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53M Americans to Buy Diamonds Between Thanksgiving and Valentine’s Day

The Diamond Producers Association released a new survey.

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NEW YORK — More than 53 million Americans — 21 percent — plan to purchase a diamond between Thanksgiving and Valentine’s Day, a new survey released by the Diamond Producers Association and KRC Research found.

Of Americans who plan to buy a diamond, more than 20 million plan to buy a diamond engagement ring.

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The survey found that there is confusion among diamond purchasers about the differences between natural diamonds and laboratory-created diamonds, including differences in value, rarity, physical growth structure and origin.

“Diamonds shine especially bright this year,” said gemologist and diamond expert Grant Mobley. “Consumers, especially Millennials, are seeking ways to share authentic, emotional and lasting symbols of love with the special people in their lives.”

According to a DPA press release, 44 percent of diamond purchasers “were unaware of the significant differences in value, rarity, physical growth structure and origin between natural diamonds and laboratory-created stones.”

However, according to DPA, 71 percent became more likely to buy a natural diamond over a laboratory-created diamond as they learned the differences.

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According to DPA, these are the key differences:

  • Natural diamonds are more valuable than laboratory-created diamonds.
  • Each natural diamond is rare because it is unique and authentic; laboratory-created diamonds are not rare because they can be made in unlimited quantities.
  • Natural diamonds can take millions or even billions of years to be created in the earth; laboratory-created diamonds are typically made in two weeks.
    Natural diamonds and laboratory-created diamonds have easily detectable differences in their physical growth structures.

The survey found that three-quarters (78 percent) of Americans are more likely to consider purchasing a natural diamond once they learn of the positive social, economic and wildlife conservation impacts of the diamond industry.

According to DPA, key facts that influence purchasing decisions include:

  • The diamond industry supports 10 million jobs around the world and contributes $8.4 billion a year to African economies.
  • Investments by the diamond industry protect vulnerable wildlife around the world, including thousands of caribou, grizzly bears and elephants.
  • 99.8 percent of diamonds on the market are certified conflict-free through the Kimberley Process.

Conducted Nov. 5-7 by KRC Research, the survey assessed a nationally representative population of over 1,000 U.S adults aged 18 and over.

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Newly Discovered Gemstone Is Harder Than Diamond

It’s been found on Earth for the first time.

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Shefa Yamim, a precious stone exploration company in Israel, has discovered a new mineral that is harder than diamond and which has never been found on Earth before.

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The material is called carmeltazite, and it was recently approved as a new mineral by the International Mineralogical Association Commission on New Minerals, Nomenclature and Classification.

The mineral was named carmeltazite because of it its discovery on Mount Carmel and due to its major chemical components: titanium, aluminum and zirconium (“TAZ”), the company stated in a press release. Shefa Yamim trademarked the name “carmel sapphire” for the material.

The mineral “is a newly discovered type of corundum similar in appearance to the corundum, but unlike any other sapphire found in the world,” according to the company. The rough carmel sapphire is typically black, blue-to-green or orange-brown. The largest stone found is 33.3 carats.

The Vintage News reports that “it was previously believed that this type of mineral was only found on extraterrestrial material.”

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It’s harder than diamond and substantially rarer, “making its value extremely high,” according to the publication.

Avi Taub, CEO of Shefa Yamim, said in the release: “We are delighted that our Carmel Sapphire has been recognised as a host to many rare minerals. In today’s world where the prices of gems are determined predominantly by their rarity, the Carmel Sapphire is a unique discovery because it has not been found anywhere else in the world and was discovered by Shefa Yamim in the soil of the Holy Land. We believe this substantially increases the potential value of our ‘Gem Box’ of precious stones. The studies of Carmel Sapphire and its new minerals mark another milestone in the Company’s journey as we continue our progress towards trial mining in Zone 1 in 2019.”

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Founder of Luxury Jewelry Brand Leaves Company

His resignation was effective Dec. 31.

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Fawaz Gruosi, founder of Swiss luxury jewelry and watch company de Grisogono, has stepped down from his position as a board director and left the company.

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The resignation was effective Dec. 31, according to an article published by WorldTempus.

The decision had been some time in the making, and Gruosi had moving away from daily operations.

Elmar Wiederin, chairman of the de Grisogono board, was quoted saying, “As Founder of this inspirational brand twenty – five years ago, we are thankful to Fawaz Gruosi for his incredible passion and creativity.”

Wiederin continued: “Led by Céline Assimon and the skilled team in place, the Design studio and Atelier will continue to drive design and craftsmanship as before through a collective process, maintaining the traditions of daring creativity for which the brand is known.”

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Assimon was named CEO in December.

De Grisogono also recently named Keith Rosen to the role of general manager for its Americas operations, Rapaport News reports.

Read more at the WorldTempus

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Jeweler Charged with Stealing from 11 Customers

He’s been charged with felony theft.

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A Colorado jeweler is accused with stealing gold, jewelry and money from 11 of his customers.

David Aaron Kushnir, who operated D & D Jewelers in Thornton, has been charged with one count of felony theft “concerning theft of up to $100,000 from 11 named victims,” according to a press release from 17th Judicial District Attorney Dave Young.

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The charges allege that Kushnir, 37, defrauded the customers after they brought their
diamonds, watches and other jewelry to him for repair or consignment sale at his business.

He also allegedly sold fake diamonds to three victims.

Kushnir was arrested Tuesday at his Aurora home and advised of the charges Wednesday.

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The Sentinel newspaper reports that, according to an arrest affidavit, Kushnir’s alleged victims lost more than $147,000 in all.

In one case, he’s accused of removing a movement piece worth $40,000 from A Rolex watch he was asked to repair and then substituting “a Chinese piece,” according to the newspaper.

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