(Aug 4, ‘14, JCK Online)
It’s the moment that this industry is built on. The moment that has spurred countless jewelry commercials. The moment when the woman receives her engagement ring and—hopefully—cries and says yes.
Now, a group of Michigan entrepreneurs has invented a product that captures that instant forever: the Ring Cam, a jewelry box with a small camera installed, so that the reaction to the proposal can be saved, memorialized, and even posted on Facebook.
The product started as a design project at Hope College. One of the participants came up with the idea after a friend got engaged.
(Aug 4, ‘14, National Jeweler)
Columbia, Md.–Pandora is launching a new initiative to celebrate the women around the world who work to improve the lives of women and children in their communities.
The Hearts of Today program launched in the United States on July 28 to give Pandora the chance to support a number of charitable causes important to women to help make changes needed for the future.
(Aug 5, ‘14, The Seattle Times)
High prices for diamonds bit into Blue Nile’s revenues and earnings, prompting the Seattle-based online jewelry retailer to reduce its profit margin on some diamonds in order to spur more sales.
Sales of engagement jewelry in the U.S. fell 4.6 percent to $60.9 million in the quarter ended in June from the same period a year ago. Executives attributed the decline to sticker shock, as the cost of small-sized diamonds rose by double-digit percentages from last year.
(Aug 6, ‘14, National Jeweler)
London–Beginning in March 2015, companies that are not De Beers sightholders will have the opportunity to compete for the rough diamonds that weren’t offered to, or refused by, sightholders, and will be known as “accredited buyers.”
Accredited buyers will have the chance to purchase ex-plan: rough that falls outside of the intention to offer (ITO), the 12-month forecast of what De Beers intends to offer each sightholder based on the size, clarity, etc. of diamonds they normally need. De Beers said it expects to have an “enlarged pool” of ex-plan availability in the next contract period, as it makes more rough available through this channel to give different diamond companies, not just sightholders, the ability to show demand for its diamonds.
(Aug 6, ‘14, Day News)
Gem Diamonds announced last Tuesday that its Letseng Mine in Lesothohas unearthed another large gem quality white diamond. The rough white dazzling diamond weighs 198 carats and measures 1.18 inches across. The find was of very high quality and shows no fluorescence. It is expected to fetch a substantial price. Gem Company looks to the sale of this latest diamond find this year.
(July 24, ‘14, JCK Online)
Pure Grown, the man-made diamond company formerly known as Gemesis, is selling a 3 ct. K SI stone—which it calls the largest colorless diamond ever produced by nonnatural means.
Lisa Bissell, the Fabrikant veteran recently appointed president and CEO of the company, says that she has every intention of selling the gem, which has a report from the International Gemological Institute. “I don’t run a museum,” she says. She predicts it may fetch $21,000.
Considered by many the most important and valuable Rolex wristwatch, here offered is Dwight D. Eisenhower’s 1951 18K iconic yellow gold Rolex Oyster Perpetual DateJust reference 6305 chronometer on a matching 18K Jubilee bracelet with deployment clasp, presented to General Eisenhower by Rolex to celebrate the production of their 150,000th watch to obtain ‘Official Chronometer’ certification, and to recognize the general’s great achievements in World War II. Rolex employed a highly skilled artist in Switzerland to accomplish Ike’s requested engraving on the watch-back and clasp, in both places inscribing his initials, “DDE,” and on the watch-back adding the five-star general insignia and date that NATO appointed him as Supreme Allied Commander of Europe, “12-19-1950.” Dwight D. Eisenhower frequently wore this watch throughout his tenure in presidential office, and it is accompanied by an unparalleled offering of corroborating information, documentation, and photographs.
(July 29, ‘14, JCK Online)
Despite all the hype about e-commerce, most consumers still prefer shopping at brick-and-mortar stores to shopping online, particulary for jewelry, according to a new survey by A.T. Kearney.
“The future of retail is omnichannel, but it’s anchored in brick-and-mortar,” says Michael Brown, partner in the consulting firm’s consumer and retail group and coauthor of its new omnichannel shopping preferences study. “Brick-and-mortar will remain the cornerstone of retail.”
(July 30, ‘14, National Jeweler)
Seattle–Amazon has entered the 3-D printing arena with the launch of its “3D Printed Products” store, a marketplace that gives shoppers access to more than 200 unique, customizable print on-demand products, including jewelry.
The new store features a search tool, interactive 3-D preview functionality, and a customization widget that allows customers to create and design products to their liking starting from available design templates.
(July 22, ‘14, Luxury Daily)
Swiss watchmaker Raymond Weil has tapped classical guitarist and recording artist Miloš Karadaglic to design a special edition maestro timepiece for charity.
Raymond Weil will auction off two of the 50 watches produced at select events over the course of 2014, with 100 percent of the proceeds benefiting the Mladost Orphanage in Bijela, Montenegro, a cause chosen by the musician. This will not only help the brand with its corporate social responsibility, but it will reinforce the watchmaker’s position in the music industry.