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Applications Open for WJA-Gabriel Love Foundation Scholarship

A scholarship of $5,000 will be awarded.

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Applications are being accepted for Gabriel & Co.’s second scholarship with WJA.

A scholarship of $5,000 will be awarded to one dedicated female student enrolled in fine jewelry design courses.

The scholarship has been established to help provide funding for students to achieve professional growth within the jewelry industry and in their communities at large.

Consideration will be given to students who are able to clearly articulate a desire to participate in charitable efforts in the future or how they will use their career in jewelry to improve communities.

Applications for this scholarship are open to members of the Women’s Jewelry Association and non-members. Applicants must complete the online application, which includes an essay and proof of enrollment.

For more information, go to Gabriel Love Foundation Student Scholarship.

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The application process is conducted online through www.callforentry.org. Student scholarships are paid directly to the institution.

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Take the Risk Out of Buying Diamonds and Finished Jewelry for Stock with GN Diamond’s 100% Guarantee

Stores that buy for stock sell 60% more than stores who do not.

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(PRESS RELEASE) Welcome to GN Diamond’s new 100% guarantee when buying diamonds and finished jewelry for stock. GN Diamond recognizes that retailers may sometimes be reluctant to buy loose diamonds for stock. Why buy when I can get diamonds on memo? While this may be true, it is also true that 80% of end consumers want to buy diamonds and diamond jewelry the same day they shop. It is also said that sometimes the diamonds that are left on long term memo may not always be fast sellers nor the cream of the crop. It is, therefore, critical that retailers make sure all of their “bread and butter” holes are filled in especially during the holiday season. With GN Diamond’s new 100% trade in policy customers may now feel comfortable buying diamonds for stock – if any do not sell they be switched out for other diamonds that may have a higher turnover percentage. The same holds true for finished jewelry.

Visit them 24/7 at www.gndiamond.com. Email at sales@gndiamond.com or call at (800) 724-8810. They are open 7 days a week with free shipping.

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PT NEXT Acquires Software Company CodeNameWhat

Acquisition advances PT Next’s development of industry-specific technology solutions.

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(PRESS RELEASE) PT NEXT, the technology arm of Pac Team Group, has announced the acquisition of software development company, CodeNameWhat. Founded by RFID software veteran Peter Shoemaker, CodeNameWhat worked with PT NEXT on the development of ARGOS, their RFID-based platform for the jewelry and timepiece industry. Shoemaker will continue advancing this platform in his new role as PT NEXT’s director of software engineering.

“We started CodeNameWhat to follow a shared passion for how inventory visibility will transform the retail experience,” said Shoemaker. “Now joining PT NEXT, we add our passion to a team that is transforming an industry.”

As the leading authority in technology innovation and IoT technology for the watch and jewelry industry, PT NEXT has developed proven turnkey solutions designed to elevate the in-store customer experience, increase operating efficiency and overall profitability.

“With the acquisition of CodeNameWhat, PT NEXT can continue to lead the design, development and implementation of cutting-edge technology solutions that are specifically designed to address our customer’s retail challenges in the jewelry and timepiece industry,” said Eric Zuckerman, president of Pac Team Group.

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Industry Veteran Jerry Ehrenwald Launches Laboratory-Grown Diamond Exchange

It’s designed to make buying and selling laboratory-grown diamonds (LGDs) safe and easy.

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(PRESS RELEASE) NEW YORK – With more than four decades of experience in the diamond and fine jewelry industry, Jerry Ehrenwald, GG, ASA, announced the launch of his new venture, the Laboratory-Grown Diamond Exchange, LGDEX.org.

Headquartered in New York, N.Y. on 20 West 47th Street, the Laboratory-Grown Diamond Exchange is a first-of-its kind online international platform designed to make buying and selling laboratory-grown diamonds (LGDs) safe and easy. Submitted anonymously to the Exchange by sellers free of charge, LGDEX.org lists available LGDs for purchase. Once the listed diamond is sold, a 2.5 percent transaction fee is charged by the Exchange to both the buyer and the seller.

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To ensure authenticity, all previously issued LGD reports and descriptions provided by the seller are accepted upon verification. This process is conducted by independent third-party gemological labs that provide unbiased verification that the seller’s LGDs coincide with the description received by the independent gem lab. Following the evaluation, the lab will send this confirmation as well as the purchased LGDs in a secure, sealed box to the buyer via overnight delivery.

With LGDs growing in popularity and possessing both beauty and durability, Ehrenwald considers them part of the new diamond frontier. “As an active member of the mined diamond industry for over 40 years, I know mined diamonds have value for three reasons: they are beautiful, durable and rare,” said Ehrenwald. “For LGDs, there is currently no reliable information on value, and I intend to bring insight to this part of the industry as well as to the direct consumer.”

Market data collected from LGDEX.org will inform the Laboratory-Grown Diamond Price Index, which will publish actual cash asking prices on a regular basis, providing authoritative insight on LGD values. This price list is prepared independently by the Exchange in collaboration with the GemGuide of Gemworld International, which does not buy or sell gemstones, but rather conducts research and pricing. While LGDEX.orgincludes the consumer market, the Index will only reflect business-to-business prices. The information from the Index will also serve as a resource for those needing to determine value for undertakings such as IRS purposes and insurance coverage.

“With the introduction of laboratory-grown diamonds into the industry, we have seen the cost come down over the past two to three years, and its growth pattern remains to be seen,” said Ehrenwald. “My purpose in establishing the Laboratory-Grown Diamond Exchange is to have an accurate and reliable database of asking prices from all players involved in this emerging industry. As a longstanding professional gem and jewelry appraiser, the need to factually substantiate the cash value of LGDs is of the utmost importance. The Laboratory-Grown Diamond Exchange will not only provide valuable in-trade services, but will be an informative educational resource for all.”

For more information on the Laboratory-Grown Diamond Exchange, visit LGDEX.org.

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