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Actress Hilary Duff Shows Off Engagement Ring — Here’s What We Know

It appears to be an elongated cushion cut.

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Actress Hilary Duff earned 1.9 million likes after revealing her stunning cushion-cut diamond engagement ring on Instagram this past Thursday. The 31-year-old star of the TV Land series Younger had just accepted a marriage proposal from singer-songwriter Matthew Koma and decided to broadcast the big news with a pair of sweet snaps for her 12 million followers.

Punctuating an Instagram caption with a red heart emoji, Duff gushed, “He asked me to be his wife.” Duff’s new fiancé shared the same images on his Instagram page and added the caption, “I asked my best friend to marry me… @hilaryduff.”

Lacking an extreme close-up of the ring, jewelry experts interviewed by Town and Country, Pop Sugar, Bustle and Business Insider were only able to offer their best guesses about its shape, size, quality and value.

The general consensus is that the diamond is an elongated cushion cut — the popular pillow shape with rounded corners. Size estimates ranged from 3 to 4 carats. The clarity is assumed to be VS1 or higher with a G color grading. The minimalist white gold or platinum setting sports a split shank, and all these characteristics combine to put the ring’s value somewhere in the range of $40,000 to $100,000.

A cavalcade of young actresses were quick to congratulate their colleague on Instagram.

Vanessa Hudgens of High School Musical fame commented, “Awww congratulations love.”

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While fellow Disney alum Ashley Tisdale wrote: “OMG my fave couple.”

Glee actress Lea Michele wrote, “So happy for you babe!!!”

Although it’s unclear when they started dating, Duff and Koma made their first red-carpet appearance together in January 2017. E! News reported that they broke up in March 2017 and reunited shortly thereafter.

Duff currently portrays Kelsey Peters on Younger, the hit series that’s about to return for its sixth season. Koma, 31, is a member of the band Winnetka Bowling League.

In October 2018, Duff and Koma welcomed their first child together, Banks Violet Blair. The couple has yet to set a wedding date.

Howard Cohen is the Shoreham, NY-based editor of The Jeweler Blog, a daily blog ghost-written for retail jewelers. Cohen, a long-time industry veteran, is dedicated to making social media tasks simple and affordable for every jeweler. For more information, visit thejewelerblog.com or contact Cohen at 631-821- 8867, hscohen60@gmail.com. Websites: thejewelerblog.com, thejewelerblog.wordpress.com.

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Commentary: The Business

Building Something Cool Means Having No Regrets, Says Stephen Webster

The designer pulled out all the stops to stand out with his Beverly Hills boutique.

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PRIOR TO PENNING this column, I looked back at some of the columns written by previous winners of the INSTORE Small Cool and Big Cool jewelry stores in America. Each is a story of passion, dedication and determination (or blood, sweat and tears) to build and maintain stores that never stop compelling and engaging with their clients and communities.

As we all know, building a successful or indeed a “cool” store, no matter what the size, has never been about doing just one thing well. It may start with great product, but that is only the beginning. As jewelers, we have to build trust, offer not only outstanding service but develop almost telepathic relationships with clients, create unique and welcoming environments, and as if that weren’t enough, a brick-and-mortar store owner also has to be as tech-savvy as a 14 year-old, able to navigate the plethora of digital platforms and social channels, apparently without which no one any longer crosses your threshold.

Podcast: A Flash of Cash and Other Meditations on the Value of Jewelry
Over the Counter

Podcast: A Flash of Cash and Other Meditations on the Value of Jewelry

Podcast: Craig Husar Discusses His Career, and His Spectacular New Store, on ‘The Barb Wire’
The Barb Wire

Podcast: Craig Husar Discusses His Career, and His Spectacular New Store, on ‘The Barb Wire’

Podcast: Make Sure You Open the Dang Box
JimmyCast

Podcast: Make Sure You Open the Dang Box

Despite all the above, we love it and continue to strive to be the best and the coolest.

My home is not America; I have, though, traveled across the pond on average every month for the past 25 years, growing not only millions of air miles but also my brand through an incredible network of independent and larger groups of retail jewelers across the USA, witnessing firsthand what it takes to stand out as a store.

When it finally became time to open my own boutique, I wasn’t attached to any one community, so I did what most domestic brands do and blindfolded, stuck a pin in a map of North America, at least I think that’s what other brands do, I might be wrong. My pin landed as far away from my home as it’s possible to get, the “City of Angels”: LA, right bang on the set of Pretty Woman, opposite the Beverly Wiltshire hotel on Rodeo Drive.

I believe there were 25-plus jewelers already on that famous drive, and unlike them, this was my first Rodeo. To stand a chance, the Stephen Webster store had to be different. Our jewelry was already different, so we wanted the environment to look as though the product belonged there.

I’m proud to say that if it was anything, it was different. The etched concrete floor, the crocodile skin (effect) leather covered showcases, graffiti artwork and neons by famous street artists, and up the sweeping staircase on the second floor, the now-legendary NoRegrets lounge, where we showcased everything that makes up the extended world of Webster: chefs, sculptures, conventional and graffiti artists, photographers, a milliner, too many DJs and even a classical trumpet player. The

NoRegrets lounge has earned its title.

Just like every neighborhood store, we earned every one of our clients. Due to the nature of local employment, we never knew who was going to walk through the door, and even though our policy is that everyone gets treated the same, I’m sure one can imagine that some of those Hollywood types do demand that extra mile and a half. Living exactly 6,000 miles away, we like to think we give it. It would be fun to know if any other store owners have such a ridiculous commute; I hope not, for their sakes.

Having our flagship store recognized as “cool” by peers from an industry I love and feel very much part of in a country I really should call home has been such an honor. You have no idea how cool it feels for my team in the US and also back in London, where to say we were voted the coolest big jewelry store in America is massive.

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Shane Decker

What Not To Do During the First 30 Seconds of Any Sale

Huddling at the back is a big no-no.

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HAVE YOU EVER walked into what appeared to be a nice store, only to spin and leave faster than you came in? Or, have you ever walked into a nice place of business and watched two salespeople look at each other, then you, then each other again, like they’re seeing which one of them is going to wait on you?

You’re not alone — we’ve all had this experience, and jewelry stores are no exception. At too many stores, you’re not greeted at all, and sometimes, you can’t even find anyone to take care of your needs. This is one reason the Internet is doing so well.

People today are time-starved, and they will decide within the first 30 seconds of entering your store whether or not they’re going to give you their money.

Let’s begin with the first five seconds: every customer must be greeted — ideally, from the “sweet spot” in your store (15 feet inside your door to the customer’s right as they walk in). When you’re a client and you’re acknowledged, you feel important. It’s a relief subconsciously to realize that the sales associates know you’re there.

Never allow your sales floor to be vacant when clients come in. Many say they are just looking, but that’s an opportunity for you to use your first close by saying, “I always do that before I buy; let’s get started!” or “I’m glad you came in to take care of that today.”

“I’m just looking” means “I’m just spending.” It means “I’m on a mission, and when I find what I’m looking for, I’m gonna buy it.” It does not mean, “Leave me alone.” Like I said before, we are a time-starved nation, and nobody is just looking.

Do not come from the back of the store to the front; you should be there already. When you come from the back, your mind is focused on the busy work you were doing or the donut you were eating.

Never greet a customer from a group huddle. It’s good to laugh in your store, but if you’re all laughing about something when the client walks in, they may think you’re laughing at them.

Do not use canned openings like “Hi, how are you?” or “What can I help you with?” Clients don’t need “help”; they want professional assistance to make a purchase or information about a service needed. Likewise, don’t say, “Good morning, welcome to Smith Jewelers.” That gets old, fast. What if they come in three or four times a year and hear you say the same thing? Keep your greetings creative and make sure they’re welcoming. Your greeting should be professional and make your client feel glad they came into your place of business.

Be present for the start of the sale, and keep it professional. Starting strong allows you to make it to the end (and hopefully close the sale). By doing so, you’ll keep your client from wanting to go to the Internet — after all, we do want to talk to real people, especially when it comes to jewelry.

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World’s Biggest, Heaviest and Most Valuable Coin to Make US Debut

It will be on display at the New York Stock Exchange on July 16.

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THE WORLD’S BIGGEST, heaviest and most valuable coin will make its U.S. debut at the New York Stock Exchange (NYSE) next Tuesday, July 16.

For only 12 hours — 7 a.m. to 7 p.m. — the “1 Tonne Australian Kangaroo” gold coin will be on public display in Experience Square, just outside the NYSE on Broad Street.

Made from 99.99% pure gold, the coin measures 80 cm (31.5 inches) wide and 12 cm (4.5 inches) thick. It weighs one metric ton, which is equivalent to 2,200 pounds or 35,274 ounces. The coin has a face value of $1 million, but at today’s gold price, the precious metal alone is worth $49.3 million.

The Perth Mint created the “1 Tonne Australian Kangaroo” in 2011 to bring worldwide attention to its popular annual Australian Kangaroo Gold Bullion Coin Series. A year later, Guinness World Records affirmed its status as the world’s largest coin.

The reverse design depicts a bounding red kangaroo surrounded by stylized rays of sunlight. The coin is bordered by the inscription AUSTRALIAN KANGAROO 1 TONNE 9999 GOLD and the year 2012.

The obverse of the coin portrays the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, accompanied by the inscriptions ELIZABETH II, AUSTRALIA and the monetary denomination of 1 MILLION DOLLARS.

The enormous gold coin has rarely left its permanent display at The Perth Mint’s Gold Exhibition in the Land Down Under. It did embark on a promotional tour across Asia and Europe in 2014, and now it is traveling halfway around the world for the one-day New York exhibition.

The Australian coin is 10 times heavier than the previous record-holder, a 100 kg (220 pound) coin designed by the Royal Canadian Mint.

The Australian coin is 10 times heavier than the previous record-holder. CREDITS: IMAGES COURTESY OF THE PERTH MINT.

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