AGS Honors Berg, Hucker and Schechter

The American Gem Society recognized three well-known leaders in the jewelry industry July 29 at the historic Plaza Hotel in New York City, during the prestigious Circle of Distinction dinner.

Lee Berg, CEO of Lee Michaels Fine Jewelry, received the Society’s Lifetime Achievement Award. The honor is given to individuals who have made significant contributions to the industry throughout their careers.

Doug Hucker, CEO of the American Gem Trade Association (AGTA), and Joel Schechter, CEO, HONORA, a Division of Richline Group, both received the Triple Zero Award, which is presented to members of the industry for their accomplishments and contributions.

“This amazing hotel had a tagline for many years, ‘nothing unimportant ever happens at the Plaza,’” said Ruth Batson, CEO of the American Gem Society and AGS Laboratories. “This event is no exception, because tonight is a celebration of excellence.”

Batson added that the work and efforts of the three honorees has “left an indelible mark that will endure for years to come.”

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The IDEX Online Polished Price Report for July 31

There was significant activity in prices of very small round diamonds and also in those in the 1-2 carat range with relatively few rises, according to the weekly IDEX Online Price Report.

 

In fancy shape diamonds, there was also considerable activity in a broad range of items, with the majority 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 / SI2 dropping by 3-5%

  • 0.23-0.29 cts I-K / VVS1 declining by 3-4%

  • 0.30-0.39 cts just one change, upwards

  • 0.40-0.44 cts unchanged

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts D / IF +3.3% to $7,800 p/c

  • 0.70-0.79 cts L-N / SI1 declining by 3%

  • 0.80-0.89 cts K / VVS1-VVS2 declining by 3-4%

  • 0.90-0.99 cts no changes

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

  • 1.25-1.49 cts three changes, all decliners

  • 2 cts unchanged

  • 3 cts L-M / SI1 rises of 2-3%

  • 4 cts unchanged

  • 5 cts J / VS2 +2.4% to $21,700 p/c

 



 

Fancy Cuts

 

  • 0.18-0.22 cts E / VVS2-VS2 rising by 3-4%

  • 0.23-0.29 cts F-H / SI1 up 4-5%

  • 0.30-0.39 cts many declines in better colors and clarities

  • 0.40-0.44 cts unchanged

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts some rises in lower colors, higher clarities

  • 0.70-0.79 cts just two changes, bothdecliners

  • 0.80-0.89 cts mostly declining

  • 0.90-0.99 cts F-J / I1 declining by 3-4%

  • 1.00-1.24 cts a range of declines

  • 1.50-1.99 cts two changes, bothdownwards

  • 2 cts three decliners

  • 3 cts a wide range of activity, both risers and decliners

  • 4 cts K-N / VS2-SI1 declines of 2-3%

  • 5 cts two changes, one up and one down

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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Todd Reed Opens New Store in Venice, CA

Fine jewelry designer Todd Reed will open a retail shop in the Venice neighborhood of Los Angeles. 

Scheduled to open in September 2014, the retail store and production facility was designed by Tres Birds, a celebrated architecture firm based in Denver, CO which conceptualized the first Todd Reed store in Boulder in 2010. 

“The design and construction of our flagship location in Los Angeles has been an enormous – yet thrilling - labor of love for me personally,” explains Todd Reed, Founder & CEO of Todd Reed Jewelry. “We wanted an environment that reflected our artisan roots but with a nod to this incredible Venice lifestyle that combines fashion and design with authentic beach living. I believe we found the perfect balance between these elements, and can’t wait to open our doors this fall.”

The 6,000-square-foot space will include a retail environment on the first floor along with a jewelry design and production facility to mirror the company’s existing operation in Boulder. The second floor will include a dedicated bridal salon, administrative offices and an outdoor atrium with seating.  The top floor has been designed as living quarters for the artist in residence, and will include a private elevator and separate staircase.  This allows for VIP clients to visit the store with absolute discretion. 

The steel reinforced structure is softened by the use of 1,000 plants, designed to create a vegetative screen that extends from the exterior of the store to the interior space, reaching heights of 20 feet. This not only brings dramatic color, a hint of fragrance and bursts of oxygen to the space, but it naturally dampens the sounds from the bustling street outside. In addition, all of the spaces throughout the store were designed to maximize the natural light, so all of the individual jewelry environments are self-illuminated.

 

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

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Todd Pownell Named New Designer of the Year

Todd Pownell of TAP by Todd Pownell was named the JA Mort Abelson New Designer of the Year at the JA New York Show on July 29th in New York City.

Todd is the 37th inductee in this hallowed group, which began in 1977 by the late Mort Abelson of Jewelers of America. Abelson blazed the trail of inviting artists to participate in trade events and encouraging them to be a part of the greater jewelry industry from their corner in the fine craft, fine art or even fine fashion worlds.

The award is given to one designer from the New Designer Gallery -- an annual debut pavilion that showcases new talent -- who impresses a secret judging panel (comprised of editors, retailers and industry experts) with both their design talent and business acumen. 

"While it's challenging to select just one from this collective of great new talents the judges took into consideration the designs as well as the designer," said Cindy Edelstein, JA's designer business consultant, "they are looking for the designer who has a distinctive design point-of-view that will have a lasting impression on the jewelry industry. A particular design DNA that will impress retailers and consumers and inspire fellow designers for years to come."

 

"We are proud of our 37 year old tradition of supporting designers and creating this hallowed New Designer of the Year tradition. Previous winners  include such luminaries as David Yurman, Penny Preville, Mark Schneider, Diana Vincent, Gregory Morin and so many more," said Show Director Drew Lawsky. "We are proud to be the launching pad for countless designer businesses over the past three decades. It's a vital part of our history."

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Providence Jewelers Set Date for Golf Tourney

The Providence (RI) Jewelers Club will host its annual golf tournament on September 15 at the Rhode Island Country Club in Barrington.

All proceeds will benefit the MJSA Education Foundation.

Since 1997, the Foundation has been providing scholarships to up-and-coming student designers, ensuring they'll have the chance to further their talents and skills. It has supported training and educational programs for the industry's existing workforce, enabling it to hone its competitive edge. In short, it's been helping to maintain the industry's workforce--now and for the future. 

Tickets are $195 per person to play and include lunch at 11:30 a.m., shotgun start at 1 p.m., and dinner to follow.

 

For information on how to play, click here.

 

For more information on sponsorships and raffle prizes, contact Kristin.Kopaz@mjsa.org, or call 1-508-316-2140.

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