(Mar24 ‘15, GIA)
The world’s turmoil has begun to catch up with the superrich, who comprise most of the demand for the top gemstones, diamonds and designer jewelry pieces offered at BaselWorld 2015.
On display in the gemstone hall: several 200 carat (ct.) plus Sri Lankan sapphires; a stunning necklace fashioned from 30 fancy Vivid Pink diamonds and 23 fancy Vivid Blue diamonds, all ranging from 0.75 ct. to 0.90 ct.; a collection of nine D color Type IIa diamonds ranging from 16 ct. to 41 cts.; and many designer collections featuring top Burmese rubies, Colombian emeralds and collection color diamonds.
(Apr 01 ‘15, HODINKEE)
Bremont’s MB series – short for Martin-Baker – were some of the British brand’s earliest watches, and they are still some of their most popular. The no-nonsense adventure watches offer a lot of bad-assery for the buck, but the most bad-ass of them all is the MB1. Why? Because in order to buy it, you have to have survived a live ejection from an active military plane at some point in your life. Turns out Jimmy Fallon’s father-in-law has, and last night, Jimmy gave him a Bremont MB1 live on the Tonight Show.
(Feb 17 ‘15, JCK Online)
Russian lab-grown diamond manufacturer New Diamond Technology says it has grown a 5.11 ct. K SI diamond, which it bills as the largest man-made polished near-colorless stone ever produced.
The manufacturer says the unenhanced radiant-cut type IIa diamond, produced by the high-pressure high-temperature (HPHT) method, bears a K SI grade but it has not yet been sent to a lab, according to company president Tamazi Khikhinashvili.
(Feb 02 ‘15, True North Gems)
True North Gems Inc. (TSX VENTURE:TGX) (“True North” or the “Company”) is pleased to announce that Hayley Henning has been appointed V.P Marketing and Development.
“It is an exciting time in the colored gemstone industry as True North Gems moves toward sustainable multi-year production of the first Arctic source of ruby and pink sapphires. I’m thrilled to be a part of this incredible project and look forward to contributing my depth of experience and knowledge to introduce these gems to the international market,” says Hayley Henning.
(Feb 08 ‘15, All Africa)
CIVIL society groups have challenged the government to be tough on diamond firms operating in Marange saying they have not done enough to help develop surrounding areas.
This came out during a meeting held last week between Non-Governmental Organizations (NGO) operating in Manicaland province and new Provincial Affairs minister Mandi Chimene.
(Dec 16 ‘14, National Jeweler)
New York–Early next year, a class-action lawsuit will be filed against EGL International and “major retailers” charging that the lab systematically over-graded diamonds that the retailers then knowingly sold to consumers, National Jeweler has learned.
Nashville, Tenn.-based attorney Brian Cummings said Monday that the suit will be filed within the next 60 days by a “major national plaintiffs’ class-action firm,” which he is not yet authorized to name because the firm is still working on the case.
(Dec 17 ‘14, BBC News)
Its central bank said, if necessary, it would provide additional capital to Russia’s banks and financial companies.
The rouble has regained ground from Tuesday’s all-time low, although trading remains edgy and volatile.
The announcement left the currency 10% higher against the dollar. One US dollar bought 62 roubles, far fewer than the record low of 79 on Tuesday.
(Dec 17 ‘14, National Jeweler)
New York–Trunks shows are a good way to showcase goods from a particular designer, or designers, to a motivated customer base.
But getting those motivated customers into the store means advertising, which anyone, including criminals, can see.
David Sexton, the vice president of loss prevention consulting at Jewelers Mutual; Itay Hendel, the CEO of ISPS, a global jewelry security training and risk prevention firm; and Jewelers UnBlocked President and CEO Patricia Low offered the following tips for trunk show safety during the holiday season and year-round.
(Dec 12 ‘14, The Guardian)
For those prepared to throw money – quite a lot of it – at the ideal Christmas present this year, the gift of choice is no longer white diamonds, but coloured gemstones.
The market for coloured stones is on fire, with record prices being achieved for rubies and sapphires. At its latest ruby auction in Singapore, Gemfields achieved an average price per carat of $689 (£438), with total sales of $43.3m from its Montepuez mine in Mozambique. Both figures were records for the London-listed miner and luxury goods specialist.
(Dec 16 ‘14, National Jeweler)
New York–A pear-shaped, D color, VVS1 diamond weighing 89.23 carats sold for more than $11 million at Christie’s Magnificent Jewels sale held last Wednesday in New York.
The auction totaled more than $66.6 million, selling 75 percent by lot and 85 percent by value.
Colored diamonds had a solid performance in the sale, with a number making their way into the top 10 lots, including a pair of pear-shaped fancy light yellow diamond ear pendants (weighing 52.88 and 51.46 carats) that more than doubled their pre-sale low estimate when they went for $5.4 million.