Last updateWed, 18 Oct 2017 12am

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Granddaughter sues jeweler, company and family for negligence in jewelry store murder

murder eA granddaughter of South Carolina jeweler Ivo Colucci has filed a lawsuit accusing him, his company, and other family members of negligence, after authorities say Colucci shot his wife to death in front of the girl inside the family’s North Chalreston store in April.

Millennials reject diamonds? Prepare to start hearing a new story


Almost exactly a year ago, The Economist tweeted a story about the Lesedi La Rona failing to sell at auction with a baiting question: "Why aren’t millennials buying diamonds?" Now, to be clear, the Lesedi La Rona, an 1,109-carat rough stone with a predicted price tag of $70 million, didn’t fail to sell because it couldn’t attract an eager millennial buyer. Diamonds that large and that rare tend to go to international collectors on the level of Laurence Graff or moneyed Middle Eastern princes – not, as that tweet might suggest, lovesick American twenty-something’s.

Jewelers Mutual lists 5 types of jewelry store thefts and how to prevent them

Jewelry theft holding jewelry

When you see a news story about jewelry crime, it usually features a brazen attack like a smash-and-grab robbery or rooftop burglary. While these crimes are newsworthy for the general public, jewelers shouldn't overlook small-scale thefts that continue to plague the jewelry industry, too.

Year after year, the number of these types of thefts reported to the Jewelers’ Security Alliance remains staggering. Each incident may represent a small dollar amount when compared to other types of crimes, but they can add up fast. If you don’t know what type of criminal behavior to be on the lookout for, these crimes will continue to nickel-and-dime (speaking extremely loosely) the industry a few pieces of jewelry at a time.

Stuller, Inc. ensures diamond integrity

Stuller ZaleSupplier adds additional multi-step screening processes

(LAFAYETTE, La.) - With the rise of lab-grown (synthetic) diamonds, Stuller continues to implement strict screening processes to ensure quality and integrity.

“The introduction and rise of lab-grown diamonds makes reliability and trust more important than ever,” says Stanley Zale, vice president of diamonds and gemstones. “We started introducing more screening steps through the use of machines like the De Beers Automated Melee Screening Device for stones we bring in-house. Now, not only have we added more technology for even better screening, but we’ve also made that technology available for our customers to use in their stores.”

This year alone, Stuller will add these new and improved screening devices to its newly establish Diamond Lab:

  • The De Beers Automated Melee Screening Device 2, which provides an increased processing capacity of 3,600 diamonds per hour
  • Three advanced analytical spectrometers - Raman & PL, FTIR, and UV-Vis-NIR
  • The De Beers’ PhosView®, a self-contained screening device
  • The portable D-Screen machine from HRD Laboratories
  • The Presidium® screener

“This cutting edge technology coupled with many years of experience has evolved our first ever diamond-screening laboratory - a one-of-a-kind center solely focused on ensuring diamond integrity,” continues Zale. “We don’t tolerate undisclosed lab-grown diamonds in our inventory. For added security, we further require our vendors to screen all diamonds for lab-grown. Random samples of stones are also periodically sent out to leading laboratories to check for synthetics.”

And if jewelers are interested in the tools needed to test diamonds in their stores, Stuller offers more than 15 different testing machines in all price ranges.

Stuller Presidium Stuller Phosview

To learn more about Stuller’s diamond screening process visit Stuller.com/AboutDiamonds or to see their selection of diamond screening tools visit Stuller.com/tools.



Diamond encrusted Hermes handbag sells for $377,000

Luxury buyers definitely have a thing for diamond-encrusted Hermes bags. 

A matte white Himalaya Niloticus crocodile diamond Birkin 30 handbag was sold last Wednesday in Hong Kong for over $377,000, making it the most expensive handbag ever sold at auction.

Christie's said the Hermes bag, which boasts 18 karat white gold and diamond hardware, was purchased by an unidentified buyer after 15 minutes of "intense" bidding.

Diamond encrusted Hermes handbag