GemFind Newsletter 7-5-2016

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Diamond Prices Slide in June
Rapaport  News              July 05  
Polished diamond prices fell in June and sentiment softened after relatively weak Las Vegas and Hong Kong shows. Steady U.S. demand is supporting the market but overall demand is sluggish. 
 
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HRD Antwerp Opens Flagship Paris Store
David Brummer      IDEX       July 05 

The company has collaborated with selected retailers to provide high quality products and services, choosing Paris because of the prestige, credibility and visibility associated with the city. 

 
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British Jewelry Designers React to Brexit
Ashley Davis          National Jeweler        July 05  

In the wake of the controversial Brexit referendum, National Jeweler asked some of the United Kingdom’s top jewelers to weigh in on the nation’s decision to leave the European Union. 

 
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Would an Auction House Sell a Lab-Grown Diamond?                    Rob Bates                         JCK                            June 30

Earlier this year, we had news out of Russia about a 5 ct. blue polished diamond.  Given the rarity of blue diamonds, the auction houses would normally jump at that stone. Except in this case it was grown by New Diamond Technology.    

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Men terrified of buying engagement rings due to social media ‘ringflation’
 
 Professional Jeweller             July 04 
    

Whipping out a diamond ring was once an essential part of the traditional marriage proposal –but today’s generation are increasingly waiting until their partner says “yes” before picking an engagement ring as a couple, according to London’s oldest family jewellers. 
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30 Spectacular Jewels From The 2016 Couture Show

Anthony Demarco      Jewelry News Network              June 30

The Couture Show at the Wynn Las Vegas & Encore Resort features jewelers (from international brands to individual jewelry artists) who specialize in high design, high fashion and high jewelry. 
 
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RED, WHITE & BLUE NOT JUST JEWELS FOR THE 4TH OF JULY
Beth Bernstein       indesign.jewelry    July 05  
Here are some of my picks, from antique pieces to modern designs in these timeless and meaningful gems— My advice, whatever your style or favorite category in jewelry, you should own a piece in one or all three of these storied stones.
 
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A New Website That’s Designed to Educate the Industry

National Jeweler           July 01

The website serves as a resource for members of the trade to learn about and access the many educational programs offered by the jewelry, diamond, colored stones, precious metal and watch associations.
 
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How customers scam online jewelers out of their luxury gems 
    Lisa Fickenscher    New York Post       July 03 

The jewelry industry has been rocked recently by salacious stories about customers who claim they were sold fakes or that their local store swapped out real gems for stones of a lesser value. 

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Coach’s Corner: ‘Salesperson’ Shouldn’t Be a Dirty Word 
  Pat Henneberry         National Jeweler        July 05     
Many years ago, sales got a bad name from used car dealers. (Thanks a lot for that!) Yet, I still hold on to my business card from the ‘80s that reads “Artcarved Sales Representive,” and I am proud of it. Companies in our industry today can’t survive without salespeople.  
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