October 7, 2009

AGTA Announces 2010 Election Results
The American Gem Trade Association (AGTA) announced the results of the 2010 AGTA Board of Directors elections. Peter Bazar of Imperial-Deltah, Inc., Sushil Goyal of Liberty Gems, Inc., and Cynthia Renee Zava of Cynthia Renee, Co. were all elected to three-year terms as Directors. These terms will take effect at the 2010 AGTA Membership Meeting at GemFair Tucson. More

Opal: October's birthstone
The Deleuse Jewelers Blog
The fiery flash of colors in the gemstone opal has been revered since ancient times. Shakespeare referred to opal as "the queen of gems" in Twelfth Night. Sir Walter Scott wrote the novel Anne of Geierstein, in which the opal was worn by a beautiful woman who believed that her moods and luck were affected by her opals, obviously blaming the opal for her ill fortune.More

Jewelry explodes on the Paris catwalks
Jewelry Insider Blog
Jewelry hounds, we've got ourselves another jaw-dropping bling display courtesy of Paris Fashion Week. Last year, Christian Lacroix blew our minds with his Alice in Wonderland-inspired runway jewels. And this year? The torch has successfully been passed to Lanvin.More

Famed Hope diamond bares all
Color N Ice Blog
Few ladies past the age of twenty five would deign to bare all against the glare of an unforgiving camera lens. Being more like 350 years old makes it completely out of the question. But one such aged natural beauty has done just that, to throngs of admirers who claim she's as stunning as the day she was...cut?More

'Gem of Tanzania' revealed as fake
New Straits Times
The "Gem of Tanzania," once valued the key asset of a British construction company, has proved to be little more than an unusual paperweight. Once thought to be one of the most expensive rubies in the world, the 4.6 pound purple rock was listed in the assets of now collapsed Wrekin Construction Company. But after examination by experts on behalf of administrators Ernst & Young, the stone was "not thought to be of sufficient gem quality" to cut.More

Bonham's London sale garners $3 million
Diamonds and colored stones performed well at Bonham's fine jewelry auction, held in London on Sept. 23, 2009. The sale garnered a total of $3 million, with 77 percent sold by lot. The top lots included an art deco aquamarine, sapphire and diamond sautoir by Cartier and an 8.23-carat, round brilliant-cut diamond single-stone ring.More

FTC to enforce Red Flags Rule Nov. 1
Effective November 1, 2009, the federal Red Flags Rule will require jewelry businesses that extend credit to implement a written identity theft prevention program. The goal of such a program is to prevent thieves from stealing identity information for fraudulent purposes and to detect and prevent efforts to steal identity data in order to perpetrate identity theft. Effective immediately, jewelers can pre-order JVC's Red Flags Rule Compliance Kit on CD, sponsored by GE Money.More

GIA open house
The Gemological Institute of America (GIA) will open its doors for its free, annual Jewelry Career Fair and Open House, an all-day event running on Friday, October 16. This is one of the few times when visitors can see the GIA's museum without having to pre-arrange a visit. For those interested in education, classroom demonstrations will be held throughout the day so visitors can learn more about gemological education when they tour the institute. More