Last Week's Hits
Most notable stories from last week were…
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1.) Laboratory Color Nomenclature in Question
Is it Gem Science or Marketing?
“Describing Color: A Fool’s Guide,” a GemGuide feature story authored by Richard Hughes, Lotus Gemology, questions the non-gemological name calling by many of the professional gemological laboratories. An excellent read!
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2.) Appraising Man-made Diamonds
as values continue towards the bottom.
This Roskin Gem News Report feature certainly struck a nerve, especially for those who deal with Chubb insurance!
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3.) Greenwashing – a recommendation
A thoughtful approach to the greenwashing problem. “We are buried in catchwords like responsible, ethical, sustainable, and traceable." AGTA and its members are doing something about it.
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Many thanks to our May Madness Sponsors
A G Color
the MVEye
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Gary Bowersox
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Rui Galopim de Carvalho
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The Accredited Gemologists Association
& The Canadian Gemmological Association
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Now On To This Week's News!
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A Gem Mining Region Crisis
What Cyclone Freddy left behind: complete devastation.
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Tropical Cyclone Freddy was an exceptionally long-lived, powerful, and deadly storm. It began near Australia’s west coast, in the first week of February, travelled west across the southern Indian Ocean for more than five weeks, and then made landfall when it reached Madagascar.
Freddy first hit near Mananjary, Madagascar. Still traveling west, the storm rapidly weakened as it made its way overland, but regained its strength in the Mozambique Channel. Shortly afterward, Freddy made second landfall just south of Vilankulos, Mozambique, before rapidly weakening again.
Unexpectedly, the storm system managed to survive its visit in Mozambique and emerged back over the channel on March 1st. Soon afterwards, and continuing to gain strength again, Freddy was re-classified as a tropical cyclone. Over the course of the next 10 days, Freddy rapidly intensified and eventually hovered near Quelimane, Mozambique.
Then, as if it hadn’t done enough, it moved further inland, northwest, towards Malawi.
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The Horten Auction Results!
It was as advertised...
The most important private jewel collection sale of all time!
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Record Broken!
The anticipated auction results of $150 million for the private collection of Heidi Horten, Christie’s Geneva, has already been topped, and the second day of the auction is Friday!
Promoted as an “unparalleled jewellery collection,” and estimated to over take the record set by the private collection of Elizabeth Taylor, Christie’s 2011, at $116 million, this collection has already lived up to its potential.
Lot #96
Topping the price paid on Day 1, Lot #96, the ‘The Sunrise Ruby’ a sensational Cartier ruby and diamond ring, estimated value between 14 and 18 million CHF, sold for USD$14,681,130 (13,055,000 CHF), 7% below the low estimate (USD$15,744,582)
Even though it did not make the minimum estimated bid, do not be disappointed in the ring. This really is a magnificent gem, a Burmese Ruby, no evidence of heat treatment to enhance its color, and 25.59 carats.
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Doubling the high estimate, in second place for the highest price paid, Lot #43, the Fancy Intense Pink emerald-cut diamond, 6.99 carats, accented by baguette-cut diamonds, set in platinum, that sold for USD$10,284,604 (9,145,000 CHF).
This collection is full of pink diamonds. Here we have a 6.99 carats, VVS1 Potentially Internally Flawless, emerald cut, graded Fancy Intense ” Pink. Straight pink – no modifier.
6.99 carats? I would assume that the cutter was working to get an Internally Flawless at 7.00 carats but couldn’t quite make it. So now that weight is already below 7 carats, and not really a stopping point, why not re-polish and go for the Internally Flawless. Or are you one to say, “leave it as is, as I will be wearing it and may accidentally bruise it.”
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Contact: Gary W. Bowersox
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THEY JUST KEEP GETTING BIGGER AND BIGGER
Manmade diamonds are going to continue to get larger and larger every year. This year, GIA has examined a 34 carat emerald cut manmade diamond, created using CVD technology.
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The Rise of Jewellery Connoisseurs in Asia |
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Connoisseurs are deemed experts in a particular subject – be it art, music, wine or food. Driven by deep interest and passion, they develop skills carefully honed for many years to best comprehend the intricacies of a specific creative field. Connoisseurship also plays a critical role in the fine jewellery world, with the movement gaining further traction in Asia as evidenced by the growing participation of Asian bidders in major jewellery auctions.
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GIA Adds “Peacock” Color Range
Comment to All Pearl Reports
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Press Release
CARLSBAD, Calif. – May 2, 2023 – GIA (Gemological Institute of America) is adding a report comment employing the trade color term “Peacock” for designated colors of cultured pearls from the Pinctada margaritifera black-lipped pearl oyster, commonly known as Tahitian pearls.
GIA’s industry analysis yielded the identification of the color range that was commonly agreed upon within the pearl trade as “peacock.” The general description of that color range is: a body color with a hue that contains green, of mid-to-strong saturation and mid-to-dark tone, and with moderate or stronger overtone (usually pink, but may be other hues) or orient.
When a pearl, strand or jewelry item meets the carefully defined color parameters for ‘Peacock,’ a comment that states: This pearl is often referred to as a “Tahitian” cultured pearl in the trade, and it falls into the select color range that is known as “peacock” (or a variation thereof) will be added to any GIA pearl report.
“This change comes about after a year of researching the historical and current use of the color term ‘Peacock,’ as well as considered industry feedback,” said Tom Moses, executive vice president and chief laboratory and research officer. “Based on our industry findings and GIA’s mission to educate consumers to make informed purchasing decisions, adding this descriptive trade-term to report better serves consumers.”
There will be no additional fee for this change.
Although GIA is best known for creating the 4Cs and the GIA International Diamond Grading System™, it has been a leader in the identification and classification of natural and cultured pearls since 1949. GIA has contributed to revising the U.S. Federal Trade Commission’s pearl guidelines for the jewelry industry and is responsible for working with major pearl companies globally to develop comprehensive standards for describing pearls. These standards are the GIA 7 Pearl Value Factors™: Size, Shape, Color, Nacre, Luster, Surface and Matching.
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The Nigerian Minister of Mines and Steel Development, Arc. Olamilekan Adegbite has hinted that the creation of a gemstone market will ensure the diversification of the National Economic base of Nigeria.
The Minister gave this hint at the commissioning of the Ultramodern International Gemstone Market Ojoo, Akinyele Local Government Area Ibadan, Oyo State on Thursday 4th May 2023.
The Minister in a statement made available to newsmen in Abuja by Funmi Imuetinyan, Head Press Department pointed out that Ministry of Mines and Steel Development had designed six strategic ASM Cluster Projects in the six geopolitical zones as a means to harness the potentials of the over three million Artisanal and Small Scale Mining operators in the country, and the creation of International Gemstone Market in Ibadan for the Southwest Zone is one of such projects.
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Arc. Olamilekan Adegbite was also looking into illegal mining.
Read more here ...
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Illegal Mining: Nigeria Prioritises
Registration Of Artisanal Miners
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The Nigerian Ministry of Mines and Steel Development has stressed that biometric data capture for registered artisanal and small-scale miners will reduce the rate of illegal mining and smuggling in the country.
In a statement signed by the Head of Press Department, Funmi Imuetinyan, the Minister of Mines and Steel Development, Olamilekan Adegbite, said that the ministry has prioritised artisanal and small-scale mining operators to combat the persistent illegalities in the sector.
He said the Ministry of Mines and Steel, as a matter of strategy, initiated and supported biometric data capturing of all registered artisanal and small-scale miners across the country under the formalisation and mainstreaming of ASM operators.
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Princess of Wales Kate Middleton
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Princess of Wales wears Bahraini pearl earrings - natural pearls - for Coronation celebrations
Bahrain Institute for Pearls and Gemstones (Danat) too basked in glory during the coronation of King Charles III in the UK as the Princess of Wales Kate Middleton made her appearance wearing the Bahraini pearl drop earrings for the celebrations in preparation for the historic event, which is a continuation of a longstanding tradition among members of the British royal family.
This is not the first time the princess has donned the precious Bahraini earrings.
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First Look At Chopard’s 2023 High Jewels
To Be Unveiled At Cannes Film Festival
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Senior Contributor
Forbes.com
Chopard provided a peek at several of its high jewelry pieces that will grace the red carpet during the 12-day Cannes Film Festival, May 16 - 27.
Chopard first became a major sponsor of the event in 1998 and since then it has created a high jewelry piece for each year of the film festival’s existence. This is the 76th edition of the famed film festival so this means Chopard created 76 high jewels for its “Red Carpet Collection,” which is always a major highlight of the international and influential Cannes red carpet parade.
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Mining major Rio Tinto is marking the 20th anniversary of its Diavik diamond mine in Canada’s Northwest Territories. The mine, which was discovered during a mineral prospecting rush in the 1990s, has since produced over 140 million carats of rough diamonds through a combination of surface and underground mining. The majority of the diamonds mined are high-quality white gems, with less than 1% being yellow diamonds.
The Diavik diamond deposit lies beneath a frozen lake, requiring advanced technology and considerable effort to recover the precious stones from beneath the permafrost. Despite this challenge, the mine has managed to produce some of the world’s most renowned diamonds, known for their Canadian provenance, exceptional quality, and brilliant internal fire.
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The tennis necklace, long considered a country club status symbol, is in the midst of a cool girl rebrand. This is thanks in no small part to Meg Strachan and Dorsey, the lab-grown jewelry brand that she first launched in 2019. “We want to democratize beautiful jewelry,” she says. “We’ve been humbled by the response.”
Dorsey first popped up on my radar in early 2021 after a handful of fashion editor friends gleefully name-dropped the brand. A glittery tennis necklace or bracelet would catch my eye, and every compliment I laid received the same response: “Thanks, it’s from Dorsey.”
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Zimbabwean gemstone sculptors craft their sculptures by hand, working outdoors, and traditionally displaying their masterpieces in open-air sculpture parks where visitors can meander, observe, and purchase their wares. And now people in the Kingston area can experience a gemstone sculpture park too, without the trip to Zimbabwe.
Gillian Kupakuwana and William Suk and their two children are excited to open their gemstone sculpture garden, The Gunguo Art and History Farm, to the people of Kingston this month.
“I’m from Zimbabwe, ...
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Accredited Gemmological Association
AGA LAS VEGAS
CONFERENCE & RECEPTION
Thursday, June 01, 2023
Westin Las Vegas Hotel & Spa
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International Gemmological Research Industries
NCJV Conference
“Sourcing gems and diamonds”
Brisbane 30th June – 3rd July, 2023
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CIBJO Congress 2023
Jaipur, India
October 3rd - 5th
Registration for CIBJO Congress 2023 now open
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The Mirage, Las Vegas, Nevada, USA
– May 29 – June 1, 2023
Wynn, Las Vegas, Nevada, USA
– May 31 – June 3, 2023
Las Vegas, Nevada, USA
– May 31 – June 5, 2023
Las Vegas, Nevada, USA
– June 1-4, 2023
Las Vegas, Nevada, USA
– June 2-5, 2023
Hong Kong, China HKCEC
– June 22-25, 2023
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Thank you!
And thanks again to our May Madness advertisers!
We would certainly like more supporters!
Please tell your vendors we would like them to
support the report and advertise!😊
As always, stay informed and keep in touch. I'd like to know where you've been and what gems you've seen.
We will continue to post features on the website, so feel free to log on to the Roskin Gem News Magazine any time at www.RoskinGemNewsReport.com
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Want to contribute?
If you would like to contribute, or you have read something somewhere that you feel would be perfect to share with the community, then please feel free to contact me directly at Gary@RoskinGemNews.com
I will see you again SOON!
Stay safe and stay healthy!
Gary Roskin
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