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Why De Beers makes beautiful diamonds it will never sell to you

DeBeersLONDON - Scientists at De Beers can make near-flawless diamonds in a lab, but they will never sell you one.

The 127-year-old mining company's Element Six unit, named for the carbon atom's rank on the periodic table, makes gems that are as perfect as any found at Tiffany & Co. stores, yet their destination is a 1980s office complex on the edge of London. There, a team of 62 studies their creations and develops machines for diamond buyers trying to spot synthetic stones being peddled as the real thing.

While still a small part of the market, man-made diamonds are now being mass produced, and retailers like Wal-Mart Stores sell them to customers seeking cheaper alternatives. But because the gems are almost indistinguishable from those naturally formed, some sellers have tried to pass off synthetic types as ones that have been mined. Parcels in Indian cutting centers were found to contain a mixture of man-made and mined gems. For De Beers, formerly a near-monopoly distributor that both ruled and nurtured the market, cheaters pose a risk to consumer confidence in an $80 billion global industry.

U.S. trade groups form Council

Associations will work together to address high-level issues that can impact their memberships

(NEW YORK) - Leading jewelry associations in the United States have come together to form the United States Jewelry Council (USJC), in order to work more closely together on making sure the U.S. jewelry industry is collectively represented at government and international levels, as well as dealing more effectively on key issues, such as those of social, ethical and environmental importance, that might impact the U.S. jewelry industry.

Polished diamond prices slide in September

RapNet Diamond Index for 1 ct. GIA-graded diamonds -6.3% in 3Q

(NEW YORK) - Diamond suppliers are under pressure as polished prices fell further in September. According to the Rapaport Monthly Report – October 2015, U.S. demand is steady as the holiday season approaches, but Chinese buyers are restrained due to a slowdown in economic growth in China and Hong Kong.

Opal dispute involves Austin, Texas, and Adelaide, Australia

chroneAUSTIN, Texas (AP) — Where to begin with this story?

There's the soap opera angle, reportedly involving bitter infighting among city politicians over a precious gem thought by at least one person to be bad luck.

There's the angle that sounds straight out of a Sherlock Holmes tale, with one newspaper writing of "the mystery of the Lady Mayoress' opal."

Then there's the comedic angle, one reminiscent of that "Seinfeld" episode where an astronaut pen given to Jerry ignites an argument over the etiquette of gift-giving, against a backdrop of petty retirement community politics.

Time Flies: A Watch Delivery via Drone in Frankfort IL

DroneOn Tuesday September 23 Distinctive Gold Jewelry in Frankfort, Illinois did something that no other jewelry store in Frankfort or possibly Illinois has done. They delivered their first gift to a customer by drone delivery! Distinctive Gold Jewelry delivered a women's watch to a wonderful couple celebrating their anniversary. Now this was a manned drone delivery, and not exactly the GPS driven and unmanned drone's that are to be "the future", but I don't even know if Amazon has that figured out yet!

Can a Constitutional play trump a global power grab for the Internet?

Sponsored content from Southern Jewelers Guild

By Ann Glynn - President/CEO Southern Jewelers Guild

How many times a day do you think about the Internet? Not about things that you actually do when you get on the Internet, such as checking your e-mail, social media feeds or searching for recipes or breaking news, but the actual backbone that delivers all of this relevant information seamlessly at your fingertips?

The Internet began more than 50 years ago under the direction of President Dwight D. Eisenhower as part of the Advanced Research Projects Agency (ARPA). ARPA was created as a direct response to Sputnik’s launch, and its purpose was to give the United States a technological edge over other countries.

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