02132016Sat
Last updateTue, 09 Feb 2016 8pm

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Rapaport reports polished diamond prices increase in December

Shortages supporting the market as RAPI for 1ct. rises 1.5% 

(NEW YORK) - Polished diamond market sentiment improved in December as shortages supported prices and dealers filled last-minute holiday orders. Initial reports about U.S. holiday season jewelry sales are positive. General retail sales were up about 8 percent with online mobile sales up 50 to 60 percent. However, there is still very limited dealer and retailer diamond inventory buying due to uncertainty about U.S. post-holiday demand and the Chinese New Year.

The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds rose 1.5 percent in December. RAPI for 0.30-carat diamonds advanced 4.7 percent and RAPI for 0.50-carat diamonds grew 3 percent. RAPI for 3-carat diamonds fell 0.1 percent.


JVC announces FTC Issuance of the Proposed Revisions to the FTC Guides for the Jewelry Industry

JVC(NEW YORK) - The Jewelers Vigilance Committee (JVC) announced the issuance by the Federal Trade Commission (FTC) of the proposed revisions to the FTC Guides for the Jewelry Industry. This latest draft was issued by the FTC after consideration of the industry’s comments and answers to a series of questions posed by the FTC (submitted 9/28/12). It also follows an FTC-hosted business roundtable on June 19, 2013 in Washington, DC to discuss additional questions pertaining to certain provisions of the proposed revisions, involving precious metal items and products made of corundum and leaded glass.

World's largest blue star sapphire 'found in Sri Lanka'

bbc blue sapphire

Gemologists in Sri Lanka claim that the largest blue star sapphire yet has been discovered in a mine in the country.

The gemology institute in the capital Colombo has certified that the gem weighs 1404.49 carats and say they have not certified anything larger.

The gem is valued at at least $100m and the current owner estimates that it could sell for up to $175m at auction.

Sri Lanka's gem industry, for which sapphire is the main export, is worth at least £70m ($103m) annually.

Blue star sapphires are so named because of the distinctive mark found at their centre.

"The moment I saw it, I decided to buy," the current owner, who wishes to remain anonymous, told the BBC World Service's Newsday programme.

The SJG Smart Business Report - New Year, New You, New Experiences!

2016 is stretching before us like a blank canvas, and if you are like me, this time of year can be both exciting and nerve-wracking. We can’t predict or control what the year will bring, what the economy will do, or how customers will react to global events. Therefore, the best thing we can do for ourselves and for our businesses is to move forward and anticipate the best outcome for everything, while staying flexible enough to adapt to any social or economic pressures that might arise.

What I learned at MJSA’s ConFab 2015

I recently attended MJSA’s ConFab in the Great Hall, Fashion Institute of Technology (FIT) in NYC. It was a fabulous day of very useful information and networking with lots of designers.

The ConFab event (an informal conversation or discussion) featured four speakers and was well attended. Over 100 people attended. There was quite a bit of informal sharing of information as well as tables manned by vendors from Autodesk, Otto Frei, Gesswein and Frank Billanti Casting Co.

'Christmas miracle': NJ man's lost wedding ring found in the ocean

fox lost ring1

A New Jersey man was reunited with his wedding ring this month after it fell off his finger and sank to the bottom of the ocean while he was fishing.

Jay Bradford's ring fell in the water off Long Branch while he was pulling an anchor in during a frustrating day searching for blackfish earlier this month, The Asbury Park Press reported.

"He texted me and said his day was going wrong. I said `don't worry you will find the fish,"' said his wife Meagan Bradford, 29. "He texted me back, `it's not the fishing, I lost my ring in the water.' I nearly threw up."

The Year in Details: 25 of the Best Jewelry Snaps

vogue rear inSo long, 2015. We’re sending out the year with a look back at the little things—specifically, the most knock-out detail shots. The bags, the baubles, the shoes; they’re all here. Check back as we round up our favorite snaps.

All that glitters isn’t necessarily gold. 2015 saw the runways brimming over with covetable accessories that ran the gamut from dainty (Gucci’s understated pearl ear bobs drew a sharp contrast to all the profusion elsewhere) to tough (Francisco Costa’s chunky, sophisticated take on your old-school anklet). In this slideshow see 25 of the year’s best shots.

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