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Synthetic Diamonds: The Products, the Perceptions, and the Retailers

AGA Las Vegas Conference 2015 - delving deeper in the synthetic diamond trade

As a follow up to last year's highly successful conference, the Accredited Gemologists Association (AGA) has tapped gem industry expert Gary Roskin, GG, FGA, and host of the Roskin Gem News Report, to moderate this half-day program featuring some of the most important industry leaders handling synthetic gem quality diamonds. And speaking of handling, a hands-on, discovery hour provides attendees with the opportunity to handle and become familiar with gem quality synthetic diamonds.

Gems One launches www.MyBridalBells.com dealer iFrame website

Gems One Corporation, a global diamond jewelry manufacturer with offices in New York, Dayton, Hong Kong and Mumbai, has announced the launch of an iFrame website designed to create traffic for their retail dealer network carrying Bridal Bells. According to Anuj Jain, President of Gems One: “As we have increased our focus on marketing support for our customers, we’re using our ability to achieve scale to fund and create tools that our customers simply can’t do themselves. We’re convinced that the investment required to build the www.MyBridalBells.com iFrame is money well spent, for us, as well as for our dealers.”

Rapaport Melee Diamond Index down 4% in 1Q 2015

Rapaport Auctions sells over 135,000cts of polished for $28.9 million in 1Q

(NEW YORK) - The Rapaport Melee Index (RMI™) for small diamonds decreased by 4% to 124.50 during the first quarter of 2015. Year over year the index is down 9.5% from its level of 137.60 in March 2014.

Rapaport reports polished prices declined throughout the first quarter of 2015 as retailers were largely absent from the market and diamond trading remained slow in March. Jewelry retailers refrained from their usual first quarter buying and avoided unnecessary buildup of inventory. Diamond manufacturers significantly reduced their polished production in an effort to diminish their existing polished stock, as overall demand was weak and profit margins remained slim. Furthermore, liquidity continued to be tight due to weak demand, manufacturers’ lack of profitability, and the increased self-financing of rough purchases as banks restrict and reduce credit limits.

Diamond Empowerment Fund announces Diamonds Do Good consumer initiative

In-store and online materials available to retailers at no fee

(CHICAGO) - Today’s customers increasingly want to know that the companies they do business with are a force for positive change. During both the “Power Panel” and “Connecting Powerful Diamond Stories with Customers” seminars at the Smart Show Chicago, Dr. Benjamin Chavis, co--founder of the Diamond Empowerment Fund (D.E.F.), stressed the need to connect the positive stories behind diamonds with customers.

Stuller, Inc. launches loyalty program

Stuller First™ to offer benefits to retailers

(LAFAYETTE, La.) - Stuller is proud to announce the launch of Stuller First, the manufacturer’s first company-wide loyalty program.

“This program has been two years in the making, and we’re eager to finally bring it to our customers,” says Stuller Chief Marketing Officer, Kevin Metz. “We’ve always strived to put our customers first. And this is our way of making it easier for them to do business with us, beginning with the way we ship packages.”

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