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AGTA ePrism
April 1, 2009
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Pantone Fall Color Forecast Released
from Pantone
Subtle contrasts, like those found in a painter’s masterpiece, make up the diverse color palette for fall 2009. Designers play with a broad spectrum of unique color combinations this season, resulting in distinct, yet cohesive color palettes. More

A. Kleiman and Company

Sotheby’s to Sell Rare 7 Carat Blue Diamond
from Rapaport
Sotheby’s will auction an important and rare fancy vivid blue diamond from the Cullinan Mine at its upcoming Geneva Magnificent Jewels sale in May. The 7.03-carat diamond was cut from a 26.58-carat rough stone mined by Petra Diamonds at Cullinan in South Africa. The diamond is graded as fancy vivid blue and internally flawless. Sotheby's pre-sale estimate for the diamond is $5.8 million to $8.5 million. More

Luxury Goods Makers Embrace Sustainability
from The New York Times
To many people, “sustainable luxury” is a term that might best be found in the dictionary under the entry for oxymoron, right alongside “postal service” and “military intelligence.” After all, luxury often carries with it connotations of excess and waste, and it is associated with fashion, an industry prone to fads that change at least as quickly as the seasons. But leading industry executives say that they are trying to change the image of the luxury goods business by embracing new environmental and labor standards. The motivation for this shift is not entirely altruistic. More

ABC to Air Blood Diamond Mini-Series
from IDEX
A couple of years after the release of the Blood Diamond movie, U.S. television network ABC will, in late May, air a four-hour mini-series titled Diamonds about the "personal and political effects of the blood diamond trade on a global scale." Actress Judy Davis stars as a U.S. senator who travels to Africa to find out why her daughter was killed at a diamond mine in Sierra Leone, Hollywood trade paper Variety reported. Alchemy TV, which is producing the program, described the plot as "following a trail of greed and obsession." The mini-series traces the "international web that brings us diamonds." More

Kimberly Collins Colored Gems

New York Decides Against Luxury Tax Proposal
from Luxist
It's looking like New York will follow fast on the heels of Illinois in deciding not to add a luxury tax for jewelry over $20,000. The American Watch Association sent an e-mail to members on Monday saying that while the New York State Legislature has agreed to tax increases to deal with a budget deficit, the luxury tax proposal is not part of it. The luxury tax would have also applied to aircraft costing more than $500,000, yachts over $200,000, cars that cost more than $60,000 and furs over $20,000. More

Bargain Hunters Trickle Through Basel Show
from Rapaport
Exhibitors were relieved to report a relative spike in traffic at the BaselWorld Watch and Jewellery Show on Sunday, after the first few days brought disappointing results. Reports from the event indicated mixed results for dealers so far. While there are serious buyers attending the event, they are asking for large discounts on goods, which some cash-strapped dealers have been willing to accept in the weak economic environment. The jewelry segment was much stronger than the market for loose stones, which indicated less wholesale-to-wholesale business activity this year. More

   Featured Article:
  Branded Gemstones

A recent appraisal assignment on a “branded” loose gemstone, developed into a challenge in determining a fair wholesale and retail price. In this particular case, the client had been to a jeweler that undervalued the gem because a trademark was not considered. The assignment also raised the interesting discussion regarding the branding of loose gemstones. We are very aware of trademarked and branded jewelry, but when it comes to gems, can you brand a colored gemstone and if so, how would it be valued? More Info

Gemfields Builds Emerald Inventory, Expects to Start Sales in Second Quarter
from Rapaport
Gemfields Plc reported in its interim results that production of emerald and beryl gemstones during the six months that ended December 31, 2008, averaged 2.4 million carats per month or a total of 14.7 million carats. Emerald sales totaled only $344,000, as Gemfields favored a policy of building its inventory levels. More

Ban On Bling Could Cost Businesses Big Bucks
from BusinessWire
Unless Congress acts quickly, the world’s toughest prohibition on lead in consumer products could cost the U.S. thousands of jobs and millions of dollars say those familiar with the new restrictions. Not to mention taking the sparkle out of kids’ costumes, accessories, clothing and more - think Halloween with no tiaras for princesses or jewels in pirate loot. But the nightmare begins with job losses and warehouses that will have to destroy millions in inventory. More

Jewelers Mutual Insurance

A.B.C. Gems

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