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Jewelers’ Son Wins at Rolex 24 Hours of Daytona

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He’ll receive a very nice watch.

(Press Release) DAYTONA BEACH, FL — Nick Boulle, the 27-year-old son of Denis and Karen Boulle of de Boulle Diamond & Jewelry, an independent jewelry salon in Dallas and Houston, has claimed victory in the 55th Annual Rolex 24 Hours of Daytona for the Prototype Challenge Class. 

The No. 38 Performance Tech Motorsports Oreca FLM09 finished 22 laps ahead of its closest rival in the 24-hour classic, despite the rain and cold. The car features an open-cockpit and technology such as a carbon fiber chassis, carbon brakes and sequential gearbox. Weighing in at 1990 pounds, the PC car reaches top speeds of around 190 mph with more than 450 horsepower.

Boulle drove alongside Performance Tech Motorsports drivers James French (23), Kyle Masson (19) and 17-year-old Patricio (Pato) O’Ward, one of the youngest in the history of the race. Each driver had his turn leading the PC class. 

“I cannot say enough about how well the team all performed,” said Boulle, whose debut last year at the 54th Annual Rolex 24 Hours of Daytona resulted in a second-place finish in the Prototype Challenge Class.

“Taking the class win in the ROLEX 24 Hours of Daytona is a dream come true for drivers across disciplines of motorsports from NASCAR, WEC and Indy car,” Boulle said. “There’s no such thing as an easy ride at a race like this, but everyone performed flawlessly. We did take a few risks to win, but our strength was in our preparation and consistency. I can’t wait to see what else this result for de Boulle Motorsports, Clover Partners, McFadden & Miller and Palmares Energy leads to next.”

Winners of the race receive special engraved stainless steel Rolex Daytona watches. The 2017 edition of the luxury watch features both gold and stainless steel with an oyster face. The watch was designed to meet the demands of the professional racing driver. 

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The de Boulle location in Dallas carries Rolex timepieces.

De Boulle Motorsports has partnered with several prominent Texas companies: Clover Partners, McFadden & Miller and Palmares Energy. The race is the first major auto race of the year, and it brought some of sport’s biggest names, including Jeff Gordon, Scott Dixon, Buddy Rice and Graham Rahal.

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CIBJO Releases Marketing & Education Special Report, Analyzes Next Great Jewelry-Buying Generation

Report returns to what has been defined as the next great jewelry-consuming group, Generation Z.

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(PRESS RELEASE) MILAN, ITALY — With fewer than 10 weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the first of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Marketing & Education Commission, headed by Jonathan Kendall, the report returns to what has been defined as the next great jewelry-consuming group, Generation Z, providing a breakdown of what the industry needs to consider if it is to ensure that jewelry remains a favored purchase.

Generation Z refers to young consumers, who currently are 15 to 25 years of age.

“Gen Z is coming to our markets very soon if it has not already arrived in reality,” writes Mr. Kendall. “Its members are forecast to spend a whopping $143 billion this year alone. So we better get them on our side if we want to enjoy a rosy future. In fact, the future success of the jewelry industry will depend on our understanding the needs and wants of Generation Z. Get this right and we can all look forward to strong profitable years moving forward. Get it wrong and we could be destined for the scrap heap – not overnight maybe, but ultimately.”

Communicating predominantly via the social media, studies show that Generation Z is more environmentally conscious and gender neutral than any generation that preceded it. It celebrates authenticity, diversity and human imperfection. It is more likely to heed the advice of a friend, rather than a celebrity.

“Gen Z is prepared to splurge but it must be worth it. The more added value the better, and that can come from its environmental credentials or its social value,” notes Mr. Kendall.

To download a full copy of the CIBJO Market & Education Commission’s special report, click here.

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Gem Legacy Celebrates 1 Year Anniversary

It launched in September 2018.

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(PRESS RELEASE) ROYAL OAK, MI – Gem Legacy is celebrating the successes of its 1 year anniversary after launching in September 2018 by founder Roger Dery. Gem Legacy is a 501(c)3 nonprofit supporting education, vocational training, and local economies in East African colored gemstone mining communities.

The first year has boasted many successes, thanks to industry partners and donors. Roger Dery, founder and executive director of Gem Legacy looks back on the first year: “Lives are deeply affected because we’re ensuring that a group of widowed miners will find Tsavorite Garnet, 28 orphans will get a full education, kids are getting full nights of sleep on new mattresses, and young adults are entering the gem industry with knowledge in gemology and gem faceting. They have hope because we, the jewelry industry, are saying ‘we see you and we believe in you.’”

Other highlights from Gem Legacy’s first year include the formation of its advisory board (Christina Clover-Field, Ben Smithee, and Monica Stephenson) and its Leadership Council (Omi Gems and Parle Jewelry Designs). The leadership council is growing to be a consortium of the industry’s top leaders dedicated to sharing Gem Legacy’s mission and activating a united industry-wide effort to support the mining communities in Africa.

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Technological Solutions for Sustainability and Responsible Sourcing Spotlighted at CIBJO-IEG Seminar

Seminar marked the 10th year of cooperation between CIBJO and IEG.

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(PRESS RELEASE) MILAN, ITALY — With members of the jewelry and gemstone sectors under growing pressure to actively demonstrate that they are conducting their businesses in a sustainable manner, including verifying that the items they purchase, process and sell have been sourced responsibly, a range of technological solutions are currently being developed to help them comply with the due diligence requirements. These came under the spotlight during a seminar on September 9, 2019, at the VICENZAORO show in Vicenza, Italy, organized by CIBJO and hosted by the Italian Exhibition Group (IEG).

The seminar was the latest edition in a series of educational programs organized by the two bodies, which is endorsed by the United Nations Economic and Social Council (ECOSOC), to support corporate social responsibility and sustainability in the jewelry sector. As Marco Carniello, director of IEG’s jewelry and fashion division pointed out, the seminar this September marked the 10th year of cooperation between CIBJO and Italy’s leading jewelry trade show organizer.

A growing percentage of the jewelry, gemstone and precious metals industries have taken steps in recent years to implement sustainable and responsible sourcing principles in their businesses, with more than 1,300 worldwide already certified by compliance organizations, after undergoing monitoring by independent auditors. But in an industry that is dominated by small and medium-sized companies, many participants find it challenging to follow suit and consequently could experience difficulty in gaining access to chains of supply. The technologies discussed at the seminar are largely being developed to address these challenges.

“CIBJO is committed to the development of an ethical and sustainable jewelry industry, which sources its raw materials in both a responsible and transparent manner,” said CIBJO President Gaetano Cavalieri, opening the seminar. “As we reiterated in the new Responsible Sourcing Blue Book which was approved earlier this year, we believe that all participants should do due diligence to the best of their ability. At the same time, we also insist that no ethical members of our community be discriminated against because they currently lack the resources necessary to implement a full compliance system. It is for this reason that we view the development of technological solutions as being so important.”

The panel of speakers, which was moderated by Erik Jens, vice president of CIBJO’s Responsible Sourcing Commission, represented a cross section of this growing industry service sector, providing solutions to industry participants at all stages of the chain of distribution, from the mine to the retailer.

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