Headlines

Diamond Producers Challenged to Not Break Their Biggest Finds

Published

8 years ago

July 7, 2016

INSTORE Staff

They hope new technologies can solve an old problem.

Mining companies have long struggled with the challenge of not shattering their biggest diamond finds, as Bloomberg explains, and now they’re looking to new technology to reduce breakage. The article explains how London-based Gem Diamonds recovered a dozen diamonds larger than 100 carats last year, but still broke off chunks of all its biggest gems. Now the company is considering whether to introduce new scanning technology in hopes of minimizing the risk of breakage.

“We’ve made important inroads, but we certainly haven’t solved the problem because we’re still using the same basic technology,” Clifford Elphick, CEO of Gem Diamonds, told the financial news outlet. “What will solve this is a massive technical breakthrough. That is the holy grail for us.”

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”