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Saturday, February 23, 2008

Macau International Jewlery & Watch Fair

Macau International Jewlery & Watch Fair

February 28, 2008 - March 2, 2008
Macau, China

GJX Gem & Jewelry Show

GJX Gem & Jewelry Show

February 6, 2008 - February 11, 2008
Tucson, Arizona, USA



Inhorgenta Europe 2008

Inhorgenta Europe 2008

February 15, 2008 - February 18, 2008
Munich, Germany

China International Gold, Jewellery & Gem Fair - Shenzhen

China International Gold, Jewellery & Gem Fair - Shenzhen

February 28, 2008 - March 2, 2008
Shenzhen, China

30th, GLDA Tuscan Gem & Jewellery Fair

30th, GLDA Tuscan Gem & Jewellery Fair

February 5, 2008 - February 10, 2008
Arizona, USA



J.C. Penney faces low sales

J.C. Penney faces low sales

Sale of jewellery dipped in Q4

J.C. Penney encountered sales decline by 4.1% to $6.4 billion during the fourth quarter ended February 2, 2008. The slow sale of fine jewellery was partly attributed to this. The net profit also dipped by 10% to $430 million. The company mentions a conservative approach in business plans to maintain a balance between near-term economic realities and long-term growth opportunities. The store will stress on improving the customer experience at the stores with improved merchandising and smart prices.

http://www.diamondworld.net/newsroom/news.asp?newsid=2024

GIA alumni Meet

GIA alumni Meet

The agenda focused on education about diamonds and gemstones

Gemological institute of America (GIA) organised an Alumni Meet for its Members and Industry Leaders on February 22,l 2008. The event was graced by Russel Mehta of Rosy Blue, Ashish Mehta of Kantilal Chhotalal, Satish Shah of Deccan Institute, Hyderabad, Sultan Mohiden of Madras Gem Institute, Nirupa Bhatt, MD GIA India and Middle East and other GIA alumni who traveled down from Hyderabad, Delhi, Madras and Kolkatta.

The event kicked off with a presentation of GIA courses by Deepak Bagai. Russel Mehta spoke about protection of consumer confidence and synthetics. He said, “The complete understanding of diamonds is very important and this can come through education. We need to understand that certification is very important and now a days buying happens online.”

Satish Shah spoke about color-stones being given stepmother treatment. “The Cartel is advocating diamonds and color-stones though in abundance in nature and equally beautiful, are being ignored,” he explained. Asish Mehta also seconded Russel Mehta’s opinion that synthetics were a threat and could take on the markets if they were not identified on time and proper training was not imparted to diamond merchants.

Some other GIA graduates spoke on the occasion about the institute’s reputation in the trade and how the courses had helped them in their business. The event ended on revival of fond memories of days spends at the institute.

http://www.diamondworld.net/newsroom/news.asp?newsid=2028

Charles & Colvard Ltd. earns net loss, last year it earned a net profit

Charles & Colvard Ltd., had a disappointing net sales in the year 2007. During the year it faced a net loss of $24,424 as compared to a net profit of $6.1 million a year earlier.
For the fourth quarter ending December 31, 2007, net sales decreased by 35% to $7.9 million, while for the entire year it dipped by 32% to $27.81 million.

The net loss in the quarter amounted to $1.1 million, whereas it has earned a net income of $1.3 million, per diluted share in 2006. The company said they faced problems with their distribution model. In the US, sales in the fourth quarter dipped by 40% to $6.6 million, while international sales increased 20% to $1.3 million. Charles & Colvard has decided to discontinue its policy of providing future guidance on sales, gross profit margins and marketing and sales expenses.

http://www.diamondworld.net/newsroom/news.asp?newsid=2027

IDMA criticise the lack of comprehensive generic diamond promotion

At the two-day International Diamond Manufacturers Association (IDMA) retreat in Israel, the members unanimously discussed the lack of cohesive and comprehensive generic diamond promotion, and expressed readiness to coordinate such a programme on behalf of the industry. The IDMA issues a statement at the meeting. The IDMA members present were, Jeffrey Fischer, IDMA president; Vasant Mehta, IDMA vice president (GJEPC of India); Moti Ganz, IDMA vice president, Uri Schwartz, Bumi Traub, David De Toledoand Udi Sheintal (the Israel Diamond Manufacturers Association); Eduard Denckens, IDMA vice president; Maxim Shkadov, IDMA vice president, Stephane Fischler, IDMA Secretary General and Treasurer, and others from diamond cutting and manufacturing bodies.

IDMA President Jeffrey Fischer affirmed that as the industry shifts to a demand driven model, IDMA has identified the lack of cohesive and comprehensive generic diamond promotion in the consumer market as a short-sighted failing on the part of the industry. " IDMA has resolved that it will take a leadership role in developing specific proposals to help remedy this situation. IDMA is calling upon all stakeholders to assemble with the express purpose of creating an ongoing industry-wide generic diamond promotion campaign. IDMA offers to act as the coordinator of this 'summit meeting' to address this important need and will announce a plan of action shortly," he stated.

Fischer said. " IDMA is concerned that current rough diamond prices are speculative. As a result, the diamond manufacturing sector is experiencing the collapse of already very thin profit margins. Producers - large and small - should take note and take appropriate action!”

The participants focused on internal organisational planning, matters of concern to IDMA membership, and issues confronting the wider diamond industry. The retreat was moderated by Chaim Even-Zohar of Tacy Consultants Ltd., and Charles Wyndham of WWW International Diamonds Ltd.

Tuesday, February 12, 2008

Tourmaline

Tourmaline occurs in the widest array of colors of any gemstone species. Sometimes as many as two or three colors exist in the same cut stone. Tourmaline is also known under different names: The “rubelite” is red, sometimes with a violet tint. Fine “chrome” tourmaline has a beautiful rich green color. “Indicolite” ranges from very light to dark shades of blue, violet blue, and greenish blue.
The name “tourmaline” has its origins in the Sinhalese word “Turmali”, which means mixture. Originally, native miners applied this term to mixed parcels of gems when they didn’t really know what the stones were.
Tourmaline is sometimes known as an alternative birthstone for October, and the accepted anniversary gemstone for eight year of marriage.

Tanzanite

While tanzanite ranges in color from pale lilac to deep intense blue, each stone gives you three colors. From one angle, you may see it as a brilliant blue; turned in another direction, the color will show a purple almost as lovely as fine amethyst; turned a third way, the color will show a salmon-pink brown.
Tanzanite is one of the newest gemstones; it was named in 1967, when the first beautiful crystals were discovered in Tanzania. Because it comes from only one location and is relatively rare, it bestows on its owner a mark of distinction. Tanzanite is still young, so there is no folklore connected with it.
To maintain its brilliance, clean in jewelry cleaner or lukewarm water, do not use a home ultrasonic cleaner or subject to steam. Avoid hard knocks and scratches as well as extreme temperature changes.

Imperial Topaz

Imperial topaz is the accepted anniversary gemstone for the 23rd year of marriage. Topaz is mainly found in Brazil, Nigeria, and Sri Lanka.
Most people think of topaz as a transparent golden yellow gemstone. However, this gemstone also occurs colorless as well as orange yellow, red, honey-brown (dark sherry), light green, blue, and pink. The name topaz is derived from the Greek word meaning “to shine” and also implies “fire.” Orange-red “Imperial” topaz and pink colors are rare and most valuable.
The lore, magic and romantic of topaz goes back many thousands of years. It holds the distinction of being the gemstone with the widest range of curative powers. Ancient Egyptians thought its golden glow symbolized “Ra,” their sun god. The Greek felt it gave them strength. In addition, it supposedly cooled tempers, restored sanity, cured asthma, relieved insomnia and even ward off sudden death. Topaz is said to make its wearer invisible in times of emergency. It proved the loyalty of associates by changing color in the presence of poison.

Grape Garnet

Grape Garnet describes an intense purple-red variety of garnet that is distinctively different in color from ordinary rhodolilte or amandine garnet.
Mined in the Orissa of Northwest India, Grape Garnet constitutes only a minute fraction of the massive Indian garnet production. Due to primitive mining methods and a short mining season interrupted by torrential monsoons, this stone variety is not widely known outside its local area. Historically we see examples of this material as badly faceted, dull purple stones in silver jewelry or as beads. But careful selection of rough stones and precision faceting bring out its unique fire and color. The result is an intense purple-red hue that flashes and sparkles even in very limited light, and positively comes alive in sunlight.

Blue Topaz: December’s Gemstone

Blue topaz is one of the accepted birth stones for December and anniversary gemstone for 4th year of marriage, and Imperial topaz for the 23rd. Topaz is found mainly in Brazil, Nigeria, and Sri Lanka.
Most people think of topaz as a transparent golden yellow gemstone. However, this gemstone also occurs colorless as well as orange yellow, red, honey-brown (dark sherry), light green, blue, and pink. The name topaz is derived from the Greek word meaning “to shine” and also implies “fire.” Orange-red “Imperial” topaz and pink colors are rare and most valuable.
The lore, magic and romantic of topaz goes back many thousands of years. It holds the distinction of being the gemstone with the widest range of curative powers. Ancient Egyptians thought its golden glow symbolized “Ra,” their sun god. The Greek felt it gave them strength. In addition, it supposedly cooled tempers, restored sanity, cured asthma, relieved insomnia and even ward off sudden death. Topaz is said to make its wearer invisible in times of emergency. It proved the loyalty of associates by changing color in the presence of poison.

Citrine: November’s Gemstone

Citrine is one of the accepted birthstones for November, as well as the anniversary gemstone for the 13th year of marriage. It is found mainly in Brazil.
Citrine is a variety of quartz; colors range from pale yellow to yellowish-brown and “Madeira” red. The most popular fashion colors are the vivid yellows and oranges. It is often mistaken for yellow or golden topaz. Citrine is readily available, very affordable in large sizes and stands up well to daily wear. Its earthy tones complement many wardrobes. Citrine is often seen in jewelry combined with amethyst, blue topaz and pink tourmaline.
Citrine’s name is derived from “citron,” a lemon like fruit. People once carried citrine as protective talisman against the plague, bad skin and evil thoughts. It was also used as a charm against the bites of snakes and other venomous reptiles.

Opal: October’s Gemstone

Opal is accepted for October birthdays and is the gemstone for 14th anniversaries. Sources are Australia, Mexico, and The USA.
There are more than a dozen varieties of fiery and iridescent opals. In fact, its tremendous color spectrum is the major reason for the opal’s mysterious attractiveness. The most popular have a white body color with flashes of many colors or “fires.”
Opal has symbolized hope, innocence and purity through the ages. In the Middle Ages, young fair-haired girls, wore opals in their hair to protect its lovely blond color. Medieval writers believed the opal could render its wearer invisible when the need arose. The ancient Romans believed the opal was the king of gems because it held within itself all the colors of rainbow.

Sapphire: September’s Gemstone

Sapphire is the birthstone for September and the gemstone for 5th and 45th anniversaries. They are found in Sri Lanka, Australia, East Africa, and Southeast Asia.
Sapphire, a variety of corundum, comes in all colors except red, with the most popular being deep blue. Rare orange, pink and lavender varieties, along with rich velvety blue are the most expensive. Like ruby, its twin except for color, the sapphire is second only to the diamond hardness.
Some ancient writers claimed the Ten Commandments were written on sapphire. Ancient marriage partners had great faith in the stone, believing it would not shine if worn by wicked or impure. They were reported to be an excellent all-purpose medicine; and antidote against poison and having the power to stop bleeding and cure disorders of the eye. Sapphires were considered to be so powerful they continued to protect the original owner even after being sold.

Peridot: August’s Gemstone

Peridot is the birth stone for August and 16th anniversary gemstone, and mainly in Burma and the USA.
Peridot is sometimes referred to as an “Evening Emerald” because under artificial light the stone glows as a brilliant green. Choice peridot is transparent and its color varies yellow green to brilliant light green. Peridot is the child of volcanic action, crystals are sometimes combed from the black sands of Hawaii. It is abundant and available in larger sizes.
The peridot symbolize eloquence and persuasiveness; it was dedicated to St. Bartholomew. Treasured peridots found their way into cathedrals during the Crusades. Many legends state that peridot was considered a powerful amulet against all evil, as well as a remedy for sinus problems. It is said that if the gem was set in gold, it had the power to protect its wearer from terrors of the night, fears and bad dreams. Peridot were especially favored by pirates.

Ruby: July’s Gemstone

Rubies come from Burma, Thailand, Kenya, Tanzania, Cambodia, Sri Lanka, and India. It is the accepted gemstone for July birthdays, also 15th and 40th anniversary.
The ruby is named because of its rich red color. The ruby is a very durable gemstone; its hardness is surpassed only by diamond. Large rubies are very scarce and costly, worth more than 2 to 3 times a diamond of equal size and quality.
Rubies were thought to contain a glowing spark struck from the planet Mars. Ancient lore held that the ruby was capable of curing illness and reconciling lovers quarrels. Hindus referred to the ruby as “The Lord of the Gems,” and believed its deep red color came from an inextinguishable fire which was capable of boiling water. It is said that a person should never make faces at a ruby in a museum, and never ignore it, for it was said to grow dull if slighted or not worn or seen.

Cultured Pearl: June’s Gemstone

Pearl is the official birth stone of the month of June. It is also the accepted anniversary gemstone for the 3rd and 30th years of marriage.
A pearl is the product of an oyster’s defense mechanism. When a foreign irritant is introduced naturally or by man (cultured), the oyster immediately surrounds it with layers of a substance called nacre. This forms the exquisite gemstone known as pearl. Pearls come in a wide range of colors from delicate rose white to black. They should be relatively free from skin blemishes. The more perfectly round the shape the better. The higher the luster or “orient,” the more valuable the specimen. Besides the popular round shape, there are stylish mabe (large hemispherical cultured pearls), fresh water (elongated in interesting shapes and colors), and South Sea (large cultured pearls 10 mm and up from Australian and Indonesian waters), to name a few.
The oriental pearl is known as the gem of the moon. They have been recognized as the emblem of modesty, chastity, and purity. They have also come to symbolize a happy marriage.

Emerald: May’s Gemstone

Emerald is the birth stone for the month of May and is also the anniversary gemstone for 20th and 35th years of marriage. They are found mainly in Colombia, Brazil Zambia, and Zimbabwe.
The emerald is known as the Queen of Gems, and the gem of queens. The most prized is pure green or slightly bluish green. Emeralds are often characterized by the garden of included crystals trapped within. Under magnification, you will see all sorts of lovely patterns resembling foliage in a garden. A flawless, clear emerald is very rare and is usually found in small sizes. Small to medium sized stones are often faceted in the “step” or emerald cut. The gem is also lovely when cut into a Cabochon or dome shape. Sometimes emeralds are even carved.
The ancients held the emerald in great esteem, believing they sharpened the wearer’s eyesight and mind. The earliest engravers kept emeralds on their work tables to gaze upon from time to time to rest their tired eyes. Travelers relied on emeralds as protection against the hazards and perils of long journeys. The green gem was also said to give its owner the power to predict the future.

Diamond: April’s Gemstone

Diamond is the birth stone for month of April, and besides being the most popular gemstone for engagement rings, is the anniversary gem for the 10th and 60th years of marriage. Diamonds are found in Australia, Congo, Botswana, Russia, and South Africa.
Even though the diamond is the hardest of all gemstones known to man, it is the simplest in composition: it is common carbon. The ancient Greeks believed that diamonds were splinters of stars fallen to earth. It was even said by some that they were the tears of the Gods or perhaps crystallized lighting or hardened dew drops. The truth is, however, that the exact origin of diamonds is still something of a mystery, even to scientist and geologists.
In ancient times only kings wore diamonds as a symbol of strength, courage, and invincibility. Over the centuries, the diamond acquired its unique status as the ultimate gift of love. It was said that Cupid’s arrows were tipped with diamonds which have a magic that nothing else can ever quite equal. But it wasn’t until 1477, when Archduke Maximillian of Austria gave a diamond ring to Mary of Burgundy, that the tradition of engagement rings began. Even the reason a woman wears it on the third finger of her left hand dates back to the early Egyptian belief that the vena amoris, vein of love, ran directly from the heart to the top of the third finger, left hand.

Aquamarine: March’s Gemstone

Aquamarine is one of the traditional birthstone for March. It is also the anniversary gem for the 19th year of marriage. Aquamarine is found mainly in Brazil, Nigeria, and Zambia.
The ideal color of aquamarine is a refreshing sea blue. If you are looking for a big, durable gemstone, aqua is readily available in larger sizes and is truly dramatic when cut in rectangular or oval shapes. It is a member of the important beryl family, which also includes emerald.
Derived from the Latin meaning “sea water,” aquamarine was said to aid seafarers; thus it makes an excellent gift for sailors or those who travel frequently by sea. To dream of aquamarine signifies the making of new friends. To wear aquamarine brings love and affection. They are thought to give the wearers knowledge, foresight and assist in an individual’s inspiration. It is a universal symbol of youth, fidelity, hope, and health.

Amethyst: February’s Gemstone

Amethyst is the birth stone for February and the anniversary gemstone for sixth year of marriage. It is found mainly in Brazil, Uruguay, Sri Lanka, the Ural Mountains of Russia, Madagascar, and Zambia.
Amethyst is a variety of quartz, ideally deep medium purple with rose colored flashes, however it ranges from pale lilac to nearly black purple shades.
The ancient Greeks believed that whoever wore an amethyst or drank from an amethyst chalice would not fall victim to intoxication. It is also said to have a sobering effect on those over excited by love’s passion. It has symbolized peace, protection and tranquility. Some say it will prevent baldness and improve complexion, while protecting from treason and deceit. Because royalty has always adored the color purple, amethysts abound in the ornaments of ancient Greeks and Egyptians, and in the British Crown Jewels.

Garnet: January’s Gemstone

Garnet is the birth stone for month of January and the anniversary gemstone for second year of marriage. Garnets are found in Brazil, Madagascar, Sri Lanka, India, Siberia, Africa, and the USA.
Nearly everyone thinks of garnet as a red gem. In fact, this family of gemstones is available in all colors except blue. Garnets offer enough variety in appearance to suite every taste.
There are many ancient traditions and legends about garnets. Some Hebrew writers include it as one of the 12 gems in Aaron’s breastplate. Christian tradition long considered the blood red garnet symbolic of Christ’s sacrifice. The Koran holds that it illuminates the Fourth Heaven of the Moslems. Garnet was said to give its guidance in the night allowing him to see when others couldn’t. Legend claims that Noah hung a large garnet in the ark for illumination. According to the Egyptians, garnet is an antidote for snake bite and food poisoning.