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GF Weekly Newsletter
The 478-carat diamond recovered from an African mine in September has sold for $18.4 million and is expected to yield a polished stone of at least 200 carats.Safdico, the manufacturing arm of high-end jeweler Graff Diamonds, outbid six other diamantaires to snatch up the stone, named "Leseli la Letseng" (the light of Letseng), at a tender in Antwerp, Belgium, recently, according to a release from Gem Diamonds Ltd.
Armed robbers - some disguised as women - snatched euro85 million ($108 million) worth of diamond rings, necklaces and luxury watches from a Harry Winston boutique on a posh Paris avenue in one of the largest jewel heists in history, officials said Friday. The gang of three or four robbers threatened about 15 employees with handguns and hit some on the head before taking the jewels from display cases from the store near the Champs-Elysees, said a police official, who was not authorized to be publicly named under agency policy. 
President-Elect, Barack Obama, hasn't let a little thing like appointing a new cabinet, a sinking stock market, the failing auto industry, two wars and global warming get in the way of a little romance. And what better way to show her you love her than with a little jewelry? The Daily Mail reports that Obama has commissioned famous Italian jewelry designer, Giovanni Bosco, to create a special ring for his wife to thank her for her support during the campaign. He plans to give her the gorgeous gem in time for the inauguration ceremonies on January 20th. 
The holiday season has come to signify not only a time of celebration among family and friends -- it's also usually a period of joy for retailers. This year, however, the lagging economy threatens to dampen everyone's holiday spirit, and retailers who depend on a large holiday season sales boost should prepare for a much smaller increase: Forrester Research analysts have projected that sales will grow at just 12 percent this holiday season, compared to a 21 percent jump last year. 
Yehuda Diamonds filed a federal lawsuit seeking to require Blue Nile, Inc., which claims to be the world's largest online retailer of certified diamonds and fine jewelry, to offer a full and complete refund to any Blue Nile customers who wish to return emeralds or emerald jewelry items purchased from the company.
No matter how small your retail business may be, the benefits of attending a trade show sponsored by vendors or industry associations far outweigh any reason not to attend. These conferences have been developed in order to give retail owners, buyers and managers the opportunity to meet existing suppliers, conduct business meetings, network with others in retail and investigate new products.
Hard times are coming, it can be safely said, when even shoppers at the toniest retailer on New York's Fifth Avenue are reduced to bargain hunting. At Tiffany & Co. on the day after Thanksgiving "most of the crowds were packed into its less expensive, sterling-silver jewelry department," according to the Nov. 28 Wall Street Journal. A Connecticut shopper confessed to the paper, "We usually browse on the first floor (where gold and diamond jewelry is displayed) but today we just headed straight for the third floor." 
The Council for Responsible Jewellery Practices (CRJP) has released the implementation documents for its system of certifying responsible ethical, social and environmental practices through the diamond and gold jewelry supply chain, the group announced on Thursday. In addition, the organization has debuted a new logo and a new, simplified name: the Responsible Jewellery Council (RJC).
In an effort to draw consumer dollars in a down economy, jewelers who spoke to National Jeweler on Monday said they are getting creative with their promotional plans this holiday season, changing up their spend, their approach and their timing.
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GemFind: Diamond Search, Web Development, JewelCloud , ring builder, stud builder, pendant builder 2008-12-09
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Tags: 2008, December, Uncategorized
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