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Greenland Ruby Finalizes Mine-to-Market Certificate Program

The miner displayed its new material and color ranges in Tucson.

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(PRESS RELEASE) — Greenland Ruby, Greenland’s only miner of ruby and pink sapphire, announced in Tucson that it has launched its mine-to-market track-and-trace program for its gems, which has been endorsed by the Greenlandic government. The program is made possible by the miner’s customized inventory system. This program “assures a transparent provenance chain that’s still rare in the colored gemstone industry,” according to the company.

Each parcel of Greenlandic rough material has a number, and all the gems produced from that parcel are given their own individual number linked to it. These numbers stay with each gem through heat treatment, cutting and placement in jewelry.

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When a consumer purchases jewelry with Greenlandic gems, a certificate of origin comes along, issued by Greenland Ruby. It includes the gem’s original rough parcel and individual gem numbers. The certificate guarantees that the gem is of Greenlandic origin and includes information on the gem’s weight, color, dimensions, shape and cutting style (cabochon or faceted). The certificate guarantees the gems are mined in a country that has an excellent human rights record, is environmentally responsible and boasts a stable government and economy. The gems are also treated, cut and polished adhering to ethical, social, human rights and environmental laws and responsible practices.

“Though Greenland Ruby’s jewelry clients to date have only requested certificates on gems over one carat for their customers, Greenland Ruby has the ability to produce a tracking number for every stone, if a brand wished to do so,” said Greenland Ruby’s Vice President for Sales and Marketing Hayley Henning. “The gems do not need individual markings, since a variety of gemological laboratories around the world, including the Gemmological Association of Great Britain, the Gemological Institute of America, the Gübelin Gem Lab, and Lotus Gemology, have examined our material and determined that Greenlandic corundum is readily identifiable as originating on the island.”

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During a media luncheon amid the Tucson gem shows, Greenland Ruby also displayed its finalized color range sample sets of gems featuring colors from so-called pigeon’s blood red to light icy pink. Also available are corundum in nearly white and purplish colors. The miner features ranges of transparent, translucent and opaque cabochon cuts up to 50 carats in size, which can be easily calibrated for larger jewelry collections. Because of the nature of the material, cabochons are often the preferred method of shaping these gems, which aligns well with current fashion trends in gemstone jewelry. But cut and faceted stones are also available, ranging from melee sizes up to gems over one carat. Greenland Ruby gem pricing aligns with market pricing for all rubies in the qualities it features.

Magnus Kibsgaard and Gunnar Moe

In addition to displaying loose gems, the miner also had on hand some of the newest designs from its Scandinavian retail partner and distributor Hartmann’s, which launched a Greenland Ruby jewelry collection this past holiday season. Hartmann’s initial collection sold out in nine days. Hartmann’s is known for its special and deep expertise in colored diamonds and luxury gems of all kinds. Additionally, luxury designer Victor Velyan appeared and shared with journalists what inspired him to create his designs using ultra-large cabochon rubies from Greenland. “When Hayley first showed me these gems, I had goosebumps all over my body,” said Velyan. “A gem that is three billion years old!” Velyan revealed that he is hoping to make a trip to the mine this year to explore Greenland’s vast Arctic terrain.

Greenland Ruby also talked about its plans for the year ahead, with both Greenland Ruby Chairman of the Board Gunnar Moe and CEO Magnus Kibsgaard on hand to speak to with the media. The executives joined Henning in Tucson in order to meet with large brands and manufacturers during gem week.

“Our team plans wider introduction of our beautiful products in the U.S. this year, after successful debuts in Europe, and among select luxury designers,” said Kibsgaard. “We’ve noted the exploding interest in responsibly sourced products in America, and we feel our gems are perfectly positioned to take advantage of that trend. The modern consumer is demanding fair manufactured goods with a story of doing well by doing good.”

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Jewelers Mutual named to 2019 Ward’s 50

The award recognizes outstanding financial results in the areas of safety, consistency, and performance over a five-year period from 2014-18.

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(PRESS RELEASE) NEENAH, WI – Jewelers Mutual Insurance Company has been named to the 2019 list of Ward’s 50 top performing insurance companies, marking the ninth consecutive year for this recognition. The award recognizes outstanding financial results in the areas of safety, consistency, and performance over a five-year period from 2014-18.

“Our team at Jewelers Mutual continues to look for ways to strengthen and evolve our business,” said Scott Murphy, Jewelers Mutual president and CEO. “Being among those recognized to Ward’s 50 for another year is an honor.”

The list of Ward’s 50 top performing insurance companies was released on July 17 by Ward Group, an Aon Hewitt company and the leading provider of operational and compensation benchmarking and best practices services for insurance companies.

To develop its annual list of the top 50 performing insurance companies, Ward Group analyzes the financial performance of nearly 3,000 property-casualty insurance companies and 800 life-health insurance companies domiciled in the United States and identifies the top performers in each segment based on objective data and subjective quality measures. Each company has passed all safety and consistency screens and achieved superior performance over the five years analyzed.

A complete list of the 2019 Ward’s 50 companies for property-casualty is located at WardInc.com.

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Industry Executives Convene for GIA’s Global Leadership Program at Harvard Business School

It was held June 24 to 27.

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(PRESS RELEASE) CARLSBAD, CA – GIA’s Global Leadership Program at Harvard Business School (HBS), held June 24 to 27, brought together senior gem and jewelry executives for a custom four-day curriculum led by world class professors and based on the renowned HBS case study method. This year’s class, the largest in the six-year history of the program, explored exciting case studies focused on innovation and discussed how to apply the lessons from those cases to the challenges facing the global gem and jewelry industry. The exceptional group of leaders represented the broad scope and diversity of the industry.

“This unique program creates an opportunity for thought-leaders to candidly discuss new ideas and approaches to their day-to-day work and long-term goals,” said Susan Jacques, GIA president and CEO. “This program, now in its sixth year, is a direct extension of our renowned education heritage.”

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The GIA Global Leadership Program focuses on new research and best practices to deliver actionable insights. Upon successful completion of the program, participants were awarded a certificate from the Harvard Business School.

GIA, in conjunction with HBS, initiated the program in 2014. The goal of the four-day residential program is to bring together global leaders from different sectors of the gem and jewelry industry to examine issues faced by international businesses, and apply the lessons learned in other industries to their own businesses. The program also provides an unparalleled networking opportunity for senior executives, building bridges between different sectors of the global gem and jewelry supply chain.

GIA will hold its next Global Leadership Program at Harvard from June 22-25, 2020. Participation is limited and by invitation only.

For press inquiries, please contact Nellie Barnett at nbarnett@gia.edu or +1 760-603-4184.

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Frederick Goldman’s Jewelry Solutions Group Taps Two Industry Professionals

They bring extensive experience to the company.

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John Badee and Donna DeLucia

(PRESS RELEASE) SECAUCUS, NJ – Frederick Goldman’s recently formed Jewelry Solutions Group has added Donna DeLucia, as senior director of technical sales, and John Badee as director of manufacturing and engineering.

Donna DeLucia, formerly of John C. Nordt and LeachGarner, brings extensive product knowledge and an ability to forge deep customer relationships for Frederick Goldman, Inc.

John Badee, formerly general manager at Riva Precision, a well-regarded high-end manufacturer of cast and machined products, will strengthen Goldman’s manufacturing capabilities as it continues to grow its On Demand and OEM business through the Jewelry Solutions Group.

“We are extremely fortunate to retain John and Donna as we expand our On Demand and OEM customer base and product offering,” commented Jonathan Goldman, chairman and CEO of Frederick Goldman, Inc. “This is a fast-growing segment of our business that has been universally, and enthusiastically, accepted by our customers. Quick-make, inventory light, high-quality, and on demand products satisfies the needs of all retailers today. We look forward to great things from Donna and John as the Jewelry Solutions Group scales under the leadership of our COO, John Orrico.”

For inquiries about the Jewelry Solutions Group, please email JSG@FGoldman.com.

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