GemFind Newsletter 7-19-2016

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Higher Prices Drive U.S. Jewelry Sales Growth

Rapaport News July 17

U.S. specialty jewelry store sales rose 2 percent in May while jewelry prices also rose, according to government data showed. Sales hit $2.79 billion during the month, which includes Mother’s Day and is among the busiest selling periods of the year after Christmas.

Start-up Reveals Women Receive Less Than Men When Selling Diamond Rings

David Brummer IDEX July 18

It is estimated that around 1 million diamond rings are sold back into the market each year, with 800,000 sold back by women, following divorce. New York law states that a diamond ring given

Brecken Branstrator National Jeweler July 19

A wire transfer of $715,000 from the Gem and Jewellery Export Promotion Council to organizers of the JCK Las Vegas show has reportedly gone missing. The GJEPC said it wire-transferred the money through a bank to show organizers, who said

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Synthetic Diamonds Pose Threat to Industry, Particularly Melee, Report Say Rob Bates JCK July 18

Lab-grown diamonds could prove a “serious potential disruptor” to the established market and will likely hurt the price of melee, according to a new report from Morgan Stanley & Co. International research. Still, the Morgan Stanley analysts predict that lab-grown diamonds won’t totally triumph .

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Top 10 jewelry efforts of H1

Jen King Luxury Daily July 18

Despite waning interest in fine jewelry and watches, brands in this categories strived to engage consumers through digital tactics and new points of sale. The global slowdown has impacted jewelers and watchmakers, but many have responded by embracing other categories,

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Paris Biennale des Antiquaires

Anthony Demarco Jewelry News Network July 18

The Paris Biennale des Antiquaires is not only one of the world’s most important antique fairs but it is also an important stage for international high jewelry brands. However, with the organization’s renewed focused on antique galleries, a number high jewelers left the show

Roberta Naas Haute Time July 13

It was several yeas ago that Graff discovered an opaque 299-carat rough diamond from the Letšeng Mine in Lesotho. The family owned and operated company couldn’t resist the temptation to purchase it and try to turn it into a world- famous stone

Phillips to sell holy grail stainless steel Patek in November

Watchpro July 18

Phillips has set an estimate of US $3m+ on the stainless steel Patek Philippe ref.1518 it will put under the hammer at its Geneva saleroom at the beginning of November. The watch is one of four known to exist and has never been offered at auction before.

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Business Pulse: Do Jewelers Track Store Traffic?

Michelle Graff

National Jeweler July 18

When it comes to counting store traffic, it’s a 60-40 split for jewelers, National Jeweler/Jewelers of America’s latest Business Pulse survey shows. Fielded between June 27 and July 5,.

JOY AND SADNESS, DARKNESS AND LIGHT: THE JEWELRY OF AIDA BERGSEN

Trace Shelton indesign.jewelry July 14

Bergsen’s understanding of human nature reveals itself in this layering of motifs and emotion in her pieces, and that’s what resonates so strongly with jewelry collectors. It’s clear that with each piece, she has ingrained her favorite piece of advice: “Look with your heart.”

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