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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.

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“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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Borsheims Sells Out of Gift Boxes During Weekend of Giving

For $10 shoppers could take home a box with a surprise gift inside.

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(PRESS RELEASE) OMAHA, NE – Shoppers purchased every one of the more than 1,500 boxes on Borsheims’ Giving Tree by Sunday afternoon during Borsheims’ annual Weekend of Giving. For $10, all of which went to Partnership 4 Kids, shoppers could take home a box with a surprise gift inside – anything from jewelry to home décor to Borsheims gift cards. Borsheims also donated a percentage of all instore sales during the Weekend of Giving to Partnership 4 Kids, a goal setting and group mentoring program that builds hope for under-served students in the Omaha metro area.

This is Borsheims’ 14th annual Weekend of Giving, held in conjunction with jewelry and engagement designer trunk shows. The Giving Tree is always a big draw for Borsheims customers who love buying multiple boxes and giving them as gifts or even trying to win the big prizes themselves. The top prize this year was a $2,700 14k white gold diamond-by-the-yard necklace. Other featured gifts were jewelry from LAGOS, Pesavento, Alex Woo, Phillips House, and Robin Haley.

“Our Giving Tree has become such a big part of our customers’ holiday shopping traditions,” said Borsheims CEO Karen Goracke. “We love that our customers can have such a fun Borsheims experience and feel good about donating to this great local child-focused charity at the same time.”

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Uneek Jewelry Launches “Every Love is Uneek” Campaign

The film depicts that special moment when the man is about to pop that question until that ever-thrilling reaction of an “I do.”

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(PRESS RELEASE) LOS ANGELES — Uneek Jewelry, the Los Angeles-based brand founded by designer Benjamin Javaheri, the most awarded jewelry designer in the industry, launches its new campaign, Every Love is Uneek, with an endearing wedding proposal film. Watch it here.

The film depicts that special moment between a couple from when the man is about to pop that question until that ever-thrilling reaction of an “I do.” It highlights the 10-carat cushion set on a three-row shank with a rose gold middle row and filigree on the basket accent with Natural Pink Diamonds (LVS1066) — A Benjamin Javaheri exclusive and a part of Uneek’s Silhouette Collection.

Another star of the film is the Blue Sapphire Pear Ring (LVS1067BS) on her right hand. Embraced with diamond halo, the magnificent Blue Sapphire ring is also an original piece from the Royal Blue Collection that belongs in the roster of Uneek’s award-winning jewelry design. “The film brings out the emotions of a special moment that inspires me to design one-of-a-kind pieces that come to life.”, Javaheri shares.

The campaign hashtag, #EveryLoveIsUneek, is an addition to Uneek’s bold tagline, #DareToBeUneek, as a part of its ever-growing social media presence.

LVS1067BS and LVS1066

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Jewelers Mutual Donates Seven Damaged Synthetic Diamonds to Diamond Durability Lab for Research

Differences were observed between natural diamonds and synthetic diamonds.

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(PRESS RELEASE) NEENAH, WI — Jewelers Mutual Group, as part of its continuing support of the jewelry industry, has donated seven synthetic diamonds to the Diamond Durability Laboratory.

Each of these diamonds had been damaged and was sent to Jewelers Mutual as part of its policyholder claims process. Jewelers Mutual worked with the policyholders’ jeweler of choice to replace the stones with synthetic diamonds of the same kind and quality.

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About the synthetic diamonds:

  • The donated, damaged synthetic diamonds ranged in size from 0.64 carat to 2.27 carat weight.
  • Each of the synthetic diamonds were worn in an engagement ring by a Jewelers Mutual policyholder.
  • The length of normal wear of the donated, damaged synthetic diamonds varied from 43 days to less than 2 years.
  • Jewelers Mutual and DDL have been collaborating for more than a year to better understand damaged diamonds – both natural and synthetic – and their relationship to several physical characteristics with the goal of creating a more predictive model for potential damage during wear.

Jewelers Mutual’s Kay Kostelny and Mitzi Rietveld, Graduate Gemologists (GIA), studied the damaged synthetic diamonds and shared their observations with DDL that “the damage to the synthetic lab grown diamonds are not characteristic of damage to natural mined diamonds.”

When Jewelers Mutual observed the differences in the damage between their typical natural damaged diamonds and the synthetic damaged diamonds, they reached out to DDL for discussion. The idea of the donation was in part supported by the lack of a secondary resale market for synthetic diamonds.

DDL plans a complete evaluation of the donated synthetic diamonds. The donation from Jewelers Mutual will deepen the understanding of synthetic diamond durability, a subject that has not been studied with any rigor. As the only diamond lab that focuses on diamond durability, DDL is well positioned to learn from these diamonds.

Additionally, DDL CEO Thomas Gelb has served as the technical adviser to the ASSURE Program and its development of a universal standard for synthetic diamond screening or detection services.

“We appreciate this donation from Jewelers Mutual and we are excited to use the stones to further our research and contribute to the industry knowledge about synthetic diamonds,” Gelb said. “Our collaborative research relationship with Jewelers Mutual is extremely important, and we hope by adding these synthetics to our knowledge base we can learn even more.”

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