March 2019

5 Jewelry News Stories You Might Have Missed

Last week’s headlines included a 13-carat pink diamond sold at tender, price cuts at Baselworld and Nirav Modi’s arrest in London.New York—Need to catch up on last week’s jewelry news? Here are five s... read more..

Tiffany Q4 Sales Dragged Down by Weak Holiday Season

Global sales dipped 1 percent in the fourth quarter, a disappointing ending to an otherwise strong year.New York—Tiffany & Co.’s worldwide sales dipped by 1 percent in the fourth quarter, weighed ... read more..

Nirav Modi Nabbed, Held on Bail in London

The billionaire fugitive was reportedly arrested in a bank while trying to open an account.London—Nirav Modi has been arrested in London and is being held on bail, numerous news outlets reported earli... read more..

Construction of a 21-Acre ‘Jewelry Park’ in Mumbai Is Underway

The industrial park will feature manufacturing and training facilities as well as residential housing for workers in the gem and jewelry industry.Mumbai—The foundation stone has been laid for a 21-acr... read more..

Ninth IAC Gold Conference Returns to NYC Next Month

“Gold: Legacy, Leadership, Luminescence” is slated for April 4 and 5 at the Bohemian National Hall in Manhattan.New York—Initiatives in Art and Culture’s ninth annual conference around the topic of go... read more..

Piece of the Week: Graff’s Baselworld Watch

The diamond brand is debuting this timepiece, featuring more than 25 carats of fancy vivid yellow diamonds, at the watch and jewelry trade show happening now.All eyes turn to Switzerland as Baselworld... read more..

The Con Artist Who Claimed Ties to the ‘King of Diamonds’

A young man stands accused of seducing women by posing as the son of billionaire diamantaire Lev Leviev.New York—Simon Leviev, the son of billionaire Lev Leviev, known as the “King of Diamonds,” appea... read more..

Baselworld Planning More Price Cuts in 2020

It’s one of a number of changes new management has made to resuscitate the watch and jewelry trade show.Basel—Baselworld lowered prices for some exhibitors this year and plans to retool its entire pri... read more..

The American Society of Appraisers Names Johnnie White CEO

White is also an adjunct professor at Georgetown University, teaching operations and event management to graduate students.Reston, Va.—The American Society of Appraisers has named Johnnie White as its... read more..

Swatch Group Confirms That It Won’t Return to Baselworld

A company spokesperson also backed CEO Nick Hayek’s recent statement regarding watch parts for LVMH and Richemont.Biel/Bienne, Switzerland—Swatch Group will not be returning to Baselworld any time soo... read more..

Foundrae, Chimamanda Ngozi Adichie Created This Medallion

The 18-karat gold piece celebrates the author who wrote “Americanah” and the freedom of writers worldwide, with proceeds going to Pen America.New York—In her jewelry store that doubles as a lending li... read more..

Marco Bicego Is Launching Floral Jewels for Spring

It’s a new direction for the Italian brand.New York—Florals? For spring? Groundbreaking. But, actually, for Marco Bicego, they are.The Italian jewelry brand has launched Petali, a departure from its s... read more..

See Graff’s Diamond-Set ‘Endangered Species’ Watches

The tourbillon watches depict the elephant, tiger, panda, gorilla and rhino.New York—When Baselworld starts Thursday, Graff will unveil what it describes as one of the most ambitious projects ever und... read more..

Squirrel Spotting: The Logical Case for Emotion in Selling

Peter Smith says if you are hiring salespeople based on experience and product knowledge alone, then you are doing it wrong.One of the great complexities in sales is how we handle both hiring salespeo... read more..

Alrosa Won’t Reopen Mir Until At Least 2030

The diamond mine has been closed since August 2017, when an accident claimed the lives of eight workers.Moscow—Alrosa’s Mir diamond mine won’t reopen until at least 2030, if at all.On Monday, the Mosc... read more..

Edge Retail Academy Launches ‘Retirement Readiness’ Program

ERA President David Brown estimates 37 percent of jewelers have no succession plan in place.Omaha, Nebraska—The Edge Retail Academy has developed a program for jewelers who see retirement on the horiz... read more..

Larkspur & Hawk Unveils First Diamond Collection

The brand is applying its signature foiled technique, popular in Georgian jewelry, to rose-cut diamonds.New York—Larkspur & Hawk’s jewelry just got a little more precious. Designer Emily Satloff ... read more..

Gem Legacy’s 2019 Goal: Updating a Tanzanian Cutting School

The nonprofit’s latest campaign aims to raise $50,000 to replace all the outdated faceting machines at the Arusha Gem Cutting School.Royal Oaks, Mich.—After a successful year-end fundraising campaign ... read more..

13-Carat Pink Rough Sells for Nearly $9 Million

It set a price-per-carat record for a diamond recovered from the Letšeng mine in Lesotho.London—Gem Diamonds has announced the sale of a special diamond.Last month, the miner said it had recovered a 1... read more..

SJTA Treasurer Jeff Unger Dies at 57

The industry remembers the Atlanta jeweler for his “contagious smile” and “quick wit.”Atlanta—Jeff Unger, co-owner of B&N Jewelry and co-founder of the Prime Jewelry Group, died Feb. 7 due to rena... read more..

Pioneering Gemologist Alan Jobbins Dies

He was a founding organizer of the ICA and past president of both the Society of Jewellery Historians and the Gemmological Association of Great Britain.London—Pioneering British gemologist E. Alan Job... read more..

5 Jewelry News Stories You Might Have Missed

Engagement ring trends, another executive reshuffle at Signet, a Midwest independent goes Chapter 7, and more.New York—Out of the loop last week on jewelry news? Catch up with these five stories. 1. 5... read more..

Scheherazade Jewelers Files for Bankruptcy

The store moved to a different location in Edina, Minnesota’s upscale Galleria mall in June, impacting foot traffic, its attorney said.Edina, Minnesota— After more than 40 years, Edina, Minnesota’s Sc... read more..

Bonhams Sees White-Glove Sale of Lapidary Masterpieces

The top lot was this musical gemstone carousel, which went for well above its pre-sale estimate when it sold for $262,575.Los Angeles—Interest in philanthropist and businessman Gerard Cafesjian’s pers... read more..

Thai Lab AIGS Releases App to Verify Gemstone Reports

The program features a QR code scanner that confirms if a report is genuine.Bangkok—The Asian Institute of Gemological Sciences (AIGS) has launched an app to verify its gemstone reports. The Bangkok-b... read more..

Piece of the Week: Omi’s Sugarloaf Emerald Ring

Its lush green hue is perfect for a certain holiday coming up this weekend.Not that you need a reason to sport an emerald, but there’s a holiday coming up this weekend for which the gemstone couldn’t ... read more..

Coach’s Corner: 3 Tips for Improving Customer Retention

It costs a lot less to keep the customers you have than to get new ones, Pat Henneberry writes. Would you like to improve your company’s profits this year? What a question; of course you would! It mig... read more..

12 Conclave Events That Can’t Be Missed

AGS Conclave will start in Seattle in a few weeks. Here are some can’t-miss events to check out.Seattle—American Gem Society Conclave is headed to Seattle this year. Scheduled for April 8-10, the annu... read more..

Designers From 18 Countries to Showcase at MAD

The Museum of Arts and Design’s annual contemporary jewelry sale and exhibition is happening in April.New York—The Museum of Arts and Design’s 19th annual “Loot: MAD About Jewelry” sale and exhibition... read more..

Chippenhook Names New VP of Business Development

Luxury business veteran Kirk Aronson has worked for Versace and Louis Vuitton.Lewisville, Texas—Vassi Design Group has hired Kirk Aronson as the vice president of business development for luxury packa... read more..
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