Posts Tagged ‘gems’

SimplexDiam purchases residual Gems TV inventory

Monday, July 26th, 2010

Residual inventory from the bankruptcy of multimedia retailer Gems TV (USA) Ltd. will be available beginning next week at the JA New York Summer Show, National Jeweler has learned.

Yogesh Madhavani, chief executive officer of SimplexDiam, said that his company beat out four other bidders in a closed auction for 10,000 pieces of Gems TV inventory. The inventory is a mix of gold and diamond and/or colored gemstone pieces as well as silver pieces set with gemstones and a number of watches. Wholesale prices for the pieces range between $20 and $1,000.

Facing financial struggles, Reno, Nev.-based on-air retailer Gems TV (USA) Ltd., which sold mainly colored gemstone jewelry via its 24/7 home shopping network, filed for bankruptcy in April and went off the air shortly thereafter. Since that time, its Singapore-based parent company Gems TV Holdings Ltd. has successfully acquired a 32 percent stake in Gems TV’s one-time rival, Knoxville, Tenn.-based Jewelry Television.

Madhavani said the Gems TV inventory consists of fashion forward pieces of good quality, with many offering “bigger looks.”

“It’s unlike some other inventories that are more traditional,” he said.

SimplexDiam will exhibit at Booth #2340. JA New York will take place July 25 through July 28 at the Jacob K. Javits Convention Center in New York City.

Source: National Jeweler Network

Study shows recognition of Leading Jewelers

Monday, July 12th, 2010

A study of consumers by the Leading Jewelers of the World (LJW) reveals that a majority of shoppers are influenced “very much” or “somewhat” to do business with stores displaying the LJW Mark of Distinction and adhering to the LJW Pledge.

Fielded from May 20 to May 31 by LJW and conducted by Nielsen and National Jeweler, the study measured the impact of the LJW Mark of Distinction, which designates retail jewelers as LJW members, and the LJW Pledge, which includes a commitment by LJW members to adhere to the highest possible standards of integrity.

Among survey questions was: “What comes to mind when you think of Leading Jewelers of the World?” Leading responses were quality, service, selection, trust, price and knowledge.

The findings show strong customer likelihood to buy from jewelers that display the LJW Mark or advertise their adherence to the LJW Pledge. Respondents were shown the Mark of Distinction and were asked to read the Pledge, and were then asked whether these would influence whether or not they did business with an LJW retailer. Forty percent said “very much,” while 48 percent indicated “somewhat.” Smaller percentages, 10 percent and 2 percent, indicated “not very much” and “not at all,” respectively.

“For obvious reasons, everyone involved with LJW was enthusiastic about the results,” said Michael Barlerin, LJW executive director. “The learning regarding the importance of the Pledge and Mark and their consistent communication to customers definitely provide a jeweler a significant point of differentiation from their peers. This benefit is further enhanced by exclusive LJW Honoree status in a defined trading area.”

Barlerin added that work is underway with Nielsen to field additional studies, and that LJW is working to expand the communication of the LJW Pledge at point of sale.

LJW is an association of independent retail jewelers granted exclusivity in their markets. Survey results are based on response from 226 customers of Bergstrom’s Jewelers, Minneapolis.

Source: National Jeweler Network

Designers bring new looks to Couture table

Friday, June 11th, 2010

Sevan Bicakci, who presented this ring featuring diamonds set against darkened gold, was among the Couture 2010 designers that showed a flair for darkened metal designs mixed with diamonds.

Las Vegas–In 2009, high-end jewelry designers focused on tried-and-true sellers–and wisely so–but for Couture 2010, exhibitors were back with a re-energized spirit and a product mix destined to turn the heads of retailers perusing the industry’s premier jewelry-buying show, which ends today at the Wynn Las Vegas.

As in 2009, designers continued to make small changes to retail favorites, but there was clearly an experimental attitude, too, with designers test-driving everything from lesser-known colored gemstones to metal treatments, while also keeping a close eye on how wearable and salable their creations would be.

In gemstones, milky, opaque stones, such as carnelian, bloodstone and moonstone, garnered much attention from designers, as they have in the past, but at Couture 2010, labradorite appeared to be the stone of the moment. Those integrating the grayish-blue stone into their latest creations included designers from Emily Armenta–known for ornate, Spanish-inspired oxidized sterling silver and 18-karat gold designs–to Robert Lee Morris, renowned for sculptural silver styles.

Morris, like a number of designers at Couture, was introducing more colored gemstone-accented pieces into his eponymous collection this year. The designer offered up fresh new sculptural designs in the “Futura” collection, but was also experimenting with color in the new “Midsummer Night’s Dream” collection featuring gemstones, including labradorite, in “moody” hues–grays and greens inspired by forests and vegetation–according to the brand.

John Hardy, also best known for its silver designs, was moving further into color, too, with its “Naga Lava” collection featuring black sapphires, smoky quartz and purple amethyst, all of which added flashes of hue to the designer’s familiar Naga dragon motif. And De Latori, a new brand, introduced Couture exhibitors to its sterling silver designs accented with blue and yellow stones, including turquoise and druzy.

In diamonds, many exhibitors went for a black-and-white motif that deployed diamonds set against the backdrop of darkened metal, either blackened gold or oxidized silver. From the booths of designers such as Sevan, Yossi Harari and Moritz Glik, among many others, the darkened settings provided a surface upon which the diamonds popped, offering up an antique look, but one less feminine and more edgy than the vintage-style designs that have been popular over the last year.

In terms of styles, designers responded to the current consumer quest for value with a variety of versatile pieces, from designs that can be worn in multiple ways to pieces that can be worn and styled with other jewelry.

For example, Pamela Froman introduced visitors to her “Mommy Earrings” featuring stud and drop components, with the latter being easily removed and thereby kept away from the pull of little hands. Tresor, meanwhile, discovered a hit with its “Interchangeable” collection of drop earrings, said designer Puja Bordia. The line features a variety of gemstone briolettes that wearers can switch in or out to suit their moods or match the clothing they are wearing.

Another value-conscious trend spotted at many a booth: Stacked and layered pieces, from rings and bangles to tiny, delicate necklaces and long strands of gemstones and chains. Designers called out their strong potential for sales, given that such designs can be bought one at a time and worn with other pieces within the same collections or with pieces that are already in consumers’ jewelry boxes.

Source: National Jeweler Network

Cleaning and Polishing

Saturday, May 29th, 2010

Looking for a fast, safe, easy and biodegradable way to clean your jewelry and stones. Try using Quickbrite, Simply spray a mist of QuikBrite onto the object to be cleaned. Allow it to set one to two minutes and wipe off with a clean cotton cloth. Quickbrite is an excellent choice for the job for tough stains. If the grimes are in hard-to-get-places, use a bristled toothbrush and gently brush away dirt after spraying on Quickbrite.

Blue Diamond Sets Record

Wednesday, May 19th, 2010

One deep-pocketed buyer was feeling blue to the tune of $8 million at Sotheby’s auction in Geneva. See the blue diamond that brought in the big bucks.

Sotheby’s pocketed yet another record pay day when a 7.64 carat fancy intense blue diamond sold in Geneva this week to an anonymous client for a mere $8,034,503. That’s over $1 million per carat – a record for a blue diamond of this quality.

The auction house reports this is the largest cushion-shaped stone of this color grading ever to appear at auction with a final price tag soaring above the original estimate of $4 -6 million.

The second-highest selling lot of the day behind the $8 million blue diamond was a 52.82-carat, emerald-cut diamond sold to a U.S. dealer for $7.93 million.

“Today’s outstanding results once again demonstrate the vibrancy and depth of the international jewelry market and the enormous appetite throughout the world for jewels and gemstones of the very best quality,” David Bennett, chairman of Sotheby’s International Jewelery department for Europe and the Middle East, said in the release.

A second blue diamond, a 5.02-carat fancy vivid stone set with a 5.42-carat white diamond ring from French jeweler Alexandre Reza, sold for $6.32 million. The sale set a new auction record price for a jewel by any French designer, according to Sotheby’s.

Visit our jewelry education section for more information about natural colored diamonds and why they bring in such a hefty price tags! Or play the blues with our huge selection of blue gemstone jewelry – from sapphires and aquamarines to blue topaz and turquoise styles.

 


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