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The Month of August Is Getting Another Birthstone: Spinel

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Peridot fans can relax, because it’s still an August birthstone, too.

Rapaport reports that Jewelers of America have declared a new birthstone for August: spinel. The article says the introduction is in response to demand from the industry and customers for an expanded birthstone list. “After careful consideration and collaboration with the American Gem Trade Association, spinel was selected for its universal appeal, wide color spectrum and mystical properties,” says JA President and CEO David Bonaparte. Peridot will remain an August birthstone.

Read more at Rapaport

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Thinking of Liquidating? Think: Wilkerson

When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says.

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