04222019Mon
Last updateTue, 16 Apr 2019 9pm

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FCRF study projects most top diamond mines will close within one generation

Fancy color prices will rise as supply wanes

(NEW YORK) - According to new research published by the Fancy Color Research Foundation (FCRF), one of the most overlooked facts concerning the diamond industry is that the world’s diamond mines are rapidly depleting. Within a quarter of a century the majority of the 45 most notable diamond mines operating today will cease to exist, and the last diamond will be unearthed in 60 years.

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Are you ready for a data breach?

Berkley Asset Protection announces expanded Cyber Coverage

(NEW YORK) - If a hacker stole credit card data from your business, would you have insurance to pay fines and ransom demands, notify customers and provide ID theft services? Even if you use a point-of-sale vendor to process your credit card transactions, your business may be responsible for the protected information.

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GIA scholarship applications accepted through March

GIAOffering $2 million in scholarships for 2019

(CARLSBAD, Calif.) - Aspiring gem and jewelry professionals interested in GIA (Gemological Institute of America) gemology and jewelry manufacturing arts programs, distance education courses and lab classes can now apply for 2019 scholarships. GIA is offering $2 million in scholarships funded by the GIA Endowment Fund and private donors for 2019.

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ASHI announces winner of 2018 Holiday Sweepstakes

Next up - 2019 Valentine’s Sweepstakes

(NEW YORK) - ASHI Diamonds announced the winner of their 2018 Holiday Sweepstakes. Among all the retailers that participated in the Sweepstakes, Crocker’s Fine Jewelry from Texarkana, Texas had the highest number of participant entries and the winner was randomly selected from their customer participation list. 

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New treatment with sapphires requires additional disclosure

Sapphire, as well as most colored gemstones today are routinely treated to improve their appearance and increase their salability. Simple heat application, often called ‘cooking’ is an ancient method of enhancing colored stones. Depending on the stone itself, other forms of enhancement may be applied. Diffusion heats sapphires at a high temperature and adds certain elements to complete the process. But another process has been revealed in the global market and it warrants a separate identification and disclosure to both merchants and the end users.

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