GemFind Weekly Industry News Jan. 3rd, 2017

January 03, 2017
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It is no secret that social media is now a part of all of our lives; even for those of us who don’t really understand what all the fuss is about. Business has to keep up with the times or risk being left behind in a cloud of irrelevance. Read More

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Thieves steal $6M worth of jewels in Midtown heist on New Year’s Eve
New York Daily News         Jan. 02
Three jewel thieves ended 2016 with a $6 million score, raiding safes at a Midtown jewelry wholesaler just after the ball dropped on New Year’s Eve. Authorities believe the heist was an inside job, police sources said, 
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London’s Diamond/Jewelry Trade Under Threat From Rising Costs, Brexit Issues
IDEX                 Jan. 02
London’s world famous Hatton Garden jewelry area could become a thing of the past as a result of soaring business rates, rent rises and the consequences of the UK’s Brexit vote. 
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Diamond Crushes It in YouTube Test
Diamonds. net               Jan. 02 
A GIA-graded natural diamond survived an attempt by video stunt men to crush it with a hydraulic press. Makers of YouTube channel ‘Hydraulic Press VS’ show a GIA-certified round brilliant, 0.25-carat, F-color, SI1-clarity diamond being placed under a crusher. 
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Rapaport: Polished Diamond Prices Fell in 2016 Under Impact of India Cash Crisis          The Diamond Loupe         Jan. 03

According to a Rapaport press release: Polished diamond prices softened in December as Indian liquidity dried up due to the government’s demonetization policy eliminating 500 and 1,000 rupee notes. Trading slowed with dealers taking vacation during the holiday period,

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INDUSTRY LEADERS OPTIMISTIC ABOUT TRUMP’S EFFECTS ON THE DIAMOND INDUSTRY IN 2017
 The Israeli Diamond Industry                 Jan. 01

As the Obama era draws to a close and a newly elected president is about to take office, some diamond industry leaders seem optimistic about their expectations for jewelry and diamond trading in the coming year. 
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Blue And Pink Diamonds Topped Auction Sales For 2016

 Jewelry News Netwok       Dec. 28

As in the past few years statement blue and pink diamonds garnered the most attention and highest bids at Chrisite’s and Sotheby’s in 2016..
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Tiffany touts transparency of diamond acquisition in documentary
Luxury Daily            Dec. 29
Jeweler Tiffany & Co. is enlightening consumers on how its diamonds make their way into its blue boxes by charting the stones’ path from the time they are unearthed.
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Five Fabulous Dior Watches for Women that Celebrate the New Year in Style
 Haute Time              Dec. 29
Watch brands garner their inspiration from all walks of life, but for women’s watches, one of them most important influences comes from the of haute couture and fashion. 
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Why You Should Like Likes on Facebook

GemFind Blog       

  Jan.03  
 
It is no secret that social media is now a part of all of our lives; even for those of us who don’t really understand what all the fuss is about. Business has to keep up with the times or risk being left behind in a cloud of irrelevance. So, it goes for a Facebook marketing strategy.
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4 Digital Marketing Trends to Watch for in 2017
 National Jeweler                       Jan. 03  
It might seem nearly impossible at times with how fast the online world moves, but it is our job as (good) jewelers to stay ahead of marketing trends. 
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21 of Jewelry Retailers’ Biggest Fears and How to Forget Them for Good
ELIZABETH KELLAR    instoremag.com        
In business, it’s best to face your fears head-on. We tackle 21 of jewelry retailers’ biggest fears and tell you how to forget them for good.
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