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Newly Discovered Gemstone Is Harder Than Diamond

It’s been found on Earth for the first time.

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Shefa Yamim, a precious stone exploration company in Israel, has discovered a new mineral that is harder than diamond and which has never been found on Earth before.

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The material is called carmeltazite, and it was recently approved as a new mineral by the International Mineralogical Association Commission on New Minerals, Nomenclature and Classification.

The mineral was named carmeltazite because of it its discovery on Mount Carmel and due to its major chemical components: titanium, aluminum and zirconium (“TAZ”), the company stated in a press release. Shefa Yamim trademarked the name “carmel sapphire” for the material.

The mineral “is a newly discovered type of corundum similar in appearance to the corundum, but unlike any other sapphire found in the world,” according to the company. The rough carmel sapphire is typically black, blue-to-green or orange-brown. The largest stone found is 33.3 carats.

The Vintage News reports that “it was previously believed that this type of mineral was only found on extraterrestrial material.”

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It’s harder than diamond and substantially rarer, “making its value extremely high,” according to the publication.

Avi Taub, CEO of Shefa Yamim, said in the release: “We are delighted that our Carmel Sapphire has been recognised as a host to many rare minerals. In today’s world where the prices of gems are determined predominantly by their rarity, the Carmel Sapphire is a unique discovery because it has not been found anywhere else in the world and was discovered by Shefa Yamim in the soil of the Holy Land. We believe this substantially increases the potential value of our ‘Gem Box’ of precious stones. The studies of Carmel Sapphire and its new minerals mark another milestone in the Company’s journey as we continue our progress towards trial mining in Zone 1 in 2019.”

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Piercing and Jewelry Firm Raises $3M, Opens First Store

It plans to open more locations in 2020.

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NEW YORK — Studs, a company that describes itself as “a new ear piercing experience,” announced that it is launching nationwide online and opening its first brick-and-mortar location in New York City’s Nolita neighborhood.

The company raised $3 million in funding led by First Round Capital with participation from Lerer Hippeau, as well as additional angel investors. Financing will be used for building retail locations, enhancing the ecommerce experience and expanding the Studs team.

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The company plans to expand its physical retail presence to additional locations in 2020.

Founded by Anna Harman and Lisa Bubbers, Studs was created to modernize the traditional “mall piercing” experience, according to a company press release.

“By combining healthy ear piercing services with omnichannel retail operations and a wide assortment of accessibly-priced earrings, the company offers consumers a seamless path for navigating the previously bifurcated piercing and jewelry landscapes,” the release states.

Anna Harman, co-founder and CEO of Studs, said her company priortizes “healthy needle piercing” and offers a “trend-driven product assortment and accessible pricing.”

Hayley Barna, partner at First Round, said, “With the increasing demand for multiple piercings and jewelry styles becoming particularly trendy amongst this age demographic, tattoo parlors, which can be intimidating, expensive and limited in selection, have become more or less the default” for Generation members.

“I was fortunate to lead Studs’ first funding round and invest in two remarkable founders tackling a large market ready for a new service paradigm and brand voice,” Barna said. “This is a unique investment for First Round and we couldn’t be more excited to be breaking into the space with a brand that is so tapped into the mind of today’s consumer and ready to deliver to their high standards and ever-changing needs.”

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Jewelry Store Linked to Drug Trafficking and $3M Money-Laundering Scheme, Feds Say

36 people have been arrested in the case.

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CINCINNATI – Tri-State Jewelers, a downtown Cincinnati retailer that was raided last week, was linked to drug-distribution and money-laundering networks, authorities say.

A federal grand jury has charged 36 individuals with crimes related to narcotics and money laundering conspiracies in an indictment that was unsealed on Nov. 19.

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Those charged include 22 Cincinnati-area individuals, according to a press release from the U.S. Drug Enforcement Agency. Law enforcement agents arrested all 36 defendants late last week and over the weekend.

According to the indictment, beginning in March 2016 and continuing through October 2019, the defendants conspired to possess with intent to distribute 400 grams or more of fentanyl and 500 grams or more of methamphetamine and cocaine.

The indictment alleges two Cincinnati businesses were used to launder proceeds from the narcotics conspiracy: Tri-State Jewelers on Race Street and Nationwide Automotive on Vine Street. It is alleged that cash was kept stored at both locations. The cash was then allegedly concealed and packaged to be transported to and from the Cincinnati region.

According to the 15-count indictment, between December 2018 and April 2019, defendants stored, at least temporarily, approximately $2.5 million at Tri-State Jewelers.

For example, Tri-State Jeweler accepted $1,400 in cash for the purchase of a diamond pendant necklace in May 2019, $15,000 for the purchase of a diamond ring in June 2019 and $4,000 for the purchase of a diamond ring in July 2019, the DEA stated.

Also in July 2019, Nationwide Automotive accepted $38,800 in alleged narcotics proceeds for the purchase of a vehicle, according to the release.

It is alleged at least $800,000 was laundered at Nationwide Automotive between November 2018 and April 2019.

Co-conspirators are also charged with maintaining drug premises on Prosser and Glenmore avenues in Cincinnati.

DEA seized more than $500,000 in cash, 19 pounds of fentanyl, 3 pounds of heroin, 100 pounds of cocaine, 42 pounds of methamphetamine, 47 weapons, 12 vehicles, the jewelry store inventory, assorted jewelry belonging to defendants and residences valued at approximately $1.1 million total thus far in the case.

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Thanksgiving Weekend to Draw 165M Shoppers With Deals ‘Too Good to Pass Up’

Holiday retail sales are expected to grow 4%.

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(Press Release) WASHINGTON – Retailers are preparing for one of the busiest shopping weekends of the year with an estimated 165.3 million people likely to shop Thanksgiving Day through Cyber Monday, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.

“The tradition of Thanksgiving weekend holiday shopping has become a five-day event with consumers spending money in stores, supporting local small businesses, and online with their mobile devices and computers,” said NRF President and CEO Matthew Shay. “Even as people are starting to purchase gifts earlier in the season, consumers still enjoy finding good Thanksgiving deals and passing time shopping with family and friends over the long holiday weekend.”

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Throughout the course of the holiday weekend, 39.6 million consumers are considering shopping on Thanksgiving Day, 114.6 million on Black Friday, 66.6 million on Small Business Saturday and 33.3 million on Sunday. The shopping weekend will wrap up on Cyber Monday, when 68.7 million are expected to take advantage of online bargains.

Shay said younger consumers are significantly more likely to shop over the Thanksgiving weekend. Among those ages 18-24, 88 percent say they are likely to shop and particularly enjoy the social aspect. Similarly, 84 percent of those ages 25-34 plan to shop. That compares with 69 percent of holiday shoppers overall.

Of those planning to shop, there is an almost even split of people who plan to start their shopping in-store (47 percent) compared with those who plan to start online (41 percent). Those under 25 are even more likely to say they expect to start shopping in-store (52 percent).

“We expect the biggest increase in potential shoppers for Thanksgiving Day this year,” Prosper Insights Executive Vice President of Strategy Phil Rist said. “We anticipate that people may head to stores if they are open or shop from their phones while watching football.”

The top reasons consumers are planning to shop include:

  • The deals are too good to pass up (65 percent)
  • Tradition (28 percent)
  • It’s when they like to start their holiday shopping (22 percent)
  • It’s something to do over the holiday (21 percent)
  • It’s a group activity with friends/family (17 percent)

For consumers who do not plan to shop, more than half (53 percent) say something could convince them. The top reasons given that would change their minds are a sale or discount on an item they want (26 percent), if a family member or friend invites them to shop (12 percent), if they could be sure the items they want are available (11 percent) or a free shipping offer (11 percent).

NRF’s annual forecast estimates that holiday retail sales in November and December will be up between 3.8 percent and 4.2 percent over 2018 for a total of between $727.9 billion and $730.7 billion.

The survey of 7,917 adult consumers’ Thanksgiving weekend plans was conducted Oct. 31 through Nov. 6 and has a margin of error of plus or minus 1.2 percentage points.

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