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Advanced technology expands GIA Pearl Testing capabilities

Lab can accurately assess more pearls, more quickly on a daily basis

(CARLSBAD, Calif.) - GIA (Gemological Institute of America) has announced significant advancements in its pearl testing process. Highly advanced micro-CT X-ray units that produce high-definition 3-D images of individual pearls have been installed after months of tests and evaluations. These new units enable GIA to rapidly gain fully rotational 3-D images of the internal growth structures of pearls in just 15 to 20 minutes; older units take 3 to 5 hours or more. This new technology enables GIA laboratories to assess much larger groups of pearls more quickly and in greater detail than any previously employed technology.

Polished diamond prices rise 2.4% in April 2011

Rapaport issues April 2011 Research Report “Positive & Cautious”

(NEW YORK) - Certified polished diamond prices rose in April but at a slower pace as caution set in amongst dealers seeking stability after concerns that trading may have over-heated in the previous month. Ongoing political instability in the Middle East and global economic uncertainty causing high inflation and volatility in commodities markets, have added to the cautionary mood.

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.

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