Nice ice - Diamond jewelry still tops for retailers

source : nationaljewelernetwork.com
By Catherine Dayrit
May 04, 2010

Carla Amorim's "Champagne" ring in 18-karat yellow gold with 1.5 carats of diamonds; suggested retail price is $9,000. CarlaAmorim.com

New York--Despite widespread efforts to reduce inventory, there are some items that jewelers simply must keep in stock.

Diamond hoops and studs, as well as delicate pendants, are can't-go-wrong options for need-it-now customers, while trendy diamond charms and colored diamonds might catch the eye of customers seeking the unique.

Diamond jewelry continues to represent the largest category of sales among jewelry retailers, bar none, thanks in part to a marketing machine matched by no other jewelry category. Credit is also due to innovative new styles--who would have thought rough cuts and brown diamonds would become designer darlings?--offering a welcome retreat from the familiar. ...

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Sotheby's blue diamonds set another color record

source : nationaljewelernetwork.com
May 12, 2010

This 7.64-carat, cushion-shaped fancy intense blue diamond ring sold for $8.03 million, or $1.05 million per carat, Tuesday at Sotheby's in Geneva.

Geneva--Two blue diamonds broke records Tuesday in Geneva at Sotheby's "Spring Sales of Magnificent and Noble Jewels" in yet another display of the strength of natural colored diamonds at auctions worldwide.

In what Sotheby's terms the "standout moment of the day," a 7.64-carat, cushion-shaped fancy intense blue diamond mounted in a ring sold for $8.03 million, or $1.05 million per carat, following fierce competition from three buyers. According to a news release from Sotheby's, the sale sets a new record per-carat price for a fancy intense blue diamond sold at auction. ...

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The bridal category remains solid as a rock

source :nationaljewelernetwork
By Michelle Graff
Nisan 12, 2010

Natural blue and pink diamond ring by Scarselli Diamonds, Scarselli.com. Blue was the second hottest natural color diamond choice (behind yellow), with 22 percent of the vote, while 7 percent picked pink.

While consumers may remain hesitant to splurge on fashion jewelry, nothing seems to stop them from falling in love and getting married, the results of National Jeweler's Product Panel on bridal jewelry show.

Nearly half (47 percent) of the retail jewelers who took the survey reported that their loose diamond, diamond engagement ring and wedding band sales have increased over the last three years, while 36 percent said they have remained steady.

As the economy continues to bounce back, bridal will no doubt remain central to any jewelry store's success, as retailers find creative ways to adjust to a post-recession world and continued Internet interference. ...

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Historic stones rule the day at Christie's

source : nationaljewelernetwork.com
April 23, 2010

Legend has it that the Archduke Maximilian, who once ruled as emperor of Mexico at the urging of Napoleon III, had the Emperor Maximilian Diamond in a pouch around his neck when he was executed by a firing squad. The 39.55-carat cushion-cut stone sold for $1.76 million at Christie's on Thursday.

New York--Two stones with colorful histories sold above their estimates Thursday at Christie's "Jewels: the New York Sale."

According to a news release issued by the auction house, a private U.S. buyer paid $1.76 million for the 39.55-carat, I color Emperor Maximilian Diamond, which was estimated to fetch between $1 million and $1.5 million.

The cushion-cut stone has a long and interesting history, having once been owned by the Archduke Maximilian, who ruled as emperor of Mexico at the insistence of Napoleon III but was later executed. It is believed that he was wearing the diamond around his neck when he faced the firing squad.

After passing through a number of owners, the stone fell into the hands of diamantaire Laurence Graff, who bought it at Christie's in 1982 and sold it to Imelda Marcos, widow of former Philippine President Ferdinand Marcos. ...

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Red-hot diamond on block at Sotheby's Australia

source : nationaljewelernetwork.com
April 01, 2010

The 0.82-carat center stone of this ring will mark the first red diamond to be offered for public auction in Australia. The ring is estimated at as much as $921,556 and also features fancy blue diamonds and brilliant-cut colorless diamonds set in platinum.

Sydney, Australia--Sotheby's Australia's upcoming April 12 sale of antique and contemporary jewelry will be a significant one for the auction house. The event will mark the Australian branch's first standalone jewelry sale, with the highlight slated to be the first red diamond ever offered for public auction in Australia.

The 0.82-carat, fancy purplish-red Argyle diamond is set into a ring and is flanked by a pair of fancy blue diamonds in a round brilliant-cut diamond surround, all mounted in platinum. Its value is estimated at between 700,000 and 1 million Australian dollars (between about $645,065 and $921,556) and will be accompanied by a letter from Argyle Diamonds attesting to its rarity.

Sotheby's said in a media release that despite the notable discovery of the Argyle pink diamond deposits in Western Australia, less than a handful of red diamonds have been discovered, and connoisseurs have long considered red diamonds to be among the most precious and rare of diamonds.

The April 12 sale will offer even more superb examples of colored stones, including a double strand of graduated emerald beads accented with diamond-set rondelles (estimated between $9,676 and $11,519), a sapphire and diamond ring (estimated between $23,034 and $32,248) and an emerald and diamond ring (estimated between $64,497 and $82,907). ...

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By choice or not, jewelers fall off brand-wagon

source : nationaljewelernetwork.com
By Michelle Graff
April 15, 2010

Hearts on Fire says it is renewing its focus on bridal pieces, like this "Beloved" ring, featuring a 0.75-carat center stone and 0.37- to 0.47-carat side stones; setting retails for $2,650.

New York--In a month known for hearts and cupid's arrows, some of the industry's biggest brands weren't showing recession-battered retailers any love.

In February, both diamond company Hearts on Fire and the Richemont Group-owned Cartier acknowledged they were severing ties with under-performing retailers, and both cited essentially the same reason: They wanted to maximize their brand's potential by partnering only with those retailers who really know how to push their product.

Stories detailing these divorces blew up online at NationalJeweler.com, remaining on the site's top-viewed list for weeks. But was the frenzy whipped up by the jewelers directly impacted or by the love-hate relationship jewelers often harbor when it comes to their favorite brands? Longtime retailers and industry observers suggest the latter. ...

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De Beers' 'Millenium Blue' sells for $6 million

April 08, 2010

Hong Kong--A 5.16-carat fancy vivid blue diamond, once part of De Beers' Millennium Jewels Collection, sold for $6.4 million at Sotheby's Hong Kong on Wednesday, as diamonds continued to show strength in the auction market.

According to a news release from the auction house, Moussaieff of London emerged as the winning bidder for the pear-shaped diamond, which sold for well over its estimated sale price of $4.1 million to $5.1 million following "intense" bidding.

The sought-after stone was once one of the 11 blue diamonds in the Millennium Jewels Collection, a group of rare diamonds selected by Andrew Coxon, president of the De Beers Institute of Diamonds, to mark the turn of the millennium.

Wednesday's sale of the 5.16-carat millennium blue marks the first time one of these stones has been put up for sale since the diamonds were placed with private collectors in 2000.

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Celebrity Diamond Engagement Rings run the Gamut

Posted By Leanne in Celebrty News

If you are looking for flashy engagement rings you need look no further than Hollywood. Celebrities have somewhat of a reputation when it comes to sporting extremely large and flashy engagement rings. While a one or two carat diamond engagement ring might seem like a lavish ring to the girl next door, nothing less than a three carat diamond engagement ring will do for many celebrities. Multi-carat diamond engagement rings in elaborate settings are definitely ‘in’ when you have photogs trailing behind you and trying to snap pictures of every second of your day.

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In Pictures: America's Most Popular Diamond Cuts

Round

With one out of every three diamonds sold in the U.S. being a classic round brilliant diamond, this cut is far and away the most popular.

Scarlett Johansson and singer Fergie both sport classic rounds.
Princess

The princess diamond was created in 1980 but has catapulted into massive popularity, making it the second-most popular diamond cut in the U.S. Diamond analyst Kenneth Gassman estimates that princess cut diamonds make up approximately 13% to 20% of diamond sales.

Freddie Prinze Jr. proposed to Sarah Michelle Gellar with a princess cut.

Emerald

The third-most popular cut has long clear "step cuts," which emphasize the diamond's clarity and gives it a more subtle appearance than the "brilliant" cuts of most diamonds.

Nick Cannon proposed to Mariah Carey with a reported $2.5 million emerald-cut diamond.

Pear Shape

The pear shape, the fifth-most popular diamond, is also called a "tear drop" for its single point and rounded end.

The most famous pear-shaped diamond has to be the 69-carat pear-shaped diamond given to Elizabeth Taylor by her fifth and sixth husband Richard Burton. Taylor wore the Taylor-Burton diamond in a necklace.


Asscher

The Asscher cut has been around for a century but soared in popularity, especially in Hollywood, after being featured in an episode of Sex and the City in which nice-guy Aidan proposed to protagonist Carrie Bradshaw.

Kate Hudson and Elizabeth Hurley were both given Asscher cuts by their soon-to-be husbands.

Source: Kenneth Gassman, The Diamond Source of Virginia, Blue Nile.
source : http://forbeslife.nl/2009/04/17/engagement-weddings-diamonds-forbes-woman-style-retail_slide.html?partner=contextstory