The Gembank Newsletter – December 2011
Thank you for your support
As the year comes to an end, I would like to make a personal thank you to our customers and suppliers alike, who have helped us over the last year. This year has seen my business grow as my team and me strive to service you better. While this may not have always gone as smoothly as we’d like, we are constantly working on improving.
Thank you. May 2012 bring us all a little more peace, prosperity and success!
Welcome to the December issue of the Gem Bank Newsletter.
Trading at the start of November in Europe was a little slow, as we saw with the recent auction results in Geneva. Which is unusual as November is normally the peak trading month of the season. Nevertheless, as in past years I am sure we will experience once again trade increasing within the next few weeks as we see the usual mad dash towards Christmas, thus hopefully ending the year on a high note!
Jewellery design using white, champagne and black coloured gemstones seems to once again be on the increase, so far this Christmas season we have seen the return to the 80’s style of animal inspired chunky jewellery, from jewel encrusted Cartier Panther brooch to gold and black diamond snake bangles and enamel tiger rings. This colourful animal design trend is expected to continue right through to the spring season.
One of the major developments that took the world gem industry by surprise very recently was the ending of an era when the Oppenheimer family sold off its 40% stake ownership of De Beers in a deal to the Anglo American company reportedly for sum of 5.1 billion USD; thus closing the family’s nearly 80 year-ownership over the De Beers. Also in the news is that some investors are purchasing high end diamonds as an investment route. Also in the news is the increase in sale of large high end diamonds being snapped up at auction this November. The most notorious of these was the sale of the sun-drop diamond, the vivid yellow diamond broke records at a Sotheby’s auction in Geneva a few weeks ago when an anonymous telephone bidder paid a record-breaking $10.9 million for a 110.3-carat, including the buyer’s premium the total amount paid for the diamond was $12.4 million. There has also been a new record set for the sale of sapphires, when Christie’s sold a Kashmir sapphire for over $145,000 per carat!
In Manufacturing there has been a continued steady increase in the East for diamonds; experts are now predicting that by 2015 the total sum of diamond jewellery sold in China and India will exceed the US. So what does this mean? Well, if predictions are correct then consumption will be higher than the actual ability to manufacture the required amount of polished diamonds, which in turn will increase in the sale of rough diamonds. Therefore prices of rough diamonds are now expected to rise 5% a year until 2020. So it’s definitely time to invest!
To better aid our customers when shopping on line at www.thegembank.com we have now uploaded the prices for nearly all of our online stock. You will need to register to see them. Feel free to contact us directly in order to discover any discounts available on the stones you’re interested in!
I have been putting the finishing touches to my Creative Year Planner. This is a summary of the lessons I have learned since the economic downturn of 2008. Please take a look and get involved!