GemFind Newsletter 5-19-2015

May 19, 2015
Posted in 2015, May

GemFind Newsletter 5-19-2015

May 19, 2015 Alex
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This Is How Much Earth Is Excavated To Mine Beach-Ball Sized Amount Of Diamonds
Yahoo News      May 12

This startling image shows the vast expanse of earth which has to be excavated to mine a diamond the size of a beach ball. South African photographer Dillon Marsh’s photo series ‘For What It’s Worth’ looks at the effect of precious gem mining on the land in South Africa.

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Seven arrested over Hatton Garden heist
Michael Northcott  Jewellery Focus    May 19

Detectives from the Flying Squad investigating the burglary at Hatton Garden have this morning, Tuesday 19 May, arrested seven men for conspiracy to burgle and recovered a large amount of property. At approximately 10:30hrs more than 200 officers raided 12 addresses in north London and Kent and arrested the suspects.

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WFDB Calls for Further Debate on Issue of Overgrading

David Brummer  IDEX    May 18

World Federation of Diamond Bourses (WFDB) president Ernie Blom has expressed his support for the industry-wide debate on the current problem of overgrading and said it will be one of the topics on the agenda of the upcoming President’s Meeting.

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Welcome advice              

To help stores prepare in their last few days before they head out, National Jeweler asked a few retailers and industry professionals to share what they do beforehand to make sure market week is successful, as well as what they are sure not to forget at home. Read More

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Are These the Most Collectible Jewels on the Planet?
  Emily Selter    Town&Country    May 18

The Bulgari Serpenti wristwatch was created in the 1940s, and remains one of the most iconic jewelry designs of the 20th century. We collected some of some of the best examples of the Serpenti watch- from some of the elusive vintage styles that are part of the company’s heritage collection

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Industry on high alert for undisclosed treated diamonds

Stephanie Chan   Jeweller Magazine  May 19

The diamond industry has taken swift action in an attempt to address suspicions that hundreds of undisclosed treated stones have hit the global market. “GIA believes that the treatment is a process that temporarily masks the inherent colour of the diamond and can lead to a higher grade,” the laboratory alert read, adding that the treatment could potentially improve the colour by up to three grades.

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Chopard and de Grisogono Rock the Red Carpet at Cannes Film Festival

Anthony Demarco         Jewelry News Network    May 14

Switzerland is known for its world renowned watch industry but there are a few companies that produce world class luxury jewelry as well. Two brands, Chopard and de Grisogono, sparkled during Tuesday’s opening night Red Carpet ceremony at the Cannes Film Festival.
The two brands best examples of its high jewelry pieces on the red carpet include:

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‘Sunrise Ruby’ lights up the auction world

Hannah Connorton   National Jeweler  May 14

A ring set with a 25.59-carat Burmese ruby set three world auction records Tuesday when it sold for $30.3 million to an anonymous buyer at Sotheby’s Geneva. Called the “Sunrise Ruby,” the untreated pigeon’s blood red-colored stone not only set a new world auction record for price paid for a ruby, but new records for price paid per carat for a ruby and price paid for a jewel by Cartier.

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From 3D modeling to 3D printing
      Design World   May 18

The fashion world has long been fascinated by the possibilities of 3D printing technology, and now jewelry designers have the 3D technology to finally bring their ideas to life.

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WHAT DATA CAN DO FOR YOU

Good Data is the Heart of a Successful Online Marketing Strategy

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The Industry and the Millennials: What Do They Want?
  Rob Bates        JCK   May 18

Recently, I talked with the heads of Gemvara, the Boston-based custom-design site, CEO Matt Nichols and president Jon Blotner. While they run a jewelry e-tailer, they don’t dispute that younger consumers have issues with the business.

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