department in 1977. 

In 1982, there were just four researchers. Today, the effort founded on Mr. Liddicoat’s vision has attained global reach. Each year, new and talented GIA scientists, technicians and gemologists advance our fundamental understanding of the properties of gems.” 

Susan Jacques, GIA’s president and CEO, added, “Research is the pillar that supports all of what GIA does to fulfill its mission of ensuring public trust in gems and jewelry. The brilliant work of this research team directly supports GIA’s continued ability to identify and grade gems; to develop advanced gemological instrumentation; and to offer relevant education that prepares the next generation of gemologists and gem and jewelry professionals.”

“This meeting is an opportunity for the Institute’s research team and scientific advisors including GIA governors Dr. Rod Ewing from Stanford University and Dr. John Valley of the University of Wisconsin – Madison to discuss areas of important research,” said Dr. Wuyi Wang, GIA director of research. “Our global team can share their work with their colleagues, including GIA’s postdoctoral research associates.”

In February 2014, GIA launched the Richard T. Liddicoat Postdoctoral Research program, providing research associates the opportunity to examine fundamental issues related to diamonds, colored stones, pearls and instrument development. There are currently two Liddicoat associates, one each in Carlsbad and New York. 

GIA’s scientific advisors include:

  • Dr. James Butler, previous head of the gas/surface dynamics section of the Naval Research Laboratory
  • Martin Cooper, formerly with De Beers research
  • Dr. John Emmett, recognized expert in corundum treatments formerly with the Lawrence Livermore National Laboratory
  • Dr. George R. Rossman, Eleanor and John R. McMillan Professor of Mineralogy at Caltech
  • Dr. Christopher M. Welbourn, formerly with De Beers research 

GIA governors Dr. Rodney Ewing, Frank Stanton Professor in Nuclear Security at the Center for International Security and Cooperation at Stanford University and Dr. John Valley, Charles R. Van Hise professor in the Department of Geoscience at the University of Wisconsin – Madison also participated in the meeting.

Much of the research conducted under the Institute’s auspices is published in scientific journals and Gems & Gemology, GIA’s quarterly academic journal. GIA research staff also regularly present at relevant scientific conferences around the world.

Attleboro Jewelers is Chamber’s Business of the Year

Attleboro Jewelers, of Attleboro, MA, is the recipient of the 2014 Business of the Year Award given by The United Regional Chamber of Commerce.

This prestigious award is given to a Chamber Member Business which is well established with increases in sales as an indication of continued growth. Further criteria considered include: employees donating their time and talents to community projects, fundraising, or other activities for the betterment of the entire community.

In nominating Attleboro Jewelers, Kelly Fox of Ameriprise Financial wrote, “In its 19th year, Attleboro Jewelers enjoys record revenues and supports a myriad of community and civic causes. In spite of very challenging times for the jewelry industry, Attleboro Jewelers has experienced consistent growth; it is a business that is here to stay and is the anchor for Attleboro’s downtown business district.” 

Nancy Young opened Attleboro Jewelers in 1994, with the support of 15 local jewelry manufacturers who supplied the store with products, which sold at outlet prices. These partnerships grew over 20 years and now the business has evolved adding popular and prestigious national brands including prime diamond suppliers some of whom are "site holders", which purchase directly from mines, making possible the lowest costs.

The store also is committed to supporting local businesses and purchases products ranging from office supplies to gold chain from local vendors. Attleboro Jewelers is a true family business with three generations working and managing the business: Nancy, her daughter, Kimberly, and her grandson, Jeff Read. The business operates in the former Balfour refinery, the only remaining vestige of Balfour in Attleboro.

Nancy Young has spent her entire career in the jewelry industry. She is a member of the Women Jewelers of America and the Manufacturing Jewelers and Suppliers of America (MJSA), as well as the Providence Jewelers Club. Nancy serves on many boards including the Southeastern Mass Manufacturing Partnership, the Bristol County Board of Tourism, the Attleboro Industrial Museum, she’s a founding member of Friends of Attleboro Interested in Revitalization (FAIR), and Co-Chair of the Downtown Attleboro Associates. Ms. Young also volunteers as a founding organizer and active supporter of Attleboro’s EXPO for the Senses and Attleboro’s Winter Night Festival.

In 2003, Nancy founded the Women at Work Museum, located adjacent to the store. She is President and the largest benefactor of the 501(c)3 entity, dedicated to inspiring young women to pursue careers in math, science, engineering and technology.

Over the past 30 years, Ms. Young has generously given her time and expertise to numerous volunteer and charitable organizations as well as to the City of Attleboro where she was born, lives and works. 

Specific accomplishments and community activities include, mentoring countless young women by personally sponsoring work/study programs and internships where high school students shadow her at work and learn first-hand how exciting and rewarding an attainable career can be. 

In 2000, Nancy Young was the first recipient of the Athena Award given by the Attleboro Chamber of Commerce in recognition of her “demonstrated excellence, creativity and initiative in her profession” and for “providing valuable service by devoting time and energy to improve the life for others in the community”.

Nancy's grandson, Jeff Read, also of Attleboro, is responsible for bringing state-of-the-art innovation to Attleboro Jewelers, enabling the design of custom engagement and wedding bands and their precise execution. 

This technology is housed on-site at the 35 County Street store. It utilizes 3D Printing Technology to “grow” the ring or pendant overnight, making possible the quick and efficient production of designs-on-demand and the creation of completely custom, one-of-a-kind personal creations. 

The business also offers a wide selection of fine jewelry, including GIA-graded Diamonds, fine rubies, emeralds and sapphires, as well as doing repairs and purchasing gold. Attleboro Jewelers carries many lines of locally-owned and manufactured jewelry including Alex & Ani, Chamilia charms, Reed & Barton, LeStage, Imperial Pearl and specializes in diamond engagement and wedding bands. 

The majority of their business is local, but the value of their custom bridal designs attracts many clients from Boston to Providence. 

 

Attleboro Jewelers has been voted #1 Jewelry Store since 2009 by The Sun Chronicle’s Readers’ Choice Awards. The store is open 7 days a week during the holiday season and prides itself on high quality, friendly and capable customer service, outstanding value, and building long lasting customer relationships.

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TGS Jewelers Offers Retailer Help

TGS Jewelers, the manufacturer and designer of machine- manufactured diamond wedding bands, has launched their new website, www.tgsbands.com, as well as an exclusive website program, both specifically designed to benefit jewelry retailers throughout the U.S.

Traditionally, customers who walk into a jewelry store are limited to the retailer’s inventory or shown a catalog when they are searching for an item not in the retailer’s store. 

“Finding the right catalog from the hundreds of catalogs the retailer receives, plus the process of flipping through any catalog with a customer can be cumbersome and time-consuming for all involved. Using the traditional catalog is an outdated method and just not an efficient way of doing business in today’s digital world” says Claire Simon, President of TGS Jewelers.

TGS Jewelers has conceived a new approach that will quickly, easily and cost effectively move any jewelry retailer into the digital marketplace. The company’s new website was specifically designed as a digital catalog, and will enable jewelry retailers to easily and efficiently peruse the company’s offerings alongside their customers. 

But unlike traditional websites operated by other jewelry manufacturers, www.tgsbands.com allows for easy customization by each individual merchant. 

Any jewelry retailer will be able to replace the TGS Jewelers logo with their own, and apply a markup they specify to all of the rings found on the site. 

The website features well-organized categories that allow customers to easily find exactly what they need, as well an easy-to-use filter to facilitate effortless browsing. 

Sales representatives can use the website featuring the retailers logo and markup as an effective selling tool, and retailers now have a stress-free, no-cost way to expand their product line without investing in additional inventory.

Utilizing its proprietary technology, TGS Jewelers now has the ability to create an exclusive website for each of its jewelry retailers. 

These sites will mirror www.tgsbands.com and feature the company’s complete line of stunning diamond wedding bands. Every individual website will feature a URL exclusive to a specific retailer (for example:  www.tgsbands.com/XYZJeweler), as well as a variety of other features that will make it unique to that merchant:

  • Placement of the retailers’ logo at the top of each page.
  • Ability for a retailer to specify their own prices by entering a markup to be applied to all rings showcased on the site.
  • Customer Service page with an individual retailer’s specific contact info.
  • Instructions that tell a customer to contact the retailer directly to purchase a ring.

Jewelry retailers who take advantage of the Exclusive Website Program will have access to their own exclusive website that automatically features thousands of ring designs, as well as new product offerings that will be uploaded automatically as they become available.  Their website will also feature TGS’s well-organized categories and easy-to-use filter that allows the site to be easily navigable for effortless browsing. 

TGS Jewelers recognizes that many retailers have websites they would like to expand, but simply don't possess the know-how, product or time necessary to do so. TGS Jewelers’ Exclusive Website Program provides the solution to this problem without requiring money, time or programming from retailers.

Because no password is needed to access their exclusive site with their own logo and markup, jewelers can link directly from their website to instantly expand their online offerings of diamond wedding bands. 

Retailers with multiple locations can also benefit from the Exclusive Website Program by having salespeople at their multiple locations easily access their exclusive site without having to remember passwords, and access the same database featuring the company logo and prices set by management.

This program is currently being offered as a free feature to all TGS accounts.  The website is maintained by TGS Jewelers, allowing retailers to focus on selling rather than programming and maintaining a website.   

 

To sign up for an account with TGS Jewelers, retailers can apply online here.

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TGS Jewelers Introduces 24-Hour Delivery

TGS Jewelers, the manufacturer and designer of machine- manufactured diamond wedding bands, is offering a 24-hour shipment guarantee in which they custom manufacture and ship diamond wedding bands in just 24 hours.

To guarantee this quick turn-around, TGS Jewelers keeps in stock 14K, 18K and Platinum, every finger size and multiple diamond qualities, ready for shipment, every day.  

All rings are manufactured in Queens, NY and shipped anywhere in the U.S.  Retailers can quickly and easily customize any ring style on TGS’s website, www.TGSbands.com, including diamond size & quality, metal, finger size, ring ending, taper and much more. 

 

The order will be shipped to the retailer the following day or drop-shipped directly to the customer.  

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Gift-Card Buyers Will Spend More This Year, Says NRF

According to NRF’s Gift Card Spending Survey, the average person buying gift cards will spend $172.74, up from $163.16 last year.

In an October NRF survey, 62 percent of shoppers said they would like to receive a gift card, making gift cards the most requested gift item eight years in a row.

“No longer impersonal or only about convenience, gift cards have become the perfect, practical gift item for millions of holiday shoppers,” said NRF President and CEO Matthew Shay.

“And, as the most requested gift item for eight years in a row, we’re sure there will be plenty of happy individuals this holiday season who can look forward to treating themselves to something shiny and new come January when retailers start to offer promotions on fresh new merchandise.” 

According to the survey, shoppers will spend an average of $47.87 per card, up from $45.16 last year. Total spending on gift cards has increased 83 percent since NRF began tracking consumers’ intentions to buy gift cards as holiday gifts in 2003. 

Gift cards are a go-to gift for consumers of all ages; the survey found adults 65+ will spend the most on gift cards at an average of $204.59. Young adults between 18-24 years old will spend the least at an average of $113.75. Additionally, men plan to spend significantly more than women on gift cards ($180.81 vs. $165.09 respectively).  

When asked why they are planning to buy gift cards this holiday season, more than half (51.8 percent) of shoppers said that gift cards allow the recipient to select their own gift, up from 43.1 percent last year and the highest since NRF started asking the question in 2010. Additionally, one-quarter (25.6 percent) said gift cards are easier and faster to buy, and 3.8 percent said this helps them stick to their holiday budget. 

“These days, shoppers simply love the idea of gifting someone they care about with a little ‘free money’ in the form of a gift card,” said Prosper’s Principal Analyst Pam Goodfellow.

“Consumers young and old want to find the best way possible to create a happy holiday experience for their loved ones, and gift cards are a great option every time.” 

There are a plethora of options for shoppers when it comes to what type of card to get, and it is clear department stores, restaurants and coffee shops are among the most popular choice for gift givers.  

According to the survey, 37.7 percent of gift card buyers will give their loved ones a gift card from a department store, and 34 percent will give their friends and family the gift of a meal at a restaurant.

One in five (20.6 percent) will pick up coffee shop gift cards, 18.1 percent will give the gift of entertainment, such as a movie theatre gift card, and 18.9 percent will give gift cards to electronics stores. 

 

More information at www.nrf.com.

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Kassoy Names Web Specialist

Kassoy has hired John Gasior as its new web specialist.

A recent graduate of Stonybrook University, Gasior has completed several internships with a web and social media focus.

“We are thrilled to welcome John to our team,” said Joanne Slawitsky, President of Kassoy LLC. “It’s important for us to have a young and eager person in this role to keep up with the ever-changing web and social media landscape.”

This announcement comes on the heels of the launch of Kassoy’s newly redesigned website, www.kassoy.com.

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Dr. John W. Valley Joins GIA Board

The Board of Governors of the Gemological Institute of America inducted Dr. John W. Valley, Charles R. Van Hise professor in the Department of Geoscience at the University of Wisconsin - Madison, as its newest member during the November 2014 board meeting in Carlsbad, CA.

Valley, alongside 16 other governors, will be instrumental in guiding GIA in its mission to protect the public trust in gems and jewelry.

“Dr. Valley is a wonderful addition to our board. With his experience as a supervisor to graduate students and postdoctoral fellows, and his impressive background in Earth science research, Dr. Valley brings many unique attributes to the table,” said board chair John Green, president and CEO of Lux Bond & Green jewelers. “We’re very much looking forward to working with him as we continue to serve as stewards to the public trust.”

“On behalf of GIA’s more than 2,600 employees across the globe, I am pleased to welcome Dr. Valley to the Board of Governors,” added Susan Jacques, GIA’s president and CEO. “The commitment and expertise of our board continues to drive our Institute’s initiatives as we build for the future.”

Valley’s research spans many fields in Earth science, including the early Earth, astrobiology, paleoclimatology, mineralogy, geochemistry and petrology.

He is a fellow of five professional societies, including the American Geophysical Union, and served as president of the Mineralogical Society of America. He received the N.L. Bowen Award from the AGU and was a Fulbright Scholar at Edinburgh University.

He has published over 300 articles and has held editorial positions for numerous scientific journals including Elements, where he has been principal editor since 2011. Valley received his Ph.D. from University of Michigan in 1980, and bachelor’s degree from Dartmouth College.

Following the meeting, Jeffrey H. Fischer, president of Fischer Diamonds, Inc. in New York and president of Fischer Diamonds Ltd. in Israel, retired from board after six years of service. The board also acknowledged the departure of Paul E. Kreutz, an attorney working with emerging companies in Southern California, who left the board earlier in 2014 after six years of service.

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Appraisers Schedule February Conference

The National Association of Jewelry Appraisers will hold its 43rd Annual Winter ACE It Education Conference in Tucson, AZ on February 1-2, 2015.  

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

The daily programs are:  

Saturday, February 1, 2015

Special Workshop & Lab - Mysteries of the Rainbow

Two (2) Two Hour Spectroscope Workshops
Colin Winter, FGA, DGA & Hilary Winter, BS, FGA, DGA

Sunday, February 1, 2015

Exotic Common Opals
Helen Serras-Herman, MFA FGA

New Generation of Natural Looking CVD-grown Diamonds - How to separate them from Natural Diamonds in a few steps, lecture and Workshop 
Branko Deljanin, GIA GG, FGA

Ivory and the Loss of Individual Rights of Ownership
Dave Atlas, GIA GG

Estate Exotics:  Gems of the People - Collectible Beads
Sindi Schloss, GIA GG

Monday, February 2, 2015
Catching Light on Edges / A Look at Historical and
Contemporary Intaglios - Scratched Surfaces and Light On the Edge
Nancy McGehee

Designer Jewelry Drives the Market
Gloria Lieberman

So You thought You Knew About Diamonds - A Universal Journey
Michael Hutton, PG, DG

 

For a conference brochure go to http://najaappraisers.com/html/conferences.html.
For further information, go to www.NAJAappraisers.com

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Roberto Coin Opens New Boutique

Roberto Coin has opened his newest boutique in the United States in partnership with Hyde Park Jewelers: the Roberto Coin boutique opened in Denver’s Cherry Creek Shopping Center.

The boutique’s interior features white travertine marble, deep, rich woods and burnished mirrors, and features a designated area for the “Roberto Coin Cento Collection.”  

Previously, the boutiques have featured rich mahogany woods complimented by green detailing, brown carpeting and brown ceilings, signature to Roberto Coin and like that of the other boutique locations around the world including Venice, Rome, Dubai, Atlanta and Charleston.  The concept follows that from other Roberto Coin boutiques in Moscow and Prague.  

Opening in Denver’s Cherry Creek Shopping Center, the Roberto Coin for Hyde Park Jewelers boutique at The Cherry Creek Shopping Center is 500 square feet and a premiere location for the innovative designs of Roberto Coin.  

The new boutique, opened in collaboration with Hyde Park Jewelers, a long-standing Denver staple jewelry destination, continues to bridge the relationship with the brand’s independent retail partners.

The boutique will feature some of the iconic collections from Roberto Coin such as Pois Moi, Black Jade, Haute Couture, Shanghai and Primavera.

“We are excited about our continued expansion of our brand with another boutique opening,” says Peter Webster, Co-Owner/ President of Roberto Coin Inc.

“The success and encouraging consumer response from our other boutiques has inspired us to launch in locations that we find perfect to expand our name. Collaborating with some of the most well-respected local retail partners, such as Hyde Park Jewelers, broadens our relationships with the local community and future Roberto Coin customers in addition to our already loyal clientele.”

 

Store owner, Shereen Pollack says, “This is an incredible opportunity to present the Roberto Coin Collection in a gorgeous environment. The customers will get to enjoy the depth of the collections as well as the elegant surroundings. Hyde Park is extremely honored and proud to partner with Roberto Coin."

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U.S. Antique Shows Launches Chelsea Show

U.S. Antique Shows has launched LUEUR, an antique jewelry and watch show to be held at The Waterfront in the Chelsea area of New York City, Oct. 16-18, 2015.

LUEUR will feature elite purveyors of antique, estate and vintage jewelry and watches who will bring highly prized and rare pieces to New York City for three days only.

“With LUEUR, our goal is to bring together elite dealers and the buyers of the most coveted antique jewelry and watches in a luxurious buying setting at one of Manhattan’s most unique and historic venues,” says Dan Darby, Emerald Expositions vice president and U.S. Antique Shows general manager. 

“In addition, the show’s dates were chosen specifically to avoid a conflict with city-wide events that occur later in the month including Halloween and the New York City Marathon as well as the November auctions held in Geneva.” 

LUEUR will feature the most popular styles and preeminent brands of jewelry from the Edwardian to Contemporary periods. 

LUEUR will offer jewelry retailers exclusive buying opportunities with trade-only hours on the show’s first day. The show’s remaining three days will be open to the public. 

LUEUR’s dates are scheduled to immediately follow the International Watch & Jewelry Guild (IWJG) October show in New York City. 

 

For more information about LUEUR, show times and admission, visit www.LUEURNY.com.

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GemFind Releases New Facebook Diamond Link App

GemFind has launched their new Facebook Diamond Link App, a turnkey tool for jewelry retailers that incorporates directly into their existing Facebook page to increase sales.

Jewelry retailers can now benefit from both the web and Facebook versions of the best diamond search on the Web. The new Facebook app from GemFind also will let jewelry retailers integrate PayPal, allowing their customers to make purchases directly on their Facebook page.

This first-of-kind social media app for the jewelry industry can be quickly implemented and will substantially increase sales for jewelry retailers, especially with the biggest online shopping day of 2014 – Cyber Monday on December 1 – just a few weeks away.

The new Facebook Diamond Link App provides the additional benefits to jewelry retailers.

The diamond search tool can be integrated seamlessly into a jewelry retailer’s website as well as existing Facebook.

  • It activates instantly with absolutely no equipment to buy or maintain.
  • Allows the retailer to choose which diamond dealers to display in the Facebook-based virtual showroom.
  • Mark-up values can be easily changed for all diamonds showcased.
  • Provides the ability to upload own diamonds and use GemFind vendors’ inventory.
  • Optional connection with RapNet, Polygon, IDEX.
  • The new Facebook Diamond Link app is completely responsive.

“We’re excited to launch this new Facebook App Tool that provides jewelry retailers another channel to market diamonds to their customers and generate leads,” said GemFind CEO Alex Fetanat. “Jewelers have a captive audience on their Facebook page that they can constantly market their goods and services to and our Facebook-compatible diamond search app will definitely enhance interactivity and engagement with the prospective buyer,” concluded Fetanat.

Visit http://www.gemfind.com for more information or call 800-373-4373 to sign up for GemFind’s new Facebook Diamond Link App.

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UBM Asia Extends Reach to Europe

UBM Asia expanded its global portfolio to Europe last year with the launch of Jewellery & Gem Fair – Europe.

As an organizer of the world’s number one fine jewellery event – the September Hong Kong Jewellery & Gem Fair and many other renowned jewellery fairs held in China, India, Japan, Singapore, Russian Federation, Taiwan and Turkey – UBM Asia has proven its mettle as an expert and professional in this field.

JGF Europe is positioned as an effective B2B mid-end jewellery sourcing platform for continental Europe, especially for wholesalers and retailers that are not available for travelling to jewellery sourcing fairs in overseas. The fair is organised by UBM Asia and its sister company UBM Live.

The fair’s inaugural edition concluded successfully on April 4, 2014, with the attendance of around 6,000 industry professionals.

One of the exhibitors, Marcin Zaremski from Mateusz Zaremski Brand in Poland, stated, “Germany is the biggest and most important market for us but we are already very well positioned within this market, so we are looking for new international customers. The first day at the Jewellery & Gem Fair Europe was very good. A lot of people visited our booth and have been interested in our handmade jewellery. I think there lies huge potential in a trade show like this and for us it’s the right place to do business”.

Another exhibitor from Germany, Timo Richardon from Carl Schaefer GmbH & Co KG, also commented, “It is clear that the show organizers are very experienced and are willing to do whatever is necessary to ensure the success of the participating exhibitors.”

The positive feedback from both exhibitors and visitors, confirms the organisers’ belief that JGF Europe will grow as one of the important jewellery trading events in Europe. The 2nd edition of JGF Europe will be held from 22 to 25 2015 at Messe Freiburg, Germany. The fair’s exhibition area will be bigger by 47 percent to 25,000 sqm in response to demand from the industry.

The second edition will also see JGF Europe expanding from three halls to four halls with central foyer to accommodate more exhibitors. The fair will be divided into three sections -- loose materials, finished jewellery and packaging, tools and equipment -- to make sourcing easier for buyers.

It is expected to feature 550 exhibitors from around the world — up 27 percent compared to last year. In addition, 12 group pavilions from Antwerp, Colombia, Germany, Hong Kong, India, Israel, Italy, Mauritius, Russian Federation, Turkey, Thailand and United States will grace the event. The theme pavilion – Packaging, Tools & Equipment – will also expand to house more exhibitors showcasing the latest technologies and innovations for the industry.

Visitor pre-registration for the fair is now open here. Pre-registration enables visitors to avoid long lines at the registration counters and save the admission fee of $37. For the convenience of visitors, the organizers will offer a free shuttle bus service running from various pick up points throughout the fair’s four-day run.

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JVC Releases Handbook Guide for Designers and Online Sellers

The Jewelers Vigilance Committee has released “Guide to Selling Jewelry in the 21st Century: Legal Compliance for Designers, Independent Jewelers, and Online Sellers”.

This handbook is intended for the independent designer and those who market their wares on websites such as Etsy, eBay, Amazon, Craig’s List, and other online marketplaces.

Sponsored by the Future of Design Jewelry Education Fund which was created by Cindy Edelstein in The New York Community Trust, this book will provide legal education to a large segment of JVC’s membership and those who create jewelry, whether new, vintage, used, recycled or upcycled.

The guide includes information on a myriad of topics for the independent jeweler. This includes protecting yourself as a jeweler, whether retail or wholesale, by understanding some basic legal principles, such as the importance of contracts, receipts and return policies; applying standards and regulations that apply to the advertising of jewelry (including the Federal Trade Commission’s Guides for the Jewelry, Precious Metal and Pewter Industries and in the National Gold and Silver Stamping Act); advertising on the web (including the Federal Trade Commission’s Dot.Com Guides); and implementing anti-money laundering laws that apply to many jewelers.

"Legal compliance supports the integrity of the jewelry industry and boosts consumer confidence in our products. This guide will help independent jewelers and online sellers understand and follow the laws and regulations that apply to the trade," said Cecilia Gardner, JVC's President & CEO.

The guide costs $20 for JVC members, and $25 for non-members, and is available for purchase on the JVC website here.

For more information, contact Sara Yood, assistant general counsel, at (212) 997-2002 or sara@jvclegal.org.

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SRK Employees Embark on Cleanliness Campaign

SRK Exports Founder and Chairman Govind Dholakia is relentlessly spreading awareness about resource conservation and cleanliness.

More than 1,100 SRK family members cleaned an area of several kilometers around the various ghats of Rishikesh, while sensitizing citizens to the importance of waste management.

The SRK family members (including small children) collected waste material. SRK’s aim for the participation of children was to instill civic responsibilities and management qualities in children to better manage their future and also help them spread the conservation message to their friends, family and society at large.

All 1,100 swept the ghats at Rishikesh starting from “Ram Jhula” in Uttarakhand.

The SRK Campaign was inaugurated by Rishikesh Municipal Corporation President. She Participated in SRK Initiative & Appealed to the people of Rishikesh to take inspiration from SRK’s Cleanliness Drive and cooperate in keeping Rishikesh clean.

Speaking On the occasion, the Director Shreyans Dholakia said that the entire fraternity of SRK Group, which includes more than 5,000 employees including management and directors, are involved in this campaign.

“My Father actually started this cleanliness Drive 22 Years back, and since that time various campaigns have been organized by the Trusts, of which my father is an active member,” he said.

“Every year under his initiative and supervision, programs have been conducted, such as Cleaning the Streets, Cleanliness Awareness Seminars, Green Plantation Programs, Clean River Tapi initiative, etc.”

SRK Employees, led by Govind Dholakia’s philosophy, took the pledge in the year 2013 as a part of SRK’s 50 years Celebration, to participate in cleanliness drive.

Even the senior executives, employees and their family members took part in the “50 Years and 50 Oaths” program, where all 5,000 SRK Family Members took 50 oaths on a single Platform (SRK Sports Complex).

“Tourist spots are being exploited most,” said Rahul Dholakia, Managing Director, SRK Exports. “The real nature and aroma of such wonderful places, especially when it is a Holy Divine Destination, are losing their actual identity. So this time we decided to carry out my uncle’s (Govind Dholakia) 22 years old legacy here in Haridwar. My uncle always tells people to be pure in everything they do. So this time we decided to spread his cleanliness message in this form.”

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WDC Offers Support During Ebola Crisis

The World Diamond Council has made contact with the African Diamond Producers Association, offering its support in dealing with the impact on the mining sector of the Ebola crisis in West Africa.

ADPA is a union of African diamond mining countries, working as to advance the common interests of the continent's diamond producers. The organization has 18 member countries, of which 11 are permanent members and seven are observers.

In a letter to Edgar Diogo de Carvalho, ADPA's Executive Secretary, WDC President Edward Asscher wrote: “The World Diamond Council would like to reach out to you and your member organizations, out of concern about the Ebola crisis in parts of Africa, and with the desire to provide you with practical support. We would like to offer you our technical assistance, expertise and resources to insure that this public health crisis has minimal impact on the diamond supply chain."

Delegations of the World Diamond Council and African Diamond Producers Association are both scheduled to attend the Kimberley Process Plenary Meeting in Guangzhou, China, November 10-14, 2014.

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The IDEX Online Polished Price Report for November 6

There were many more changes in prices this week of round diamonds than in past weeks, with most price changes being negative especially in smaller stones, according to the weekly IDEX Online Price Report.

 

Fancy shape stones again saw thin trading levels overall, and were overwhelmingly in a downward direction.

 

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 many declines in better colors/clarities

  • 0.23-0.29 cts H-I / SI2 declining by more than 4%

  • 0.30-0.39 cts D / VVS1-VS2 falls of more than 3.0%

  • 0.40-0.44 cts D-H/ VS1 declining by up to 3%

  • 0.45-0.49 cts E-F / IF declines of 2%

  • 0.50-0.69 cts unchanged

  • 0.70-0.79 cts no changes

  • 0.80-0.89 cts just two changes, one up and one down

  • 0.90-0.99 cts declining

  • 1.00-1.24 cts widespread declines

  • 1.25-1.49 cts declines in all colors/better clarities

  • 2 cts J / IF -0.9% to $10,500 p/c

  • 3 cts J-K / VVS1 declining by up to 3%

  • 4 cts unchanged

  • 5 cts L / VVS2-VS1 rising by 1-3%

 

 

 

Fancy Cuts

 

  • 0.18-0.22 cts D / SI1 -4.6% to $1,050 p/c

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts K / IF-VS1 declining by 4-5%

  • 0.40-0.44 cts H / VVS1 -2.4% to $2,000 p/c

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts G / SI2 -2.6% to $1,900 p/c

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

  • 0.80-0.89 cts H / VS1 -1.4% to $3,550 p/c

  • 0.90-0.99 cts one decliner

  • 1.00-1.24 cts G / IF -1.4% to $7,000 p/c

  • 1.50-1.99 cts I-J / SI3-I2 declines of 2-5%

  • 2 cts D / VVS2 -3.1% to $21,900 p/c

  • 3 cts mostly increasing

  • 4 cts unchanged

  • 5 cts D-F/ VS2-SI2 declines 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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Scott Murphy Will Lead Jewelers Mutual


Copeman (left) congratulates Murphy.

Scott Murphy will take over the reins of Jewelers Mutual Insurance Co. as CEO following the retirement of Darwin Copeman in 2015. Murphy formerly served as an executive partner and principal in the insurance industry consulting group Triad Analytic Solutions, which offers product, pricing/underwriting and distribution solutions for numerous insurance-related businesses across multiple lines of business.

Murphy will begin his new role as president and CEO of Jewelers Mutual in January. His successful career in insurance includes roles as chief operating officer at GMAC Insurance as well as executive or management positions within the Great American family of insurance carriers, Infinity Insurance and Windsor Insurance Group.

According to Jewelers Mutual's chairman of the board Mark Fiebrink, the board of directors was especially impressed by Murphy's innovative and enthusiastic leadership style. He has extensive experience in all areas of insurance leadership across multiple distribution channels.

Fiebrink said, "Jewelers Mutual's board of directors is unique in that it includes representation from both the jewelry industry and the insurance industry, making it a strong leadership team for a company so deeply connected throughout the industry it serves. We expect that Scott Murphy is going to be a terrific asset to the company, leading Jewelers Mutual into its next century of success."

Darwin Copeman is confident in the board of directors' choice of Murphy as his successor. "I was very pleased to learn that our board of directors had selected Scott. As the jewelry industry continues to thrive and change, I think his abilities to cultivate new ideas and approaches to insurance will be particularly well-suited to serving and protecting the jewelry industry and jewelry owners."

Murphy was attracted to Jewelers Mutual because of its strong reputation, its solid financial performance and the chance to focus on a particularly diverse niche industry, saying, "The more I learn about Jewelers Mutual, the more excited I am to join this great company. Its roots run deep in the jewelry industry, and I am looking forward to leading a company with such a strong commitment to its members." Jewelers Mutual has earned 27 consecutive ratings of "A+ Superior" from A.M. Best Company and is listed among the Ward's 50 top performing insurance companies.

Copeman added, "I am so proud of my time at Jewelers Mutual, and I'm thankful for the amazing people I have had the honor to work with, including our associates, our talented agents and, most of all, the policyholder members who trust Jewelers Mutual to protect them. I'm truly blessed to have led such an amazing company, and I look forward to Jewelers Mutual's continued success."

Murphy is a graduate of the University of Tennessee, where he earned his MBA in 1993. He will be relocating to Wisconsin from Winston-Salem, North Carolina with his wife, Cheri, Ashlee and Emilee.

For more information, see JewelersMutual.com.

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Kassoy Launches Redesigned Website

Kassoy has launched their newly redesigned website, which features mobile compatibility, a sleek new design and a user-intuitive ecommerce platform.

The new website, which goes live on November 3, is located at the same address: www.kassoy.com.

“We are so excited about the new Kassoy.com,” company President Joanne Slawitsky said.

“The site has a clean uncluttered design and improved ecommerce functionality. The redesign was focused around Kassoy’s mission to bring the tools and supplies necessary to succeed to the jewelry industry.”

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Synchrony Financial Explains Background on Name Change

Known in the Jewelry industry as a leading provider of consumer financing solutions, Synchrony Financial (formerly GE Capital Retail Finance) debuted its new name and logo in conjunction with its initial public offering in July 2014.

The company also communicated a bank name change earlier this summer to Synchrony Bank from GE Capital Retail Bank, and transitioning for Jewelry retailers, and customers. Synchrony Financial (NYSE: SYF) recently launched a national media and branding campaign across print, broadcast and digital media, and out-of-home advertising.

The new name and brand campaign were developed based on extensive research with key stakeholders to gather input on their views of the company and its value proposition and offerings. The definition of synchrony is “a state in which things happen or move at the same time.” To represent the company’s alignment with its business partners, customers and employees, all working in sync, the Synchrony Financial logo features gold pillars in a stylized “S”. The corporate color palette of grays and gold delivers a balance of strength, stability, warmth and openness.

“While our name is new, our company has an 80-year history of financial stability, experience and operational excellence,” explained Toni White, chief marketing officer, Synchrony Financial. We have not strayed from our core foundation, which is based on the deep partnerships we establish with our clients.”

Introduced as part of the new brand campaign, the tagline — “Engage with us” — emerged from the research process and confirms the company’s view that every interaction with its partners and customers represents an opportunity for Synchrony Financial to engage with partners and help grow their business. Together, the brand attributes create a memorable identity that’s unique to financial services today.

Synchrony Financial worked with Interbrand to develop its new branding and Ogilvy & Mather is the agency of record for its corporate advertising campaign.

“We chose to symbolize our commitment to our partners by featuring two hands in synchrony with one another…working together to create something great. Our campaign represents how Synchrony Financial collaborates with its partners at the deepest levels with the understanding our business is about people first. We are focused on helping our partners grow their business through analytics, technology, and financing programs, which help build loyalty with their customers,” said White.

The new brand campaign launched September 22, and is supported by advertising across multiple channels including: Print ads in national and trade publications; TV on cable news and sports programming; airport advertising; and digital ads across multiple properties.

Visit www.synchronyfinancial.com to learn more and view the associated brand assets.

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JIS Shows See Demand for High-End Merchandise

There has been a tremendous increase for the demand of 18k finished jewelry and other higher end merchandise at all JIS Shows due to the extensive influence of Latin Buyers and the extremely high economic plateaus of the Florida marketplace.

With 1,250 booths at JIS' October 2014 Show in Miami Beach and a record breaking attendance, JIS successfully launched the 18k Club.

This brand new designation in the Show (and the Jewelry Trade Show Industry) was designed to help Jewelry Trade Buyers identify those Exhibitors across JIS' massive October Show floor that would best be able to meet their upgraded demands and it was a tremendous success matching both buyers and exhibitors with product of this level.

"The response was overwhelming for a first time program and we look forward to expanding the 18k Club in all future JIS Shows," stated JIS' Vice President, Jordan Tuchband.

The initial launch of the 18k Club program was at JIS' October 2014 Jewelry Trade Show and featured 120 companies taking up over 25,000 square feet of exhibit space which works out to be roughly 20 percent of the entire Show.

Even before the Show opened, JIS Buyers from across the Western Hemisphere already were very pleased with this new program as it made it easier for them to set appointments prior to the Show and efficiently plan their buying due to extensive pre-show marketing of this newly launched program by JIS.

Exhibitors where equally pleased as it targeted Buyers to them and they enjoyed increased sales of 18k merchandise in addition to the opening of many new accounts that they had not sold to previously.

JIS is preparing its marketing and buyer promotions for the upcoming JIS January 2 4-26, 2015 Miami Beach Show, which is perfectly timed for restocking after the holiday season and preparing for Valentine's Day and this program is only available to current JIS Exhibitors.

To contact JIS, go to atwww.jisshow.com or contact the office directly at +1 (561) 998-0205.

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CIRCA Names Grunstein CEO

Laurence R. Grunstein is the new Chief Executive Officer of CIRCA, taking on overall responsibility for the company, including all lines of business and all functional groups in the Company.

Grunstein brings more than 40 years of senior executive experience in the watch & jewelry industry as well as having served as Chairman of a number of jewelry industry associations and charities. Most recently he served as President & Chief Executive Officer of Citizen Watch Company of America, Inc. & its subsidiaries.

CIRCA Board Chairman Luke Reese commented: “We are thrilled to have found an individual with Larry’s management background, experience, skills and character required to achieve CIRCA’s future goals.”

Founder and Vice President Jeffrey Singer added, “Larry has a proven track record and we are very fortunate to add his leadership as we continue CIRCA’s global expansion.”

“I am honored to have been chosen by the board to lead CIRCA into the future,” said Laurence R. Grunstein. “CIRCA’s unique position as the leading buyer of jewelry, diamonds and watches from the public, as well as being the only brand name on the buy side of the jewelry industry positions CIRCA for significant growth in all of the markets we serve, including North America, and key markets in Europe and Asia. I look forward to working closely with the talented team of professionals at CIRCA.”

For more information, visit www.circajewels.com or call 877-876-5493.

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GIA Suspends Diamond Sealing Services

Effective immediately, GIA will suspend diamond sealing services and the issuance of duplicate reports at all locations.

The Institute is taking this action after receiving a sealed diamond for verification that did not match the data label in the sealing packet. GIA, with the assistance of an outside corporate investigation firm, is examining the circumstances surrounding the submission to determine the source of the sealing packet.

Clients with concerns about a GIA-sealed diamond may submit the unopened sealing packet to GIA for examination. GIA will verify that the diamond matches the report information and return it in a sealing packet at no charge.

If a GIA report is lost, stolen or damaged, clients may obtain report information through GIA’s online Report Check service or by requesting a data document.

For more information, visit www.gia.edu.

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Bohemme Opens New Factory and Showroom in Cordova

Spanish manufacturer Bohemme has been focused on designing and developing high-quality jewelry.

Now Bohemme has decided to launch a new strategy without abandoning its original philosophy, for which its team joined Mehmet Öztürk as Brand Director, who says: "I've worked in several international brands but none of them showed the potential I see in Bohemme to develop globally and it is our duty to make it known to the whole world."

Bohemme recently opened its new factory and showroom in Cordova, Spain that will be the tools to achieve these new goals.

Soon, the brand will announce its new concepts of "corner" and flagship store for the development of a franchise system.

The designer of the firm, Antonio Espaliu says: "I do not like jewelry that are used for a specific occasion and remain saved forever in the jewelry box."

Therefore, the jewelry design can be used at any time of day, in any event, party or celebration or even at work and combine with any clothing.

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GIA Sponsors Mandela Day Libraries in South Africa


Students at Kgabang Primary School in Ritchie participate in GIA’s Junior Gemologist Program.

Around 1,600 primary school students from notable mining areas in South Africa now have easy access to educational reading material through two Mandela Day libraries sponsored by Gemological Institute of America.

The opening ceremonies for the new libraries, which took place on Oct. 23 and 24, were attended by school officials and representatives from GIA and the Nelson Mandela Foundation. As part of the events, GIA also hosted 20 students ages 13 to 15 for its Junior Gemologist Program at each school.

“By bringing educational resources to rural communities like Sonop and Ritchie, both quite close to important mining areas, we advance our mission of building trust in the world of gems and jewelry,” said Brad Brooks-Rubin, GIA’s global director of development and beneficiation.

“And what could be a more fitting tribute to Nelson Mandela’s legacy than to build the next generation of leadership through the slow and careful human processes inside a library.”

The Mandela Day libraries project is dedicated to bridging the gap in literacy and reading proficiency in schools throughout South Africa by recycling and retrofitting large shipping containers with new flooring, insulation, electricity and book shelves to create libraries.

Breadline Africa, a nongovernmental organization and internationally registered South African-based charity, is the main partner of the program. GIA’s sponsorship of the Mandela Day libraries project is funded by the GIA endowment, which supports education and scholarship programs. In March 2014, two GIA-sponsored libraries opened in rural Limpopo, South Africa.

GIA’s Junior Gemologist Program, which gives 10-15-year-old students the opportunity to discover the world of gemology through hands-on, practical training, was introduced in sub-Saharan Africa in 2012, and has taken place in Botswana, Cote d’Ivoire, Kenya, Tanzania and South Africa.

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

To learn more about GIA, visit www.gia.edu.

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The IDEX Online Polished Price Report for October 30

This week saw a larger degree of trading activity in round diamonds than in past weeks, with the majority of price changes being negative, according to the weekly IDEX Online Price Report.

Meanwhile, in fancy shape stones, there was an exceptionally low level of price changes and almost all of them were in a downward direction.

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 many changes in higher colors/clarities

  • 0.23-0.29 cts just two changes, both downwards

  • 0.30-0.39 cts E / VVS1 +3.6% to $2,700 p/c

  • 0.40-0.44 cts D / VS1-SI1 declining by 3%

  • 0.45-0.49 cts H / VS1-SI1 declining by 1-3%

  • 0.50-0.69 cts unchanged

  • 0.70-0.79 cts just one change, downwards

  • 0.80-0.89 cts mostly declining

  • 0.90-0.99 cts D / VVS1 -2.7% to $10,700 p/c

  • 1.00-1.24 cts many declines in lower colors/clarities

  • 1.25-1.49 cts several declines

  • 2 cts E / VVS1 -2.9% to $30,300 p/c

  • 3 cts a range of declines

  • 4 cts unchanged

  • 5 cts L / I2 -3.5% to $2,800 p/c

Fancy Cuts

 

  • 0.18-0.22 cts D / SI1 -4.4% to $1,100 p/c

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts no changes

  • 0.40-0.44 cts H / VVS1 +2.5% to $2,050 p/c

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts K / I1 +5.3% to $1,000 p/c

  • 0.70-0.79 cts just one change, downwards

  • 0.80-0.89 cts H / VS1 -2.7% to $3,600 p/c

  • 0.90-0.99 cts one decliner

  • 1.00-1.24 cts just two decliners, in better colors/clarities

  • 1.50-1.99 cts H / IF -2.3% to $8,500 p/c

  • 2 cts L-N / SI2 rising by 3-4%

  • 3 cts unchanged

  • 4 cts just one decliner

  • 5 cts D-F/ VS2-SI1 decreasing by 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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Richline Exec Talks Trust at Portland Jewelry Symposium

Addressing a crowd of more than 120 at the opening night dinner of Portland Jewelry Symposium, October 5-6, Richline’s Chief Marketing Officer Mark Hanna focused on building trust in the jewelry industry.

“We are an industry where trust is paramount, with each other and the consumer,” said Hanna. “The future viability of the jewelry industry depends on our trustability.”

Hanna stressed the importance of jewelry businesses large and small to act responsibly and transparently when sourcing precious metals and gemstones, manufacturing, marketing, and selling jewelry to the end consumer. “Trust takes years to build, seconds to break, and forever to repair,” he quoted. 

In addition to describing the efforts of a number of industry groups and trade organizations to streamline the processes required to effect social responsibility in our industry, Hanna sounded off on the current “Made in the USA” federal laws, which make it virtually impossible for any jewelry makers in the U.S. to label their products “Made in America.”

Hanna was candid about his personal frustration with the issue, explaining that Richline, in cooperation with key industry leaders, would “continue to fight this particularly unfair law.”

Discussions of building trustability in the jewelry industry didn’t end at the event’s kickoff dinner. The following day, during the Symposium presentations, several speakers addressed related issues.

Stewart Grice of Hoover and Strong gave attendees suggestions for how to source supplies and work responsibly in his presentation, Social Responsibility

for the Small Shop.

“More consumers than ever are now interested in responsibly sourced jewelry and are demanding more transparency throughout the whole supply chain,” said Grice. “Whether you are a manufacturing jeweler or a designer, own multiple stores or a single shop, you have options to provide the consumer with what they want.” Grice outlined a number of eco-friendly approaches to common shop practices, as well as provided attendees with sources for responsibly sourced and recycled precious metals and gems.

Andy Holwell of Johnson Matthey NY, in his Precious Metals Market Outlook, touched on the reality of using recycled precious metals versus freshly mined metal.

"Sustainability is about recycling, but also a holistic view of where we source metal and how our operations are responsible towards the environment and our communities,” said Holwell.

“It's about transparency, compliance and certification, about engaging a partner whom you trust is ‘doing the right thing;’ being comfortable with the values of that partner.”

Attendees from Volund Jewelry in Vancouver, British Columbia, Canada, were impressed with the focus on social responsibility at the Symposium, writing on their blog: “From Mark Hanna’s opening keynote address to Stewart Grice’s talk on Social Responsibility for the Small Shop, most presenters offered ways to make better, more informed business decisions…. We were delighted to see this important subject brought up and highlighted multiple times during the symposium.” 

Rounding out the day were a series of inspiring presenters, including Claudia Kretchmer of Steven Kretchmer Designs, who shared a moving review of her late father’s innovations in the fields of alloy development and jewelry design; Tina Snyder of STACKED New York, who offered actionable advice and strategies for building a jewelry brand using traditional marketing and social media; and Ronda Coryell of Ronda Coryell Designs, who demonstrated granulation techniques and fusing gold to Argentium silver live at the bench. 

The Portland Jewelry Symposium, now in its seventh year, is sponsored by TechForm Advanced Casting Technology, MJSA, Rio Grande, Platinum Guild International, Johnson Matthey NY, GIA, Solidscape, The Richline Group, The Santa Fe Symposium, Jewelers of America, Superfit Inc., Cooksongold, Stuller, Gemvision, A3DM Technologies, John C. Nordt Co, Lashbrook Designs, Dawson Distributions, and United Precious Metal Refining. 

 

For a full list of presentation topics, visit portlandjewelrysymposium.com.

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Kingswood Company Is One of America’s Fastest-Growing

The Kingswood Company earned placement on the 2014 Inner City 100, based on the company’s accelerated growth over the past five years. The Inner City 100 honors the fastest-growing inner city businesses in the U.S.

The Inner City 100 program recognizes successful inner city businesses and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities. 

The Kingswood Company results indicate a five-year growth rate of 138.5 percent. The City of Columbus, Office of Mayor Coleman nominated The Kingswood Company for the Inner City 100. Kingswood was one of two Columbus businesses to make the list, out of 86 local nominees.

“We are very honored to have been chosen as one of the 2014 Inner City 100,” said Kristie Nicolosi, CEO and President of The Kingswood Company. “We remain committed to growth and expansion of our business in the heart of Columbus, Ohio, enjoying the benefits of operating in a vibrant urban center.”

“We are proud to have The Kingswood Company chosen as part of the Inner City 100,” said Mayor Michael B. Coleman. “Kingswood’s success demonstrates that companies are thriving and growing in our urban core.”

 

Headquartered in Columbus, OH since 1956, The Kingswood Company is the world’s leading manufacturer of private-label jewelry care products, serving thousands of retailers, designers and manufacturers worldwide.

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Susan Eisen Dubbed “Queen of Bling”

Susan Eisen Fine Jewelry Watches Art and Appraisals won the top honor for the tenth time in a row in El Paso’s What’s Up Magazine, Best of the Best annual competition.

The emcee at the event, local KVIA sportscaster Asher Wildman dubbed Susan Eisen the “Queen of Bling” at the awards ceremony held July 15. (To see ceremony click on, http://www.susaneisen.com/Queen-of-Bling.) 

Taking first place over 18 other nominees, including some local and chain stores that have been in business for decades, exemplifies the trust jewelry, watch, and art customers place in Susan Eisen Fine Jewelry and Watches. To win every year since 2005, the year the jewelry category was added, speaks of the reputation and credibility of the store since its inception in 1980.  

Since Susan Eisen, a university-trained jewelry artist and goldsmith, founded her first jewelry store in 1980 to showcase some of her own artistic and unique custom designed jewelry creations, along with an art gallery featuring El Paso artists.

She has focused on continually learning more about her field, and takes advanced coursework offered by the Gemological Institute of America, The American Society of Appraisers, and The International Society of Appraisers. Ranked in the top 16 of “America’s Best Jewelers” by National Jeweler Magazine, and named “Retailer of the Year” by the Women’s Jewelry Association, Eisen’s reputation continues to grow over the years and today has customers in many states besides Texas, and including Mexico, England, Thailand, Australia and Israel.

 

Eisen has written two books, “Crazy About Jewelry: The Expert Guide to Buying, Selling and Caring for Your Jewelry,” Full Circle International Publishing (www.crazyaboutjewelry.net/jewelry-services, $16.95), and in 2011 released her second book, “The Myth of the Million Dollar Dishrag: An Effective and Powerful Plan to Avoid a Family Inheritance Battle After You Die,” (www.inheritanceexpert.com $29.95).

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Jewelers' Daughter Weds in San Francisco

Stephanie Ueng, daughter of Jennifer and Charles Ueng, creators of the JYE Luxury Collection, was married on July 5, 2014 at the fine arts museum, the Palace of the Legion of Honor in San Francisco, CA.

Stephanie wore many of JYE Luxury Collection’s stunning, timeless pieces as her “something borrowed” on her wedding day. These include a fine strand of high luster pinkish overtone South Sea Pearl necklace size from 13-15 mm, and a pair of custom-made marquise shape diamond top 14mm pearl earring with 2.44 ct total diamond weight.

One 18K white gold diamond bracelet total weight of 5.07ct, a 4.26ct fancy yellow diamond ring, and a 9.01ct fine Ceylon sapphire vivid blue color with 3.66ct G/VS diamonds.

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Pandora Americas Names New CEO

Tracey Griffin has joined Pandora Americas as new Chief Operating Officer, reporting to Scott Burger, President. 

Griffin will oversee the brand’s operations, legal and information technology departments bringing extensive knowledge in management and operational oversight to the affordable luxury jewelry brand. 

“I am thrilled to have Tracey on board,” said Burger. “Tracey will serve as a key partner to me, working across functional areas to ensure effective execution of day-to-day business activities. She will also help to drive the execution of the strategic priorities and initiatives in the organization.” 

Griffin has a solid track record of success in leading and developing teams. Previously, she served as Senior Partner for McKinsey & Company, a global management consulting firm. While with McKinsey, Griffin led the Washington, D.C., office and the global Consumer Health service line. She has been instrumental in growing Fortune 500 companies and has vast business knowledge in the consumer products, retail, pharmaceuticals and consumer health industries. 

Prior to McKinsey & Company, Griffin worked at Proctor & Gamble, leading multi-functional teams responsible for managing several cosmetic brands and achieving record share gains during her tenure. Prior to that, she was an analyst with PaineWebber in New York. 

Passionate about issues of education and employment, Griffin was on the Dress for Success board for DC/MD/VA and currently sits on the UNCF board, based in Washington, D.C. Griffin holds an MBA from Stanford Graduate School of Business and an undergraduate degree from Georgetown University. 

Griffin states “I had always thought I would go back to an operating role, and Pandora presented the right opportunity at the right time. We have a loyal consumer and a great product and I am looking forward to joining the team and continuing to build the business.” 

 

For more information, visit www.pandoragroup.com.

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Jewelers Mutual Releases Holiday Security Video

To assist retail jewelers with keeping safety and security top of mind during this busy season, Jewelers Mutual Insurance Company has released its latest Secure Business Series video, "Holiday Security Tips." 

Additionally this week, Jewelers Mutual will kick off a series of eight consecutive holiday editions of "Tip of the Week," each of which will be relevant to holiday security, so that jewelry-business managers may share the information with staff in well under five minutes.

"From November until the end of the year, we know it's crunch time for jewelers everywhere," said David Sexton, CPCU, vice president of loss prevention consulting. "It's tough to keep your associates focused on safety as well as sales, but we hope that our video and the short Tip of the Week posts will help owners and managers reinforce that safety and security should be part of every associate's job."

In less than five minutes, the fifth video installment of the Secure Business Series details three tips for a secure holiday season: hire smart, instill honesty, and keep security procedures locked down. The key takeaway is to have a well-rounded staff in place and familiarize them with the best practices for operating a jewelry business.

Each Tuesday through December, Jewelers Mutual will also release a special Holiday Tip of the Week to provide a quick dive into a seasonal security topic. Look for suggestions on extra security for Black Friday, preparing for winter storms, and how to handle increased shipping and receiving activity.   

"Time is a precious thing, so these tips were designed to be shared in under five minutes," said Sexton. "A simple reminder can be a key component to preventing losses and making your holiday season that much brighter." 

 

To learn more, visit Jewelers Mutual's Safety and Security page at JewelersMutual.com.

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Milenyum Discovers World’s Largest CSARITE

Milenyum Mining Limited has discovered and cut the world’s largest known faceted CSARITE gemstone.

The 121.65-carat pear shape rarity was cut from recently recovered rough of approximately 430 grams from the world’s only CSARITE mine.   

Previously, the largest known faceted CSARITE was an 88.49 carat pear shape that took home a coveted 2014 AGTA Cutting Edge Award.  The only other large CSARITE gemstones of a similar size have been cabochon gems that exhibit the cat’s eye and color change effect.

“It was an exciting challenge to cut this stone,” stated Rudi Wobito, Master Cutter of WOBITO that did the actual faceting.

“CSARITE rough very rarely produces a fine gem of this size and caliber.  And it’s a very slow process to shape the rough and finally arrive at the finished gem.  We studied the material from all angles for weeks before deciding on the final shape.”

Murat Akgun, president of Milenyum Mining Limited explains, “Typical loss from rough CSARITE is 98 percent. We have recovered rough pieces three times the size of this one, and ended up with no faceted stones. We lost only 95% of the large specimen in cutting this gem, again setting it apart as a truly unique gem!  This fine quality CSARITE is certainly the world’s largest at this time, and we expect the retail price to be close to a million dollars.”

 

The lively gem is beautifully cut and exhibits a pronounced and vivid color change.  Interest in the rare and valuable gemstone is expected by both private collectors and top designers. 

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Ritmo Mundo Partners with LA Galaxy

Watchmaker Ritmo Mundo has signed on as an Official Partner of the LA Galaxy through the 2015 season.

This is the first professional sports team partnership for Ritmo Mundo, and the first watch partnership for the LA Galaxy.

Locally headquartered in Beverly Hills on the world-famous Rodeo Drive, Ritmo Mundo interest in the soccer community and fan-base has grown exponentially in recent years, most notably in 2014 with the World Cup. 

They have established relationships with several Brazilian National Team players to help expand the Ritmo Mundo brand internationally. Ritmo Mundo will utilize the partnership with the Galaxy to market it luxury collections, as well as its Reflex brand of wearable LED slap watches.

“The LA Galaxy organization is consistently looking to better themselves with regards to sportsmanship, fan offering, and remaining ahead of the curve in technology and fan outreach, so this synergy is ideal as we look to broaden our scope and reach soccer fans everywhere they may be - on their mobile devices, their computers, in the stadium or at home,” Ali Soltani, President of Ritmo Mundo.

The partnership will be communicated through a custom watch display within the VIP Champions Lounge (inside and adjacent to the tunnel to the locker rooms) to showcase both Ritmo Mundo & Reflex watches Galaxy’s premium ticket holders and ancillary partners.

Ritmo Mundo will also be recognized and exposed within the Galaxy’s in-stadium media assets, digital marketing and social media platforms to support their messaging as a new Galaxy watch partner offering 2 brands. 

“Ritmo Mundo is a cutting-edge brand with global reach and a worldly-focused audience,” said LA Galaxy President Chris Klein. “This partnership allows for two premium brands to come together and grow within sports and fashion.”

 

For more information, see www.ritmomundo.com.

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White Pine Launches Fine Jewelry Division, Adds Staff

White Pine Trading has launched its new Fine Jewelry. The new operation represents the latest addition to the suite of services offered to the trade by White Pine.

“Backed by an expanding, national acquisitions team and a growing sales team of 15 industry veterans, the new division has a straightforward mission,” said White Pine CEO Benjamin Burne. “We want to create opportunities for jewelry retailers to enhance their profits.  Toward that end, our acquisitions team is crisscrossing North America to uncover new and exciting opportunities for our retail industry customers.” 

“Our team is interested in the gamut of opportunistic acquisitions. In fact, White Pine has already acquired product from several hundred manufacturers over the past few months, including inventories from the Bauman-Massa and JewelAmerica bankruptcies,” noted division head Dominic A. Mainella, who joined White Pine to develop and coach the new division’s national sales team and whose responsibilities also include researching and developing acquisitions. 

“White Pine’s buyers are also seeking diverse inventory — everything from basics such as diamond stud earrings, to high-end pieces fit for New York’s Madison Avenue or ’The Red Carpet,’” Mainella continued.

“The aim is to bring this product to retailers at prices substantially lower than what they would typically pay when purchasing directly from manufacturers.  All acquisitions are carefully selected to ensure uniqueness and value, creating larger profit margins for retailers.  Additionally, every item is inspected by our quality control department.”  

“As one of the largest recycled diamond companies in the world, White Pine can also take advantage of its extensive network of global product sources to uncover interesting and unusual finds,” Burne added. “Some of our competitors are strictly wholesale buyers, whereas we have more diverse sourcing, allowing us to offer a much broader inventory selection, not only in diamonds but also in branded, fashion, antique, and estate jewelry, as well as fine watches.” 

The new service has already assembled one of the largest surplus inventories of branded bridal jewelry in North America.  “We are now offering several of the top performing bridal lines at significantly below authorized dealer cost,” Mainella said. “Given the quantities involved, this limited opportunity is unprecedented in the industry.”

Mainella concluded, “In addition to leaving no stone unturned in our search for opportunistic product acquisitions, we are also searching for the ‘best of the best’ in field sales representatives as we expand the division. 

White Pine seeks to recruit veterans who think of themselves almost as in-house buyers for their customers. If 45 luxury brand watches come in tomorrow at 20 cents on retail, I’ll call the retailers who I know have a strong strategic interest in the opportunity. In other words, we act as the eyes and ears of our customers. We don’t look to just fill orders.” 

 

Jewelry industry veterans Danny Dye and Frank Parisi are the two latest additions to the division’s sales team working directly with retailers. Dye, who will concentrate on the New England market, joins White Pine with 25 years sales experience with Wilkersons and GBC Inc. (formerly Gordon Brothers Group). Parisi, who will focus on the mid-Atlantic region, previously spent nine years in sales with GBC.

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NYC’s 24 Karat Club Sets Banquet Date

The 113th annual banquet of the 24 Karat Club of the City of New York is set for Saturday, January 10, 2015 at the Waldorf-Astoria Hotel in New York City.

The banquet, with its formal traditions and big-name entertainment, caps off a weekend filled with important meetings, celebrations, and a gathering of the top leaders and VIPs in the fine jewelry industry.

While the club traditionally keeps the name entertainment secret until the night of the event, members of banquet planning committee promise attendees will be dazzled. 

Then, following the grand banquet, the festivities continue with a high-energy Midnight Bash dance party at the Waldorf and, new this year, a special jazz lounge for members who want to continue the evening in a more relaxing manner.

 

Room blocks are available at the Waldorf-Astoria and adjacent Waldorf Towers, and at the nearby W New York Hotel, 541 Lexington Avenue.

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Joseph Blank launches First Bridal Collection

In celebration of its 95th year in business, Joseph Blankhas launched its first bridal collection, The Bolero Collection.

The contemporary design of this collection is intended to appeal to today’s millennial bride. It is “of the moment” yet refined to withstand the test of time. Available in all metals, with or without center stones, the collections’ starting price point is $550.

Joseph Blank’s long list of loyal retail clients have already enthusiastically embraced the new line, which was soft-launched during 2014’s Jewelry Market Week in Las Vegas.

 “Our customers have come to rely on our company’s culture of emphasizing customer service and careful attention to detail,” explains Douglas Blank, the company’s president and CEO. “In addition, we paid careful attention to the retail price while we were developing the collection, and we’ve hit a price point that is successful in today’s retail market.”

A third generation business, Joseph Blank was started in 1919 by Douglas Blank’s grandfather, Joseph. In their first 50 years, they became known as one of America’s finest and largest colored gemstone houses. In the late 1960’s, Martin, Douglas’ father, laid the groundwork for what became the American Diamond Melee business. 

He was a pioneer in traveling to India and importing loose diamond melee for the American manufacturing market. Since joining the firm in 1990, Douglas has been involved in every aspect of the business, from buying and selling loose goods to expanding JBI’s presence in finished jewelry with production facilities in India, China and Mexico.

In 2005, Doug was instrumental in bringing jewelry industry veteran Jeffrey Crohn on board.

With over 35 years in the diamond and jewelry trade, and experience in all aspects of the business, Jeffrey, now Director of National Sales for Joseph Blank, has become a key player in the company’s success.

 

Moving forward, Joseph Blank plans to expand upon the success of the Bolero Collection with earrings and pendants. Additionally, they are developing an organic natural diamond jewelry collection via their factory in India that will launch later this winter, complementing JBI’s core loose diamond business.

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Allison Neumann Announces Grand Opening of Flagship Boutique

Allison Neumann will open her flagship boutique at 861 6th Avenue, Suite 614, San Diego, CA 92101. 

The company will hold a grand opening event on November 8, 2014 from 12pm to 4pm.  This event welcomes jewelry-lovers and industry insiders from the San Diego area and beyond to preview and purchase the latest designs by Allison Neumann.

Located in San Diego’s historic and vibrant Gaslamp District, the 400-square-foot showroom and boutique will carry Allison Neumann’s classic collections, including gold and sterling silver, diamond and gemstone designs for women and men, as well as limited-edition fine jewelry, special one-of-a-kind designs, engagement rings, and wedding bands. 

It will also carry other branded jewelry lines, accessories and gifts, and perform retail services including custom jewelry design and jewelry repair. 

The boutique’s interior décor is largely influenced by Neumann’s organic fine jewelry designs. “I wanted a very welcoming and inviting space,” says Neumann, who had a crystal chandelier along with six-foot beveled mirrors installed to reflect the store’s natural light.

Wood grain flooring and “barn door” style cabinets are mixed with modern elements, such as raw steel counters and high gloss white jewelry cases. “The juxtaposition between rustic and refined resonates with my design aesthetic, and creates for a very warm, elegant environment.”

The grand opening event will showcase rough sapphire designs from the new River Rock collection. “The collection was inspired by my love for the outdoors and for these natural gems in their purest form,” says Neumann. “Rough sapphires, in their raw state, are paired with clean, streamlined metals. The resulting designs are not only distinctive, but also versatile, in that they can be worn dressed up and dressed down.” 

“The opening of our first flagship boutique in San Diego marks a significant strategic move for Allison Neumann as we develop and grow our business in Southern California,” states Neumann.

“We look forward to establishing ourselves in this beautifully energetic city by providing our customers a wide range of Allison Neumann pieces.  Through superior customer service, we plan to offer a unique and personalized shopping experience which will guide our future successes.” 

Allison Neumann’s Grand Opening will be presented with generous support from UBER and San Diego-based beverage company, Bon Affair. To RSVP to the grand opening event on November 8, 2014, please email RSVP@allisonneumann.com

 

For additional information, see http://www.allisonneumann.com.

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2015 NICHE Awards Finalists Announced

NICHE Magazine has revealed the finalists for the 2015 NICHE Awards. 

Only 170 entries out of more than 1,000 submissions were named as finalists in this year’s competition. The awards program is sponsored by NICHE magazine, the exclusive trade publication for independent retailers. 

Now in its 26th year, the NICHE Awards program began in 1989 to recognize the outstanding creative achievements of American craft artists who produce work for craft galleries and retail stores. Judging is based on three main criteria: 

  • Technical excellence, both in surface design and form
  • Market viability
  • A distinct quality of unique, original and creative thought 

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 5000 buyers representing galleries, museum gift shops, and specialty retailers.  

 

For more information, a complete list of finalists, and images of finalists’ works, visit www.NICHEAwards.com.

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Dr. Thomas Hainschwang Honored with Bonanno Award

Dr. Thomas Hainschwang is the recipient of the 2015 Antonio C. Bonanno Award for Excellence in Gemology from the Accredited Gemologists Association.

The Bonanno Award recognizes those who have made significant contributions to the gemological field. Recipients of the award areselected by a majority vote of the AGA membership. 

Dr. Hainschwang is director of GGTL Laboratories, located in the European Principality of Liechtenstein. He earned his PhD at Nante University under the supervision of Dr. Emmanuel Fritch, 2013 recipient of this prestigious award. 

Thomas is recognized for his significant contributions to the field of gemology, among which his research on Type Ib diamonds had international impact.  

Thomas’ contributions to gemological literature include more than 100 articles on various aspects of gemology and analytical instrumentation. 

AGA president Stuart Robertson noted, “At a rather young age, Dr. Hainschwang has already distinguished himself and made an enduring mark on the field of gemology. Take any one of his numerous studies concerning various aspects of natural, treated and laboratory grown diamonds, their features and phenomena, and it would stand alone as worthy of distinction. Yet with Thomas, we see a pattern of diligent investigation and desire to address the critical issues.” 

Thomas has demonstrated a commitment to not only investigating these important issues but also making his findings available for peer review and publication. 

Thomas was instrumental in detecting and then informing the trade immediately after his discovery that small natural pearls were being used as nuclei in an effort to create larger pearls that appeared to be, and were mistakenly identified by some labs, as natural pearls. This study was the subject of one of Thomas’ earliest presentations to the AGA. 

Dr. Hainschwang makes his approach to gemology very clear: “A gemmological laboratory cannot claim to be scientific without applying rules prevalent in a scientific approach.” It is his adherence to these principles that has enabled Thomas to achieve a number of breakthroughs in identifying and addressing leading issues facing the gem trade today. 

On learning that he was to receive the award, Thomas expressed his appreciation while noting, “I am honored to be included among this special group.” 

Previous winners of this prestigious award include: Dr. John Emmett, Dr. Emmanuel Fritsch, Thom Underwood, Stuart Robertson, Richard Hughes, Christopher Smith, Dr. James Shigley, Shane McClure, Richard Drucker, Alan Jobbins, Antoinette Matlins, Dr. Henry Hanni, The late G. Robert Crowningshield, John Koivula, C. R. Beesley, and Alan Hodgkinson. 

The Antonio C. Bonanno Award for Excellence in Gemology will be presented at AGA’s Gala Dinner Dance at the conclusion of its Tucson Conference, Wednesday, February 4, 2015, from 6:30 – 11:00 PM, at the Marriott University Park Hotel. 

For additional information or to attend the conference or gala, go to www.accreditedgemologists.org or call 619 501-5444.

 

 

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INSTORE Seeks Bench Contestants

INSTORE magazine and The SMART Jewelry Show are seeking applicants to compete in INSTORE's Bench Pressure Challenge competition held April 18 - 20, 2015, at Chicago's Navy Pier. 

A total of eight contestants will be selected; four each for the All-Around Challenge and the CAD Challenge. Each will receive round-trip airfare to The SMART Jewelry Show and two nights’ accommodation at the show hotel.

Taking place in the new Bench Challenge Pavilion on the floor of The SMART Show, this Stuller-sponsored competition highlights the expertise and craftsmanship required to turn basic ideas into brilliant finished pieces.

With overhead monitors giving the audience an up-close view of the action at each bench workstation, as well as industry veteran Mark Loren returning as emcee, these competitions are interactive and informative.

Contestants will be selected based on their education, experience and past work. Bench jewelers interested in participating can apply online before January 28 at smartjewelryshow.com/bench.

CAD CHALLENGE

  • CAD I: Saturday, April 18, 10:15am - 12:15pm
  • CAD 2: Saturday, April 18, 2pm - 4pm

On Saturday, April 18, the four INSTORE Bench Pressure CAD Challenge contestants will fire up their computers for two tests of their ability to design to a customer's specifications. The work will be judged on creativity, presentation, sales skills and how well the final designs meet the requirements. An overall winner will be determined based on the combined scores of the two events.

ALL-AROUND CHALLENGE

  • Setting: Sunday, April 19, 10:15am - 12:15pm
  • Freestyle: Sunday, April 19, 2pm - 4pm

On Sunday, April 19, four different bench pros will go hands-on in the INSTORE Bench Pressure All-Around Challenge. The three contests will stretch the bounds of their creativity as they demonstrate their skill in setting and a special freestyle challenge. At the conclusion of these two challenges, an overall winner will be crowned. 

 

For more information, contact Cindy Chandler at cindy@smartworkmedia.com or (615) 480-7688.

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Hoover & Strong Will Stock Fairmined Gold

After three successful purchases of Fairmined gold from AURELSA, a Fairmined certified mining community in Relave, Peru, independent U.S. jewelers and Hoover & Strong commit to a new sourcing model.

Hoover & Strong will purchase and stock Fairmined gold in a variety of forms for on demand ordering to begin January, 2015.

Ethical Metalsmiths’ recent proposal to Hoover & Strong to increase access to and create convenient purchasing of certified Fairmined gold is the backbone for new commitments by H&S. In January 2015 H&S will be stocking Fairmined gold. 

"We appreciate Ethical Metalsmith’s vision and coordination to bring Fairmined metal to the U.S. We feel it is a viable effort that will benefit many small mining communities around the world." Torry Hoover, Hoover & Strong. 

Available products will be grain, sheet and round wire in 14K, 18K and 24K yellow Fairmined gold and additional Fairmined products may be offered based on customer needs. Fairmined silver will also be available in casting grain. 

"This is an exciting and much needed development in increasing jeweler and consumer access to Fairmined gold. In the pilot phase customers had to pre-pay and wait for group purchases of Fairmined gold, with the new model customers will be able to simply call Hoover & Strong and place their order." Christina Miller, Ethical Metalsmiths. 

Through sourcing Fairmined gold any jeweler can help transform mining into an active force for good. "By buying Fairmined gold you help us to improve our methods, protect the environment and improve our performance in social responsibility." Rosa Reyes, AURELSA, Peru. 

Jewelers interested in purchasing Fairmined gold and silver from Hoover & Strong should establish an account with H&S and become a Fairmined licensee. Between now and January H&S is purchasing Fairmined certified gold and silver in preparation for the first round of January orders.

NEXT STEPS:

To help the miners plan their year and H&S make the right purchasing and product development decisions, please take 3 minutes (estimated survey completion time) and complete the Fairmined Gold (and silver) Demand Assessment Survey at (http://www.surveygizmo.com/s3/1794542/Fairmined-Gold-Demand-Assessment). 

For more information, contact: 

Ethical Metalsmiths
Christina Miller, Executive Director, cmiller@ethicalmetalsmiths.org
513-551-0559;

Hoover & Strong
Torry Hoover, President
torry@hooverandstrong.com

 

To sign up to receive further information, go here.

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JCK Adds Special Luxury Event

JCK is pleased to introduce the addition of LUXURY one2one, a new concept event, which is a unique hosted buyer summit that offers elite jewelry retailers a more personalized opportunity to meet with new solution providers to fulfill their business' needs.

 

The inaugural LUXURY one2one will take place on Sunday, February 1, 2015 at the JW Marriott Tucson Starr Pass Resort & Spa, a AAA Four-Diamond luxury resort, in Tucson, Arizona. This precedes JCK Tucson happening February 2-7, 2015 in conjunction with Tucson Gem Week.

"This one-day format creates a highly productive and dynamic experience unlike any other jewelry industry event. It focuses on solving business challenges and fulfilling needs in a highly personalized and curated environment. This format is similar to speed networking with eleven 30 minute meetings and networking events throughout the day in a breathtaking resort setting," said Yancy Weinrich, Group Vice President, JCK Events.

This face-to-face experience will bring together 25 solution providers with 50 pre-qualified domestic and international retail stores. Retailer delegates will be matched with new suppliers that have product or services to fit their needs.

LUXURY one2one will commence on Saturday, January 31, 2015 with an innovative evening keynote followed by an introductory meet and greet reception. Sunday, February 1 will begin a full day of eleven, 30 minute peer-to-peer meetings between matched delegates and solution providers along with curated networking dining experiences. Sunday night will be capped off by a festive Super Bowl viewing party as the one2one event comes to a close.

For more information on LUXURY one2one, visit jckonline.com.

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Israel Diamond Week Underway in New York City

Diamond buyers arriving at the Diamond Dealers Club of New York for the Israel Diamond Week in New York can take part in a special raffle and a chance to win a free flight and guaranteed, free hotel accommodation for the next edition of the Israel Diamond Week that will take place February 8-12, 2015, at the Israel Diamond Exchange (IDE) in Ramat Gan.

"The Israel Diamond Weeks are recurring events that offer diamond buyers the opportunity to source their diamonds in an inviting, secure environment, with access to an unusually wide choice of polished diamonds," said IDE President Shmuel Schnitzer.

"The formula for the Diamond Weeks - now in its third year - has proven very successful and therefore we're making efforts to plan further ahead and set the dates for upcoming events," Schnitzer continued, adding that the busy, annual industry calendar meant "this is not an easy task." 

He added: "The raffle we will be holding at the DDC in New York serves not only to attract buyers to the Israel Diamond Week in New York in November but also to draw attention to future events."

 

The third edition of the Israel Diamond Week in New York, to be held November 10-13, 2014, is a bi-annual diamond sales event jointly organized by the IDE and DDC. It has proven not only to be successful platform for trade between the members of the largest diamond exchanges in the western world, but also a pro-active effort to open the DDC's doors to diamond buying jewelry manufacturers and jewelry retailers who usually do not visit the club.

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Chicago Jewelers’ Assn. Celebrates 140th Year

The Chicago Jewelers’ Association celebrates its 140th anniversary with a gala event of the season, to be held on December 6th in the Red Lacquer Ballroom of the Palmer House.

The CJA is the oldest jewelers association in the United States, celebrating 140 years, and marks Chicago as a venerable thoroughfare for the jewelry industry at large.

Chicago has served as a centrally-located hub throughout its history, and brought in from surrounding states many jewelers and jewelry-related industries.

Still today, Chicago supports suburbs and surrounding states in the manufacturing, wholesaling, and retailing of watches and fine jewelry. Some of our attendees and sponsors to the gala event are companies that have been in existence for many decades, ranging from 80-140+ years – including Jewelers Mutual, Brinks, Ball Watch Company, Rockford Watch, just to name a few.

There will be 250 guests in attendance at the gala, including keynote speakers Susanne Jacques, the President of Gemological Institute of America (GIA), and Martin Rapaport of the Rapaport Group.

The event will feature a jewelry design contest, an auction of the winning jewelry piece, displays of fine jewelry made in the USA, historical photographs, a video interview series with longstanding figures in the Midwest jewelry industry, and other surprises celebrating a theme of old and new.

 

For additional information, contact Myriam Tashey at Professional Gem Sciences Laboratory by phone at 312-920-1541.

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Gemvision Releases Matrix 8

From design to manufacturing the new version of Matrix from Gemvision offers a comprehensive approach to jewelry design. Focused on creating toolsets and workflows that enable jewelers to perform their jobs more efficiently, Matrix 8 assists with designing, pricing, ordering, selling and the jewelry manufacturing process.

At the time the original version of Matrix was launched in 2001, CAD was used for rockets and automobile parts. Matrix was revolutionary for the jewelry industry. “When Matrix was initially developed, it was our job to educate jewelers on the advantages of CAD,” explains Doug Kerns, Manager of Sales at Gemvision. “As CAD becomes the new normal Gemvision remains focused on the distant horizon, developing the most cutting–edge tools and services to the jewelry industry. The latest update, Matrix 8, is a great example.”

Matrix 8 approaches design through the eyes of a jeweler, analyzing how jewelers run their businesses and providing solutions through new tools and functionality. If you believe time is money, the improved efficiencies in Matrix 8 will increase productivity while facilitating beautiful design. Stuller gem ordering and pricing tools, based on the day’s precious metal prices and gemstone availability, allow for easy processing. Mesh repair and CAM tools make your model production-ready, faster.

Experience the all-new jewelry builders by quickly creating halos and popular jewelry designs. Matrix 8 includes libraries of finished bridal designs and fashion designs. These libraries along with the addition of jewelry findings place advanced designs quickly at your fingertips. Reporting tools define your manufacturing needs and detailed schematics of your design promote enhanced workflow. Stunning animation tools bring your designs to life satisfying the curiosity of your customers.

“Gemvision customers have the advantage,” continues Kerns. “Gemvision has been providing technology solutions to jewelers for over twenty years. We have a number of former jewelers on staff and we are partnered with Stuller, the largest jewelry manufacturer in the USA. This gives our customers a huge competitive edge. At Gemvision, innovation is our tradition.”

 

To see more about Matrix Version 8, visit www.gemvision.com/m8.

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Dates Set for Miami Antique Jewelry & Watch Show

U.S. Antique Shows has announced that the Miami Antique Jewelry & Watch Show will be held at the Miami Airport Convention Center, Nov. 7-9. Just 13 miles from Miami Beach, the event will showcase a fantastic variety of antique, vintage and estate jewelry and watches. 

The Miami Antique Jewelry & Watch Show gathers more than 100 well-established dealers presenting their pieces to antique jewelry enthusiasts in Miami, Coral Gables, Ft. Lauderdale, and beyond.

On the show floor, jewelry and watch collections from the Renaissance to Retro eras are represented as well as signed pieces from global brands like Cartier, Rolex, Tiffany & Co., Harry Winston, and more. 

The show will also be hosting a special session, Friday, Nov. 7 at 7 p.m., for the GIA Alumni Association of South Florida. This year, Jennifer Heebner, senior editor for JCK Magazine and

JCK Online, will be speaking on The 10 Jewelry Trends You Need to Know Now and Why. 

Registration is required and the session is open to all GIA Alumni. 

 

For more information, see www.USAntiqueShows.com.

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WJA Chapter Hosts Designers by the Bay

The Women’s Jewelry Association Northern California Chapter presents the 17th Designers by the Bay from 7:00 to 9:00 pm Wednesday, October 29 at Shreve & Co. Jewelers in San Francisco.

This year the group will be honoring Georgie Gleim, President of Gleim the Jeweler. One of the premier family-owned, independent jewelers in the United States, Gleim the Jeweler’s family heritage began with the Georgie's grandfather opening the first Gleim's jewelry store on University Avenue in Palo Alto in 1931. 

 

The event will feature the work of over 20 local jewelry designers, cocktails and hors d’oeuvres as well as a design competition judged by three prominent judges in the jewelry industry: Tanya Dukes from InStore Magazine, Laura Compton from SF Chronicle, and Hank Stenner from Wilkes Bashford. Proceeds from the evening will support the Women’s Jewelry Association Northern California Chapter.

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National Jeweler Launches Digital Edition

Jewelry industry publication National Jeweler has launched its first digital magazine.

To be issued quarterly, the digital magazine is intended to bring jewelry store owners the same news and trend analysis that the print edition of National Jeweler did for over 100 years. 

The inaugural issue of the publication focuses on trending pieces for fall/winter, ideas for in-store events, and the growing world of alternative financing, while the  cover story discusses the ever-evolving world of celebrity styling, providing practical tips that even independent jewelers can follow to get their jewelry in the limelight.

“We’re very excited about the digital version of National Jeweler,” said editor in chief Michelle Graff. “The digital publication gives us the opportunity to offer a stand-alone piece that contains tips, trends and news that readers can continually reference.”

 

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Triton Introduces TungstenAIR

Triton has introduced TungstenAIR, an innovative, patented new metal that delivers the perfect balance of weight and strength to keep pace with any man who lives an active lifestyle.

“Triton is defined by strength, innovation and style. Our attention to detail, design artistry, and innovative engineering of contemporary metals create a bold statement,” says Jonathan Goldman, CEO of Frederick Goldman Inc.

 “Triton continues to lead the way for innovation in men’s rings and jewelry with the launch of TungstenAIR, built for today’s active lifestyle.” 

TungstenAIR has all of the benefits of Tungsten Carbide, including durability, strength and scratch-resistance, but with a reduced weight.  The lighter weight allows active men to partake in all daily activities without thinking about removing their ring or having it get in the way. 

The collection includes traditional styles as well as rings with a pop of color on the inside and edge.  These “Sport Collection” rings are available in four colors: Arctic White, Midnight, Electric Blue, and Fire Red. The entire TungstenAIR collection consists of 30 different styles of scratch-resistant men’s bands, including 24 rings in the Sport Collection. 

 

Triton TungstenAIR can be found at authorized retailers via www.TRITONjewelry.com.

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Synchrony Financial Forecasts Moderate 2014 Holiday Sales Growth

Holiday sales this year are expected to grow 3.5 percent, according to Synchrony Financial, a consumer financial services company with 80 years of retail heritage. 

This estimate is in line with the 10-year historical average of 3.3 percent. Seasonally adjusted sales for November and December 2013 were $505.5 billion, and 2014 sales are expected to top this figure by more than $17 billion. This includes all online and offline purchase made in core retail categories.* 

This outlook for the 2014 holiday season is based on a number of indicators such as unemployment, gas prices, private residential construction, as well as non-traditional indicators Synchrony Financial identified as effective in developing its forecast. 

In addition to a steadying labor market, long-term strength in key economic indicators of personal consumption expenditures, consumer credit, and residential construction have produced a supportive environment for advancing retail sales. 

This year, increasing access to consumer credit and improving home equity have helped consumers spend with confidence. Year-over- year through August, consumers made $64.5 billion more in retail sales purchases, after adjusting for seasonality.

“We developed our Holiday Retail Sales forecast, analyzing multiple factors that influence shopping across segments,” said Toni White, chief marketing officer of Synchrony Financial. “These findings are supported by research we conduct in other areas, which indicates consumers are confident, yet cautious in making purchases, and increasingly use digital tools to research, compare deals and buy.”

Retail sales have kept pace with the gradual strengthening of the broader economy. From January to August 2014, retail sales categories of Non-store/E-retailers and Health & Personal Care led percentage gains and are up 6.7 percent and 6.3 percent, respectively, year-over-year. Last holiday season, both of these categories had strong year-over-year performance, as did specialty retailers. 

Although it is yet to be seen which categories will lead holiday advances in 2014, results of Synchrony Financial’s recently issued third annual Major Purchase Consumer Study indicate that while consumer confidence is rising, value overwhelmingly drives a major purchase decision, with more than 88 percent of accountholders surveyed, indicating they “always seek the best deal.” 

Similar to last year, there is a shortened shopping period of 26 days between Black Friday and Christmas 2014, compared to 31 days in 2012. This impact to the full two-month holiday sales period is mitigated by consumers’ shift to online and mobile shopping. The accessibility afforded by these channels has reduced delayed purchases of hard-to-find products and late season, in-store deal shopping. 

 

For the full fourth quarter of 2013, e-commerce sales accounted for six percent of total retail sales, and were up +15.7 percent from the previous year

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Winners Announced for Pascal Lacroix Grand Giveaway

Pascal Lacroix has announced the winners of the Grand Giveaway drawing, held to celebrate his 35 years as a successful designer, and designed to give back to the clients and retailers that have supported him these many years.

Participants in the Grand Giveaway registered via Facebook and on the microsite www.pascallacroix/lucky, between September 26 and October 14, 2014.

Charron McLeod, a client of Lasker Jewelers located at 101 First Street S.W., Rochester, MN is the lucky recipient of a beautiful Pascal Lacroix bracelet from the new Weave collection. 

Meticulously crafted with Pascal’s signature hidden clasp and hinge, the winning bracelet is created in 14 K yellow gold set with 22 diamonds totaling 1.30 carats in weight.  The Grand Giveaway first prize bracelet has a retail value of over $8,000. 

As a special thank you for sharing the Grand Giveaway with their clients, Lasker Jewelers will also receive a second Pascal Lacroix bracelet from the new Weave collection.

“Pascal’s Grand Giveaway was an ingenious way to both launch a new line, and thank his loyal business partners who appreciate his talent and craftsmanship,” stated Bob Church, manager of Lasker Jewelers.  “It was also a fabulous reason for us to reach out to our own clients, drive traffic to the store and generate customer loyalty.  Truly a Win-Win-Win.”

For more information, see www.pascallacroix.com.

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Jewelers for Children Awards $100,000 in Local Grants

Jewelers for Children has announced the winners of their 2014 Local Grants program.

JFC set aside $ 100,000 to be used for ten $ 10,000 grants to local organizations. Industry members had the opportunity to nominate a local organization to receive one of these grants. The winners were selected by a Facebook based voting campaign that ran from October 6-19.. Nearly 18,000 visitors voted over the two-week period.

The winners are:

Matthew's Giving Tree, nominated by Kay Cameron Jewelers

Children's Heart Foundation, nominated by the American Gem Society

Plant A Seed, Inspire A Dream Foundation, nominated by David Craig Fine Jewelry

Junior League of Baton Rouge, nominated by Lee Michaels Fine Jewelry

Kenny Rogers Children's Center, nominated by Bo’s Jewelry and Paw

Camp Sunshine, nominated by Day’s Jewelers
University of Wisconsin American Family Children's Hospital, nominated by Goodman’s Jewelers

Gio's Garden, nominated by Bauer Jewelry Designs
Fanconi Anemia Research Fund, nominated by Morrow HR

North Kitsap Fishline, nominated by Dahlquist Fine Jewelers

Jewelers for Children will send checks to the nominating organizations, who will be able to present them to their respective, winning charities. A sample media alert and press release will be included allowing the nominating organization to garner local press for themselves and the charity.

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Todd Reed Nominated for GEM Award

Todd Reed has been nominated for the jewelry industry’s most esteemed honor, the GEM Award, in the Design category.

The GEM Awards, which will take place in a live ceremony on January 9, 2015 in New York City, “honors the achievements of individuals and companies whose work raises the visibility of fine jewelry and watches in the categories of: Design, Media Excellence and Marketing & Communications.”

Todd Reed joins the ranks of celebrated designers Alexis Bittar and Stephen Webster. “I am so honored to be nominated among the most distinguished in the field for this most prestigious award,” Reed said. Truly unique and individual in every aspect, approximately 68 percent of his business is custom. Reed’s timeless pieces are all handcrafted and finished in 18K gold, palladium, platinum, and silver in his Boulder, CO and Venice, CA studios. Reed stills works one-on-one with clients to create a special, one-of-a-kind piece of jewelry.

Reed’s love for art and design is also illustrated through his many museum affiliations, including the Denver Art Museum, where he has created exhibits for events benefiting the Design Council. His work has also been featured in the “Variations on a Theme: 25 Years of Design from the AJDC” exhibit at the Forbes Gallery in New York City, and his first solo exhibit will be opening at the Boulder Contemporary Museum of Art (BMOCA) the last week in October.

For more information on the Todd Reed fine jewelry collection, please visit www.toddreed.com.

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Interactive Appraising Seminar Takes Place Online Today, Oct. 21

The GIA Alumni Association Minnesota / Twin Cites Chapter invites all to participate in a global event with Appraisers International Society founder and president, Elly Rosen. “The 21st Century Professional Gems & Jewelry Valuer & Appraiser: Profits vs Pitfalls in Professional Appraising.” This is first-ever global event for a GIA Alumni Association Chapter takes place from 8 to 9:30 p.m. EST on Tuesday, Oct. 21.

Those unable to attend in person are invited to attend, view and participate live online via AISociety GoToTraining audio-visual technologies (used since 2011 for AiCertification’s global courses.)

The seminar will highlight:

  • New global standards for appraisal information service providers
  • Corrective gemology for gem and jewelry valuation and appraisal
  • Application of valuation principles to gems and jewelry specific procedures and methodology
  • Valuation and value related appraisal services for consumer and professional clients

The cost to attend the event live online is $35. GIA Alumni Members globally may attend at a reduced rate of $25 using the code: giaaa in the payment code field during registration.


To register, click here.



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GIA Team Studies Emerald Production in Zambia

In September 2014, a team of Gemological Institute of America field researchers journeyed to Zambia to collect emerald samples for the Institute’s gem identification database and to document the current state of Kagem, the world’s largest emerald mine, located in the Kafubu mining area.

Since Gemfields, the publicly-traded gemstone mining company, acquired the open pit mining operations six years ago, ore mining has increased from 3,000 to 8,000 tons per month and rock handling has increased from 125,000 to 750,000 tons per month.

Field Gemologists Vincent Pardieu and Andrew Lucas, Gems & Gemology technical editor Tao Hsu, videographer Didier Gruel and expedition guest Stanislas Detroyat made up the research team. “I’ve visited numerous colored gemstone mining operations throughout the world, but one of this size, modernization and organization really gives a visual of the changes that may be coming to our industry,” said Lucas.

“Standing in front of the pit is like looking at a geological textbook,” added Detroyat. By combining an understanding of the geology with professional mining methods, Gemfields has turned Kagem into a profitable operation. In July 2009, its first high-grade rough emerald auction achieved $4.4 million, and in February 2014, $59.31 million.

Along with a standardized grading system for emerald rough and an auction platform, environmentally sound practices and community outreach programs have revolutionized the mine-to-market gemstone business. In-pit dumping ensures that the environmental liability is kept as low as possible, while increased exploratory drilling, mapping of pegmatite and talc magnetite schist, resource calculations and mining software have improved the technical output of the mine.

Following the visit to Kagem, Pardieu, along with Detroyat and Gruel, continued on to additional Zambian emerald mines to collect comparative samples. At the small mining operation of Musakashi in the Solwesi province, the team confirmed the existence of an emerald deposit with interesting internal features and color reminiscent of Colombian emeralds as reported in the summer 2014 issue of G&G. Meanwhile, several other operations in the Kafubu area, such as Miku, Dabuisha, Matenke and Benisa, are now run by Chinese companies.

“It was fascinating to visit and study the Kafubu emerald mining area, one of the oldest gemstone producing areas is Africa, and to witness the challenges faced by the local miners. In comparison to other gems, emerald is very difficult to mine since it’s mainly mined from primary deposits and production is technically much more challenging,” said Pardieu.

In keeping with its mission to ensure the public trust in gems and jewelry, GIA regularly conducts research field trips to important gem and jewelry centers around the globe, incorporating findings into research practices and education programs and providing information to the trade and public. GIA appreciates the access and information provided during these visits; however, they should not be taken as or used as a commercial endorsement. Findings from the Zambia field trip will be featured in an upcoming issue of G&G, as well as in field reports and video documentaries on www.gia.edu.

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Medical Facility Inaugurated in India

The Santokba Medical Centre, a state-of-the-art facility for medical care and treatment at Lathi Village was inaugurated by Shree Morari Bapu.

Set up at “Laljidada No Vadlo” (Meaning: Under the Shadow of Late Shree Laljidada – father of Mr. Govind Dholakia) Campus at Lathi Village in Gujarat State, the facility is a not-for-profit initiative by Govind Dholakia- Chairman, Shree Ramkrishna Exports, is aimed specifically for the free treatment of those who cannot afford it.

Patients will be treated at the subsidized rate, and the money that accrues will be utilized to support the institution. The rest of the center’s expenses will be covered by “Matrushri Santokba Laljibhai Dholakia Charitable Trust”.

The center has the best of technology, equipment and treatment protocols, and these have been put in place in consultation and collaboration with specialists. SRK running Many Medical & Educational centers since Many Years under its umbrella, undertook an initiative to acquaint remote area with best of life saving Treatment & technology at almost negligible cost.

Shree Morari Bapu said, “It is very difficult to do business as well as service to society at a time. Govindbhai is integrating both at its best. Whether it is Surat City Or this hometown, Govindbhai is always ahead in the queue when it comes to uphold the society.”

Govindbhai has been servicing society for the last three decades.

Govind Dholakia announced his intention to adopt 50 Children of the village, whose entire educational expense will be borne by him. He also allocated a special fund for supporting girls education, upliftment of widows and supporting needy women. Nearly 200 people were benefited by this initiative.

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Jewelers for Children Donates to Ebola Effort

Jewelers for Children has made a $ 100,000 donation to Save the Children’s Ebola Children’s Relief Fun to support efforts in fighting the deadly disease.

JFC received pledges from donors including Sterling Jewelers, Pandora, JCPenney, Jewelers Mutual Insurance Company and Hearts On Fire to assist with this support.

“Everyone is concerned about the rapid spread of the virus in Africa and so many children have died and many more are now orphans. said Ruth Batson, JFC board chair. “Our generous industry has once again stepped up to help in a crisis where children are involved.”

Save the Children, the Wilton, CT based non-profit dedicated to creating lasting change in the lives of children in need, has been a JFC recipient charity in the past following the devastating Asian tsunami, the earthquake in Haiti, and the tsunami in Japan.

Save the Children has been on the ground in Africa since the crisis began, building treatment centers, supporting the orphans, and conducting education on preventing the spread of the virus.

“With the on-going support of this great industry, JFC will be making a difference in the lives of the children involved in this tragic event. We know of no better organization that Save the Children to represent the industry’s support in the relief effort,” added Batson.

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24 Karat Club Honors Karen Signorino

Karen Signorino was presented with the 2014 Excellence in Service Award by the 24 Karat Club of Southern California during the club's annual gala on October 11 in Marina del Rey.

Signorino is a well-respected member of the jewelry industry and currently serves as regional sales director for JM Insurance Services, LLC, a subsidiary of Jewelers Mutual Insurance Company in Neenah, WI. She has been an agent with the company since 1978.

"Karen Signorino is so deserving of this recognition," said Darwin Copeman, president and CEO of Jewelers Mutual. "This past spring we had the chance to recognize her as one of the first inductees to our Agent Hall of Fame, and it's wonderful to see her recognized for her life's work in the jewelry industry as well. She is a tremendous asset to everyone she works with, and she should be proud of all she has accomplished."

Upon learning of the honor, Signorino described herself as shocked, "but honored beyond belief." She went on to say, "Being selected for the Service Award from the 24 Karat Club was a total surprise. I am lucky because my career allows me to do what I love, working with the jewelry industry and Jewelers Mutual."

Signorino began her career representing jewelers working for a small independent agency, McNary and McNary. In 1984, George McNary sold his agency to Marsh & McLennan, Inc. and she continued her career serving the jewelry industry, while employed by Marsh.

In 2000, Jewelers Mutual Insurance Company purchased Karen's book of business which helped launch Jewelers Mutual's subsidiary, JM Insurance Services, LLC. With Signorino's sales leadership, the agency has expanded beyond California to serve jewelers in seven additional states including Arizona, Idaho, New Mexico, Washington, Alaska, Minnesota and Wisconsin.

As her career progressed, she achieved many professional designations including CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor) and CRM (Certified Risk Manager).

Karen Signorino has is a devoted member of numerous industry organizations and serves on the Board of Directors of The Jewelers 24 Karat Club of Southern California and the California Jewelers Association. She is also a member of the Women's Jewelry Association, Northern California Chapter. In addition, she supports numerous charities and community service organizations.

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Midas Chain Launches New Collection

Midas Chain has launched the East2West Mini Collection. This is the spinoff from widely successful full size version. These pieces have been created in the Midas tradition of the hottest styles that customers desire.

The collection comes in 14k yellow, white or pink Gold and Sterling Silver in both necklaces and bracelets. They include the extremely popular engraveble Bar Nameplate, Sideways Cross, Infinity and many more.

“We have had such a positive response to this line, especially since so many women love to buy multiple layers and colors of each style, which keeps traffic coming into jewelers’ stores. Everyone couldn’t get enough of the original collection, so we created the miniature size version.” said Roy Merlucci, VP Sales of Midas Chain. 

The unique details and craftsmanship of this collection are done with the highest level of standards and quality, which has always been a symbol of an original Midas product. The complete line includes many unique styles and designs that can be seen in the all new over 300 page Midas catalog.

The new catalog includes necklaces, earrings, bracelets, chains and much more. Some of the exclusive collections included in this year’s beautiful counter top reference are East2West, LightZ, Fengari, Officially licensed NFL and 4YR Spirit college jewelry, and of course Midas Gold & Silver as well as many others.

 

Visit the website at www.midaschain.com.

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Luxury Jewelers Resource Group Selects Raymark

The Luxury Jewelers Resource Group, a consortium of privately-owned and independent jewelers, has unanimously selected Raymark’s end-to-end suite of solutions for Point of Sale (including mobile), Clienteling, Merchandising, Replenishment,Open-to-Buy Planning, Purchasing, Repairs, Reporting and Analytics. 

The banners include Fink’s Jewelers,Hamilton Jewelers, Hyde Park Jewelers, Lee Michaels Fine Jewelry, London Jewelers, Lux Bond & Green, Tapper’s Diamond & Fine Jewelry, Tivol and Traditional Jewelers. 

Raymark’s ability to cater to the jewelry vertical and to LJRG’s specific niche requirements led the banners to select Raymark from among twenty software solution vendors evaluated. “Raymark targets and understands luxury retail. They are the best suited vendor in the market to offer us a full solution suite that supports a jeweler’s end- to-end business requirements,” stated Tim Claire, COO of London Jewelers. 

In addition to Raymark’s technology and industry expertise, LJRG’s final selection was very much based upon the cultural fit between the two organizations. “Our partnership with Raymark is based on our shared values of integrity, trust and professionalism,” confirms Lori Greenblatt, Director of LJRG. 

Raymark’s holistic and real-time solution will provide each LJRG select member with a 360o view of its customers and business operations across all channels. As a true integrated omni-channel retailing solution, the LJRG select members will improve organizational efficiency by automating processes related to key areas such as customer orders and repairs, access centralized data, and manage and track inventory across stores and e-commerce. “The ability to support serialization as well as repair tracking for jewelry was crucial in our decision to partner with Raymark,” said Todd Stafford, VP Information System of Fink’s Jewelers. 

“On behalf of the entire Raymark team, we are extremely honored to have been chosen by LJRG. Our continued expansion in the jewelry vertical is strategic for Raymark and we look forward to growing our partnership with each of the LJRG members towards mutual success,” said Marc Chriqui, President of Raymark. 

 

To learn more, visit www.raymark.com/about.

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Diamond Empowerment Fund Adds Prager and Wong to Board

The Diamond Empowerment Fund is has added two global industry leaders to its board of directors: David Prager, Head of Corporate Affairs for the De Beers Group of Companies, and Kent Wong Siu Kee, Managing Director of Hong Kong-based Chow Tai Fook Jewellery Group Limited. 

David Prager lends D.E.F his insight into the expectations of consumers and the corresponding pressures on production. His work across geographies and with a diverse set of stakeholders that includes civil society, media and governments will be especially helpful as D.E.F expands its ‘diamonds do good’ mission to global communities.

“Diamonds are a finite resource, pushing us to ensure we are using them to add value to the communities we work in, the infrastructure we rely on, and the colleagues we work with. Since its founding, D.E.F has helped the industry shine a light on the positive role diamonds play in the journey from mine to finger – enabling consumers to be proud of the diamonds they own,” states Prager. 

Kent Wong broadens D.E.F’s worldwide representation to the important, and growing, diamond and jewelry sector in Hong Kong and Mainland China. A veteran with substantial experience in both operations and management in the jewelry industry, Wong was named one of the “25 Influential Chinese in Global Fashion” by world-renowned business magazine Forbes in 2012.

An active leader across Hong Kong and mainland China’s industry associations, Wong supports the mission of D.E.F. “As a vertically integrated jewelry retailer that is active in all aspects of the diamond and jewelry supply chain, we understand the importance of supporting communities along the diamond’s journey. I am eager to help further extend D.E.F’s mission and communicate to consumers around the world these good works,“ he says.

Phyllis Bergman, president of the D.E.F. board of directors and CEO of Mercury Ring, is thrilled by the global diversity of D.E.F’s board. “With the addition of David and Kent on our board, D.E.F is truly representative of the global diamond and jewelry industry.”

D.E.F’s existing board includes: Phyllis Bergman, President, CEO Mercury Ring; Lita Asscher, President, Royal Asscher of America; Nicola Breytenbach-Steiner, Actress, Philanthropist; Cathy Calhoun President, Calhoun Jewelers; Meir Dalumi Director, Dalumi Group; Dylan Dix, Marketing Director, Crossworks; Peter Engel President, Fred Meyers Jewelry; Rebecca Foerster E..V.P, Leo Schachter Diamonds; Ellen Haddigan ED, Society of Sloan Kettering; Edward Hrabak President, Sterling Jewelers, Inc.; Michael Kaplan President, Rocket Redbox; Anna Martin Senior Vice-President of Global Development, GIA; Kaushik Mehta, Chairman, Eurostar Diamond Traders; Sally Morrison, Co-Founder, Managing Director, World Gold Council; Scott Rauch Co-Founder, President, SHR Jewelry Group; Bruno Sané General Manager Marketing, Rio Tinto Diamonds; Hedda Schupak Editor, The Centurion Newsletter; Varda Shine, Co-founder; Elliott Tannenbaum Partner, Leo Schachter Diamonds; Jean Paul Tolkowsky President, Exelco; Yancy Weinrich Group V.P., JCK; Jaci Wilson-Reid Philanthropist 

 

ADVISORY BOARD Russell Simmons Co-founder, CEO Rush Communications; Dilip Mehta CEO, Rosy Blue Group; H.E. Festus G. Mogae Former President, Republic of Botswana; Linah Mohohlo Governor, Bank of Botswana.

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The IDEX Online Polished Price Report for October 15

The volume of price changes in round diamonds again rose this week. Most of the activity was negative, but there were strong rises in the two largest categories of stones, according to the weekly IDEX Online Price Report.

A wide range of price changes in fancy shape diamonds this week with a bias to the positive.

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

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

Rounds

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

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts H / SI2 -2.6% to $1,850 p/c

  • 0.40-0.44 cts no changes

  • 0.45-0.49 cts a wide range of decliners

  • 0.50-0.69 cts L / I1 -4.6% to $1,050 p/c

  • 0.70-0.79 cts just two changes, both downwards

  • 0.80-0.89 cts M / VVS1-VS1 declines of 2%

  • 0.90-0.99 cts several declines in mid-colors/clarities

  • 1.00-1.24 cts many declines in better colors/clarities

  • 1.25-1.49 cts E / VVS1 -3.0% to $16,300 p/c

  • 2 cts N / SI1 +2.3% to $4,400 p/c

  • 3 cts mostly declining

  • 4 cts K / SI3 increases of 3-4%

  • 5 cts K-N / SI3-I2 rises of 2-4%



Fancy Cuts

 

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

  • 0.23-0.29 cts G / IF-VVS2 rises of 3%

  • 0.30-0.39 cts J / VS2 -5.0% to $950 p/c

  • 0.40-0.44 cts E / SI1 +2.6% to $1,950 p/c

  • 0.45-0.49 cts just two changes, both upwards

  • 0.50-0.69 cts F / IF +2.6% to $4,000 p/c

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

  • 0.80-0.89 cts several decreases, one riser

  • 0.90-0.99 cts D / VVS2 -2.7% to $720 p/c

  • 1.00-1.24 cts two risers and two decliners

  • 1.50-1.99 cts H-I / IF rises of 1-2%

  • 2 cts many increases in lower colors/better clarities

  • 3 cts M-N / VS1 rises of 2%

  • 4 cts G / VS1 +2.9% to $28,600 p/c

  • 5 cts L / VS2 +2.6% to $7,800 p/c

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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The IDEX Online Polished Price Report for October 23

There was a steep decline in price change activity in round diamonds in general this week, however the smallest and the largest categories of stones saw many changes, according to the weekly IDEX Online Price Report.

In fancy shape diamonds, there was a very low level of activity with a more than usual number of categories that were completely unchanged. Changes overall were 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 / IF-VS1 declines of 2-3%

  • 0.23-0.29 cts just two changes, one up and one down

  • 0.30-0.39 cts unchanged

  • 0.40-0.44 cts no changes

  • 0.45-0.49 cts L / VS1 +3.1% to $1,650 p/c

  • 0.50-0.69 cts M / VS2 -2.9% to $1,650 p/c

  • 0.70-0.79 cts K / SI2 -2.6% to $1,850 p/c

  • 0.80-0.89 cts M / VVS1-VS1 declining by 2%

  • 0.90-0.99 cts unchanged

  • 1.00-1.24 cts several declines in higher colors/clarities

  • 1.25-1.49 cts declining

  • 2 cts declines in better colors/clarities

  • 3 cts a wide range of decreases

  • 4 cts H / SI2 -2.7% to $14,600 p/c

  • 5 cts L-N / SI2-I1 increases of 2-4%

Fancy Cuts

 

  • 0.18-0.22 cts F / VVS1 +4.2% to $1,250 p/c

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts no changes

  • 0.40-0.44 cts unchanged

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts unchanged

  • 0.70-0.79 cts K / VS2-SI1 declines of 2-3%

  • 0.80-0.89 cts no changes

  • 0.90-0.99 cts two decliners, one riser

  • 1.00-1.24 cts declining

  • 1.50-1.99 cts H / VVS1-VS1 declines of 2%

  • 2 cts M / SI1-SI2 rising by 3%

  • 3 cts unchanged

  • 4 cts G / VS1 +3.2% to $29,500 p/c

  • 5 cts D-F/ VS2-SI1 declines 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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Duclos Offers Holiday Pre-Pack

Frederic Duclos is offering a new pre-pack that is available just in time for the holidays.

The jewelry is selected from the company’s best selling pieces of 2014.

The new assortment includes over $410 worth of complimentary displays to insure the best merchandising possible.

Wholesale cost is $2,586.

Call 866-898-3636 or email info@FredericDculos.com for more information.

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Larry Pelzel Honored with GEM for Lifetime Achievement by JA

Jewelers of America has announced that Larry Pelzel, Vice President and Divisional Merchandise Manager, Precious Jewels of Neiman Marcus, will be the recipient of the GEM Award for Lifetime Achievement at the 13th annual GEM Awards on January 9, 2015, at Cipriani 42nd St in New York City.

The GEM Award for Lifetime Achievement is granted to an individual for an accumulated career’s worth of contributions to the fine jewelry and watch industry. Honorees set a standard of excellence that serves as an inspiration to industry colleagues.

“Larry has an eye for beautiful jewelry, a talent for discovering jewelry designers and an unwavering passion for the jewelry industry,” says Norman Miller, GEM Awards Chair. “His career is a shining example of everything the GEM Award for Lifetime Achievement stands for. We are honored to celebrate his contributions to the jewelry industry with this prestigious award.”

Larry has worked in the high-end luxury jewelry industry for over 34 years. Armed with a Marketing Degree from the University of North Texas, Pelzel understudied with some of the most highly regarded jewelers and designers, learning first‐hand about goldsmithing, design, appraising, buying, selling and merchandising.

He joined Neiman Marcus in 1980, and has since worked his way up from Sales Associate, Precious Jewels, to his current position of Vice President and Divisional Merchandise Manager, Precious Jewels. From Neiman Marcus’ flagship store in Dallas, he oversees all aspects of the Precious Jewels Division from buying, to the renowned in‐house Design Studio, to promotions and advertising. In 2012, Pelzel was inducted into The Retailer Jewelers’ “Hall of Fame” by National Jeweler.

In addition to the GEM Award for Lifetime Achievement, JA will present GEM Awards for Design, Marketing & Communications and Media Excellence. The winners for each will be announced live at the ceremony, which is considered the “Academy Awards” of the jewelry industry.

For details on GEM Award nominees and to purchase tickets and sponsorship packages, visit www.jewelers.org/gemawards.

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GIA Career Day Draws 600

More than 600 motivated aspiring professionals connected with 26 companies at Gemological Institute of America’s annual Jewelry Career Fair & Open House on Friday, Oct. 10.

Recruiters and hiring managers from globally recognized gem and jewelry companies including Ben Bridge, Helzberg Diamonds, Leo Hamel Fine Jewelers, Tiffany & Co. and Zale Corporation sought talent to fill hundreds of open positions ranging from retail sales and marketing to jewelry design and manufacturing.

Attendees at the free event also had the opportunity to view acclaimed gem and jewelry exhibits, hear from notable personalities during three panel presentations, visit the world’s largest gemological library, and take part in gem and jewelry education demonstrations.

“The global gem and jewelry industry today is dynamic and progressive, yet remains rooted in traditions of craftsmanship, design, service and passion,” said Susan Jacques, GIA’s president and CEO.

“At GIA’s Jewelry Career Fair, job seekers eager to launch or enhance a wonderful career have a singular opportunity to meet with an expansive range of companies. The event offers a unique insight into just how amazing this industry is.” 

The event kicked off with “Job Success in Today’s Market,” a panel presentation moderated by Jacques. Panelists Alan Bell, president of Rio Grande, Inc., a Berkshire Hathaway Company; Martin Katz, founder and CEO of Martin Katz, Ltd.; Tanya Parikh, director of jewelry manufacturing and sales of K.R. Gems & Diamonds Int’l and Eighternity; and Cathryn Ramirez, group director of Tiffany & Co. in San Diego, gave insight into their personal journeys to success.  

“The world will get flatter; jewelers can sell to anywhere and consumers can buy from anywhere. The world is now your neighborhood,” said Bell. “But skill, talent and determination are not going out of style and will never be obsolete.”

During the afternoon panel “From Design to Finish,” industry veterans explored the world of design and manufacturing. Erica Courtney, designer and president of Erica Courtney, Inc.; Lisa Nikfarjam, president of Lisa Nik, Inc.; Jim Tuttle, founder and CEO of Green Lake Jewelry Works; and JJ Williams, president and designer of JJ NUMBER 8, joined moderator Victoria Gomelsky, editor-in-chief of JCK magazine, for the rousing discussion.  

“We’re honored to host such vibrant and captivating professionals at Career Fair,” said Kathryn Kimmel, GIA senior vice president, CMO and co-founder of the GIA Jewelry Career Fair. “Their drive, creativity and commitment to ethics resonate with attendees, impacting the next generation of gem and jewelry professionals.” 

Closing out the day’s events was a charismatic panel on “Creative Careers” moderated by Mark Smelzer, publisher of JCK Magazine and JCK Online. Panelists George Blodwell, celebrity stylist; Au-Co Mai, president and CEO of Emitations.com; Steven Mindel, managing partner of Feinberg, Mindel, Brandt & Klein, LLP; and Sonny Sethi, CEO of Tara Pearls, highlighted some of the imaginative and resourceful ways to succeed in the world of gems and jewelry.  

GIA hosted its first Jewelry Career Fair in 1991 in Santa Monica, Calif. Since then, the event has expanded and linked gem and jewelry companies with future employees at more than 50 events in India, and in Las Vegas, New York and the GIA world headquarters in Carlsbad, Calif. The free jewelry event marks the only time each year that GIA’s coastal 30-acre campus is open to the public without appointment. 

 

For more details, visit www.careerfair.gia.edu or email careerfair@gia.edu.

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Gesswein Promotes Two

Gesswein has announced the promotion of Sekou Williams to Operations Manager of their Bridgeport, CT distribution facility.   

A seventeen-year Gesswein associate and former warehouse manager, Williams will now be responsible for all aspect of Gesswein USA order entry, customer service and fulfillment.  

 

Jessy Toro, a fourteen year Gesswein associate, was also moved to the position of jewelry sales administrator where she will devote additional attention to telesales and trade and dealer show activities.

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Gem & Jewellery Export Council Issues Statement on Closing of Antwerp Diamond Bank

“News articles stating diamantaires offering discounts of 5 percent-20 percent is not only false but also baseless, with news being reported without substantial understanding of the functionary guidelines of bank’s trade with the diamond industry and without adequate and right feedback from the industry pertaining to the issue.

“Closing of ADB does not have any immediate direct impact on the trade neither has it created an overnight liquidity crunch as stated in the news reports. Any International Bank while closing down provides an adequate time period for their clients for repayment of loans and does not demand an overnight settlement. In case of ADB it provides a minimum period of one year to their clients in India and similar if not more period to the clients in Antwerp and other centres which is adequate for the trade, and gives no reason to emerge in a havoc scenario as wrongly stated. 

For the diamond jewellery industry, the mood is upbeat with the coming festive season with sales progressing as the season approaches. The industry witnesses largest sales during the period of October to December annually for Diwali and Wedding season and the thanks giving during Christmas.

India consumes Diamonds worth $2 billion annually and exported Cut & Polished Diamonds worth $19,635 Million in FY 2013-14. 

With US markets on the rebound and European markets steadying up after some turbulent times, in no circumstances trade has ever offered a discount of even 5 percent-10 percent in the past, neither is expected to offer such steep drop in price in near future or resort to any distress selling, as there is currently no reason for the same. GJEPC Chairman Vipul Shah, states, “The long term fundamentals of the diamond industry remain strong and robust as there are no new major finds and the sales of diamond is growing in emerging markets of China and India. The raw material /Rough Diamond prices by DTC has gone up by 3 percent-5 percent while the Russian goods have witnessed an increase of 2 percent-5 percent in the recent past. This only adds up to the Diamond and Diamond Jewellery prices due to which they witness an upward trend in the coming festive season and in the future. 

 

“India is the largest consumer of gold and soon emerging as the largest consumer of diamonds globally. Both domestic and global markets show a positive sign in the coming festive, wedding and thanksgiving season. Diamond traders in India are upbeat and look forward to robust business in this quarter.” 

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Hong Kong Jewelry Show Records Record Attendance

The September Hong Kong Jewellery & Gem Fair capped its 32nd edition on September 21 with record-breaking numbers: 3,695 exhibitors from 49 countries and regions and a total of 59,116 unique buyers from 157 countries and regions, roughly a 12-percent growth. 

“Today, the September Fair is the most influential business-to-business jewellery trade event where the most engaged jewellers in the industry access premium quality buyers,” said Celine Lau, director of Jewellery Fairs, UBM Asia.

“It is the ultimate platform for lobbying and agenda-setting for the industry, and for discovering the products and ideas that excite the jewellery market. Moreover, it brings global players together for a thoughtful dialogue.

 
“Demand for diamonds and gemstones was robust. The 17-percent growth in visitor numbers from Asia compared to last year’s edition tells us that the region continues to be the key driver in the world’s jewellery market.

 

“Response to the September Fair has been overwhelming; buyers from the Middle East have increased by about 25 percent, India has increased by about 24 percent and mainland China up by about 23 percent. We also noticed growth in the number of buyers from other markets, including Africa about 19%, North America about 12 percent and Europe about 6 percent.”

 

  • Below is a breakdown of visitor numbers at the Fair, held at the AsiaWorld-Expo from 15 to 19 September and the Hong Kong Convention & Exhibition Centre from 17 to 21 September:
  • The total number of unique visitors (count once in the entire fair period) over seven days reached 59,116. These visitors came from 157 countries and regions in six continents. More than 131,700 visits were recorded during the Fair.
  • Hong Kong-based visitors totalled 17,079, accounting for roughly 30 percent of the total number of visitors. The rest of the visitors: 42,037, or roughly 70 percent of the overall total, were from overseas.
  • Top 10 sources of visitors: the largest group of visitors from outside Hong Kong region came from mainland China. At 18,310, this edition marks the first time the number of visitors from mainland China surpassed the number of Hong Kong-based visitors. Hong Kong region follows with 17,079; India, 3,867; the United States, 2,211; Taiwan region, 1,776; Thailand, 1,768; Japan, 1,466; the Philippines, 1,093; Korea, 1,075; and Indonesia, 920.
  • The Top 5 countries with highest increase in the number of visitors are:

During the September Fair period, eight seminars, one diamond auction, one pearl auction and some special events, six conferences were held at AWE and HKCEC.


Exhibitor’s Quotes

“We met over 20 new quality local and international buyers at the show. We noticed more buyers from Europe compared to last year. The visitor profile is broad; the fair's large scale is impressive. We closed many profitable deals during the fair. It’s definitely the best B2B jewellery trade event in the world. We will participate in June and next September editions in 2015. We are also considering participating in the Shanghai Fair.” -- Roongsalk Treerojanan, General Manager of Veerasak Gems, a ruby and sapphire wholesaler from Thailand, an exhibitor at the Fine Gem Pavilion at AsiaWorld-Expo

“Serious buyers visit the September Fair so we can't afford not to participate. The fair is bigger than before and the quality of visitors is imposing. We are satisfied with the business we made, which is more than twice than the previous year. We will participate both the June and the September editions in 2015.” -- Dinesh Vaswani, Buyer at Duarte & Bastos, a gemstones manufacturer and wholesaler from Brazil and exhibitor at the Gemstones Pavilion at AsiaWorld-Expo.

“We are a long-term exhibitor at the September Fair and totally agree that this fair is very important for all professional traders. Most of our top management come to the September Fair to network and learn from esteemed industry experts. We saw a significant growth in the number of visitors from mainland China and North America.  We will certainly participate again next year, as well as in the Shanghai Fair.” -- Ramesh Virani (Maldar), Managing Director of HINI Star Ltd, a manufacturer and wholesaler of diamond from India, an exhibitor in the Diamond Pavilion at AsiaWorld-Expo.

“The September fair is the world’s largest jewellery event. The visitor profile is excellent and organiser services are brilliant. We got orders from mainland Chinese buyers and met some potential buyers from that market as well. We will continue to support the September Fair and also participate the June edition next year.” -- George Lu, Manager of Chii Lih Coral, a wholesaler of coral from Taiwan region, an exhibitor in the Gemstones Pavilion at AsiaWorld-Expo.

“This is my first time to participate in the September Fair. I met some Asian buyers, particularly from mainland China and India. The fair is getting bigger and it’s a good platform to explore Asian markets. The excellent organiser’s service and product sectorisation impressed us most. The September Fair is definitely the world’s leading B2B jewellery trade event. We will participate again in 2015.” -- Ruslan Futlikov, Director of Vlasta, a manufacturer of gemset jewellery from Ukraine, and an exhibitor in the International Fine Jewellery Pavilion at HKCEC.

“This is the 10th time we participated in the September Fair. We met many of our target buyers from Russian Federation. The fair is large and the security is good. The fair's website is informative so we visit it regularly for updates. We will join again the June and September editions next year.” -- Munisa Arif, Business Manager of Ivy Co Ltd, a wholesaler of diamond jewellery and gemset jewellery from New York, and an exhibitor in the Fine Design Pavilion at HKCEC.

“This is our first year at this Fair. We met many target buyers from the United States, mainland China and Hong Kong region. The September Fair is large and services available are helpful. We visit the fair's website frequently to keep pace with the fast-moving market.” -- Rafat Szyszko, Owner of Glitter & Eva Stone, manufacturer and designer of diamond jewellery from Poland, and an exhibitor in the Designer Arena at HKCEC.

“We met target buyers from United States, Italy and mainland China. The fair is large; its mobile app and fair website are user-friendly and informative. We will participate again next year.” -- Simona Pacifici, Production Manager at Roberto Demeglio, a manufacturer and wholesaler of diamond jewellery and jewellery timepieces from Italy, and an exhibitor in the International Premier Pavilion at HKCEC.

Visitor’s Quotes

“This is my sixth visit to the September fair. My priority was to visit existing and potential new suppliers. The quality and variety of products were very good and they were competitively priced. I am impressed by the shuttle bus service; it is very thoughtful of the organiser to provide it and the other range of services to buyers like me. The fair separates loose and finished jewellery, which is a brilliant idea. The mobile app is user-friendly; it helped facilitate my trip. I do think the September fair is the most influential B2B jewellery trade event. And from this excellent experience, I am planning to visit UBM’s Shenzhen, Shanghai and Jewellery & Gem Fair - Europe jewellery fairs, and definitely, I will visit the September fair again next year.” -- Marc A. Green, Vice Chairman of Lux Bond & Green from the United States.

“We visit this fair regularly. The show houses a lot of quality suppliers of diamonds and fine finished jewellery; services are good and we can acquire update market trends here easily. The product sectorisation makes it easy for us to locate products. We will certainly visit again next year, and consider visiting Jewellery & Gem Fair - Europe in 2015.” -- Suvarna Kadam, Director of Beauty Gem, Inc. from India.

“I have visited the September Fair many times to meet my existing and potential new suppliers of diamonds and fine finished jewellery. It’s certainly an excellent platform to find new suppliers, update myself with the market trends and to network. The organiser’s service is great, particularly the currency exchange service. I will consider visiting UBM’s jewellery fairs in Shenzhen, Shanghai and Jewellery & Gem Fair - Europe. And definitely, I will visit the September fair again next year.” -- Simon Phillips, Director of Lawrence Blunt Ltd from the United Kingdom.

“The September Fair always impresses me with the broad product variety and exhibitors’ profile. I was able to find new suppliers, meet existing partners, and update myself with the market trends via the insightful special events. I was also able to network. The product sectorisation, informative fair website, and user-friendly mobile apps assisted me in locating products. I will visit again, definitely.” -- Alex Jeyaraj, Sourcing Executive at Rosy Blue in Dubai.

“To see upcoming market trends and meet serious jewellery professionals, the September Fair definitely an event one can’t afford to miss. I met some suppliers of diamonds, fine finished jewellery, jewellery timepieces, equipment, packaging and technology from United States and mainland China; they have a wide range of good quality products. I will visit again next year and consider visiting UBM’s jewellery event in Shenzhen, Shanghai and Europe in 2015.” -- Massimiliano Arostinin, Director of Picador s.r.l. from Italy.

The Fair enjoys support from major international jewellery organisations including:

Advisory Board:

  • Hong Kong Jewellers’ and Goldsmiths’ Association  
  • The Hong Kong Jewellery and Jade Manufacturers Association       
  • Hong Kong Jewelry Manufacturers’ Association       
  • Diamond Federation of Hong Kong, China
  • Hong Kong Gemstone Manufacturers’ Association
  • Hong Kong Pearl Association

Sponsors:

  • The Gemmological Association of Hong Kong       
  • Hong Kong Gold & Silver Ornament Workers & Merchants General Union       
  • The Kowloon Pearls, Precious Stones, Jade, Gold and Silver Ornament Merchants Association

International Sponsors:

  • Gemological Institute of America
  • Antwerp World Diamond Center, Belgium
  • Fair Dates

    For more information, see

http://exhibitions.jewellerynetasia.com/9jg/.

 

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Baume & Mercier Unveils New Women’s Watch Collection

Baume & Mercier has unveiled a new women's watch collection, Promesse, its first new women's offering in nearly a decade. 

Promesse, a "promise" in French, is meant to inspire women to hold one and celebrate a special moment close to their heart with this beautiful timepiece. 

Promesse is now available at select retailers nationwide and at www.baume-et-mercier.com/en-us/home.html.  Prices for the Promesse collection start at $1,900.

To celebrate its launch, Baume & Mercier is launching a worldwide contest today, "Make a Promise," (makeapromesse.baume-et-mercier.com ) in search of the world's most beautiful "promise."

Like the promises that are now sealed in public spaces around the world with small padlocks, Baume & Mercier encourages everybody to share their own personal "padlock promise" to enter to win. The contest will run from October 10-November 10, 2014; winner will be awarded their very own Promesse.

"We're thrilled to be unveiling such a coveted collection, and what better way to celebrate it than with a worldwide contest. I'm truly looking forward to reading the submissions, for there are so many beautiful stories to be told and wishes to share," explains Rudy Chavez, President of Baume & Mercier North America." Visit makeapromesse.baume-et-mercier.com for more information and to enter.

Promesse draws its inspiration from more than 100-years of rich feminine heritage of Baume & Mercier while translating it in a contemporary way. Decidedly different due to its unconventional shape, Promesse features a unique look with an oval bezel nestled inside a soft, round case. 

Its sleek curves may be perceived as a visual interpretation rippling water, which is further enhanced by a mother-of-pearl bezel.  This 14-piece collection includes both 30mm and 34mm sizes in both steel and two-tone 18K red gold.  Available with or without diamonds, the collection also includes both quartz and automatic models on a bracelet or leather strap for every woman's taste.

While Baume & Mercier may be predominantly known for its men's timepieces, it was actually a woman who inspired the brand's original designs. In 1869, Louis-Victor Baume gifted his daughter Melina, a gold pocket-watch. From then onwards, the brand began creating iconic jewelry-watch models epitomizing the Art Deco period. Their designs and inspired shapes were to make them powerful symbols of female pride.

Since then, every decade has brought new design inspirations for women's watches.  The 1950's, known as the "golden fifties," brought "marquise" timepieces with "bangle" bracelets. The 1960's saw increased elegance and refinement and by the 1970's, the visionary House redefined the principles of women's timepieces by designing unconventional shapes for women's watches. It is the creativity of all these key periods that inspired the current Promesse design.

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Bangkok Gems & Jewelry Fair Marks Free Trade, AEC Connectivity

The 54th Bangkok Gems & Jewelry Fairwas officially launched under the theme “Power of Free Trade That Connects the World with Free Tax.” 

The event was applauded warmly by leaders of the region’s gems and jewellery industry from all 10 Asean nations plus 6 important trade partner countries, namely India, China, Japan, South Korea, Australia, and New Zealand.

The Gems, Jewelry and Precious Metal Confederation of Thailand and the Thai Gem and Jewelry Traders Association (TGJTA) again collaborated with thousands of international jewellers and powerful buyers to further strengthen Thailand’s leading position as the Asean’s hub of gems and jewellery.

The 54th BGJF was a five-day event that ran until Saturday September 13 2014 at the Impact Challenger Exhibition Hall in  Muang Thong Thani.  This much anticipated trade fair also hosted the 3rd ASEAN Gems and Jewelry Presidents’ Summit.    

Ms. Chutima Bunyaprapha-sara, Permanent Secretary of the Ministry of Commerce presided over the 54th Bangkok Gems & Jewelry Fair grand opening ceremony. She was accompanied by Mr. Vuthichai Duangratana, Deputy Permanent Secretary, Mrs. Nuntawan Sakuntanaga, Director-General of the Department of International Trade Promotion (DITP), and top executives of ministries and other government agencies. 

During the opening ceremony, Ms. Chutima firmly announced on stage that Thailand’s gems and jewellery industry is one of the nation’s most successful industries.  

The favourable factors which make Thailand a desirable destination for high quality gems and jewellery products are the high quality of the products themselves, neat craftsmanship, and the credible partnership that Thailand has offered to the world.

She added, “The Royal Thai Government has in place a number of policies and plans to promote the gems and jewellery industry from Thailand and retain our status as the “World’s Gems and Jewellery Hub.” And of course, the bi-annual BGJF event is one key strategy that always works wonders in demonstrating the outstanding capabilities of Thailand as one of the world’s major gems and jewellery fairs.” 

The Gems Jewelry and Precious Metal Confederation of Thailand (GJPCT), and the Thai Gem and Jewelry Traders Association under the leadership of Mr. Somchai Phornchindarak, are confident the 54th BGJF illustrates Thailand’s strong image as the region’s

leading provider of internationally recognized gems and jewellery products.  At the same time, the Fair promotes the country as the grand arena of world significance for this industry.

The 54th Bangkok Gems & Jewelry Fair, with the theme, “Power of Free Trade, Connect the World with Free Tax,” was launched with a strong message.  It proclaims Thailand’s unique position as a hub of Free Trade and as a gateway into regional gems and jewellery trade ahead of the AEC.  The fair welcomed delegates from the 10 Asean gems and jewellery industries and representatives from 6 important trade partners, India, China, Japan, South Korea, Australia, and New Zealand. 

In close cooperation with the Thai Gem and Jewelry Traders Association, the Royal Thai Government continuously exerts efforts to facilitate greater trade opportunities for Thailand’s gems and jewellery industry, according to Ms. Chutima.  She also stated that this effort is done in conjunction with eradicating existing obstacles to trade.   

“On top of that, the Government gives duty free privilege for traders in this fair as the theme suggests: ‘Power of Free Trade, Connect the World with Free Tax.’  

Gems and jewellery products traded here will be exempted from 20 percent import duties.  This is yet another proof of the government’s commitment to increasing the competitive edge of the gems sector, which then contributes to the development of the industry as a whole,” Ms. Chutima said.

According to the permanent secretary, the gems and jewellery industry is one of Thailand’s most successful industries.  From January to July 2014, it saw a growth of more than 19% from last year, generating in excess of US$6 billion.  Definitely, this is due to the high quality products, the neat craftsmanship, and the credible partnership Thailand has to offer.  The remarkable growth of Thai gemstones and jewellery demonstrates the intricate quality and beauty that reflect the rich artistic heritage of the Thai Kingdom.

The BGJF aims to promote the Kingdom as perfect platform to connect the Association of South East Asian Nations (Asean) to the world. The BJGF features a comprehensive array of precious products from thousands of leading exhibitors in gems and jewellery lines for the upcoming Asean Economic Community,  or AEC, in 2015. “The 54th BGJF will illustrate Thailand’s strong image as the region’s leading provider of internationally-recognized gems and jewellery,” the permanent secretary concluded.

For the much-anticipated integration of the region under the Asean Economic Community is close at hand.  To prepare the region’s gems and jewellery industries for the immense opportunities that will follow, Thailand hosted the 3rd ASEAN Gems & Jewelry Presidents’ Summit meeting.  This assembly of the region’s most powerful industry players and beyond aims to build cooperation and further develop trade within the region. 

Participants were highly impressed by the remarkable display of jewellery pieces, which reflected the spotlights on one of the longest catwalks Bangkok had ever seen.  The day concluded with the AEC Gala Dinner and Elite Model Look Contest final in the Royal Jubilee Ballroom. 

Mr. Somchai Phornchindarak, President of The Gems, Jewelry and Precious Metals Confederation of Thailand and the Thai Gem and Jewelry Traders Association, took part in the event with Mrs. Duangkamol Jiambutr, Deputy Director-General of the Department of International Trade Promotion of the Ministry of Commerce. 

The atmosphere was one of genuine friendship and cooperation. In honour of the 3rd ASEAN Gems & Jewelry Presidents’ Summit meeting, Elite Model organized the final round of the Elite Model Look 2014 in conjunction with the AEC Welcome Dinner. The event was co-organized by the Elite Model Management, the Tourism Authority of Thailand, BEC-Tero, True Visions, The Gems, Jewelry and Precious Metal Confederation of Thailand and the Thai Gem and Jewelry Traders Association. 

The Fashion Show in the Design Pavilion at the 54th Bangkok Gems & Jewelry Fair displayed the diversity and uniqueness of all the Asean countries by embellishing individual countries’ traditional costumers adorned with jewellery from the designers of The Colorful Ploi Thai Jewelry competition 

The best designs of the 2014 Colorful Ploi Thai Jewelry Creation were awarded by the President of The Gems, Jewelry and Precious Metals Confederation of Thailand and the Thai Gem and Jewelry Traders Association, Mr. Somchai Phornchindarak. The winners included the ‘Moon MuayPhom’ by Beauty Gems Factory, which was inspired by the floral hair pieces on Burmese women, exemplifying feminine beauty and grace.

The ‘Thailand Centre of AEC,’ by Dhevan Dara, connected all the aspects of Asean in one elegant piece with detailed designs representing all aspects of the Thai culture, economic and social life. The ‘Malai’ design, by Gem Production Co Ltd, exemplifies the welcoming spirit of Thai people to all Asean guests in the upcoming Asean Economic Community.

The Design Pavilion displayed not only the best designs and honourable awards of The Colorful Ploi Thai Jewelry competition, but featured the trending colours forecast for the fall and winter seasons of the year 2015/2016. The colours represent the return to nature. They also address the world, which is a constant source of colour inspirations despite today’s unlimited technology and innovation. It reminds us that we are earth-dependent, and the warmth and natural tone will be eternal.

Mr. Somchai Phornchindarak, President of The Gems Jewelry and Precious Metal Confederation of Thailand and the Thai Gem and Jewelry Traders Association, presided over the grand opening of the Jewel Alliance Exhibition. This special exhibit was put together by the Alliance’s members, and featured  diverse products ranging from gems to silver and gold jewellery.  It was the first appearance at the Fair by the Alliance and the exhibition comprised 10 booths. 

Mr. Suttipong Damrongsakul, Chief Executive Officer (CEO) of the 54th Bangkok Gem & Jewelry Fair, presided over the launch of exhibits by students of the Srinakharinwirot University.  Assistant Professor Dr. Kageeporn Wongpreedee of the university and Mr. Pornsit Sriorathaikul, Honorary Advisor to the Thai Gem and Jewelry Traders Association, took part in ribbon-cutting ceremony.  The exhibit was put together by Srinakharinwirot University’s fourth year students, who embraced the artistic form of “Mokume” to create wood-like patterns on various types of metal jewellery.  The exhibit was inspired by the theme “Time of Nature, Colours of Season, the World Never Stop Spinning.” 

The 3rd Asean + 6 Gems & Jewelry Presidents’ Summit  was a high point of the Fair. The outcome was highly successful as all regional leaders and the high level representatives from governments and the private sector further understood challenges facing each country respectively, and as a regional trading block.  All parties came closer to forming working relationships and agreed to continue the Asean Gems & Jewelry Presidents’ platform into the future.

Organized by The Gems Jewelry and Precious Metal Confederation of Thailand, and the Thai Gem and Jewelry Traders Association, and supported by the Department of International Trade Promotion of the Ministry of Commerce, the 3rd summit meeting was co-chaired by Mr. Somchai Phornchindarak, President of The Gems, Jewelry and Precious Metal Confederation of Thailand and the Thai Gem and Jewelry Traders Association, and Mr. Suttipong Damrongsakul, Chief Executive Officer of Bangkok Gems and Jewelry Fair and Chairman of the Organizing Committee of the 3rd ASEAN + 6 Gems & Jewelry Presidents’ Summit.  Present as honorary observer was Mrs. Duangkamol Jiambutr, Deputy Director-General of the Department of International Trade Promotion.

The meeting agreed to the set up the Asean Gems & Jewelry Promotional Committee, which comprises Cambodia, Myanmar, Philippines, Singapore, Malaysia, Hong Kong and Shanghai from China, India, Japan, South Korea and Thailand.  The DITP agreed to support this measure.  Thailand was elected as the Chair of the Committee with Malaysia and Philippines as 1st and 2nd Secretaries respectively. 

The 3rd ASEAN Gems & Jewelry Presidents’ Summit is the official convergence of the region’s gems and jewellery industry as well as trade partners China, India, Japan, South Korea, Australia and New Zealand.  It will prepare the industry for the upcoming Asean Economic Community that will take place next year, connecting Asean into a single region with more than 600 million people. 

During the summit meeting, all leaders exchanged ideas on how to push forward the industry to prepare for the Asean Economic Community. The Summit deliberated on issues including recent developments in gems and jewellery in each country, benefits of regional standards, and greater engagement by all participating countries.  The meeting agreed to set up the AEC Gems and Jewelry Website to provide information on the industry and to foster cooperation amongst member countries. 

Dr. Kitcharat Hirunyasiri, Director of The Gems, Jewelry and Precious Metal Confederation of Thailand, explained that at the moment, gems, jewellery and gold in each of the Asean + 6 countries are traded using different standards, resulting in unnecessary expenses and procedures when exporting to external markets.  Having common standards for gems, jewellery and gold in the region would not only reduce bottlenecks when dealing with important markets, such as the European Union, but would also improve confidence in the products from the Asean + 6 area.  He suggested that the group start with the hallmarking for gold.

Mr. Somchai Phornchindarak, President of The Gems, Jewelry and Precious Metal Confederation of Thailand and the Thai Gem and Jewelry Traders Association, proposed that since Thailand had been hosting the first three summits, in order to increase engagement, other countries should take turns to host summits in the future. 

The meeting commended Thailand for successfully hosting the first three summits and agreed to entrust Thailand to host the 4th summit in 2015.  Myanmar agreed to host the 5th Summit, followed by Philippines and Cambodia for the 6th and the 7th summits respectively.

The 54th BGJF was celebrated in style at the Thank You Party that is a long-standing tradition at the BGJF on the second day of every fair. The evening was special because it marked the “Pleasurable Thanks” by Mrs. Duangkamol Jiambutr, Deputy Director-General of the Department of International Trade. “On behalf of the government, I would like to express the sincere thanks for the TGJTA significant contributions toward the success of the 54th BGJF. All attention to detail, organization and planning were truly commendable. Every aspect from the good cooperation between the Government, TGJTA and the GJPCT; all were top notch. I also would like to give congratulations for this best event ever,” Ms. Duangkamol said. 

Mr. Somchai Phornchindarak, the President of The Gems Jewelry and Precious Metal Confederation of Thailand and the Thai Gem and Jewelry Traders Association also thanked the many distinguished representatives from the Thai Government and reassured Thai and international traders that he will galvanize BGJF into the perspective of the world. “Again, thank you very much all related partners who share the success of the fair. Every success of BGJF is backed by our distinguished partners who have combined their creativity, diligence, and passion to support Thailand’s position as the “World’s Gems and the Jewelry Hub” and the largest manufacturing centre for such products in the world,” President Somchai stated. 

The BGJF app is a totally innovative tool that allows visitors to search, browse and locate exhibitors via products, brands and category on the interactive floor plan, and experience the new Business Matching System via the mobile application and catch up the latest news and promotions at the BGJF on their mobile devices.

The Duty Free Privilege during the BGJF is applicable to all gems and jewellery items that are components for finished products imported and displayed during the fair. This Duty Free Privilege is the strategy to benefit buyers and traders during fair and helps the BGJF to continue being one of the leading gems and jewellery trade fairs in the world. 

The BGJF covers more than 100,000 sq m. of pillar-free space

in the Impact Challenger Hall 1-3 with full facilities and convenient transportation. The BGJF features more than 3500 booths in 8 categories namely; gemstones, diamonds, silver jewellery, gold jewellery, pearls, equipment and machinery, fashion jewellery and rough stones. Of those, there are exhibitors from 32 countries. 

The Design Pavilion is a signature highlight of the BGJF. Visitors can have a glimpse of future gems and jewellery designs by Thai and international designers, and view sensational fashion shows. At the 54th BGJF, the Design Pavilion addressed the new theme Ploi Thai Jewelry Creation The Spirit of Asean 2015 promoting Thai jewellery creation with Asean characteristics to the world. Also, the pavilion officially launched Thailand: Young Designers Award 2016, inviting promising students to present their ideas. Visitors to the pavilion were able to enjoy the glittering masterpieces from promising Thai designers who will rock the global industry with their skills.

Spearheaded by The Gem Jewelry and Precious Metal Confederation of Thailand and The Thai Gem and Jewelry Traders Association President Mr. Somchai Phornchindarak, the Zero VAT scheme provides great assistance for Thai and international gems and jewellery traders by reducing tax burdens to acquire high-quality raw materials for manufacturing in Thailand.

The Thai government’s Zero VAT initiative exempts the 7% Value Added Tax for all imports of rough gemstones and raw materials into Thailand for manufacturing. This government policy strengthens Thailand’s position as the ‘World’s Gems and Jewelry Hub’ and increases Thailand’s attractiveness as the world’s largest gems and jewellery manufacturing base. This special incentive is enthusiastically promoted by the Thai Gem and Jewelry Traders Association, the Department of International Trade Promotion and the Thai Revenue Department for all traders to import rough uncut gemstones for manufacturing in Thailand, on which only 1 percent tax would be paid when the finished product is sold within the Kingdom.   

Under the leadership of Mr. Somchai, the Thai gems and jewellery

industry has won several successful concessions against rigid bureaucratic regulations that pose barriers to trade. He has been able to convince the Thai government to issue policies that better aid the industry, such as the Zero VAT policy. The latest success was to convince the Customs Department to waive import duties for gems and jewellery products for the duration of the Bangkok Gems & Jewelry Fair with a 15-day grace period prior and after the fair. According to the new measure, all BGJF shows can enjoy Duty Free Zone status. The president said that all products under umbrella of the BGJF will receive exemption of duty.

The Thai Gem and Jewelry Traders Association, working in collaboration with the Gem and Jewelry Institute of Thailand (GIT), jointly organized the seminar “Ruby & Sapphire: GIT’s Threshold (Understanding the Quality Standards for Certification of Rubies & Sapphire)” during the 54th BGJF.

GIT Director Ms. Pornsawat Wattanakul introduced Assistant Professor Dr. Pongchan Chandayot, from the Asian University. Dr. Pongchan worked closely with GIT in research projects focusing on ruby and sapphire quality standards.  She delivered extensive knowledge on “no-limit” development and success in this field. The seminar outlined ruby and sapphire, the coloured stone grading project of GIT, plus criteria of grading, clarity and cutting.

Mr. Kasem Nitasnajarukul, the TGJTA secretary-general, introduced “Thailand’s Gems and Jewelry Guide Book 2014,” a significant guide that is an important milestone for the overall Thai gem and jewellery business. 

Mr. Sttipong Damrongsakul, Chief Executive Officer of the 54th BGJF, considers the fair a great success. “The fair would significantly propel Thailand to become the golden gateway to the gems and jewellery industry of the Association of South East Asian Nation — a region with over 600 million people. The turnout of exhibitors and buyers during this fair has exceeded previous expectations. This was partly due to the picking up of the world economy, as well as the duty exemption scheme at the fair. The waiving of the 20 percent import duty had brought the BGJF to the world’s attention. The scheme had helped to facilitate exhibitors to bring in more interesting products at very good prices, and that has attracted the best buyers,” Mr. Suttipong said.

Looking ahead to the 55th Bangkok Gems & Jewelry Fair in February 2015, The Gems, Jewelry and Precious Metal Confederation of Thailand and the Thai Gem and Jewelry Traders Association have laid plans to provide “First Class” experience for both observers and visitors.

The 55th BGJF is scheduled to take place from 24th to 28th February next year. According to GJPCT and TGJTA President, Mr. Somchai Phornchindarak, the 54th BGJF marks great success in several ways. Firstly, there was a greater turnout of international visitors. Secondly, the breakthrough in trade discussions in Asean gems and jewellery cooperation was made during the Fair. The theme of the 55th BGJF is “First Class” — Hand Selection of Colourstones That Are Tax-Free That Step Up to Asia’s Marketplace. This combines the very best aspects of the BGJF to worldwide buyers. 

The BGJF is now a trade platform for the very best gemstones and jewellery products that enjoy Duty Free Status, which waives the customary 20% import duty. Additionally, import of rough gemstones enjoy Zero Vat Privileges that allow the world’s best raw materials in gemstones to flow into Thailand during the fair.

 

With the success of the 3rd Asean +6 Gems & Jewelry Presidents’ Summit that was held during the 54th BGJF, the BGJF is capable of propelling Thailand to become a golden gateway to the gems and jewellery industries and markets of Southeast Asia and beyond.

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MJSA Presets Third Annual Conference at FIT

The Association for Jewelry Makers and Designers, will present its third annual MJSA ConFab conference Nov. 2 at the Fashion Institute of Technology in New York City. 

“Some of the jewelry industry's best business minds will offer what they know about running—and profiting from—a successful operation,” says David W. Cochran, MJSA president and CEO.

“From the basics of developing a business plan and a viable collection, to pricing, merchandising, and marketing, this year's ConFab will again feature the type of information that can be put to use directly and immediately by jewelry makers and designers who are new to our field.”

 

Among the topics and presenters for the 2014 conference:

  • In Business 101: The Basics Every Jewelry Business Person Needs to Know, Ben Janowski, owner of Janos Consultants and an experienced top management specialist and strategist in the worldwide jewelry industry, will help attendees understand current business conditions and what it takes to create a sustainable jewelry business. He’ll talk about the development of a business plan, criteria for product development, establishment of target markets, internal requirements, timelines, sourcing options, and financial and pricing basics. 
  • In Legal 101: A Jewelry Business Guide to Laws and Regulations, Suzan Flamm, senior counsel at Jewelers Vigilance Committee, the jewelry industry’s legal expert, will cover laws that impact the making and selling of jewelry. It will be an easy-to-understand introduction to legal compliance for jewelers, including: protecting intellectual property, marking precious metals, and creating legally compliant advertising. Flamm will also help attendees understand their anti-money laundering obligations, as well as the Kimberley Process for conflict diamonds.
  • Merchandising: Creating a Line That Sells, Cindy Edelstein, owner of the Jeweler’s Resource Bureau, will outline how designers can create an overall design concept, direction, and merchandise mix. Based on her long experience working with designers and seeing what works (and what doesn’t), Edelstein will share a plan for developing your own viable collection, which can grow and evolve over the lifespan of your business. 
  • In Digital Marketing: A 2014 Update, Eugene Brill, vice president of operations at Jewelry.com, a Richline Group venture, will share the latest on search engine optimization, search engine marketing, pay-per-click, and social media. Among MJSA’s most popular speakers on internet marketing and communications, Brill’s updates prove Greek philosopher Heraclitus’s maxim that “The only constant in life is change.”   
  • In Photography: Creating Images That Sell, Matthew Perosi, principal of JewelerWebsites.com, returns with a presentation that wowed audiences at MJSA Expo New York earlier in 2014. Attendees will learn the basics of how to take photos that compel customers to give their jewelry a second look, in a competitive online environment where good images are the Holy Grail for success in marketing. 
  • In Better Subcontracting for Jewelry Makers and Designers on Oct. 17, Hill will explain how to develop successful relationships with subcontractors–the experts who perform the CAD/CAM, casting, setting, finishing, and other processes needed to bring jewelry designs to life. The webinar will teach attendees how to evaluate contractors and their capabilities, communicate expectations and understand theirs, establish a successful working relationship, and manage outcomes. The webinar will also help non-bench-trained designers do a better job in speaking the language of jewelry making. 
  • In Getting Lean for the Small Jewelry Maker or Designer on Nov. 7, Hill will explain how to run a small jewelry business as efficiently as possible using the lean management 5S concept, which means Sort (remove/reduce), Straighten (streamline/organize), Shine (clean/inspect), Standardize (create a standard of consistent behavior), and Sustain (commit to repeatable behaviors).

“MJSA ConFab, from the perspective of a jewelry maker, showed us how difficult it can be for jewelry designers to get a foothold in this industry,” says Steve Anderson, general manager at Trung Do's / JD & Co. Inc. in Tacoma, Washington, who attended ConFab last year.

“ConFab gave us ideas on how to help these individuals create their designs, and once established, produce multiple pieces of merchandise within a determined budget. Additionally, the information we received from the digital marketing session was especially useful. The positive points and the potential pitfalls discussed from those individuals well versed in this medium were well worth the trip,” said Anderson. 

 

MJSA Online Learning Webinars are $15 for MJSA members, and $25 for non-members. For more information and to register, see here.

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SPS “LOOT” Show Concludes Today in NYC

Over the past four years, the Silver Promotion Service has been a sponsor of the annual LOOT: MAD about Jewelry exhibition at the Museum of Arts and Design.

The exhibition and sale brings together 50 international jewelry artists, many of whom incorporate silver, and an audience of avid art jewelry admirers and collectors. The exhibition kicked-off with an Opening Benefit evening on October 6th. The exhibition continues from October 7 to October 10. Proceeds from LOOT will benefit the Museum’s exhibition and education programs.

Commenting on silver’s importance to the exhibiting artists, LOOT’s Curator Bryna Pomp said, "As in past years, a significant number of LOOT artists are working in sterling silver. These international jewelers, hailing from 23 countries within Asia, Europe and the Americas, prize the versatility and beauty of silver to express their individual point-of-view. This year's silver jewelry designs range from the deepest, richest, oxidized shades to the most pale and pure. Some artists have crafted magnificent flowers, cast string, modern filigree and chain maille, while others have paired sterling silver with materials including wood, resin, memorabilia, rare semiprecious stones and historic engravings.”

 

For more information on the SPS please visit www.savorsilver.com.

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Simon G. Launches New Website

Simon G. Jewelry has launched its new website combining state-of-the art technology, sleek design and new look featuring the brand's recently launched "Reclaim" creative campaign for a fully enhanced user experience.

Among the first in the jewelry industry to utilize a powerful cloud-based IBM technology platform that combines infrastructure, software and audience engagement, Simon G. will receive rich analytics from the new site, allowing it to evolve with market conditions and provide advanced personalization. The new Simon G. site will seamlessly guide customers through a luxurious digital experience from research to final purchase at a Simon G. authorized retailer.

"Shopping for fine jewelry ­ particularly an engagement ring ­ is one of the more personal retail purchases one may ever make," said Aimee Munsell, Director of Marketing, IBM ExperienceOne. "By leveraging cloud-based IBM ExperienceOne solutions, Simon G. can provide its customers with a highly customized and personalized experience that will enhance the buying process and instill great confidence in their purchase now and in the future."

Visitors to the new site will enjoy features such as:

  • Advanced retailer location services - Utilizes geo-targeting to find the Simon G. retailer closest to the user and displays retailer information on every page as the user browses the site for ease of purchase.
  • Responsive design framework - Customers can experience the best of Simon G. on any device, from desktop to tablet to mobile.
  • Smart filter- Allows customers to more easily find their perfect piece of Simon G. jewelry. The smart filter browses Simon G.' s extensive inventory of thousands of designs to suggest pieces based on users' preferences.
  • Customization options - Product images display custom variations of pieces, highlighting Simon G.' s custom design capabilities and telling the story behind each custom piece.
  • Social sharing - Site visitors will be able to easily share their favorite jewelry pieces via Facebook, Twitter, Pinterest and email on each page.
  • Online Concierge Desk - Consumers can communicate live with a Simon G. representative on the new website for immediate response and customer support.

"We are excited to unveil our beautiful new site, and provide our customers with the best Simon G. digital experience possible," said Zaven Ghanimian, Chief Executive Officer of Simon G. Jewelry.

"The timing could not be more perfect with the launch of our 'Reclaim' advertising campaign, which is featured throughout the site, and can be seen in the September issues of many of your favorite fashion magazines."

Simon G.'s new "Reclaim" campaign imagery is seen throughout the new website design, and it invites couples to reclaim their love for one another with intimate moments and simple acts of kindness.

The new campaign communicates a warm, nostalgic message that inspires all to reclaim the moments that catch us off guard, and just how simple and meaningful they can be. No matter how big or small, Simon G. is there to celebrate all of life's memorable moments. New print ads, billboards, online advertising and more will be rolled out with "Reclaim" imagery.

Visit www.simongjewelry.com to preview the new website and "Reclaim" advertising campaign.

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Terry Bradshaw Named AGS Conclave Opening Keynoter

Football legend and four-time Super Bowl champion Terry Bradshaw will be the opening keynote speaker for American Gem Society Conclave 2015 in New Orleans, LA.

Bradshaw will be joined by a wide variety of renowned business leaders and innovators in this year’s lineup.

Joining the elite lineup at Conclave is Steven Dubner, an award-winning author, journalist, radio and TV personality. Steven is the co-author of the International Bestseller “Freakonomics and Superfreakonomics.” His latest book, “Think Like a Freak,” is on the New York Times Best Seller list.

Another well-known keynote is the inspirational Diana Nyad. At age 64, Ms. Nyad successfully fulfilled her lifelong dream of completing the 110-mile swim from Cuba to Florida. She has since become a prominent sports broadcaster, author and has earned the reputation of a uniquely passionate and entertaining public speaker.

Comedienne and business motivational speaker Connie Podesta rounds out the lineup. Ms. Podesta is a whirlwind of energy and business success, and loves nothing more than to help her audience get the most out of life.

Featured Speaker notables include Joel Zeff, a national workplace expert, speaker, author and humorist. Joel will speak on “The Tao of Ta-Da,” focusing on how to get the most out of your work and your life.

Colleen Francis has studied the habits of the top 10 percent of sales performers from organizations of all sizes for over 20 years and condensed it down to a winning formula and internationally acclaimed sales training system. Ms. Francis will be sharing it all in “Nonstop Sales Boom: Powerful Strategies to Drive Consistent Growth Year After Year.”

One of America's most sought-after speakers, making over 250 appearances in the U.S. and Canada last year, Bryan Dodge is returning to Conclave 2015 with a workshop on building successful teams.

“We are very proud to say that we are building on the momentum of a terrific Conclave in 2014 and we have carried that motivation over to our featured speakers in 2015,” said John Carter, Chair of the Society’s Conclave Committee.

“We thought it was fitting that since New Orleans will be our host city that our lineup should be of Cajun proportions. It will be big, bold, and like Mardi Gras . . . impossible to forget.”

For more information on Conclave, contact the membership department at 866.805.6500 or email ashah@ags.org.

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JA Updates “Careers in the Jewelry Industry” Brochure

Jewelers of America has updated its “Careers in the Jewelry Industry” guide, a snapshot of 10 career pathways.

The brochure ensures the jewelry industry’s ongoing competitiveness and growth by encouraging high-caliber individuals to pursue vocations within the industry. The jewelry career guide is yet another addition to JA’s resourceful online Career Center at www.jewelers.org/jewelrycareers/. The Career Center also boasts a directory of jewelry schools and training facilities in the United States as well as a Jewelry Jobs Board for jewelry companies and job seekers.

As part of JA’s commitment to helping ensure a healthy jewelry industry, JA distributed “Careers in the Jewelry Industry,” to schools with jewelry focused programs to encourage students interested in learning more about the jewelry industry as a possible occupational choice.

“It is important that the jewelry industry has intelligent and passionate individuals developing career paths throughout the jewelry supply chain,” says Susan Posnock, JA Director of Education & Public Affairs. “To encourage awareness, we have provided career centers with an updated ‘Careers in the Jewelry Industry’ guidebook to educate students, young working professionals and those looking to change careers.”

The “Careers in the Jewelry Industry” brochure is a comprehensive tool that includes information on career pathways including: retail jewelry sales, retail jewelry manufacturing, bench/manufacturing, jewelry appraiser, jewelry designer, jewelry manufacture, jewelry wholesaler/importer, lab grader/quality assurance technician, watchmaker and pawnbroker/estate jewelry dealer.

It also includes information on professional certification from JA, career resources, job search and industry education and training.

Updates to Careers in the Jewelry Industry” were underwritten by GIA.

The brochure can be found at www.jewelers.org/jewelrycareers/.

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The IDEX Online Polished Price Report for October 8

The volume of price changes in round diamonds picked up this week after a month of relatively low-level activity in the past month, Most of the activity was negative, but there were strong rises in the two largest categories of stones, according to the weekly IDEX Online Price Report.

 

Price changes in fancy shape diamonds were rather diluted this week from the past several weeks and were mostly 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-F / SI2 declines of 4%

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts H-J / SI1 declining by 2%

  • 0.40-0.44 cts declines of 2%

  • 0.45-0.49 cts just one change, downwards

  • 0.50-0.69 cts just two declines, in lower quality goods

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

  • 0.80-0.89 cts a range of declines

  • 0.90-0.99 cts many declines in better colors/clarities

  • 1.00-1.24 cts E / IF-VS1 declines of 2-3%

  • 1.25-1.49 cts several decreases in lower clarities, better colors

  • 2 cts I / IF-VS1 falls of 2-3%

  • 3 cts a wide range of declines

  • 4 cts L-N / I1-I2 increases of 2-4%

  • 5 cts K-N / SI2-I2 rises of up to 4%

 



 

Fancy Cuts

 

  • 0.18-0.22 cts F / VVS1 -4.2% to $1,150 p/c

  • 0.23-0.29 cts J / VVS1 -4.1% to $1,100 p/c

  • 0.30-0.39 cts D / IF +1.4% to $3,600 p/c

  • 0.40-0.44 cts two changes, both downwards

  • 0.45-0.49 cts F-G / I1 declines of 4%

  • 0.50-0.69 cts unchanged

  • 0.70-0.79 cts mostly declining

  • 0.80-0.89 cts a range of decreases

  • 0.90-0.99 cts no changes

  • 1.00-1.24 cts two declines

  • 1.50-1.99 cts three declines in better clarity

  • 2 cts M / SI1 +3.2% to $3,200 p/c

  • 3 cts many increases in lower colors/better clarities

  • 4 cts unchanged

  • 5 cts J-N / VS2 increases of around 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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Designer Silvio Hidalgo Memorializes His Mother


Celinda Hidalgo on her 95th birthday party on Dec. 22, 2013. Hidalgo passed away on July 3.

My wonderful mother, Celida Hidalgo, passed away this summer at the age of 95.

She along with my father, were attendees at all the jewelry shows around the world for the past 25 years, including Basel, Hong Kong, New York and Vegas, and were dearly loved by everyone. My mother was the reason for my success and I will miss her every day of my life.

She graduated from the University of Havana in the 1940s with a doctorate in education. Along with my aunt, they were the first women in my family to graduate from the University. My grandmother insisted all her daughters graduate college along with my uncles at a time when women with university degrees were not as common. Clearly, my grandmother was ahead of her time.

My mother was also ahead of her time. I remember growing up in Cuba and watching my mother work with low-income families to insist that the girls in the family, many of whom she taught in class, stay in school and continue their education. This was at a time when poor families would have their daughters stay home and help in the house. Mother always emphasized the power of education . In our own family, I was the fifth generation to get a college degree.

In addition to being her sharp mind and determination, she was also the most elegant lady. I remember as a little boy in Cuba, people would always approach her to tell her how great she looked. That continued to happen all over the world from the Red Cross Gala in Monaco where I lived, or vacationing in Paris or Gstaad. Strangers still approached her to tell her she was the most elegant lady in the room.

I am most grateful that both my parents lived very long lives and were able to see and share with me the great success I have had in this wonderful country first in technology and then in my avocation, the wonderful world of jewelry.

— Silvio Hidalgo




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Ritani Launches New Collections, Partners with FIT

Ritani has launched Ritani Designer Collections, offering an assortment of luxury products direct from well-established brands and boutique designers, along with up-and-coming artists from the Fashion Institute of Technology on Ritani.com.

Ritani Designer Collections enables customers to browse and purchase from multiple curated boutiques in one convenient online destination.

Through the partnership, designers have an opportunity to broaden their reach through Ritani’s innovative ‘clicks and bricks’ model, which combines its best in class e-commerce platform and robust partner retail network of nearly 200 locations across North America.

Top brands joining the Ritani Designer Collections program include: Hulchi Belluni, Erica Courtney, Kara Ross, Mimi So, Omi Prive, Slane and Soho. Each collection has its own unique shopping channel on the Ritani website. They are joined by a select group of boutique designers, who will also have their handcrafted pieces available for sale at Ritani.com: Jose Hess, Stephanie Occhipinti, Nghi Nguyen, Alison Nagasue, and April Karavani.

Further bolstering the new program, Ritani also announced a new partnership with the Fashion Institute of Technology (FIT), the internationally recognized design, fashion and merchandising school in New York City, to support, cultivate and showcase some of the school’s most talented alums.

This Ritani/FIT relationship underscores Ritani’s commitment to innovation, by empowering and illuminating the “next wave” of top jewelry designers. Each will leverage Ritani’s expert production and manufacturing process and through unprecedented exposure across Ritani’s ecosystem, bring their ideas to life and to a broad audience.

“With this unique project, Ritani has proven itself to be at the forefront of the industry. In terms of design inspiration, they truly understand the need for these new voices to be heard,” said Michael Coan, Chair of Jewelry Design Department at The Fashion Institute of Technology.

“With Ritani's exemplary fine jewelry history, exquisite design, superior quality and business acumen, the fit for both is perfectly logical.”

The promising artisans from The Fashion Institute of Technology who will comprise the first class of FIT alums to join Ritani Designer Collections and have their products available exclusively via Ritani.com are: Daseul Lee, RJ Tan Bassa, Han Lin, Linda Koh, Ja Yong Shin and Lan Zhang.

“We’re thrilled to launch Ritani Designer Collections with many of the industry’s leading brands, top boutique designers and most distinguished young artists,” said Brian Watkins, President of Ritani. “Bringing together these talented artisans within our fully integrated ‘clicks and bricks’ platform reinforces our vision for the future of the jewelry industry and the broader retail landscape.”

Ritani.com offers the optimal way to shop for jewelry by providing visitors with a best in class web experience, as well as a wide range of proprietary and interactive online tools to make shopping for engagement rings, loose diamonds and fine jewelry a less daunting task for today’s millennial consumer.

Ritani’s unique ‘clicks and bricks’ approach to retail allows customers to create a custom engagement ring online and preview their purchase obligation-free at their own local independent jeweler, a network that now spans nearly 200 retail locations across the United States.

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Fruchtman Marketing Gains New Clients

Fruchtman Marketing, a full-service marketing firm based in Toledo, OH, has signed with Geoffery’s Diamonds and Goldsmith of San Carlos, CA and Ream Jewelers of Lancaster, PA to provide them with marketing services.

Fruchtman will be Geoffrey’s Agency of Record, creating a comprehensive marketing program for them encompassing full digital, advertising, and public relations services. Ream Jewelers will receive digital services from Fruchtman to enhance their online advertising and social media exposure.

“The retail jewelry industry is beginning to understand the importance of both traditional marketing programs and digital marketing services,” said Ellen Fruchtman, president of Fruchtman Marketing. “They now have to expand the reach of their message across several channels to impact a wide range of customers. But they don’t have the time, expertise, or budget to do it. That’s where Fruchtman Marketing shines. We have 20 years experience in the jewelry industry, so we can analyze our clients’ needs, create programs for them, and implement those programs quickly, effectively, and for far less than it would cost a jeweler to hire someone to do it in-house.”

In addition to acquiring new clients, Fruchtman Marketing recently launched websites for Corinne Jewelers The Diamond Source of Toms River, New Jersey, Saxon’s Diamond Centers of Bel Air and Aberdeen, Maryland, Carter’s Diamonds and Fine Jewelers of Danvers, Massachusetts, and Jay F. Jeweler of Apple Valley, Minnesota. A new website – for Montica Jewelry in Coral Gables, Florida – is slated to launch soon.

A full-service agency that specializes in the jewelry industry, Fruchtman Marketing has worked with many of the country’s finest jewelry retailers, manufacturers, designers and trade groups. They have presented seminars at the most prominent tradeshows, including JCK Las Vegas and the INSTORE Smart Jewelry Show, and are contributors to industry publications such as National Jeweler and INSTORE.

For more information please call (419) 539-2770 ext. 215 or e-mail Marge Stevens at marge@fruchtman.com

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AJDC Exhibit Moves to Kent State, then GIA Gallery

After a successful seven-month-long exhibition at the prestigious Forbes Galleries in New York City, The American Jewelry Design Council has announced that their exhibition, “Variations on a Theme,” will travel to the Kent State University Museum.

The exhibit will open on October 24, and will run until May 3 of 2015, before moving on to the Gemological Institute of America gallery in the summer of 2015. The exhibition boasts 40 installations of one-of-a-kind jewelry themes designed by AJDC artists.

In 1996, the AJDC began a tradition of asking each of its artists, whose membership is comprised of a carefully curated selection of designers, to create a design project based on a single concept or theme, i.e. “Wave” or “Key.”

The culmination of these projects is a unique collection of jewelry pieces joined by a solitary artistic concept. The “Variations on a Theme” exhibit is a sampling of pieces culled from these themed projects from 1996 to 2013.

“Part of the AJDC mission is to educate the public, which is what prompted us to find a wider audience for our yearly projects,” explained Barbara Heinrich, President of the AJDC and one of the contributing artists. “This is an exhibition of art for art’s sake, and it is a beautiful showcase of American jewelry design as art.”

Given the tremendous pool of craftspeople who are members of the organization, AJDC is also offering an educational session on jewelry design and fabrication for students at Kent State. The museum exhibit will kick off with a by-invitation only evening event on October 24, and will be open to the public daily thereafter.

Artists exhibiting in “Variations on a Theme: 25 Years of Design from the AJDC” include: Sandy Baker, Jane Bohan, Whitney Boin, Michael Bondanza, Petra Class, Jaclyn Davidson, Falcher Fusager, Geoffrey Giles, Cornelia Goldsmith, Michael Good, Sarah Graham, Alishan Halebian, Ron Hartgrove, Barbara Heinrich, Susan Helmich, Jose Hess, Cornelis Hollander, John Iversen, Scott Keating, Christo Kiffer, Paul Klecka, Steven Kretchmer, Pascal Lacroix, Anthony Lent, Linda MacNeil, Gregory Morin, Jennifer Rabe Morin, Adam Neeley, Mark Patterson, Kent Raible, Paul Robilotti, Todd Reed, Alan Revere, Susan Sadler, George Sawyer, Mark Schneider, William Schraft, Tina Segal, Diana Vincent and Barbara Westwood.

To order the beautiful 82 page full color catalog please visit the AJDC website at www.AJDC.org.

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GemFind Will Continue to Allow EGLs

Unlike two large networks which banned European Gemological Laboratory Certified Diamonds this week from their networks, GemFind the company will continue to allow all EGLs to be uploaded to its platform.

GemFind has chosen to remain unbiased and allow all companies to compete within the GemFind network and leave the decision of what to buy – or sell – up to the jewelry retailers and diamond suppliers.

When it comes to choice – GemFind has always been a leader. The company was the first to offer an online diamond search on the Web through their proprietary Diamond Link technology – allowing jewelry retailers to filter the type and the certificate or diamonds they want listed on their own website.

“While RapNet and Polygon will no longer allow diamonds with EGL International reports on its networks, GemFind will continue to welcome the upload of EGL Certified Diamonds to its platform” said GemFind CEO Alex Fetanat.

“For 15 years GemFind has been a leading trading network for manufacturers and jewelry retailers online, and we feel it is crucial to remain unbiased as a service provider and allow everyone to compete within the network and leave the decision of what is bought and sold up to our members,” concluded Fetanat.

In addition to providing a trading network, GemFind has emerged as the global gem and jewelry industry’s single source for online interactive services.

This includes providing retailers with online tools such as Ring Builder that allows customers to design their own engagement rings on a retailer’s own website and showcase diamonds from various suppliers. GemFind’s Stud Builder lets users combine different settings with diamonds from diamond houses to create more than 1 million stud earring combinations from any web device.

The company’s Pendant Builder combines chains with the retailer’s selection of pendants letting customers create their pendant from any Web device.

GemFind’s range of services not only include industry-leading applications, but also mobile app development, online inventory aggregation solutions, comprehensive digital marketing packages and content creation for companies in the jewelry industry’s social media and business websites.

Visit http://www.gemfind.com for more information.

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Registration Open for SMART Show Chicago 2015

Registration for the 2015 SMART Show Chicago is now open. With one click and a few minutes of your time, you'll be on track to shop, learn and network at the industry's most innovative event. Here's a sneak peek at the awesomeness that's waiting for you in April: 

  • Shop 450+ 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 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, 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

You really don't want to miss this event. Avoid the lines — get your entire store pre-registered today. 

 

Register here.

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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 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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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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Jewelry’s Largest Recruiting Event Coming October 10

On Oct. 10, some of the biggest names in the gem and jewelry industry will gather at Gemological Institute of America’s Carlsbad, A. headquarters for its annual Jewelry Career Fair & Open House.

The day’s events, which will take place from 8 a.m. to 2:30 p.m., include recruiting opportunities with globally recognized gem and jewelry companies, three not-to-miss panel presentations, one-on-one career coaching with industry experts, education demonstrations and much more.

The free event marks the only time each year that the coastal 30-acre Carlsbad campus is open to the public without appointment.

Must-see panel presentations are:

8:30-10 a.m.: “Job Success in Today’s Market,” moderated by Susan M. Jacques, president and CEO of GIA. Panelists are Alan Bell, president of Rio Grande, Inc., a Berkshire Hathaway Company; Martin Katz, founder and CEO of Martin Katz, Ltd.; Tanya Parikh, director of jewelry manufacturing and sales of K.R. Gems & Diamonds Int’l and Eighternity; and Cathryn Ramirez, group director of Tiffany & Co. in San Diego.

10:30-11:30 a.m.: “From Design to Finish,” moderated by Victoria Gomelsky, editor-in-chief of JCK magazine. Panelists are Erica Courtney, designer and president of Erica Courtney, Inc.; Lisa Nikfarjam, president of Lisa Nik, Inc.; Jim Tuttle, founder and CEO of Green Lake Jewelry Works; and JJ Williams, president and designer of JJ NUMBER 8.

1-2:15 p.m.: “Creative Careers,” moderated by Mark Smelzer, publisher of JCK magazine and JCKonline.com. Panelists are George Blodwell, celebrity stylist; Au-Co Mai, president and CEO ofEmitations.com; Steven Mindel, managing partner of Feinberg, Mindel, Brandt & Klein, LLP; and Sonny Sethi, CEO of Tara Pearls.

GIA’s Jewelry Career Fair & Open House will take place from 8 a.m. to 2:30 p.m. on Oct. 10 at the Institute’s Robert Mouawad campus in Carlsbad (5345 Armada Drive); industry recruiters will be available from10:15 a.m. to 2:15 p.m. Companies recruiting at the event include Helzberg Diamonds, Sterling Jewelers Inc., Tiffany & Co. and many more. Anyone interested in attending is urged to register here prior to the event.

Attendees will be among the first to see a new feature piece in the “Beauty of Science” exhibit. The stunning 394 carat Kunzite necklace on loan from the Smithsonian Institution was designed by Paloma Picasso to commemorate the 150th anniversary of Tiffany & Co. in 1986.

In addition to viewing the Institute’s critically acclaimed gem and jewelry exhibits, guests will have the opportunity to visit the world’s largest gemological library and take in gem and jewelry education demos such as GIA’s new Jewelry Design & Technology program.

GIA hosted its first Jewelry Career Fair in 1991 in Santa Monica, Calif. Since then, the event has expanded and linked gem and jewelry companies with future employees at more than 50 events in India, and in Las Vegas, New York and the GIA world headquarters in Carlsbad, Calif.

For more details, visit www.careerfair.gia.edu or emailcareerfair@gia.edu.

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DeShawn Shewad Proposes with Simon G. Engagement Ring

Following a dramatic overtime victory over the Denver Broncos on Sunday, Seattle Seahawks' defensive back DeShawn Shead proposed to his girlfriend, Jessica Martinez, mid-field with a Simon G. engagement ring.  

Shead got down on bended knee at the 50 yard line of the Century Link field, as "Will You Marry Me Jessica?" flashed on the Jumbotron with many of his teammates, friends and family surrounding them in celebration. 

Shead, who had been planning the proposal for months, purchased the gorgeous Simon G. diamond ring from Robbins Brothers Jewelers Bellevue store just outside of Seattle. 

"Just going through the ring ceremony and that whole process, I thought it would be cool because football was a big part of our relationship," Shead said. He chose the Broncos game because he got a Super Bowl ring against Denver"  so I figured she should get her ring against the Broncos, as well."

Shead picked out the stunning classic Simon G. solitaire engagement ring set in 18K White gold with a pave diamond band. The center stone was a stunning Echo diamond, featuring 98 hand cut facets for exceptional beauty.

Shead proposed to his girlfriend Jessica Martinez with a stunning Simon G. Engagement Ring Style No. MR1577-D, 18K white gold ring comprised of 1.00ctw round white diamonds (not including center stone)

 

Shead later announced the happy news to his Instagram followers with the below pic captioned " She said yes!" 

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Mumbai Panel Meets to Decide Jewelry Winners

The jury of the upcoming 41st Indian Gem & Jewellery Awards met this week in Mumbai to finalize the names of the winners in all categories prior to the awards ceremony on October 10.

The jury members, who selected the winners include:

  • Smt. Nirupa Bhatt, Managing Director (India & ME), GIA
  • Mr M Narendra, former CMD, Indian Overseas Bank
  • Mr. Pawan Bindal, Director, Dun & Bradstreet

A total of 35 awards have been envisaged i.e. 30 nomination based awards and 5 Felicitation awards. Awards will be given in the industry performance awards categories such as precious metal, silver, cut & polished diamonds, fashion jewellery, coloured gemstones and synthetic stone. Additionally, special recognition awards have been proposed such as woman entrepreneur of the year and best growing company of the year. Also apex awards have been proposed to felicitate most socially responsible, innovative and best exporter.

Besides recognizing the efforts of the exporters, the Council will also honour the top foreign buyers from across the globe, international trade associations and the banks financing the gems and jewellery players. In addition to the acknowledgment of their global standards, GJEPC awards those who contribute to the overall benefit of the Indian gems and jewellery industry.

Rings from Benjamin Zucker Family Collection to Exhibit in NYC

Selected from the celebrated private collection of one of today's leading gem dealers, experts and connoisseurs, Rings from the Benjamin Zucker Family Collection” opens October 30 at Les Enluminures in New York City. 

This exhibition of over 40 exceptional, museum-quality rings will detail the enduring allure of certain styles, settings, gems, and cutting techniques. Spanning from the 3rd century A.D. through to the later part of the 19th century, the rings will be on public view together for the first time and for sale at Les Enluminures' New York gallery. 

Organized around themes encompassing the cycles of life from birth to death, the vast array of styles on display will include: 

  • Signet rings ranging from the 3rd-17th centuries
  • Ancient Roman friendship and engagement rings
  • Medieval Posy rings
  • Renaissance and Baroque wedding rings
  • Jewish marriage rings from the 17th-19th centuries
  • Memorial and Memento Mori rings from the 17th-19th centuries

Renowned for its breadth and depth in precious colored stones and diamonds, most of the Benjamin Zucker Family Collection has been on loan to the Walters Art Museum since 1985. Celebrating the timeless allure of rings as symbols of power, prestige, passion, and personal identity, many of these superb selections boast sterling provenances, including: the de Clercqs, the Rothschilds, Dame Joan Evans, Ernest Guilhou, Ralph Harari, and Melvin Gutman.

Rothschild Diamond, Ruby and Enamel Gimmel Ring, Germany, dated 1631.
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Navajo Jewelry Collection Opens in NYC in November

Three hundred pieces of authentic Navajo jewelry crafted by some of the most celebrated jewelry makers of our time, the gifted Yazzie family of Gallup, NM will be exhibited at the Smithsonian’s National Museum of the American Indian in New York City.

The exhibit, “Glittering World: Navajo Jewelry of the Yazzie Family,” opens on Thursday, November 13, and coincides with November's Native American history month. It shows off the impeccable craftsmanship of brothers Ray and Lee Yazzie, whose Navajo culture and style shines through their works of art. For decades, Yazzie jewelry has been influencing fashion, design and accessories trends worldwide.

Jewelry has long been an important form of artistic expression for Native peoples in the Southwest; its diversity of design reflects a long history of migrations, trade, and cultural exchange. The Yazzies are strongly rooted in and inspired by these traditions and values. Their works emphasize reciprocity, harmony, balance, and respect for family.

For the first-time ever, the Yazzie’s jewelry will be carefully curated and the exhibition invites visitors and the nation to celebrate an artisan trade that is all but lost by many but is still a living and breathing tradition of the Navajo.

Smithsonian Books and NMAI have co-published a companion book to the exhibition that illustrates the images from the show written by curator Lois Sherr Dubin.

On November 13, the NMAI museum in NYC will premiere the Glittering World Gallery Store, providing specially-selected pieces of American Indian jewelry for sale and ranging from $20 - $3,000 by both well-known and up-and coming Native artists and designers.

The exhibit runs through January 10, 2016. For more information, see here.

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Jewelers Mutual Sponsors Wedding Planning Sweepstakes

In a venture to make the planning leading up to the wedding as special as the big day itself, Jewelers Mutual introduces The Ultimate Wedding Planning Sweepstakes.

One lucky winner and his or her guest will enjoy a luxurious wedding planning package valued at $3,000.

The package centers around an evening in Chicago, attending the Wedding Salon Bridal Show on October 13, 2014. In addition to the show, the pair will enjoy wine and hors d'oeuvres at ENO's Wine Bar at the InterContinental Chicago, where they will also enjoy a complimentary one-night's stay.

The winner will also return home with an invitation to a two-hour wedding planning consultation with wedding planner Debi Lilly and a pair of 18K white gold, 0.25ctw round diamond stud earrings from Simon G Jewelry (valued at $1,210).

The sweepstakes' entry period runs from 12pm CDT on September 22 to 12pm CDT on October 3. Open to all US residents, interested parties can enter through the Perfect Circle Jewelry Insurance Facebook page. One winner will be notified via email at the close of the sweepstakes.

Entrants can earn bonus entries by inviting their friends, as well. For every friend who enters, the original participant receives five bonus entries, multiplying his or her chance of winning. To learn more, visit Perfect Circle Jewelry Insurance's Facebook page or brand blog. Add a comment


Angelica Introduces Commemorative “Friends” Bracelets

To celebrate the 20th anniversary of the series premiere of the classic Emmy-winning comedy “Friends,” Angelica jewelry, an imprint of Royal Chain, has partnered with Warner Bros. Consumer Products to create a special edition series of 23 adjustable bracelets featuring charms inspired by the hit series.

Available in a variety of metal colors, themes will include Phoebe’s “Smelly Cat,” Central Perk, the famous “Friends” couch and many others, all designed to bring back the happy times fans shared while watching the series.

Angelica bracelets are made in the USA from recycled metals, and Angelica will continue to donate $0.25 from each bracelet sold to Generation Rescue, a charity that supports programs for families affected by autism.

The “Friends” charm bracelets are now available at the Central Perk pop-up shop located at 199 Lafayette Street in Manhattan’s SoHo district and at over 1,500 Angelica retailers around the country.

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Signorino and Basta Honored by LA’s 24 Karat Club

The Jewelers 24 Karat Club of Southern California will honor Karen Signorino of Jewelers Mutual Insurance Services and Ricardo Basta of Ricardo Basta Fine Jewelry with the prestigious “Excellence in Service Award” at the club’ 69th Annual Dinner Dance and Gala on Saturday, October 11. 

This year’s exclusive event will be held at the Ritz-Carlton Marina del Rey, a new venue for the Gala. 

The award has been presented annually to deserving jewelers since 1998 and is bestowed upon those whom exemplify the values of the 24 Karat Club: social responsibility, integrity and honor, as well as someone who has made a significant contribution to the industry.  

"We are honored to present this year's 'Excellence in Service Awards' to Karen Signorino of Jewelers Mutual Insurance Services and Ricardo Basta of Ricardo Basta Fine Jewelry," says Rossana Aguilar, 24 Karat Club President. "These individuals are pillars in the jewelry community and deserve to be recognized for their exceptional leadership, dedication and outstanding contributions to our industry." 

Karen Signorino has been an integral part of the jewelry industry for over 35 years.  She is currently the Regional Sales Director for JM Insurance Service LLC, a wholly owned subsidiary of Jewelers Mutual Insurance Company. She has represented Jewelers Mutual as one of their insurance agents since 1978; she has served on their Agent’s Advisory Council numerous times over the years and was recently inducted into their Inaugural Agent Hall of Fame, established in 2014 to honor Jewelers Mutual’s most exceptional agents. 

Karen Signorino has distinguished herself as a leader in the jewelry industry by giving unselfishly of her time to many jewelry industry endeavors and through her involvement in numerous industry organizations, including serving on the Board of Directors of The Jewelers 24 Karat Club of Southern California and the California Jewelers Association. She is also a member of the Women’s Jewelry Association, Northern California Chapter. In addition, she supports numerous charities and community service organizations. 

Karen began her career representing jewelers working for a small independent agency, McNary and McNary.  In 1984, George McNary sold his agency to Marsh & McLennan, Inc. and she continued her career serving the jewelry industry, while employed by Marsh.   In 2000, Jewelers Mutual Insurance Company purchased Karen’s book of Business and started their own agency, JM Insurance Services, LLC. Under Karen’s sales leadership, the agency is now helping jewelers in California, Arizona, Idaho, New Mexico, Minnesota, Wisconsin, Washington and Alaska.  

Karen Signorino has been married to John, her high school sweetheart, for 44 years. They have 2 grown children, Nicole and Daniel, and two granddaughters, Lilyann and Annalee. 

Ricardo Basta was born and raised in Buenos Aires, Argentina. At the age of 19, Basta moved to the United States. He arrived in Los AngelesCalifornia and began working for his uncle who owned and operated a jewelry store. Basta began by sweeping floors and eventually apprenticed with European-trained jewelers. 

Early in his career, Basta began working for Frances Klein. There, he restored pieces from the Victorian, Edwardian, and Art Deco periods. Basta gained an appreciation of the designs and craftsmanship which in turn inspired his own award-winning creations, one-of-a-kind custom-made designs that have been showcased in some of the most exclusive jewelry stores in the world. Basta is one of the rare breed of modern jewelers who actually sits at the bench and meticulously handcrafts each piece, and is recognized as one of the premiere platinum jewelry designers in the country. Basta has written articles on designing in platinum and some of the top jewelry designers and design houses in the world entrust their designs to him to manufacture. Basta's platinum bridal creations are renowned for both the quality of the gems and the intricacy of the design and style of the rings. 

Basta has collaborated on three books on the restoration and repair of antique and estate jewelry and has developed and refined valuable restoration techniques utilized by the jewelry industry today. Basta has restored pieces from every period in history, and has worked with Asprey-Garrard to restore a tiara that converts into a necklace, worn by actress Hilary Swank at the 72nd Academy Awards in 2000. 

Basta has won numerous jewelry design awards for his cutting edge and trend-setting designs. In 2004, he won 1st place in the Bridal Category in the coveted American Gem Trade Association (AGTA) Spectrum Awards that honor America's top jewelry designers. He also won additional Spectrum Awards in 2000, 2003, 2004, 2005, 2008, and 2009, and recently a platinum honors in 2013. In 2005, he was honored by the prestigious invitation to be an AGTA Spectrum Awards judge. He also won two MJSA awards in 2003 and 2004 in recognition of his outstanding designs. Considered one of the premiere jewelry designers on the scene today, his jewelry is now a staple worn on the Red Carpet by celebrities such as, Stockard Channing, Nancy O'Dell, Gladys Knight, Zooey DesChanel , Vivica Fox, Lisa Raye, Debra Messing, Sheila E, Gabrielle Union, and the late Brittany Murphy.  

 

For tickets and sponsorship information, contact Lisa Schoening at info@jewelers24karatclub.com.

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India Plans World Diamond Conference for December

World Diamond Mark Foundation, in cooperation with the Gem & Jewellery Export Promotion Council, India, will organize an international World Diamond Conference supported by the Ministry of Commerce and Industry, Government of India, in upcoming December

The conference will be held December 11-12, 2014. 

The event, which will be attended by representatives of the world's leading mining countries, major diamond producers, diamond and jewelry manufacturers, retailers and industry interest organizations, will focus on the most urgent issue that worries the international diamond industry and trade: the revival of consumer enthusiasm for diamonds and the consequent increase of market share for diamond jewelry in the luxury sector. 

The World Diamond Mark Foundation, together with its early adopters and supporters, believes it holds the keys to the vehicle that will help boost consumer demand for diamonds and diamond jewelry.

The decision to hold the conference was finalized in a meeting between GJEPC Chairman Vipul Shah and WDMF Chairman Alex Popov.

"The global diamond industry is subject to challenging times," WDMF Chairman Alex Popov stated. "Consumer demand for the category needs a tremendous boost and thus Global Marketing is a significant area that needs detailed deliberation.

“World Diamond Conference is an effort to consolidate the industry under one roof and plan way forward. I wish to congratulate the GJEPC for its vision and its precious cooperation. It is also very fitting that we hold this event in India's capital Delhi, where there is a new wind blowing. I certainly hope will catch some of its breeze," Popov added. 

"The conference's timing and location were more proof of India's changing role in in the global gem and jewelry industry and trade," GJECP Chairman Vipul Shah said.

 

"India is not only the world's major diamond producer; we are also a huge manufacturer of jewelry and, last but not least, an enormous, expanding consumer market. Also, with our economy growing strongly and with a middle class that continues to expand and develop a taste for luxury, a lot of the WDMF's marketing and promotion programs will fall on fertile ground. We have high expectations of this event," he concluded.

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Global Diamond Demand Reaches Record Levels

Global demand for diamond jewelry reached a record high of $79 billion in 2013 according to the inaugural Diamond Insight Report, published today by The De Beers Group of Companies.

Demand is expected to continue to grow over the long-term, driven by the ongoing economic recovery in the US (the world’s largest diamond jewelry market) and the growth of the middle classes in developing markets such as China and India. Sales of polished diamonds in the US increased seven per cent in 2013, while both India and China have seen their domestic diamond jewelry markets grow by a compound annual growth rate of 12 per cent in local currency terms between 2008 and 2013. 

The report cautions that while diamonds retain their special allure with consumers around the world, future demand levels cannot be taken for granted. The overall category is facing increasingly strong and sophisticated competition from other luxury categories, with diamonds’ share of advertising voice in the US market having reduced within its competitive set. 

Global rough diamond production in 2013 increased by seven per cent in carat terms over 2012 levels to a total of around 145 million carats. However, this remains well below the 2005 peak of around 175 million carats. The report further highlights that a forecast reduction in supply from existing sources will likely not be matched by new production coming on-stream in the years ahead and diamond supply is expected to plateau in the second half of the decade before declining from 2020 onwards.

Meanwhile, as mining moves deeper into the earth and towards more remote locations, the extraction process is becoming increasingly complex and costly. The three principal input costs – labour, electricity and diesel – have all seen increases well above local inflation levels in the main diamond producing countries over the last decade and this trend is set to continue. 

Substantial investment will be required in diamond production, technology and branding, marketing and retail standards if the industry is to sustain its recent levels of success into the future, the report says.

The report also reveals that: 

China is the world’s fastest growing market for diamond jewelry sales, with the number of diamond jewelry retail doors in the country increasing by almost 30 per cent between 2010 and 2013.

Online has become an increasingly important channel for the diamond industry. Over one in six diamond jewelry purchases in the US was made online in 2013 and in China the internet is already used by a quarter of acquirers for research purposes before purchase.

Diamonds were a major contributor to the economic performance of producing nations in 2013. In Botswana, diamonds represented more than 25 per cent of GDP and over 75 per cent of overall exports, whereas in Namibia they represented eight per cent of GDP and almost 20 per cent of all exports. 

 

Philippe Mellier, Chief Executive, De Beers Group, said: “Consumer demand remains the one true source of value for the diamond industry. With demand forecast to increase further from 2013’s record levels, the opportunity for growth is clear. But this must not be seen as cause for complacency. The industry will continue to lose ground to other categories if it does not invest significantly in production, marketing and technology.”

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The IDEX Online Polished Price Report for September 18

As has been the case in the past several weeks, round diamonds again posted comparatively few changes and most were negative, according to the weekly IDEX Online Price Report.

 

Changes in fancy shape diamonds were in line with what has been seen over the past month, with changes having a bias to the positive.

 

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

 

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

 

Rounds

 

  • 0.18-0.22 cts mostly declining

  • 0.23-0.29 cts unchanged

  • 0.30-0.39 cts H-I / SI2 declines of 2%

  • 0.40-0.44 cts K / I1 -5.3% to $1,050 p/c

  • 0.45-0.49 cts K / SI2-I1 rises of 3-5

  • 0.50-0.69 cts just one change, a decliner

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

  • 0.80-0.89 cts F-H / I3 rises of 4%

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

  • 1.00-1.24 cts declining

  • 1.25-1.49 cts several declines in better colors and clarities

  • 2 cts F-H/ VVS2 declines of 3%

  • 3 cts H-I / IF declining

  • 4 cts no changes

  • 5 cts unchanged

 

Fancy Cuts

 

  • 0.18-0.22 cts F / VIFVS 1 +3.6% to $1,450 p/c

  • 0.23-0.29 cts F / VS2-SI2 rises of 3-5%

  • 0.30-0.39 cts mostly declining

  • 0.40-0.44 cts increases in mid-colors, better clarities

  • 0.45-0.49 cts several risers

  • 0.50-0.69 cts several declines in better colors and clarities

  • 0.70-0.79 cts just three changes, two up and one down

  • 0.80-0.89 cts E / VS1 -1.0% to $4,800 p/c

  • 0.90-0.99 cts F / VVS1 -3.0 to $6,400 p/c

  • 1.00-1.24 cts unchanged

  • 1.50-1.99 cts mostly rising

  • 2 cts just two changes, declines

  • 3 cts K / IF-VVS1 rises of 3%

  • 4 cts rises in lower colors, better clarities

  • 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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Skinner Fine Jewelry Auction Grosses $2.48 Million

Skinner, Inc. achieved strong results for its fine jewelry auction on September 9th, grossing a total of $2.48 million.

Highlights included rare Arts & Crafts pieces and signed jewelry by Cartier, Van Cleef & Arpels and Tiffany & Co.

Victoria Bratberg, Director of Fine Jewelry at Skinner observed, “We were pleased to see such a high level of excitement and competitive bidding. The results prove once again that really outstanding pieces of jewelry are always in demand.”

A private New England collection on the block to benefit Campaign for Catholic Schools brought in over $400,000 for the organization. Arts & Crafts jewelry from the collection proved to be desirable as three rare pieces of Arts & Crafts Tiffany jewelry inspired heated bidding. A standout from this trio - a stunning 18kt gold, tourmaline, and sapphire necklace ­sold for $54,120.

Mary Myers, Vice President of Development for Campaign for Catholic Schools stated, “We are tremendously grateful to the wonderful couple who donated their beautiful jewelry to help urban children receive a quality Catholic education. Thanks to them, and the people who supported the auction, funds will go toward school improvements, new academics, scholarships and teacher support. We're appreciative of all the people at Skinner, especially Gloria Lieberman, for their role in making the auction a huge success. It’s a great day for Catholic Schools.”

Further demonstrating excitement for fine Arts & Crafts pieces, the auction achieved excellent results for a superb collection from the descendants of Frank Gardner Hale, one of the most influential figures in the American Arts & Crafts movement. The collection contained 33 lots of rare plaques, panels, jewelry and more. An important archive, encompassing Hale’s designs, photographs, notes and models of his works featured among the auction’s top-selling lots, fetching $34,440 and smashing its pre-sale estimate by thousands.

Bratberg observed, “We saw spirited bidding not only for the individual pieces, many of which are extremely rare, but for the archive material as well – a testament to degree of interest in Hale and his work.”

More than tripling its high estimate, an Art Deco Tiffany & Co. Kashmir sapphire ring, set with a cushion-cut sapphire, mounted in platinum and gold, sold for $116,850, emerging as the auction’s top lot. Also drawing excitement from bidders was a rare, early .830 silver and labradorite necklace by Georg Jensen, which brought $20,910.

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Iris Apfel Headlines Jewelry Night Out on September 18

The Metro chapter of the Women’s Jewelry Association prepares for the second annual national membership drive following last year’s great success with another highly anticipated Jewelry Night Out Thursday evening, September 18.

With cocktail parties taking place in 15 cities across the US, WJA Metro is delighted to create a unique event to drive current and prospective members to join for 2015.

Headlining the Metro event at Clyde Frazier’s is fashion muse, interior designer and accessories goddess, Iris Apfel, whose anecdotes and style always draw a crowd. Entitled “Life of a Legend: a Talk with Iris Apfel,” the fashion icon is sure to delight.

As a premier networking organization for the jewelry and watch trade, the Women’s Jewelry Association seeks to provide opportunities for women in the industry to develop professionally through education, networking, and leadership development. Jewelry Night Out is one of many events taking place throughout the association that offers such an exceptional networking opportunity.

Last year’s Jewelry Night Out event was held at Gilbert Albert, where in one evening 33 new members joined the Metro chapter and 36 renewed, with a 50% membership growth for the overall association alone in 2013. For those signing up for membership, the discount is $99, from the usual $160 annual membership fee; one must be present Thursday evening to register in order to receive the discount. Luxury gift bags will given to the first 120 people at the door on Thursday, with goodies from Blingguard, Efva Attling, Heritage Auction Gallery, Lavish Jewelry Cleaner, Pantone, Premier Spa Castle, Rio Tinto, and Swarovski inside.

Due to overwhelming response closer to the date, the Metro Chapter venue was changed to Clyde Frazier’s since the original venue was sold out at maximum capacity when there were still two weeks to go.

For more information, or to purchase tickets for WJA Metro’s Jewelry Night Out, or Jewelry Night Out tickets for other chapters, visit www.womensjewelryassociation.com.

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Antwerp Diamond Fair Offers Great Variety

Diamond-buying jewelers visiting the Antwerp Diamond Trade Fair will get a genuine taste of the unequalled variety of diamonds that the Antwerp diamond market has to offer, says Ari Epstein, the CEO of the Antwerp World Diamond Centre, chief sponsor of the Fair.

"Antwerp is the world's leading diamond trading center. However, my colleagues and I continue to meet members of the jewelry trade who may have done business with Antwerp-based diamond firms, but have not yet visited Antwerp itself, and therefore have not had a chance to truly experience the powerhouse that our diamond center constitutes," Epstein said.

"With the establishment of the Antwerp Diamond Trade Fair in 2010, the Antwerp diamond business community took yet another step to lower the financial threshold for our companies to exhibit and Antwerp now has its very own, exclusive, by-invitation-only, diamond trade show. This event has proved its pulling power and is held annually, in the city's diamond quarter itself, in the trading halls of three of our bourses." he added.

The ADTF, a joint initiative of the Antwerp Diamond Bourse, the Diamond Club of Antwerp and the Antwerp Diamond Kring exchanges, is held on the bourses' diamond trading floors which are converted into three elegantly designed exhibition spaces for the event. They host around 90 of Antwerp's leading diamond manufacturing and trading firms, which will be displaying a very wide variety of polished diamonds.

The sixth edition of the ADTF will open its doors on Sunday, February 1, and close on Tuesday, February 3. The date of the ADTF was carefully selected to fit in with those of other prestigious jewelry industry events in the region and thus enable visitors to the ADTF to plan their itineraries effectively. 

Invited first-time diamond buyers are offered three free nights at the ADTF venue hotel. All approved buyers receive daily invitations to lunches, ADTF dinners and social events. 

 

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

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Diamond Empowerment Fund Honors Jane Seymour, David Rocha

The Diamond Empowerment Fund will honor Jane Seymour, an accomplished actress, artist, jewelry designer, and philanthropist and Jewelers for Children including its highly respected executive director David Rocha at its fourth annual GOOD Awards to be held January 8, 2015 at the Empire Penthouse Lounge in New York City.

Seymour, Jewelers for Children and Rocha are being honored for their global leadership and making a positive difference in the lives of countless youth and communities around the world.

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 good corporate citizenship, sustainability and promoting opportunity in diamond communities.

Jane Seymour, a true renaissance woman, is an Emmy and Golden Globe Award winning actress for her role as “Dr. Quinn, Medicine Woman,” among other performances. 

She is known in the jewelry world for her successful ‘Open Hearts’ Collection of jewelry.

Seymour is also the co-founder of the ‘Open Hearts Foundation’ whose mission is to positively impact lives in the area of health, education, arts and sports.

“It is an honor that the Diamond Empowerment Fund has chosen to recognize the work that I’ve done with my Open Hearts Foundation where we focus on organizations and individuals who turn adversity into an opportunity to serve others” says Ms. Seymour. 

David Rocha has been the driving force behind the diamond and jewelry industry supported ‘Jewelers for Children’ (JFC) organization. 

JFC’s mission is to help children in need. Since its founding by the U.S. jewelry industry in 1999, over 45 million dollars has been donated to organizations including Make-A-Wish and St. Jude Children’s Research Hospital as well as relief efforts following hurricane Katrina, the Asian tsunami, and the earthquake in Japan. Mr. Rocha, who has led the organization for the past 10 years says, “the impact the jewelry industry has made on the lives of countless children around the world inspires me every day”. 

Phyllis Bergman, President of the Diamond Empowerment Fund, says, “we are thrilled to honor the exemplary achievements of Jane Seymour and David Rocha & Jewelers for Children”. 

 

For a limited time, D.E.F will be offering an early pricing special on two tickets. Visit www.goodawards.org for more information on tickets, journal ads and sponsorship packages. 

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Hong Kong Jewelry and Accessories Show Underway

Asia’s Fashion Jewellery & Accessories Fair is up and running in Hong Kong through September 18.

The exhibitors, covering more than 11,000 square metres of exhibition space, come from 15 countries and regions, namely, mainland China, France, India, Indonesia, Italy, Japan, Korea, the Philippines, Thailand, Turkey, the United Kingdom, the United States, United Arab Emirates and Hong Kong and Taiwan regions.

The robust attendance from overseas participants confirms the fair’s status in the international markets.

Moreover, the fair also features a stellar line-up of attractions. Five group pavilions from mainland China, India, Korea, the Philippines and Taiwan region gather at AWE offering a wide variety of quality yet competitively priced products to buyers. Meanwhile, this year the bigger Stainless Steel Jewellery Pavilion will house over 40 quality exhibitors.

“9FJ has grown to become an ideal marketplace for buyers from around the world to preview trends for the coming Spring/Summer. Thanks to the overwhelming trust and support from the industry. 413 quality suppliers are now ready to unveil their latest products,” said Celine Lau, director of Jewellery Fairs at UBM Asia Ltd.

9FJ will be held alongside the world’s biggest fine jewellery fair, the September Hong Kong Jewellery & Gem Fair. Visitors at 9FJ can explore more business opportunities in one trip.

For the convenience of exhibitors and visitors, the organiser has arranged a free continuous luxury bus service running directly from HKCEC, Tsim Sha Tsui and Tung Chung to AsiaWorld-Expo. 

Click here for detailed shuttle bus schedule and pick-up points.

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Top Prize in ArtCarved Contest is $5,000 Ring

ArtCarved has launched a “Put A Ring On It” contest where one entrant will win an ArtCarved engagement ring or a pair of wedding bands valued at $5,000.

 

“ArtCarved is all about the big moments, small moments and all moments in between,” said Mai-Ning Thayer, Vice President, Brand Management. “Giving people a platform to share their special moment and a chance to win their dream ring is really motivating.”

 

Through October 31, 2014, couples (or individuals) can visit their nearest ArtCarved retailer and try on an ArtCarved ring of their choice. Using their mobile device, they take a selfie of their hand wearing the ring and visit www.ArtCarvedBridal.com/PutARingOnIt to complete the entry form and upload their photo with brief caption.

 

Entrants are encouraged to share their entry picture online with friends, family and online social communities and ask them to vote. The entry with the most votes wins an ArtCarved engagement ring or a pair of ArtCarved wedding bands valued at $5,000.  

 

ArtCarved is also giving their sales associates an opportunity to win up to $500. Entrants can include their sales associate’s name and store name on the entry form. The top 10 sales associates with the most entries win a $250 Visa Gift Card. The sales associate whose name is on the winning consumer entry wins a $250 Visa Gift Card.

 

The winner of the ArtCarved “Put A Ring On It” contest will be announced mid-November.

 

For contest details and official rules, go to ArtCarvedBridal.com/PutARingOnIt

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GIA Hosts two GemFests at Hong Kong Show

Attendees of the Hong Kong Jewellery & Gem Fair, Sept. 15-21, will have the opportunity to hear from recognized gem experts during two GIA GemFests, which are free and open to the public.

Dr. Wuyi Wang, GIA’s director of research and development, will discuss the technologies used to screen for treated and synthetic diamonds on Sept. 16. Sudarat Saeseaw, GIA’s senior manager of colored stones in Thailand, will discuss modern analytical methods used by gemologists on Sept. 19. The Institute will also feature diamond and colored stone lab take-in services during the show. 

Screening for Treated and Synthetic Diamonds: A Review of Existing Technologies
Tuesday, Sept. 16, 11 a.m. to noon at the AsiaWorld Expo, Rm 201A 

Undisclosed treated and synthetic diamonds, particularly in melee sizes, are a concern for the industry.  Wang will present on how GIA is addressing these concerns, as well as the current status of diamond treatments and synthetics . All GIA laboratories, with experienced staff and specialized equipment, screen all diamonds submitted for grading for treatments and synthetics. In addition, GIA developed and made available the DiamondCheckTM device, which can quickly and accurately differentiate natural, untreated diamonds in the D-to-N range from those that are potentially treated or synthetic.

With more than 20 years of expertise in diamond geochemistry and the treatments of diamond and other gem material, Wang 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 publications, and has been recognized with numerous honors, including the Richard T. Liddicoat and American Gem Society awards, as well as the Dr. Edward J. Gübelin Most Valuable Article Award from Gems & Gemology

Update on In-house Gemological Analytical Methods of the 21st Century
Friday, Sept. 19, 9-10:30 a.m. at the Hong Kong Convention & Exhibition Center, Rm S421 

Advanced analytical techniques help gemologists to identify gemstones, detect treatments and determine geographic origin. Sophisticated instrumentation such as laser ablation – inductively coupled plasma – mass spectrometry and chemical fingerprinting are important when it comes to the geographic origin determination of ruby and emerald. Saeseaw will discuss GIA’s procedures in identifying colored stones and the different types of colored stone analyses. 

An expert in spectroscopy and chemical analysis, Saeseaw is able to accurately determine possible treatments, the identity of gemstones, and when possible the country of origin of certain gems. She holds a master's degree in analytical chemistry from the Mahidol University in Thailand and is a GIA Graduate Gemologist and Fellow of the Gemmological Association of Great Britain.

GIA at the AsiaWorld Expo, Hong Kong
Monday – Friday, Sept. 15-19 at Booth 3J00

Institute representatives will be at Booth 3J00 from Sept. 15-19 to answer questions about GIA education, instruments, laboratory services and the GIA Retailer Program. The laboratory will take in diamonds up to 9.99 carats and colored stones Sept. 15-18 from 10:30 a.m. to 6:30 p.m. On Sept. 19, the lab will take in colored stones only from 10:30 a.m. to 5:30 p.m.

GIA at the Hong Kong Convention and Exhibition Center
Wednesday – Sunday, Sept. 17-21 at Booth 3M059, 3M061

Institute representatives will be at Booth 3M059, 3M061 from Sept. 17-21 to answer questions about GIA education, instruments, laboratory services and the GIA Retailer Program. The laboratory will take in colored stones Sept. 17-20from 10:30 a.m. to 6:30 p.m. and on Sept. 21 from 10:30 a.m. to 5:30 p.m.

Redeem GIA GemPasses or purchase a GIA GemPassbook for identification and country-of-origin services. 

 

For more details, call GIA’s Hong Kong laboratory at +852-3166-7000 or visit www.giathai.net.  

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JA Sets October Dates for Special Delivery Show in NYC

The JA New York Special Delivery show, held at the Jacob Javits Center in New York City, will take place October 26-28.

The cash-and-carry show is uniquely positioned to offer retailers from across the country access to relevant, last- minute product to fill their showcases just in time for the holiday rush.

Exhibitors on display also benefit by the timing of the show by getting the opportunity to downsize their inventory so that they can start on the development of new collections.

“The timing and format of the October show has been a proven success,” noted Drew Lawsky, JA New York Group Show Director. “The purpose of this show has always been to satisfy the unique needs of our community, both exhibitors and retailers, in time for the holiday selling season. Having the ability to walk out with the product needed to fill showcases rather than waiting for orders to be filled is crucial to our retailers’ needs.” 

While core collections have already been established in most retail stores, certain items that have been trending in recent months, many of which are available at the JA Special

Delivery Show, will need to be available at retail in order to meet consumer demand. 

“Small necklaces that you can layer, including bar necklaces, are hot, as are initials,” explained National Jeweler editor-in-chief, Michelle Graff. “We also expect ear cuffs, ear climbers and midi rings to trend this holiday season.”

JA New York Special Delivery boasts over 450 exhibitors who will be offering attractive profit margins for their retail customers. 

 

For more information about JA Special Delivery, contact Michelle Orman at Michelle@LastWordComm.com or at (646) 302-5521.

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London Jewelry Show Reports Success in New Venue

International Jewellery London welcomed the jewellery industry in style last week to its new home at Olympia Grand in London.

"Our new venue proved to be the perfect setting for IJL's best show ever, with an increased number of senior key retailers and buyers attending, especially from Ireland and overseas. It provided a really stylish backdrop for the superb line-up of leading UK and international jewellers and designers to present their collections, many of whom have already signed up for 2015. As a barometer for the industry, the feedback was incredibly positive and upbeat, confirming that IJL now rivals its European counterparts," says Sam Willoughby, Event Director.

The landmark British setting was praised by exhibitors and visitors alike as a world-class showcase for the 550 high profile designers and global brands present, some of which exhibit only in the UK at IJL.

The venue, which offered stunning natural light and a sense of space, was the perfect launch-pad for many new collections and over 150 new companies from around the world – together with a wealth of exciting new show features and highlights. These included the first ever Late Night Shopping evening and Breast Cancer Care Charity Auction, the inspirational seminar programme, the latest trend intelligence and the glamorous runway shows.

As the industry's UK flagship show with an exceptional quality and breadth of suppliers and top class buyers, exhibitors reported that this year's IJL was their show to date - resulting in an unprecedented demand for space at IJL 2015.

Testimonials include:

"We have had a hugely successful show, with excellent business throughout the three days and the highest calibre of retailers and buyers that I can recall for a long time coming to see us - several of whom were outstanding. The jewellery industry is spoilt for choice and to attract the top tier, a show has to be good and IJL really got it right this year. The length of the show was perfect, as is the new venue. We are thoroughly satisfied," commented John Coupland, Saunders Shepherd & Co Ltd.

This was echoed by John Cooney of IBB Dublin: “We were more than pleased with our IJL 2014 business at the new venue in London Olympia. It was the most successful ever UK trade show for our brand Mi Moneda. Our sales were the highest ever achieved since launch and we are excited by the new contacts made. It was a superbly run event and was attended by almost all the Top UK Jewellers. It was also great to see such a large Irish contingent after a few quiet years. We are looking forward to IJL 2015."

Antwerp Diamonds also experienced a good show, with Dax Humberstone stating: "IJL is the only UK show we exhibit at and it should be an integral part of any jewellery company's business plan. It has a much more professional approach and understanding of exhibitors' needs and what attracts retailers and buyers, than its competitors. And we had excellent sales over the first two days."

Kevin Gabriel, from another international brand, Danhov, reiterated: "IJL is the only show we come to in the UK. As we look to meet our business goals of expanding into the UK, the event really helps to increase awareness and meet retailers and buyers."

Andrew Morton of WB The Creative Jewellery Group, commented: “IJL is always an important show for us and this year was a great success for Domino, Weston Beamor and Gecko, who all exhibit at the event. We were very pleased with the location of our stands and felt that the change of venue was a good move, breathing new life into the show and bringing a great feeling of enthusiasm from both exhibitors and retailers.”

Tammy Lam from Links of London, added: "IJL gives us great exposure for both Links of London and Folli Follie to the right kind of UK and international buyers. It's good timing for our brands. The show also provides a brilliant overview of the industry in the UK with big brands alongside contemporary designers. The venue is excellent.”

Other international brands enjoyed their debut on the elegant, spacious Boulevard, such as Buchwald who have already signed up for IJL 2015. "We have met existing customers and created many new business opportunities - and our stand location was great!” stated Angela Buchwald, owner of the business.

Many major new collections were launched this year at the show – spear-headed by Endless’ global launch of their new Jennifer Lopez Collection of cult charm bracelets. Business was brisk, with Jesper Nielsen commenting: "We had a nice trade show in London and we’re very pleased with the way it went. For the first time, we presented our new Jennifer Lopez Collection by Endless Jewelry live, and I must say, I was very pleased about the way it was received at IJL. We managed to go well beyond our sales targets with the Endless UK and Ireland team bringing in some 40 new customers, which is also due to the way the show was organised by IJL."

Business was also brisk in the Design Gallery and Designer Brands areas on the first floor gallery, both of which provided a striking bird's eye view of the show.

This was supported by Frank Rasmussen of C6 by Anne Cohen: “IJL is a fantastic experience in a great location with an excellent quality of international visitors”.

Philippa Glinn of Claudia Bradby Jewellery added: “IJL helps us keep our finger on the pulse of the jewellery industry. It is the best showcase and largest event specialising in jewellery set in a unique location.”

This was echoed by Linda Macdonald of Linda Macdonald Jewellery: “Olympia as a venue for IJL has been perfect – a stunning building with lots of good space and light – and the designer section on the gallery was well placed. The show was a success for us, gaining new accounts and catching up with many existing customers too. We felt the interest from overseas was good too, ranging from South Korea to Japan and Holland.”

Jorg Schlieffers from the newcomer, Saxons of Oxford, and winner of the Editor’s Choice Technical Excellence category, commented: “We came to IJL as it is the biggest and most recognisable industry event in the UK. We have received great exposure for the brand – not just at the show but through all the ongoing media support.”

And the last word goes to Matt Houghton of Via Seres: “We launched Via Seres as a new business at IJL 2013, so IJL 2014 rounded off our first year in business. The new venue provided a great layout, light and space. Via Seres had a show target of five new retailers, in reality the show provided eight new retailers, with more likely to be added soon. Perhaps the best indicator of our satisfaction with the show is that we have named one of our new glass colour ways ‘Olympia Blue’. We can say without hesitation ‘We’ll be back!”

With IJL providing the ultimate showcase for bridal jewellery in the UK, designers with new bridal collections found interest was high. And not just from buyers, but also important journalists from consumer publications including You and Your Wedding.

Cindy Dennis Mangan, jewellery designer and owner of Dennis & Lavery Platinum, said: "My new bridal collections have been extremely well received. The heritage of IJL as the premier jewellery event gives it a great platform - and puts me together with my suppliers, peers and future business partners. IJL moves your business forward by six months in three days!"

Gaynor Turner of Macintyres of Edinburgh commented: “IJL is held at a good time of year and is positioned perfectly for Christmas buying. It attracts the best of all the UK and overseas manufacturers and designers in one place. It is a great way to see a lot of people in a short time!”

"I was looking forward to ILJ at Olympia. It's an extraordinary piece of elegant Victorian architecture boasting a vast span roof of glass which perfectly suits the evocative glamour of the jewellery industry. I walked in and was immediately blown away by the spaciousness and style of the show's lay-out - different areas, neatly arranged to give individuality to the multiplicity of exhibitors. The aisles were invitingly wide and easy to navigate. I was relieved to see how easy it was to access the upper gallery and reassured that the designers there were given the prominence they deserve. Overall, for me, the show was 100 times better than when at Earl’s Court,” added Vanessa Burkitt, Managing Director of Catherine Jones of Cambridge.

Adelle Thompson from Beaverbrooks, added: "IJL is an ideal opportunity to see many suppliers in a short period of time and it also helps us plan product development and our strategy for 2015. As well as acquire a few tasty morsels for Christmas 2014!"

IJL 2014 also attracted a host of powerful UK and international editors from magazines such as Elle, Red Online, Hello and Glamour to national newspapers like the Telegraph, Sunday Times, FT and the Daily Mail - not to mention, top bloggers and news broadcasters.

The new Late Night Shopping Event on the first day of the show proved to be a considerable draw for visitors and was teeming with style-savvy jewellery buyers and retailers enjoying the entertainment. One of the highlights of the event was the Charity Auction, with the industry generously supporting the Breast Cancer Care cause and raising over £3000. The star lot of a hand-crafted charm bracelet, designed by Sarah Jordan and cast by Birmingham’s Hockley Mint, with individual charms created by high-profile designers, was successfully bid for by Julia Clarke of Hester Clarke.

Sarah Ho of Sarah Ho London commented: “The new-look show is terrific, more sophisticated and had a really good feel about it. The new features were a real highlight. The VIP evening encouraged visitors to wander around, look at stands and chat without feeling pressurised. It added atmosphere to the end of the day.”

The daily Runway Shows showcased the four key trends for S/S 2015 as identified by Trend partners Adorn Insight - Eden, Fusion, Shape It and Timewarp. The innovative design talent really sparkled on the catwalk and provided buyers with an invaluable insight into the new collections being launched at the show for the coming seasons.

Fashion expert, Hilary Alexander, commented: "This year's catwalk show at IJL worked really well. It was cleverly choreographed and styled to show the jewellery to best advantage."

IJL has set the bar as the show to see the ‘Ones to Watch’ with the Bright Young Gems and KickStart initiatives. The five Bright Young Gems were revealed on the first day as Joanna Bury from Truro & Penwith College, Kiki Tang from The Cass, Youjin Nam from the Royal College of Art, Hyuen-hee Jessie Seo and Fortuna Weeks both from Central St Martins. Fortuna Weeks was chosen as The Retailer’s Choice by Bec Astley Clarke, Founder and Executive Chairman of Astley Clarke.

The KickStart designers, hand-selected by the IJL team and the British Jeweller's Association, proved themselves as ten ‘Best of British’ young jewellers, including the People's Choice winner, Kristjan Eyjolfsson who was also awarded the Adorn Insight Award as the one outstanding KickStarter.

Some 80 industry experts featured in the three-day seminar programme which, for the first time, was complemented by a series of one-to-one Advice Clinics. Inspirational speakers included James Amos from Boodles, Jo Fairley, co-founder of Green & Blacks, Jesper Nielsen from Endless Jewelry and Amber Atherton from My Flash Trash.

Both visitors and exhibitors reaped the benefit of industry experts. The UKTI Breakfast seminar for exhibitors featured top exporting tips from exhibitors; Buckley Jewellery, Domino Jewellery and The Jewellery Box. Visitors also picked up important design and commercial tips, thanks to the Editor's Choice Awards selected by Claire Adler, Jewellery and Luxury Consultant, who met the five lucky Editor's Choice winners at the show - all who enjoyed a productive show.

David Maine of Chrysalis (winner of the Commercial Vision category) commented: “IJL meets our business needs perfectly. IJL is the only event where we see all our target customers - and being selected as an Editor's Choice winner was the icing on the cake, as it gave us lots of extra valuable exposure. We've had a really good show with some excellent leads."

Awards Update

  • PJ Watson won this year's Gem-Empathy Award
  • The prestigious IJL Gold Cup went to Marcia Lanyon
  • Winners of the F Hinds High Street by Design Awards were:
    - Jewellery Lover – Up to 12 Years Category: Ella Miles (11) from Paignton, Devon
    - Jewellery Lover - 12 – 18 Years Category: Noi McMillan (18)) from Girvan, Scotland
    - Jewellery Lover – Over 18 Category: Marina Shavyrina-Shkolyar from Khmelnitsky, Ukraine
    - Student Jewellery Designer: Yesha Shah Samirbhai from Ahmedabad, India
    - Current Jewellery Designer: Winnie Lestari from Surabaya, East Java, Indonesia
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FTC Responds to Industry Question Re: “Made in USA”

Responding to an industry request for an advisory opinion regarding recycled metals, the Federal Trade Commission stated that unless a marketer can substantiate that all components of a product – including natural resources – originated in the U.S. it should not advertise the product as “Made in the USA.” The FTC issued its response on September 9, 2014.

In June of this year, four trade associations, along with the Richline Group, requested an advisory opinion from the FTC stating that jewelry composed of metals recycled in this country could be advertised as “Made in the USA.”

The four associations were the Jewelers Vigilance Committee, the Manufacturing Jewelers and Suppliers of America, Jewelers of America and the American Gem Trade Association. The FTC’s standard for advertising a product as “Made in the USA” is that the product must be “all or virtually all” made in the United States.

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

The trade associations and Richline asked the FTC to focus on products made from metal recycled in this country, and to allow those products to be advertised as “Made in the USA.” The request for the advisory opinion was based on the fact that upon recycling in the U.S., metal begins a new life cycle, with a new origin in this country, regardless of where it was originally mined.

In its response, the FTC cited available consumer research showing that almost 3 in 5 Americans believe that “Made in America” means that all parts of a product, including any natural resources it contains, originated in the U.S. The research also showed that 33 percent of consumers believe that 100 percent of a product must originate in a country for that product to be called “Made” in that country.

The FTC included in its response that its staff is available to help craft qualified claims that avoid deception while highlighting the work done to recycle precious metal in this country.

The trade associations and Richline are considering further steps, in accordance with the FTC’s response. That response, as well as the original request, will be posted to the public Commission Website.

For additional information, contact Suzan Flamm at suzan@jvclegal.org.

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Original Miami Beach Antique Show Sets Winter Dates

Thousands of antique enthusiasts will once again gather at the Miami Beach Convention Center for 54th Annual Original Miami Beach Antique Show. The event will be hosted by U.S. Antique Shows, the world’s leading producer of indoor antique shows, on Jan. 30-Feb. 3, 2015.

“The Original Miami Beach Antique Show offers a vast selection of exceptional antiques from dealers worldwide and sets the pace in the antique market for the entire year,” says Dan Darby, Emerald Expositions vice president and U.S. Antique Shows general manager.

“At the 2015 show, attendees can look forward to an increased presence from European exhibitors due in part to U.S. Antique Shows global partnership with the Italian-based Mercanteinfiera.”

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. On the show floor, attendees can explore collections from Renaissance to Art Deco eras including fine art, American and European silver, antique jewelry, 17th-19th century furniture, porcelain and more. Additionally, the convention center’s Flamingo Ballroom will be filled with elite jewelry dealers showcasing a variety of rare and unique antique, estate and vintage pieces.

To enhance the shopping experience and support education, U.S. Antique Shows will also continue to offer attendees’ unique opportunities to accompany the Miami Beach show such as the Second Annual Jewelry History Series.

The jewelry conference will take place before The Original Miami Beach Antique Show on Jan. 28-29 and has a comprehensive schedule including presentations from an array of jewelry experts, a complementary tour of the Bass Museum of Art and a tour of select booths prior to the opening of the show. For a complete conference schedule and details on registration costs, visit www.MiamiBeachAntiqueShow.com.

U.S. Antique Shows will once again partner with Skinner Auctioneers & Appraisers to host Appraisal Day during the show on Saturday, Jan. 31. 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.

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.

Show times for the 2015 show 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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NBA Star Helps Tissot Celebrate Opening of First U.S. Store

Swiss Watchmaker Tissot hosted a fan meet-and-greet with NBA star and Tissot brand ambassador Tony Parker in New York City this week.

Parker joined the 161-year old brand in celebrating the opening of its first-ever boutique in the United States.

Some 546 guests visited the Fifth Avenue boutique to see Tissot’s full assortment of varied product lines, including the newly introduced Tissot T-Touch Expert Solar Tony Parker 2014 Limited Edition Watch and to meet Tony Parker himself. 

 

More information is available here.

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The IDEX Online Polished Price Report for September 11

Changes in prices of round diamonds were again relatively thin this week and overwhelmingly negative, according to the weekly IDEX Online Price Report.

Fancy shape diamonds saw a slightly higher level of activity than in previous weeks, with changes being marginally more positive.

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

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

 

 

 

Rounds

 

  • 0.18-0.22 cts several declines in top clarities, medium colors

  • 0.23-0.29 cts I / VVS1-VVS2 declines of 2-3%

  • 0.30-0.39 cts just two changes, one up and one down

  • 0.40-0.44 cts K / I1 -5.3% to $900 p/c

  • 0.45-0.49 cts K / I1 -5.0% to $950 p/c

  • 0.50-0.69 cts unchanged

  • 0.70-0.79 cts D / IF +0.5% to $10,200 p/c

  • 0.80-0.89 cts two declines

  • 0.90-0.99 cts K / I1 -2.8% to $14,000 p/c

  • 1.00-1.24 cts mostly declining

  • 1.25-1.49 cts just two changes, both downwards

  • 2 cts F / VS2 -2.7% to $17,800 p/c

  • 3 cts E / VS1-VS2 declines of 2-3%

  • 4 cts several declines in top colors and clarities

  • 5 cts unchanged

 



 

Fancy Cuts

 

  • 0.18-0.22 cts F / VVS 1 +4.2% to $1,250 p/c

  • 0.23-0.29 cts F / VS1 +3.5% to $1,500 p/c

  • 0.30-0.39 cts declines in better clarities, medium colors

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

  • 0.45-0.49 cts a range of increases

  • 0.50-0.69 cts unchanged

  • 0.70-0.79 cts mostly rising

  • 0.80-0.89 cts just two changes, one up and down

  • 0.90-0.99 cts G / VVS2-VS1 rises of 2-4%

  • 1.00-1.24 cts just one change, downwards

  • 1.50-1.99 cts just three changes, one up and two down

  • 2 cts K / VS1-VS2 declines of 3%

  • 3 cts three changes, one up and two down

  • 4 cts K-N / VVS2-VS1 rise of up to 3.5%

  • 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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Philip Stein Ceramic Watch Evokes Mind-Body Alignment

Philip Stein has introduced the first ceramic watch to house the brand’s innovative Natural Frequency Technology, designed to help wearers cope with stress and increase focus on a day to day basis. 

The new ceramic timepiece contains a unique technology disk which evokes a state of mind-body alignment by exploiting natural frequencies’ positive effects 

The new Ceramic Watch is the latest edition to the Philip Stein Signature Collection.

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Jewelers unblocked Names New Brand Ambassador

Jewelers unBLOCKed has named Nancy Robey to serve as the company’s Brand Ambassador. 

Robey, founder and owner of The Nancy Robey Partnership, Inc., will seek opportunities to expand Jewelers unBLOCKed brand awareness within the luxury jewelry marketplace. 

With more than 30 years of marketing experience in the luxury jewelry arena, Ms. Robey is known for her business acumen and deep relationships with premier jewelers, designers and manufacturers.  She is widely recognized within the luxury space as a distinguished expert in business strategy. 

“We are thrilled to have Nancy join our team,” said Jewelers unBLOCKed President and CEO Patricia Low. “Her extensive industry expertise is a strong complement to our brand focus as we continue to drive insurance innovation for the jewelry industry.”

“I am truly proud to add Jewelers unBLOCKed to my consultancy, as the firm’s impressive custom-tailored insurance programs and alliance with Chubb are a perfect fit for my high-end clients and business constituents,” explained Robey.

“An important business practice for me has always been to bring unique opportunities to my jewelry industry relationships."      

Robey’s career accomplishments include the creation of the Couture show in 1995, advising Reed Exhibitions’ Luxury by JCK, Elite Enclave at Luxury, Luxury Prive NY and other events. She has also served as Vice President and board member of associations within the jewelry industry, including the Women’s Jewelry Association and Jewelers for Children.

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WJA Accepting Entries for Diva Design Competition

Applications are open for the Women's Jewelry Association’s 2015 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 winner in each of the seven categories will receive $250 plus a trip to NYC to attend the WJA's annual Member's Gala in March 2015. 

The DIVA Design Competition is offered in two divisions:

Division I: GemDIVA 

Applicants enter finished jewelry. This is the third year WJA has partnered with the AGTA Spectrum Awards. Women who enter the Spectrum Awards are automatically eligible for an additional GEM DIVA award in four of AGTA's categories, Bridal, Business/Daywear, Classical, and Evening Wear. When filling out the AGTA Spectrum Award application, applicants simply enter one of those four Spectrum categories, then check the GemDIVA box to be separately and additionally judged by a panel of WJA design experts. 

 

Application Deadline: September 19, 2014.
 
Division II: DazzleDIVA 


Applicants enter 2-dimensional entries (renderings of designs that have not been realized or photographs of jewels that have already been made). This allows for the widest possible entry pool and judges the design solely on uniqueness, how well it fits the theme and, how well executed the idea. The theme for Division 2 is Transformation, to mirror WJA's 2014 Theme "Connect and Transform." Entrants can interpret the theme literally, figuratively, or any way they wish but they must list on the application how their entry fits the theme. 

Deadline: October 3rd, 2014.

For more information, please contact Cindy Edelstein, WJA DIVA Competition Chair, at 914-738-8485 or cindy@jewelersresource.com.

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GIA Names VP for Ethics and Compliance

Gemological Institute of America has appointed Katherine Palmer Andrews to the newly-created position of vice president of Ethics and Compliance. 

Andrews has extensive experience developing enterprise compliance programs and leading global teams, including six years in chief compliance officer roles at General Electric Co. She will work with senior management to ensure the integrity of the Institute’s compliance and ethics programs.

“GIA has been named one of the World’s Most Ethical Companies by the Ethisphere Institute for the last two years in recognition of the excellent work that has gone into our compliance program. Katherine’s impressive skills and experience will help us build upon that success, ensuring that GIA continues as a leader in ethics and compliance,” said Susan Jacques, GIA’s president and CEO. 

“It is paramount that we do our very best to ensure the public trust in gems and jewelry. I’m looking forward to working with my new colleagues at GIA to build the Institute’s organizational capacity to meet the compliance challenges and opportunities that lie ahead. This will be my top priority,” added Andrews. 

Andrews has experience with the U.S. Department of Justice Antitrust Division, in private practice and as an in-house attorney for GE Energy. She led the global compliance team at GE Energy for five years and was responsible for all legal and compliance aspects of the integration of a significant mining equipment and services company into GE Transportation. She joins GIA from Thomson Reuters, where she developed an enterprise-wide compliance program. 

Andrews is a founding member of the Chief Compliance Officers Forum in Atlanta and a board member of the Georgia Bar Antitrust Section. She holds a Doctor of Law (JD) degree from Duquense University School of Law and a Bachelor of Mechanical Engineering from Villanova University. 

Andrews began her tenure with GIA on Monday, Sept. 8. Based in New York, reports to President and CEO Susan Jacques.

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Arch Crown Offers Eco-Friendly String Tags and Earring Cards

Arch Crown now offers Eco-Friendly string tags and earring cards made with a minimum of 30 percent post consumer fiber. 

Tags are FSC and Green Seal Certified Carbon Neutral Plus, ensuring a reduction in carbon emissions plus a commitment to conserve the environment. 

Heavy cover (13 point) stock is sturdy for long-lasting durability and smooth for writing. Earth-tone color stock and color coordinated cotton string keeps your customers’ focus where it belongs... on the jewelry. Eco-Friendly tag stock is available in many styles of string tags and earring cards.

For free samples, call toll free 1-800-526-8353.

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Kassoy Appoints New Marketing Director

Catherine Dugan, nee Dunbar, has rejoined Kassoy LLC as Marketing Director.

Possessing degrees in both Business and Graphic Design, Dugan comes with a wealth of experience and a diverse range of skills. After her previous four-year tenure at Kassoy, she spent time as the Graphic Design Manager for Stanton Carpet.

“We are beyond thrilled to welcome Cat back on our team,” said Joanne Slawitsky, President of Kassoy LLC. “Her previous experience in our Marketing Department leaves me extremely confident that she will succeed in this role.”

For all Marketing inquiries, please contact Catherine at cdugan@kassoy.com.

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Pascal Lacroix Sponsors Bracelet Give-Away

Award winning luxury bracelet designer Pascal Lacroix is celebrating 35 years as a successful artist with a social media-driven giveaway designed to give back to the retailers that have supported him these many years.

On September 23, 2014 a microsite (www.pascallacroix/lucky) on Pascal Lacroix’s web site will go live with a registration form for the drawing of a beautiful Pascal Lacroix hinged bracelet from the new Weave Collection (14K gold with 22 diamonds 1.1 ct TW) with a retail value of $7,500. A link to the microsite will also be available via Pascal Lacroix Design’s Facebook page.

Each entrant that registers will be assigned a unique serial number. The giveaway will run until October 14, 2014, at which time the winning serial number will be chosen by random drawing.

Lacroix’s retail partners will be able to publicize the giveaway through Facebook, Pinterest, Instagram, email blast and postcard mailings to their customers.

The store that refers the Grand Prize winner will be able to stage the delivery of the winning bracelet to the lucky winner and generate additional excitement. Additionally, the referring retailer will also receive a second prize of a 14K gold hinged bracelet from the Weave Collection with a retail value of $3500 if they are identified as the referring party.

Retail partners of Pascal Lacroix that have not yet received the promotional materials for this exciting promotional giveaway can email pascal@pascallacroix.com.

The retailers’ customers and Pascal Lacroix’s private clients can also participate by sharing the giveaway on their own Facebook pages. Each entrant will be required to identify who referred them so that the referring person or store can receive the referral second prize. The person or store sharing the opportunity will be the recipient of the second prize if properly identified as the originating referral to the winning entry. If there is no referral identified or because the participant found out about the giveaway by visiting the Pascal Lacroix website or Facebook page, then the second prize will be awarded by a second drawing from the remaining referring parties.

No purchase necessary to win. No cash equivalent will be given and no substitutions will be allowed. Only one Grand Prize and one Second Prize will be rewarded.

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Jorg Gray Releases Digital Campaign

California-based watch brand Jorg Gray has released a new digital marketing campaign, “What’s Jorg Style?”

The campaign supports the brand’s plans for continued global expansion—further establishing it as a leading provider of premium quality watches with modern, detailed design and effortless American style.

The “What’s Jorg Style?” campaign features multiple Jorg Gray collections, including its signature line, sports and classic timepieces, as well as ladies watches. Viewers follow a storyline for each collection, visualizing each watch in different scenarios as an expression of one’s unique individuality and sense of style.

The ads vary from everyday lifestyle scenes to romantic vignettes – and are currently being served to targeted audiences online and across social media platforms. The sequential narrative-based advertisements drive online audiences to follow the unfolding story at http://www.jorggray.com/jorgstyle, and also inspire viewer involvement by encouraging them to find a Jorg Gray watch that defines their own personal style.

“The tagline for our campaign – ‘Your Life, Jorg Style’ – draws attention to the sophistication and individual expression of the brand,” says Jorg Gray president Trevor Gnesin. “We want our viewers to be drawn to the style, size and value of the watches.”

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Crown & Caliber Boosts New Sales App

Unlike other online options for selling watches, Crown & Caliber will sell your watch for you. The new app allows people a faster way to start the quote process anytime, anywhere from their smartphone or tablet and still offers sellers the full “white glove” treatment Crown & Caliber gives its customers.

“The majority of our site traffic is mobile, so we wanted to make the selling process more convenient for our customers wherever they are,” said Hamilton Powell, CEO and founder of Crown & Caliber. “Watch lovers might be in a store looking for a new watch and be prompted to use our app to generate a quote for a watch they wish to sell or they may just prefer the on-the-go flexibility of using their device.” 

Crown & Caliber’s consignment service has quickly become known in the watch community as a superior alternative to selling a watch yourself. 

The first step is for the seller to provide basic information about the watch, either through the new app or on the website.

After that, the valuation team reviews the information and provides a preliminary quote, along with an insured, pre-paid shipping package for the customer to safely send the watch for inspection.

Once the watch is received, the company will then service/clean the watch and then list it on its site – exposing it to thousands of watch enthusiasts both domestically and internationally. The watch then sells in 60 days or less at or above the original estimate given to the watch owner.

For more information on how the service works, visit: http://www.crownandcaliber.com/the-process

 

The new Crown & Caliber app is now available for free download on both iOS devices (iPhone, iPad) at the App store.

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White Pine Purchases Bauman-Massa Inventory

White Pine Trading has purchased a large inventory of high-quality jewelry from the recently liquidated, St. Louis-based, Bauman-Massa Jewelry Co.  This procurement follows White Pine’s recent acquisition of inventory from JewelAmerica. 

Founded in 1882, the family-owned Bauman-Massa was well known among retailers across the Midwest for its focus on providing high-fashion items at affordable prices.  Its two nationally recognized designer lines -- The Bauman-Massa Collection and Designs by Kate McCullar -- meet a wide variety of price points. 

“We are very excited about our new, high-quality inventory from Bauman-Massa,” said Michael Lebowitz, Director of Jewelry for White Pine Trading. “The inventory, which will be available to existing and new retail accounts at discounts ranging from 25 to 40 percent off, includes bridal diamond jewelry, colored stones, fashion jewelry and more. This newly acquired collection provides price diversity that will help round out our already impressive inventory of higher-end products.” 

In addition to its finished jewelry, Bauman-Massa imported loose diamonds through its offices in Tel-Aviv and Mumbai and was a direct importer of freshwater, Chinese Akoya, Japanese Akoya, Tahitian and South Sea pearl strands.  Starting in early September, pieces from the company’s line of silver and diamond fashion jewelry will also be available to the trade through White Pine.

“This inventory acquisition is part of a broader, customer-centric strategic direction at White Pine,” Lebowitz said. “Through our new closeout wholesale division, we are striving to give our customers even greater access to better brands and jewelry. Our sales force will be bringing this product to retailers at prices ranging from 25 to 40 percent below what they would typically pay when purchasing directly from the manufacturer. Simply put, we are giving our customers more opportunities to pick up high-quality pieces at great prices, thereby increasing their margins.”

 

For more information on the Bauman-Massa inventory, contact Lebowitz at (646) 758-0265 or mlebowitz@whitepinediamonds.com.

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Jewelers Mutual Offers Help with Cyber Breaches

In response to the rising threat of data security breaches, Jewelers Mutual Insurance Company has created data breach and cyber related protection to better serve the changing needs of jewelers. 

As more and more information is stored electronically, the potential for data breaches, identify theft, cyber fraud and other threats is growing, and the resulting costs and damage to a jeweler's reputation can have lasting effects on jewelry businesses. 

"At Jewelers Mutual, we are always listening to the needs of agents and jewelers as we build coverage that fits their growing and changing businesses," said Darwin Copeman, president and CEO of Jewelers Mutual. "Forty seven states have laws in place requiring businesses to notify individuals of breaches involving personal information, and that puts jewelers in a tough spot to navigate the requirements and the associated costs. It's not as simple as saying, 'I'm sorry,' but Jewelers Mutual can help your business recover." 

Response coverage from Jewelers Mutual helps jewelers meet state and federal requirements for notification and includes legal counsel, forensic IT reviews, credit monitoring and identity restoration services.

What constitutes compromised data? A data breach occurs any time a business is responsible for the loss, theft, accidental release or accidental publication of personally identifying information.

Small businesses may actually be more susceptible to data breaches than large corporations because they don't have a team dedicated to information security or the resources to handle a reported breach. In fact, 55 percent of small companies have experienced at least one data breach according to The Ponemon Institute, which conducts independent research on privacy, data protection and information security policy. 

Elevating the risks, many jewelry businesses are selling their products online, to consumers and to other jewelers. Jewelers Mutual also provides e-commerce coverage to protect jewelers from the loss of business income and expenses incurred when they have a covered suspension or slow down in e-commerce activity. It also covers the restoration or replacement of electronic data that is destroyed or corrupted.

Still, one of the greatest myths about data and cyber security is that jewelers aren't at risk if they don't handle retail transactions online. According to Copeman, "There are a lot of ways criminals can steal data from any business. If you have your employee information stored on a laptop, what happens if it's stolen? This coverage is designed to protect your business from a wide variety of data and cyber threats, whether it's a stolen laptop, an untrustworthy employee who makes a copy of sensitive information, electronic hacking or even cyber fraud."

Jewelers can learn more about data breach and cyber related coverage by speaking with a Jewelers Mutual agent by phone at 800-558-6411 or email at YourInsuranceExpert@jminsure.com. More time-tested strategies to help prevent losses and protect jewelry businesses can be found at JewelersMutual.com.

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The IDEX Online Polished Price Report for September 5

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Mostly negative changes in prices of round diamonds again this week, according to the weekly IDEX Online Price Report.

 

Meanwhile, in fancy shape diamonds, there were low levels of activity this week, mostly 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 a wide range of declines

  • 0.23-0.29 cts just two changes, both upwards

  • 0.30-0.39 cts I / VVS1-VVS2 declines of 2%

  • 0.40-0.44 cts J-K / VVS2 declines of 2-3%

  • 0.45-0.49 cts just one change, a decliner

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

  • 0.70-0.79 cts M / SI1-SI2 declines of 2-3%%

  • 0.80-0.89 cts several declines in lower colors, better clarities

  • 0.90-0.99 cts two declines

  • 1.00-1.24 cts two declines and one riser

  • 1.25-1.49 cts L-M / I1 rises of 4%

  • 2 cts M-N / SI2-I1 rises of 2-3%

  • 3 cts two changes, both downwards

  • 4 cts just two changes, one up and down

  • 5 cts F / VVS2 +2.9% to $69,600 p/c



Fancy Cuts

 

  • 0.18-0.22 cts unchanged

  • 0.23-0.29 cts G-H / VS2 rises of more than 4%

  • 0.30-0.39 cts just two changes, both downwards

  • 0.40-0.44 cts mostly rising

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

  • 0.50-0.69 cts unchanged

  • 0.70-0.79 cts D / VS1 -2.1% to $4,750 p/c

  • 0.80-0.89 cts L / I1 +4.8% to $1,100 p/c

  • 0.90-0.99 cts E / IF +3.4% to $9,100 p/c

  • 1.00-1.24 cts just three changes, all downwards

  • 1.50-1.99 cts G / IF -1.8% to $11,100 p/c

  • 2 cts D / IF -3.0% to $32,200 p/c

  • 3 cts three changes, all declines

  • 4 cts just two changes, one up and down

  • 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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Stuller Hosts Second Bench Workshop

Due to the overwhelmingly positive response received regarding this year’s Spring Bench Jeweler Workshop, Stuller has announced it will host a second event September 26-28. 

“We’re very excited about the increase in attendance this year,” says Darrell Warren, VP of tools and supplies. “This fall event will give jewelers a great opportunity to sharpen their skills before the holidays.”

The two-day event will host a variety of Stuller experts and industry professionals alike including Kate Wolf, Blaine Lewis, Kelly Williams of K.W. Goldsmith, Jim Tuttle of Green Lake Jewelry Works and more. There will be numerous live bench demonstrations and educational sessions. 

And guests have the chance to win big while at the event. Attending the workshop automatically registers participants to win one of two prizes: a $1,000 Stuller account credit toward new purchases or a Meiji EMZ-5 microscope and stand (a $2,095 value!)

“I’ve gained valuable information about new products and ways of doing things at the bench, as technology is ever changing in our industry. I figured out how to keep doing what I’m doing, but do it even better.” – Garry Miller of Kiefer Village Jewelers. 

 

For more information or to register, please visit stuller.com/workshop.

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GemFind Designs New Website for Gem Platinum/Jeffrey Daniels

Gem Platinum/ Jeffrey Daniels Unique Designs has selected GemFind to design their new website and improve the technology behind the site’s new look. 

The new site utilizes GemFind’s JewelCloud Social Product Network that allows the jewelry designer to provide outstanding support to retailers – including showcasing their pieces on retailers’ websites, connecting with retailers where they have no representation, providing retailers with real-time access to virtual inventory, feed managed product data into authorized retailers stores’ websites, monitor product performance across a retail website network and much more.

The new site lets Gem Platinum/Jeffrey Daniels Unique Designs perform multiple functions which were not previously possible, including invite and connect with new retailers – even in areas where they have no representation, start conversations with retailers, search hundreds of the industry’s top retailers and connect with them, feed managed product data into their authorized retailers’ stores websites in real-time, monitor product performance across retail website networks, assign sales reps to retailers, schedule appointments and provide access to marketing materials – all from one location online.

The jewelry designer decided to expand their relationship with GemFind after the tech company’s successful management of their social media marketing, including the Gem Platinum/Jeffrey Daniels Unique Designs blog, Facebook and Pinterest pages. GemFind increased the jewelry designer’s Facebook Likes from 600 to more than 65,000 in just one year, allowing them to gain new retail customers.

“I am extremely pleased and enthusiastic about our partnership with GemFind,” said Jeffrey Post, Director of Gem Platinum/Jeffrey Daniels Unique Designs. 

“I had been working with other site developers and managers for many years on my previous websites. While the other companies were extremely capable in accomplishing my prior goals, I felt there wasn't enough internal support to address this new effort in a timely manner and across multiple platforms. After GemFind’s tremendous success with our social media, including our Facebook, blog and Pinterest pages, we tasked the company with creating our new website. The new site is now in ‘soft launch’ mode, but initial responses from our retailers have been very positive. In fact, although we have not yet made a public announcement for our new website, I have received several new requests from retailers asking for more information about different pieces.” 

“I have known GemFind for 15 years and I know firsthand what they are capable of and what they can accomplish,” continued Post. “GemFind has the technological savvy to understand exactly what we wanted and needed, what was possible, and then deliver it. Their team is always available to discuss ideas, problems and solutions – and this makes the effort seamless. While I am just at the point of opening the door to getting all the new technology tools in place to move ahead in the 21st century, I am confident that all GemFind has to offer will continue to bring Gem Platinum/Jeffrey Daniels Unique Designs success moving forward,” concluded Post.

 

Visit www.gemfind.com for more information on GemFind. Visit www.gemplatinum.com for more information on Gem Platinum.

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Hasenfeld-Stein FireCushion for Independents Only

The patent-pending FireCushion, and the FireCushion Forevermark, were officially launched by Hasenfeld-Stein at the recent LuxuryJCK Shows in Las Vegas.  And the reaction was every bit as exciting as their FireMark launch 6 years ago.  In fact, over 50 retailers, representing over 100 doors, committed to be exclusive resources for FireCushion in their geographic areas right at the Las Vegas Shows. 

Created exclusively for independent retail jewelers, FireCushions are not available on the internet, in major chain stores or mass merchandisers in the US or Canada. 

FireCushions are classified Cushion-Brilliant (not Modified Brilliant) by the GIA, and rated “Excellent” in both polish and symmetry.  Of extreme importance to consumers (and therefore retailers), a FireCushion appears at least 15 percent larger than typical Cushions of the same weight.  

In fact, many appear far more than 15 percent larger.  Modified Brilliant Cushions are typically cut with a large “belly”, adding unnecessary weight to the stone that customers shouldn’t have to pay for. With FireCushions however, facets go directly from girdle to culet, eliminating that extra belly and excess weight.

“This was the next logical progression for our company,” explained Hertz Hasenfeld, President of Hasenfeld-Stein, the creator of the patent pending FireCushion.  “After the success we enjoyed with the FireMark® Princess, we wanted to do the same or similar with a Cushion. 

“We knew from studying RapNet that less than 1 out of every 1000 Cushions in the world were GIA Ex Ex Cushion Brilliant”, Hasenfeld continued.  “And we knew that we could see the difference in brilliance in our new diamonds.  But we were certain we had an important breakthrough when our customers almost unanimously told us they could see the difference immediately.  And there’s good reason. To begin with, most diamond manufacturers cut crystal rough to maximize weight.  We always cut weight to maximize the diamond’s beauty.  And we keep our parameters extremely tight.”

Most importantly, all FireCushions (in fact, all Hasenfeld-Stein diamonds, including Rounds and FireMark) are cut for maximum light return. Every FireCushion has a minimum 95 percent light return. This is a direct result of its patent pending, proprietary cutting techniques,

All FireCushion retailers receive full marketing support, including geographic exclusivity, point-of-sale selling tools, sales training, and graphics and videos for their online presence. 

 

For more information on how to become an exclusive FireCushion retailer, please call Steve Feldman at Hasenfeld-Stein – 212-575-0290, or email Steve at sfeldman@hasenfeld-stein.com.

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Quadamas Introduces New AsscherQueen Cut

Los Angeles based manufacturer Quadamas, Inc. have introduced the all new “AsscherQueen” diamond to the US jewelry market. 

Israel “Izzy” Itzkowitz, CEO and designer of Quadamas, has six US patents on this new cut, a creative extension of his previously released Asscher cut Princess line. 

The all-new “AsscherQueen” diamonds will be available in loose stones from 3.1mm & up Calibrated, as well as ½ carat and larger stones starting from M color and S12 clarity on up to higher grades, each with its own GIA certificate and an “AsscherQueen” logo laser inscribed on the girdle. 

Additionally, a small bridal jewelry collection featuring the “AsscherQueen” stones designed by Izzy will also be available. 

These “AsscherQueen” stones enhance the brilliance of a diamond, offering added value to the consumer and higher margins and market share for jewelry retailers.

“The ‘AsscherQueen’ performs better than most round diamonds,” says David Fairclough of David Fairclough Fine Jewelers in Toledo, Ohio. “It is an amazing achievement in the realm of diamond cutting.”

One hundred and twelve years in the making, this creative new cut combines the legacy of Joseph Asscher’s 1902 Asscher cut with the Princess cut innovation as developed by Itzkowitz and his ex-partners in 1980. 

In 2008, Itzkowitz decided to work the two cuts together in a complimentary way and thereby created the new “AsscherQueen” cut, combining the Asscher facets (4 steps) on the Crown with modified Princess facets on the Pavilion, effectively doubling the number of facets on the Pavilion in a single stone and creating the ultimate brilliancy in an Asscher cut diamond. 

Newly launching in 2014, the “AsscherQueen’s” higher quantity of facets produces greater brilliancy, scintillation and dispersion for additional sparkle, along with decreased fragility due to the cut corners, creating a more durable stone, more resistant to daily wear fractures. The enhanced durability and brilliance are now available from stones beginning with M color and S12 clarity and higher.

“We are excited to offer the retailer a completely new branded diamond to increase their margins and grow the market share for Asscher cut stones,” says Itzkowitz, inventor of the Princess cut, the Princess Asscher Cut and now the new “AsscherQueen” cut. “The lower quality colors and clarity levels will add a whole new price category to the Asscher cut diamond, without sacrificing the brilliancy or sparkle.”

Itzkowitz, a legend in the jewelry industry, has long been regarded as an innovator in the gemstone category. The patented Asscher cut Princess (AcP) diamond, launched by Quadamas in 2011, has been described by Editor in Chief of Rapaport Magazine as “a mix of the best two classics with positive brilliance”. 

 

In the early 1980s, Itzkowitz and his ex- partners captured world attention with the creation of the Princess cut, now the second most popular cut in diamonds worldwide, second only to the round cut. Itzkowitz now brings his highly regarded creativity to a wider variety of stones, offering the potential to grow market share for Asscher cut diamonds while also increasing margins for exclusive retail partners.

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JA Releases 2014 Cost of Doing Business Report

Jewelers of America has released the 2014 Jewelers of America Cost of Doing Business Report. The Report compiles 2013 financial data from a cross section of jewelers and reveals sales, product distribution and operating trends of retail jewelers along with high-profit performance indicators so owners and managers can compare their figures and learn how to become more profitable. 

“The Jewelers of America Cost of Doing Business Report is designed to make it easy for jewelers to take a closer look at their balance sheets to benchmark their business operations. Our goal is to help retail jewelers see where opportunities lie and become more profitable,” says JA President & CEO David J. Bonaparte.  

Jewelers of America will be hosting a free webinar on September 10, at 2:00 p.m. EDT to reveal even more results and show retailers how they can reach realistic profit goals. Jewelry owners and managers are encouraged register here: https://attendee.gotowebinar.com/register/1880334569034760193.

The 2014 Jewelers of America Cost of Doing Business Report indicates that high-profit jewelers manage their profit margins and operating expenses more effectively than low-profit jewelers.

In 2013 high-profit jewelers had an 11.9 percent profit margin, three times more than the median for all jewelry firms (3.6%). High-profit jewelers also better managed their operating expenses, which accounted for 33.1 percent of their total expenses vs. 42.6% for all firms. 

The Report demonstrates that greater net sales do not equal high-profit (high-profit firms had $1,170,512 net sales compared to $1,771,773 for all firms). The Report also shows that high-profit firms may not always perform better in all critical profit variables but their combined critical profit variables performance produces better overall results. 

The Report provides detailed financial results for participating firms based on income statement, balance sheet and operating data for fiscal 2013. It has detailed data tables organized by jeweler category (high-end, mid-range, chains, designer), annual sales (under $0.8 million; $0.8 - $1.6 million; $1.6 - $3.5 million; over $3.5 million) and high-profit firms. The tables have more than 200 key performance measures, including:

  • How your store’s financial performance compares to that of industry averages and high-profit jewelers
  • Sales volumes within store types
  • Productivity ratios
  • Inventory turnover
  • Operating expenses
  • Balance-sheet data
  • Product distribution, including bridal jewelry sales 

 

Jewelers can see how their own store performance compares by ordering the 2014 Jewelers of America Cost of Doing Business Report at www.jewelers.org/codbr/ or contacting Jewelers of America’s Member Services department at 800-223-0673 or info@jewelers.org. It is available to Jewelers of America members for $49.95 and non-members for $199.95.

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Juwelo and Silverline Merge to Create Elumo

Berlin-based Juwelo TV Deutschland GmbH, a leading e- commerce retailer of gemstone jewelry in Europe, and Silverline Distribution Limited, jewelry manufacturer and operator of the New York Gemstones online store, headquartered in Hong Kong, have merged.

Newly formed Elumeo SE, Berlin, brings together the business activities of the two entities as well as those of the other international sites.

In particular, the manufacturing unit located in Chanthaburi, Thailand, will be integrated into the Group. 

Having worked together as part of a joint venture for several years, the two companies have thus created a formal framework to govern their collaborative efforts. Additionally, the new structure will strengthen the Group's position within the European jewelry market and create a launch pad for business expansion, particularly with regard to e-commerce activities currently being pursued by the company. 

"In bringing together our operations within the newly formed Elumeo, we have created a formal framework that reflects our long-standing market relationship and will allow us to further expand our business model – genuine gemstone jewelry at extremely competitive prices," says Bernd Fischer, Managing Director and Speaker of the Executive Board of Elumeo.

"We have thus put in place the structure needed to expand our customer base and have laid a solid foundation from which to pursue our ambitions for growth in the coming years."

Elumeo Group operates from six global offices located in Berlin, Rome, Bangkok, Hong Kong, Chanthaburi and Leamington Spa (UK) and employs more than 1,100 people in total. 

 

Employing some 750 people in a total of twenty departments, the Elumeo manufacturing unit is currently the largest jewelry producer in Chanthaburi. It is the first facility to have been granted quality standard certification by the Thailand Labor Department in recognition of its manufacturing operations and the quality of the jewelry produced.

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Jorg Gray Releases New Digital Campaign

California-based watch brand Jorg Gray has released a new digital marketing campaign, “What’s Jorg Style?” The campaign supports the brand’s plans for continued global expansion—further establishing it as a leading provider of premium quality watches with modern, detailed design and effortless American style.

The “What’s Jorg Style?” campaign features multiple Jorg Gray collections, including its signature line, sports and classic timepieces, as well as ladies watches. 

Viewers follow a storyline for each collection, visualizing each watch in different scenarios as an expression of one’s unique individuality and sense of style. The ads vary from everyday lifestyle scenes to romantic vignettes – and are currently being served to targeted audiences online and across social media platforms. 

The sequential narrative-based advertisements drive online audiences to follow the unfolding story here and also inspire viewer involvement by encouraging them to find a Jorg Gray watch that defines their own personal style.

“The tagline for our campaign – ‘Your Life, Jorg Style’ – draws attention to the sophistication and individual expression of the brand,” says Jorg Gray president Trevor Gnesin. “We want our viewers to be drawn to the style, size and value of the watches.”

 

To view the collections or to learn more, visit: www.jorggray.com.

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Hong Kong Gears Up for Jewelry and Gem Fair

UBM Asia’s September Hong Kong Jewellery and Gem Fair will be held from 15 to 19 September 2014 at AsiaWorld-Expo and from 17 to 21 September 2014 at the Hong Kong Convention and Exhibition Centre (HKCEC).

“The Fair occupies 135,000 square metres of exhibition space to accommodate more than 3,680 exhibitors from 51 countries and regions,” said Sunny Chan, Deputy Fair Manager, Jewellery Fairs, UBM Asia.

“New attractions at the Fair include exhibitors from Egypt, Kazakhstan, Norway and Tahiti. In addition, coral exhibitors from Japan will firstly exhibit under the banner of Japan Coral at the September Fair. Together with coral exhibitors from Taiwan and Italy, there are over 60 coral exhibitors offering fabulous loose corals at AsiaWorld-Expo. We expect to welcome more than 52,000 visitors from around the world throughout the fair's seven-day run,” Mr Chan added. 

Visitor pre-registration is available here until 1st September. The Fair Mobile App is now available for download at www.jewellerynetasia.com, to offer visitors with portable, one-click access to the latest information about the Fair.

The September Fair has the highest participation of key players in the world’s jewellery trade. This year, the Fair features 22 group pavilions spanning over two world-class venues. Groups represented are from Antwerp, Brazil, China, Columbia, France, Germany, Hong Kong, India, Indonesia, Israel, Italy, Japan, Korea, Poland, Singapore, Spain, Sri Lanka, Taiwan, Thailand, Turkey, the United States, and the International Colored Gemstone Association (ICA).

This year's Design Arena is bigger by 40 percent in terms of exhibition area and will greet visitors at a new location – the Chancellor Room and Mezzanine 4 of HKCEC. Also the International Premier Pavilion is bigger by 8.6% in terms of exhibition area.

The Alrosa Group, Russia’s leading diamond company and the world’s biggest diamond miner by volume, will continue to host its diamond auction at the September Fair at AWE. Meanwhile, the Paspaley Pearl Auction, now on its 53rd edition, will be held during the Fair in HKCEC. The Fair will again feature the world’s largest Diamond Pavilion, Asia’s biggest Gemstone marketplace and the biggest display of Hong Kong jewellery in the world.

AWE will display jewellery raw materials from over 1,700 exhibitors from around the world, while HKCEC will showcase fine finished jewellery from more than 1,900 international fine jewellery exhibitors.

To celebrate the grand opening of the Fair at AWE and HKCEC, two fair receptions will be held:

  1. AWE Welcome Reception - Organised by UBM Asia and sponsored by the Israel Diamond Institute (IDI), the Fair Reception will be held on 15 September at the Arena Kitchen at AWE.
  2. HKCEC Welcome Reception - Organised by UBM Asia, the Fair Reception will be held on 17 September at the Grand Foyer of HKCEC.

Diamond Auction by Alrosa Group will be held from 15 to 19 September at AWE. Admission is by invitation only.

A world-renowned pearl auction, the 53rd Paspaley South Sea Pearl Auction, will be held from 20 to 22 September at HKCEC. Admission is by invitation only.

There are a number of seminars, conferences and press conferences, to assist industry players in grasping the pulse of the market, to be conducted by leading international jewellery organisations and companies during the Fair, including:

  • The De Beers Group of Companies 
  • Asian Gemmological Institute and Laboratory Limited
  • Asia Institute of Gemological Sciences 
  • Gübelin Academy 
  • Gübelin Group
  • GRS Lab (HK) Limited
  • The Gemological Institute of America 
  • The Gem and Jewelry Institute of Thailand (Public Organization), and
  • The Gemnological Association of Hong Kong

For more details of special events, please surf here

The September Hong Kong Jewellery & Gem Fair is held concurrently with Asia’s Fashion Jewellery & Accessories Fair (AFJ) at AsiaWorld-Expo. Buyers attending the September Hong Kong Jewellery & Gem Fair can enjoy free access to AFJ.

For the convenience of registered exhibitors and visitors, the Organiser has arranged a free continuous shuttle bus service running directly between HKCEC / TsimShaTsui / Tung Chung and AWE.

 

For more information about the September Fair, please visit www.jewellerynetasia.com.

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NAJA Offers Scholarship for Gemology Students

The National Association of Jewelry Appraisers will award an ACE It Appraisal Conference Scholarship to a deserving gemology student. 

NAJA invites GIA, FGA, FGAA, FGG, FCGmA, RGA students to apply for this scholarship for the 43rd Annual ACE It Winter Educational Conference scheduled on February 1 – 2, 2015 in Tucson AZ. 

This opportunity gives the gemology student a firsthand experience of networking with appraisal professionals by attending the highly regarded NAJA educational experience during a time when Tucson devotes itself to gems, jewelry, and minerals.  

The scholarship, which covers the conference fee only, requires a resume, photo and an essay explaining the reason why the gemology student would choose to become a gems and jewelry appraiser.  

NAJA believes that becoming a gems and jewelry professional appraiser is a viable career option for gemological students.

Applications can be obtained through the NAJA website, www.NAJAappraisers.com, or by a faxed request to NAJA headquarters at 718.997.9057.  

 

Deadline for submission is November 1, 2014 and the final selection by the NAJA Scholarship Advisory Board will be announced December 1, 2014.

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Tax Benefits Offered at Bangkok Gems and Jewelry Fair

The 54th edition of the Bangkok Gems & Jewelry Fair will be running five full days, September 9-13, at the Impact Exhibition Center, Muang Thong Thani.

The official opening ceremony is scheduled for 9.00 a.m. on September 9, with the Minister of Commerce presiding. 

The Thai Gem and Jewelry Traders Association, with the support of the Department of International Trade Promotion, Ministry of Commerce, has organized this 54th Bangkok Gems & Jewelry Fair. 

At the same time, the preparations for moving ahead with the Fair can be seen as an important occasion, where the government can help integrate, and solve taxation problems, for the industry. 

The Thai Government is waiving the regular 20 percent import duty on gems and jewelry sold at the 54th Bangkok Gems & Jewelry Fair. 

Foreign exhibitors are allowed to bring in and sell gems and jewelry from other countries duty-free, while local exhibitors can reduce their selling prices after cutting down on imported parts and products’ costs. Thus, both local and foreign buyers at the fair can take advantage of 20 percent savings, giving them additional purchasing power at the Fair.

“We are privileged to have the government working alongside us so directly,” said Somchai Phornchindarak, President of the Thai Gem and Jewellery Traders Association and Chairman of The Gems, Jewelry and Precious Metal Confederation of Thailand.  He said the government decision follows the of TGJTA’s strong advocacy for a concessional duty rate of 0 percent, and they are happy to see their requests granted. 

“The government has been with us every step of the way, helping to promote exports as well as developing overseas markets via trade fairs, road shows and exceptional exhibitions.  All these changes predict a gleaming future for all,” added Mr Somchai. 

The concession involves a grace period of 15 days before and 15 days after the BGJF54.  Products to be covered by the measure are pearls, precious stones and metals, imitation jewelry and coins — all categories that fall under the International Trade Commission (ITC)’s Harmonized System Code, Chapter 71. 

Suttipong Damrongsakul, Chief Executive Officer of the BGJF Organizing Committee, said the move would significantly propel Thailand to become the “golden gateway to the gems and jewelry industry of the Association of South East Asian Nations — a region burgeoning with a 600 million population.”

The BJGF54 is expected to draw tens of thousands of buyers from all around the world.  Last February, the 53rd fair received over 30,000 visitors from more than 130 countries, including buyers from Dubai, Russia, China, Bahrain, Brazil and Canada.  The bi-annual event is regarded as the world’s fifth and Asia’s second largest trade show in the gems and jewellery market.  The fair boasts of gross export revenues exceeding $12.8 billion. 

Somchai said the strength of the industry is built on such solid foundations as “excellent designs, reputed quality, premier craftsmanship and state-of-the-art technology.  These qualities, along with best possible support services, have seamlessly propelled our industry, all despite rocky economic conditions worldwide since 2007.”

Another tax-free initiative the BGJF is offering is the Zero VAT Pavilion, where buyers are exempt from paying the 7 percent value-added tax imposed on rough gems and raw materials imported into Thailand for manufacturing.  It’s a government-backed policy that aims to strengthen the country’s position as the “World’s Gems and Jewellery Hub” and the largest manufacturing centre for such products in the entire globe.  Suttipong said the Zero VAT Pavilion will surely entice buyers looking for excellent bargains. 

Aside from the tax cuts, TGJTA says it will initiate a variety of new features that will enhance trade activities like seminars, contests, trend updates, and special offers. 

One of the new offers is a free 3-day, 2-night hotel accommodation for first-time visitors who avail themselves of  the Business Matching  Service  — a scheme that helps foreign buyers identify, locate and communicate with exhibitors long before the fair actually begins.  

After registration, customers are assisted by the Fair’s dedicated staff members to view suppliers’ profiles, see their latest products, and select those whom they wish to meet.  The service is free of charge, conducted online, and done in the comfort and privacy of buyers’ offices or homes. 

In return, sellers are able to study the buyers’ specifications and prepare customized sales pitches well ahead of time. “The service is immensely popular as it gives buyers the ability to both swiftly and accurately locate very specific suppliers in an amazingly fast and convenient way,” said Suttipong.  

An additional privilege that the Matching Service offers is the chance for buyers to meet with sellers, by appointment, in a private, comfortable room with special VIP service. According to TGJTA, hundreds of buyers from the previous fair availed of the service and were highly satisfied with it.  Around $2 million worth of gems and jewelry were purchased using that method alone. 

This 54th BGJF is hosting the 3rd Asean Gems & Jewelry Presidents’ Summit, which brings together the industry leaders from all ten Asean countries, plus those from the six others — Australia, China, India, Japan, Korea, and New Zealand.

The Thai gem and jewelry industry is gearing up for the AEC — Asean Economic Community — which takes off in 2015. At the BGJF, the AEC Pavilion is showcasing products from the region, with strong exhibitor contingents from Cambodia, Myanmar and Singapore. And being welcomed for the first time to the BGJF is the Nepal Pavilion.

Highlights of the Fair:

  • Thailand World of Gems and Jewelry to AEC
  • Design Pavilion
  • Gems and Jewelry Outlet
  • Ploi Thai Jewelry Creation
  • Online Sourcing Project & Business Matching
  • Zero VAT Zone

There is the further incentive for this 54th BGJF: registered buyers at the Fair will be entitled to two nights free hotel accommodation, available on a first-come-first-served basis.

 

The role of this 54th BGJF is “Thailand: World of Gems and Jewellery to AEC,” which emphasizes the Thai gem and jewelry industry’s position as a leader within the AEC, within the Asia-Pacific Region and globally, as the World’s Gem and Jewellery Hub. The 54th Bangkok Gems & Jewelry Fair presents over 1,500 exhibitors, and over 3,000 booths, within a single 100,000- square meter exhibition hall, with gems and jewelry for every requirement and every market.

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The IDEX Online Polished Price Report for August 29

This week again saw many negative changes in round diamonds, although there was less activity than in previous weeks, according to the weekly IDEX Online Price Report.

There was again a low level of activity in fancy shape diamonds this week, with a slight predisposition to the positive.

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

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

Rounds

  • 0.18-0.22 cts mostly rising

  • 0.23-0.29 cts H-J / SI2 rises of 4-5%

  • 0.30-0.39 cts just one change, downwards

  • 0.40-0.44 cts two declines

  • 0.45-0.49 cts unchanged

  • 0.50-0.69 cts N / VS2 -3.0% to $1,600 p/c

  • 0.70-0.79 cts D / VVS1 +2.9% to $8,950 p/c

  • 0.90-0.99 cts declines in lower colors, higher clarities

  • 1.00-1.24 cts D / VVS2-VS1 declines of 3%

  • 1.25-1.49 cts just four changes, three down and one up

  • 2 cts unchanged

  • 3 cts just two changes: one up, one down

  • 4 cts no changes

  • 5 cts unchanged

Fancy Cuts

 

  • 0.18-0.22 cts D / VVS2-VS1 declines of 2-3%

  • 0.23-0.29 cts rises in mid-colors, better colors

  • 0.30-0.39 cts just two changes, both downwards

  • 0.40-0.44 cts H / SI3-I1 rises of 5-6%

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

  • 0.50-0.69 cts unchanged

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

  • 0.80-0.89 cts J / SI2-I1 rises of 2-3%

  • 0.90-0.99 cts just two changes, both downwards

  • 1.00-1.24 cts just three changes, all down

  • 1.50-1.99 cts two changes, one up and one down

  • 2 cts F / VVS1 -3.1% to $18,500 p/c

  • 3 cts three increases in mid to low colors and clarities

  • 4 cts M / VS2 +4.0% to $5,200 p/c

  • 5 cts I / VVS2 -2.9% to $23,200 p/c

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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Rocker Redbox Launches Website, Rebranding Campaign

Rocket Redbox has launched website www.rocketbox.com,  the first stage of their rebranding campaign. 

The website is devoted to servicing the retail jeweler, jewelry manufacturer and watch industry. The website provides detailed information about the company, its products and services as well as highlights about Rockets history and growth for the soon to be 100 year old business.  

The website was redesigned to compliment Rocket’s current business model and growth strategy. The online visitor will now be able to view the whole Rocket experience and fully understand the breath of services that can be offered to them.  

 

Retail purchasing managers, designers, and visual merchandisers in the industry can use the site to make well-informed decisions about packaging and display options in the context of their unique needs. Additionally, the site is aimed to extend its reach to the small independent jewelry retailer/wholesaler by including an on-line shopping option.

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Frederick Goldman Names Two New Execs

Frederick Goldman has named Robin Scheer Ettinger as Chief Marketing Officer and Ruben Luna as Senior Vice President of Merchandising.  

Most recently, Robin was Vice President of Marketing at Safilo for the Americas, the second largest eyewear company globally, where she directed all marketing and licensing activities for 25+ luxury and fashion brands, coordinated brand strategies throughout the Americas and launched the very successful Bobbi Brown eyewear collection.

Prior to Safilo, Ettinger held various senior Marketing positions across a broad spectrum of consumer luxury and fashion businesses including Godiva, Liz Claiborne and Montblanc.

Ruben was previously General Manager of Product Design at The Metropolitan Museum of Art's multi-channel Merchandise and Retail division, where he built and led the new product design department.

Luna has extensive product experience in department store, designer, private label, specialty and licensing. Prior to The Metropolitan Museum of Art, he held several senior product development, design and merchandising positions at HSN, Movado Group and May Merchandising Company. 

“We are so excited to have Robin and Ruben join Frederick Goldman. Their diverse background will be instrumental as we continue to grow our business and develop our brands,” says Jonathan Goldman, Frederick Goldman, Inc.,  Chairman & CEO.

 

“Robin’s expertise in integrated marketing communications and brand strategy, paired with Ruben’s expertise in product development and merchandising will enhance our already robust senior management team, while bringing fresh perspectives and innovative creativity.”

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Estenza Line Debuts in U.S.

Estenza’s Fashion-Forward Geometric Diamond and Colored Stone Jewelry Debuts to the U.S. Market

Fashion-forward gold, diamond and colored gemstone jewelry from Estenza is now available to the U.S. market.

The Estenza collection features modern classic styles and easy-to-appreciate geometric forms, including the frequently occurring navette seen in stone shapes, silhouettes with negative space and subtle effects in metal work.

Estenza’s jewelry is made in 14k and 18k gold with bold cuts of gems like blue topaz and purple amethyst, with most offset by healthy accents of colorless diamond pavé.

Estenza’s bridal jewelry includes American favorites like halo settings, split shanks, modified three-stone looks and more. All engagement rings have complimentary bands, as well as unique stackables to add onto existing sets or create entirely new statements.

A Smart Luxe bridal line made in 14k gold offers entry price points starting at $1,050. Suggested retail prices for 14k gold fashion looks start at $2,500, while 18k gold bridal pieces start at $3,000.

The recently created fine jewelry firm brings 45 years of custom design and manufacturing experience in India to the U.S. thanks to the Kedia family. Founder, jeweler and designer Vijay Kedia lends his seasoned vision to the fresh perspective of the next generation—his son and daughter-in-law Vinay and Priyanka Kedia, respectively. Vinay heads up business development while Priyanka aids on the design side.

Priyanka designs pieces for wear everyday that still offer the look and feel of high jewelry. “I just don’t want to keep waiting for an occasion to wear my jewelry,” she explains. “I want to be able to wear it every day. Now other women can, too, with Estenza’s meticulously crafted jewelry made through the art of wax casting, with hand-set diamonds and gemstones that give each piece the quality and detail of one-of-a-kind high jewel.”

As part of Estenza’s re-branding process for the U.S. market, the company unveiled Estenza.com, a website with magazine-quality professional model photography and still-life product shots.

The site is easy to navigate, has drop-down menus for styles, collections, gift suggestions and categories like stacking rings. Links to Estenza’s Facebook, Instagram, Twitter, Pinterest and Google+ accounts are also accessible, as is a blog.

Estenza has 70 U.S. accounts to date, and the firm’s fine jewelry is available for wholesale purchase only to the trade. High-resolution digital model and product shot photography is available upon request, as are samples for editorial photography.

Log onto www.estenza.com to see the full range of jewelry offerings.

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GJEPC Completes First Round of Artisan Awards Screening

The Gem and Jewellery Export Promotion Council of India has hosted the first round of screening for the Artisan Awards 2014. The jury panel selected a total of 40 sketches from 800 entries, narrowing down the best in design.

Sanjiv Banerjee, Mamta Rajaram, Sushil Solanki and Subhankar Bhowmick qualified for the Colourama category; Pratha Pravin Chavan, Sanafiya Hakim, Kosha Shah, Meghna Bag, Sanju Das, Natasha Adnani were selected for the golden glory; Arunava Chakraborty made it to the Monochromatic category; Shrutika Patankar, Zohara Moorthy, Mehul Gupta, Arunava Chakraborty and Megha Lodha were chosen for Avant Garde.

Prominent Fashion Designer, Payal Singhal, said “Design is the core of creativity. It’s really stunning to see some of the breath taking designs interestingly decoded on paper. I am extremely happy to be associated with the Artisan Awards and feel this is an incredible platform by GJEPC for promising designers to showcase their talent. ”

Milan Choksi Co-convener Exhibition Sub-Committee (National), said “The Artisan Awards has attracted participation from across the country. I am impressed to see these state-of-the-art designs inspired by Indian cinema. I can’t wait to see how these exquisite designs will be replicated into actual pieces; making a wave in the jewellery sector.”

Architect and interior designer Ashiesh Shah said, “Visual appeal, over creativity and wearable aspects are what I consider while selecting the pieces. What I have seen today has had totally awe-struck me. The participants have very innovatively brought in movie allusions through their designs.”

Activity Chairperson Shimul Mehta Vyas, said, “We were looking for talent that can bring refreshing, novel and edgy designs which we found so brilliantly done by participants for Artisan Awards. Most of the illustrations are designed very futuristically.”

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JA Agrees to Support Trendvision Forecasting Project

Jewelers of America has signed an agreement with Fiera di Vicenza to promote the Trendvision Jewellery + Forecasting project, Fiera di Vicenza’s independent trend observatory and research department.

Trendvision Jewellery + Forecasting is dedicated to analyzing international jewelry, diamond and watchmaking trends. Through the prestigious and exclusive partnership, JA will bring the unmatched trend reporting of Trendvision Jewellery + Forecasting to the U.S. through discounts on its Trend Books and the promotion of monthly Jewelry Trend Reports.

“For us, we take great pride in this agreement, because it shows Jewelers of America, Fiera di Vicenza and Trendvision Jewellery + Forecasting as a unique source of information and training for current trends in the jewelry industry,” says Managing Director of Fiera di Vicenza Corrado Facco.

“This agreement is an important opportunity to expand into the United States, a market with a strategic international role for the jewelry trade and a dynamic nature, which makes it the ideal place to propose future trends in the industry and to observe the highly developed dynamics of the market itself.”

JA now offers Trend Books by Trendvision Jewellery + Forecasting to JA Members and Non-Members at www.jewelers.org and at trade shows across the nation.

Jewelers of America Members receive a special discount on the Trend Books, which reveal the most important megatrends destined to influence contemporary jewelry design, with an 18-month advance on production and retail opportunities and other tools such as consumer profiles and product direction. The 2014 and 2015 Trend Books are currently available.

Trendvision offers a full suite of forecasting services; learn more at www.trendvisionforecasting.com.

“Jewelers of America is delighted to have a strong partnership with Fiera di Vicenza and makeTrendvision’s unparalleled trend forecasting services and trend publications readily available to Jewelers of America Retail and Supplier Members at a great rate,” says Jewelers of America President & CEO David J. Bonaparte.

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Borsheims Hits the Runway for Omaha Fashion Week

Gorgeous necklaces, attention-getting earrings and big, bold cuffs were part of the runway look from Borsheims during Omaha Fashion Week’s Evening Wear Show on Friday, August 22.

Six Borsheims employees walked the runway wearing Borsheims jewelry from designers including Alexis Bittar, Stephanie Kantis, Lana, Roberto Coin and Stephen Webster.

Omaha Fashion Week is the largest fashion event in the Midwest, larger than fashion weeks in Minneapolis, Denver, and St. Louis. Thousands of people attended the weeklong event, held in large tents in the Capitol District in Omaha’s downtown.

In addition to Borsheims own runway show, which was styled by Borsheims’ Jewelry Buyer Amy Dudzik, Borsheims also provided jewelry for other models from other designers during the Evening Wear Show.

Everyone who attended Omaha Fashion Week entered on the Borsheims’ Red Carpet, where they could have their photos taken posing right behind the big Borsheims logo.

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Entries Sought for Centurion Emerging Design Competition

Entries are now being accepted for the Seventh Annual Centurion Emerging Design Competition. Two lucky winners will receive a showcase and exhibit space at the Centurion Scottsdale show in Arizona, slated for February 3-7, 2015.

The competition, sponsored again by Stuller, is open to any jewelry designer who has never before exhibited in a U.S. fine jewelry trade show. The competition is open to all designers, regardless of experience, formal training, or background in jewelry design, but entrants must show lines or one-of-a-kind designs that are suitable for a luxury jewelry store environment and be capable of both exhibiting at a trade show and fulfilling any wholesale orders received at the show.

“The Centurion Emerging Design Competition is an excellent opportunity for up-and-coming and international designers to break into the U.S. luxury fine jewelry market, by getting their line in front of the most premiere audience of carefully selected prestige jewelers,” said Howard Hauben, president of Centurion. “For jewelers, the Centurion Emerging Design winners offer an opportunity to discover new talent to set your store apart,” he added.

“We are pleased to continue our sponsorship of the Emerging Designer Competition,” says Stuller executive director of marketing and public relations, Ashley Brown. "Through their beautiful, innovative designs, past winners have formed valuable partnerships with top retail jewelers and suppliers. Ultimately, these designers' successes become all of our successes."

Deadline for entry is September 30, 2014. Entrants are required to submit up to three images of finished jewelry; no renderings or CAD drawings will be accepted. Entries will be judged by a vote from Centurion’s retail attendees.

Registration and additional information available here.

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Milenyum Mining Donates Csarite Gems to GIA Museum

Milenyum Mining Limited recently donated two rare Csarite gemstones to the Gemological Institute of America museum in Carlsbad, CA.

Given to the Institute were a 37.29 ct. Wobito oval and an especially large 115.57 ct. cabochon gem that also exhibits chatoyancy, otherwise known as the cat’s eye effect, as well as a collection of 30 additional Csarite gemstones in a variety of sizes, shapes and cuts.

“Only about 40 – 50 percent of the rough material is suitable enough to be considered for faceting,” explained Murat Akgun, president of Milenyum Mining Limited. “Of that amount, 98 percent is lost in the cutting process. GIA’s appreciation for fine, rare gemstones makes it an especially appropriate home for these gems.”

“The beautiful, large oval and cabochon gems are truly display quality pieces,” stated Ottaway. “And with more and more of this unusual material available in the marketplace, we very much appreciate having this assortment of gemstones to share with our students, researchers and visitors.”

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Asia’s Fashion and Jewellery Fair Set for September 15

Asia’s Fashion Jewellery & Accessories Fair–September will be held from 15 to 18 September 2014 at AsiaWorld-Expo, Hong Kong.

The Fair will feature quality suppliers showcasing a wide range of novel and chic fashion jewellery and accessories as well as classic bestsellers. Buyers from around the world can preview and acquire fashion jewellery & accessories for Spring/Summer 2015 long before they hit stores.

The fair occupies 11,360 square metres of exhibition space and will house more than 410 exhibitors. Among them are companies from mainland China, France, India, Indonesia, Italy, Japan, Korea, the Philippines, Thailand, Turkey, the United Kingdom, the United States, United Arab Emirates and Hong Kong and Taiwan regions. Nearly 80 percent of exhibitors are from outside Hong Kong, fully embodying the fair’s international status.

“9FJ is one of the most popular marketplaces for buyers from around the world to preview trends for the coming Spring/Summer. Each year, the fair builds a high-efficiency business platform for the exhibitors and buyers to conduct business with each other and explore opportunities,” said Celine Lau, director of Jewellery Fairs at UBM Asia Ltd.

Furthermore, the Fair features a stellar line-up of attractions, including five group pavilions from mainland China, India, Korea, the Philippines and Taiwan region. An expanded Stainless Steel Jewellery Pavilion, housing over 40 exhibitors, is also on board.

“The Stainless Steel Jewellery Pavilion receives a warm welcome from buyers year after year. We expanded the scale of the pavilion this year to meet market demand. It features more than 40 quality exhibitors, giving buyers an even wider variety of high-quality yet competitively priced fashion jewellery and accessories,” said Ms Lau.

9FJ will be held alongside the world’s biggest fine jewellery fair, the September Hong Kong Jewellery & Gem Fair. Visitors at 9FJ can update their admission for free access to the September Fair, giving them a chance to explore business opportunities in the two fairs.

For more information, see www.asiafja.com.

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Paco Underhill Will Be Keynote Speaker at SMART Show Chicago

When you spend 20 years watching people shop, you learn a thing or two about what makes a retail environment successful. 

Best-selling author Paco Underhill and his team did just that, and the resulting book, “Why We Buy: The Science of Shopping,” is a fascinating (and sometimes surprising) look at how companies design in-store experiences to make consumers want to buy more goods, more often. 

If a client list is any indication of Underhill's ability to improve a company's bottom line, Paco clearly knows his stuff. Through his behavioral research firm Envirosell, he helps household names like Microsoft, McDonald's, adidas and Estee Lauder optimize their commercial environments. 

He's also a regular contributor to The Wall Street Journal and The New York Times — and he'll be speaking live at The SMART Show in April.

Paco's bringing his energy and passion to our opening keynote session on Saturday, April 18, at 8:30 a.m. His talk — as entertaining as it will be informative — will give you concrete ideas for creating a physical environment and store personality that fit the needs of your market. It's part art, part science, but get it right and your business will soar. 

 

"Paco has been a huge source of inspiration for INSTORE fans for years," says Cindy Chandler, associate show director. "We're excited to give our audience the chance to learn some valuable ideas directly from the man himself. For jewelers interested in learning new ways to increase their bottom line, this is one event that can't be missed."

 

Learn more about Paco at envirosell.com, and register for the SMART Show <a href="/http://smartjewelryshow.com/retailers/register-now?utm_medium=email&utm_campaign=Paco+Underhill+to+Speak+at+The+SMART+Jewelry+Show&utm_content=Paco+Underhill+to+Speak+at+The+SMART+Jewelry+Show+CID_e31928effb4fc78821feec6f48c661a6&utm_source=Campaign%20Monitor%20emails&utm_term=REGISTER%20FOR%20THE%20SMART%20SHOW%20TODAY" target="_blank">here</a>.

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Teva CE Website Re-Launches with Diamond Course

Teva CE clarity enhanced diamonds announced the redesign of its website and launch of an online educational system.

The Dallas-based company stated in announcing the re-launch “that retail jewelers and consumers now have a huge educational data base to ensure confidence, disclosure and tools to sell clarity enhanced diamonds.”

The resource center includes the industry’s first online course for jewelers on clarity enhanced diamond sales. The course was organized in collaboration with retailers who built most successful and profitable diamond divisions in the USA. 

With diamond margin decreasing every day, clarity enhanced diamonds offer an alternative and profitability to traditional goods. Most clarity enhanced diamonds command 30% to keystone profits and their sales have become critical to many independent jewelers.

Clarity enhancement disclosure and certification are explained in the online resource. The website also offers real-time inventory selection of both diamonds and jewelry.

Cheryl Kozisek of Nebraska Diamonds said, “The Teva CE staff is the most dependable clarity enhanced diamond team in the country. Having the website lets me instantly select diamonds I need for memo and inventory. The online resource center offers the critical information I need for training both current and new sales associates”

In addition to several sales training courses the resource center includes articles on clarity enhanced diamonds in today’s marketplace, margins and pricing.

 

For more information contact Dora Levaton Manager of Teva diamonds at +1 972-960-6506 or visit them for an online chat at www.tevadiamonds.com.

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RDI Diamonds Takes Honor in Minneapolis

For the second consecutive year RJO members at the RJO show in Minneapolis, MN have voted RDI Diamonds “Loose Goods Vendor of The Year”.

“RDI Diamonds is dedicated to learning and growing our jeweler’s business.  We strive to distinguish ourselves from other vendors by providing access to one of the largest diamond inventories in the world, but also by partnering with retailers on sales training and marketing,” said Michael Indelicato, CEO of RDI Diamonds. “We are thrilled all of our hard work and dedication has been recognized.” 

“We want to thank RJO members for this honor.  We appreciate everybody who took the time over the past year to partner with our team.” said Kelly Gunn, CSMO of RDI Diamonds. “Spending time with our jewelers, learning their business and committing to their success is what’s it’s all about.”

RDI Diamonds Inc. prides itself on quality, attention to detail, honesty and fairness. Taking care of its customers has been a tradition since it started in 1992. With offices in Rochester, New York, it is a leader among diamond distributors nationally. RDI Diamonds has maintained double-digit growth for over 22 years, and was recognized in 2006 as an INC. 500 honoree.

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Ostbye Names RJO Vendor of the Year

Ostbye team gathers for a celebratory selfie.
Ostbye team gathers for a celebratory selfie.

Ostbye has been named the Retail Jewelers Organization 2014 Vendor of the Year for Finished Goods in recognition of their exceptional sales, service and support.  

It is Ostbye’s seventh time winning the award in the past 8 years.  Ostbye has previously won the award in 2013, 2012, 2011, 2010, 2008 and 2007. Ostbye was presented with the award at the recent RJO summer show in Minneapolis, MN.

“We are so honored to be a part of RJO,” states Craig MacBean, president of Ostbye.  “To be recognized by its strong retail jewelers, amongst the outstanding group of RJO vendors is very humbling.  Thank you RJO!”

In addition, Ostbye’s Tim Marr won RJO’s 2014 Sales Representative of the Year.  It is Tim’s third time winning the award.  MacBean added, “No one cares more about his customers than Tim Marr.  His commitment to the retail jeweler and our industry is second to none and Tim winning this prestigious award is well-deserved.” 

 

Ostbye, founded in 1920 in downtown Minneapolis, has cemented its status as one of the leading manufacturers of bridal and fashion jewelry. Through the four generations of family-owned leadership, Ostbye has always stayed true to its mission of exemplary quality, service and value. Ostbye’s comprehensive collections and divisions include bridal jewelry, anniversary bands, fashion jewelry, family jewelry, women’s and men’s diamond jewelry, colored gemstone jewelry, pendants, earrings, and rings.

 

For more information on Ostbye, visit www.Ostbye.com or call 866-553-1515.

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Jewelers for Children Seeks Nominees for $100,000 in Grants

Jewelers for Children has announced the 2014 edition of their Local Grants program.  JFC has set aside $ 100,000 to be used for 10 - $ 10,000 grants to local organizations.  Independent jewelers will have an opportunity to nominate a local organization to receive one of these grants.  Once a final list of nominated charities is compiled, the retailer will be responsible for motivating their constituents to vote for their charity through a Facebook-based campaign on JFC's page. 

It will be up to the jeweler and the nominated charities to generate interest in their organization by securing votes through their own social media outlets, including Facebook, Twitter, email blasts, and any other advertising opportunities available.  JFC provides sample language for use on Facebook, Twitter, and Instagram, as well as press releases that can be used to promote the nominated charity. 

The nomination period for charities will run between September 1, and September 30, 2014.  The voting process will begin on October 6, and continue for two weeks, concluding on October 19.  The top 10 vote getters will be announced on October 22, and grants will be made prior to December 31, 2014. 

Each of the ten jewelers who nominate the winning charities will be presenting the grant from JFC directly to the charity on behalf of the jewelry industry. JFC will announce the winners and jewelers to the trade and will be supplying a press release template for each jeweler to secure local (and possibly, national) recognition for their success in their own market. 

Jeff Corey, Day's Jewelers and a JFC board member said “Last year Day’s Jewelers participated in JFC’s Local Grants Program. We were able to earn a $10,000 grant for Camp Sunshine, a local charity dedicated to children in need. It was a wonderful opportunity for Day’s, our customers and our community to work together to help kids locally through JFC.” 

 

Details on how to participate in the program and the requirements for nominated charities can be found on JFC's website at www.jewelersforchildren.org, under the Happenings section.  A nomination form to print out, complete and return to JFC to nominate their local charity for consideration is available.

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Peter Smith Publishes Guide to Retail Hiring

Peter Smith, current Executive Vice President of Brand Development for Leo Schachter & Company, has announced the debut of his first publication, “Hiring Squirrels:  12 Essential Interview Questions to Uncover Great Retail Sales Talent.

With over 30 years of firsthand experience and knowledge, Smith shares a comprehensive wealth of tactics and practical advice for identifying, interviewing and hiring great sales talent. 

"Six of every ten people in retail sales should be doing something else for a living. Knowing that is one thing, being able to change that is something else. I felt like I really had something worthwhile to say on this subject as it has been such a passion of mine my whole career," says Smith.

 

“Hiring Squirrels” available now on Amazon.

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Milenyum Mining Gets Csarite Trademarks

The U.S. Patent and Trademark Office has granted two trademarks to Milenyum Mining Limited for the gemstone Csarite.

Ethically sourced and responsibly mined at its sole known source deep in the mountains of the Anatolia region of Turkey, the Csarite trademark will allow greater consumer recognition for this gemstone, but also help distinguish it from synthetics and simulants entering the market through unscrupulous dealers and retailers.

With the trademark now approved and registered, MML has stepped up its efforts to combat theft and illegal mining at the mine site by working closely with Turkish ministeries and army to monitor illegal activity and take immediate legal action when necessary. The Milas County Courts recently approved the first conviction of an illegal miner who will face 12 months in prison and substantial financial fines. Some 35 other individuals are being sued and more convictions will follow.

“As this lovely gemstone grows in popularity, it’s especially important that the quality and purity of natural Csarite is protected,” states Murat Akgun, president of Milenyum Mining Limited. “With the granting of the name and slogan trademarks, our already transparent supply chain instills even greater confidence for our buyers”.

Akgun urges consumers interested in purchasing Csarite, and especially those traveling to Turkey, to only buy the gem from MML’s authorized retailers and distributors, which can be found on the web site www.csarite.info.

He urges all buyers to check the web site frequently, as MML is constantly monitoring its distributors and the list may change due to their strict screening policy.

Csarite will be available for wholesale purchase at the September Hong Kong Jewellery & Gem Fair, AWE #10U31. For appointments contact info@courtneycollection.com.

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Date Set for Michigan Retailers Breakfast

The Michigan Retail Committee of the International Council of Shopping Centers is pleased to host the 2014 Michigan Retailers Breakfast on Wed., Sept. 17 in the Regency Room at the Townsend Hotel, 100 Townsend Street in Birmingham, MI.

The event begins with registration, networking and breakfast at 7:30 a.m. followed by two informative sessions featuring special guest speakers Matthew P. Cullen, President & CEO of Rock Ventures LLC and Robert A. Ficano, Wayne County Executive.

"There is a positive vibe and undercurrent of change in Wayne County and the City of Detroit,” said Michael Stozicki, Chairman of the Michigan ICSC Retail Committee. “This year's Retailers Breakfast will highlight this with two speakers, Matt Cullen and Robert Ficano. As leaders in their respective areas, Mr. Cullen and Mr. Ficano will present informative updates on current successes and challenges. This event is sure to be of great interest to commercial real estate professionals, as well as others interested in Southeast Michigan business and politics."

Advanced registration is $60 for ICSC members and $75 for non-members. On-site registration is $75 for members and $90 for non-members. Payments may be faxed to +1 732 694 1800, made online at www.icsc.org/2014B09, or mailed to International Council of Shopping Centers, PO Box 26958, New York, NY 10087-6958. Payments made by check should be made payable to International Council of Shopping Centers, Inc.

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XCEL Buys Judith Ripka Brands

Xcel Brands, Inc. has signed an exclusive licensing agreement with KGK Jewellery Manufacturing Limited to take over the wholesale jewelry business under the Judith Ripka brands. This agreement will give KGK the license to manufacture, source, sell and distribute jewelry, including fine jewelry, diamond jewelry, and bridal jewelry, under the Judith Ripka label. Distribution to include luxury retailers, better departments stores as well as specialty fine jewelers worldwide.

Robert D’Loren, Chairman and Chief Executive Officer, Xcel Brands, Inc. said, “I am very excited to partner with KGK Jewellery. This is a powerful alliance for Xcel & KGK with strong growth potential for the wholesale jewelry business under the Judith Ripka brands.”

Judith Ripka, Chief Design Officer, Judith Ripka, said “I am delighted that KGK has been chosen as our licensee for the wholesale jewelry component of Judith Ripka businesses. Having worked with KGK for over 30 years, I have tremendous respect for the Kothari family. They have demonstrated loyalty, courtesy and the best business practices while operating a very successful and vertically integrated business. I am pleased to join forces with a company that is not only one of the largest DeBeers site holders but which also has access to the highest quality colored gem stones. I look forward to designing jewelry which will continue to be made by the best craftsmen, using the finest materials and workmanship that my customers have come to expect.”

Mr. Sanjay Kothari, Vice Chairman, KGK Group, said, "We are thrilled to partner with Robert D'Loren and Xcel Brands. The partnership will give us the opportunity to combine Judith's distinctive designs with our unrivaled product development and bring exemplary quality product to the marketplace under the Judith Ripka brand. At KGK, our aim is to make & sell the finest jewelry possible with the best in class manufacturing and the finest, rarest of gemstones. We are currently undergoing a vertical integration, getting closer to consumers with our retail ventures and closer to our supply chain by acquiring mines.”

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GE Capital Changes Name to Synchrony Bank

On June 2, GE Capital Retail Bank changed its name to Synchrony Bank and became part of the Synchrony Financial business, formerly GE Capital Retail Finance. The largest provider of private label credit cards in the United States (based on purchase volume and receivables), Synchrony traces its roots back to 1932. Through more than 300,000 locations across the U.S. and Canada, Synchrony offers customers a variety of credit products to finance the purchase of goods and services. Offerings include private label credit cards, promotional financing and installment lending, loyalty programs and Optimizer+plus branded FDIC-insured savings products.

GIA Sponsors Talk on Planetary Gemology

Gems have held symbolic significance in many cultures for centuries. Richard S. Brown, a leading expert in planetary gemology, will discuss ancient astrological gems and talismans during Gemological Institute of America’s next Gemstone Gathering in Bangkok on Aug. 27.

“Ratna-para-vidya,” or planetary gemology, is an ancient Vedic belief system and practice based on the relationship between nine categories of gems and nine planets recognized as most important in Vedic astrology. Brown will discuss planetary gemology, based on the "Navaratna" or “Nine Gems” philosophy of Vedic birthstones.

Brown, a GIA graduate and founder of Astral Gemstone Talismans and the Planetary Gemologists Association, has more than 30 years of experience studying gems in relation to astrology. While living at a north Indian monastery, he encountered Sanskrit translations that related fine gems and astrology, and has spent the years since studying the topic. Brown is the author of 13 books and more than 240 articles and has appeared in numerous television segments in Thailand.

GIA’s Gemstone Gathering, a free event, begins at 6 p.m. on Aug. 27 in the “Crowne Room 1-3” on the 21st floor of the Crowne Plaza Hotel, Lumpini Park in Bangkok.

Due to limited seating, please RSVP to pkosolsu@gia.edu; the GIA laboratory in Bangkok at 02-632-4090; or call the Thailand campus at 02-632-4590. For more information, visit www.giathai.net/news.php.

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Sarine Partners with Tiffany

Sarine Technologies has announced a strategic cooperation with Tiffany & Co. to develop a new automated system for the grading of a polished diamond’s symmetry to new standards to be set by Tiffany.

In 2011 Tiffany challenged Sarine to measure the facet symmetry features of a polished diamond with unprecedented high accuracy. Previously these features could not be determined by any existing device and were manually evaluated by gemologists using

microscopes.

Following extensive research, a new concept, based on advanced video imagery analysis using microscopic magnification, culminated in Sarine's DiaMension Axiom. It is a totally new solution for ascertaining a polished diamond’s proportions and symmetry and sets a new bar for polished diamond analysis and grading.

The DiaMension Axiom measures the most minute diamond features, including facet junctions, facet misalignment and facet distortions, key to the symmetry grade.

The patent pending technology is applicable to round and fancy shaped polished diamonds. It is anticipated that the resulting high accuracy microscope-level qualification of the stone will enable manufacturers to attain, and gemological institutes to verify, new levels of quality.

Andy Hart, Tiffany’s Senior Vice President of Manufacturing, Diamonds & Gemstones, said, “This new technology developed by Sarine will enable the Tiffany Gemological Laboratory to enhance its abilities to objectively, consistently, and efficiently measure and uphold our demanding symmetry standard which is critical to ensuring Tiffany presents only the most beautiful diamonds to our customers.”

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AGS Expands Take-In Windows to LA

The American Gem Society Laboratories is expanding its take-in window operations to Los Angeles. The window will be located in the Brinks offices at 550 South Hill Street, Room 805, and will launch on August 29th. Additionally, AGS Laboratories will offer free shipping and insurance for LA take-in window clients through October 31.

The AGS Laboratories offers turnaround time on grading results in five to seven business days to all its clients.

On August 28, at 1:30pm, the Diamond Club West Coast (DCWC) will feature Peter Yantzer, CG, Executive Director of the AGS Laboratories, and Ash Shah, CGA, Director of Membership at the American Gem Society, at their monthly lunch. The gentlemen will give a presentation on AGS Laboratories and answer questions from members of DCWC.

“It’s a natural move for AGS Laboratories to open a window in Los Angeles, as Las Vegas is in its backyard,” says Ruth Batson, RJ, CEO of the American Gem Society and AGS Laboratories. “With the shortest turnaround time of any of the major laboratories, along with the name recognition of the American Gem Society, and grading reports that provide consistency and accuracy based on science, our laboratory services are in high demand. We are very excited about this opportunity and look forward to serving members of the jewelry industry in Los Angeles.”

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Worthmore Jewelers Event Benefits Make-a-Wish Georgia

Worthmore Jewelers will celebrate 21 years of serving the Atlanta community with a shopping event at their Midtown location (Amsterdam Walk, 500-L3 Amsterdam Ave.) Aug. 20-24.

The event, benefitting Make-A-Wish Georgia, will be presented in partnership with the W.I.S.H. (Women Inspiring Strength and Hope) Society, the women’s philanthropic leadership group of the Make-A-Wish Georgia organization.

Make-A-Wish Georgia will receive 10 percent of purchases made over the course of the anniversary shopping event. (Offer excludes loose diamonds and diamond engagement rings and applies to in-stock items only.)

Additionally, a special "Wish Grantors Piece" — an 18-karat white gold bracelet made up of 744 round diamonds and six blue sapphires — will be available for purchase at the jeweler’s Midtown location.

Worthmore will donate $8,000 — the amount needed to grant one wish for a local child with a life threatening illness — from the sale of this piece, and its purchaser will gain the opportunity to be involved with selecting the wish recipient.

The celebration continues with special, in-store events on Friday, Aug. 22 and Saturday, Aug. 23. On both days, guests can enjoy bellini cocktails while they listen to designer Vincent Peach showcasing his award-winning Tahitian, South Sea, and Freshwater pearl, diamond, and leather jewelry combinations.  

On Saturday, patrons can also preview Hamilton Watch Company’s newest styles; have the accuracy of their own watches tested by Worthmore’s watch technicians; and participate in raffle drawings for jewelry and prizes including a $500 Worthmore Jewelers shopping spree and a Skywatch chronograph valued at $395. All proceeds from raffle ticket purchases will be donated to Make-A-Wish Georgia. 

Also on Saturday, the first 21 guests will receive 21 percent off their purchase and the first 100 guests to arrive between noon and 2 p.m. will receive complimentary lunch from the Toasted Cheese Food Truck.

Harris Botnick, Worthmore founder and owner, says these types of events have become a store tradition and are a festive way to recognize their company history. “Since our founding, we have been committed to a unique, fun approach to jewelry retailing and giving back to our community,” says Botnick. “We are excited to work with the W.I.S.H. Society to make dreams come true as we celebrate our 21st anniversary.” 

The event’s presenting partner, the W.I.S.H. Society, was developed to provide a unique opportunity for women in philanthropy to unite in support of Make-A-Wish Georgia. The group is committed to making the wishes of its community’s children suffering from life-threatening illnesses come true. 

For more information and a schedule of anniversary events, visit www.WorthmoreJewelers.com.

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The IDEX Online Polished Price Report for August 14

Far more changes in prices across a range of categories of round diamonds that was heavily negative, according to the weekly IDEX Online Price Report.

There was less activity in fancy shape diamonds than has been seen in recent weeks, with a bias to the positive.

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

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

Rounds

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

  • 0.23-0.29 cts F / VS2 +2.8% to $1,850 p/c

  • 0.30-0.39 cts unchanged

  • 0.40-0.44 cts just one change, downwards

  • 0.45-0.49 cts several declines in lower colors and clarities

  • 0.50-0.69 cts no changes

  • 0.70-0.79 cts N / VVS1-VS2 declines of 2-3%

  • 0.80-0.89 cts N / VVS1-SI1 falls of 2-3%

  • 0.90-0.99 cts M / IF-VS1 falls of 3-4%

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

  • 1.25-1.49 cts several declines

  • 2 cts several falls

  • 3 cts just three changes, two downwards and one riser

  • 4 cts H / VVS2 +3.1% to $33,000 p/c

  • 5 cts unchanged



Fancy Cuts

 

  • 0.18-0.22 cts E / VS2 +3.9% to $1,350 p/c

  • 0.23-0.29 cts F / SI1 +4.4% to $1,200 p/c

  • 0.30-0.39 cts E / VS2 -2.8% to $1,750 p/c

  • 0.40-0.44 cts several risers

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

  • 0.50-0.69 cts several decliners

  • 0.70-0.79 cts J-K / SI2-I1 rises of 2-5%

  • 0.80-0.89 cts a range of risers

  • 0.90-0.99 cts H / VVS1 -2.2% to $4,500 p/c

  • 1.00-1.24 cts several declines in better colors and clarities

  • 1.50-1.99 cts just three changes, two downwards and one riser

  • 2 cts E-F / I2 rises of 3%

  • 3 cts two declines in high clarity, lower colors

  • 4 cts several falls in mid-colors and clarity

  • 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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Corinne Jewelers Reopens with Ribbon-Cutting Ceremony

Corinne Jewelers officially reopened their doors with a ribbon-cutting ceremony on July 31 at their newly remodeled location, 917 North Main Street, Route 166, Toms River, NJ. 

“This marks a vibrant new era for us,” said Ryan Blumenthal, third-generation owner of Corinne Jewelers. “We’ve doubled our showroom, renovated our décor, and have a more functional layout which allows us to present more of what our customers want: quality jewelry – particularly engagement rings, fashion, and custom design which are our primary focus.”

Walls have been pushed back to make way for a more spacious display area designed to hold hundreds of engagement rings. Sleek glass-fronted cabinets will showcase the jewelry, and a table has been added to feature jewelry, which customers can touch and try on. A new repair take-in desk supports a plasma screen that shows large-scale photos of pieces undergoing repair or sketches of custom designs. The expanded bridal area hosts a large sitting area, a new coffee bar, and an entertainment area outfitted with a large-screen TV. In addition, the store has added a PANDORA® boutique and a diamond and appraising room. One nod to Corinne’s past, however, remains. The raised ceilings are covered in oak beadboard, paying homage to the former store’s décor. 

“We’ve re-imagined everything, including adding ‘The Diamond Source’ to our name,” Blumenthal said. “What does that mean to our customers? Among other things, it means we now have the area’s largest selection of diamonds suitable for any budget, thanks to our new policy of directly importing and hand selecting each and every diamond.” 

Corinne Jewelers embarked on its renovation and expanded inventory in celebration of its 50th year in business. The store was founded by Ryan’s late grandfather, Mel Blumenthal, in 1964 in honor of his wife, Corinne. Mel had promised to one day put her name up in bright lights, and he was a man of his word. The Blumenthal family remains committed to honoring his promise by creating an even brighter location that will continue to offer exceptional selection, quality, and service to the shoppers of Ocean and Monmouth Counties. 

In appreciation of Corinne’s service to the community, Toms River Mayor Thomas F. Kelaher officially proclaimed July 31, 2014, as “Corinne Jewelers Day.” In his proclamation, Mayor Kelaher noted the business’s longtime support of regional and national groups, including the United Way of Ocean County, the Community Medical Center, and the American Cancer Society. 

Special 50th anniversary events are in the works for the newly remodeled store. “You can’t stay a success for half a century all on your own,” Blumenthal said. “It takes support from the community. So we’ve made them an important part of this year’s anniversary celebration.” Among the events planned are:

  • The “Faces of Corinne,” a social media promotion that will solicit photos and stories from families that have been Corinne customers for generations.
  • “Stick-to-It Students,” a scholarship program that will honor high school students with cash awards during Corinne’s 50th anniversary year.
  • A “Customer Appreciation” event that will award a $50 gift certificate to the first person to walk through the door each day during a specified 50-day period.

Details about these and other events will follow in future months.

A Corinne History Wall is already in place in the newly designed facility, displaying photos from the store’s past. A coffee-table book featuring historic photos from around the country and the region taken during the 1960s when Corinne first opened is being compiled.

Corinne Jewelers, The Diamond Source, is open Monday – Wednesday 10 am – 6 pm, Thursday 10 am – 8 pm, Friday 10 am – 6 pm, Saturday 10 am – 5 pm, closed Sunday. Customers old and new are invited to stop in and see the remarkable transformation.

“They will find a new luxurious atmosphere,” Blumenthal said, “and a lot of new rings, diamonds, and beautiful jewelry. But the same warm people are still here, prepared to deliver the friendly ‘Corinne Experience’ they’ve come to expect from us.”

Corinne Jewelers’ status as a member of the American Gem Society also remains unchanged. Only the top five percent of jewelers in the United States and Canada meet the qualifications for membership in the American Gem Society. 

 

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 about their products or services, please call 732.244.4664 or visit online at corinnejewelers.com.

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