GemFind Weekly Newsletter August 15th 2017

Costco Must Pay $19 Million to the Real Tiffany | De Beers Not Participating in GIA Program | US Engagement-Ring Spending Flat $3.4K | ALROSA to Stick With 2017 Output Target Despite Mir Accident | Gh

GemFind Updated on Aug 16, 2017

Should You Use Twitter for Your Jewelry Store?

The reason you should consider Twitter for your jewelry store is that it can maximize returns while minimizing social media effort. Twitter is a popular platform that allows you to reach your target market by posting regularly about your offerings. Short tweets can go a long way if you provide your followers with an endless stream of posts that invite them to explore your website. Here’s a deeper look at how you can benefit using Twitter for your jewelry store.

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US Engagement-Ring Spending Flat at $3.4K

Diamonds.net August 14

The amount US couples spent on wedding and engagement rings went largely unchanged in the second quarter, according to data The Wedding Report released Sunday. The average outlay on engagement rings slipped 0.2% to $3,399 in the second quarter, .

ALROSA To Stick With 2017 Output Target Despite Mir Accident

IDEX August 14

ALROSA's output in 2017 will remain unchanged despite the accident at its Mir underground mine in eastern Siberia where eight miners are still trapped underground 10 days after water flooded an underground mine from an open-pit mine above it.

GHANA’S GOLD AND DIAMOND MINING TO DROP “AT LEAST 50%”

The Diamond Loupe August 03

In 2016, Ghana’s gold production totaled 4.1 million ounces – the highest level in nearly 40 years. These number made Ghana the Africa’s second largest producer of gold. Ghana’s diamond production totaled 143, 005 carats in 2016.

Costco made $3.7 million selling ‘Tiffany’ rings. Now it must pay $19 million to the real Tiffany The Washington Post August 14

Costco must pay the storied jewelry company Tiffany & Co. more than $19 million for selling about 2,500 diamond rings falsely identified on store signs as “Tiffany” rings, a federal judge ruled Monday.

De Beers Not Participating in GIA Program

JCK

August 15

Yesterday, De Beers’ senior vice president of sightholder sales, Bernard Bradley, sent his company’s clients the following note: Several [sightholders] have contacted us recently by requesting permission to confirm to supply chain partners that specific goods originate from a primary De Beers source.

3-Carat Fancy Blue Diamond To Be Featured At Heritage Auctions Jewelry Sale

Jewelry News Network August 15

A 3.23-carat natural fancy blue diamond is one of the top attractions of Heritage Auctions Beverly Hills Fine Jewelry sale on September 25. The gem with an SI2 clarity grade is set on a platinum ring flanked by two round white diamonds and has a pre-sale estimate of $900,000 to $1.2 million.

National Jeweler August 15

Being a part of the AGTA Spectrum competition is the stuff a gem hound’s dreams are made of. This year, my participation started with having the privilege of judging, along with four other amazing women, the entries for WJA’s Gem Diva awards. We had to narrow down the 150-plus entries to four winners.

Hermès Launches New Heure H

Haute Living August 15

The Hermès Heure H is one of those watches that became an icon. Just as the famous belt of the brand, the Heure H uses the first letter of Hermès in a very clever way, not only encasing the dial but also serving as the lugs for the strap.Straps have always played an important part with any Hermès watch.

Can you work out how to tell the time on these watches?

The Jewellery Editor

August 14

Not all watches are destined to be plain, utilitarian time tellers. For some contemporary watchmakers, there is an important story to be told, and the fact that the canvas they have to work on is tiny only makes the challenge more exciting.

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Millennial Women and Luxury, What do They Really Want?

GlobeNewswire

August 15

Despite living in a world of fast-fashion and unlimited choices, millennial women crave the opposite. This sentiment is apparent in the “buy less, buy better” mentality prevalent today and validated in a new study by “Real is a Diamond,” commissioned to understand the relationship between women and luxury goods.