Last updateWed, 26 Oct 2016 4pm

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Eight-carat diamond smashed in the name of science

eightcaratdiAt the University of Melbourne, a rare, eight-carat diamond has been smashed to smithereens in a bid to discover the secrets of its origin and a potential 'mother lode' of diamonds.

Professor David Phillips, Head of the School of Earth Sciences at the University of Melbourne, recently took a hammer to the diamond to extract two rare, emerald-coloured inclusions.

The inclusions are made of a green mineral called clinopyroxene, which contains small amounts of radioactive potassium.

This makes it possible to date when the diamonds erupted out of a volcano, after they were formed inside. Knowing this makes it easier to hunt down the original source and the all-important 'mother lode' of diamonds.

"It's like looking for a unique word in 'War and Peace' and instead of having to search the whole book, you only have to look through a handful of pages," Professor Phillips says.

Gold sinks 7 sessions in a row, loses 4.7% last week

gold bricksBy Myra P. Saefong
Markets/Commodities Reporter


Prices tank as upbeat U.S. jobs report lifts the dollar

Gold futures on Friday extended their losing streak to a seventh straight session, settling at their lowest level in more than three months after a better-than-anticipated jobs report made a December interest-rate rise look more likely.

December gold GCZ5, +0.18% lost $16.50, or 1.5%, to settle at $1,087.70 an ounce. Prices logged their lowest settlement since Aug. 5. For the week, they lost about 4.7%, for a third straight week of declines.

December silver SIZ5, +0.50% took a hit along with gold, falling 29.2 cents, or 2%, to $14.691 an ounce. For the week, prices saw a 5.6% decline.

Jewelers Mutual, millennial expert Jeff Fromm share insights on ways to attract millennial shoppers

Mutual(NEENAH, Wis.) - There are currently 11.8 million Millennials ages 18-30 living in U.S. households with annual incomes exceeding $100,000. By 2018, Millennials will take over the luxury market.* Is the jewelry industry ready?

It’s a question the team at Jewelers Mutual Insurance Company has been asking itself. As the only insurer exclusively insuring jewelry for over 100 years, they plan to be around for 100 more and know to do so requires staying relevant to the most influential consumers. “The number one consumer changing the face of today’s jewelry shopper is the millennial,” said Trina Woldt, Chief Marketing Officer at Jewelers Mutual.

Polished diamond prices soften in October

RapNet Diamond Index (RAPI™) for 1ct. GIA-Graded diamonds -1.3%

(NEW YORK) - The Rapaport Group reports polished diamond prices fell in October despite rising expectations for the U.S. holiday season. Trading improved but turnover is well below last year’s levels. Suppliers are holding large polished inventory, while dealers are trying to buy select goods at deep discounts.

The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds fell 1.3 percent in October. RAPI for 0.30-carat diamonds slipped 0.1 percent and RAPI for 0.50-carat diamonds declined 1 percent. RAPI for 3-carat diamonds slid 0.4 percent.

Stuller announces 2016 Annual Bench Jeweler Workshop

Stuller 11 15Introducing the Battle of the Benches competition

(LAFAYETTE, La.) - Stuller has revealed a revamped 2016 Bench Jeweler Workshop itinerary including a new, live competition on the showroom floor held at their global headquarters in Lafayette, LA April 1 - 3, 2016.

“We’ve taken this year’s event to a new level,” says Tammy Kidder, vice president of merchandising. “Not only is Workshop a great opportunity for jewelers from around the country to come together to share tips, and learn from each other and industry professionals, but we’re also adding some friendly competition to the mix.”

Three tips for investing in colored stone jewelry from Steven Royce Designs

(NEW YORK) - Steven Royce Designs, a New York-based design house specializing in colored gemstones, will be launching a social media campaign with the goal of educating consumers in how to best invest in jewelry.

“In the last few years, we’ve been getting more and more requests from people all over the U.S., Canada and, increasingly, China and the Far East, who are interested in our jewelry specifically for investment purposes,” said Steven Royce Designs Vice President Jason Rahimi. “We’re finding that there are many people who are eager to invest in jewels, but they are not sufficiently informed about the marketplace. We believe that an educated client is our best customer, so we’re going to start sharing information and advice publicly and we encourage potential investors to contact us with any questions.”

Duchess Kate dazzles in diamonds at her first State Banquet

princessThe Duchess of Cambridge looked every bit a princess tonight as she and Prince William attended their first State Banquet in honor of the President of China and his wife Madame Peng.

Kate looked regal in a bespoke red Jenny Packham gown wearing the Lotus Flower Tiara on loan from the Queen, diamond chandelier earrings and a stunning diamond bracelet. She first wore the Lotus Flower Tiara (or Papyrus Tiara, as it’s sometimes called) at the 2013 Diplomatic Reception. It's only the third time the Duchess has worn a tiara.

There was speculation that the Duchess may have worn the late Princess Diana’s Cambridge Lovers Note Tiara, which was a gift from the Queen to William’s mother, because it bears the Duke And Duchess of Cambridge’s name. Instead, Kate appeared to give a nod to Chinese culture wearing a red dress which symbolizes luck, good fortune and joy, and selecting the Lotus Flower Tiara which also has great historical significance in China.

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