May 2007 Archives
The Girdle of A Loose Diamond: What Is It & What Does It Look Like?
Did you ever wonder what the words "diamond girdle" means, when you see it as a designation on the certificate or grading report of a loose diamond?
Well, the girdle is exactly what it implies (;-), the outer most circumference of the diamond.
Some diamond girdles are "polished", which is where the diamond cutter actually creates facets on the girdle.
Others, are left in their natural, or un-polished state, which appears grayish and matte in finish.
The best analogy I could give you, would be to describe the difference between polishing the edges of the lenses on your eye-glasses (rimless glasses for example..) or leaving them un-polished.
There is no effect on the beauty or shine of the diamond at all. A polished or un-polished girdle is purely subjective and personal.
Here is a 40X magnified picture of a polished girdle on a loose diamond.
As an added bonus, you can also clearly view one of the internal inclusions (blemishes) of the diamond at this level of magnification.
Israeli Diamond Billionaire Buys Historic New York Times Building
From Ryan Chittum of the Wall Street Journal today:
Lev Leviev made his first billion dollars in the diamond mines of Russia and war-torn Angola. Now he's trying to buy up the crown jewels of Manhattan real estate.
The old and majestic Times Building in New York
Diamond Billionaire and Philanthropist, Lev Leviev.
Africa Israel USA, a unit of Africa Israel Investments Ltd. of which Mr. Leviev is chairman, paid $525 million to scoop up the landmark building that has served as the headquarters for New York Times Co. for the past 94 years.
Tishman Speyer, the closely held New York real-estate giant, purchased the building from the newspaper company in 2004 for $175 million. Because of the red-hot Manhattan real-estate market, Tishman was able to sell the building for triple what it paid the Times for it only three years ago.
Mr. Leviev's purchase of the Times building follows a deal in March when Africa Israel, in partnership with Mann Realty Associates, paid $430 million to purchase the Apthorp, one of Manhattan's most exclusive rental apartment buildings, which it plans to convert into condominiums. The renaissance-revival structure, built in the early 1900s, has been home to many celebrities, including Al Pacino, Nora Ephron and Conan O'Brien. The transaction's price means that the 160 apartments in the Apthorp, where rents run as high as $25,000 a month, are valued at about $2.4 million each.
Continue reading "Israeli Diamond Billionaire Buys Historic New York Times Building" »
Glacier Blue Topaz. What Is It?
Colored gemstones are some of the most beautiful creations on this earth.
They are exceptionally desirable for their versatility in jewelry creations, as well as for their excellent price points.
Colored gemstones
Topaz is an incredibly beautiful gemstone that has traditionally been treated with a process to enhance and promote a deep blue hue.
Suppliers of a new kind of enhanced topaz are aiming to replace both irradiated and coated colors. Can topaz colored by surface-fusion become a new basic?
Introducing "Glacier Blue Topaz".
Gorgeous stone with a bit of controversy...
Glacier Blue, on the other hand, is a surface-colored variety. And the color layer isn’t even topaz. It’s a thin alchemized surface of cobalt spinel. Is a lab-colored topaz hybrid a good spokesman for natural color gems? This is where the subject of topaz gets very tricky—and even more controversial.
To read the entire article, click here.
The "Internal Watch". For Those Who Don't Need The Time
What in the world is an "Internal watch"???
Designed by Leon Ransmeier for Vlaemsch ( ), this cocooned watch is encapsulated in leather rendering it non-functional as a timepiece. The designer explains, "The hidden watch transcends typical associations of status by isolating the emerging form rather than acting as a flashy signifier."
The watch is supposed to contain a fake Rolex.
Heck, for the $275 price tag, I think it's way overpriced.....
Think about it...a fake Rolex...and YOU CANNOT EVEN TELL THE TIME!!
What will they think of next.....not sure if this guy is creative..or stupid!
Via: Watchismo
Gorgeous Jewelry That Looks......Edible!
Seldom do I come across jewelry that really makes me drool......
The few jewelry pieces I'm about to show you are not only gorgeous; they are completely edible......well, almost edible..;-) Take a look at this collection of diamond and gemstone earrings and rings!
Just delightful!
...and now for the kicker.......a beautiful freshly squeezed......diamond and gemstone ring from the masters at de Grisogono!
Juice, anyone??
Via: Spluch
Got $8 Million Dollars For An 800 Year Old Precious Pearl?
It has been passed down for 800 years, from Chinese emperors to Marco Polo. The name of its current owner is a secret. But Thursday, hundreds of people will get the chance to buy the world's largest natural pearl on the market.
Arco Valley Pearl
Maybe you too can get a shot at the action!
The "Arco Valley Pearl" - 3.1 inches in length - will be up for bidding at Abu Dhabi's Emirates Palace and on the Internet, where it is estimated to fetch up to $8 million.
The 575-carat pearl from 12th century Mongolia once belonged to Chinese emperors, Persian kings, the grandson of Genghis Khan and Marco Polo.
The value of the saltwater pearl is based on its size, color, weight, exclusivity, history and records of what people have been prepared to pay for similar precious items.
"It's 800 years old and it still takes your breath away," said Khaled al-Sayegh, 35, a jeweler from Abu Dhabi and chairman of the organizing committee for Thursday's event.
Arco Valley is only the biggest pearl up for sale in the world.
The 9.45-inch Pearl of Allah is the world's largest. It was found by a diver off the Philippine island of Palawan in 1934 and is stored in a museum in that country.
The Arco Valley pearl, named after a previous owner from Austria's Arco Valley family dynasty, is white with a touch of blue, mixed with pink and cream colors on its sides. It has been drilled three times: to fit among the jewels of an unknown woman's tiara, to go with a ceremonial mandarin suit and to fit a crown or turban decorated with precious stones belonging to a Persian king.
It has since been restored to its original shape.
Truly an incredible pearl with an awesome history!
Via: AOL
Ellis Receives GIA Award
Brook Ellis, the Gemological Institute of America's (GIA) vice president of education, has been given the 2007 Distance Education and Training Council's (DETC) Distinguished Service Award.
Brook Ellis (left) received the 2007 Distinguished Service Award from Mike Lambert, DETC executive director.
According to the DETC, the award is one of the highest and most coveted awards in distance education worldwide. It is given to individuals in the distance-education field for outstanding service that has enhanced the image of distance education or significantly furthered the work of the DETC.
Ellis has held his position with the GIA since 1996 and served on its board of governors from 1983-1995. He is a past director of the American Gem Society (AGS) and chairperson of the AGS's Examination Committee. In addition, he was formerly vice president of fine jewelry for Henry Birks and Son Ltd. in Canada.
"Brook Ellis is deeply respected and admired in the distance-education field, and GIA's global reputation for the highest academic quality in the distance-education community is legendary," DETC Executive Director Michael P. Lambert said in a statement. "Quality is not an accident. Ellis and the GIA team are thoughtful, accomplished leaders in our profession."
In awarding Ellis the plaque, Marie Sirney, chairman of the DETC Awards Committee and executive vice president of the American Graduate University, said, "The members of the DETC know Brook's position at GIA requires a great deal of responsibility and hours of international travel, yet he still devotes an enormous amount of his personal time to the DETC. It's a great pleasure to award this distinguished service award to Brook—his outstanding support for distance education has more than earned him the respect and admiration of his colleagues."
Engagement Ring Prices Getting Squeezed.
Our colleague Ken Gassman of Idexonline.com has just pointed out in an excellent article what many of us in the Industry have been painfully aware of for some time:
Prices of diamond engagement rings, loose diamonds, Gold and Platinum jewelry are being squeezed to the bone and profit margins for Vendors are shrinking.
Ken cites several reasons for this trend:
1. Rising prices on diamonds, Gold, and Platinum.
2. Increased competition by specialty Vendors, discount stores such as Walmart, luxury retailers, and of course, The Internet.
The full article is here: Read it.
Where have my Diamond Profits Gone? Long Time Passing!
Guys, The Words "I Do" will cost you Big Money!
Homer Brickey reporting today in the Toledo Blade says that the cost of weddings are going up, up, up!
A couple wanting to get married in Ohio can get a marriage license for $50. Talk about inflation! Until 1976, a license was $2.15.
Weddings today are expensive. The average cost nationally was $27,852 last year, about double that of 15 years ago, according to a 2006 study by the Conde Nast Bridal Group, publishers of several bridal magazines.
Caterers and other wedding suppliers in the Toledo area say they see a lot of weddings costing less than that national figure, but they say they see some quite a bit higher.
"The cost depends on the number of guests," said Jane Wilde, owner of the Wedding Maker, a West Toledo wedding-consulting firm. "Determine your top figure, determine the number of guests you want, and that's your cost per person."
Such a figure narrows choices for the type of reception, the venue, and lots of other factors.
Nearly half of the total cost is the reception, and that squares with a breakdown offered by one national expert: 50 percent for wedding and reception, the rest split equally among bride and groom attire, music, photography, flowers and decor, and invitations, limousine, and more.
In the Toledo area, prices of halls and caterers vary widely.
The Clarion Hotel Westgate will be the site of about 50 receptions this year, involving up to 420 guests each, said Kristin Watson, wedding coordinator. The price is $45.95 a person for a sit-down dinner or $48.95 for a buffet, including a four-hour open bar.
Fred Malczewski, one of the owners of Scott Park Banquet Room, said he will cater about 60 receptions this year. Those held at the banquet room will cost $325 for hall rental and typically $21 to $22 a person for food and bar. But many receptions will be at other halls, he said, and his rates for food alone range from $10 to $13 a person.
Holland Gardens and Angola Gardens, both on Angola Road in Holland, offer packages for about $40 a person, said Tye "Chef" Hightower, general manager. He said he will supervise about 80 receptions this year and figures the average wedding cost is $15,000 to $20,000. Priced separately, the hall is $475, catering is about $20 a head, and the bar is $11 or so a person.
At Bedford Hills Golf Club & Banquet Facility in Temperance, packages for up to 200 people typically range from $5,000 to $15,000, not including bar.
Of course, there's apparel to consider. A tuxedo with extras runs $100 to $150 at President Tuxedo Inc. at Westfield Franklin Park.
The bride's gown is generally much more expensive. David's Bridal, on Monroe Street, has $99 specials on occasion, but typical prices run $299 to $1,200, said a spokesman for the chain, a unit of Federated Department Stores Inc. Wedding planner Ms. Wilde said a designer gown from Detroit, Cleveland, or New York can be $7,000 to $12,000.
And there may be alterations. Brenda Lee, owner of Sew Faithful on Secor Road, said she often does alterations ranging from a few bucks to $400. One this week cost about $200 on a dress that originally cost $550.
But some brides have ordered original designs, involving special fabric, she said.
For photography, Paul Evans, owner of Paul Kenney Studio on Sylvania Avenue, said his typical wedding package runs $1,600 to $1,800, with some to $2,200.
Ken Kilman, owner of New Image Photography & Video on Tremainsville Road, said he typically charges $1,500 to $2,000 but will throw in a video package for an additional $995.
Often, cake is included in the catering deal, but just in case, there's the likes of Sweet Occasions on Heatherdowns Boulevard, where cakes cost about $2.50 a serving, said Stacey Gustafson, an owner. A cake for 225 guests could run about $600.
Invitations can cost $150 to $300, said Dolores Brink, owner of the Printing Press on Reynolds Road.
At M&M Printing in downtown Toledo, Mary Isaac, office manager, said she did one deluxe wedding order this week, $600 for 125 invitations. The usual price ranges starts at $150.
Flowers are another big item. Becky Pegorsch, owner of Lee Winters Florist in Maumee, said the typical cost is $800 to $1,000 but it can be up to $4,000.
For around $400, Advantage Limousine Service Inc. in Northwood offers a 10-passenger limo for three hours.
Incidentals add to the day's overall cost: hair, nails, makeup (maybe $100 to $300 and up); wedding rings (hundreds to thousands of dollars); rehearsal dinner, special decorations, a wedding Web site; and perhaps a wedding planner (at 8 to 10 percent of total wedding budget).
Oh, and one more thing. Insurance. Travelers Insurance recently announced it is offering protection against such calamities as weather disasters, no-shows by vendors, and unavoidable cancellations. Wedsafe.com said it will insure a $7,500 wedding for $185, up to a $50,000 wedding for $405.
Yup, getting married is big business and mucho money, Honey!
62 Year Old Wins Gemology Award!
Knowledge is a wonderful thing and something no one can take away from you.
Rapaport News reports that Gayle Webb, a gemologist working in the Geosciences Unit at the Australian Museum of Natural History in Sydney, has become the first woman in Australia to be awarded a research diploma in gemology by the Gemmological Association of Australia (GAA.)
The diploma is one of the highest accolades given by the GAA recognizing outstanding, original research in which the applicant must provide a thesis that forms a distinct and original contribution to gemology. Only five diplomas have been awarded since the GAA was founded in 1945.
Webb’s thesis is entitled Ruby Suites from New South Wales; their chemistry, color, and origin, was a comprehensive study of ruby suites from seven alluvial gem localities in New South Wales, Australia.
Rubies are the red variety of the aluminum oxide mineral, corundum. Particular localities in New South Wales produce a range of pink, red, and purple corundum in addition to the more common blue, yellow, and green sapphires.
The study was based upon trace element analyses of a range of pink to red corundum samples from each locality. The analyses were done on the PIXE (Particle Induced X-ray Emission) probe at the Australian Nuclear Science & Technology Organisation (ANSTO,) Lucas Heights.
The PIXE technique needs no sample preparation and is non-destructive. It works by directing an ion beam to the surface of the sample. The changed particles destabilize electrons in their path, causing them to give off x-rays. Energies of these x-rays are characteristic of an element, thereby enabling trace elements to be identified and also quantified.
Elements with atomic weights between those of aluminum and uranium can be analyzed by this method. “This technique was useful for my samples because the chromophores of corundum lie within this range,” explained Webb.
The analyses gave trace element concentrations for each individual grain, providing valuable insight into causes of color. The stones were further studied for their gemological properties and inclusions.
Webb's field work was primarily set in and around New South Wales where she collected and worked on gem concentrations.
GAA's chairman Bill Sechos said, "Webb's thesis is the first in-depth gemological study of Australian ruby occurrence and provides a welcome addition to information on Australian gemstones, especially the rare ruby of Australian origin."
So far, Webb has completed a fellowship with the GAA, earned diplomas for diamond technology and for research in gemology. She also holds a bachelor's degree and post-graduate diploma in museum studies.
Congratulations, Gayle!
Chastity Jewelry Becoming More Popular For Teens
The lure of chastity for teens has never been more popular, according to a recent survey.
More and more teens are choosing chastity and parents are honoring this commitment from their children with gifts of chastity jewelry.
Here is a great article I just read on the subject.
Mother's Day Is Huge For Jewelry Sales!
PR Newswire reports today that Mother's Day has become an economic bonanza for retailers, generating more than $11 billion in sales annually.
Much of these sales revolve around diamond and jewelry gifts and the numbers are only going up!
It is good to know that Mom is appreciated and the truth of the matter is that there really is no such thing as a "bad gift", only one that isn't given.
Yes. Mom Rocks! Show your appreciation and get her some diamond rocks!
Perfect Gift For Mom! A Diamond "Lego" Ring!
I found a great way to pay tribute to the joys of being a mother for the upcoming Mother's Day!
Here is a fantastic silver ring, set with a brilliant diamond that has an uncanny resemblance to a piece of toy Lego!
A woman who wears this ring is a walking advertisement for the joys of motherhood!
What a great gift to buy your Mom.
Whether she'll wear it or not, is an entirely different story.........;-)
To purchase this ring, click here.
Diamond Eternity Rings Make A Great Gift!
Diamond eternity bands and eternity rings make for an exceptional gift, due to their versatility, beauty, and value.
There are so many different types of diamond eternity rings and plenty of styles to suit every taste and budget.
You can go for a Tiffany style diamond eternity ring with channel or bead set diamonds.
You also have the option of going for the classic shared prong or 4 prong settings.
Women today are also mixing it up with regards to the diamonds as well. It used to be common for a woman to get a diamond eternity ring with either round, or princess cut diamonds.
Today, women are trying all kinds of new diamond shapes for their eternity rings and to a great effect.
It is not uncommon today for women to select asscher cut diamonds, or cushion cut diamonds for their eternity rings. Even emerald cut diamonds have become popular today in diamond eternity rings.
An additional benefit of buying a diamond eternity ring today, is that the customer is literally in full control over all variables.
The customer has the ability to work with a company who will allow them to individually select all of the diamonds by their own preference for diamond shape, cut quality, brilliancy, size, color, and clarity.
Then the customer selects the metal type, style and design to be employed in the creation of the actual eternity ring setting.
The options are endless......
Eternity diamond rings make for a beautiful, timeless and classic gift. This stunning piece of jewelry is the highlight of any diamond jewelry wardrobe and will be cherished forever.
Diamond Eternity Rings by Hoover & Strong
Diamond Eternity Rings by OGI
Diamond Eternity Rings by Abe Mor
Screen Legend To Launch Jewelry Line
New York—Star and style icon Lauren Bacall has partnered with Weinman Bros. to create a branded jewelry collection bearing her name.
The collection, "Bacall," will feature a variety of gems and price points, and will hit retail stores this fall.
Founded in 1912 by David and Sam Weinman, Weinman Bros. is a privately held manufacturing firm run by Robert Weinman, grandson of founder David. Prior to the launch of Bacall, the company focused on its Generations 1912 collection, which features antique-reproduction pieces based on the original molds and models used by the company's founders.
Bacall's film career began in 1944 when she played opposite Humphrey Bogart in To Have and to Have Not. The couple went on to co-star in three movies and to get married.
Bacall also made several Broadway appearances throughout her career, winning Tony Awards in 1970 and 1981.
In 1997, Bacall received the Kennedy Center Honors in recognition of her contributions to American culture.
Via: NJN
Valuable Diamonds Set To Go On Auction
GENEVA: A duo of diamonds that once belonged to a famous 19th century French social climber are expected to fetch up to two million dollars (1.5 million euros) each when they go under the hammer next week, auction house Sotheby’s said on Tuesday.
The two dazzling yellow stones, weighing 82.48 and 102.54 carats respectively, come from the family of German Count Guido Henckel von Donnersmarck. They were worn by his wife ‘La Paiva’, a celebrated courtesan who flashed them around in a pendant or bracelet, or in an “aigrette”, a type of crested headdress.
Each stone is valued at between 1.5 and two million dollars, Sotheby’s said. ‘La Paiva’ rose from humble beginnings as a weaver’s daughter in Moscow, and through a series of shrewd marriages and liaisons became a key figure in Parisian society. One biographer said of her: “She was far from beautiful: her hair was blue-black, her eyes were slightly protruding, her nose was Mongolian, while her mouth and chin suggested energy rather than gentleness.”
Nevertheless she captivated a variety of wealthy men, including the Portuguese Marquess de Paiva from whom she derived her title, before marrying von Donnersmarck in 1871. La Paiva built a lavish hotel on the Champs Elysees in 1855 and acquired an extensive collection of jewels.
Also going to bidders are diamond-encrusted tiaras from various branches of the British and German aristocracy, including one worn by Lady Hesketh (1929-2006) marking the Act of Union between Great Britain and Ireland in 1801. It features three diamonds cut as an English rose, Scottish thistle and Irish shamrock.
Via: The News
Brittany Murphy Gets Married...With Two Diamond Engagement Rings!!
Brittany Murphy, surprised everyone with her recent secret wedding to screenwriter Simon Monjack.
Obviously, the reason it was surprising to hear about her secret wedding is because Brittany is not supposed to get married!
This is the same gal who got engaged to Joe "whatshisface" Malcuso, a $35 an hour stage hand, last year. She was engaged for about a minute and a half (or was it 6 months..) and then broke up.
Brittany with her latest Ex...Joe Malcuso.
Before that, she was engaged (briefly) in 2004 to her manager; another no-name guy.
Before that, she was hooked up with rapper Eminem, and before that,.... well... probably with anyone in pants....
So, it's interesting to see her finally "settle down" with another no name person who apparently "writes" screenplays...whatever.
This no name guy, whose name is actually Simon Monjack (hmm.. Brittany Monjack) were married in their Los Angeles home several weeks ago in an intimate ceremony surrounded by their families.
Now here is the shocker....
According to jeweler Neil Lane, "the couple couldn't decide which ring they liked best, so they bought both. She got two big platinum and diamond cushion-cut whoppers – one big white and one big yellow."
I cannot help but wonder; who paid for these engagement rings??
Was it Brittany...or Simon, on his..err...."writers payroll"?
If it was Simon, my advice is don't throw out those receipts, you're gonna need them very soon for the return!!
Good Luck!
Add A Personal Inscription On Your Diamond!
Laser inscribing for loose diamonds has become an accepted practice for protecting your investment.
What is a laser inscription?
Laser inscription of a loose diamond is a process of using a precision laser beam to write a customized personal message or certificate number on the outside perimeter/girdle of a diamond. The precise heat of a laser beam transforms a very thin layer (just a few atoms thick) of the diamond from transparent carbon crystal (diamond) into opaque carbon (graphite). This gives the inscription a 3D appearance under a microscope. Laser inscription is considered permanent since it can only be removed by a professional diamond cutter.
The laser inscription is microscopic -- totally invisible to the naked eye. It can only be seen with a jewelers' 10x magnifying loupe. Laser inscription does not change the color grade or clarity grade of a diamond.
Typically, companies will laser inscribe a loose diamond with the stones grading certificated number. This is an effective way of protecting the stone from theft and switching, since it gives proper attribution to the diamond.
However, today, laser inscribing the girdle of a loose diamond has also become increasingly popular amongst consumers who like the idea of putting their own special message on the diamond.
The idea that a loose diamond can be laser inscribed with an anniversary date or a message of love, all without affecting the structural integrity of the diamond, is a very powerful motivation.
diamond laser inscription
Pretty powerful message
There are companies today who offer diamond laser inscription technology for consumers.
For a great article on the benefits and value of inscribing your diamond engagement ring, click here.
Chad Allison Jewelry Designs....Just Beautiful!
A really gifted jewelry designer that I'd like to recognize is Chad Allison Designs.
What is unique and refreshing about this jewelry designer and jewelry company, is their uncanny ability to weave intricate jewelry workmanship with a classic and timeless appeal.
Their gorgeous diamond jewelry designs are different, yet familiar.
Diamond Vues offers kudos to this special designer of fine diamond jewelry!
Some Of The Most Exquisite Diamond Jewelry You Have Ever Seen
Geometry, nature, and poetry are amongst the inspirations Lorenz Baumer draws from, when creating his one of a kind and highly acclaimed diamond jewelry.
The designer
The jewelry!
Same Sex Couples Can Now Have Their Own Jewelry Styles.
In celebration of love without boundaries, Fabrikant-Tara International has released a new collection of cutting-edge jewelry designed for same-sex couples.
Fabrikant-Tara says the trademarked "LVOE" collection is aimed at filling the niche for a unique range of bands and solitaires that symbolize commitment within same-sex unions, beyond the market's current jewelry options.
The collection, which includes 42 designs, focuses on three categories: solitaires, diamond bands and color bands, featuring trend-forward settings, diamonds or lab-created, color-changing alexandrites.
The manufacturer says the product works at all levels of retail, with designs tailored to attract customers who are male or female, young or old, trendy or classic.
A Web site, Lvoehasnoboundaries.com, in support of the collection is already in place.
Why Do Retail Jewelry Stores Hate / Fear The Internet?
Why is it that you ask a local jewelry store owner about buying diamonds on the net and he/she will often curse a blue streak and bash the heck out of the Internet?
What is it about buying diamonds and engagement rings Online in 2007, that has become such a threat to traditional "brick and mortar" jewelers across the country?
Why do the traditional jewelry store owners fear the net so much and what is it specifically that bothers them?
Why are the savvy jewelry store owners learning to embrace the Internet and looking to build out a website for their company in cyberspace?
There is one answer to all of these questions and it has everything to do with two variables: Quality and Price.
Let us first examine the facts:
Online jewelry sales since 2005 is up 3.5% in contrast to all other retail categories which are up 2.3%.
Online diamond and jewelry sales have been surging and were up about 3.5 percent of total fine jewelry sales in the U.S. in 2005. Since that time, the number has steadily gone up. Clearly, online jewelry merchants have captured substantial market share and are stealing business from the local jewelry stores.
The obvious question is why?
Internet retailers operate with much lower gross margins than store-based jewelers. This allows them to sell diamonds and jewelry at much lower prices than the retail stores. In fact, retail stores will often charge several thousand dollars more for similar quality merchandise being sold on the net.
Diamonds sold on the Internet are much less expensive than in the stores.
Furthermore, online jewelers have very high inventory turns as a result of their ability to operate of much lower profit margins. Because of the favorable terms online retailers have negotiated with their suppliers, they have negative working capital needs.
Online jewelry retailers have slashed prices and sales have soared as a result. They are willing and able to make fewer percentage points on every individual sale and to make up for it in volume.
They also cannot afford to charge the same kind of hugely inflated premiums you find in the typical jewelry stores.
Competition on the Internet is fierce and everyone is just "one click away" from the consumer.
Consumers who shop on the Internet are also by definition, extremely savvy and knowledgeable.
They demand accurate and scientific proof and information on every diamond or engagement ring they are contemplating.
Just to have a nice sales person behind the counter say the diamond is "the best thing since sliced bread" (with a smile...;-) will simply not do.
Jewelry stores who operate off a completely different business model of limited diamond information and maximum markups, simply cannot compete.
Statistics show that they are losing significant sales and market share to the Internet.
Indeed, a customer who completes a satisfactory purchase on the internet for any product is highly unlikely to ever buy locally again. The lure of maximum value, quality of merchandise and lowest prices, all without having to leave the comfort of your home or work is certainly formidable.
Those store based diamond and jewelry retailers who have seen the writing on the wall and witnessed the Internet revolution, have sought to embrace and accept the "age of the net" by creating their own web stores where they can compete for some of this market share.
Unfortunately, many of these traditional "bricks and mortar" jewelers remain in denial; completely bitter and upset.
Once you taste the joys of huge profits and have made a literal "killing" on the sale of every loose diamond, it is extremely difficult to accept the idea of embracing the net where diamonds are sold at razor thin profit margins.
It is for this reason (just as an example) that the incredibly expensive Hearts on Fire Diamonds Brand is the flagship diamond of choice for every store based jeweler (astronomical profits on every stone), but could never survive if it were marketed on the Internet.
It is also why those store based jewelers of the old school:
a. Hate the Internet
b. Fear the Internet
c. Mock the internet
d. Lose sales everyday to the Internet.
e. Have nightmares about the Internet.
Blue Nile Engagement Rings Crossing The Atlantic.
The London Financial Times reports today that Blue Nile, the online seller of diamonds and jewelery, is to become one of the first “pure play” US retailers to cross the Atlantic, in a move that reflects the growing interest of such companies in international expansion.
The potential of international sales for US retailers has been demonstrated by Amazon, the world’s largest retailing website. Amazon’s sites in the UK, Japan, Germany, China and France accounted for 46 per cent of the company’s $3bn sales in its first quarter, and rose faster than North American sales.
Scott Silverman, executive director of Shop.org, an association whose membership is made up of US e-commerce retailers, said he had seen evidence of growing interest in international markets as his members became more confident.
“Companies such as Blue Nile that have been around for six or seven years are pretty big. They are seeing some signs that 50 per cent per year growth cannot continue, so international expansions seem to be an increasingly attractive option for them,” he said.
At the same time, UK underwear retailer Figleaves.com and the Italian fashion site Yoox have established US offshoots.
Jim Okamura, partner at JC Williams retail consultancy, noted that online-led international expansion is being explored by US chains that have started to reach the limits of market growth at home.
“It’s not for everyone, but we’ve definitely seen a growing interest in international expansion strategies that use an e-commerce platform as an initial entry point,” he said, citing efforts by JC Penney and Victoria’s Secret to develop online sales in Canada.
Blue Nile says its operation will be in Ireland and involve “only a handful of employees”, with site technology handled from the US. So far, it has sold goods worth about $3.3m to UK customers using a trial site with products priced in dollars.
A report out on Monday says US online sales excluding travel rose an estimated 29 per cent in the past year to $146.5 billion.
Real Diamond Flip Flops For The Beach!!
Pushing the envelope even further........how about diamonds across your flip-flops? Moszkito makes flip-flops with real diamonds!
The Snake Charmer flip-flop features 24 round, full-cut, high quality diamonds (6 carats total) on a black leather shoe. The Moszkito Arch Sandals offer more support than a traditional flip-flop and comes in a variety of price ranges, styles and colors.
Via: Luxist
Custom Jewelry To Drool Over!
In keeping with our tradition here at Diamond Vues, of spreading love, traffic, and kudos to designers of fine jewelry who are at the top of their game, it is my pleasure to introduce you all to Jewelry Designs by Novell!
This company, creates gorgeous jewelry with a distinctive flair for the dramatic!
Engagement rings and wedding bands are available in gold, platinum, and palladium.
Briolette clusters in gold!
Jacob The Jeweler Goes On Trial
Jacob Arabo, know in the trade as Jacob The Jeweler and the guy behind the rags to riches "blinged out watches" company, is set to go on trial in Detroit later this year.
Jacob with "P. Diddy"
Blinged out watch by Jacob & Co.
Arabo is accused of laundering nearly $270 million in drug profits since the early 1990's.
Of course he pleaded not guilty...and the celebs are still lining up to purchase these watches; not that the Hollywood celebrities are beacons of light for morality and ethics....but that is a whole other story... ;-)
The schedule of a Detroit venue, comes after a strong petition by Arabo's attorneys to keep the trial in Manhattan, N.Y.C., a request which the judge denied.
Tycoon Cut Diamond: "A Diamond Within A Diamond"
One of the most interesting diamond brands to come along in recent past, is the diamond brand known as the "Tycoon Cut" diamond.
This fancy cut diamond is billed as "the only diamond with a diamond on top".
The tycoon cut diamond has a very interesting facet structure. With 9 crown facets and a signature diamond shaped table (this is the largest facet on the top of the stone); the diamond reminds me of a cross between an emerald and princess cut diamond.
The light performance on this diamond is so-so...nothing exceptional...
however, the interesting facet structure makes it unique to look at.
Luxury Watches At Discounted Prices
A very reasonable luxury watch company for those who are working on a limited budget, is Saint Honore.
Their designs are kept current and up to date. They also feature some excellent complications.
I don't personally own a watch from this company, but I have seen quite a few of them, including at the jewelry show and they are very nice.
Price points are excellent too.
Rudy Giuliani Answers Questions About His Jewelry
Down in Huntsville, Alabama, last week, Rudy Giuliani was forced to answer questions about the gaudy World Series rings he's been wearing on the presidential campaign trail. "I paid precisely what anyone else would pay," he insisted, adding that he didn't get any of them until after he left office.
He was responding to a Voice story ("The Yankees' Clean-up Man," May 9–15) that charged him with taking the rings while in office and failing to disclose them as gifts—both of which are violations of law that could still be prosecuted. He branded the Voice's revelations "a joke," though it was his contention that he paid full value for them—$2,500 for the 1996 ring in 2004 and $4,500 apiece for 1998, 1999, and 2000 rings in 2003—that had much of the sports-memorabilia world laughing.
Click here to read the full story.
Diamond Encrusted Skull Will Be Most Expensive Work Of Art
British artist and sculptor, Damien Hirst is no stranger to extreme forms of artistic expression. Compared with the epic works that have made his name - the shark in formaldehyde, the bisected cow - Damien Hirst's work in progress is a small, delicate object: a life-size human skull.
This skull will be cast in platinum and encased entirely in diamonds - some 8,500 in all.
It will be the most expensive work of art ever created, costing between £8m and £10m.
Unveiling his latest work exclusively to The Observer, Hirst said: 'We have been buying diamonds slowly and have worked out that it will take about eight and half thousand to completely cover the surface of the skull.'
The Skull Beneath the Skin
Silkscreen with diamond dust on Somerset satin 410gsm
100 x 66.7cm, 2005
Edition of 155 by Damien Hirst
The skull above is a previous effort by Damien Hirst. The new diamond skull will by far eclipse this work in terms of effort, cost, and value.
Hirst, who was in London for meetings with his partners in this venture , Bond Street jewellers Bentley & Skinner, added: 'The biggest expense will be the 50-carat beauty that will sit on the forehead. That one alone will cost in the region of £3m to £5m. It is certainly the biggest single undertaking by a jeweller since the Crown jewels'.
Hirst, 40, who was recently ranked as the most powerful individual in the contemporary art world by Art Review magazine, and is reported to be worth £100m.
Here is Hirst in his own words:
"This will be a lot less stressful than putting a bloody great shark in a tank of formaldehyde'".
I just want to celebrate life by saying to hell with death. What better way of saying that than by taking the ultimate symbol of death and covering it in the ultimate symbol of luxury, desire and decadence? The only part of the original skull that will remain will be the teeth. You need that grotesque element for it to work as a piece of art. God is in the details and all that.'
I've always adhered to the principle that the simplest ideas are the best, and this will be the ultimate two fingers up to death. I want people to see it and be astounded. I want them to gasp.
If it's vulgar, I'll put it on a chain and hang it round my neck - or I'll stick it on the mantelpiece."
The diamond-encrusted skull, entitled 'For the Love of God', is projected to fetch up to £50m.
Ferrari Goes Platinum and Diamonds!
Maranello, Italy—Luxury jewelry brand Damiani will serve as a sponsor of a relay honoring the 60th anniversary of Ferrari.
The relay began in Abu Dhabi, United Arab Emirates, on Jan. 28, and will circle the world, passing through every continent and country. More than 10,000 Ferarri owners and their cars will participate in the relay before it concludes in Maranello on June 24.
Damiani worked with Ferrari to create the relay baton, which features the Ferrari logo, a prancing horse, in platinum and diamonds.
This baton, created by Damiani for a relay honoring Ferrari's 60th anniversary, features a platinum and diamond prancing horse.
The cars involved in the relay will feature the Damiani logo. Other sponsors of the event include Alcoa, Post-It, Puma, Shell and System 3.
The tour will stop in the United States in Miami from March 10-11; in San Francisco on March 22; in Los Angeles on March 24; and in New York and Washington, D.C., on March 31.
Damiani is a third-generation Italian brand founded in 1924 in Valenza, Italy, by master jeweler Enrico Grasso Damiani.
Jara Design: Realy Cute Jewelry!
I stumbled across some really funky/artsy jewelry by a company called Jara Design
Via: Design Milk
BBQ Grill Covered In Gold!
For those of you "grill geeks" who spend all summer long out in the back with a pair of tongs in your hands, while standing over a smoking BBQ grill, check this puppy out!!
This grill is being touted as the world’s first fully operational gold-plated barbecue. All parts of the US$12,500 grill except for the cooking surfaces have been individually plated and dipped in 24 carat gold. Beef Eater tricked out one of its range-topping Signature Series 6 Burner SL4000 to create a uniquely lavish gold plated barbecue, “for those who want to make a statement with their barbecue and have the money to burn.”
According to BeefEater Managing Director, Peter Woodland, “it’s for the man who has everything and wants more.” The one of a kind barbecue features six high output burners plus a wok burner, roasting hood with viewing window and warming rack, quartz ignition, vaporizer grid and reflector system.
This is quite literally the most direct way of "burning your money" that I have ever seen!
Via: Gizmag
Gorgeous Oval Diamond Ring Design!
A recent customer of ours had us create this 3d (CAD) rendering of his proposed oval diamond engagement ring design. I think it is incredibly beautiful, as it meshes flowing lines and curves in a tension ring setting look, without the problems associated with real tension settings.
I think this schematic is brilliant and a great way to promote the beauty of a well cut oval diamond.
We are currently working on creating the real thing!!
Feel free to share your thoughts.
Are Women Really Hesitant To Buy Jewelry Online?
JCK recently conducted a survey of womens purchasing habits online.
Here is what they came up with:
A total of 96% of American women who have shopped online in the past 12 months have purchased at least one product over the Web, according to a poll. Most online shoppers (57%) do both their product research and shopping online while a sizeable proportion do their research online and then go to a store to buy (31%).
"But, despite the fact that women seem to be so comfortable with online shopping, ShopSmart's poll results show that there are still a lot of 'gotchas' out there," said Lisa Lee Freeman, editor-in-chief of ShopSmart, a new magazine by the Consumer Reports National Research Center, which conducted the survey.
Among the findings of the The ShopSmart Online Shopping Poll:
* Seventeen percent of women surveyed say they would never consider buying food on the Web followed by clothing (14%), shoes (8%), and jewelry (7%).
The article the goes on to make some additional observations regarding womens shopping habits online.
I have a bit of a problem with this survey.
For one thing, the survey was conducted amongst women who have already tasted the experience of shopping online.
While a percentage of these women polled certainly expressed a reluctance to purchase certain items on the Internet, while being entirely comfortable with the idea of purchasing other products Online; the reality is that one cannot extrapolate from here that women in general are "reluctant to buy jewelry online".
This logic is IMO incredibly flawed since the survey did not address the incredible surge in stats for Online jewelry shopping (both men and women) in general.
Certainly, people who have already shopped Online may be more comfortable buying certain products and hesitant (initially) to buy others.
However, the reality is that the amount of consumers who have turned to the Internet (both men and women) to purchase diamonds and jewelry is growing by leaps and bounds with no signs of slowing down.
In fact, here is a recent survey regarding women who shop online that indicates and supports exactly what I am saying. Namely; the fact that women are a growing force in the world of online shopping.
Light Blogging During Holiday, JCK Show & Memorial Day Weeekend
Next week is gonna be a light blogging week for us.
Here is why:
1. The Jewish Holiday Of Shavuot begins at sundown on Tuesday night and ends on Thursday evening. Our offices and factory will be closed during this time.
2. The annual JCK show is coming up.
3. We will be closed on from Friday through Monday for Memorial Day weekend.
We are gonna try to blog as much as possible during this hectic schedule, but it is definitely going to be slower than our usual 3-4 daily postings.
I wish you all a great weekend!
Berkshire Hathaway Buys Out Jewelry Manufacturer
I think Warren Buffet is addicted to jewelry!
Berkshire Hathaway Inc. acquired two gold jewelry manufacturers Ber-Oro International and Aurafin LLC to become the largest jewelry supplier in the United States.
The two new organizations will be combined to form the Richline Group which will continue to market the existing jewelry brands under their respective old names. This will save costs by maintaining a single operational and administrative division, Berkshire Hathaway declared May 18, 2007.
The company, which is chaired by billionaire Warren Buffet, own Ben Bridge Jeweler, Borsheims Fine Jewelry, and Helzberg Diamonds.
“The opportunity to partner with [Bel-Oro president] Dennis Ulrich, and his entire team, was one I couldn’t pass up,” Buffet, chairman and chief executive officer of Berkshire Hathaway, said. "They have done a remarkable job in building Bel-Oro from a standing start to the leader in its industry. And the best is yet to come.”
Treat Yourself To A Pure Gold Facial!
It sounds too good to be true...right?
Well if you have 30,000 per session, you are more than welcome to indulge yourself with this company's patented new facial in 24 carat gold!!
This is one waste of money you will actually feel all over your face....
I'm not really sure what kind of twisted or perverse logic or motivation there would be for even the wealthiest person to make use of this treatment...but hey...I've seen crazier things before.....maybe?
Via: Japundit
Stunning Watch From Tissot
This absolutely gorgeous watch from Tissot caught my attention:
The Sculpture wristwatch made of 18-carat rose gold is equipped with hand-winding mechanical movement. The timepiece also utilizes silver dial, silver Arabic indexes, small seconds sub dial at 6 o’clock, 42-hour power reserve with indicator between 9 and 11 o’clock and sapphire crystal. I liked it’s brown leather strap, it’s looking very nice.
The timepiece is water-resistant to 30 meters.
Via: Wrist Style
Ivanka Trump To Sell Diamonds
Apparently Ivanka Trump thinks she has what it takes to sell diamonds....
NEW YORK — "Don't get mad, get everything!" might have been her mother's mantra, but Ivanka Trump wants women to feel comfortable buying their diamonds — and she intends to show the jewelry industry just how it's done.
In an exclusive interview with WWD on Tuesday, the 25-year-old real estate executive and daughter of Donald and Ivana Trump revealed plans to launch a diamond jewelry line that she will sell in her own boutiques.
Trump has formed a partnership with Dynamic Diamond Corp., a Diamond Trading Co. siteholder, to create a complete line of diamond jewelry under her name. The venture, which was first reported by WWD in December, is not a license but rather a partnership between Trump and Moshe Lax, principal of Dynamic Diamond, who became friendly through the real estate world. Three Ivanka Trump boutiques are planned to open this year. The first, a 1,100-square-foot unit, will open on Madison Avenue in September, followed by one in Las Vegas. She declined to give the exact addresses or the third location.
Read the full story here.