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Good Time to Buy Natural Color Diamonds

It’s a good time to buy natural color diamonds. “The recent price declines in the white goods created an overall negative psychological effect on all diamonds. This is probably the reason we also witnessed a decline of 0.1% in the Fancy Color Index in Q2,” said Fancy Color Research Foundation (FCRF) advisory board member Eden Rachminov.

According to the FCRF, yellow diamonds displayed a decline of 0.8% vis-a-vis the 0.2% increase in the second quarter of 2018. The prices of yellow diamonds declined by 0.8% overall in this quarter, primarily influenced by the 1–3 cts. categories, with the sharpest downturn of 2.7% in the 1 ct. category.

Blue diamonds showed a 0.3% decrease in the second quarter of 2019 compared to a 1.5% increase in the same quarter in 2018. Blue diamond prices decreased overall by 0.3%, affected mainly by the decline of 0.9% in the weight category of 8–10 cts.

Only pink diamonds showed an upturn of 0.4% in the second quarter of 2019, compared to a 0.5% decrease in the same quarter in 2018. The pink category continued to outperform all other categories, showing an increase of 0.4%. All fancy vivid pinks rose by 1.3%, with fancy vivid pinks of 2 and 3 cts. showing a rise in the second quarter of 2019, increasing by 2.8% and 2.6%, respectively.

Despite the temporary psychological negative effect at the moment, the long-term price trend for natural color diamonds looks positive. According to research by Knight Frank, within the last 10 years, the price of colored diamonds went up by 85%, outperforming some “classical” luxury investment objects such as art and watches. “It’s definitely a good time to buy colored diamonds now,” says Rachminov.

One of the opportunities to buy is the upcoming True Colors auction by Alrosa, the worlds’ largest diamond miner. The diamonds will be available for viewing during the September Hong Kong Jewelry & Gem Fair (Sept. 16–20). For the first time, the auction will be conducted via the Alrosa online platform, diamonds.alrosa.ru. The first True Colors auction was conducted in 2018. It finished with a total sale of 210 diamonds. The bidding was very active, and most of the lots were sold for well above their starting prices.

At this year’s auction, Alrosa is offering a comprehensive origin story for every stone for the first time. Thanks to Alrosa’s traceability programs, the consumers can witness the diamonds’ fascinating journey from mine and market. “With a closed production cycle, the company can guarantee the origin of every polished diamond, especially since it has its own unique ID,” revealed the miner.

This year, the collection includes about 200 polished diamonds of various shapes and colors, and all have GIA certificates. Each of them is a masterpiece of diamond production created by skillful professionals who put their hearts into their work, keep the traditions, and know what a real Russian cut is (Russian cut describes both the origin of the diamond and the location where it was cut).

Alrosa operates its own in-house cutting and polishing branch, Diamonds of Alrosa. Beginning in 2018, it concentrated on fancy color and unique diamonds. Alrosa’s goal is to become the leader in the natural color diamonds market. Being the largest miner, Alrosa aims to be the largest producer of natural color diamonds by volume.

Article Provided By: JKC

Gold, Jewelry, Fine Jewelry, Watch, Bracelet, Necklace, Jewelry Stores, Geiss and Sons, Greenville, South Carolina

Citigroup Sees Gold Heading to $2,000

The second gold rush may just be getting started, with a Citigroup report released today predicting that the yellow metal will cross the $2,000 an ounce mark within the next year or two.

That would be a new record. Gold’s previous high was in August 2011, when the price hit $1,917 an ounce.

Citigroup senior analyst Aakash Doshi tells JCK that the rise will be fueled by a combination of factors, including global economic uncertainty and historically low interest rates.

“We think there is a probability the Fed will take the policy rate back down to zero, as global central banks converge,” he says. “We think that recession risks, which are exacerbated by the U.S.-China trade war, are far from resolving. We believe that trade tensions will persist through 2020 and that the recession risks will likely increase.”

All of which will cause investors to look for safe haven assets, he says, and gold has traditionally filled that niche.

The environment is “bullish to the investor case for gold in the long run,” he adds, noting he’s been bullish on the metal since January.

He adds that central banks have also increased their gold purchases since the beginning of the year.

Doshi says certain events could send the price of the yellow metal in the opposite direction, including a “surprise trade deal,” a sudden increase in worldwide manufacturing, as well as a “sudden hawkish turn” from the Federal Reserve and other central banks.

At press time, gold was trading at $1,496 an ounce, below the $1,500 an ounce mark it hit last month.

All in all, though, gold has had an impressive year so far, rising 17%—its best year since 2010. Doshi notes that at the beginning of the year he predicted gold would hit $1,400 within six months—and it has. He expects gold to stay under the $1,500 mark for the next few weeks before starting to climb again.

Article Provided By: JCK

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HISTORY AND MEANING OF APRIL’S BIRTHSTONE!

April babies get one of the most popular and most precious gemstones as their birthstone: the diamond.

The diamond is the traditional birthstone of April and holds significant meaning for those born in that month, thought to provide the wearer with better relationships and an increase in inner strength. Wearing diamonds is purported to bring other benefits such as balance, clarity and abundance. diamond jewelry is an ideal gift for a loved one born in April. As the gemstone with the highest rating on Mohs Hardness Scale, with a score of 10, diamonds have the unique ability to be cut and polished with the utmost brilliance. Their incredible shine and luster have captivated wearers for centuries. diamond add light and beauty to any occasion—especially birthdays!

HISTORY AND MEANING OF APRIL’S BIRTHSTONE: diamonds are billions of years old—in some cases more than three billion years old. There is evidence that diamonds were being collected and traded in India as early as the fourth century BC. In the first century AD, the Roman naturalist Pliny is quoted as having said, “diamond is the most valuable, not only of precious stones, but of all things in this world.” During the Middle Ages diamonds were thought to have healing properties able to cure ailments ranging from fatigue to mental illness. diamonds are the traditional birthstones for those born in April. However, it’s no surprise that diamonds are known as the “love” stone. The ancient Romans believed that Cupid’s arrows were tipped with diamonds (perhaps the earliest association between diamonds and romantic love). It is believed by some that diamonds enhance the longevity and honesty of relationships. Since they are the strongest of the precious gems, they are also thought to increase the wearer’s strength. Many ancient cultures believed that diamonds gave the wearer strength and courage during battle, and some kings wore diamonds on their armor as they rode into battle.

Round cut diamonds on black.

A blue diamond on a black background with reflection. 

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So what makes emerald cut one of a kind?

So what makes emerald cut one of a kind?

Emerald cut is a distinctive step cut that plays with light and creates hall of mirror effect. The exquisite long facets and short corners showcase dramatic flashes of light and highlight the smooth luster and pristine clarity of the diamond or the gemstone. However, this type of cut is not for people looking out for sparkling brilliance and fire that is common with other diamond cuts and shapes. It is more about crystal clarity and depth of its planes, which makes any imperfections and flaws easily visible to the naked eye.

Fine Jewelry, Jewelry, Roberto Coin, David Yurman, Tirisi Moda, Breitling, Raymond Weil, Leo Pizzo, Chimento, Rembrandt Charms, Benchmark, Sylvie, Ponte Vecchio, Mont Blanc, Wolf 1834

Our Prayers

With near-hurricane force winds lashing the Florida Keys, the Miami-based National Hurricane Center (NHC) warned that “Irma is forecast to restrengthen” as it approaches mainland Florida. Hurricane Irma has hit the Keys with a Cat. 4 Storm on September 10th, destroying homes and, knocking out power to more than 6.8 million people. There was an order of 6.3 million people to evacuate the southeastern coastal regions, at least 25 people have died from this storm. The damage estimate from the Irma is up to $100 billion according to data modeling firm Enki Research, more than the last hurricanes that have hit the Flordia coastline.

The Red Cross is providing relief in Flordia which has been affected by Hurricane Irma. Supplies include: Food, Water, hygiene supplies, and other relief items. Geiss & Sons Jewelers Greenville would like to ask our friends to pray with us for those affected by Hurricane Irma. Please know you and your families are in our thoughts. Remember to donate to the Red Cross to aid all those affected by the hurricane.