1-800 Loose Diamonds, Jewelry Education »

[9 Jun 2014 | No Comment | ]

Sales at both the Hong Kong and Macau locations reported a 9 percent decline from the previous year. It should be noted that group sales rose 22% in the fourth quarter, slowing from a 26 percent increase. Strong retail jewelry and diamond sales have been reported from their mainland China headquarters.

1-800 Loose Diamonds, Jewelry Education »

[6 Jun 2014 | No Comment | ]

Goldberg says, “it’s been a bit quieter because of the turmoil going on with Russia.” Noting that Russian buying has declined since the trouble began. President of Fischer Diamonds Inc., a diamond manufacturer in New York City said, “if the hotheads in Washington were to invoke serious sanctions on Russian products or put obstacles in place for Russian goods than the compliance machinery starts to come into play, adding complications an already complicated business.”

1-800 Loose Diamonds, Jewelry Education »

[2 Jun 2014 | No Comment | ]

President and chief executive officer (CEO), as well as general counsel of the Jewelers Vigilance Committee (JVC), Cecelia Gardner, explains “if you hold yourself to be an expert, you are legally responsible for the opinion you render.” She goes on to explain that sellers often times are willing to inflate value to conclude a deal or simply because gems and jewelry have emotional and historical value in addition to their intrinsic more, approximately 10 percent of complaints received at the Jewelers Vigilance Committee involved inflated or fraudulent appraisals.

1-800 Loose Diamonds, Jewelry Education »

[24 May 2014 | No Comment | ]

Following the diamond trade show, diamond trading on secondary wholesale market slightly slowed as dealers noted that demand for clean diamonds while decreased while demand for low end goods increased. Many dealers noted that they purchased lower quality goods because there is no need for certification while better quality diamonds require GIA certificates and therefore require more time for turnaround.

1-800 Loose Diamonds, Jewelry Education »

[9 May 2014 | No Comment | ]

The Jewelers Security Alliance also known as the JSA reported that the dollar losses from jewelry related crime increased 10.5 percent on the year to $66.5 million in 2013. In 2012, while there were more multimillion dollar losses during the year the total number of crimes were less at 8.1% or 1,414 reported cases.