GemFind Newsletter 6-14-2016

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Gemveto Jewelry Joins GemFind’s Social Product Network JewelCloud®

JewelCloud is part of an innovative lineup of tools including Diamond LinkRing BuilderStud BuilderPendant Builder and Retail Locator. >>>>

 
 
JewelCloud®
Future of The
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#TonysSoBright: A Look at the Awards’ Top Jewelry Looks 
Ashley Davis        National Jeweler    June 14  
Broadway’s brightest donned plenty of jewels at the annual Tony Awards, which were held Sunday in New York City. The night’s big winner, Hamilton actress Renée Elise Goldsberry, rocked independent designer Larkspur & Hawk on the red carpet.
 
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Standard Chartered Exits Diamond Business 
Diamonds.net        June 13 

World Standard Chartered has terminated lending to the midstream diamond and jewelry industry as it curbed its exposure to businesses that fail to meet its “new risk profile.” “When we announced our new strategy, we said that we would look to exit businesses that were non-performing

 
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MJSA Announces 2016 Vision Awards Design Competition Winners
David Brummer      IDEX     Jue 14 

The Manufacturing Jewelers and Suppliers of America (MJSA), the US trade association dedicated to professional excellence in jewelry making and design has announced the recent winners of its Vision Awards Design competition.

 
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Be Real, Maintain Price, Don’t Be A Clone: Viva Las Vegas         Edhan Golan              edahngolan.com           June 10

While clearly better than last year’s show, the recent JCK Las Vegas trade show proved that the fine jewelry industry is still far from being out of the cold. Diamond booths were surprisingly busy, and it seems that generally the industry is making strides to combat some of its main issues: generic marketing and lab-grown goods.   

JewelCloud Member Profile

 With a twenty-year record of excellence, the I. Reiss Collection is known throughout the United States as one of today’s leading designers of fine jewelry. >>>

Tacori, Artcarved, Hearts on Fire, Parade, KIM International, Le Vian, Gem Platinum

Call today to join 1-800-373-4373

‘Good for a crown’ largest rough diamond found in 100 years to go on sale 
 
 Latika Burke          Sydney Morning Herald           June 14 
    

The largest uncut diamond to be discovered in a century and aged 2 to 3 billion years old is expected to fetch nearly $100 million when it is put up for auction at Sotheby’s next week. The “Lesedi La Rona” meaning “our light” in Tswana, the language of Botswana where the stone was mined last year, weighs 1109 carats and is the size of a small ball.

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Christie’s Sells The Cullinan Dream for $25.4M, Verdura Buys Back 1935 Cuff Bracelet 

MICHELLE TAY      Blouin ARTINFO June 10  

Diamonds are still a girl’s best friend, going by the results of Christie’s “Magnificent Jewels and the Cullinan Dream” sale, held in New York on June 9. Nine of the top 10 lots were diamonds, both white and colored. 
 
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THE GEMSTONES YOU’LL SOON SEE EVERYWHERE
Tanya Dukes         indesign.jewelry    June 10  
A mania for fabrics in certain colors can seem to arrive all of a sudden. One season every department store and tiny boutique might be flooded with leopard coats, and the next fuchsia dresses are all the rage (or maybe cerulean sweaters—as famously noted in The Devil Wears Prada). 
 
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Fraudsters jailed for £7m jewellery store Monopoly money scam

Professional Jeweller      June 14

Five men who used Monopoly money to trick jewellers in a scam worth £7million have been sentenced. The fake notes from the popular board game was hidden between real bank notes, or the word “Monopoly” was covered by paper bands used to hold bundles of cash together.
 
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Business Pulse: Are You Selling Online?
   Michelle Graff   National Jeweler    June 13

Jewelers of America’s latest Business Pulse poll found that many jewelers still aren’t selling jewelry on their websites, though some seem to be warming up to the idea. 

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Are You Killing Diamond Sales With The 4Cs…Unknowingly?  Part Two
  Antoinette Matlins         RapNet Blog       June 14    
Last week we discussed how important diamond grading reports have become in terms of diamond sales, and how customers today often come in with a specific set of criteria, dictating to you – the salesperson – “exactly what they want.” Today, we will begin a discussion of how to take control   
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