07292016Fri
Last updateTue, 26 Jul 2016 9pm
Evans Jewelers creates a local “Destination” hot spot

Evans Jewelers creates a local “Destination” hot spot

“I cannot say enough wonderful things about Evans ...

Retailer Roundtable:  At mid-year, how has 2016 been so far and what’s ahead?

Retailer Roundtable: At mid-year, how has 2016 been so far and what’s ahead?

At mid-year, how has 2016 been so far and what’s a...

Ron Rosen Jewelry’s Love Life collection: Unlike any you’ve seen

Ron Rosen Jewelry’s Love Life collection: Unlike any you’ve seen

‘Luxuriously affordable’ line draws rave reviews a...

  • Newsletter

  • Latest Post

  • Most Read

Other News

ISG Global Network introduces Gemology Lab

ISG Global Network introduces Gemology Lab

The ISG Global Network (ISG) is pleased to introduce the ISG Gemology Lab, the latest addition to ISG’s network of gemological and appraisal services. The purpose of the ISG Gemology Lab is to provide world-class gemological services for the identifi...

Readmore

Loading...

Industry Events

Industry notables join panel at GIA’s New York Jewelry Career Fair

Industry notables join panel at GIA’s New York Jewelry Career Fair

Gem and jewelry’s largest recruiting event will take place July 25 at the Javits Center

(NEW YORK) - Prominent personalities from the gem and jewelry industry will join GIA at the Jacob Javits Center in New York for the Institute’s annual Jewelry Care...

Readmore

Loading...

On The Move

Southern Gates® appoints reps for TOLA region

(CHARLESTON, S.C.) - The Southern Gates® Collection is pleased to announce the addition of two new representatives to their growing sales team. Robert and Dana Douglas join The Cargo Hold in the TOLA region, bringing the best-selling Southern Gates® C...

Readmore

Loading...

What's New

MJSA launches new Designer Collaborative

MJSA launches new Designer Collaborative

Appoints Andrea Hill as Designer Advocate

MJSA, the U.S. trade association dedicated to professional excellence in jewelry making & design, has announced plans to launch the MJSA Designer Collaborative, a community through which jewelry designers ...

Readmore

Loading...

Featured Articles

Eager to grow, eager to please, Costar Imports realizing goal of going national

Eager to grow, eager to please, Costar Imports realizing goal of going national

With expansions to the San Francisco Bay Area and Thailand, Costar Imports has come a long way since Ram Kedia opened up shop in New Orleans back in 1988.

Costar began as a diamond wholesaler supplying independent retail jewelers in the Southeastern U...

Readmore

Loading...

Latest News

ISG Global Network introduces Gemology Lab

2 DAYS AGO
ISG Global Network introduces Gemology Lab

The ISG Global Network (ISG) is pleased to introduce the ISG Gemology Lab, the latest addition to ISG’s network of gemological and appraisal services. The purpose of the ISG Gemology Lab is to provide world-class gemological services for the identification of natural and created gemstones, and their...

Readmore

AGS Laboratories Certificates for the ASHI I DO Collection

2 DAYS AGO
AGS Laboratories Certificates for the ASHI I DO Collection

Give your customers another reason to buy a beautiful bridal engagement ring from the ASHI I DO Collection, knowing that the diamond was graded by a respected independent gemological laboratory.  ASHI, in association with the American Gem Society Laboratories (AGSL), now offers a detailed Diamond Gr...

Readmore

Industry notables join panel at GIA’s New York Jewelry Career Fair

21 DAYS AGO
Industry notables join panel at GIA’s New York Jewelry Career Fair

Gem and jewelry’s largest recruiting event will take place July 25 at the Javits Center

(NEW YORK) - Prominent personalities from the gem and jewelry industry will join GIA at the Jacob Javits Center in New York for the Institute’s annual Jewelry Career Fair on July 25. The not-to-miss opening panel ...

Readmore

4th annual Rings of Strength Tour: Walking, running, biking and yoga to support Jewelers for Children

27 DAYS AGO
4th annual Rings of Strength Tour: Walking, running, biking and yoga to support Jewelers for Children

(NEW YORK) - Jewelers for Children held the 4th annual Rings of Strength Tour on Thursday, June 2, at Mandalay Bay Resort and Casino in Las Vegas. More than 160 participants assembled at 5:30 a.m. to either walk or run 5K, or bike one of two courses, a leisurely 15K route or a challenging 50K route. ...

Readmore

Southern Gates® appoints reps for TOLA region

2 DAYS AGO

(CHARLESTON, S.C.) - The Southern Gates® Collection is pleased to announce the addition of two new representatives to their growing sales team. Robert and Dana Douglas join The Cargo Hold in the TOLA region, bringing the best-selling Southern Gates® Collection to independent jewelry stores in Texas, ...

Readmore

Eaton Hudson launches new Jewelry Advisory Division

8 DAYS AGO
Eaton Hudson launches new Jewelry Advisory Division

Led by former Silverman Consultants’ team and focused on exit strategies and asset disposition

(ALPHARETTA, Ga. & TORONTO) - Eaton Hudson has announced the formation of a new division, Eaton Hudson Jewelry Advisors. Based in Charleston, SC, the division, led by the former Silverman Consultants tea...

Readmore

MJSA launches new Designer Collaborative

2 DAYS AGO
MJSA launches new Designer Collaborative

Appoints Andrea Hill as Designer Advocate

MJSA, the U.S. trade association dedicated to professional excellence in jewelry making & design, has announced plans to launch the MJSA Designer Collaborative, a community through which jewelry designers can share ideas, discover inspiration, and find th...

Readmore

Thorsten Jewelry introduces tungsten bands with precious metal inlays

2 DAYS AGO
Thorsten Jewelry introduces tungsten bands with precious metal inlays

(LONG BEACH, Calif.) - Thorsten Jewelry, a leading manufacturer of alternative metal wedding bands for men and women, is proud to launch their tungsten and precious metal inlaid wedding bands.  Tungsten rings with precious metal inlays offer the retail jeweler an opportunity to sell an alternative me...

Readmore

Analyzing the aftermath - the JADE Act

Embargo on gemstones originating from Myanmar, formerly Burma is nothing new. But the backlash, and divisive commentary in the wake of the latest officially implemented ban is bound to polarize many members within the gem trade. And oddly enough, all those voices have a point - and a valid one.

Aimed at penalizing the Burmese ruling junta through embargo, the US government had banned products coming from Burma since 2003. However the broad language of that earlier sanction permitted the importation of Burmese-origin gems that were cut or polished elsewhere. On July 30, 2008 President George Bush signed into law the Tom Lantos Block Burmese JADE Act, restricting the import of precious Burmese gems and stones.

Some observers claim the previous sanctions had a loophole. Others argue it was no loophole - that the earlier ban simply expressed a different set of parameters for gemstone importation. So, unlike the former embargo, the JADE Act ban now clearly states that Burmese-origin jadeite and ruby, including those which have undergone “substantial transformation” elsewhere, are to be banned from coming into the US. The only exception would be Burmese gems brought in for ‘personal consumption.’

While the industry contemplates these new developments, the global gemstone community already voices disparate opinions. Director of Public Affairs for Jewelers of America (JA), Peggy Jo Donohue assured that JA will make certain that its members clearly understand that no rubies or jade mined in Burma may be imported legally into the U.S. And, Donohue added, to be certain, “Jewelers should seek written assurance from their suppliers that they will not knowingly supply these banned gems.”

The comprehensive nature of the JADE Act, spelled out in lengthy legalese, may appear to be a daunting task when it comes to sorting it all out. But the Jewelers Vigilance Committee (JVC) has streamlined this concern with information clearly spelled out on their website for those interested - www.jvclegal.com.

It’s impossible to prove some stones have been in the US prior to the implementation of the JADE Act, certain dealers worry. Old stock - really old stock - may not have the paper trail that the current legislation demands in order to sell existing stock that may have come from Burma - or not. Proving the origin is a hotly debated topic where this new ban is concerned.

Some people mistakenly believe the determination of origin, not how long it has been in the US, is at least a done deal. Inclusions and fluorescence clues some feel, are fail-safe and will tell if a ruby originated in Burma. Not so fast, warns Christopher Smith, vice president and chief gemologist, of American Gemological Laboratories (AGL).

Burmese rubies are found in three major deposits; the Mogok Valley, Mong Hsu and Namya Zeik. Yes, it’s true that a number of indicators can assist in separating ruby from Burma and ruby from other sources around the world. These indicators are various inclusion and spectroscopic features, internal growth structures, and chemical composition. Still, since there are ruby deposits in other locales whose geologic environs almost mirror that of Burma, in many instances, “distinguishing these sources from Burma ruby can range from straight forward to very difficult.”

Noted ruby and sapphire authority Richard Hughes believes that the statistics involving the sale of Burmese ruby are grossly misleading. “Claims that the junta earns $300 million a year from the sales of gems are based upon gross gem auction proceeds, but in reality many of the lots sold at auction are owned by private parties, not the junta,” Hughes states.

Time will tell whether this law which intends to send a punitive message to the brutal ruling junta of Myanmar achieves its desired effect. No one, as Douglas Hucker, CEO of American Gem Trade Association (AGTA) understands it, wants to see the innocent victims of this legislation become the fall guy to this ban. “My concern,” Hucker stressed, “is that this Bill is going to hurt the wrong people like the artisanal miners, instead of the junta.”

jarrett-nov

 

La Pierre Precieuse, Montreal, offers fine Cambodian ruby as an alternative to the banned Burmese ruby.
Photo courtesy of La Pierre Precieuse. Burmese Ruby crystal, courtesy of Will Heierman, www.corunduminium.com.

 

The ripple effect of the Burmese ban spreads to Thailand, and surrounding nations which traditionally cut these stones. Gem dealer Bill Larson, president of Pala International, spends a great deal of time in Asia. “These are independent (Burmese) miners who supply the Thais; and the dealers all come to Thailand unofficially,” Larsen points out. So he feels that ruby sales do not enrich the Burmese government. “Who it will affect are the thousands of Thais in the cutting and jewelry industry.”

Montreal based gem dealer Pramendra Baid, of La Pierre Precieuse, Inc., sees a closer-ranged unintended consequence. Baid forecasts a flood of Burmese goods having entered the US ahead of the ban enforcement, resulting in an unwanted price hike for Burmese goods. The residual challenge, Baid predicts will be in serving the upper tier of the market. Nothing else quite looks like Burmese ruby, he says. Ruby from other countries lacks the color saturation and clarity as fine Mogok ruby. Baid also foresees difficulties with implementing the new documentation requirements for Canadian based importers and manufacturers who sell to the US because “origination documentation for previously purchased rubies (both Burmese and non-Burmese) will be difficult if not impossible to obtain.”

In the end, all of these well founded concerns are mitigated by the cohesive unity of trade members not wishing to support a government whose human rights abuse records are so abysmal. And the various voices all make their point. JA Director of Public Affairs Donahue affirmed, “Until genuine democratic reform becomes a reality in Burma, such sanctions are necessary to send a clear message from American jewelers to the ruling military regime.”

Graduate Gemologist and Registered Master Valuer Diana Jarrett is also a member of the National Association of Jewelry Appraisers (NAJA). She’s a frequent lecturer at conferences and trade shows. Jarrett serves as Colored Stone Editor for Rapaport Diamond Report; with other works regularly appearing in trade and consumer publications. Contact her at This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it. or visit her website: www.dianajarrett.com.


Columnist



Media Kit