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Prize Pearls, Ethical Foundations and More September News

Plus, Jewelers Mutual Group’s new LUX Digital Vault mobile app is now open.

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Prize Pearls, Ethical Foundations and More September News

Prize Pearls

The Cultured Pearl Association of America’s 14th Annual International Pearl Design Competition, hosted in collaboration with retail partner Aaron Faber Gallery, is accepting entries! The contest is open through Nov. 3. Winning designs will be offered for sale at Aaron Faber Gallery in New York City. cpaa.org

Ethical Foundations

Ethical Metalsmiths (EM) is collaborating with Christina T. Miller Sustainable Jewelry Consulting to provide EM members with access to Miller’s course, “Foundations for Sustainable Jewelry Practices.” The course was designed for jewelers beginning their sustainability journey. ethicalmetalsmiths.org

Innovative Insurance

Jewelers Mutual Group’s new LUX Digital Vault mobile app is now open to those on its waiting list and select retailers. The new tech connects customers to their trusted jeweler and their jewelry and watch collections with a 15-day jewelry insurance offer through a seamless app-based experience. jewelersmutual.com

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Dynamic Diamonds

Liquid Diamonds has created a co-pilot for diamond sourcing using a proprietary reverse auction system combined with AI-driven predictive analysis. A buyer can bid on all acceptable diamond options while also seeing real-time views of both the competing supply of sellers and the competing demand of buyers. liquid.diamonds

Lab-Grown and Large

The International Gemological Institute has certified the first lab-grown diamond to surpass 50 carats. The 50.25-carat polished diamond, created by Ethereal Green Diamond LLP, is a Type IIa emerald cut measuring 22.95 by 18.45 by 11.57 millimeters, with G color, VS2 clarity, and Excellent cut, polish, and symmetry. etherealdiamond.com

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You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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