Last updateWed, 19 Oct 2016 12am

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Jewelers meet with leaders on Capitol Hill

JAPAC(NEW YORK) - The Jewelers of America Political Action Committee (JAPAC) continues to grow its legislative influence on Capitol Hill, as the group led a delegation of jewelers to Washington, D.C., for the fifth consecutive year. This year’s meetings - which connected jewelers with over 30 lawmakers and legislative staff - took place on June 17. The fly-in was well-timed, as the group capitalized on the opportunity to discuss a new sales tax fairness bill – the Remote Transactions Parity Act (RTPA) – that was introduced by Congressman Jason Chaffetz (R-UT) in the U.S. House of Representatives on June 15.

Lower Supply Supporting Polished Diamond Prices

Findings from the Rapaport Monthly Report

(NEW YORK) - Diamond markets were stable in May as reduced supply supported polished prices in select categories. The JCK Las Vegas Show met expectations and raised sentiment even though sales were slightly disappointing. Consistent U.S. demand is compensating for sluggish Far East markets.
The RapNet Diamond Index (RAPI™) for 1-carat laboratory-graded diamonds rose 0.3 percent during May. RAPI for 0.30-carat diamonds fell 1 percent and RAPI for 0.50-carat diamonds declined by 1.1 percent. RAPI for 3-carat diamonds increased 0.4 percent during the month.
During the first five months of the year, RAPI for 1-carat diamonds increased 0.7 percent, but has declined by 13.6 percent from one year earlier on June 1. 


Who was in on the Great Diamond Hoax?

It was the perfect crime, brilliantly conceived and executed.

No widows and orphans were created in the making of this crime. No little old lady lost her life savings. Only the high and mighty were brought low.

In late 1871, Phillip Arnold and John Slack, two weather-beaten miners, appeared with a small leather sack at George Roberts' office, asking him to keep the sack in his vault. They reluctantly revealed the sack contained uncut diamonds and showed a few samples, but swore Roberts to secrecy.

Gold nugget worth £10,000 uncovered in Scotland is the biggest discovery in decades – but the man who found it almost THREW it away

gold nuggettA gold nugget worth a staggering £10,000 was almost discarded by the lucky man who pulled it from a river in Scotland.

The hunk of precious metal - thought to be the largest found in Scotland in seven decades - was discovered by a Canadian gold panning enthusiast in a river near Wanlockhead, in Dumfries and Galloway on Thursday morning. 

It is believed the 20-carat nugget, which weighs around 18 grams, will spark a gold rush in the area.

Guarantee an entry into the 2015 Bank of America Chicago Marathon with Jewelers for Children

Jewelers for Children (JFC) has guaranteed entries for the 2015 Bank of America Chicago Marathon to be held on October 11. This means that runners participating in the Chicago Marathon can not only run in one of the Abbott World Marathon Majors, but they can raise funds for JFC at the same time.

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