25-carat pink diamond sets new auction record

We publish courtesy of National Jeweler

 

This 24.78-carat fancy intense pink diamond ring garnered a world-record auction price of $46.16 million at Sotheby's on Tuesday.

Laurence Graff again raised the auction stakes for natural color diamonds on Tuesday evening when he paid a world record price of $46.16 million for a 24.78-carat fancy intense pink diamond at Sotheby’s.

The legendary diamantaire, who immediately dubbed the diamond “The Graff Pink,” called the emerald-cut stunner the “most fabulous” diamond he has seen in the history of his career.

“I’m delighted to have bought it,” Graff said.

The diamond’s $40-million-plus price sets a new world record for any jewel sold at auction, shattering the previous record of $24.3 million held by Graff’s 2008 purchase of the blue Wittelsbach diamond at Christie’s.

Four bidders competed for the stone Tuesday at Sotheby’s “Magnificent Jewels” sale in Geneva. Sotheby’s Chairman in Asia Patti Wong, bidding on behalf of Graff, finally emerged as the winning bidder.

David Bennett, chairman of Sotheby’s International Jewellery Department for Europe and the Middle East, echoed Graff’s sentiments about the stone.

“Tonight’s spectacular result demonstrates that truly extraordinary objects will bring truly extraordinary prices,” he said. “This outstanding pink diamond combined exceptional color and purity with classic emerald cut and fully deserves the exceptional price [it attained]. It was simply one of the most desirable diamonds I have seen during my 35-year career at Sotheby’s.”

The diamond, mounted as a ring, is classified as a Type IIa diamond, diamonds that comprise less than 2 percent of all the world’s gem diamonds. It came to the market from a private collection and had not been seen on the open market since being purchased from Harry Winston some 60 years ago. The pre-sale estimate on the stone was $27 million to $38 million.

In total, the Magnificent Jewels sale garnered $105 million with a sell-through rate of 82 percent by lot and 94 percent by value.

Other lots sold included a fancy intense pink diamond ring purchased by an anonymous buyer for $2.81 million and a 20.16-carat diamond ring from Graff, which a member of the international trade snatched up for $2.76 million.

 

 

Graff’s rare blue diamond now on display in NYC

We publish courtesy of National Jeweler

Author: Michelle Graff

New York—The 31.06-carat fancy deep blue Wittelsbach-Graff Diamond, property of London diamantaire Laurence Graff, will linger in the United States for a bit longer.

On Thursday morning, the diamond went on display at the American Museum of Natural History (AMNH) in New York City. It has its own private viewing room in the museum’s Harry Frank Guggenheim Hall of Minerals, complete with material detailing some of the storied stone’s history. It will remain at the museum through Jan. 2.

“If, as they say, diamonds are a girl’s best friend, this would be her very, very best friend,” AMNH President Ellen Futter said at a Thursday morning event at the museum marking the unveiling of the stone.

Wittelsbach

Prior to this exhibition and the diamond’s recent display at the Smithsonian Institute in Washington, D.C., the Wittelsbach-Graff (above) had only been on public display once between 1931 and 2008, when Graff purchased the astounding blue stone at Christie’s London for a record $24.3 million.

Now the million-dollar question—or, in the case of this rare gem, the $24 million question—becomes: Where will the Wittelsbach-Graff go next?

Graff President and Chief Executive Officer Henri Barguirdjian, who was present at the unveiling Thursday morning, said that after the exhibition closes at the AMNH, the plan is to ship the diamond back to London. Beyond that, nothing has been determined regarding the future of this centuries-old stone.

“Mr. Graff hasn’t decided yet what the next step is,” Barguirdjian said. “A lot of people are interested (in acquiring the diamond) but it’s whether or not we decide to sell it. It’s a very special, historical stone.”

The origins of the Wittelsbach-Graff Diamond can be traced back to the mines of India in the 1600s. Its first known owner was Philip IV, King of Spain, who gifted it to his favorite daughter, Infanta Margarita Téresa, when she became engaged to Austria’s Leopold I. The young princess is perhaps best known for her depiction in the Diego Veláquez painting, “Las Meninas,” or “The Maids of Honour.”

Following her death at the age of 21, her jewels became the property of her husband Leopold, thereafter passing through subsequent marriages and eventually ending up in Bavaria’s ruling House of Wittelsbach in the 18th century. It was here that the diamond earned its original moniker.

After World War I, the members of the ruling House of Wittelsbach lost ownership of the diamond. It eventually resurfaced in 2008, when Graff bought it at Christie’s and affixed his name to the diamond. He re-polished the stone to remove chips and nicks, bringing it to its current carat weight of 31.06 and making it of flawless clarity.

At Thursday’s unveiling, George Harlow, curator of the exhibit and the museum’s Department of Earth and Planetary Sciences, noted that the Wittelsbach-Graff is a Type IIb diamond, meaning there is no measurable nitrogen in the stone but boron is present. Nitrogen is the element that can give diamonds a yellowish cast while boron makes them blue.

He said there are very few known blue diamonds in the world of comparable size and color saturation. Others include the 45.52-carat Hope Diamond and the 30.62-carat Blue Heart.

The Wittelsbach-Graff and the Hope, also a Type IIb diamond, were simultaneously on display at the Smithsonian for a short time. While it is was once thought that the two stones could have come from the same piece of rough, scientists at the Smithsonian were able to dispel that theory.


Love & Diamonds

We publish courtesy of: National Jeweler

Author: Michelle Graff

The American consumer who shows up at your jewelry counter will look a little different this holiday season.

With values changed by the recession—and perhaps permanently so, as some experts predict—shoppers will be more focused on family and experiences, so those diamond drop earrings or that tennis bracelet they may buy will create a memorable moment and express love—not serve as a prop to flash in front of friends and neighbors.

Yet, regardless of the emotion behind the purchase, in this economy, the price of a piece of jewelry will surely play some part in the buying process for the vast majority of consumers. But jewelers need not let price dominate the discussion.

The five companies whose sales and marketing techniques are described below have done an outstanding job of subtly reminding their customers that they buy jewelry for one reason alone: It is the ultimate expression of love.

 

 

1. Pay it forward

Bridal couple

Photo Above: Joe and Angela Rotella of Three Bridges, N.J., were the winners of the first “Roman Jewelers Wedding” contest. The couple outdid other finalists with a fundraising plan that yielded more than $33,000 for Special Olympics New Jersey. Photo: Transposure.com

Roman Jewelers, based in New Jersey, was celebrating its 30th year in business by reaching out to both local charities and bridal consumers when it came up with a concept that one marketing expert describes as sheer “genius.”

“The Roman Jewelers Wedding,” now in its second year, is a contest that has 10 couples battling it out for one grand prize: a $100,000 wedding, which is fully paid for by Roman Jewelers and a host of other local wedding vendors that the jeweler recruited to be part of the contest.

The Roman Jewelers bridal competition is not quite like others that the jewelry industry has, of late, tested out. Couples do not go on a scavenger hunt through New Jersey neighborhoods in search of a diamond ring, nor do they coast to victory by having the best “How We Met” story. In order to win, a couple must put their heads together and develop a plan that will help out a local charitable organization.

“We are all about love and romance, and our way to bring the couple’s love and romance together is to give them an opportunity to do something good for charity,” says Sophie Shor, who co-owns Roman Jewelers with husband Roman.

The contest requires already-engaged couples to audition by telling a panel of judges how they met or how the groom-to-be popped the question. No American Idol-like banter takes place at these try-outs, and it is the judges who end up in tears.

“I had a box of tissues with me, and I think I used it all up,” Shor says of this year’s audition.

Based on both the couples’ stories and their ability and willingness to help a charity, the panel selects 10 pairs to vie for the grand prize.

Next, each couple pulls the name of a charity out of a hat, learns about its mission and is charged with creating a “Good Deed Plan,” to raise funds.

Six weeks later, another panel of judges picks the winning couple, based upon the creativity and success of their plan, Shor says. Last year’s winners raised more than $33,000 for Special Olympics New Jersey.

One added bonus of the contest: Thanks to word-of-mouth marketing among the contest’s participants and their friends, there has been a noticeable uptick in the number of young men visiting Roman Jewelers’ Flemington and Bridgewater, N.J., locations to shop for engagement rings and wedding bands.

To many in New Jersey, Roman Jewelers has become synonymous with one very romantic word: wedding.

“Things like ‘come,’ ‘buy,’ ‘price,’ I don’t think that works any longer,” Shor says. “I think you need to find a subtle way of getting people to come into your store.”

Expert’s take: Donna Jolly, founder of Interact Social Media in Los Angeles, says emotional branding is about building a trusted relationship, making customers regard their jeweler in the same way they would their family doctor.

“I can’t help think about how this is going to make these couples think about Roman Jewelers, how they’re building a relationship [with these couples],” she says. “They’re doing some very subtle relationship-building. It’s very genius.”

Jolly advises jewelers crafting their own unique events to take advantage of all the free publicity they can get. Contact the local newspaper, television and radio stations to see if they’ll pick up the story. And don’t forget social media: Put the contest details and photos on Facebook and provide updates on the store’s Twitter account.

“If there’s a contest going on like this, this is real news,” Jolly says.

 

 

2. Calling all Romeos

Love Story

Photo Above: When it revamped its Love-Story Diamonds program in 2000, buying group Leading Jewelers Guild decided to include a mini-book of love stories with the purchase of each diamond engagement ring.

The Leading Jewelers Guild’s (LJG) trademarked, branded Love-Story Diamonds have been around since 1958, but the mission of the collection of engagement rings and other diamond pieces remains the same.

“We try to take the conversation away from the Four Cs and talk about why the guy is in the store,” says LJG Executive Director James “Jimmy” West.

The Love-Story line is comprised of five collections, each of which is connected in both design and spirit to one of five iconic couples who are the stuff of romantic legends: Romeo and Juliet, the Duke of Picardy and Claire de Lune, Orpheus and Eurydice, Tristan and Isolde, and Antony and Cleopatra.

Love-Story engagement ring purchasers receive a tiny book containing condensed versions of all five love stories along with a leather-bound book housing a certificate of authenticity for the stone and a note from the hopeful groom to his beloved.

West says customers can either personalize an already-drafted note or pen their own. “It forms the basis of creating a customer for life,” West says. “Obviously the people on the store level have to do their part … but we’ve given them all the tools to do it.”

One retailer who has enthusiastically embraced those tools is Julie Sather-Browne of Sather’s Leading Jewelers in Fort Collins, Colo., the No. 1 retailer in Love-Story units sold per store.

“The whole concept is brilliant,” she says. “We focus on the fact that love has been a driving force since Romeo and Juliet, since all these great love stories.”

The collection’s tagline also speaks volumes to customers, serving as a simple, eight-word reminder of why they’re buying an engagement ring: “For the one great love of your life.”

“That says it all,” Sather-Browne says. “What would you do? Don’t you want it to be romantic? [Or] do you want to open the box from FedEx and say, ‘Here, marry me?’ You don’t.”

She says her success with Love-Story and other bridal brands begins with her staff, who are trained to insist that diamonds should not be treated as a commodity and who, therefore, do not flinch when customers whip out Internet printouts of diamonds.

Instead, they listen to customers’ style and pricing preferences and walk them through the brands best suited to their needs, whether that means Hearts on Fire, Tacori or one of the five collections of Love-Story diamonds.

The stance at Sather’s: If customers really liked what they saw on the Internet, they wouldn’t be at the counter.

“We don’t really allow the conversation to go there,” Sather-Browne says. “If people felt that what they found on the Internet was so great, they wouldn’t be standing in front of you. They want a relationship.”

Expert’s take: “There’s such a history and romance with diamonds,” Jolly says. “This is a very clever idea that they came up with. It gives the salesperson an opportunity to have a conversation with [the customer]. They get to have a little more interaction than just talking cold, hard facts.”

The downside to this program: Love-Story Diamonds are only available to LJG members, so it’s not something every retailer can embrace.

Jolly, however, says that any time a retailer can connect their brand to a theme that elicits emotion, it will strike a chord with consumers. She recommends that retailers peruse advertisements from diamond suppliers in industry trade publications and consumer magazines and look for spots that appeal to their own romantic sensibilities and provoke a response. Search for themes that are universally understood, such as passion and enduring love.

“If it appeals to you, it may well appeal to your customers, too,” Jolly says.

 

 

3. Taking a slogan digital

Helzberg logo

Photo Above: Helzberg Diamonds’ “I Am Loved” buttons have been a staple at the store since 1967. Today, the retailer has brought the slogan and the buttons into the 21st century by using the phrase on Twitter.

Anyone who has entered a Helzberg Diamonds store over the last four decades probably walked out with at least one item and didn’t pay a thing for it. Talk about turning the conversation away from price.

Since 1967, Helzberg has been known for handing out its iconic “I Am Loved” pins in store, a trend started by third-generation company President Barnett Helzberg Jr. As Helzberg lore goes, he hatched the tagline after his then-girlfriend thrilled him by saying “yes” when he popped the question, causing him to have an emotional epiphany: he was loved. It was a perfect message to introduce at a jewelry store.

Forty years later, “I Am Loved” is no longer limited to being an in-store novelty. The slogan has found its way onto one very hip medium: Twitter.

Todd Chandler, Helzberg’s divisional vice president of learning and performance, says when the chain was looking for a fun way to engage customers online, the team saw no need to stray from this longtime catchphrase. The store’s Twitter page picture is an “I Am Loved” button, which encourages people to type “#iamloved” in Tweets about how they are loved.

Twitter hash tags are similar to other Web tags in that they help to add tweets to a category, gathering them all into the same place. By clicking on any “#iamloved” Helzberg can see other hash-tagged tweets that have used the phrase, whether they’re referencing Helzberg or something else.

Chandler says if the tweet is appropriate, Helzberg will re-tweet it, sometimes adding a personal message for that user. It’s hard to say if the practice has earned the retailer more customers, but with social media, it’s not all about making sales.

“We just think it’s a fun and engaging thing to do and we know any noise you make out there can be helpful,” he says.

Expert’s take: “It not only builds emotional equity but it’s proprietary,” Bill Daddi, president of Daddi Brand Communications, says of the campaign. “It’s unique to Helzberg.”

Another strong aspect of the effort is the integrity and sincerity of the story behind “I Am Loved,” which Helzberg is certain to share with customers. “There’s something very genuine about the back-story, which they’ve made an effort to communicate,” he says.

So every retailer with a long-standing, successful tagline should take it to Twitter, right? Not so fast, Daddi says.

“Sure, jewelers should take a look at that, if that works for them in their market and with their customers,” he says.

Daddi, however, cautions against applying money and resources in a blanket manner to a campaign just because it worked for another company. If a retailer starts a Twitter campaign only to find its ability to follow through is lacking, it could damage the store brand.

“Before you undertake something like this, you really have to have a good analysis of what your resources are,” he says.

 

 

4. Open Hearts do not miss a beat

Open Hearts

Photo Above: The story behind Sterling Jewelers’ “Open Hearts by Jane Seymour” collection was so compelling that is spawned a story-sharing Web site, KeepAnOpenHeart.com, and an Open Hearts Facebook page for Seymour. This Open Hearts pendant featuring 1 carat total weight of diamonds retails for $1,449.

It would be difficult to get into a discussion about equating jewelry with love without mentioning what one expert cites as the industry’s most emotional endeavors of all time: Sterling Jewelers’ “Open Hearts by Jane Seymour” collection, available at Kay Jewelers stores nationwide.

Sterling spokesman David Bouffard says the collection got its start in the fall of 2007 when Chief Executive Officer Mark Light ran into actress and artist Jane Seymour at an event and noticed she was wearing a necklace with a very unique design. Seymour explained that the open-heart motif was inspired by a piece of now-famous advice her mother used to give: Always keep your heart open, because that’s the only way to give and receive love.

Light was immediately sold.

“That was the beginning of the Open Hearts message: If your heart is open, love will always find its way in,” Bouffard says. “There were these underpinnings to the message that we thought would resonate with consumers.”

The Sterling team’s instincts were right. The Open Hearts collection debuted at Kay in holiday 2008 and has been on a well-documented roll ever since.

“We believe it’s been the most successful program not just for the company but perhaps the industry in terms of customer response to that message,” Bouffard says.

Expert’s take: “It’s probably the best example of [equating jewelry with love] that I’ve ever seen,” says Gemological Institute of America (GIA) Senior Industry Analyst Russell Shor. “It is brilliant.”

One reason: Seymour is very relatable in the widely broadcast television commercials for Open Hearts, which debuted alongside the collection in late 2008, he says.

“She comes off as very natural and sincere and reaches you,” Shor says. “Every time that commercial came on, I liked watching it. Those inspirational stories, there’s a huge market for them.”

Independents looking to inspire their customers are unlikely to snag a celebrity like Seymour to lend their artistic talents and name to a line of jewelry. What they can do, though, is figure out how to touch customers in their market, Shor says.

“It costs money to get a Jane Seymour but you can get people just talking about their lives,” he says. “Jane Seymour talks about her life and mentions Open Hearts but she’s not saying ‘Go to the store and buy this.’ If [retailers] have an imagination, they can try to put these things on a local level.”

 

 

5. Unforgettable

Do you remember your first school dance, your first date or your first kiss? Hot Diamonds hopes so. This fall, the London-based diamond jewelry brand aims to jog customers’ memories—and hopefully pry open their pocketbooks—via its new marketing campaign, “Do You Remember the First Time?”

The edgy advertising venture launched worldwide, offering Hot Diamonds-carrying retailers co-op advertising materials and a brilliant way to suggest additional occasions for giving a piece of diamond jewelry from Hot Diamonds, such as first dates, kisses and the first time someone said, “I love you.”

Hot Diamonds’ Peter Bur Andersen, who created the campaign via his Copenhagen, Denmark-based marketing agency, Bur Retail Intelligence, says all the images used in the campaign are designed to elicit emotions as people recall past experiences.

To wit: one ad shows an attractive young man securing a sterling silver bracelet around the wrist of his equally attractive girlfriend in a bucolic setting. Viewers get the sense that they are getting an intimate peek as a “first” takes place between this lovely young couple—presumably, the first exchange of a gift of jewelry–and it propels their minds back in time.

“All the first times we have in our life, we should celebrate them,” Andersen says. “You want to create emotion around it.”

Expert’s take: Daddi says the Hot Diamonds campaign motivates consumers to focus on the emotional value of their purchase as well as the emotional significance jewelry can play in one’s life.

“That’s a good thing. We want the consumer to reflect upon their lives,” he says.

The challenge to jewelers is to figure out how to participate in the campaign beyond just hanging up co-op signage in their store. They need to “make it come alive, make it tangible,” Daddi says.

 

Elements one through four of this story first appeared in the September 2010 print issue of National Jeweler. The fifth element, “Unforgettable,” is an online-only addition to the story.


Swiss, Bahrain gem labs sign pearl Memorandum of Understanding (MOU)

We publish courtesy of The National Jeweler

Basel, Switzerland — Two gemstone testing laboratories in Switzerland and Bahrain have signed a memorandum of understanding (MOU) to formalize their ongoing collaboration in pearl research.

Signed last month in Bahrain, a major hub for the natural pearl trade, by Michael Krzemnicki, director of the Swiss Gemmological Institute (SSEF), and Ali Safar, director of the Directorate of Precious Metals Gemstone Testing of the Ministry of Commerce in Bahrain (GPTLB), the MOU makes official a collaborative effort between the SSEF and the GPTLB that began some years ago, the labs said in a media release.

Both internationally renowned labs reputed for their expertise in pearl research, identification and certification, the SSEF and GPTLB believe that the natural pearl trade is being challenged by increasing amounts of beadless saltwater cultured pearls, or keshi cultured pearls as they are more commonly known. The labs say it is crucial for laboratories to collaborate internationally in pearl research to maintain consumer confidence in the product.

“It is the purpose of this MOU to establish mutual co-operation in research and training on pearls and to harmonize the testing of pearls, especially concerning the development of criteria for distinguishing natural pearls from cultured pearls,” Krzemnicki said. “We are confident that this collaboration is in the interest of the international natural pearl trade and both parties are looking forward to a successful partnership.”

Duchess of Windsor jewels embark on world tour

We publish courtesy of The National Jeweler

London—Pieces from a renowned collection of jewelry once owned by Wallis Simpson, the infamous Duchess of Windsor, will hit the auction block at Sotheby’s in late November. But first, the jewels are embarking on an international tour.

Included among the touring items are a number of Cartier creations, a jeweled Van Cleef & Arpels purse and a series of silver items and medals that were once property of Edward VIII. The pieces are currently on display in London and will move on to Hong Kong, Moscow, New York and Geneva before a Nov. 30 auction, where they are expected to fetch around $4.7 million.

The Sotheby’s auction will mark the first time the Duchess of Windsor jewels have returned to market in 23 years, back when the auction house sold the items as part of an auction that fetched $50 million.

The collection is renowned both for its exquisite jewels from the great European jewelry houses, as well as for the story that they tell of a romance that led Edward VIII, who became king in 1936, to abdicate the throne of Great Britain.

An American socialite, Simpson was once divorced and married a second time when she began a relationship with Edward VIII, then Prince of Wales. Months into his reign as king, Edward caused a national scandal, declaring that he would give up the throne to marry the now twice-divorced Simpson.

The pair became the Duke and Duchess of Windsor, and the jewelry they commissioned over the years illustrates key events in their historic relationship. Included among the auction pieces are a Cartier onyx and diamond panther bracelet designed in 1952; a flamingo brooch featuring rubies, sapphires, emeralds, citrines and diamonds, bought in 1940; and a number of inscribed designs.

A heart-shaped emerald, ruby and diamond brooch by Cartier features the initials “W.E.,” for “Wallis and Edward,” and commemorates the pair’s 20th wedding anniversary. Another Cartier diamond bracelet is studded with nine gem-set Latin crosses, each representing special moments in Simpson’s life from 1934 to 1944.

Today, the Duchess of Windsor jewels remain the most valuable single-owner jewelry collection ever sold, Sotheby’s said in a media release.

AGTA puts source list online

We publish courtesy of The National Jeweler

Dallas–The American Gem Trade Association (AGTA) announced the launch of a new Internet-based source directory designed to make it easier and more convenient for AGTA members to find products and services.

The new AGTA Online Source Directory resource will replace the existing Electronic Source Directory that has been in use for several years.  It can be found at SourceDirectory.AGTA.org.

“This new Online Source Directory is more dynamic, updated more often and provides thorough contact and product information right at your fingertips,” AGTA Chief Executive Officer Douglas Hucker said in a release.  “This is a great tool for buyers who prefer to work with suppliers they can trust, AGTA members.”

The directory includes contact information for colored gemstone dealers, cultured pearl suppliers, designers, manufacturers, estate jewelry dealers, tool  and equipment suppliers, appraisers, lapidaries and many other industry-related service providers.  All companies listed in the directory are members of AGTA, which means they are dedicated to upholding AGTA’s strict code of ethical business practices.

AGYA suggests that those who currently have the AGTA Electronic Source Director installed on their computers uninstall the program as it will no longer be updated with current member information.

Opals to take center stage at Bonhams auction

We publish courtesy of The National Jeweler

San Francisco — A November sale to be hosted by auction house Bonhams & Butterfields will mark one of the first public auctions in the United States devoted to opals, the gemstone known for its sometimes fiery, sometimes milky hues.

On Nov. 10 in San Francisco, the “Nature of Opals” sale will feature a diverse group of distinctive jewelry, loose stones, mineral specimens, lapidary works of art, decorative objects, décor and fossils, all made from the luminous gem.

The highlight of the sale, however, isn’t a pricey piece of jewelry, but rather a hat, one of the world’s most valuable to be offered at public auction, Bonhams & Butterfields said. Dubbed the “Deep Blue Sea,” the hat is crafted from hand-blocked Australian felt, embellished with feathers and bejeweled with 26 opals weighing approximately 1,447 carats and mined at Australia’s famed Lighting Ridge. A collaboration between Australian master milliner Ann Maree Willett and opal miners Vicki and Peter Drackett, the hat was also worked on by acclaimed opal carvers Daniela L’Abbate and Christine Roussel and features sterling silver and 18-karat gold settings by master goldsmith Gerd Gerold Schulz. It is estimated at between $150,000 and $200,000.

Additional highlights of the auction include an 18-karat gold presentation box set with a 224.24-carat oval cabochon of white opal by famed lapidary artist Manfred Wild of Idar-Oberstein, Germany (estimated between $100,000 and $150,000); a 34.80-carat Boulder opal and briolette diamond necklace (estimated between $90,000 and $110,000); and a tangerine-red Mexican fire opal and diamond necklace mounted in 18-karat yellow gold (estimated between $20,000 and $30,000).

Carvings of note include a figure of a bear constructed from white Australian opals and set into a diamond-studded brooch mount (estimated between $13,000 and $15,000) and an Andamooka opal carving of Buddha (estimated between $2,500 and $3,500).

Prior to the Nov. 10 auction, Bonhams & Butterfields will host highlight previews in Los Angeles Oct. 1-3 and New York Oct. 16-18, followed by a full preview in San Francisco from Nov. 6-9.

Blue Nile gets into the ‘application’ game

We publish courtesy of  The National Jeweler

Seattle—Online diamond retailer Blue Nile is the latest retailer to introduce an application, or “app,” that allows consumers to browse and buy diamonds from a mobile device.

According to the Seattle-based retailer, the Blue Nile app lets customers search for diamonds based on certain specifications, view available diamonds, connect to consultants and buy a diamond on Apple’s iPad, iPhone and iPod Touch. The app is available in Apple’s App Store.

In addition, the app allows consumers to view Blue Nile’s selection of custom engagement rings and educational materials on diamonds.

Blue Nile Chief Executive Officer Diane Irvine said the app would be a “game-changer” in the way consumers shop for diamonds.

“We’ve listened to our customers and feel we’ve developed a diamond shopping experience for iPad, iPhone and iPod touch that combines the best education with the best selection of diamonds,” she said.

Diamond search allows consumers to access a selection of more than 70,000 stones in real time and enables them to search according to the Four C’s: cut, color, clarity and carat weight. It also allows them to view grading reports from the Gemological Institute of America or the American Gem Society laboratory.

A “Dream Box” function lets users look at the custom rings created by Blue Nile’s craftsman. Consumers simply shake their device and the Dream Box randomly will select a photo of a custom-made ring. If the consumer finds a ring they like, it can be saved, e-mailed and even shared on social networking site Facebook.

Finally, the education section makes Blue Nile’s in-depth diamond education buying guides available to consumers on their mobile devices so they can select a diamond that meets their criteria and budget.

GIA officially opens Hong Kong lab

Senior Vice President of GIA Laboratory and Research Tom Moses, far right, gave attendees a tour of Gemological Institute of America's new Hong Kong lab during its formal opening ceremony on Sept 15. Image courtesy of GIA Hong Kong.

Hong Kong–The Gemological Institute of America (GIA) formally opened its Hong Kong laboratory with a ribbon-cutting ceremony that was attended by more than 125 industry leaders last week. It is GIA’s fifth international location.

GIA President and Chief Executive Officer Donna Baker remarked at the opening that GIA’s presence in the vibrant Hong Kong market is essential, noting that the GIA has operated a diamond and gemstone take-in facility in Hong Kong for four years and a Hong Kong school for nearly 20 years.

“Hong Kong is home to a thriving and sophisticated gem and jewelry industry,” Baker said, according to a news release. “Hundreds of students have successfully completed their Graduate Gemologist education programs with us and have created fulfilling careers in retail, manufacturing and design, among others. We believe our lab will make it even more convenient for those professionals to access our services and promulgate the international gemological standards GIA has established in its nearly 80-year history.”

Officiating at the opening were Lawrence Ma, founding chairman of the Diamond Federation of Hong Kong; Gregory So, undersecretary of Commerce and Economic Development for the Hong Kong Special Administrative Region; New World Group Chairman Cheng Yu Tung; Ephraim Zion, managing director of Dehres Ltd. and a member of the GIA board; Senior Vice President of GIA Laboratory and Research Tom Moses; Wai Man Cheng, director of the Hong Kong laboratory and Kathryn Kimmel, vice president and chief marketing officer of GIA.

During the ceremony, attendees toured the lab, which will offer on-site services for GIA Diamond Grading Reports and Diamond Dossiers, laser inscription and diamond sealing services.

The lab is located in Room 1411, New World Tower, 18 Queen’s Road Central in Hong Kong.

De Beers branded diamond creeps closer to U.S.

We publish courtesy of National Jeweler

London—Forevermark, De Beers’ branded diamond that is available across Asia, will be making its way into the Western Hemisphere, the diamond giant announced Thursday.

After reaching $150 million in retail sales in its first 18 months on the market, Forevermark will be made available in Mexico and select Caribbean islands, as well as in India and Singapore, before the end of the year.

According to a media release from De Beers, Caribbean retailer Diamonds International will carry Forevermark diamonds and diamond jewelry in seven doors in the Caribbean and Mexico. Information on the locations of those seven doors was not immediately available.

The miner-turned-retailer is barred from selling the branded diamond in the United States due to antitrust laws, but now, De Beers will be making Forevermark available at jewelry stores where American tourists shop to take advantage of Diamonds International’s duty-free status.

Diamonds International, which bills itself as the “largest duty-free jeweler in the world,” operates more than 125 jewelry stores throughout the Caribbean, Mexico and Central America and recently opened stores in Key West, Fla., Alaska and Las Vegas. The company’s corporate headquarters are in New York City.

In Singapore, Aspial and Lee Hwa stores will carry Forevermark, while in India, where the branded stone has had a presence at select private events since late 2009, De Beers is in talks with a number of retailers. De Beers plans to select authorized Forevermark dealers in India before the end of the year.

“We launched Forevermark a little more than two years ago with the goal of becoming the world’s leading diamond brand,” Forevermark Chief Executive Officer Stephen Lussier said in the release. “We wanted to develop a brand that not only defines quality and integrity within the diamond industry but that also inspires leading independents jewelry manufacturers and retailers to create precious and exciting diamond jewelry. We believe that growing into these new and vibrant markets is bringing us closer to realizing that goal.”

Each Forevermark diamond is inscribed with a unique identification number and the Forevermark logo and is graded at a Forevermark-specific lab. The minimum requirements for a Forevermark stone are 0.18 carats, SI2 clarity, J color and a cut rated “good.”