Author: Ruchi Singla

Ruchi is our trusted breaking news reporter, keeping you informed about the latest trends, launches, and significant events as they unfold. With a commitment to accuracy and a passion for adding a layer of insight, Ruchi creates informative and engaging content that shines a light across the world of jewelry.

The American Gem Trade Association (AGTA) has announced new deadlines for its prestigious Spectrum & Cutting Edge Awards, celebrating their 40th anniversary this year. The early bird deadline is now September 20, with the final deadline set for October 9. Key Dates and Entry Fees The AGTA Spectrum Awards, known for recognizing excellence in colored gemstone and cultured pearl design, have adjusted their submission deadlines. Early bird entries are accepted until September 20 at a cost of $265 for the first entry and $205 for each subsequent entry. For entries submitted by the final deadline of October 9, the fee…

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Members of the first class to complete the Gemological Institute of America (GIA) Graduate Gemologist program in New York City gathered to commemorate the 50th anniversary of their 1974 graduation.  The event brought together a group of distinguished alumni, their spouses, and GIA staff at GIA New York to celebrate the impact of GIA’s education on their lives and the gem and jewelry industry. Milestone Event “The 1974 NYC Graduate Gemologist class exemplifies the enduring excellence and commitment to education that GIA has upheld for nearly a century,” said Susan Jacques, GIA president and CEO. “We are honored to celebrate…

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Recent research from Vericast reveals a conflicted consumer sentiment regarding holiday spending for the 2024 winter season. This study surveyed 1,000 U.S. adults and analyzed data from Vericast’s 2024 Holiday Retail TrendWatch, highlighting the tension between the desire to splurge and the necessity to save. Spending Trends and Demographics According to the data, 41% of consumers plan to spend more on gifts for themselves this holiday season, with this trend most prevalent among Gen Z (47%) and Millennials (56%). However, 46% of consumers are focused on budgeting and reducing overall holiday expenditures. The conflict extends to holiday party planning, where…

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Initiatives in Art and Culture (IAC) is set to host its 14th annual Gold and Diamond Conference in New York City from July 16-17, with a welcome reception on July 15. The event will take place at the Bohemian National Hall, beginning with opening remarks by IAC President and Founder Lisa Koenigsberg. Conference Theme and Key Focus Areas The conference theme, “Expanding Horizons,” aims to foster cross-sector collaboration and address pressing global challenges within the gold, diamond, and jewelers sectors. The agenda includes panels on climate change, gender inequality, and the socioeconomic conditions of mining communities. Opening Remarks and Initial…

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Signet Jewelers has been ranked 67th on the National Retail Federation’s (NRF) 2024 list of the Top 100 Retailers, a decline from its position at 56th last year. Signet is the only jewelry-focused company on the list, which is based on annual sales figures. Sales and Store Count Analysis In 2023, Signet’s U.S. retail sales totalled $6.53 billion, contributing to a global revenue of $7.21 billion. These numbers represent a decline from 2022 when the company reported $7.5 billion in U.S. sales and $8.3 billion worldwide.. Signet’s U.S. store count also saw a slight decrease, from 2,351 stores in 2022…

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The Jewelry Symposium (TJS), the annual event focused on the advancement of jewelry manufacturing technology, is now accepting proposals for its May 2025 edition. The deadline for abstract submissions has been extended to 1 August 2024. Call for Submissions TJS is seeking original presentations from subject matter experts in jewelry manufacturing and technology. The extended abstract submission deadline is 1 August 2024. Final draft papers are due by 15 January 2025, with presentations expected by mid-April. “Our audience of jewelry makers crave topics on manufacturing, cutting-edge technology, research, best business practices, safety, history, bench work, gemstones, metals, sustainability, and sourcing…

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Registration for the JIS Fall 2024 event, scheduled from October 6 to 9, is now open. Held at the Miami Beach Convention Center in Florida, JIS Fall will feature over 600 exhibitors, and provide a great opportunity to explore trends, view brands’ wares and network with your peers as we all prepare for the holiday season. Highlighting Seasonal Trends JIS Fall 2024 will present a broad spectrum of the latest jewelry trends. Attendees will see a variety of pieces, from pearls and reimagined classics to statement pendants and vintage-inspired designs. Brands such as A&P Afarin, Heera Moti, America’s Gold, SimplexDiam,…

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The International Gemological Institute (IGI) has announced the appointment of Tiffany Stevens as Chief Business Officer and Head of Sustainability for its North American operations, succeeding Avi Levy, who has held the position since 2019. Leadership Transition Tehmasp Printer, Global CEO at IGI, expressed enthusiasm for Stevens’ appointment, highlighting her extensive background in legal and public policy, along with her industry knowledge and relationships. Printer stated, “We are excited to welcome Tiffany to the team. Her legal and public policy background and extensive industry knowledge and relationships align with our mission to uphold the highest standards of gemological excellence. I…

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U.S. Customs and Border Protection (CBP) officers recently intercepted three significant shipments of counterfeit luxury jewelry, including items falsely branded as Louis Vuitton, Gucci, Rolex, Van Cleef and Arpels, and Cartier. The seizures, totalling 2,387 pieces, highlight the ongoing challenge of protecting intellectual property rights in the jewelry industry. Details of the Seizures The first shipment, seized on 1 July, contained 1,466 pieces of counterfeit jewelry, including fake Louis Vuitton, Gucci, and Dior necklaces. This shipment, originating from China, was en route to a residence in Brooklyn, New York. On 3 July, CBP officers seized two additional shipments directed to…

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Signet-owned Rocksbox has transitioned from a subscription-based jewelry rental service to an e-commerce platform specializing in pre-owned jewelry.  This shift aims to meet growing customer demand for outright purchases of pre-owned designer jewelry, rather than rental subscriptions. Changing Business Model Rocksbox launched in 2012 as a subscription-based rental service, offering designer jewelry for a monthly fee. However, customer interest in purchasing rather than renting has led to a significant business model change. According to a survey conducted by Rocksbox in 2023, 78% of its clients expressed a preference for buying second hand jewelry. This feedback has been instrumental in reshaping…

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The Grown Diamond Trade Organization (GDTO) has announced the appointment of Stanley Mathuram, CEO of ECG Global Solutions, as the new head of Sustainability Standards and Ratings, aiming to shore up their capabilities around sustainability, transparency, and ethical practices within the lab-grown diamond sector. Extensive Experience in Sustainability Mathuram brings significant experience to the role, with a background in Chemical and Environmental Engineering and over 25 years in sustainability, business development, circularity, climate finance, carbon markets, transition economy, and environmental engineering. Previously serving as Executive Vice President of SCS Global Services, he played a key role in developing and implementing…

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In a bold incident on the Las Vegas Strip, four individuals have been charged with stealing a bag containing approximately $250,000 worth of diamonds from a jewelry vendor attending the Jewelers Circular Keystone (JCK) show at the Bar Luca in the Palazzo hotel. Incident Details The victim, a jeweler from Georgia, was in Las Vegas with his wife for the JCK show. On May 31, while taking a break at Bar Luca with a colleague, he placed a bag between his feet containing 12 diamond engagement rings, three diamond pendants, $250 in cash, and his car and house keys. Despite…

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Jewelers of America (JA) will offer their Bench Professional Certification exam at the Gemological Institute of America’s (GIA) Carlsbad campus on August 8-9, 2024.  This exam, set to take place at The Robert Mouawad Campus at GIA’s World Headquarters, aims to assess the skills of bench jewelers. David Bonaparte, President & CEO of Jewelers of America, stated, “JA’s Bench Certification exam is a terrific way for individuals to validate their skills, communicate their professionalism, help their business stand out and gain consumer confidence. We are thrilled to be able to offer the exam on-site at The Robert Mouawad Campus at…

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Mejuri has unveiled a new line of earrings crafted from “salmon gold,” a material sourced through an innovative process aimed at environmental restoration. This launch aims to contribute to sustainable practices by addressing ecological damage from traditional mining methods. Sustainable Sourcing and Environmental Restoration The concept of “salmon gold” refers to gold extracted from the waste rock of abandoned placer mines, specifically those near stream beds. This process involves removing the last remnants of minerals from old mine tailings and subsequently restoring these sites to their original, wildlife-friendly habitats. Mejuri has committed to this sustainable sourcing method as part of…

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The Gemological Institute of America (GIA) is piloting a new Jewelry Report service, aiming to provide detailed insights into the various components of submitted jewelry items. This service will encompass metal details, gemstone characteristics, and existing engravings, offering a thorough overview of each piece. Key Features of the GIA Jewelry Report The GIA Jewelry Report will include a comprehensive description of the jewelry piece, covering metal verification and the ranges for clarity, colour, and carat weight of D-to-Z diamonds. For diamonds without prior GIA reports, these specifics will be newly detailed. If diamonds have existing GIA report numbers, the specific…

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Jewelers of America (JA), recently visited Washington, D.C. to discuss the implementation plans for import restrictions on Russian diamonds into the United States with top lawmakers.  Leading the delegation was JA President & CEO David J. Bonaparte, accompanied by key industry figures such as Jon Bridge of Ben Bridge Jeweler, Dave Meleski of Richline Group, Matthew Swibel of Signet Jewelers, and Ronnie VanderLinden of the Diamond Manufacturers Importers Association of America. Advocacy Efforts Advocacy and lobbying are central to JA’s mission to ensure consumer confidence and protect the U.S. retail jewelry industry. The organization supports measures to exclude Russian diamonds…

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Smiling Rocks again showcased its commitment to philanthropy and digital education at this year’s JCK Las Vegas show.  The company, known for its annual charity initiatives, has pledged to build digital libraries in low-income rural communities, with this year’s efforts focused on funding through booth visits at the event. Funding Digital Libraries Smiling Rocks plans to construct two new digital libraries based on the visitor count at their JCK Las Vegas booth. These libraries aim to provide essential digital education resources to rural schools lacking the funds for computer classrooms. This initiative is part of Smiling Rocks’ broader goal of…

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Zales has announced the addition of Nungu Diamonds and Dorian Webb to its Designer Edit, a curated collection that highlights both established and emerging jewelry designers. This initiative is aimed at diversifying the brand’s offerings and aligning with consumer preferences for unique and meaningful jewelry pieces. Nungu Diamonds Nungu Diamonds, a Black-owned brand based in Johannesburg, South Africa, is one of the newest additions. Founded by Kealeboga and Ursula Pule, the brand is committed to supporting local communities through its jewelry business. The Zales x Nungu collection features necklaces, earrings, and rings crafted in 14K yellow and white gold with…

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Jewelers of America (JAA) has opened entries for the 2024 CASE Awards – the annual competition that celebrates creativity, artistry, style, and excellence in jewelry design among JA Members.  The entry deadline for this year’s competition is 17 July 2024. Competition Details The CASE Awards is open to employees of JA Member retailers and suppliers, providing an opportunity to gain national recognition for their original jewelry designs. The awards are structured into ten categories, segmented by the retail value of the jewelry and membership type (retailer or supplier). Categories and Judging Entrants can submit pieces in the following categories: Each…

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The Plumb Club has confirmed that its retailer-focused learning event, the Symposium, will be held again in 2025 following positive feedback and survey results from the previous event. The Symposium is scheduled to take place during the week of March 10th at a new location in Manhattan, which will be announced soon. Survey Results and Feedback According to a survey conducted by Reed Exhibition, many aspects of the 2024 event received high satisfaction ratings, with the show team, location, keynote, and registration all scoring 90% and above. Additionally, 76% of respondents expressed satisfaction with the event’s objectives of imparting industry…

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The Black in Jewelry Coalition (BIJC) Collective is set to return to Las Vegas, showcasing four Black-owned jewelry brands at the JCK Las Vegas and JCK Luxury exhibitions.  This marks another significant appearance by the collective, promoting diversity and representation within the jewelry industry. Participating Brands At JCK Las Vegas, attendees can visit Eleora Gems, Jevela, and Simone I. Smith at booth 10042. Over at JCK Luxury, Dorian Webb will be exhibiting at stand D116. While Simone I. Smith and Dorian Webb participated last year, Eleora Gems and Jevela are new additions to the collective. Brand Highlights Eleora Gems: A…

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PGI USA is set to unveil a new platinum alloy – ‘Inoveo Platinum’ – at the upcoming JCK Las Vegas show. Developed in collaboration with platinum miner Anglo American and materials designer Alloyed, Inoveo Platinum is being promoted as a significant advancement in platinum jewelry design and manufacturing. Technical Advancements and Benefits Inoveo Platinum has been engineered to combine the workability of white gold with the intrinsic properties of platinum. According to PGI USA, this new alloy offers substantial improvements in production efficiency and product quality. The alloy is claimed to have up to four times less porosity and a…

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The Gemological Institute of America (GIA) is set to present an extensive array of interactive displays, informative presentations, and hands-on demonstrations at the Couture and JCK Las Vegas shows.  These offerings aim to immerse attendees in the world of gemology, showcasing the institute’s expertise and latest innovations. “We are thrilled to once again participate in JCK Las Vegas and Couture where we can connect with industry professionals from around the world.”. “As a trusted resource for gemological knowledge, services and expertise, GIA is committed to advancing excellence and integrity in the global gem and jewelry trade.” Susan Jacques, president and…

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Charles & Colvard has announced a strategic alliance with the International Gemological Institute (IGI) to provide exclusive grading reports for their Forever One moissanite gemstones.  This initiative aims to enhance consumer confidence by delivering standardized measures of quality and authenticity for these gemstones. “Not all moissanite is created equal,” states Don O’Connell, president and CEO of Charles & Colvard. “The new collaboration with IGI emphasizes our commitment to maintaining brand integrity in a market increasingly saturated with false information and counterfeit products.” Details of the Grading Reports The grading reports will assess the quality characteristics of the moissanite using the…

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Police are investigating the theft of more than $800,000 in jewelry, cash and guns from a Glendora jewelry store. Surveillance video provided by the owner of Desire Jewelry on North Glendora Avenue indicates the thieves broke in through the ceiling around 11:15 p.m. on May 15 night and worked to drill through two steel safe units for approximately six hours before finally leaving. Detailed Breakdown of the Incident The burglars, believed to be a group of four to five individuals, conducted a well-planned break-in. They entered the store by drilling through the roof around 11:15 p.m. They then spent approximately…

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Sarine Technologies Ltd has announced a return to profitability in the first quarter of 2024. The company reported a net profit of USD 0.6 million for Q1 2024, a significant turnaround from a loss of USD 2.8 million in Q4 2023.  This recovery is attributed to increased revenue from new services and strategic cost-cutting measures. New Services and Market Developments Most Valuable Plan (MVP) Launched in Q1 2024, the MVP paradigm optimizes the planning of rough diamonds weighing 40 points and below, with plans to extend up to 90 points later in the year. This service has an addressable market…

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Jewelers of America (JA) has announced the recipients of its 2024 “20 Under 40 in Jewelry Retail” list. This annual accolade recognises young professionals who have shown leadership and innovation within the jewelry retail sector. Recognition and Criteria The 20 Under 40 list highlights individuals under 40 employed by JA Member retail stores. Despite varying job titles and levels of experience, the recipients share a common dedication to advancing jewelry retail. Selected by a panel of industry judges, these professionals have demonstrated the ability to lead, innovate, and enhance the success of their jewelry stores while maintaining professional ethics. 2024…

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On August 10, the INSTORE Show 2024 will launch with a ‘Cram Day Conference’ at the Donald E. Stephens Convention Center in Rosemont, IL.  The event, separately ticketed from the main show, will feature a headline seminar from GIA Alumni Collective on lab-grown diamonds – aiming to equip independent jewelers with a solid understanding of production, regulatory aspects, and future market outlook. Seminar Details and Objectives The Cram Day seminar will offer two sessions, limited to 50 participants each, addressing the science and identification of laboratory-grown diamonds. Lisa Kennedy, a Senior Subject Specialist in Gemology at GIA, will conduct these…

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B2B diamond sourcing platform Liquid Diamonds has raised over $1.1 million to expand its services to jewelry retailers.  The investment was led by the New York Angels, a group of New York-based financiers who are focused on modernizing the diamond industry. Platform Enhancement Liquid Diamonds aims to enhance the process of wholesale diamond buying by promoting price transparency and liquidity. The recent investment will enable Liquid Diamonds to expand its support to jewelry retailers by streamlining diamond purchasing and introducing mounted programs. Influential Perspectives Donna Redel, an investor and new board member, commented on the industry’s adaptation to new technologies:…

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ALTR Created Diamonds has become the first lab-grown diamond producer to receive the prestigious SCS-007 Sustainability Rated Diamonds Certification from SCS Global Services.  This certification marks a significant milestone for the company, and also for the lab-grown diamond industry, recognising ALTR’s compliance with rigorous environmental and ethical standards in its production processes. Details of the Certification In attaining the SCS-007 Certification Standard for Sustainability Rated Diamonds, ALTR has complied with the stringent criteria set out by SCS Standards – a robust, multi-stakeholder sustainability standard specifically designed for the diamond industry. Since its inception in 2006, ALTR has utilized 100% renewable…

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