GemFind Newsletter 7-19-2016

July 19, 2016

GemFind Newsletter 7-19-2016

July 19, 2016 GemFind Marketing
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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. 
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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 

 
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$715K â€ŽWire Transfer from GJEPC Goes Missing
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
 
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How Graff Cut the 299-Carat Rough Fancy Intense Yellow Diamond into the 132-Carat Golden Empress Diamond
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 
 
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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,.

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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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