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Last updateWed, 20 May 2015 1am

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Why are auction house diamond sales breaking records?

Industry insight by Russell Shor, GIA senior industry analyst © GIA

The upcoming 2011 jewelry auction season promises more record-breaking large diamonds and top fancy colored diamonds. Even as the world economy is still recovering from the economic crisis of 2008-9, it seems the wealthy cannot get enough of these stones. They helped Christie’s and Sotheby’s – which together account for nearly 90 percent of the top jewelry auction market – achieve record sales last year.


Richmond jewelers raise $14,500 for VCU Massey Cancer Center through Jewels for a Cure raffle

(RICHMOND, Va.) - Last month, VCU Massey Cancer Center held it’s annual Women & Wellness program at the historic Jefferson Hotel. With over 1000 supporters attending the sold-out breakfast and lunch programs, the event raised over $180,000 for the Cancer Center, including $14,500 raised by the first Jewels for a Cure Raffle.

FL jeweler Jack Massey, 94, dies

Jack H. Massey, Jr. died on March 4, 2011 in Palatka, Florida at the age of 94.

Massey founded Jack Massey Jewelers and Photo Supply in Palatka on August 1, 1954.  He owned and operated his business until the time of his passing, and was very active in his local community.

Jewelers for Children supports relief efforts in Japan

Jewelers for Children (JFC), the industry’s charity, has announced they have made a $25,000 donation to Save the Children to support relief efforts in the devastated areas of Japan.  The organization has also received pledges from donors for additional support directed towards the disaster, including support from Sterling Jewelers that will be forwarded to Save the Children in the coming weeks.

DCA training helps Zales meet goals

(NASHVILLE, Tenn.) - In a conference call on recent company performance, Zale Corporation Chief Executive Officer Theo Killion identified the Diamond Council of America’s (DCA) Diamond Courses and training as a factor in meeting company goals. Zale’s revenues for the quarter ended January 31 grew 7.9%, compared to the same period in 2010.

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